staging
Wind power
The World Bank affiliate will provide a $30m convertible loan to a private developer in China to build 200MW of capacity in Henan.
The firm has now committed over ยฃ550m to the sector which is under pressure for more investment.
The move comes as part of a co-investment alongside Equitix in the 317MW Sheringham Shoal project.
Mitsubishi Corporation is also looking to invest in urban development projects, particularly in emerging countries such as Myanmar, the Philippines, Indonesia and Vietnam.
The firm takes sole ownership with acquisition from Montreux Healthcare Fund and Macquarie Principal Finance, marking its first move in the sector.
The groupโ€™s second fund makes its third acquisition, taking a 60% stake in the Swedish transport company.
The Macquarie affiliate kicked off the partnership with a โ‚ฌ136m investment in a Covanta-owned Dublin facility.
The fundโ€™s second acquisition in a week could be boosted with a doubling down of the deal between now and May 2018.
Northill will now only acquire the firmโ€™s UK and US-based businesses in the latest setback for owner Westpac.
The deal comes via the same fund that holds the groupโ€™s 5% stake in Thames Water.
The deal from the firmโ€™s fourth fund comes as Equitix launches a successor to the ยฃ750m vehicle.
The โ‚ฌ245m financing is also validated as a green bond following ESG due diligence.
The pension firm has formed a joint venture with local company Votorantim Energia to invest in the countryโ€™s energy sector.
KWAP buys a 45% stake for ยฃ67.5m from EFG Hermes, which will continue to hold a 5% interest as it targets further investments in emerging market renewables.
The Australian fund manager is divesting its principal stake in the global toll road operator as the asset company decides to internalise its management team.
ii
ii

Copyright PEI Media

Not for publication, email or dissemination