The fund, backed by former basketball star Magic Johnson, again partners with a Meridiam-led consortium.
The Nordlicht wind farm in Norway was guaranteed by the country’s export credit agency in a move seen as ‘crucial’ to ensure the project’s financial close.
The firm is pursuing a strategy to invest in promising clean energy technologies that are bankable through offtake agreements.
A Thailand-based renewables specialist is mandated to help the local and international sponsors deliver the first utility-scale wind farm through to financial close.
The pair will retain the ongoing legal costs of their case against the Norwegian government after selling to private equity-backed CapeOmega.
The investment comes from the New York-based firm’s second $5bn fund, which is nearing a $3.5bn first close.
The investment alongside PSP Investment and China Investment Corporation is said to be ‘the largest renewable energy generation acquisition in history’. The deal is part of GIP’s $15.8bn Global Infrastructure Partners III fund and its second renewables investment following its €1.2bn deal for a 50% share of the 450MW Borkum Riffgrund 2 offshore wind farm off the German coast.
The state will turn to the private sector for a massive expansion of three highways to ease congestion, says governor.
The acquisition of Pacific Midstream plays into the Canadian oil company’s larger Latin America strategy.
The UN-backed vehicle has partnered EBRD to finance two plants with a combined 80MW capacity in the Benban park.
The deal marks the second investment of the group’s third fund, both of which have been in the social infrastructure sector.
The deal marks the second investment of the group’s third fund, both of which have been in the social infrastructure sector.
A platform launched this year as a key part of Infracapital’s £1 billion ($1.2 billion; €1.1 billion) greenfield fund has added a further 16.1MW of French solar-power capacity to its portfolio. Infram Energy, established by Infracapital and Ireland-based developer Amarenco in January, has signed a long-term debt facility arranged by The Bank of Tokyo-Mitsubishi UFJ […]
Dai-ichi Life and Nippon Life are among the investors in the $88m issuance, which will fund environmental projects in the capital.
Infram Energy, which launched earlier this year, now has more than 95MW of capacity in its portfolio.