Sponsors of the £1bn scheme, in which Prudential and InfraRed are equity investors, are now waiting to see if it will be offered subsidies by the UK government.
The investment is the third from BlackRock’s Renewable income UK fund, which held an initial close in December last year at £500 million.
The pension fund expects to increase the number of external managers for its infrastructure and forestland portfolios from six to 10 over the next five years.
The energy infrastructure investment firm has already deployed most of the capital committed to Fund II, which reached its final close above its $100m target.
The last section of the E18 will be built thanks to financing from the EIB, the Nordic Investment Bank and Pohjola Bank.
Deal scarcity and greater appetite for emerging markets is pushing sovereign investors worldwide to seek tie-ups with peers.
The facility, located on the outskirts of Port Botany, will be the largest integrated warehouse rail terminal precinct in Australia once fully developed.
The Greenwich-based buyout firm has expanded its energy infrastructure team with the addition of Luke O’Keefe.
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The global infrastructure association that was launched three months ago has established a 25-member board that will be chaired by Prudential’s Matthew Farnum-Schneider.
Renewable energy fund manager Quercus Assets Selection is targeting a minimum of €150m to build a 300MW portfolio of wind farms.
Wendy Norris, the Australian sovereign’s new head of infrastructure, continues to see a strong role for managers within the institution’s strategy.
The partial lease of New South Wales’ electricity network will go ahead after enabling legislation squeaked through Parliament on a 19 to 17 vote.
The Canadian firm has teamed up with KB Asset Management to raise a $180m vehicle that will invest in North American infrastructure on behalf of South Korean institutional investors.
The German asset manager, which has bought a solar park near Bristol, has described the UK as one of the strongest growing markets for photovoltaic energy.
While at home India’s central bank dictates corporate debt spreads across the institutional investor spectrum, Modi’s government looks abroad to encourage funding for the country's highway construction programme.