The funds will be used to acquire seven projects from parent group John Laing, which subscribed for 39.7% of the environmental fund.
A rating agency report indicates UK insurers’ appetite for infrastructure will remain strong despite their annuity business being hit.
North America fundraising remains steady amidst global growth
The Lake Turkana project, backed by a €498m debt package, will add 300MW to the country’s generating capacity.
The deal is part of a €1.1bn transaction to acquire Bord Gáis Éireann, the state-owned energy company, alongside Centrica and Brookfield.
However, more remains to be done to unlock investment according to Ingenious Clean Energy, which has completed its latest deal in the space.
The Virginia Retirement System has committed $150m to First Reserve Energy Infrastructure Fund II after nearly doubling its target allocation to real assets.
Announcing its latest results, JLIF thinks changes to pension rules could provide a fresh injection of capital for the UK listed infra space.
The transaction, which counts Belgian fund DG Infra among its lead sponsors, includes the first greenfield project bond backed by the EIB’s credit enhancement facility.
New pledges by the UK, US and Japan will aim to ensure 50% of the country’s population has access to power by 2017.
Fresh data shows toll roads and airports improving performance but significant regional differences remain.
The London-based consultancy, which advises on infrastructure projects internationally, has hired Simon Bimpson to bolster its utilities offering.
John Laing will subscribe for 40% of the shares, up from the 29% originally anticipated.
The London-based fund manager has sold its 20% stake in French company Orege after almost three years of ownership.
Paris is quietly making peace with PPPs. It now needs to embrace the scheme more forcefully if it is to keep investors interested