Future Super is cornerstone investor in Australia’s first fossil fuel-free super fund, which is committing $40m to an infrastructure debt facility targeting ‘ethically screened’ projects.
The multi-asset manager secured a 3.2 times return multiple and a 19% IRR from the sale of its remaining stake Sembcorp Green Infra.
More than 4,000 businesses and households with capacity of up to 30KW are eligible to sell their excess energy production to the grid at a regulated tariff rate.
Financial close for the key trade corridor connecting Detroit, Michigan and Windsor, Ontario is expected next September.
Hostplus head of infrastructure Jordan Kraiten tells us how its young member base gives it the luxury of patience, as it finds itself newly underweight on the asset class.
Queensland is rolling ahead with the rail project despite Infrastructure Australia saying its costs are ‘likely to exceed its benefits’.
The North American firm’s third fundraise is said to be targeting $5bn, with a hard-cap of $7bn.
The US utility said it will build 700MW of solar and help modernise Florida’s electric grid after cancelling the development of a nuclear plant.
The deal agreed by Greencoat Solar is the first acquisition since the initial 108MW bought upon launching late last year.
The Australian SWF has lowered its expected return range by 0.5% for the next 10 years, as it says investors have been ‘squeezed up the risk curve’.
.jpg "China Everbright in $300m first close for overseas fund")
The Chinese asset manager is eyeing a second close on its $1bn vehicle by the end of this year.
The firm continues to focus on renewables and communications infrastructure, but warns of worrying trend in core infra.
Offices in downtown Houston were closed on Monday, while shut down refineries could lead to increased costs.
The German asset manager has completed and exited two solar projects in Japan over the past four years.
The World Bank affiliate is looking to lend $50m to the project and mobilise up to $100 million from other lenders.