The Singapore sovereign wealth fund heads consortium investing in the US solar and battery storage developer.
Solar power took 3.9GW of the unsubsidised 5GW on offer, with the two firms set to develop close to 2GW of it.
The H1 Fundraising Report is out now.
Proceeds from the Kauri issue will fund projects in emerging markets.
The UK firm is looking for co-investment partners with an infrastructure background to target derisked production assets in Australia and New Zealand.
Borealis has increased its stake to 23% of the UK’s largest water firm, four months after a £1.3bn deal to become the largest shareholder.
The pursuit of a 1GW portfolio is being seeded with over 200MW of assets as part of the recently closed Global Renewable Power II fund.
The $171m award means the pair will run three airports in Japan’s Kansai region.
The pair win bid to operate offshore transmission link to Burbo Bank Extension wind farm, beating Amber Infrastructure and International Public Partnerships.
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The $209bn pension fund said short-term returns are not ‘particularly significant’ for the assets and expects greater cash flow over the long term.
Fund pledges a total of £38m to four infrastructure investors, including Hermes II which hit a first close in recent weeks.
The chairman and chief executive of Investment Management Corporation of Ontario have backgrounds in infrastructure.
The pension fund’s deal represents the fourth change of ownership this year for the under-fire utility company.
The Danish public pensions have backed a Europe- and North America-focused fund.
Tokio Marine will join two other mandated managers, JPMorgan and Mitsubishi UFJ, to help the $185bn pension fund manage offshore infrastructure investments.