With large-scale projects in the pipeline, add-on investments to be done, a promising renewables market and interesting opportunities for those willing to venture off the beaten path, tales of the Australian market’s death have been greatly exaggerated.
The Lion City will launch a $3.8bn rail infrastructure fund to expand its existing network by more than 100km and will open a new Infrastructure Office to facilitate investments in the sector.
The vehicle is set to be launched after the manager closes on its debut Americas strategy, which has so far garnered $550m – surpassing its original $500m target.
Justin Mallis, who worked with a number of credit funds in his former role, becomes global head of project management at his new employer.
The emerging Asia-focused fund manager has teamed up with clean energy developer Sunseap International to deliver one of the first large-scale solar projects in the country.
The trio is joined by other local and international investors, with nine consortia expressing an interest for Egnatia Odos.
The UK asset manager, which recently set up a new energy division, says it has a further storage pipeline of over 200MW. The deal was clinched from its BSIF fund, which reached a £150m first close last June, halfway to its £300m target.
Having emerged as the preferred bidder in late January, the LINXS consortium will now wait for the city council to approve its proposal for the $4.5bn people mover PPP.
The German group will join Meridiam as an owner of the NeuConnect project, which recently received regulatory approval.
The firm buys 50% of the Canadian company and will help develop its $150m pipeline of projects in Vancouver and Toronto.
The German energy company buys a 37.5% stake in the partnership’s three projects, which obtained environmental approvals last week.
The firm closed its main infrastructure vehicle €150m above its target and hit a first close on its co-investment programme.
Andrew Claerhout spent 13 years at the Canadian pension and the last four-and-a-half as head of its C$18.9bn infrastructure programme.
The increase to a 31.4% ownership is the fourth time in less than a year the Canadian pension fund has boosted its share in the company.
The Singapore-based developer is committed to building over $795m of new projects in the next two-to-three years. It was recently acquired by a consortium of led by GIP for $5bn, the largest renewables deal to date.