The new government says it will ‘consider opening’ its $1trn sovereign wealth fund to unlisted infrastructure investments.
The firm’s 2018 outlook warns that competition for investments has driven down returns and made brownfield projects less attractive.
David Giordano, MD of the firm’s Renewable Power Group, says GRP II will be totally invested by the time wind benefits end next year.
The German fund manager has bought its first project in Spain, hailing the ‘free market conditions’ after sealing the 45MW subsidy-free asset.
Industry veteran Jesús Olmos, who joined the private equity firm a decade ago, is leaving at the end of April.
Some 13 investors have been tapped so far for the €600m vehicle, with €100m invested by the EIB. It will target 500MW of assets ready to be built and those recently operational, backed by regulatory regimes.
The London-based infrastructure fund, which is close to its $1.35bn fundraising target, has partnered DCO Energy in the deal for the assets in Connecticut, Delaware and New Jersey.
The Silicon Ranch platform sold to Shell received a $100m investment by the firm in April 2016.
Auckland International Airport is selling its 24.6% for $295m, with Perron Investments and The Infrastructure Fund agreeing to bolster their holdings in two Australian hubs.
Kelling Group, which owns and leases equipment for rail, road and telecom maintenance, ‘benefits from capital expenditure across all critical infrastructure sectors’.
The Canadian asset manager is in talks with Saeta Yield, the 1.1GW Spanish ‘yieldco’, which recently made its first investments outside its home country as part of its expansion strategy.
Joint-venture partners will take over the contractor’s role, while the UK government will bring some public sector contracts in-house.
The deal follows a $286m fundraising campaign closed last October for its social infrastructure-focused vehicle.
The former US Transportation Secretary, recently hired to lead Related Fund Management’s new infrastructure programme, answers five questions about the fate of US infrastructure.
The deals agreed with Foresight comprise interests in UK schools and hospitals bought in 2013.