The partnership with Biomass Group will initially aim to produce 150,000 tonnes of biomass pellets a year.
The Australian state’s approach is a ‘best practice’ model of risk allocation and can be replicated globally, says the ratings agency.
The pair, alongside Transmission Investment, fought off competition from Macquarie, HICL, Equitix and Balfour Beatty.
The bank’s energy investment arm commits to Durango, which supplies natural gas services to producers in Texas, Oklahoma and Kansas.
The deal is the scheme’s largest to date and was sealed by the Multi-Strategy Infrastructure Fund, which now has £750m of commitments.
The process included some original shareholders exiting, removing monoline insurers from the capital structure and a new senior debt refinancing.
The new scheme will back operations of Springvale mine and Mount Piper Power Station, providing up to 15% of energy demand in New South Wales.
The firm acquired assets generating a combined 3.4GW in Latin America as it eyes up to $6.5bn for its sophomore vehicle.
The vehicle, now officially launched, could raise up to £500m and comes after the firm has committed more than £1bn to UK projects.
A steady stream of deals – including a record-breaking renewables transaction – all point to the emergence of Asia as a serious investment destination.
Umbrella fund finance facilities can be a convenient and cost efficient option for managers with a number of strategies under one roof. Leon Stephenson and Alex Griffiths of law firm Reed Smith explain why.
By combining 34 of its wind assets into newly formed Ventient Energy, the manager has created the UK’s third-largest onshore wind operator, with an installed capacity just shy of 700MW.
No cybersecurity programme can be totally foolproof, but there are key ways to reinforce any effort and mitigate the biggest cyber-risks.
The deal is the €1.8bn fund’s fourth investment, all of which have been in the transport sector.
The manager’s maiden fund returned 2.1x capital and generated an 11.4% IRR on exit. Co-founders Ed Clarke and Martin Lennon talk us through the process and describe what’s changed in the market since its launch.