The plan would see 72,000 of the city’s streetlamps replaced with energy-efficient LED lights, as the district looks increasingly towards the private sector for infrastructure projects.
Financial ‘flexibility’ of the combined entity would be constrained, assuming the €16bn transaction is greenlit by regulators, Standard & Poor’s said.
The latest tender, part of the country’s privatisation programme, comes more than six months after a €400m deal with Azerbaijan’s Socar fell apart.
The firm’s second renewable power vehicle has picked up investments from two US institutions this month, including $50m from the New Mexico State Investment Council.
Julien Gailleton joins the firm’s Paris office after spending seven years as a senior investment director at CDC Infrastructure.
India needs to invest nearly $150bn to meet its 2022 renewable energy target, a large part of which will be contributed by foreign capital as domestic lending is constrained.
The current head of SL Capital is set to helm the unit just days after shareholders approved a £3.8bn transaction that will create the UK’s largest asset manager.
The vehicle missed its target by C$10m but has already deployed 30% of its capital, including in the Billy Bishop Toronto City Airport.
Marta Jankovic, ESG and responsible investment specialist at APG, replaces Blackstone’s Gerry Murphy at the industry body.
The debut vehicle is targeting companies in Mexico, Colombia, Peru and Chile that will benefit from increased infrastructure and energy development in Latin America.
The president’s criticism of the renewable power source came at a speech in Iowa, one of the country’s leading wind generators.
Launched a couple of months ago, the firm’s second global infrastructure vehicle has received $150m from the Texas Municipal Retirement System.
The debt vehicle is one of 38 private funds at the Canadian firm.
With the Trump administration looking to spark a $1trn infrastructure boom by tapping the private sector, we find it looking for inspiration from the land Down Under.
The boss of the Climate Bonds Initiative thinks concerns over the country’s green bond standards and verification procedures are exaggerated.