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The investment into RateSetter marks a first in peer-to-peer clean energy lending, Australia’s green bank says.
Shifting from their longstanding focus on deploying balance-sheet resources, MDBs are now looking for ways to engage the private sector in developing-world infrastructure projects.
The asset manager, run by Ashmore co-founder Jerome Booth, has launched a unit that will focus on ‘de-risking’ renewable projects.
The asset manager will buy six solar plants with a combined 35MW capacity, two months after reaching a €115m first close on the vehicle.
The Singapore-based firm is expanding its portfolio in the country while undertaking a ‘strategic review’ of its 4.7GW portfolio of operational projects across Asia.
The investment will help a Morgan Stanley-controlled wind developer build the second phase of a 150MW project in southern India.
The move is the German firm’s third in the sector and its second with PGGM-backed developer UPP.
The Dutch firm has made its third large-scale solar investment in the country shortly after launching its fifth flagship fund.
The private income allocation category has already surpassed the $700m target the Alaskan sovereign fund set for fiscal year 2017.
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China’s $810bn sovereign wealth fund is stepping up efforts to make direct investments after backing an Aussie port and a Brazilian pipeline network.
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Asís Echániz, who joined the firm in September 2013, previously worked for JPMorgan in the UK capital.
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The world’s third-largest pension fund is actively hiring investment professionals in its overseas offices.
The pension fund for the US Steel Corporation will be cutting staff as it moves to outsource its investment functions.
The German firm’s tax equity investment of close to €150m marks its fifth US wind deal since last February.