The subordinated debt fund is channelling up to £15m in loans to a portfolio of 1,500 domestic solar panel installations in England. The £65m PFI fund – fully invested – is considering raising new equity and putting in place debt facilities to capitalise on an ‘accelerated pipeline of opportunities’.
As economic reality bites, will public officials in the US be more likely to make the private sector case?
Moody’s believes Amprion’s €3.3bn, 10-year capex programme ‘will not only burden the company’s financial performance, but also test its technical and managerial capabilities’. A consortium of institutional investors led by Commerz Real spent €1.3bn recently acquiring 74.9% of Amprion.
A subsidiary of the Connecticut-based investor has purchased Cambridge Water, which serves 310,000 people in the UK and has close to £62m of assets. The acquisition includes Cambridge Water’s regulated and non-regulated activities.
The London-based infrastructure investment firm has reached financial close on equity participations in two concentrated solar projects in Spain. Total funding for the two projects is in excess of €500m.
As economic reality bites, will public officials in the US be more likely to make the private sector case?
The government unblocked the funding – which will be used to finance land acquisition and 26.5 years of availability payments – after the project achieved savings of £30m. The new bridge over the river Mersey will cost £600m to build.
A club of 12 banks is providing a seven-year loan to fund the team’s recent acquisition of GDF Suez’s Italian gas grid and re-leverage two other local gas grids bought over the last two years. AXA/F2i is now Italy’s second-largest gas distributor.
A Freshfield survey shows that Europe’s infrastructure industry supports the Europe 2020 Project Bond initiative. But investors want more clarity on how it will work and a speedy implementation. The latter is also defended by the EIB president (pictured).
The Australian developer is recycling three operational UK public-private partnerships for £30m to the Lend Lease UK Infrastructure Fund – a joint venture with PGGM. Roughly half of the £220m fund is already invested.
Michiel Boersma, a former chief executive of Dutch utility Essent, has become the fourth senior advisor to First State’s European unlisted infrastructure investments team, which has raised close to €600m for the its debut fund.
The €245m closed-end fund will group 23 photovoltaic plants – some of them already operational – generating close to 123MW. Commerz Real is touting the vehicle as ‘Germany’s largest solar fund’.
The Xander Group has taken a 14% interest in HCC Concessions, a subsidiary of Indian developer HCC Infrastructure. The investee company has a portfolio of six concessions in India, including five toll roads.
A pre-close trading update reveals that the UK-listed infrastructure investment firm has generated healthy income from its portfolio during April to September this year. But declines in the Indian equity markets and junior debt market hit the value of two of its investments.
The loan is ‘supporting the privatisation of the world’s largest municipal ferry operator’. Earlier this year, a consortium of three Turkish firms and one UK company paid $861m to acquire the ferry operator, known as IDO.