Sol Systems and Nationwide have launched a joint venture: Helios Infrastructure Fund. Helios’ initial objective is to acquire, develop, build and own over 330 MW of utility and commercial solar assets throughout the USA in the next 12 months, with an aim to expand the platform thereafter.
Funds & Investments News
Inspired Evolution has signed a deal to invest up to US$36 million in Alten RE Developments Africa B.V., the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables. The investment by Inspired Evolution’s Evolution II Fund will expand Alten Africa’s existing solar photovoltaic development platform across sub-Saharan Africa.
Orion Energy Partners, L.P has announced it has closed Orion Energy Credit Opportunities Fund II. The fund was oversubscribed with commitments totaling US$816 million, exceeding the target fund size of US$750 million.
Pacifico Energy K.K. has successfully completed the launch of its first solar investment fund. The fund will be comprised of 5 Japanese solar power plants totaling over 100 MWdc.
EnCap Flatrock Midstream has announced the final closing of EnCap Flatrock Midstream Fund IV, L.P. The substantially oversubscribed fund exceeded its US$3 billion target and reached its US$3.25 billion hard cap within six months.
Capital Stage and Ireland Strategic Investment Fund to invest €140 M in Irish renewable energy market
Capital Stage and the Ireland Strategic Investment Fund enter €140 million partnership to invest in the Irish renewable energy market with leading Irish solar company Power Capital
Foresight Group has announced the first close of the Foresight Italian Green Bond Fund at EUR70 million (US$864.75 million).
Starwood Energy has recently committed US$135 million capital to its Starwood Energy Infrastructure Fund III, taking the fund's total to US$989 million.
Dutch multinational banking and financial services firm ING has launched a Sustainable Investments fund, committing EUR100 million of capital to support sustainable ’scale-ups’ with a proven concept and a positive environmental impact. The OECD definition of a scale-up is a company with an average annualized return of at least 20% in the past 3 years with at least 10 employees in the beginning of the period.
After nine months of fundraising, Copenhagen Infrastructure Partners’ (CIP) new fund, Copenhagen Infrastructure III (CI III), has had its sixth close on December 27, 2017 with total commitments reaching EUR2.8 billion (US$3.32 billion).
In a bid to reduce the huge infrastructure financing gap in Sub-Saharan Africa, the African Development Bank has approved US$100 million to The Emerging Africa Infrastructure Fund (EAIF), a public private partnership company.
The Land Degradation Neutrality Fund was officially launched at the thirteenth session of the Conference of the Parties (COP13) of the United Nations Convention to Combat Desertification (UNCCD), which took place in Ordos, China. The initiative is promoted by UNCCD and Mirova.
SCOR Investment Partners, the SCOR group’s portfolio management company, have announced the end of the deployment of €378 million (US$444.06 million) through the SCOR Infrastructure Loans II fund, and the launch of the third generation with the SCOR Infrastructure Loans III fund.
Infranode has achieved final closing on its first fund reaching SEK4.45 billion (US$524.68 million) with AP4 joining an already strong group of local pension funds and the European Investment Bank (EIB). The capital will be invested long-term in Nordic infrastructure.
Europe’s leading National Promotional Banks and European Investment Bank announced the launching of Marguerite II, a pan-European infrastructure fund with total commitments in excess of €700 million (US$ 832,29 million); ensuring continued support to key infrastructure investments in renewables, energy, transport and digital infrastructure by the Marguerite platform.
Infracapital, the infrastructure equity investment arm of M&G Investments, has successfully reached a final closing of its latest fund, Infracapital Greenfield Partners I LP, with total commitments of £1.25 billion (US$ 1,65 billion).
DIF has announced the final close of DIF Core Infrastructure Fund I at the hard cap of € 450 million (US$ 527,83 million).
Iona Capital has announced the first close of the Iona Environmental Infrastructure LP 3, a £250 million 15 year limited life pooled investment vehicle.
Mexico Pacific Limited has received an investment from Aecom Capital’s infrastructure fund for the development costs of an estimated US$1 billion Liquified Natural Gas project in the Gulf of California.
Saudi Arabia’s Public Investment Fund (PIF), has signed a Memorandum of Understanding (MoU) with SoftBank Vision Fund (SBVF) to jointly fund the development of 3 GW of solar photovoltaic and storage capacity in Saudi Arabia.