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.
IPPToday #154: Government of Alberta announces second and third rounds of 5000 MW Renewable Electricity Program
The Government of Alberta, a province in western Canada, has announced that the Alberta Electric System Operator (AESO) is preparing to open the second and third series of tenders in its Renewable Electricity Program. In total, the two tenders will award 700 MW renewable energy projects.
The Ministry of Energy and Mining of the Government of Argentina has instructed the boards of state companies Energía Argentina SA (Enarsa) and Emprendimientos Energéticos Binacionales SA (Ebisa) to promote and adopt all acts, actions and corporate collections necessary to proceed to a merger by absorption.
The government of São Paulo has resumed the partial privatisation of Companhia Energetica de São Paulo (CESP), the utility company responsible for approximately 58% of the energy generated in the state, and for almost 12% of the total power produced in Brazil, making it the third largest in the country.
Foresight Group has announced the first close of the Foresight Italian Green Bond Fund at EUR70 million (US$864.75 million).
The Federal Energy Regulatory Commission of the USA has approved the merger application filed by Hydro One Limited in Canada and Avista Corporation in the US. The application, filed in September 2017, concerns a definitive merger agreement under which Hydro One will acquire Avista for CAD67 million (US$53 million) per share in a CAD6.7 billion (US$5.3 billion) all-cash transaction.
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.
Taking advantage of the attractive market conditions, ENGIE has issued its first Green Hybrid Bond (Deeply Subordinated Perpetual Bond) for an amount of EUR1 billion (US$1.22 billion), with a coupon of 1.375% and a Non-Call period of 5.25 years.
Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January
With confirmed participation of H.E Honourable Malick Alhousseini, H.E Honourable Professor Alfa Oumar Dissa, Ghana’s Ministry of Energy, Autorité Nationale de Régulation du Secteur de l'Electricité (Anaré), TOTAL, CI-GNL, Regional Liquidity Support Facility (RLSF) and West Africa Gas Pipeline Authority Company (WAGPA), the fast approaching Regional Energy Co-operation Summit 2018 will establish the roadmap for sustainable electricity trade in ECOWAS’ booming gas and energy markets.
Brookfield Business Partners L.P, together with institutional partners, has announced that it has entered into an agreement to acquire 100% of Westinghouse Electric Company, a leading global provider of infrastructure services to the power generation industry, from Toshiba Corporation.
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).
The Allianz Group has announced that from 1 January 2018, Allianz Capital Partners (ACP) will become a discrete entity under the umbrella of Allianz Global Investors (AllianzGI).
The Power Trading Chamber (CCEE) of Brazil has announced that more than 3,841.6 MW of power supply contracts were awarded in the tender that took place yesterday. Around 572,518,389 MWh were awarded for a total BRL108.46 billion (US$32.96 billion), or an average price of BRL189.45 (US$57.5) per MWh.
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.
ISQ Global Infrastructure Fund II, which is owned by I Squared Capital, an infrastructure private equity firm based in New York, is acquiring the Latin American and Caribbean businesses of Inkia Energy, a wholly-owned subsidiary of IC Power Ltd., for US$1.2 billion.
African energy stakeholders to meet leading international businesses in Washington, D.C. to discuss investment partnerships
U.S. Government agency Power Africa and EnergyNet have joined forces for a 4th year to unite African stakeholders with global leading businesses in the heart of the U.S. capital, Washington D.C.
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.
Ardian, announced it has signed an agreement for the sale of a €1 billion portfolio of assets after a competitive auction. The Investors involved are APG and AXA, both existing shareholders of the portfolio since 2006. Ardian will remain the asset manager and advisor of the portfolio.
EnergyNet will host the second Regional Energy Co-operation Summit in Côte d’Ivoire from 24-25 January 2018 - a strategic platform for project evolution and partnership development. The conference will discuss opportunities for cross-border power projects and potential gas investments across West Africa.