Building Energy 1 Holdings plc (Building Energy), a global, vertically integrated, renewables-focused independent power producer will receive around €70 million (US$81 million) from ZZ Capital International Ltd (ZZCI) and Zhongzhi Capital (ZZC). The investment was structured through the subscription for mandatorily convertible bonds and equity interests.
The European Investment Bank (EIB) board has approved €4.3 billion (~US$5 billlion) in financing for the development of energy projects, including renewables, in Europe and India.
iCON Infrastructure has announced the first and final closing of a new €1.2 billion (US$1.37 billion) fund, iCON Infrastructure Partners IV.
BaltCap, the largest private equity investor in the Baltic region, has launched BaltCap Infrastructure Fund (BIF) with the planned size of €100 million (US$114 million).
InstarAGF Asset Management and AGF Management have announced the final closing of the InstarAGF Essential Infrastructure Fund with US$740 million in aggregate equity commitments from institutional and high net worth investors from Canada, Europe, the United Kingdom and United States.
Capital Stage AG has announced it has acquired from an institutional investor additional 54,999 shares of CHORUS Clean Energy AG.
The European Bank for Reconstruction and Development (EBRD) has approved a US$500 million framework to finance renewable energy in Egypt.
Oman Power and Water Procurement (OPWP) has announced it has plans to launch a tender process to develop solar projects in the country.
Renova has signed a Purchase and Sale Agreement with Brookfield Asset Management, through Orion US Holding 1 L.P, to sell Renova’s shares in TerraForm Global.
South Dakota Investment Council (USA), has invested US$35 in Blackstone Energy Partners II (BEP II), an energy fund managed by Blackstone Group.
InterGen has recently announced plans to advance the sale of its business interests in Mexico. It is expected that a formal sales process will be launched shortly.
NorthWestern Corporation d/b/a NorthWestern Energy has issued a Request For Proposals (RFP) seeking up to 45 MW of renewable generation owned by Montana residents.
North Sky Capital has announced the closing of two investment funds at US$300 million.
Octopus Investments Limited, the specialist alternatives manager has announced the successful close of the energy fund Renewable Energy Income Partnership at c.£300 million.
PGE Polska Grupa Energetyczna SA, a company controlled by the Polish State and the main electricity producer in Poland, is to acquire all of EDF Polska assets (cogeneration and electricity generation).
The Secretariat of Energy (SENER) together with Mexico’s National Center for Energy Control (CENACE) have published, and expects to be concluded in November, a call for a new power auction in the country.
EIG Global Energy Partners (EIG) has announced the final close of Global Private Debt Fund (GPF IV), a continuation of the firm’s platform for energy and infrastructure credit and direct lending.
First State Investments has announced its European Diversified Infrastructure Fund II completed its first fundraising series reaching its target of €700 million (US$767 million) from global institutional investors.
First Infrastructure Capital Advisors, a subsidiary of Quanta Services, held a US$750 million first close on its debut fund, First Infrastructure Capital.
Fortum and the City of Oslo have entered into an agreement to restructure their ownership in Hafslund ASA, one of the largest listed power groups in the Nordic region.