Isabel O'Brien

One year after the acquisition of AMP Capital’s infrastructure debt business, Ares Management has closed the fifth fund in the series – and its first infrastructure debt fund on $5bn, hailing it as the largest ever infrastructure debt fund.

With the Inflation Reduction Act creating a supportive investment environment, US renewables developers are understandably bullish on solar – nevertheless, they should build out with caution.

Not yet fodder for infra investors, but outside the wheelhouse of most VCs, infratech has endured a funding gap – but that’s changing.

The real estate manager will remain a minority shareholder of the new unit, which could look to launch a new line of funds in the credit and core spaces.

The immediate impact of the Inflation Reduction Act on energy investing has dwarfed the slow trickle of money allotted by the Infrastructure Investment and Jobs Act.

While solar developers avoided a worst-case scenario, the Department of Commerce’s decision to bolster tariffs on East Asian solar panel imports is set to have a negative effect on the industry.

The California offshore wind auction featured a familiar winners list, with CIP, Equinor, RWE, Ocean Winds and Invenergy committing a collective $757.1m in winning bids for five separate leases.

The continent has supercharged the global LNG market, shifting demand from East to West, with opportunities flaring up along the way.

The project was meant to be financed under a $3.9bn deal. Now, two years and a global health crisis later, major stakeholders have agreed on a revised plan of up to $4.7bn.

With natural gas usage showing few signs of falling and capital flowing in, investors must ask themselves if they are enabling its growth.