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Jordan Stutts

A deal-sourcing head start

An agreement with AECOM to source projects and a focus on greenfield make AVAIO Capital stand out from the mid-market pack.

Unfazed by legal action, TransAlta investors elect management’s preferred board

Shareholders in TransAlta Corporation have backed its management by electing its preferred board of directors. The vote took place after an investor brought a legal challenge to the company’s C$750 million ($557.5 million; €838.8 million) deal with Brookfield Asset Management. TransAlta, one of Canada’s largest power producers, issued a statement on 26 April in which […]

Deal with Duke gives John Hancock renewables exposure

US power producer Duke Energy has sold a minority stake in its renewables portfolio to an infrastructure fund owned by Canadian insurance giant Manulife Finance Corporation. According to a statement released by Duke, John Hancock Investments, Manulife’s US capital management division, purchased a 49 percent stake in 37 operating wind, solar and battery storage assets […]

New York State opens doors to $1bn of renewables investment

Administration’s third solicitation is smaller than the previous two, which awarded $2.9bn in contracts and resulted in $7bn of investment in clean energy.
Wind power

WSIB turns $500m Geronimo commitment into partnership with National Grid

The Washington State Investment Board has restructured $500 million originally committed to the Geronimo Renewable Infrastructure Partners fund into a co-investment partnership with the UK’s National Grid. According to a document published on WSIB’s website published online, the US pension announced the allocation shift this week. It comes after the UK utility bought out the […]

Carlyle picks Goldman alum to head renewables group

The Carlyle Group has hired a Goldman Sachs clean energy specialist to lead the firm’s Renewable and Sustainable Energy Platform. Pooja Goyal left a 17-year career at the investment bank to become a partner in a division of Carlyle that the Washington, DC-based firm says is poised for growth. In a statement, Carlyle co-chief executive […]

I Squared exits solar company and targets Asian gas market

I Squared Capital’s co-founder has told Infrastructure Investor that Asia’s natural gas sector is a more attractive opportunity than renewables, after announcing the sale of Singapore-based solar company Amplus Energy Solutions. Gautam Bhandari said he was “very happy with the result” of I Squared’s investment in Amplus, which the firm sold this month to Malaysian […]

Carlyle investments to feature ‘smarter’ infra upgrades from Schneider

French energy management company Schneider Electric has agreed to a partnership with The Carlyle Group to provide sustainability and automation upgrades to infrastructure projects. Andrew Marino, co-head of the US private equity firm’s Global Infrastructure Opportunity Fund, said the move was both an efficiency effort and a means of ensuring that current and future investments […]

Fitch: ‘mostly stable’ US transport sector could hit roadblocks

Growth in the US transport sector this year will be moderate and stay in lockstep with the country’s GDP, according to Fitch Ratings. The company, in a report published on Monday, predicted “mostly stable” growth in airports, toll roads and ports, citing in all cases a strong commercial and consumer economy. However, the ratings agency […]

Stonepeak’s $3.6bn Oryx deal deepens firm’s US midstream exposure

Stonepeak Infrastructure Partners has increased its portfolio’s exposure to the US energy sector with a $3.6 billion deal to acquire an oil pipeline company operating in the Permian Basin in western Texas and New Mexico. The New York-based fund manager agreed to purchase Oryx Midstream from a group of energy investors including Quantum Energy Partners, […]

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