Jordan Stutts
Echoenergia, the firm’s fifth energy platform in Latin America, is a follow-on to a previous venture focused on wind assets in Brazil.
The American Investment Council said private investment can help address a $4.6trn financing gap for revamping the US's ageing infrastructure.
The state is the latest to approve a scheme along the East Coast that calls for developers to invest in production facilities as part of the deal.
As it is being envisaged, President Trump's $1trn plan would not be enough to plug the country's yawning infrastructure gap, fresh research suggests.
The joint venture combines two of Europe’s most experienced offshore wind developers with an interest in developing projects in the US.
North Sky Capital, which bills itself as an impact investor for US foundations and family offices, closed one fund at $63m and another at $240m.
The developer would install fibre-optic cables spanning the 360-mile Pennsylvania turnpike and could use market and lease capacity on the network for commercial purposes.
Some of the world’s largest investors published a letter on Monday stating the Paris agreement was ‘essential for the safeguarding of our investments’.
The deal follows a US solar development partnership the Japanese firm announced with IGS Solar last month.
The firm’s Petershill fund made its second investment this year in energy-focused Riverstone Holdings.