Jordan Stutts
With many projects failing to meet output forecasts, underperformance has become the industry’s ‘biggest challenge’, according to the insurance provider.
Uganda's Soroti Solar Facility is celebrated as a successful way to quickly develop renewables in Africa, but investors wonder whether it can be replicated.
Following its $28bn merger with Spectra Energy last autumn, the Canadian energy company bought out all outstanding public shares of Midcoast Energy Partners.
Along with making its fourth infrastructure investment, Chicago Policemen’s Annuity and Benefit Fund has increased its target allocation to the sector from 2% to 4%.
Among the projects the country will seek private financing for is the $6.6bn Metro Line 3 expansion scheme in Lima.
The 90MW project has received approval from Long Island’s power authority two weeks after the state’s Governor announced plans to develop 2.4GW of offshore wind by 2030.
.jpg?id=12885365783 "Blackstone plans infra fundraise")
The private-equity firm says it has so far deployed close to $6bn of equity in the asset class, with its president boasting returns ‘into the 40% IRR range’.
The Cricket Valley Energy Centre is leveraged with about 44% equity from investors including TIAA and 55% debt from a group of global finance institutions.
SunEdison's former yieldcos have been considering bids for months and Brookfield appears to be the top contender.
The appointment of Todd Lapenna as partner comes after the US firm recruited 20 infrastructure staff from KPMG last May.