Jordan Stutts
Investors are waiting to see how the US President-elect fulfills his campaign promise to invest $1trn in infrastructure – and if it’s even possible. We investigate.
A US energy group is paying $852m, including debt, to buy the 252MW Ventika wind project from the private equity firm.
AEP operates a portfolio generating 31GW but has sought in recent years to diversify its investments to include more renewables.
.jpg "Statoil wins New York offshore wind auction")
The winning bid was $42.46m for the lease of 79,350 acres off the coast of New York reserved for offshore wind development.
The Canadian and US energy companies will create a combined entity with an enterprise value of around $124bn.
The project DONG Energy and Eversource are partnering for is located 15 miles off the coast of Massachusetts and could potentially generate up to 2GW of power.
Located 15 miles off the coast of Massachusetts, Bay State Wind could generate up to 2GW once complete in the early 2020s.
Ares Management’s subsidiary has raised $621.8m for its fifth energy fund and sold the recently completed Pio Pico gas facility in California.
The private equity firm has invested in various infrastructure assets in recent years including cell towers, a natural gas export facility and a transmission line.
The Paso de Agua Negra International Tunnel, whose tender is backed by IDB, could help boost trade between Argentina and Chile.