Zak Bentley
.jpg "Saudis back $40bn Blackstone 'permanent capital' infra fund")
Saudi Arabia's Public Investment Fund is investing $20bn in the vehicle. The latter hopes to catalyse more than $100bn to boost President Trump’s infrastructure plans.
The vehicle would be its first to target offshore wind while the company has also made further headway on its energy storage fund.
The fund’s co-founder will be replaced internally, with current director David Hardy taking the reins.
The firm has adopted a more selective approach to the market as a result of a larger-than-normal increase in prices for investments.
The ‘technology-neutral’ renewables tender resulted in 2.9GW of wind power awarded, with winners including Gas Natural, Enel and Forestalia.
The 450MW project has been cleared by a Scottish judge, who slammed a previous ruling on the wind farm which ‘strayed well beyond the limits’ last year.
The Australian firm has taken a 20% stake less than two months after the oil storage company unveiled an €830m expansion plan.
The pair have joined China’s CGN and French firm Eolfi in the first large-scale testing of floating offshore wind turbines.
.jpg "Brookfield to launch new ‘flagship’ infra fund next year")
Just 10 months after closing a then-record $14bn fund, the Canadian firm is eyeing a new vehicle with BIF III now 45% invested.
.jpg?id=19327353363 "Brexit group urges EIB replacement for infra")
The ICE-led body, chaired by Sir John Armitt, believes EIB membership needs to be retained but wants the creation of a UK investment bank should such efforts fail.