Zak Bentley
Eager to exploit rising investor appetite in the region, CapMan is considering the launch of an infrastructure fund.
The manager has picked professionals that have also worked at Goldman Sachs and the EBRD as it eyes further deployments from its renewables and energy storage funds.
The project, in operation since last year, will provide power to a nearby paper mill while exporting surplus supply.
A little over two years after sealing its debut investment in China, the firm has made its first move into the world’s largest solar market by acquiring 143MW in Shandong.
The fund manager’s investment alongside Eurazeo will see Fonroche’s solar business siphoned off from the company’s other renewable energy business streams.
Having previously invested in Irish wind, the Canadian fund’s acquisition of 21% of Rabbalshede Kraft represents its second move in Europe.
M&G Investments’ infrastructure arm is eyeing projects in France, UK and Ireland with Amarenco as a key part of its £1bn greenfield fund.
The German asset manager has secured two operational projects totalling 41MW as it reaches a first close on a renewable energy vehicle launched late last year.
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The UK telecoms group is set to be divested by CPPIB and Macquarie, its lead shareholders, in a deal potentially worth up to £6bn.
The NextEnergy Solar Fund also said it is in advanced negotiations for an additional 197MW acquisition worth £205m.