Zak Bentley
The government releases a request for proposals, suggesting managers with experience in the sector could seed the Charging Infrastructure Investment Fund with existing assets.
The guarantee was crucial for the $375m valuation the Danish manager and the UK’s CDC were offering for Zambia’s Copperbelt Energy Corporation.
The group targets earlier-stage projects after selling Europe’s largest onshore wind farm and ploughing €270 million into a new 235MW site in the same country.
At €53 per share, VTG considered the US fund manager’s bid ‘not appropriate' representing a premium of only 4% on the volume-weighted three-month average share price.
The manager invested in the CSP sector in 2011 because it regarded it as ‘more sheltered from regulatory change’ than solar PV, which had been damaged by tariff cuts a year earlier.
The new vehicle is targeted at Danish investors just below the ranks of the country’s large pension schemes and is backed by Sampension as liquidity provider.
The deal would give the duo a weighty PFI portfolio, while capping off a challenging 12 months for the listed fund.
Big data is already revolutionising several industries across the globe so there’s no reason it wouldn’t do the same for the toll roads sector. As one of the world’s largest toll road operators, Spain’s Abertis is in a privileged position to gather all sorts of interesting data points. So, what did it do with its […]
Software giant Microsoft is giving new meaning to the term ‘sunk costs’… by literally sinking a new data centre off the coast of Orkney, in north-eastern Scotland. The pilot project will see the data centre powered and connected to the wider world via an undersea cable. Microsoft’s thinking here is that, by dropping this facility […]
The fund has already invested €117m across seven assets and received significant backing from Finnish investors.