Zak Bentley
Between five and 10 unsubsidised projects are to be developed alongside partner Ilmatar, with potential for other investors to join.
The proposed 320MW lagoon scheme in Wales had received up to $265m in commitments from InfraRed and Infracapital.
Demand for regulated assets shows no signs of abating, but neither does regulatory risk as a major investor concern. We delve into the apparent cognitive dissonance.
Europe’s ‘largest private project’ could still face legal challenges, including one backed by London’s Mayor Sadiq Khan.
The Dorset fund questioned whether Hermes has an exit strategy if regulated assets in the country are taken public.
Peter Durante’s newly-created role will see MIRA ‘look beyond convention’ in applying technology to existing and future assets.
An overnight agreement led to an initial 27% target for 2030 being increased to 32% and recommendations for member states to ‘avoid’ retroactive changes.
The vehicle - which has invested in Europe, the US and Australia - has garnered over €400m to date but is still open to further fundraising.
Shane Swords will lead efforts to source institutional capital, as the group drives forward its electric vehicle infra plans.
The sales process for the firm’s solar portfolio in Canada is thought to be under way.