Zak Bentley
A first close is expected in the first half of next year and the fund will include an expansion outside the Middle East.
Just months into his tenure as chairman of the supervisory board, Edwin Velzel has been asked to take over from outgoing chief executive Else Bos.
Saudi Arabia’s PIF will also invest in a major toll road in Moscow alongside RDIF and Russia’s largest pension fund.
Falling power prices following the end of a fixed-price contract have led to a write down of about $16m.
The company is looking to issue 500m shares as it seeks to capitalise on the ‘significant pool of assets’ available in the UK wind market.
The investment comes shortly after the firm sold its managed share in LBC Tank Terminals.
The bioenergy investor is also believed to be in talks regarding investments in projects recently backed by the UK’s CfD regime.
The firm’s first infrastructure investment outside the UK and the Nordics is part of a “wider strategy” in the European gas sector.
The move is the UK-based scheme’s third investment in a Partners Group infra vehicle, having previously ploughed £96.7m into the firm’s infra funds.
Described by the Danish government as a bellwether in 2009, the 21MW site is now being touted to local and foreign investors.