energy transition

The Australian fund manager will target both domestic and offshore investors in 2019 as it seeks to raise a total of $723.5m for investments at home and in New Zealand.

The vehicle was closed €150m above its original target and has invested €233m to date across Europe.

Opposition leader Bill Shorten has promised to pursue a ‘bipartisan market mechanism’ such as the National Energy Guarantee if his party wins power in 2019.

Renewable energy capacity is only going to increase, and asset repowering could play a big part in that. Zak Bentley explains why the future might partly lie in the past

The firm will invest 20% of the new vehicle outside Europe, strongly targeting the US, where it is exploring the possibility of raising a dedicated fund.

The mechanism will be debated at a meeting of state energy ministers this month, but emissions-reduction component will be absent.

Tages Helios II is a successor to a €253m vehicle that closed in June 2017 and can also invest in wind assets.

The firm becomes the latest to embrace Taiwan’s renewables revolution, joining the less sought-after solar market.

CIO Armin Sandhoevel expects healthy growth in US onshore wind and solar, as it eyes opportunities in other countries in the region.

The investment was made on behalf of an Australian LP and a new European client.