energy transition

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.

The ‘pure play’ energy infrastructure vehicle, which is also backed by EDF, has secured 15 investors including the European Investment Bank and Crédit Agricole Assurances.

Discrepancies between policies and questions surrounding major projects have created confusion but will not stop renewables deployment.

The pool of investable assets is widening beyond renewables, as highlighted by Meridiam’s recent electric vehicle charging services deal.

Drawing inspiration from Texas’ Competitive Renewable Energy Zones, the state government revealed plans to develop a new strategy centred around three priority energy zones.