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BlackRock keeps First Reserve’s winning formula as new fund hits $1.5bn first close

The Global Energy and Power Infrastructure Fund III has a $3.5bn target and is the first launched by the former First Reserve team following its acquisition.

Saudi Arabia’s PIF becomes 25% owner of power group ACWA

The sovereign wealth fund’s investment comes ahead of a planned IPO by the company, which has increasingly been diversifying towards renewable energy globally.

High Australian electricity prices here to stay, report says

The Grattan Institute finds a correction from the historic oversupply in Australia’s energy market will ensure high wholesale prices will remain for a long time.

New Energy Solar acquires first Australian asset

The company’s CEO says changes to market conditions in the country prompted the $84m move for the 55.9MW facility in New South Wales.

Australian investors weighing up rival APA Group bid

A local bid for Australia’s largest natural gas pipeline company would face fewer regulatory hurdles than the current $9.8bn offer from Hong Kong’s CK Infrastructure. But the size of the equity cheque required is proving daunting for local investors and GPs.

National Australia Bank low-carbon portfolio closes on $148.7 million

The collection of loans to green energy projects closed with a cornerstone investment from the Clean Energy Finance Corporation.

Asset sales loom as CK Infra bids $9.8bn for APA Group

The proposed divestment package – an attempt to satisfy FIRB and ACCC regulatory requirements – is not seen as including APA’s best assets.

NSW transmission strategy to unlock private investment in new projects

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

Morgan Stanley pays $1.75bn for US midstream company

The infrastructure arm of the bank’s asset management business is financing the acquisition of Brazos Midstream’s Delaware Basin subsidiaries through its NHIP II fund.

Partners Group, CDPQ and OTPP team up for €4.6bn Techem buy

The acquisition from Macquarie comes roughly 10 years after MEIF2 paid €1.4bn to gain control of the German metering company.

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