Europe

Enel will seed the new entity, which builds on the two companies’ partnership in Italy, with some 200 distributed photovoltaic generation, co-generation, tri-generation and energy efficiency projects.

Digital infra has certainly moved into the mainstream. But with technology advancing at lightning speed, a growing number of investors are quickly recognising its wider potential.

Monopoly ownership came under fire for perceived abuses of power, especially in Australia and the UK.

The French fund manager will finance its portion of the €2.2bn acquisition through its recently closed European renewables fund and a co-investment vehicle created for this specific transaction.

The French manager is targeting €500m for Infragreen IV, which has already lined up deals across Europe.

The fund manager used crowdfunding for an industrial-scale clean energy project in France, while in the US it partnered with Engie to help the University of Iowa transition to a zero-carbon footprint under a 50-year utilities concession.

In the past two years, MIRA has increased its exposure and presence by establishing a team on the ground after investing in the region for more than 15 years.

The Dutch firm has put London-based partner Paul Nash, who has been with DIF since 2008, in charge of the strategy.

The vehicle is the Commerzbank subsidiary’s second in a series, although this time has wider European mandate than only Germany.

The CI New Markets fund, launched earlier this year and attracting European investors from Scandinavia, Germany and Austria, is the Danish firm's first to target emerging markets.