Greenfield

The US tech giant will purchase the entire power output from two future wind farms, one of which will be Norway’s largest onshore project.

The private equity firm has acquired a 50% stake in the $500m project, which will serve as a critical outlet for Utica petrochemical companies in Ontario, Canada.

The Auckland-based firm is snapping up Balfour Beatty’s stake in the $185m University of Wollongong housing scheme shortly after one of its founding partners stepped down.

A group of renewable energy investors led by Abu Dhabi’s Masdar has won the rights to build an 800MW solar project in Dubai.

The listed utility, already one of the largest foreign investors in Indian power, has sealed a 100MW tie-up with a local turbine maker.

The project, set to be the country’s longest river bridge, is expected to serve nine million people in the region.

The Beijing-led bank has approved its first batch of investments, a significant step towards hitting its target of lending $1.2bn this year.

The UK developer is offloading its project management business to HCP Management Services as it turns its focus on greenfield projects.

If underinvestment continues at its current pace the world will face an annual shortfall of $350bn by 2030, McKinsey warns.

IFC affiliates and two fund managers have backed the developer as it seeks to expand Lekela Power, a joint venture it launched last year alongside Actis.