Renewables

The decision from majority-owner Sun Life will see InfraRed’s European real estate platform sold, while its Asia platform will be merged with Sun Life’s main private real estate business.

After securing a $1bn first close at the end of 2019, the global renewables fund reached an ‘inflection point’ last summer, according to head of renewables David Giordano.

A surge of actors, including oil and gas players such as BP and Total, are coming late to the party and paying catch-up money for the entry ticket.

February’s crippling snowstorms froze wind turbines across the Lone Star State, crashed its power grid and blew up the swaps underpinning its renewables market.

Chairman Diego Biasi says renewables market is a 'different ball game' now, as the manager eyes growth in southern Europe.

The vehicle is a first of its kind in Brazil’s infra market and is investing in operating renewables and power transmission assets.

Renewity will provide institutional investors with diversification they cannot currently get in the market, co-founder David Hunter tells us.

The $2.1bn deal will see the partners acquire an 836MW operational wind portfolio and a 5GW development pipeline across multiple technologies.

Final commitments to the firm’s latest energy fund will put the fundraising total above a $4bn target and at or near its hard-cap.

The fund will focus on projects in Japan, South Korea and Taiwan to capitalise on feed-in tariffs and the countries’ decarbonisation targets.