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Solar-as-a-service? Generate Capital wants to sell you infra-as-a-service

A clean energy specialist and a venture capitalist have created a business that is deploying an ‘infrastructure-as-a-service’ strategy similar to that which made residential solar a huge success.

New Sparta launches $250m African renewables fund

The firm’s strategy is aiming to provide an IRR of between 16% and 20% from investments in up to 15 projects.

Tiger Infra makes first UK move with £50m storage bet

The deal is expected to see storage provider BESS grow a portfolio of over 60MW by the end of the year. The investment is Tiger Infrastructure’s first venture into the UK market and its maiden storage commitment since its formation in 2009 by Julian Robertson and Emil Henry, former assistant secretary of the US Treasury.

Silk Road Fund and GE EFS form OBOR energy platform

The new platform targets power transmission, new energy, as well as oil and gas sectors in the countries covered by the China-led initiative.

Foresight and VEI exit Italian solar JV for €336m

The two firms are planning a second offering following the sale to ERG. The new venture will be partly financed through recycling some of the sale capital, but will also tap the market for fundraising proceeds in excess of €100m.

EIB puts €9.2bn towards climate-friendly projects

The bank’s latest investment includes at least 14 infrastructure projects totalling more than €1.7bn in Europe, China and Africa.

BIG and Hancock partner for 10MW waste investment

The deal is the second time the pair have teamed up as BIG seeks to double its 115MW portfolio. The project has been bought from the Green Investment Group as the last transaction following BIG's acquisition of 20 assets from the revamped Green Investment Bank.

Ardian closes €60m financing on Italian biomass plant

The firm and partner Tozzi Green secure debt for the 25.2MW project three years after they paid €100m for the site.

Greensphere mulling London listing to raise up to $500m

The green infrastructure firm says it aims to ‘revolutionise’ the fund model by delivering returns with zero net cost. It is targeting investments in water, waste, renewable energy, energy transmission and distribution, sustainable agriculture and energy efficiency.

Mainstream cleared to build Scottish wind farm

The country’s Supreme Court rejected an appeal from the Royal Society for the Protection of Birds, ending a two-year legal battle over the £2bn Neart na Gaoithe offshore project. The £2bn wind farm, which will be built over 80 square km on a site in the Forth Estuary off the North Sea, was awarded planning consent in October 2014.