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Investors ‘despair’ as Australia’s PM ditches emissions reduction target

The government could also support new coal-fired power stations as PM Malcom Turnbull gives in to pressure from MPs within his own party.

SUSI hires new Asia head after Kerkwijk ‘unexpectedly’ departs

Wymen Chan is joining from Armstrong Asset Management and will lead the manager’s Singapore-based investment team from September.

National Energy Guarantee moves step closer as Coalition endorses policy

The Australian government’s flagship policy still faces a battle to secure support in Parliament, as well as from wavering state governments.

Major listed Australian wind farm operator set to go private

Infratil and Mercury launched a joint bid to take 100% ownership of Tilt Renewables, which holds 11% of Australia’s installed wind capacity.

States delay approval of Australia’s National Energy Guarantee with set of demands

Policy survives crucial meeting, but Victoria and Queensland want the ruling Coalition to first rubber-stamp it, as they call for a clause to stop emissions targets from decreasing over time.

I Squared in first full Fund I realisation with $580m sale

Lincoln Clean Energy is the first of the 15 portfolio companies to be fully exited by the vehicle, which is currently generating a 18.2% net IRR.

Second Tages renewables fund hits €120m first close

Tages Helios II is a successor to a €253m vehicle that closed in June 2017 and can also invest in wind assets.

NPS seeks infra managers as part of $1.9bn domestic mandates

The world’s third-largest public pension fund is particularly interested in GPs with renewables funds and will accept foreign GPs’ proposals if they have a presence in Korea.

BlackRock joins Taiwan’s renewables rush with solar buy

The firm becomes the latest to embrace Taiwan’s renewables revolution, joining the less sought-after solar market.

SPARX hits $424m final close on brownfield renewables fund

The new fund has a target IRR of 5% and already owns a portfolio of 12 assets purchased from a previously liquidated SPARX fund.

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