Renewables

The 14 operating assets mark the first realisation for BlackRock’s Global Renewable Power Fund I, with GRP II 80% deployed and a third vehicle in the series earmarked for 2019.

The Sydney-based fund manager turned to the Japanese market, with the debt facility underwritten by MUFG.

A breakdown of trust across sectors between China and the West stands in the way of the country’s ambitious offshore wind plans.

The troubled company is also putting on the block under-construction wind assets with a total capacity of 104MW.

The Taiwanese government has proposed a 12.7% cut in feed-in-tariffs for offshore wind PPAs in 2019.

The country’s public pension scheme has committed a total of $265m to two domestic funds.

wpd's Helge Rau, Gore Street Capital's Alex O'Cinneide and Kok Leong Toh of Partners Group each offer their differing views on Asian renewables.

Opposition leader Bill Shorten has promised to pursue a ‘bipartisan market mechanism’ such as the National Energy Guarantee if his party wins power in 2019.

The fund has already raised more than $250m, mainly from Taiwanese life insurers, and will focus on attracting commitments from public pension funds over the next year.

CohnReznick Capital’s John Richardson argues that, while demand vastly exceeds the supply of projects, private capital is not funding an irrational growth story.