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The seven acquired projects include the largest solar park in Northern Ireland, generating 45MW. They were bought from German developer BayWa and became operational earlier this year.
The partnership with Biomass Group will initially aim to produce 150,000 tonnes of biomass pellets a year.
The pair, alongside Transmission Investment, fought off competition from Macquarie, HICL, Equitix and Balfour Beatty.
By combining 34 of its wind assets into newly formed Ventient Energy, the manager has created the UK’s third-largest onshore wind operator, with an installed capacity just shy of 700MW.
Tesla is delivering the 100MW energy storage facility less than 100 days since signing the contract.
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.
The firm’s strategy is aiming to provide an IRR of between 16% and 20% from investments in up to 15 projects.
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.
The new platform targets power transmission, new energy, as well as oil and gas sectors in the countries covered by the China-led initiative.
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.
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