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InfraRed eyes 1.5GW subsidy-free Spanish solar after $1.2bn fund close

Up to 12 projects will be developed over the coming years through the seventh investment of InfraRed’s fifth fund.

BlackRock divests French solar portfolio to Samsung-led consortium

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.

UK’s Octopus and Korea’s KIS launch $140m renewables JV

The UK asset manager plans more “bespoke renewables portfolios” in partnership with institutional investors across the globe.

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.

GIG makes Asian solar and storage push with Conergy deal

Macquarie’s green infra investment arm buys the development portfolio, which contains no operational sites, in its drive to build an Asia-Pacific platform.

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.

New Energy Solar acquisition ramps up Australian exposure

The Walsh & Co-managed entity has secured a 15-year PPA for 69% of Beryl Solar Farm’s output and is considering a battery installation to enhance risk-adjusted returns.

Longroad sells largest solar facility in Texas for $105m

The US-based renewables developer, backed by NZ Super and Infratil, is also proceeding with the construction of the 238MW Rio Bravo wind farm in the same state.

Antin awarded €112m after ‘unjustified’ Spanish solar cuts

The manager invested in the CSP sector in 2011 because it regarded it as ‘more sheltered from regulatory change’ than solar PV, which had been damaged by tariff cuts a year earlier.

High Australian electricity prices here to stay, report says

The Grattan Institute finds a correction from the historic oversupply in Australia’s energy market will ensure high wholesale prices will remain for a long time.

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