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Up to 12 projects will be developed over the coming years through the seventh investment of InfraRed’s fifth fund.
APG and Corsair Capital have claimed victory in their bid for Itínere, although Globalvia insists its accepted bid in July remains valid.
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.
The vehicle - which has invested in Europe, the US and Australia - has garnered over €400m to date but is still open to further fundraising.
The German manager’s €500m ESPF4 vehicle has added five investors and expects to complete fundraising by the end of the year.
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