Transactions Xcel Energy to sell 760MW natural gas–fired power plant to Southwest Generation Xcel Energy revealed that it is planning to sell the 760-megawatt Mankato Energy Center, a…
Investors Texas TRS commits $100m to Nova Infrastructure Co-Investment Partners III The Teacher Retirement System (TRS) of Texas approved a $100 million commitment to Nova Infrastructure…
Other Digital Realty powers on SIN12, its third data center in Singapore Digital Realty has officially “powered on” the 50-megawatt Digital Loyang II (SIN12), its third data…
From the Current Issue Making sense of the market: Infrastructure investors and consultants offer perspective by Chase McWhorter As of this writing (March 16), the equity markets are suffering the worst crash since 1987, central banks are using nearly every tool at their disposal and politicians are scrambling to provide more stimulus packages. In other words, panic seems to be the underlying decision-making emotion.
From the Current Issue Political headwinds: How populist movements could affect infrastructure investing by James Wallace Infrastructure investment is inherently political, and the partnership between institutional capital and national governments has always been a precarious balance. Across most advanced economies, the need for infrastructure renewal is enormous, following successive decades of underinvestment in the “big four” sectors — transportation, power, water and telecommunications. Globally, the required investment has reached $49 trillion during the coming decade, according to McKinsey & Company estimates.
Transactions MIRA closes acquisition of Goldman Sachs’ AirTrunk at $2.1b Macquarie Infrastructure and Real Assets (MIRA) and AirTrunk have announced the financial close of a…
Other ExxonMobil cuts capex by 30%, opex by 15% citing COVID-19 ExxonMobil said it is reducing its 2020 capital spending by 30 percent and lowering cash…
People Reid Capalino joins LS Power as a senior VP of business development Reid Capalino has been appointed as a senior vice president of business development at LS…
From the Current Issue A conversation with Michael Likosky on U.S. airport and infrastructure systems by Drew Campbell New York state has been a leader in the United States in innovative infrastructure investment, such as P3 and design-build — what is the approach, and what are some of the highlights and impacts of these efforts? When Governor Cuomo came to office in 2011, New York state’s infrastructure was degraded. We saw the impact of chronic underinvestment on not only the broader economy, but also on much of its citizenry. For decades, New York state had been razor focused on wealth maintenance, as had much of the country, rather than on broadening opportunity. Cuomo went at this underlying illness through a vision-driven massive investment in infrastructure throughout the state, which has sustained to this day. Our vast country is made up of laboratories of innovation. New York state is the sole laboratory focused on infrastructure-driven economic growth.
From the Current Issue Affordable housing: Shortage of affordable housing in U.S. hits crisis point by Nigel Wilson Editor’s note: This article was written before the global coronavirus crisis, but once we’re past it, the underlying shortage of affordable housing, although temporarily off our radar while dealing with said crisis, is likely to persist, as is the overall trajectory of real estate values. This is the first part of a two-part series on modern modular construction providing solutions to housing shortages. The prevailing narrative would have it that, currently, the United States is enjoying a high point in the long-running, ongoing, post–Great Recession recovery. Unemployment rates have hit an almost 50-year low, and the country has successfully bounced back from the financial crisis of the early aughts. However, viewed through the lens of the United States’ prolonged housing crisis, a wholly different picture emerges. This alternate reality is one in which the security of homeownership is elusive for many, not despite the return to prosperity, but perhaps in part because of it.