Brazilian 1.6GW power plant sells for $2.16b by Kali Persall | Jun 1, 2022 New Fortress Energy and its joint venture partner Ebrasil Energia Ltda. and its shareholders, have entered into a definitive share purchase agreement (SPA) with Brazilian power company Eneva S.A., whereby Eneva will acquire 100 percent of the equity interests of the Porto de Sergipe Power Plant for R$6.1 billion ($1.29 billion).
GIC and Greystar announce acquisition of Student Roost from Brookfield by Andrea Zander | Jun 1, 2022 GIC and Greystar Real Estate Partners have formed a joint venture that has signed an agreement to acquire Student Roost, the U.K.’s third-largest purpose-built student accommodation (PBSA) provider from one of Brookfield’s real estate private funds. The transaction is expected to close in the third quarter of 2022 and is subject to customary closing conditions.
CIM Group invests $355m in Novva Data Centers by Andrea Zander | Jun 1, 2022 Novva Data Centers has announced agreement on additional investment of up to $355 million in capital from CIM Group, bringing the company’s total equity commitment to Novva to $450 million in just over two years.
Aligning with managers: Fund managers can be a key ingredient for success by Chris Anderson | Jun 1, 2022 To an institutional investor, a fund manager can be a key ingredient for success. Offering insight, expertise and added value, the manager will oversee the portfolio on the investor’s behalf, maximizing its potential, and tailoring their services to specific needs.
The search for yield: What is considered a good investment yield today, and how do investors find these opportunities? by Mard Naman | Jun 1, 2022 Income yield and capital appreciation have long been hallmarks of infrastructure investments, but the search for yield has become more challenging as demand for infrastructure investments drives up prices and lowers return potential.
GRESB sustainability trends: Implementation of environmental actions toward greenhouse-gas emissions reductions and net zero by Tyler Guthrie and Fabio Manfroni | Jun 1, 2022 In the March edition of Institutional Investing in Infrastructure (i3), we looked at data from the most recent GRESB Infrastructure Assessments to highlight the various greenhouse gas emission (GHG) emission targets that participating funds and assets had set for themselves.
Macquarie closes third Asia-Pacific regional infrastructure fund above $3b target by Kali Persall | May 31, 2022 Macquarie Asia-Pacific Infrastructure Fund 3, the third Asia-Pacific regional infrastructure fund managed by Macquarie Asset Management, has closed with more than $4.2 billion in investor commitments, exceeding its $3 billion fundraising target.
John Howells takes up energy/infrastructure role at Gerald Eve by Kali Persall | May 31, 2022 John Howells has joined real estate advisory business Gerald Eve as an energy and infrastructure partner in the firm’s industrial and logistics team.
Hyundai discloses massive EV spend in South Korea by Kali Persall | May 31, 2022 Hyundai Motor Group has unveiled plans to invest $16.5 billion over the next eight years in the production of electric vehicles in South Korea, according to various news sources.
PPL Corp. acquires Rhode Island’s primary electric and natural gas utility by Denise Moose | May 31, 2022 PPL Corp. announced it has completed its acquisition of The Narragansett Electric Co. from National Grid for approximately $3.8 billion, net of purchase price adjustments, following receipt of all necessary approvals.
Aegis Vopak Terminals partnership reaches completion by Released | May 31, 2022 Aegis Vopak Terminals announced the completion of a partnership where it will become the largest independent tank storage company for LPG and chemicals in India. LPG is earmarked by the Indian government to provide cleaner and safer cooking fuels for households.
Cheniere and POSCO International sign long-term LNG sale and purchase agreement by Denise Moose | May 31, 2022 Cheniere Energy announced that its subsidiary, Cheniere Marketing, has entered into a liquefied natural gas (LNG) sale and purchase agreement (SPA) with POSCO International Corp., a subsidiary of POSCO Holdings, South Korea’s largest steelmaker and owner of South Korea’s first private LNG terminal.
AltaGas sells Alaskan utilities to TriSummit Utilities for $800m by Denise Moose | May 31, 2022 AltaGas announced an agreement to sell its Alaskan Utilities to TriSummit Utilities for $800 million.
AIIB and OPEC Fund advance partnership for global infrastructure funding by Denise Moose | May 31, 2022 The Asian Infrastructure Investment Bank and the OPEC Fund for International Development signed a memorandum of understanding to expand their operational and strategic cooperation to finance global public- and private-sector projects, promoting sustainable, resilient and high-standard infrastructure development.
Listed infrastructure companies announce energy and transportation transactions by Drew Campbell | May 31, 2022 Listed infrastructure companies have announced several notable transactions during the past two weeks.
