Kotak Alternate Assets secures $590m for data center fund by Kali Persall | Feb 16, 2023 Kotak Alternate Assets, an arm of the Kotak Mahindra Bank, has completed the first closing of its Kotak Data Centre Fund at $590 million, according to multiple news sources. The fund is seeking to raise a total of $800 million.
Lotus Infrastructure Partners launches hydrogen subsidiary by Kali Persall | Feb 16, 2023 Lotus Infrastructure Partners, formerly known as Starwood Energy, has launched NeuVentus, a newly established platform focused on developing and delivering hydrogen pipeline transportation and salt cavern hydrogen-storage projects in North America.
Blackstone principal vacates role on infrastructure team by Kali Persall | Feb 16, 2023 Greg Stamas, a former principal at Blackstone, has left the company after five years.
AvSuper and Australian Retirement Trust mull merger agreement by Kali Persall | Feb 16, 2023 AvSuper and Australian Retirement Trust (ART) have inked a memorandum of understanding, exploring a merger of the two Australian superannuation funds. The agreement will kick off a due diligence period.
AXIS Capital outlines greenhouse-gas reduction goals by Kali Persall | Feb 16, 2023 AXIS Capital has committed to a 50 percent absolute reduction of Scope 1 and 2 greenhouse-gas emissions across its global operations by 2030.
Ford to build $3.5b electric vehicle battery plant in Michigan by Andrea Zander | Feb 16, 2023 Ford Motor Co. has plans to build a $3.5 billion factory, BlueOval Battery Park Michigan, in Michigan. It will add a second battery technology to Ford’s electric vehicle (EV) lineup.
Centerline Communications acquires Canada’s Pearson Pelletier Telecom by Kali Persall | Feb 15, 2023 Centerline Communications, a portfolio company of Audax Private Equity, is joining forces with Pearson Pelletier Telecom (PPT) in a strategic acquisition that will support increased demand for fiber and wireless networks across the combined company’s blue-chip customer base.
FirstEnergy subsidiary connects largest landfill solar project in North America to the grid by Released | Feb 15, 2023 Jersey Central Power & Light (JCP&L), a subsidiary of FirstEnergy Corp., has completed a grid connection for a 19.8-megawatt solar project located at a former landfill in Mount Olive, N.J. that is now delivering clean energy through FirstEnergy's transmission lines.
Jacobs, JASARA to deliver innovative urban development project in Saudi Arabia by Kali Persall | Feb 15, 2023 Jacobs, a Texas-based civil engineering firm, and JASARA, a Jacobs public investment fund and Aramco joint venture, have been appointed by NEOM Company to deliver an urban development project in Saudi Arabia known as THE LINE.
Blackstone sets sights on India for future infrastructure investment by Kali Persall | Feb 15, 2023 Blackstone is planning to funnel future infrastructure investments into India, one of the investment giant’s best-performing markets, according to Reuters.