Flurry of European terminal deals set to advance Inter Pipeline is planning to relaunch the sale of its European terminals business after it suspended the process due to the coronavirus pandemic, adding to a flurry of deal activity that is attracting infrastructure fund interest. Read More
Blackstone buys USD 1bn of infra secondaries from Alaska Strategic Partners, Blackstone’s secondary and fund solutions business, has acquired USD 1bn of infrastructure secondary interests from Alaska Permanent Fund Corporation (APFC), according to a source familiar with the matter. Read More
Macquarie-backed AUD 2.9bn water project starts market sounding Bowen River Utilities (BWU) will start a market-sounding exercise next month on delivery models for a AUD 2.9bn (USD 2.06bn) water project in north Queensland, said Managing Director John Cotter. Read More
Macquarie Capital Macquarie Capital’s PPP infrastructure division has further swelled its growing ranks of managing directors, promoting Alex Kornman and Juan Miguel Custodio to the new positions over recent days. Read More
AMP Capital’s new boss shakes up infra team AMP Capital’s global head of debt, Andrew Jones, is leaving after 20 years at the fund manager amid a major restructure of leadership by new CEO Boe Pahari, it was announced today. Read More
Melbourne Airport prepares for second COVID-19 storm Melbourne Airport said today it can survive a second wave of COVID-19 infections in the city as it reported a 95.1% fall in passengers passing through the airport in June. Read More
Arcus hires director from Wren House Arcus Infrastructure has hired Feriel Feghoul from Wren House Infrastructure as a senior investment director and is looking to expand its team further this year. Read More
Japan prepares major offshore wind splash Japan chose not to revise its renewable energy goal in 2018 but a government decision earlier this month to suspend aging coal-fired power plants has paved the way for the introduction of a long-term offshore wind target later this year, Hiroyuki Kachi reports Read More
International consortiums exploring bids for Virginia toll road Preliminary bids for the Elizabeth River Crossings Midtown Tunnel come due on 5 August, said two sources close to the situation. Read More
Japan public-private fund invests in Houston-Dallas High Speed Railway Japan’s government-private fund specializing in overseas infrastructure investments has agreed to inject an additional JPY 2.9bn (USD 27m) into the Texas High-Speed Railway project. Read More
John Laing re-cuts Australian renewables portfolio sale UK infrastructure investor John Laing has asked bidders to re-submit offers for its Australian renewable energy portfolio by this Friday after deciding to sell the wind and solar assets separately, said four sources close to the process. Read More
KKR looks to launch super-core infra fund KKR is set to launch a new super-core infrastructure investment strategy. The New York-headquartered investment manager has begun talking to limited partners in its existing infrastructure funds about investing in a debut super-core fund, SparkSpread has learned. Read More
Engie and CDPQ acquire the remaining 10% of TAG French power company ENGIE and Canadian pension fund CDPQ have acquired the remaining 10% stake in Transportadora Associada de Gás S.A. (TAG) from Petrobras for BRL 1bn (USD 190m). Read More
Bidders circle China Three Gorges portfolio The Netherlands' APG Asset Management, Singapore's GIC and the Hong Kong Monetary Authority (HKMA) are among bidders for a minority stake in China Three Gorges' global portfolio, according to sources familiar with the matter. Read More
US battery storage outfit appoints Onpeak Capital Battery storage company Key Capture Energy has retained Onpeak Capital to advise on a corporate equity raise. Read More
Investors quietly shop stake in Linden Cogen power plant Ares Management Corp. and Oaktree Capital Group have quietly put up for sale their equity interests in Linden Cogen, a 974.1 MW natural gas-fired power plant located in New Jersey. Read More
Vietnam to invite bids for North-South Expressway PPPs Vietnam will issue an invitation for bids for five road PPPs, which are part of the North-South Expressway, over the next few days, Nhan Dan, an official publication from the Communist Party of Vietnam, said yesterday. Read More
LA Metro pursuing USD 1.4bn TIFIA refi Los Angeles County Metropolitan Transportation Authority (LA Metro) has hired advisors to explore a USD 1.4bn refinancing of TIFIA loans backing four different LRT projects. Read More
Asia's largest desalination project contractor seeks investors PowerChina today said it has begun the process to sell stakes in 10 key subsidiaries, including Asia's largest desalination project contractor by market share. Read More
Beijing Enterprises eyes renewables investments in mature overseas markets The renewable energy offshoot of Beijing Enterprises is looking to expand its overseas portfolio with a focus on mature markets, a spokesperson told Inframation. Read More
India's NIIF and NTPC to explore energy investment opportunities Indian power generation firm NTPC and the National Investment and Infrastructure Fund (NIIF) will jointly explore investment opportunities in the renewable energy and power generation sectors. Read More
Ares backs USD 100m commercial solar venture Ares Management Corp.’s Infrastructure and Power strategy has formed a partnership to provide more than USD 100m in commercial solar loans. Read More
Ecuador extends renewable tenders deadline due to Covid-19 outbreak The Ministry of Energy and Non-Renewable Natural Resources in Ecuador has postponed the tenders for two renewable projects due to the high impact the coronavirus crisis is having on the country, the Ministry said on 10 July. Read More
CPPIB plans to increase Brazilian infrastructure investments CPP Investments (CPPIB) plans to expand its investments in the Brazilian infrastructure market and is looking for partners, said Head of Latin America Rodolfo Spielmann. Read More
Apollo files second infrastructure fund Apollo Global Management filed a Form D for its second fund, Apollo Infrastructure Opportunities Fund II LP, on 9 July. Read More
Queensland Labor moves to prevent infrastructure sell-off Queensland’s Labor government will use its new Future Fund to buy up unregulated public infrastructure to help pay off debt and prevent the assets from being privatised, it said today. Read More
Orsted signs largest corporate renewables PPA Denmark's Orsted and Taiwan-based semiconductor company TSMC yesterday said that they have signed a 920 MW corporate power purchase agreement (PPA), which they said is the largest renewables corporate PPA ever. Read More
Colombian highway project closing on financing after lengthy delays The Alternativas Viales SPV is due to close project financing in the next few months for the USD 140m Cambao-Manizales highway project, said four sources familiar with the situation. Read More
Toesca announces sale of 49% highway stake Chilean infrastructure asset manager Toesca has signed an agreement to sell its 49% stake in the Sociedad Concesionaria Ruta del Algarrobo highway, according to a 9 July stock exchange filing. Read More
Partners Group takes control of undersea cable company following dispute Asset manager Partners Group has taken full control of the Seabras 1 subsea fiber optic cable project, following the resolution of a legal dispute, according to an 8 July press release. Read More
Foresight to buy Pensions Infrastructure Platform Foresight has increased its assets under management (AuM) by nearly 40% and added transport to its portfolio for the first time with the agreed acquisition of the Pensions Infrastructure Platform (PiP). Read More
ENGIE final bids due in three weeks Final bids for ENGIE and Mitsui's Australian renewables portfolio are due at the end of this month, according to sources close to the process. Read More
Starwood sells W. Va. district energy business Starwood Energy Group Global has agreed to sell a district energy system in West Virginia to an entity backed by Antin Infrastructure Partners. Read More
CapDyn partners with Tenaska on 4.8 GW solar portfolio Tenaska has brought in Capital Dynamics as a partner to develop a 4.8 GW portfolio of 24 solar projects located in the Midwest and Southeast. Read More
SMBC infra team takes on new vice president Pei Hua Yeap, formerly an associate director at Singapore-based renewables developer Nexif Energy, has joined SMBC Principal Investments (Infrastructure Equity) as a vice president. Read More
Evercore Power & utilities head exits advisory outfit Laurie Coben, senior managing director and head of the power & utilities investment banking group at Evercore in New York, is leaving the firm, according to three industry sources. Read More
Victoria scraps Suburban Roads upgrade PPP Victoria’s AUD 2.2bn (USD 1.53bn) arterial roads PPP has been cancelled, with the government citing the need to favour smaller, local builders, it was announced today. Read More
Copenhagen Infrastructure Partners plans 1GW Japanese offshore project Copenhagen Infrastructure Partners is planning to develop a 1 GW wind project off the coast of Ishikari City and Otaru city in Hokkaido in northern Japan. Read More
DIF Capital Partners puts Calif. solar parks up for sale European fund manager DIF Capital Partners has put up for sale its half stake in a pair of California solar parks it co-owns with EDP Renewables. Read More
GIP to contribute to Colombian port financing US-based infrastructure fund manager Global Infrastructure Partners (GIP) is preparing a USD 110m loan for the USD 650m Puerto Antioquia port project in Colombia, according to two sources close to the matter. Read More
PKF Francis Clark launches battery project sale PKF Francis Clark has initiated the sale of 16 MW battery project in Northern Ireland. Read More
Balfour Beatty mulls EfW plant stake sale Balfour Beatty is mulling a sale of its 49.5% stake in the Javelin energy from waste (EfW) plant in the west of England amid an ongoing High Court case over whether a PPP contract to deliver the plant was awarded unlawfully, SparkSpread has learned. Read More
Engie, Mirova team signs EUR 610m hydro financing A consortium of ENGIE, Credit Agricole Assurances and Mirova has signed a EUR 610m debt package to finance the acquisition of a 1.7 GW portfolio of hydroelectric assets in Portugal. Read More
EQT lowers offer for Metlifecare Metlifecare has received a revised offer from EQT Infrastructure’s Asia Pacific Village Group (APVG). Read More
How APG got an edge in acquiring core infra For years, the largest Dutch pension fund investor APG has leveraged its LP positions to build knowledge on assets and get a headstart on other interested parties. As it scales up to acquire utilities and telecoms, it may be forced to join a more crowded market competing on price. Colin Leopold reports Read
PLPT disputes Maryland claims of 'concessionaire default' Purple Line Transit Partners (PLTP) refuted Maryland transportation agency claims that it defaulted on the public-private partnership (P3) light rail project contract, according to an Electronic Municipal Market Access (EMMA) filing. Read More
First Sentier bids for John Laing Australia renewables business First Sentier Investors has filed an indicative bid for UK Infrastructure investor John Laing's Australian renewables business, according to a source close. Read More
3i among likely bidders for Portuguese road concession Infrastructure investors including 3i Infrastructure and infra fund-backed road operators are considering bidding for a major Portuguese road concession put up for sale by a consortium including ACS, sources said. Read More
GPIF nearly doubles global infrastructure exposure Japan’s Government Pension Investment Fund (GPIF) nearly doubled its global exposure to infrastructure assets during the fiscal year through March 2020. Read More
Infranode team pays over 30x for Finnish heating network Infranode has made another move into Scandinavian district heating, joining a consortium to buy a local network in southern Finland from energy giant Fortum. Read More
Australian funds bid for John Laing renewables portfolio UK Infrastructure investor John Laing has received indicative offers from at least four Australian infrastructure fund managers for its renewable energy portfolio, according to four sources close to the process. Read More
SunLife closes majority buyout of InfraRed SunLife Financial closed on its 80% purchase of InfraRed Capital Partners, the firms said on 1 July. InfraRed will remain a distinct business under SLC Management, an alternatives manager of Sun Life. Read More
TPG acquires 1 GW trans-Atlantic solar portfolio A TPG-backed fund has acquired a 1 GW portfolio of solar parks and development projects in Europe and Latin America from China’s Trina Solar and formed a new solar investment platform. Read More
Stonepeak backs new APAC focused data center platform Stonepeak Infrastructure Partners is backing an Asia-Pacific focused data center platform, said three sources familiar with the situation. Read More
Thames Water faces “material impact” from COVID-19 Infrastructure fund-backed Thames Water said it expects to take a financial hit from the coronavirus outbreak as households and businesses struggle to pay bills and home working hits demand from business customers. Read More
Korean investors team up for Conn. gas-fired project Korea Western Power and KDB Kiamco today said they will invest in the USD 800m Killingly combined-cycle gas turbine power project in Connecticut. Read More
Meridiam wins GBP 1.5bn Welsh schools PPP Meridiam has been selected as preferred bidder for the Welsh government’s GBP 1.5bn schools programme, marking its second PPP win in the country this month. Read More
Brookfield Eyes European Offshore Wind Investment Canadian investment firm Brookfield Asset Management in understood to be in talks to buy into the 320 MW Oriel offshore wind project off the east coast of the Republic of Ireland, SparkSpread has learned. Read More
