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

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

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

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

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

Naturgy working with Citi to sell power subsidiary Spanish listed-energy company Naturgy is working with Citi to prepare a sale of all or part of its power business Global Power Generation (GPG), said three sources familiar and two sources close to the situation. 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

KKR to buy 11.9% of First Gen for USD 192m Investment firm KKR today said it is set to make its first infrastructure investment in the Philippines with the purchase of an 11.9% stake in First Gen Corporation. Read More

Basalt fund to acquire US midstream assets Basalt Infrastructure Partners, via its second fund, has agreed to acquire a portfolio of natural gas transmission assets from a subsidiary of Third Coast Midstream LLC. Read More

Three named in shortlist for Melbourne waste tender Three candidates were today named in a shortlist for Melbourne’s Advanced Waste Processing tender. Veolia Environmental Services Australia; Sacyr Environment Australia; and a consortium of REMONDIS and CIMIC’s Pacific Partnerships were among 30 entities that submitted expressions

Former Inverlink VP takes up new role at John Laing Colombian investment banker Estefanía León has joined developer John Laing as an Investment Director. Read More

New South Wales gets another AUD 1bn for infrastructure New South Wales will receive another AUD 1bn (USD 690m) in infrastructure funding from the state and Australian federal governments, it was announced today. Read More

Teams shortlisted for Georgia Department of Transportation USD 1.3bn SR-400 The Georgia Department of Transportation (GDOT) has shortlisted three teams for the USD 1.3bn SR-400 Express Lanes project, said three sources familiar with the situation. The teams are as follows: Read More

Details emerge of solar C&I sale process Details have emerged of a solar commercial and industrial (C&I) business that Exelon subsidiary Constellation recently put up for sale. Read More

SunEast Renewables LLC puts 257 MW solar portfolio up for sale SunEast Renewables LLC has put up for sale a 257 MW (ac) portfolio of contracted solar projects located in New York state. Read More

IFM and Brookfield team up for Shell's Queensland assets IFM Investors and Brookfield will bid together for the USD 2.5bn (AUD 3.6bn) sale of shared Queensland Curtis LNG infrastructure assets, according to three sources familiar. Read More

Amber Infra hires to bolster CEE team Amber Infrastructure is building its central-eastern Europe (CEE) team with two new hires, although it lost one of its London-based digital team’s directors. Read More

QCLNG indicative bids near Shell has called for indicative bids by late July for the USD 2.5bn (AUD 3.6bn) sale of shared infrastructure at its Queensland Curtis LNG plant (QCLNG), four sources familiar said. Read More

Northland Power signs CAD 465m holdco financing for distribution company Canada’s Northland Power has agreed terms on a CAD 465m (USD 340.5m) financing package to refinance debt associated with Empresa de Energia de Boyacá (EBSA) in Colombia. Read More

Why LatAm governments keep flip-flopping on renewables The latest legislation in Mexico to limit renewable energy investment is part of a wider trend of Latin American governments changing tack on policy. Considering six of the largest markets in the region, only Brazil and Colombia now appear in play. Juan Pereira, Giulio Comellini and Colin

Singapore's Keppel Corporation and Japan's Mitsubishi Heavy Industries have agreed to look at the feasibility of building hydrogen-powered plants to supply data centres in the city-state. One of the projects that could benefit from the plant is a proposed floating data centre park (FDCP) in the eastern part of Singapore, Keppel said today

A Meridiam and FCC consortium has been selected as preferred bidder for the GBP 500m A465 road, the first Welsh scheme to be procured under the Mutual Investment Model (MIM). The Welsh government notified the bidders of their selection on Thursday (18 June) evening, two sources close said. Read More

Plenary Infrastructure Philadelphia (PIP) has been selected to DBFOM the Philadelphia 30th Street Station P3, Amtrak announced on 18 June. The consortium is composed of Plenary Americas, Gilbane Building Company, Johnson Controls Inc., Vantage Airport Group, AOM, Arora and AKRF. Read More

Restrictions imposed by monoline lender MBIA are forcing a Brookfield-related holding company to issue UF 326,000 (USD 11.4m) in additional notes to pay additional dividends, according to a Feller Rate rating release. The decision to raise new debt on the holdco led Feller Rate to put Brookfield Americas Infrastructure Holdings Chile I on ‘negative

Diode Ventures and Enfinite Capital are preparing to sell equity and raise debt for a solar project near Tainan City, Taiwan, which is upwards of 120 MW in size, according to three sources familiar. Controlled by Kansas-based firm Black & Veatch, Diode Ventures provides turnkey asset development solutions on renewables. Enfinite is a US-based

A pair of combined-cycle gas turbine power plants in the Northeast have filed for Chapter 11 bankruptcy protection. The two plants, Athens (994 MW) in New York; and Millennium (335 MW) in Massachusetts, are owned by Northeast Gas Generation, LLC, a subsidiary of Talen Energy.  Read More

Spanish utility Iberdrola is poised to make an off-market takeover bid for Infigen Energy after entering into a bid implementation agreement with the Australian renewable developer. Iberdrola today announced the AUD 86 cents per security cash offer from its Australian subsidiary, that values Infigen at AUD 840.6m (USD 577m) and is a 54.2%

Credit rating agency S&P today downgraded Melbourne, Wellington and Christchurch airports, labelling as negative their outlook and that of four others at Adelaide, Brisbane, Perth and Sydney. It reduced the rating for Melbourne Airport to BBB+, outlook negative from A-minus, which was the highest in Australia. The airport is held by Australia

Mexican renewable project developer REPSA is seeking a joint venture partner to develop a renewables platform in the country, according to a source close to the situation. The San Luís Potosí-based developer has a portfolio of in-development solar and wind projects, with a combined capacity of approximately 350 MW. The purpose of the joint venture

The shareholders behind London energy-from-waste (EfW) business Cory Riverside are considering bidding as a consortium for Wheelabrator Technologies’ portfolio of UK assets, in a move that would give them unrivalled incinerator coverage in southeast England. The consortium, Semperian, Fiera, Swiss Life and Dalmore, which has not yet hired

Two bankers have left the project and infrastructure group at Investec in New York. They are Ren Plastina, who led Investec’s cleantech and public infrastructure financing activities; and Parag Patel, who joined from the project finance group at Societe Generale in 2018. Read More

HSBC has agreed to finance a China Railway Construction Corporation-led consortium's project to build a 145km railway line in the United Arab Emirates. The lender has structured and financed a USD 558m package for the project, which is being built by a joint venture between CRCC and National Projects Construction (NPC), according to an HSBC

Fifteen large infrastructure projects in Australia worth about AUD 72bn (USD 49bn) will be fast tracked to help the country recover from the pandemic, Prime Minister, Scott Morrison said today. They include the AUD 10bn (USD 6.8bn), 1,700km Inland Rail from Melbourne to Brisbane, the AUD 3.5bn Marinus Link - a second undersea electricity interconnector

Singapore’s Minister for Trade and Industry Chan Chun Sing said in a speech yesterday that the city-state remains committed to developing infrastructure projects, including a new terminal at Changi Airport, despite the coronavirus crisis. “We will press on to build our infrastructure to reinforce our position as a choice hub for business,

Mitsui de México has mandated Morgan Stanley to sell its stakes in six gas-fired power plants in the country, according to three sources familiar with the situation. The sources could not provide a timeline for the sale process. Read More

Investors are lining up to vie for a major Portuguese motorway concession set to be sold by an Iridium-backed consortium, sources said. PSP Investments-owned ROADIS, Portuguese infrastructure fund TIIC, and DIF are considering submitting separate non-binding bids for the Baixo-Alentejo highway PPP in southern Portugal, said the sources close

AES Gener is seeking an equity partner for a Chilean renewable energy investment platform, according to two sources familiar with the process. Local financial services firm LarrainVial is advising AES Gener on the search for an equity partner for the platform. Read More

After more than a decade, global developer Mainstream Renewable Power is selling the business as growth in Asia and offshore wind takes off. But the location of its projects and having almost 10GW still under development may spook certain buyers. David Craik and Colin Leopold report In Irish mythology Danu is the Mother of all Gods, associated

John Holland has created a new major projects division for infrastructure work in a shakeup of its business in Australia and Asia, it announced today. The Chinese-owned Australian builder said also that its operations in South East Asia would refocus on delivering existing projects and review its ongoing investment. A spokesperson said

Bidders are beginning to line up ahead of the sale of Wheelabrator Technologies’ UK energy from waste (EfW) assets in the second half of 2020. First State Investments and Equitix are both organising bids for the mixed operational and development-phase portfolio, which Macquarie Infrastructure & Real Assets first earmarked for sale in February

China's State Power Investment Corp. has pulled out of the bidding for John Laing's Australian renewables business, just days after choosing Standard Chartered as its advisor, according to two sources close to the situation. SPIC is concerned about potential regulatory obstacles, according to one of the sources, who added that the company

Singapore-based Bruce Crane, Managing Director and Head of Asian Infrastructure at OMERS Infrastructure, has quit and is preparing to join Ontario Teachers Pension Plan in a similar role, according to sources familiar with the situation. OMERS employees were informed of the change last week, one of the sources said. Read More

I Squared Capital has launched its third global infrastructure fund with a target of USD 12bn, USD 5bn more than its previous fund’s hard cap, four sources close to the development said.   The Miami-headquartered infrastructure manager, which was founded in 2012 by former Morgan Stanley Infrastructure employees, launched ISQ Global Infrastructure

Melbourne-based Rob MacIsaac, managing director and head of project finance at MUFG, said he left the company last month. MacIsaac was with MUFG for 30 years, including nine years as head of project finance in Oceania. Read More

Morrison & Co is expected to pick a buyer for its Public Infrastructure Partners Fund I (PIP I) before the end of the month, four sources familiar with the situation said. Final bids were lodged at the end of May. Two Korean consortia led by KDB KIAMCO and Korean Teachers Mutual Fund have now been shortlisted, the sources said. One source said

Kuala Lumpur-listed Sunway Construction and French energy firm ENGIE will launch a joint venture to develop district cooling projects in Malaysia, Sunway said yesterday. Both firms are working on the details of the agreement and the official launch of the partnership will take place in the next two months, a spokesperson for Sunway Construction

A mix of Canadian infrastructure investors is vying for the Detroit River Tunnel as the process advances to the second round, said two sources familiar with the situation. DIF and InstarAGF are expected in the mix, said those sources. Axium did not advance to the second round, said a third source. Read More

Transurban has detailed months of claims by the builders of the Westgate Tunnel PPP in Melbourne against it and the state of Victoria, in an injunction against the builders. Transurban WGT Co., on Friday, took action in the Supreme Court of Victoria against a joint venture between CPB Contractors and John Holland that is building the AUD 6.7bn