Ji Hyun Kim

The 67km toll road will be the first asset the Canadian pension will add to its Indian roads platform, which it launched and staffed last year.

Growth in renewables capacity, hampered by relatively high costs and public and political opposition, will be ‘largely insufficient’ for the country to end its reliance on coal and nuclear power, according to Fitch Solutions.

The firm has already deployed $1.8bn from Asia Pacific Infrastructure Investors, across six investments in Asia, including its first in the Philippines.

The country’s aviation sector will be the last to recover, but while the power segment has proved resilient, significant delays in receivables are worrying, S&P Global Ratings says.

Targeting a final close on $500m by 2021, the fund will invest in small and mid-sized renewables projects and developers in emerging Asia.

The sale of the largest energy storage system in South Korea marks another divestment from Equis Asia Fund II.

Part of the funds will go towards the $2bn the firm is looking to invest in renewables and waste infrastructure in APAC over the next two years.

The private equity firm is seeding Virescent Infrastructure with five solar assets it acquired earlier this year from an Indian developer.

The I Squared-backed company will invest an additional $95m in the assets over the course of the 30-year concession it was awarded.

The manager was originally targeting $1.75bn for its second mezzanine fund, expected to reach a final close as early as end of October.