Ji Hyun Kim

A Global Infrastructure Partners-led consortium’s $10.1 billion purchase of a 49 percent stake in 38 gas pipelines in the UAE easily stands as 2020’s largest infrastructure deal to date.

The joint venture will see the Danish fund manager expand its footprint in Asia.

The four plants the Singapore-based developer intends to build are part of its plan to invest $2bn in infrastructure in Asia-Pacific over the next two years.

Japan will designate one or more promotion areas for offshore wind energy each year as it aims to derive 1.7% of its energy from the sector by 2030.

The country aims to attract $180bn from the private sector, which may be challenging due to legal uncertainties in land acquisition and contractual framework.

The UK oil major’s investment brings GGEF’s total to date to $410m, more than halfway towards its $700m target.  

The UK-based firm is funding the investment through its latest fund, NextPower III, which has raised around $280m and a target of $750m.

‘The country holds powerful potential’, the firm’s head of Asia-Pacific infra David Luboff said, citing its sizable population and ‘attractive PPP framework’.

The $10.8bn project will confirm details by July, although some current policies may slow down private investment in the country’s renewables PPP projects.

A two-year extension to the FiT framework and a direct PPA programme could lead to greater opportunities for the sector, according to Fitch, but grid access and bankability of projects remain a challenge.