Jordan Stutts

Costs have come down to $1.30 per watt for large-scale projects and $1.90 per watt for off-grid systems, fresh research shows.

The Dutch firm, which made the purchase through its €1.15bn fourth fund, recently launched a new vehicle targeting core infrastructure.

The German firm’s 2012 renewable energy fund is now deployed across nine assets in four countries.

The investment manager, which launched in 2015, has bolstered its regional offices with four senior management additions.

The acquisition comes a week after the investment manager’s subsidiary, The Renewables Infrastructure Group, purchased another Scottish wind farm.

At an event in New York, two of the US’ largest corporations agreed to use 100% renewable electricity by 2020.

Iona Capital received a £60m investment from two English pension funds last year to fund renewable energy projects.

Located in southern England, the plant is the 11th project Cubico has bought from British Solar Renewables in eight months.

This will be Amazon’s fifth renewable energy project in the US and continues the trend of tech giants powering data centres with wind and solar.

The two buyout firms have purchased three natural gas plants and a coal-fired facility at a time when US power prices are low, anticipating future increases.