Kalliope Gourntis
The new company that currently has a pipeline exceeding 4GW of solar projects in Europe, brings together a commodities and energy trading house, an asset manager and a solar developer.
Ian Berry will be joined by former colleagues ‘in the near future’ to establish the business and develop a pipeline of investment opportunities.
The US may be lagging Europe in terms of renewables penetration, but with greater exposure to and more experience in managing merchant risk, it can provide higher returns, attracting European investors as a result.
The asset class may not have been completely immune to covid's impact but with only a 15% dip compared with 2019, it certainly pulled through nicely.
The Munich-based asset manager has deployed roughly 40% of the infrastructure equity fund – a hybrid vehicle that will invest in other funds, secondaries but also directly via co-investments.
Rather than fade into the background in light of covid, climate change and sustainability have dominated the conversation – and efforts – this year. We expect that will continue next year as well.
The Danish fund manager has agreed to sell a 25% stake to the wind turbine manufacturer to accelerate its own growth which includes launching a new energy transition fund next year.
In addition to the $2.34bn raised, investors, which now include PSP Investments and the US development finance institution, will also have $3bn in co-investment rights.
‘The asset class has proven its resilience' is the consensus six fund managers we caught up with reached, expressing their optimism for the future of infrastructure.
The Canadian firm has already made four seed investments from BID II, which it raised in a little over a year.