Nia Tam
The clean energy financier is investing over $110m in IFM’s Australian infrastructure fund to cut carbon emissions of the assets in its $9.3bn portfolio.
Asia’s economic outlook remains strong – 6% GDP growth is expected in 2018 – and the region is well positioned to withstand any external shocks, the Asian Development Bank finds in its latest annual report.
The Chinese fund manager is acquiring Boreal Group, which saw EBITDA growth of 285% during Cube’s seven-year ownership.
The $100bn development bank kicks off its strategy for building up its deal origination capacity within the next two years.
The super fund is paying around $77m to acquire a stake in Bright Energy Investments, a 210MW portfolio of wind and solar assets in West Australia.
Brownfield refinancing products and credit-enhanced greenfield structures are likely to prove attractive to institutions as the regional market matures, says Moody’s.
Investors should explore opportunities under the China-led One Belt One Road initiative with a long-term view, as China looks to build an ecosystem for trade, argues CLSA’s Alexious Lee.
The power sector could save $16bn a year if it addresses issues such as power theft, high subsidies and massive overstaffing a Bank of America Merrill Lynch study finds.
The emerging markets-focused fund manager is selling Ostro Energy to CPPIB-backed ReNew Power for $1.5bn.
More than 20 LPs are backing the 10-year vehicle, which closed on its hard-cap.