Zak Bentley
.jpg?id=12885379136 "Sojitz-led Japanese group buys Irish wind projects")
Consortium buys a majority stake in HgCapital-owned Invis Energy’s 223MW portfolio, amid plans for further development across Europe.
The pair have announced their second deal together in just over five weeks as they seek to consolidate a fragmented sector.
With more than $5bn of deals transacted since May, investors are waking up to car parks' yield-generating potential and stable cashflows.
The projects are some of the first to be financed under France’s new renewables regime.
The deal by MEIF5 comes about two weeks after MEIF2 sold its interest in National Car Parks.
The British fund manager has bought a majority stake in Eteck, its second investment in the Netherlands.
There is ongoing legal action against the Spanish government relating to the two projects sold to Cubico.
The AMP-managed vehicle is eyeing an expansion into Europe through the acquisition of Irish broadband provider enet.
The firm has raised €800m in co-investment capital alongside the vehicle, which had a €2bn target and is targeting a net IRR of 10%.
Borealis has increased its stake to 23% of the UK’s largest water firm, four months after a £1.3bn deal to become the largest shareholder.