Zak Bentley
The deal is forecasted to provide a 10.3% return for the insurer, which is also considering a large biomass commitment.
The bank remains bullish on its investments in Turkey, this time helping to shore up the country’s growing vessel maintenance sector.
Swiss investor will target renewables and efficiency projects in Indonesia, Thailand, the Philippines and Vietnam.
Fresh from its involvement in the Green Investment Bank deal, the debt fund is eyeing new investments through the result of the placing.
Funds provided by CDP and the EIB have financed the Italian side of the 1.2GW interconnector, the world’s longest underground power line.
The landmark acquisition follows the firm’s maiden energy storage investment last month amid a £500m fundraise.
Paul Lester’s exit is the latest at the UK firm after co-founder Andrew Charlesworth left the company in May.
The Lancashire and London pension funds are keen to draw in other UK institutions to contribute to their infrastructure war chest.
Almost triple the size of its predecessor, the vehicle will look to invest across OECD markets and seek net returns of between 9% and 10%.
Backed by five debt providers, the funds will be used to expand two airports on the island won in a concession in 2015.