Zak Bentley
Opportunities remain in Britain though, with the fund seeking £100m to part-finance a pipeline that totals about 600MW.
Macquarie’s possible sale of the airport has led the government to consider strengthening investment laws as a domestic pension circles the asset.
The pair scooped the projects for their €467m wind fund in Russia’s latest renewables auction and may look to sell them on within the next five years.
Backed by Infracapital and InfraRed, the Swansea lagoon was recommended by an independent review in January but has since been waiting for a government response.
Renvico is eyeing a consolidation of its Europe-wide portfolio with the addition of both greenfield and brownfield investments.
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The former transport minister stressed the apolitical nature of infrastructure legislation and said major projects remain in place.
The concessions are expected to form part of what Saudi officials tout as a $200bn infrastructure privatisation programme, with all 27 of the country’s airports to be divested by 2020.
The fund has also agreed deals for a further 17MW, bringing its total portfolio to over 500MW of capacity.
The investment was made by Gravis Capital Partners’ Asset Backed Income Fund, following a recent share issue.
The fresh equity issue builds on the fund’s first open offer in four years held in March as it seeks to finance its investment pipeline.