Zak Bentley
The asset manager will buy six solar plants with a combined 35MW capacity, two months after reaching a €115m first close on the vehicle.
The move is the German firm’s third in the sector and its second with PGGM-backed developer UPP.
After years of drought, the country’s renewable energy sector seems to be on the up once again, although the solar industry is braced for disappointment.
The deal, secured through the Infracapital Partners II fund, sees the UK firm acquire Duon just a year after vendor Fortum bought into the company.
The transaction, also backed by Germany’s Deutsche Telekom Capital Partners, ensures Cellnex becomes Switzerland’s first independent operator of mobile telco infrastructure.
Following lengthy coalition battles, the government has agreed to set up a federal road infrastructure company free from private capital and imposed additional limits on PPPs.
A group of UK local authority pension funds will acquire the stake in a planned deal which could sow the seeds for future transactions.
The firm has provided mezzanine debt to a portfolio of 43 assets in a sector increasingly favoured by institutional investors.
The deal brings Luxcara’s portfolio to nearly 800MW and builds on a 111.2MW Norwegian project the firm purchased last year.
The strategic review of the airport, currently undergoing a €2.7bn expansion, comes as MEIF3 edges towards maturity.