Zak Bentley
.jpg?id=19327353363 "Brexit group urges EIB replacement for infra")
The ICE-led body, chaired by Sir John Armitt, believes EIB membership needs to be retained but wants the creation of a UK investment bank should such efforts fail.
The €500m concession has attracted interest from 27 bidders, including the likes of IFM, Meridiam and Ferrovial.
The acquisition of the 10MW wind farm comes six weeks after a share placing that was significantly oversubscribed, raising £110m.
The vehicle is set to pursue a strategy largely similar to that of its mid-market predecessor, although it could be euro-denominated following robust interest from Japanese LPs.
The London-based manager is looking to broaden its investor base to the Middle East and Asia after receiving backing from UK pension funds.
The listed fund had to turn some investors away from its open offer due to the size of the demand for the placing, which was originally set at £250m.
The transaction is expected to be completed later this year after the European Commission asked the would-be buyer to withdraw Hamburg Süd from five trade routes.
The Spanish government is considering an appeal after it lost the first case against its renewable energy tariff cuts in international courts.
The Canadian institution has teamed up with regular partner Innergex to buy three projects with a capacity of 119.5MW from a subsidiary of Riverstone.
The UK pension becomes the rural broadband provider’s latest investor alongside existing backers Infracapital and Woodford Investment Management.