Zak Bentley
The listed solar fund has picked up a further 28MW for its 467MW-strong portfolio while parent company NextEnergy Capital has also secured the refinancing of a recently bought portfolio in Italy.
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The Dutch firm’s successor to its €300m Netherlands-focused vehicle will invest predominantly in fibre optic networks in Germany as it reaches a €100m first close.
Targeting operational projects in Europe, the fund has been seeded with a €40m contribution from 3i and a portfolio of 11 assets.
The mid-market manager has deployed batteries on 10 of its installed solar parks in tandem with developer and previous partner Anesco.
The projects, all located in Norway, produce about 70GWh of power per year and add to the company’s growing presence in the Nordics.
Seeded by the IFC with $325m, the fund targeting institutional investors is looking to be fully invested in emerging markets within seven years.
Teaming up with other Asian investors and a Russian private equity fund, the consortium is believed to have paid €250m for the 25% stake.
Pamplona Capital’s sale of Beacon Rail comes just under three years after the UK company paid $450m to acquire the firm.
The Australian manager has committed to investing £3bn through the UK Green Investment Bank over the next three years, with around £230m of assets expected to be sold.
The Australian firm follows Macquarie and State Super in divesting from the utility, although it will retain a 5.3% ownership.