Zak Bentley
The pair are aiming to deploy 100MW of solar across the US and have already begun construction on the first set of assets.
The investment firm is in discussions with existing and new investors ahead of its first acquisition drive in the UK solar market.
_2013%20(1)%2080.jpg?id=19327366948 "AXA IM buys into France’s A63 motorway")
The acquisition from InfraRed comes as AXA’s real assets division seeks to complement its property portfolio with a greater exposure to infrastructure.
A deal agreed by Ancala to buy UK water company Dee Valley has been cancelled after the latter received a higher offer by Severn Trent by £7.2m.
The Swiss firm’s second renewable energy fund has acquired its largest wind asset yet, bringing the total capital it has deployed to nearly €140m.
AREF2 attracted €50m more than expected and has already purchased its first project, a 13MW wind farm in Sweden.
The London-listed fund has also recorded a £13.4m increase in its NAV following foreign exchange movements amid sterling’s depreciation.
The firm has agreed to take a 49% stake in nine projects being developed by Valeco in its largest deal to date.
The Swiss manager hailed the deal as ‘unique’ after institutional capital was used to fund a lighting upgrade in the SME sector for the first time.
A joint venture set up by the pair has bought the entire 60MW Italian solar portfolio of Canadian-listed developer Etrion.