Zak Bentley
Stephen Halliwell is taking on a newly created role at the firm, a proponent of the expansion of Gatwick Airport and the building of a great northern railway.
The UK company would use part of the proceeds to fund recent acquisitions and pursue a ‘pipeline of investment opportunities’.
The company is looking to divest its stakes in three offshore wind farms in the UK, one of which is operational.
The company has acquired Italy’s A4 Holding in its first investment in the country for a decade.
The initiative was supposed to be established on a statutory basis but was dropped when a bill was presented to Parliament.
The European Investment Bank led a consortium of four banks to finance 87% of the project.
The £224m project’s green light is the second major offshore wind approval since the formation of the new UK government.
Clean energy specialists Mark Dennison and Conrad Purcell have joined the UK firm’s infrastructure practice.
Canada’s Enbridge is set to conclude a $28bn deal to buy Spectra Energy that would value the combined business at $128bn.
The Chinese utility has bought a 23.6% stake in the country’s largest private power group after being knocked back in its bid for Ausgrid.