Zak Bentley
The German firm has bought its largest project yet three months after holding a fifth close on its third renewables fund.
A majority of institutions that committed to the vehicle, which is already more than one-third deployed, are first-time investors in infrastructure debt.
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.
_2013%20(1)%2080.jpg "HICL seeking to raise up to £145m")
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.