The $215m funding for Inspiration Mobility, made alongside Ferrovial, adds to a $200m commitment from Arclight to establish the company in November.
The bid values the London-listed company, which has a 6.3GW portfolio of power generating assets, at roughly $6.14bn and represents a 36% premium on its share price.
The new firm will seek to raise $1.5bn to invest across a range of subsectors, including water treatment, waste management, decarbonisation ‘anything that leads towards a net-zero economy’ Astarte’s Siokos says.
TPG is the last of Australia’s major telecommunications companies to sell off a stake in its portfolio of towers, and the only one not to retain at least a minority ownership stake in its assets.
After completing the $1.9bn financing for the 690MW project, Quinbrook co-founder David Scaysbrook expresses his confidence in the challenged solar sector.
The new tie-up comes after a recent attempt by a Brookfield-led consortium to take over the Australian energy giant and prevent the proposed demerger.
The Meridiam-led project reached an agreement with the State of Maryland to seal a new $2.7bn financial close and procure a new design-build contractor.
The sale, following the disposal of its Australian infra business to Dexus, will end AMP’s involvement in private markets funds management.
To answer that question, we probed industry insiders to find out whether carbon externality has been adequately priced in to AGL.
The firm’s decision to partner with South Korean company TopInfra to form new venture Aquila Development Partners marks a change in Aquila’s usual APAC approach.