The private equity firm is seeding Virescent Infrastructure with five solar assets it acquired earlier this year from an Indian developer.
TPG Capital agreed to sell the US company Astound Broadband to Stonepeak and a management business called Patriot Media.
The ASX-listed firm is shifting attention to the US, where 14 of its 16 assets are located, to simplify its business and avoid Australian regulatory uncertainty.
The I Squared-backed company will invest an additional $95m in the assets over the course of the 30-year concession it was awarded.
After years of delays and recent months of legal wrangling, the private consortium selected to develop the $5.6bn light-rail project is walking away.
First Sentier’s Danny Latham said that investors are increasingly focused on ‘utility-style’ assets and that the firm has been pursuing Australian renewables for some time.
The Australian fund manager has taken a 75% stake in a new renewables platform alongside Engie and Mitsui, with 1.3GW of development assets in its pipeline.
The A$125bn superfund is trying to take fibre provider OptiComm private in a A$675m deal that follows three infrastructure investing themes quite closely.
The deal is the second investment for BlackRock’s Global Renewable Power III following a commitment to Belgian renewable developer Windvision in September.
The first transaction comes in the form of a A$130m senior syndicated loan facility, with capital funded via a separate account.