The new platform, which builds on IFM and Trafigura’s existing Impala Terminals business, could deploy $2bn in renewable energy generation.
The acquisition of the 15.3km toll road includes a minimum guarantee cash yield for MIRA’s listed fund for the remaining 27-year concession term.
The UK-based firm will fund the investment through one of its Asia real estate funds.
The fibre company has a growing presence in Europe and is also the largest active operator in South Africa.
The portfolio comprises six projects developed by Macquarie’s renewable energy platform Acacia.
The deal to develop and maintain 10 battery systems also marks the French firm’s first infrastructure investment in Canada.
The firm has taken a ‘sizeable minority position’ in UK-based Connexin and could use it as a platform for further growth in this sector.
GIG will invest around $11.6bn in the five projects, with the majority of funds coming from Korean institutional investors.
The conglomerate, which bid $843m for EMC Holdings, beat Goldman Sachs and Keppel Infra, with a view to improving sustainability of its own operations.
The Swedish manager has teamed up with Silo to help it ‘become a better and more selective investor’, founding partner Christian Doglia tells Infrastructure Investor.