Exclusives

SunEdison's former yieldcos have been considering bids for months and Brookfield appears to be the top contender.

The vehicle will differ from its predecessors in that it will adopt a term of 15 years rather than 25 while also expanding its investment horizon to the European continent.

The 12-year vehicle, which has a €2.9bn target, hit the milestone thanks to commitments by the likes of OPERF and the New Jersey Division of Investment, which manages seven pensions.

The facility’s sponsors used the country’s first green and social project bond, credit-enhanced by the EBRD and MIGA, to gather €288m for Elazig PPP.

The $1trn French asset manager, which also expects to close its debut European deal alongside EDF in December, could launch the vehicle within six months.

The investment firm is in discussions with existing and new investors ahead of its first acquisition drive in the UK solar market.

The Sydney-based asset manager is looking to build a portfolio of renewables and water assets in Australia and Europe.

The Swiss firm has funded two projects totalling 12MW through the vehicle, which it is currently raising with a €250m target.

The unit is hoping to sign its first mandate with the group’s insurance company and will focus on senior investment-grade infrastructure debt.

The project, backed by a PPA with Google, brings the capacity of Aquila’s wind energy portfolio to 900MW.