Greenfield

Final commitments to the firm’s latest energy fund will put the fundraising total above a $4bn target and at or near its hard-cap.

The $1.24bn project will refurbish six schools in Prince George’s County, paving the way for similar bundled projects across the US.

While natural gas assets are being sold as vital pieces of the energy mix, the industry seems unable to specify how long that will be the case.

The group’s Cero platform combines the ‘best of both worlds’, according to GIG’s head of Europe Ed Northam.

Investments in greenfield or privatisation deals have fallen to $100bn per year, down from $155bn a decade ago, says the Global infrastructure Hub.

With public infrastructure resources being diverted to pandemicrecovery efforts, many in the industry are wondering if this could bewhat finally prompts an uptick in PPPs.

The project's construction companies are threatening to terminate their contract, which would make the Maryland project the latest in a series of troubled North American PPPs.

Martin Lennon, co-founder and head of Infracapital, says that greenfield projects, if managed correctly, can be a better bet for institutions than more tightly priced brownfield assets.

The vehicle’s £1.25bn target is the same figure as the hard-cap of its predecessor fund, which closed in November 2017.