Captona’s Post

With the growth of platform investing in #infrastructure, and particularly in the #renewables sector, large-scale development pipelines have become a key part of splashy deal announcements. But as BlackRock's Charlie Reid told us: "The amount of MWs developers say they have in their pipelines, if you aggregate it all up, will be more than is required to deliver on renewable energy targets.” So are these pipelines or pipe dreams? That's the question my colleagues Zak Bentley, Anne-Louise Stranne Petersen and Daniel Kemp try to answer in Infrastructure Investor's October cover story. Featuring insights from Britta von Oesen of CRC-IB, Jeh Vevaina of Brookfield Asset Management, Ari Pribadi of Marathon Capital, Nadia Kalic of Clifford Chance, Lachlan Creswell of Macquarie Asset Management, Alex Darden of EQT Group, Andy Thornhill of PKF-Francis Clark Chartered accountants & business advisers, David D. of Partners Group, Minesh Mashru, CFA of Cambridge Associates, Simon Jardine of HSBC Asset Management, and more. Read it 👇 https://lnkd.in/dPvUq6EW

Super fund Rest is putting $1 billion into renewables projects and green data centres, as it joins the wave of superannuation money heading into green energy. The $75 billion super fund is investing with Quinbrook Infrastructure Partners in order to access the clean energy infrastructure manager’s portfolio of solar and battery projects and green data storage centres, including Quinbrook’s Supernode green data campus in Brisbane – believed to be the largest in the southern hemisphere. The $1 billion investment is being divided between Quinbrook’s Net Zero Power Fund and as commitments to co-invest into US and Australian projects alongside Quinbrook.

Foresight Solar Fund (FSFL) (LSE:FSFL) fund manager Ross Driver talked with Proactive's Stephen Gunnion about the current landscape for renewable energy investments and the role of government policy in fostering growth.  Proactive: Hello, you're watching Proactive. I'm joined by Ross Driver, fund manager of the Foresight Solar Fund. Ross, very good to speak with you. The government's investment summit took place on Monday, and the government seems committed to creating a positive environment for private investments. Are you seeing that in conversations as well? More at #Proactive #ProactiveInvestors http://ow.ly/1nVt105MhF5

Fotowatio Renewable Ventures (FRV) has refinanced its portfolio of eight solar farms and a battery energy storage system (BESS) with a $1.2 billion deal. Eleven international and domestic backers, including the Clean Energy Finance Corporation (CEFC), facilitated the refinancing, highlighting the challenge of funding renewables projects. The refinancing secures FRV's operations and provides a foundation for growth. FRV's portfolio includes nearly 1GW of solar and 102.5MW/205MWh of batteries, with significant projects under construction in Victoria and NSW. The CEFC contributed $90 million, focusing on FRV's grid-forming BESS strategy. Read about it here - https://lnkd.in/gwPBEkyj Source: RenewEconomy Author: Rachel Williamson #RenewableEnergy #SolarPower #BatteryStorage #EnergyFinance #AusEnergy

NextEnergy Solar Fund (NESF) was featured in the UK Investor Magazine today, highlighting the Fund's attractive dividend yield, and impressive portfolio of assets across the UK, Europe and India. The article states: 'UK investors will be hard-pressed to find another investment vehicle offering the same solar asset diversification and NextEnergy Solar Fund’s expert management. NESF operates some of the UK’s largest facilities.' Read the full article here: https://lnkd.in/emmBKFKb | #investmentcompany | #renewableenergy | #netzero | #sustainability | #isa | #sipp | #ftse | #dividendyield | #dividends | #income | #solarenergy | #investinthefuture |

Goldman Sachs Alternatives Invests $440 Million in BrightNight to Bolster Renewable Power Platform BrightNight, a prominent player in the renewable power sector, has secured a $440 million strategic investment from Goldman Sachs Alternatives’ Infrastructure business. This infusion of capital is poised to fully fund BrightNight’s five-year business plan and support its ambitious 31-gigawatt renewable power project portfolio, which is enhanced by the company’s proprietary AI software platform, PowerAlpha®. The investment is set to bolster BrightNight’s balance sheet and strengthen its position as a leader in the renewable energy market. The transaction is anticipated to close in September 2024. BrightNight Chairman and CEO Martin Hermann expressed enthusiasm about the partnership, stating, “BrightNight was founded […] Read the full story here: https://lnkd.in/d7gYGwfU #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #$440millioninvestment #america #brightnight #energy #finance #goldmansachs #northamerica #renewableenergy #solarenergy

Are you ready to reshape the future of sustainability with Trina Solar at Solar Finance & Investment UK? On 31st January and 1st February, Trina Solar’s expert team, featuring Tim Day, Phillippa Rose, Davide Marro, Jason Daniels, Alejandro Pastor Martinez and Fahad A is all set to share valuable renewable insights and connect with industry leaders. If you're attending, be sure not to miss the panel discussion by our Investment Fund Manager Tim Day on ‘The Outlook for Renewable Energy Capital Allocation’. We're excited to connect with you, use code TRINA15 for a discount. #SolarFinanceAndInvestment #SolarEvent #TrinaSolarEurope #FutureProofPower #TrinaSolarEU

Goldman Sachs has invested $440 million in BrightNight, a renewable power company focused on utility, commercial, and industrial solar and energy storage projects. This investment, made through Goldman Sachs' Alternatives fund, aims to support BrightNight's development of a 31 GW renewable power portfolio over the next five years, utilizing proprietary AI software called PowerAlpha for portfolio management. BrightNight's CEO, Martin Hermann, highlighted the company's rapid growth in high-demand markets needing decarbonization solutions. Goldman Sachs plans to offer long-term capital and leverage its sector relationships to support BrightNight's ambition of becoming a leading renewable independent power producer (IPP). Teresa Mattamouros from Goldman Sachs noted the growing demand for renewable energy driven by corporate decarbonization goals and supportive policies at federal and state levels. Additionally, Global Infrastructure Partners (GIP) will continue its existing capital commitments and maintain a minority equity interest in BrightNight. https://lnkd.in/d_bvHwUC #GoldmanSachs #BrightNight #OdinGlobal

Arcadia Secures Growth Funding to Advance Community Solar and AI-Powered Energy Solutions Arcadia, a global utility data and community solar platform, has announced the successful closure of a growth round of financing. This investment will bolster the company’s leading community solar program and facilitate product innovation, harnessing artificial intelligence to unlock new use cases from its extensive energy data repository. The growth round, which includes a fund managed by Macquarie Asset Management (Macquarie) as a new equity investor, also features participation from existing investors such as Energy Impact Partners, J.P. Morgan Asset Management, BoxGroup, G2 Venture Partners, Camber Creek, Triangle Peak Partners, and Broadscale Group. Founder and CEO of Arcadia, Kiran Bhatraju, […] Read the full story here: https://lnkd.in/dPU83pWu #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #arcadia #energydata #northamerica #solarprogram

Recurrent Energy, part of Canadian Solar Inc., has secured a $500 million preferred equity investment commitment from BlackRock, via a fund managed by its Climate Infrastructure business. The investment is set to represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis. Post-investment, Canadian Solar will maintain majority ownership of Recurrent Energy. The investment is intended to bolster Recurrent Energy’s project development pipeline, supporting its strategic shift from solely a development focus to a combined role of developer and long-term owner/operator in selected markets, including the U.S. and Europe. “We started our global energy development business in 2009 and have since strategically grown Recurrent Energy as Canadian Solar’s premier renewable energy platform, forging a new path in developing, financing and constructing first-of-their kind solar and energy storage projects,” said Dr. Shawn Qu, Chairman and CEO, Canadian Solar. “We are now at an inflection point for renewable energy growth. The infusion of capital from our partner BlackRock, who is also Canadian Solar’s largest institutional investor, will provide the resources needed to further scale the Recurrent Energy platform and meet record clean energy power demand across the world.” “We are delighted to have the support of BlackRock, one of the largest and most sophisticated renewable energy investors in the world, as we scale Recurrent Energy in response to massive global demand for renewable energy and energy storage solutions,” added Ismael Guerrero Arias, CEO of Recurrent Energy. Recurrent Energy anticipates having 4 GW of solar and 2 GWh of storage operational in the U.S. and Europe by 2026. David Giordano, Global Head of Climate Infrastructure and Chief Investment Officer of Transition Capital, BlackRock, added: “We are excited to partner on behalf of our clients with Recurrent Energy. “We believe this partnership will help unlock the full potential of Recurrent Energy’s impressive renewable energy project development platform. Recurrent Energy is emblematic of our strategy of investing in leading renewable power generation assets and transition-enabling infrastructure, and we are pleased to make this first investment commitment from the fourth vintage of BlackRock’s Climate Infrastructure fund franchise.” BofA Securities, Inc. and Banco Santander, S.A. served as financial advisors to Canadian Solar. #cleanenergy