Evoegy Consulting’s Post

INVESTOR NEWS: Origis Energy has received a new strategic investment from Brookfield alongside new commitments from existing sponsor Antin Infrastructure Partners, which could exceed an aggregate of $1 billion.

🤝 Orsted Divests French Onshore Renewable Ventures, Exiting Market Within Two Years of Entry In a pivotal decision, Ørsted has signed an agreement with ENGIE to divest its French onshore wind and solar operations, including OSTWIND International and OSTWIND Engineering. The deal, set to finalize in the second quarter of 2024, will see Orsted completely withdrawing from the French market. 💼 Current Portfolio Details: -- Active Projects: Operating 54 MW. -- Under Construction: 24 MW. -- Development Pipeline: Ongoing expansion of additional projects. This exit comes less than two years after Orsted acquired the French and German onshore platforms from OSTWIND AG in Jul '22. Meanwhile, the German operations have been successfully integrated into the main business and remain a key focus within Orsted’s European strategy. ♟️ Strategic Refocus: -- Following a net loss of over €2.7bn, Orsted is sharpening its focus on select markets with higher potential returns. -- The strategic shift emphasizes core areas: the UK, Ireland, Germany, and Spain. This divestiture aligns with Orsted’s broader business strategy to optimize its asset portfolio and strengthen financial performance, targeting regions that offer the most substantial growth opportunities in the renewable energy sector. #Orsted #ENGIE #RenewableEnergy #WindEnergy #SolarPower #SustainableInvesting #EnergySector #MarketExit #EuropeanEnergy

Private market funds are back again buying global listed infrastructure assets with (1) ECP (Energy Capital Partners) buying renewables owner & developer Atlantica Sustainable Infrastructure Plc for a 22% premium and (2) KKR acquiring a stake in Labrador Island Link for C$1.19b from listed utility, Emera. Most of the FUM in infrastructure has been raised via private markets but most of the assets are in listed markets. This ongoing acquisition process is a positive driver of returns for global listed infrastructure investors. Do you think this process will accelerate once BlackRock's Global Infrastructure Partners (GIP) acquisition is completed? #infrastructure #renewables

🌍 Brookfield: $15bn+ of Capital Deployed towards Renewables Investments Since 2022, Primarily in North America 🚀 Neoen: Brookfield Asset Management recently announced a bid for Australia- and Europe-focused renewable energy developer Neoen, acquiring a 53.3% stake for an EV of $5.1bn. Following the closing of this deal, the firm aims to launch a cash tender offer for the remaining shares. Neoen holds a 28 GW portfolio of solar, wind and storage projects, including 5.1 GW in operation and 2.9 GW under construction $15bn+ Capital Deployed: The deal, which marks Brookfield's largest acquisition since the start of 2022, brings its total investment over the past ~2.5 years to more than $15bn. In Feb'23, CEO Connor Teskey stated: "We saw tremendous opportunities in 2022 to buy high-quality renewables developers in our core markets at entry points that, quite frankly, we would have fallen out of our chair to execute on. We're still seeing attractive value entry points there and hope to execute some of those transactions in the near term." Actively Fundraising for BGTF II: Brookfield has so far raised $10bn for its Global Transition Fund II, including $1.2bn in Q1 2024, and aims to surpass the $15bn raised for BGTF I. CEO Connor Teskey commented in May'24: “Our confidence in the reception of our transition strategy continues to be immense. This was the best Q1 fundraising quarter we’ve ever had for all of Brookfield’s strategies collectively. Fundraising in 2023 was “back-end loaded”, with the most capital raised in Q4. We don’t see as much of that dynamic this year. We do expect fundraising to be more balanced across the four quarters." #Brookfield #RenewableEnergy #Sustainability #Neoen #Investment #SolarEnergy #WindEnergy #EnergyStorage #GreenInvestment #CleanTech

The WATTS.green team is pleased to announce the second closing of WATTS.green Renewable Energy Fund I SCSp, SICAV-RAIF (the “Fund”), securing €135 million of commitments. The team thanks all the investors participating in this second closing which include specialist fund-of-funds, financial institutions and prominent family offices. The 10 year closed ended Fund remains open for additional commitments until the end of Q1 2025. The General Partner anticipates that by Q1 2025, the Fund will be over 50% invested and committed for future equity outlays. The Fund has made four investments: two onshore wind projects and two AgriSolar development platforms. Two additional investment opportunities are currently under exclusivity. This second closing underscores the appeal of Value-Add renewable energy infrastructure as an asset class, particularly in the current environment of limited liquidity, offering an attractive risk-reward profile coupled with clear exit windows. #renewableenergy, #valueaddinfrastructure, #infrastructure, #fundclosing

Continuing the conversation on the #energytransition task from last week's #Partnerships2024, Macquarie Group's latest article delves into how flexible financing solutions can support the delivery of major renewable infrastructure assets in Australia.

NextEnergy Capital is delighted to share that NextPower UK ESG has acquired its twelfth asset, Staughton Solar Farm, raising NPUK’s portfolio capacity to 565MW. Staughton Solar Farm is a high-quality 50MW operational solar asset located in Bedfordshire, UK that will be cash generating for NPUK from day one, whilst providing renewable electricity to approximately 12,500 UK households each year. Spyros Sfantos, NextEnergy Capital's Investment Director, UK commented: “Staughton is a high-quality operating solar asset that represents NPUK’s twelfth portfolio acquisition. NPUK’s total capacity has grown to an impressive 565MW since its launch in August 2022, we expect to see further growth in NPUK’s total capacity through the end of the year and into 2025 through further acquisitions. NPUK remains on track to outperform its return and dividend targets, with dividends to date being significantly above the target.” Read the full PR through the link: https://lnkd.in/d93G5UN | #UKSolar | #Energysecurity | #Cleanenergytransition | #NextisNow | #Solarcapacitygrowth | #Netzerotransition | #Solarspecialists |

Premier Miton Global Renewables Trust’s investment objectives are to achieve high income and realise long-term growth in the capital value of its portfolio. It seeks to achieve these by investing principally in the equity and equity-related securities of companies operating primarily in the #renewable #energy sectors and other #sustainable #infrastructure investments. Watch the equity proposition video to learn important elements of the firm's investment story. https://lnkd.in/g54fcDBG #PMGR #LSE Premier Miton Investors #trust

Miami, Florida-based Origis Energy, which develops, builds, and operates large-scale clean generation and storage projects, has announced a new strategic investment from Brookfield and new commitments from existing sponsor Antin Infrastructure Partners which could exceed $1 billion total. Where that money will go: https://lnkd.in/eKYpKfAw

I’m excited to see investment giant Brookfield partnering with Orsted to boost the UK’s renewable energy sector with a £1.75bn acquisition of minority stakes in four operational offshore wind farms - Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension. This strategic move is funded by Brookfield's Infrastructure Fund V and demonstrates a powerful commitment to expanding the UK’s low-carbon infrastructure. Brookfield buys £1.75bn share in Orsted wind farms | News | Building Exciting times for renewable energy in the UK! Keep pushing for progress and investing in a future that’s sustainable for everyone. #renewableenergy #offshorewind #Brookfield #Orsted #UKEnergy