Quinbrook Infrastructure Partners’ Post

Recurrent Energy have secured a $500 million preferred equity investment commitment from BlackRock through their Climate Infrastructure fund. Recurrent Energy is a wholly-owned subsidiary of Canadian Solar Inc. and is a global developer and owner of solar and energy storage assets. The investment will provide Recurrent Energy with additional capital to grow its high value project development pipeline while executing its strategy to transition from a pure developer to a developer plus long-term owner and operator in select markets including the U.S. and Europe. David Giordano, Global Head of Climate Infrastructure and Chief Investment Officer of Transition Capital at BlackRock, said, “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.”  https://lnkd.in/eaZuCyyM #recurrentenergy #blackrock #odinglobal

Octopus Renewables Infrastructure Trust (ORIT) launches share buyback for up to £10m 💰. James Carthew. Octopus Renewables Infrastructure trust (ORIT) has set out plans to initiate a share buyback programme for up to £10m. Check out Cristian Angeloni's latest article 👇 https://incm.pub/3VtVJbf #investing #assetmanagement #wealthmanagement #finance

NOVA Infrastructure, a middle-market infrastructure investment firm, completed the acquisition of a 70% stake in UGE, a community solar and battery storage business. Financial terms were not disclosed. “Community solar represents a very fast-growing segment of the US power generation market with strong regulatory tailwinds supporting UGE’s portfolio of long-lived assets. UGE provides customers with attractive electricity rates under long term contracts that provide strong downside protection for investors. We have identified value-add initiatives that will accelerate growth in the UGE portfolio and drive strong cash flow generation,” Chris Beall, NOVA Co-Founder and Managing Partner. UGE (led by Nicolas Blitterswyk) was advised by Origin Merchant Partners, CP LLP and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. . NOVA Infrastructure (led by Chris Beall) was advised by Bennett Jones, Blank Rome LLP and Sloane & Company. #MergersAcquisitionsDivestitures #Battery #EnergyStorage

Veterans of investment firm Magnetar Capital launched Elda River Capital Management, spinning out with about $1.5 billion in energy and infrastructure assets even as large asset managers buy up several other infrastructure specialists. “We think there are significant advantages in being a pure play versus being embedded in a broader organization,” said Eric Scheyer, a managing partner at Houston-based Elda River. He leads the newly formed clean energy-focused private-equity and credit firm alongside Adam Daley, also a managing partner. Scheyer and Daley co-founded Elda River after working together for nearly 20 years at Magnetar, where they led the investment firm’s energy and infrastructure group. About 15 other former members of that team joined them at Elda River, including co-founders Craig Rohr and Michael Dean, both named partners at the new firm, as well as Michael Wilds, Steve Settles and Courtney Kozel, Scheyer said. Elda River is spinning out of $14.8 billion Magnetar as other infrastructure-investment firms increasingly become acquisition targets for large asset managers looking to expand their bets into clean energy. In two recent deals, BlackRock agreed to acquire Global Infrastructure Partners while General Atlantic agreed to buy Actis. But some clean-energy fund managers have also left larger firms to start their own shops. For example, Sandbrook Capital was formed roughly two years ago by five former executives of private-equity firm Riverstone Holdings. The Stamford, Conn.-based firm recently wrapped up its first fund with $1.5 billion, in addition to $600 million in co-investment capital.  Clean-energy specialists focused on midsize deals can appeal to both businesses looking for a private-equity backer and to investors seeking to deploy capital in the industry, according to industry consultants.  “Our view is that the small to midmarket space within infrastructure is the most interesting space to be right now,” said Brent Burnett, head of real assets at Hamilton Lane, a private-markets advisory firm. “We’re seeing some good, newer shops come out of some larger firms.”

Brookfield Asset Management is set to become the largest owner and operator of renewable energy in Australia with a massive $10 billion bid to acquire France’s Neoen. Neoen, known for its Victorian Big Battery near Geelong, has a robust project pipeline of nearly 10 gigawatts expected to come online over the next decade. This acquisition, backed by Neoen's board, highlights the growing demand for sustainable power solutions. Despite challenges in the renewable sector, Brookfield remains undeterred, viewing these as mere speed bumps in the 20-year megatrend towards low-cost clean energy. Recent successes, such as the deal to supply 10.5 gigawatts of renewables to Microsoft, showcase this unwavering commitment. Neoen CEO Xavier Barbaro expressed enthusiasm about partnering with Brookfield to propel Neoen’s growth further. With regulatory approvals pending, this acquisition marks a significant step forward in Brookfield's renewable energy strategy. Brookfield's acquisition of Neoen is a milestone for renewable energy in Australia and beyond. It demonstrates a robust commitment to sustainable development and positions Brookfield as a key player in the global shift towards cleaner, greener energy. #renewableenergy #sustainability #cleanenergy #brookfield #neoen #greenfuture #australia #evoegy

Bluefield Solar Income Fund (BSIF) (LSE:BSIF) Limited’s interim results posted this Wednesday showed a robust performance for the UK solar assets investment fund. Financially, the company reported a net asset value (NAV) of £831.3 million as of December 31, slightly down from £854.2 million on June 30, 2023. Underlying earnings saw a modest 14.5% decrease to £43.9 million. The dividend target for the fiscal year has been set at no less than 8.8p per share at two-times cover, up from 8.6p in the previous fiscal year. Operational milestones during the period included the signing of a Memorandum of Understanding (MOU) with GLIL Infrastructure, marking a strategic partnership poised to fortify Bluefield Solar's investment and operational capabilities. More at #Proactive #ProactiveInvestors #LSE #BSIF #solar #investment http://ow.ly/OPiS105k09s

QuotedData have conducted an analysis of Downing’s Renewables & Infrastructure Trust (DORE), providing insights into DORE’s performance, market outlook, and current position.   Key takeaways from their extract:   • NAV total return of 33% since its IPO in December 2020 highlights the strong performance of DORE and there remains significant scope for the asset value to compound further as the portfolio develops.     • Operating profit was £24.7m, up 27% from the year prior, showcasing impressive profitability metrics given the portfolio is yet to fully mature.     • DORE announced a 7.85% increase in the 2024 target dividend, supported by a forecasted cash coverage ratio of 1.35x, highlighting stable earnings.    • DORE advanced its portfolio construction, investing £47m in 11 diversified projects across multiple technologies. “By almost every measure, DORE has delivered above expectations since its IPO in December 2020.” Read the full review here: https://lnkd.in/e2KbM2V2   Capital at risk. Returns not guaranteed.  #DORE #Renewables #Trust #Infrastructure  

I am only reposting this interview because I think it succinctly captures what we are doing differently in our patch of the energy transition landscape and at the end of the day, that’s what matters most when you are competing hard for capital against the global behemoths of private equity and infrastructure. Leading by example is what I would like to believe is our firm’s hallmark and why we all get up in the morning!

Alternergy Holdings Corporation (ALTER) disposes of its common shares held in Solar Pacific Pristine Power Inc. (SPPPI), in favor of Alternergy Solar Holdings Corporation (ASHCo). #renewableenergy #bonds #stockmarket #stocks #finance #Business #Corporation #Entrepreneur #Philippines #Financial #Invest #Investment #investingtips

FERC greenlights BlackRock’s $12.5B purchase of Global Infrastructure Partners The Federal Energy Regulatory Commission approved the transaction on the back of a blanket authorization it first granted the asset management firm in 2010. The Federal Energy Regulatory Commission approved BlackRock’s $12.5 billion acquisition of Global Infrastructure Partners Friday, despite nonprofits contesting the transaction and concerns over the firm’s growing influence in the utility sector. BlackRock completed the deal for $3 billion in cash and 12 million common shares in a new BlackRock subsidiary that will acquire all of GIP’s limited liability assets, according to the Sept. 6 authorization. GIP was the largest global independent infrastructure manager by assets under management at the time of the deal, with $100 billion in assets under management, which will be combined with BlackRock’s existing $50 billion infrastructure platform. FERC approved the transaction on the back of a previously granted blanket authorization to BlackRock that allows the asset manager to acquire up to 20% of voting securities of certain types of utility companies. The deal was reported to be BlackRock’s largest acquisition in over a decade, when it was announced in January. BlackRock CEO Larry Fink called infrastructure “one of the most exciting long-term investment opportunities” in the press release announcing the deal and expressed confidence that physical and digital infrastructure expansion will accelerate. TNi Energy-BESS, we've innovated a groundbreaking method that repurposes recycled lead-acid batteries, extending their life span to 25 years for C1 to C20 Energy Storage purposes. Previously, the industry lacked a safe and environmentally conscious alternative to lithium | sodium-ion batteries. However, our proprietary technique reveals that lead-acid batteries are not only SAFER but also 60-75% more cost-effective than their hazardous counterparts. Made in the USA. #TNiEnergy,#10HRLDES,#ELDES,#C1toC20,#nebulositycloud, #BESS,#C3Energy,#Energy,#LDESS.Energy, #ZEROemmissions, #ZEROcarbon, #energytransistion, #LeadAcid Battery, #windpower, #solarpower, #VPP, #MicroGrid, #DERM, #HydroPower, #BitCoinMining