Revego Fund Managers wants to raise about $165 million. #Renewables #Energy #OilandGas
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Octopus Energy’s valuation has increased to $9 billion as its existing shareholders Generation Investment Management and CPP Investments | Investissements RPC increased their stakes in the global energy and technology group. As a result of the new backing, Octopus Energy’s valuation went up by 15% from its last invetsment round in December 2023, totalling $9 billion (£7.2 billion). “Bringing globally respected long-term investors on board helps raise our profile in key markets, and open up new opportunities to continue our international expansion,” said Greg Jackson, Founder of Octopus Energy Group. “I’m delighted to partner with more pension funds, including Aware Super, and am excited at the prospect of accelerating Octopus and Kraken in North America and beyond, and continuing to invest in technologies that drive a smarter, cheaper energy system. “I’m grateful to our hugely supportive existing investors for making this possible, and their continued commitment to our long term mission.” Generation Investment Management secured new backing from pension funds in the USA and Australia, including Aware Super. Generation now owns 13% of the Octopus Energy Group, while CPP Investments also increased its stake in Octopus to 12%. “It is clear that Octopus is a generational opportunity,” stated Tom Hodges, Co-Head of Private Equity at Generation Investment Management. “The company has accelerated ahead of its UK peers in energy and in Kraken has developed the first credible digitisation platform for utilities. “We’re backing the world class management team and the thousands of talented people in the Octopus Energy Group as they transform multiple industries at once, and it’s a pleasure to work with pension funds including Aware Super to deliver this huge potential.” Octopus Energy said the new investment will help increase the company’s profile in the US and expand its Kraken technology in the Americas. Octopus Energy previously raised $800 million in its last funding round in December. To date, Octopus has raised more than $2 billion from global investors and expanded into 18 countries. Bill Rogers, Managing Director, Global Head of Sustainable Energies at CPP Investments, added: “Through this increased commitment to Octopus Energy, we are pleased to support the business as it enters this next period of growth. As a pioneering, and tech-enabled energy company, Octopus Energy has an expanding global footprint and remains a leader and innovator in the energy sector, through both its customer propositions and its support of the global energy transition.” #cleanenergy
Octopus Energy welcomes renewed commitments from Generation Investment Management and CPP Investments
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Director at Caproasia | Capital Markets, Investments, Private Wealth & Family Office for Institutions, Billionaires, UHNWs & HNWs in APAC (Events, Roundtables, Summits, Research, Data, Media, Marketplace, Platforms)
Leading APAC private equity group PAG with $55 billion AUM has been reported to be soon closing the new Asia buyout fund with $4 billion, which is less than 50% of the $9 billion initial target in 2022 (Revised to $6 billion target in 2023). Read - https://lnkd.in/g3KRSvry follow Caproasia | Driving the future of Asia Leading APAC private equity group PAG with $55 billion AUM has been reported to be soon closing the new Asia buyout fund with $4 billion, which is less than 50% of the $9 billion initial target in 2022 (Revised to $6 billion target in 2023). In 2024 May, PAG closed the first renewable energy-focused fund PAG REN 1 with $500 million commitment. James Buford, President and CEO of PAG Renewables: “We are grateful for the support that REN I has received from a diverse group of institutional investors. The strong response to this fund demonstrates investor confidence in the need and opportunity to enable the transition from fossil fuels to clean, domestically produced sources of energy generation in Asia.” Dimitrios Vavougyios, Managing Director & Chief Investment Officer of PAG in Japan: “Demand from corporate customers in Japan who value protection from energy price volatility and clean energy attributes far outstrips current supply, and will drive the next phase of growth. As a trusted partner in Asia, our goal is to increase the supply of cost-competitive options for these companies while creating positive, sustainable investment outcomes for our investors.” PAG (20/5/24): “AG, a leading Asia Pacific-focused alternative investment manager, announced today that it has closed its first renewable energy-focused fund, PAG REN I, with a total of USD550 million in capital commitments. PAG REN I will focus on investing in physical renewable energy assets in Asia with solar power generation in Japan as a primary target. The fund’s goal is to support the development, acquisition, and operations of renewable energy assets, advancing the region’s clean energy transition while generating attractive risk-adjusted returns. Investors in the fund include pensions, sovereign wealth funds, and fund of funds investors in North America, Europe, and the Middle East ... ... PAG
$55 Billion APAC Private Equity Group PAG to Close $4 Billion New Asia Buyout Fund, Less than 50% of $9 Billion Initial Target in 2022 & Revised to $6 Billion Target in 2023, Closed First Renewable Energy-Focused Fund PAG REN 1 with $500 Million in 2024 May
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Modus Poland Solar Fund I, a closed-end investment fund for informed investors and managed by Modus Asset Management, have secured EUR 58 million (PLN 257 million) in debt financing from a group of lenders consisting of BNP Paribas Bank Polska and PKO Bank Polski. The investment facility will finance the acquisition of a 93 MW operational solar PV portfolio in Poland. Modus Asset Management has been active in the Polish renewable energy market since 2018. Povilas Peciulis, CEO of Modus Asset Management, says that accomplishing such size debt financing proves they are on the right path. “Poland is one of our core markets, where we are seeking further acquisitions in solar PV and onshore wind,” - adds Povilas Pečiulis. Modus Poland Solar Fund I is a closed-end investment fund that invests in solar power plants in Poland. The electricity generated by these plants is sold through corporate PPAs and CfD. The Fund owns over 113 MW of solar PV assets in Poland. Energy market analytics provider Aurora Energy Research supported Modus Asset Management in securing the financing for the transaction, supplying its power price forecasts. More info in Lithuanian: https://lnkd.in/d8FMA__e Follow the link in the comments to read article in English.
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Leading APAC private equity group PAG with $55 billion AUM has been reported to be soon closing the new Asia buyout fund with $4 billion, which is less than 50% of the $9 billion initial target in 2022 (Revised to $6 billion target in 2023). Read - https://lnkd.in/gWpwUwDq follow Caproasia | Driving the future of Asia Leading APAC private equity group PAG with $55 billion AUM has been reported to be soon closing the new Asia buyout fund with $4 billion, which is less than 50% of the $9 billion initial target in 2022 (Revised to $6 billion target in 2023). In 2024 May, PAG closed the first renewable energy-focused fund PAG REN 1 with $500 million commitment. James Buford, President and CEO of PAG Renewables: “We are grateful for the support that REN I has received from a diverse group of institutional investors. The strong response to this fund demonstrates investor confidence in the need and opportunity to enable the transition from fossil fuels to clean, domestically produced sources of energy generation in Asia.” Dimitrios Vavougyios, Managing Director & Chief Investment Officer of PAG in Japan: “Demand from corporate customers in Japan who value protection from energy price volatility and clean energy attributes far outstrips current supply, and will drive the next phase of growth. As a trusted partner in Asia, our goal is to increase the supply of cost-competitive options for these companies while creating positive, sustainable investment outcomes for our investors.” PAG (20/5/24): “AG, a leading Asia Pacific-focused alternative investment manager, announced today that it has closed its first renewable energy-focused fund, PAG REN I, with a total of USD550 million in capital commitments. PAG REN I will focus on investing in physical renewable energy assets in Asia with solar power generation in Japan as a primary target. The fund’s goal is to support the development, acquisition, and operations of renewable energy assets, advancing the region’s clean energy transition while generating attractive risk-adjusted returns. Investors in the fund include pensions, sovereign wealth funds, and fund of funds investors in North America, Europe, and the Middle East ... ... PAG
$55 Billion APAC Private Equity Group PAG to Close $4 Billion New Asia Buyout Fund, Less than 50% of $9 Billion Initial Target in 2022 & Revised to $6 Billion Target in 2023, Closed First Renewable Energy-Focused Fund PAG REN 1 with $500 Million in 2024 May
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Annycent Preps $500M Fund Raise for Renewable Energy Aggregation Fund Targeting Emerging Markets Milltrust International has been appointed to partner with Annycent Capital on its upcoming $500 million Renewable Energy Fund raise. The fund aims to aggregate low-volatility, cash-yielding renewable energy assets in emerging markets such as Southeast Asia, Sub-Saharan Africa, and the MENA region. A major sovereign wealth fund has already committed up to 100 million USD of funding for the fund. Targeting unique opportunities in wind, hydro, and solar projects, the innovative fund is designed for stability and predictability, supported by government-backed revenues. With a strategic focus on a diversified and de-risked portfolio, the fund's 12-year lifespan is set to capitalise on the substantial growth potential and accelerating demand for sustainable and impact investments in renewable infrastructure. The fund is led by a seasoned team with decades of combined experience in renewable energy investments, having previously pioneered significant projects and funds in similar markets, ensuring expert navigation through the complexities of emerging market investments. Simon Hopkins Alexander Kalis CELINE LIN Henry S. East West Private Wealth Cyrille Arnould Mervin Chaumiere Albane Hartzer #RenewableEnergy #ImpactInvesting
Annycent Capital | Investment Management Firm
annycent.com
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𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗨𝗞 𝗦𝗼𝗹𝗮𝗿 𝗙𝘂𝗻𝗱 𝗥𝗮𝗶𝘀𝗲𝘀 £𝟲𝟱𝟯 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝗧𝗼 𝗗𝗮𝘁𝗲: 𝗡𝗲𝘅𝘁𝗘𝗻𝗲𝗿𝗴𝘆 𝗖𝗮𝗽𝗶𝘁𝗮𝗹’𝘀 𝗨𝘁𝗶𝗹𝗶𝘁𝘆-𝗦𝗰𝗮𝗹𝗲 𝗦𝗼𝗹𝗮𝗿 & 𝗘𝗻𝗲𝗿𝗴𝘆 𝗦𝘁𝗼𝗿𝗮𝗴𝗲 𝗙𝘂𝗻𝗱 𝗘𝘅𝗰𝗲𝗲𝗱𝘀 𝗙𝘂𝗻𝗱𝗿𝗮𝗶𝘀𝗶𝗻𝗴 𝗧𝗮𝗿𝗴𝗲𝘁 𝗕𝘆 𝟯𝟬% * NextEnergy Capital says its NPUK ESG solar fund has raised a total of £653 million to date * This means it has already exceeded the target of £500 million by 30% * Funds are to be deployed for utility-scale solar and BESS capacity with a 2 GW target 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐬𝐭𝐨𝐫𝐲 𝐡𝐞𝐫𝐞: https://lnkd.in/ekkZQNcH #business #Funding #NextEnergyCapital
Private UK Solar Fund Raises £653 Million To Date
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Stanlib Asset Management is expected to provide R3 billion to address the gap in funding for major renewable energy initiatives across Africa. The initial investment for The Khanyisa Energy Transition Fund comes from Standard Bank Group and Liberty Holdings. The fund is aimed at being operational by the end of the first quarter of 2024, with plans to grow their assets to $1 billion within three to five years. For more information on Stanlib’s investment, click below. #renewableenergy #investment #energytransition #southafrica
Stanlib to invest R3bn in Africa renewables via new fund
moneyweb.co.za
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Release by Scatec today closed the previously announced USD 102 million transaction with Climate Fund Managers B.V. (“CFM”). The funds will be used to further accelerate its growth ambitions as a separate platform. Release was established by Scatec ASA in 2019 to offer a flexible and mobile leasing solution of pre-assembled and modular solar and battery equipment for the mining and utilities market. CFM is a leading climate-centric blended finance fund manager backed by FMO, the Dutch Development Bank, and Sanlam Infraworks, part of the Sanlam Group of South Africa. The company invested in Release via its Climate Investor One (CIO) fund; a blended finance vehicle focused on renewable energy infrastructure in emerging markets. As previously communicated, CFM will contribute USD 55 million in equity for a 32% stake in Release. Scatec will retain the majority shareholding of 68%. CFM will also provide shareholder loans totalling USD 47 million, part of which will be on concessional terms. “We welcome Climate Fund Managers as a strategic partner to fuel the solid growth journey of the Release platform. With this collaboration, we are not only raising funds; we are sharing the future of renewable energy solutions. Release is offering a unique solution in a rapidly growing market segment that requires a different business model than Scatec’s larger scale project business,” says Scatec CEO, Terje Pilskog, who is also the Chair of Release. “Our blended finance model facilitated the integration of impact finance into the deal structure, which Release will be able to leverage to improve its cost structure for its battery and grid connection solutions, allowing Release to offer even more competitive pricing and better value to its clients. We are delighted to support the Release team as they roll-out their critical climate technology across Africa, helping significantly reduce the emissions of the mining and utility sectors,” says Climate Fund Manager’s Darron Johnson, Head of Africa Investments. Read more: https://lnkd.in/e5j7T3e4 #RenewableEnergy #Solar #Africa #Investment
Flexible solar leasing solution “Release by Scatec” closes USD 102 million capital financing round - Scatec
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Interesting insights on how #parametric risk transfer solutions help reducing equity requirements… #MunichReParametrics #windhedge #risktransfersolutions #renewables #mfug #kwhanalytics #munichre #weather
Congratulations to all parties involved in structuring this innovative transaction supporting renewable energy financing. Well done! #munichre #munichreparametrics #kwhanalytics #mfug #renewables #weather
kWh Analytics Pioneers First-of-its-Kind Parametric Wind Proxy Hedge for Greenbacker with Munich Re, MUFG — kWh Analytics
kwhanalytics.com
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AustralianSuper opposes Brookfield Asset Management - EIG bid for Origin Energy AustralianSuper said Origin is ‘substantially’ undervalued and ‘an ideal platform to invest in the energy transition’. https://okt.to/QMw76s #energytransition #impactinvesting #esg #climatechange
AustralianSuper opposes Brookfield-EIG bid for Origin Energy
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