Australia’s AMP Capital invests $100m in US wind energy project
AMP Capital has injected $100 million in Capistrano Wind Partners, a large-scale wind energy project developer in North America, alongside a consortium of infrastructure investors. AMP made the commitment on behalf of a large Australian superannuation fund client.
Capistrano was formed last year by Edison Mission Energy (EME), TIAA-CREF and Cook Inlet Region. It currently has five operating projects in Nebraska, Texas and Wyoming with a combined capacity of 413 megawatts. The projects are managed by EME.
"The US wind energy market is already well established and is a rapidly growing sector of the energy generation market," said Boe Pahari, AMP's head of infrastructure for Europe and North America, in a statement. "The investment in Capistrano Wind Partners will provide our investors with additional geographical diversification and exposure to a portfolio of high-quality wind projects."
AMP Capital had more than A$126.9 billion under management as of September 2012. It has made over 80 equity and debt infrastructure investments globally since 1988 and its portfolio currently includes assets in Asia, Europe and Australasia, as well as North America. The North America infrastructure business targets the energy and utilities, transport and social sectors.
More on Cleantech
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.