energy
Impact fund invests Nepal hydro player
Private equity investor Dolma Impact Fund has committed $3.2 million to Swet Ganga Hydropower & Construction, a hydroelectric power provider in Nepal.
Australia's PE-backed PARF acquires domestic wind farm
Coopers Gap Wind Farm, a power facility under construction in Australia, has been acquired by the Powering Australian Renewables Fund (PARF), a renewable energy-focused vehicle backed by QIC and Australia’s Future Fund.
Startupbootcamp launches Australia accelerator
Startupbootcamp has extended its network of industry-focused accelerators to 21 across 16 cities with the launch of a program for energy sector start-ups in Melbourne.
Goldman, Tennenbaum acquire Singapore's Conergy
Goldman Sachs Asset Management and Tennenbaum Capital Partners have acquired Conergy Asia & ME, the Singapore-based Asia Pacific branch of global solar power developer Conergy.
IDFC acquires India solar portfolio
IDFC Alternatives has acquired a portfolio of solar power assets in India from US-based renewable energy developer First Solar Group.
Deal focus: PE lights up CleanMax’s global plans
Indian rooftop solar panel company CleanMax Solar is looking to expand its geographic footprint and operational range on the back of a fresh commitment of $100 million from Warburg Pincus. The Middle East and energy storage will be initial focus areas
Renewable energy still faces challenges to viability in Asia
Renewable energy has a way to go before it represents a consistent source of investment opportunities in Asia despite a strong push in recent years, investors told the Infrastructure Investors Forum.
Warburg Pincus invests $100m in India’s CleanMax
Warburg Pincus has committed $100 million to CleanMax Solar, an Indian rooftop solar panel company backed by the International Finance Corporation (IFC) and Bessemer Venture Partners.
China's Zhongzhi invests $80m in renewable energy producer
ZZ Capital, an alternative assets manager and private equity firm backed by China’s Zhongzhi Enterprise Group, has committed EUR70 million ($80 million) to Italy-based renewable energy producer Building Energy.
Tsing Capital targets $300m for China environment fund
Tsing Capital, a Chinese venture capital firm focused on environmental technologies, has launched its fifth flagship fund with a target of $300 million.
Eastspring invests $500m in IFC infrastructure program
Eastspring Investments, an Asia-focused asset management business of Prudential, will invest $500 million in an emerging markets infrastructure development program managed by the International Finance Corporation (IFC).
KVIC, US tech player launch Korea VC fund
Government-back fund-of-funds Korea Venture Investment Corporation (KVIC) and Applied Ventures, the VC arm of US-listed technology developer Applied Materials, have jointly launched a fund focused on Korea start-ups.
PE-backed IEX files for India IPO
Online energy trading platform India Energy Exchange (IEX) has filed for an IPO, providing a partial exit for several private equity backers.
OPIC to invest $195m in India, Indonesia
The Overseas Private Investment Corporation (OPIC), a development finance institution (DFI) backed by the US government, has approved $195 million for investments in India and Indonesia.
IFC, Tata Capital invest $31m in India's Tata Cleantech
Tata Capital and the International Finance Corporation (IFC) have invested INR2 billion ($31 million) in renewable energy-focused non-banking finance company (NBFC) Tata Cleantech Capital (TCCL).
Artesian closes $19.5m Australian cleantech fund
Australian venture capital firm Artesian Venture Partners has raised A$26 million ($19.5 million) for a domestic clean energy fund with a A$10 million cornerstone investment from the government’s A$1 billion Clean Energy Innovation Fund.
Prostar buys majority stake in Korean gas distributor
Energy-focused private equity firm Prostar Capital and its co-investor BlackRock have acquired Korean gas distributor Kyungnam Energy, facilitating an exit for local GP Anchor Equity Partners.
Q&A: Armstrong Asset Management's Andrew Affleck
Andrew Affleck, managing partner of Singapore’s Armstrong Asset Management, explains the role private equity investors can play in developing renewable energy assets in Southeast Asia
PAG set for $1.4b privatization of Yingde Gases
Chinese industrial gases supplier Yingde Gases is scheduled to be delisted in September after shareholders voted in favor of a buyout offer from PAG Asia Capital that values the company at approximately HK$11.3 billion ($1.45 billion).
China’s SDIC to invest $47m in US-based Maxwell
SDIC Fund Management has agreed to invest $47 million in US-listed energy storage and delivery solutions developer Maxwell Technologies.
India, UK launch $620m green infra PE fund
The governments of India and the UK have launched a private equity fund with a target of GBP500 million ($620 million) to invest in sustainable infrastructure projects in India.
China’s first One Belt One Road project secures $1.4b facility
Pakistan’s Karot hydroelectric power project has secured a $1.4 billion facility from a group of Chinese investors and the International Finance Corporation (IFC). It is considered the first infrastructure deal under China’s One Belt One Road initiative.
Solar-focused GP invests $120m in Japan projects
GSSG Solar, a US private equity firm focused exclusively on the solar energy sector, has agreed to invest at least $120 million in an expansion of its Japanese portfolio.
Greenko receives $155m from GIC, ADIA
Singapore sovereign wealth fund GIC Private has joined the Abu Dhabi Investment Authority (ADIA) to invest $155 million in Indian renewable energy developer Greenko Energy Holdings.