renewable energy
PAG launches Asia renewables platform
PAG plans to commit more than USD 1bn to renewables over the next several years with the launch of a platform dedicated to the development, construction, and operation of projects in Asia.
Deal focus: TH Capital identifies key niche in energy storage
Zhongchu Guoneng Technology is leading China’s push into compressed air energy storage as a means of harnessing fast-rising yet unstable wind and solar capacity. Tsinghua Holdings Capital is among the backers
Sequoia China leads $210m Series A for Envision Digital
Sequoia Capital China has led a USD 210m Series A round for Envision Digital, a Singapore-based technology developer focused on helping organisations achieve net-zero greenhouse gas emissions.
GIP, AGL commit $1.4b to Australia renewables
Global Infrastructure Partners (GIP) has joined a AUD 2bn (USD 1.4bn) Australian renewable energy development program alongside local utility AGL Energy.
LP interview: British International Investment
British International Investment, formerly CDC Group, is doubling down on an already massive Asia program as it heeds the call for climate action. Specialist funds are the priority
Actis sells India renewables platform to Shell for $1.55b
Actis has sold Indian renewables platform Sprng Energy, including its flagship solar business Solenergi Power, to Shell Overseas investment for USD 1.55bn.
Australia's AGL rejects Brookfield, Grok Ventures bid
Australia-based utility AGL Energy has rebuffed another acquisition attempt from Brookfield Asset Management and Grok Ventures, a private investment firm established by Mike Cannon-Brookes, co-founder of Atlassian.
Korea's Envisioning Partners raises $64m climate tech fund
Envisioning Partners, a Korean impact venture capital firm set up last year, has raised KRW 76.8bn (USD 64m) for a climate-focused tech fund, beating a target of USD 60m.
Japan's Advantage raises renewables-focused SPAC
Advantage Partners has raised $150 million for a special purpose acquisition company (SPAC) that will target de-carbonization and renewable energy-related assets with a focus on Asia ex-China and Europe.
2022 preview: China sustainability
Green-tech investment, from electric vehicles to renewable energy, is already in the ascendency as China ponders a carbon-neutral future. Momentum is expected to grow in 2022
China cleantech: Policy tailwinds
Private equity investment in China cleantech and renewables is at record levels, spurred by robust government support for the industry and a recognition that this time the boom might be sustainable
Sequoia, GIC backing propels Envision's funding round to $1b
Sequoia Capital China and GIC have joined Primavera Capital Group in backing China-based green technology player Envision Group, taking the company’s latest funding round to $1 billion.
Primavera makes $600m China cleantech investment
Primavera Capital Group has invested $600 million in two subsidiaries of Envision Group, a China-based manufacturer of wind turbines, smart batteries, and renewable energy management systems.
Eneos to buy PE-backed Japan Renewable Energy for $1.8b
Eneos Holdings, an oil company and active technology investor, has agreed to acquire Japan Renewable Energy (JRE) from Goldman Sachs Asset Management and GIC.
KKR, OTPP, PSP to buy Australia's Spark Infrastructure for $7.2b
KKR, Ontario Teachers’ Pension Plan (OTPP), PSP Investments have agreed to buy Australia-listed Spark Infrastructure, which has extensive interests in electricity transmission and distribution, for an enterprise valuation of A$10.1 billion ($7.2 billion).
KKR closes Asia infrastructure fund at $3.9b
KKR has reached a final close on its first Asia Pacific-dedicated infrastructure fund at the hard cap of $3.9 billion. It is being called the largest pan-regional infrastructure fund ever raised.
Australia home solar fintech start-up raises $73m
Grok Ventures, an investment firm set up by Atlassian co-founder Mike Cannon-Brookes, has led a A$100 million ($73 million) round for Australian household solar energy financier Brighte.
India renewables platform Ayana receives $70m
India’s Ayana Renewable Power has received $70 million in equity funding from a group of government-backed impact investors, including UK-based CDC Group.
AIIB backs ADM's renewable energy debt fund
Asian Infrastructure Investment Bank (AIIB) has committed $100 million to an Asia-focused debt fund dedicated to renewable energy managed by Hong Kong’s ADM Capital.
Fund focus: Equis’ infrastructure overhaul
Swapping a traditional fund for a less familiar corporate vehicle represented a gamble for Equis, but the Asian infrastructure manager was confident its approach would make sense to a subset of investors
ADIA, OTTP invest $1.2b in renewables-focused Equis
Abu Dhabi Investment Authority (ADIA) and Ontario Teachers’ Pension Plan (OTTP) have confirmed a $1.2 billion investment in Asia-focused renewable energy owner-operator Equis Development.
KKR launches India renewable energy platform
KKR has launched a renewable energy platform in India called Virescent Infrastructure, which will build out a portfolio primarily comprising investments made by KKR’s existing infrastructure business.
OMERS names new Asia infrastructure head
Ontario Municipal Employees Retirement System (OMERS) has appointed Prateek Maheshwari, an existing managing director at the firm, as its head of infrastructure in Asia.
India clean energy: Shock treatment
The economic fallout from COVID-19 will not spare any sector, but careful planning can ensure private equity firms can take advantage of India’s ambitious energy transition goals