Infralogic

Infralogic’s 3Q24 Global and Regional Rankings Report is now live 👉 https://lnkd.in/dHsHYxSm   📊 Dealmaking figures underscore increased optimism in the privately funded infrastructure and energy markets. The key driver behind this growth has been the high volume of project finance transactions with investors adopting more creative strategies, such as flexible and hybrid financing structures to overcome external challenges.   With 2,098 deals reaching financial close, amounting to USD 713.4m in the first nine months of the year, the industry registered a 4.5% increase in transaction value compared to the same period in 2023, although there was a 12% YoY drop in deal count. 📉

In the latest episode of #Crossroads, Andrew Vitelli, Senior Editor of Energy in the Americas, sits down with Catherine Flax, President of Private Markets at X Machina Capital Strategies (XMC). They discuss her firm’s approach to energy transition, investing in companies that fall between traditional and renewable assets. 🎧 Listen to the full episode here: https://lnkd.in/eJWkPHdV

💡 Book your ticket now and connect with over 435 senior delegates at the Infralogic Investors Forum Australia (https://lnkd.in/gpy78fTy), taking place on 4 March at the Four Seasons Hotel, Sydney and online. This premier industry gathering brings together 160+ LPs from sovereign wealth funds, pension funds, #familyoffices, #GPs, and #advisors. 🌏 Network with industry leaders, discuss the latest #investment trends and strategies with your peers, and build connections that can drive your business forward, both locally and globally. 🤝Don't miss out on this unparalleled opportunity and be part of the conversation that shapes the future of #infrastructure investment. 📢 Register before 20 Dec (This Friday) to get 30% off: https://lnkd.in/g-4dErph #IIFAustralia #privatemarkets #LP #GP #investments #privateequity

Two senior executives in Lazard’s European energy and renewables team are leaving the investment bank, said sources familiar with the matter: https://lnkd.in/e9rkD-3j

Trans-Tasman listed fund manager Morrison is selling the remainder of its Public Infrastructure Partnership (PIP) fund assets, three sources said. These include a 38.3% stake in the 19km, NZD 1bn (USD 590m) Puhoi to Warkworth motorway north of Auckland and 49% of the Melbourne Convention Centre: https://lnkd.in/evr9XVyU

The election of Donald Trump to a second presidential term does not appear to have been a drag on trading activity for clean energy tax credits, operators of two credit transfer platforms told Infralogic. Trump’s return to the presidency in January is expected to bring with it a sea change in federal energy policy away from the strong support for renewables seen under President Joe Biden. But buyers of clean energy tax credits that were strengthened by Biden’s signature climate legislation show no signs of anxiety their purchases are vulnerable to roll back or repeal under the incoming administration. More here: https://lnkd.in/eRW9TsUz

Norfund, a Norwegian development finance institution (DFI), is on the hunt to buy stakes in pan-Asian renewables development platforms, according to three sources familiar. The Scandinavian manager is targeting platforms which are backed by general partners (GPs), the sources said. It has a preference for those with utility-scale clean energy projects across the region: https://lnkd.in/esGEraXP

A sale process has launched for an up to 100% stake in Goshe Energy Storage, a private equity-owned battery storage developer, two sources familiar with the process said. PEI Global Partners is serving as sell side financial, the sources said, adding that teasers for the opportunity went out in the last week. The process is codenamed “Project Prism.” More here: https://lnkd.in/d9-Mxrrc

Australian renewables records are falling like nine-pins. In early November, renewables contributed to 75.6% of the power going into the National Electricity Market (Australia’s east coast network), according to the Australian Energy Market Operator (AEMO). That figure beat the previous record of 75.2% set on 30 October, which beat the previous record of 72.2% set on 9 September. But this rising tide is not lifting all boats. There is one clear loser. Utility-scale solar is in deep trouble. More here: https://lnkd.in/dQAjcZVv

Global toll roads operator Abertis is looking to acquire highway assets in India almost a decade after entering the country, sources familiar told Infralogic. The period of quiet since 2016 – when it bought two roads from Macquarie-managed funds – is largely due to the long-running deal between 2017 and 2020 when Abertis itself was acquired by Atlantia and Grupo ACS, the sources said: https://lnkd.in/ei5Rpxjf