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The results suggest that 62% of UK pension scheme leaders are expecting to increase their investment in British infrastructure over the next year (2024). Partnership of UK pension funds GLIL Infrastructure (GLIL) has released the results of its survey of pension scheme leaders' appetite to invest in UK infrastructure. [Extracted from the article]

Private equity firm Cinven is to acquire a majority stake in Amara NZero from ProA Capital. Jorge Quemada, partner and head of Cinven's Iberia regional team, said: "The acquisition of Amara NZero will enable Cinven to invest in a leading player in the energy transition space. [Extracted from the article]

The acquisition increases Downing-managed DORE's number of solar assets to around 4,800, with a total annual average production of 101GWh. Downing Renewables & Infrastructure Trust (DORE) has acquired a £12.6 million ($15.6m) portfolio of operational solar PV assets in the UK. [Extracted from the article]

Rich Kruger, president and chief executive officer of Suncor, said: "This transaction represents a major step in securing long-term bitumen supply to our Base Plant upgraders at a competitive supply cost. Suncor Energy has agreed to purchase TotalEnergies' Canadian operations, Total E&P Canada, for C$5.5 billion ($4bn). [Extracted from the article]

UK pension group Border to Coast has launched the second stage of its private markets programme with £2.3 billion ($2.8bn) fund commitments from its Local Government Pension Scheme (LGPS). The Border to Coast programme aims to broaden partner funds' access to investment opportunities and to provide enhanced, diversified, and risk-adjusted returns for the long term. [Extracted from the article]

Psaradellis said: "Founding and leading RPC has been the highlight of my 23-year career in energy & water infrastructure investing, a career in which I have invested or mobilised over $20 billion of capital. Bob Psaradellis has stepped down as president and chief executive officer of CPP Investment-backed Renewable Power Capital (RPC). Psaradellis, who founded RPC in December 2020, has led RPC to become "a major player across European renewables", with about €1.5 billion ($1.6bn) in investments and a declared 6GW pipeline. [Extracted from the article]

Herbert Smith Freehills has promoted 11 energy and infrastructure lawyers to partner in 9 offices globally. Boulignat's expertise includes advising on M&A and transactions and Morton's practice is focused on corporate law. Lake is an energy infrastructure dispute resolution specialist. [Extracted from the article]

Advisers to RPower: Independence Point Securities - financial Mussalli Law - corporate counsel BoyarMiller - transaction counsel Advisers to I Squared: White & Case - legal counsel I Squared Capital has completed a $400 million growth capital investment in US distributed energy resource platform RPower. [Extracted from the article]

Recycling and waste management company Remondis has acquired 100% of the shares in Iqony's Polish subsidiary SFW Energia. Gliwice-based SFW Energia operates district heating, cooling and power generation plants in Poland, with 3 plants in its ownership and 8 subsidiaries. [Extracted from the article]

Oil company KMG International has signed a $531.8 million syndicated loan with Banca Comerciala RomÃna (BRC). KMG companies to use the loan are: KMG Rompetrol Rompetrol Downstream Rompetrol Rafinare The agreement provides for an accordion clause, which allows the loan to be increased up to $600 million. [Extracted from the article]

Voltalia-owned SPV Karavasta Solar has obtained a €29 million ($31.8m) loan from the European Bank for Reconstruction and Development (EBRD), reaching financial close on a €135 million solar project in western Albania. The shareholder arrangement of the banking consortium is: International Finance Corporation (IFC) - €41 million EBRD Renewable Energy Auctions Programme - €29 million Intesa Sanpaolo - €29 million Voltalia as developer, borrower, and contractor of the project will complete the funding with its own resources. The loan to develop a 140MW solar plant in Fier municipality is part of a €99 million syndicated package provided by an EBRD-led banking consortium. [Extracted from the article]

Macquarie Asset Management has sold stakes in 8 operational wind farms in the UK to funds managed by Equitix, in partnership with Orsted, Equinor, and RWE. Macquarie's European Infrastructure Fund 5 will sell its 50% stake in Offshore Wind Company, which has a 2.4GW portfolio comprises direct and indirect stakes in 8 operational offshore wind farms. [Extracted from the article]

Both served as senior members of Greenhill's telecom and digital infrastructure investment banking team. Guggenheim Securities has expanded its business in Europe with the appointment of 4 senior practitioners from Greenhill to join its global TMT investment banking practice in London. [Extracted from the article]

Wessex Internet, which is held in Abrdn's third core infrastructure fund (ASCI III), received its first subsidy contract under Project Gigabit in August 2022. Abrdn-owned Wessex Internet has secured a £14 million ($17.3m) contract from the UK Government's Project Gigabit to roll-out its full fibre broadband network in the south of England. [Extracted from the article]

Commerz Real has acquired a 39.9MW wind farm in Finland from international project developer Energiequelle. Klimavest impact fund purchased the Kuuronkallio wind farm in June 2021 and the Vaasa wind farm in December 2022. [Extracted from the article]

Previous transactions include: Etix Everywhere Electra Esbjerg Plastic Recycling Plant Ikaros Solar TSE owns the second-largest solar power plant in France and has 1.6GW of projects in the development phase. Eurazeo has invested in French solar energy producer TSE to support the company's growth and develop large-scale photovoltaic and agrivoltaic projects. [Extracted from the article]

The European Bank for Reconstruction and Development (EBRD) has approved a $200 million ($219.1m) loan to Borusan EnBW Enerji inclusive of Dutch development bank FMO funding. Enis Amasyali, general manager of Borusan EnBW, said: "With the loan we have obtained, we will accelerate our investments in the renewable energy sector, as well as in our new business areas, and continue to take steps towards closing the green-collar employee gap and ensuring gender equality within the renewable energy sector.". [Extracted from the article]

The consortium is composed of: EQTEC Poseidon Linde Wood Alfa Laval Chemprod EQTEC will be the consortium's exclusive syngas technology partner. Belleli Group's sister company Poseidon LNG Hub (PLH) has entered a consortium led by EQTEC to develop and deploy waste-to-RNG and waste-to-hydrogen projects in the north of Italy. [Extracted from the article]

Cordiant Digital Infrastructure has completed the acquisition of Ireland's Speed Fibre from the Irish Infrastructure Fund (IIF) for an equity consideration of €97.2 million ($102.6m). The buyer plans for Speed Fibre to serve Ireland's growing data centre sector - forecasted to be the fastest growing hyperscale data centre market in Western Europe over the next 6 years - and achieve its goal of net zero carbon emissions by 2040. [Extracted from the article]

City Green Light (CGL) has secured a 7-year syndicated loan of €197 million ($208m) to support its growth plan and investments in energy efficiency and digitalisation of public administrations in Italy. The Italian Export Credit Agency, under the SACE Green Guarantee scheme, provided €96 million with the remainder being granted by: Intesa Sanpaolo - lender coordinator, bookrunner, MLA, agent bank and Sace agent Cassa Depositi e Prestiti - bookrunner and MLA UniCredit - bookrunner and MLA BNL BNP Paribas - bookrunner and MLA Sparkasse-Cassa di Risparmio di Bolzano - bookrunner and MLA Intesa Sanpaolo also acted as green loan coordinator for structuring the green lines, which amounted to €192 million. [Extracted from the article]

Türkiye Petrolleri secures loan to develop gas project Türkiye Petrolleri (TP) has secured a $611 million loan from international export credit agencies to finance the first phase of the Sakarya offshore gas field development project. TP awarded the EPCI contract for the second phase in May (2023) to a consortium of SLB, Subsea7 and Saipem. [Extracted from the article]

MGT Teesside, a 50:50 JV of Macquarie and Danish pension group PKA, has secured £80 million ($101m) super senior facility as part of the financial restructuring of the 299MW Tees Renewable Energy Plant (Tees REP) in the north east of England. MGT Teesside reached financial close on £900 million of total funding for the Tees REP in 2016, consisting of senior debt and some £221 million of equity. [Extracted from the article]

KKR and TIM have been in exclusive talks for the assets since June (2023) and KKR must submit a binding offer by 30 September (2023). The MoU provides for a binding offer for MEF to acquire up to 20% of the Italian telco's assets in case KKR reaches an agreement with TIM. MEF's move aims to secure that the Italian government keeps a decisive role in the country's strategic assets. The Italian Ministry of Economy and Finance (MEF) and KKR have signed a MoU to co-invest in TIM's fixed line network assets. [Extracted from the article]

The credit line, which will be managed by the subsidiary IWS Fleet and is an amendment to a pre-existing €56.25 million loan, was provided by: Export Finance Norway (Eksfin) - €82.55 million, final maturity in 2035 Skandinaviska Enskilda Banken (SEB) and SpareBank 1 SR-Bank (SR-Bank) - €36.1 million, final maturity in Q1 2028 SEB and SR-Bank have provided bank guarantees of €28 million for Eksfin's tranche. Norwegian shipping company Integrated Wind Solutions (IWS) has secured a €118.65 million ($129.42m) green senior loan to expand its fleet. [Extracted from the article]

The credit line, which will be managed by the subsidiary IWS Fleet and is an amendment to a pre-existing €56.25 million loan, was provided by: Export Finance Norway (Eksfin) - €82.55 million, final maturity in 2035 Skandinaviska Enskilda Banken (SEB) and SpareBank 1 SR-Bank (SR-Bank) - €36.1 million, final maturity in Q1 2028 SEB and SR-Bank have provided bank guarantees of €28 million for Eksfin's tranche. Norwegian shipping company Integrated Wind Solutions (IWS) has secured a €118.65 million ($129.42m) green senior loan to expand its fleet. [Extracted from the article]

The European Commission has approved Norsk Hydro's takeover of Polish recycler Alumetal. The transaction does not entail competition concerns, the Commission ruled yesterday (4 May) and Hydro now expects the tender offer period to end next month (June) and the acquisition to close in early July (2023). [Extracted from the article]

The European Bank for Reconstruction and Development (EBRD) has granted an €88 million ($96m) loan to Greek submarine cable manufacturer Fulgor. The capital will be put to: expanding annual cable production capacity financing associated working capital outlays financing research and development initiatives The loan falls under the EBRD's Greek Recovery and Resilience Facility (RRF) Co-Financing Framework, partly funded by the European Union, and is composed of: EBRD financing - €62.8 million RRF loans channelled through the Greek Ministry of Finance - €25.2 million Fulgor will cover the remaining €22 million costs towards its investment programme. [Extracted from the article]

The loan to the JV between Turkey's Borusan and Germany's Energie Baden-Württemberg (EnBW) is part of a $600 million financing package provided by: Türkiye Is Bankasi Türkiye Sinai Kalkinma Bankasi Garanti BBVA Akbank ICBC Yapi Kredi The proceeds will be used to bolster the company's balance sheet and facilitate a corporate reorganisation to consolidate the company's energy portfolio, said the EBRD on Wednesday (19 April). The European Bank for Reconstruction and Development (EBRD) has approved a $200 million loan to Borusan EnBW Enerji inclusive of Dutch development bank FMO funding. [Extracted from the article]