Greenbacker ’s Post

Proud to share the official news of our Shareholding announcement - STANLIB Asset Management, a leading South African investor in sustainable infrastructure, has announced the acquisition of a controlling equity interest in Solareff. Parallel to the acquisition of Solareff, STANLIB has also established Solareff Green which offers capex-free energy solutions to C&I customers via power purchase agreements (“PPA”). Read the official press release: https://lnkd.in/dx2y4FuJ We are excited about Solareff’s new PPA offering to the market. STANLIB’s commitment to provide funding for capex-free power solutions and vast experience in managing infrastructure investments played a critical role in our choice of strategic partner. This investment is the beginning of our next chapter as Solareff continues to play a critical role in South Africa’s energy transition. #solareff #STANLIB #solarpower #solarenergy #SAPVIA

Macquarie Asset Management has completed the acquisition of a 49.9% stake in Hydro Rein. As a result of Macquarie’s backing, Hydro Rein said it is expected to be fully funded for its current projects under construction and development costs for projects in the renewables pipeline in the coming years, with an ambition that no new equity will be called on from the owners beyond committed capital. Hydro Rein has 8.4 GW of gross renewables capacity in development across its core markets in the Nordics and Brazil. “We are excited to conclude the transaction, marking the next chapter in our renewable energy partnership with Macquarie Asset Management,” commented Eivind Kallevik, Hydro’s President and CEO. “Hydro Rein is well equipped to execute on its ambitious growth agenda, with a strong project pipeline going forward. Industrial decarbonisation begins with renewable energy and Hydro Rein will be instrumental in supporting Hydro as well as other industries with the energy we need to reduce our CO2 emissions.” “Decarbonising vital industrial materials like aluminium is a key challenge of the energy transition,” said Mark Dooley, Global Head of Green Investments at Macquarie Asset Management. “Hydro Rein is helping to pioneer low-carbon aluminium smelting and is playing a leading role in enabling industries like the automotive sector to reach its decarbonisation targets. I look forward to joining forces once again with Hydro, combining our capabilities to unlock a greener future for industry, and the communities and markets served by industry.” Macquarie closed the deal after first announcing the investment in Hydro Rein last October. The transaction values Hydro Rein at $333 million, as of 30 June 2023, subject to closing adjustments. Macquarie has also contributed $214 million of this amount at closing, with the funds to be transferred by 25 June 2024. The remaining part of the committed capital will be contributed over time as the need arises, added Hydro. #cleanenergy

#Renewableenergy #Solarpowerplant #Investor #investment #Australia #Brookfield Canadian asset management giant has rebounded from the rejection of the $20 billion bid for Origin Energy by launching an agreed $10.2 billion offer for Neoen, the French company that has become the most successful and biggest developer of renewable and storage assets in Australia. Brookfield says it has reached agreement with Impala, the French company controlled by billionaire Jacques Veyrat that has backed Neoen – and the more recently launched TagEnergy – and other shareholders to secure a 53.32 per cent of the company. An offer will be made to other shareholders, pitched at a premium of 27 per cent over the last closing price, and which values the company at €6.1 billion ($A10.2 billion).

Brookfield Asset Management, along with Brookfield Renewable and Temasek, has proposed to acquire the remaining 53.32% stake in Neoen for €39.85 per share. Neoen, based in Paris, operates 8,000 MW of wind, solar, and storage assets and has a 20,000 MW development pipeline. Brookfield Renewable, via the Brookfield Global Transition Fund II, will also buy Neoen’s convertible bonds at the same price, planning to invest up to €500 million (S$730.6 million) in the acquisition. The all-cash offer values Neoen at €6.1 billion, a 26.9% premium over its last closing price and over 40% higher than its three-month and six-month averages. Neoen’s board unanimously welcomed the offer, with CEO Xavier Barbaro calling Brookfield the “partner of choice” for Neoen’s future. IMPALA SAS founder Jacques Veyrat praised the sale, highlighting Brookfield’s leadership in renewable energy. This acquisition is set to drive Neoen’s growth under Brookfield’s financial backing and leadership. #Growth #Renewable #Transition #ClimateChange #ESG #Sustainability #Business #Investment I The Business Times I SPH Media I Michelle Zhu

#Renewableenergy #Solarpowerplant #Investor #investment #Australia #Brookfield Canadian asset management giant has rebounded from the rejection of the $20 billion bid for Origin Energy by launching an agreed $10.2 billion offer for Neoen, the French company that has become the most successful and biggest developer of renewable and storage assets in Australia. Brookfield says it has reached agreement with Impala, the French company controlled by billionaire Jacques Veyrat that has backed Neoen – and the more recently launched TagEnergy – and other shareholders to secure a 53.32 per cent of the company. An offer will be made to other shareholders, pitched at a premium of 27 per cent over the last closing price, and which values the company at €6.1 billion ($A10.2 billion).

STANLIB Asset Management Ltd., one of Africa’s largest investment firms, aims to deploy 3 billion rand ($160 million) to help address a funding gap for major renewable energy initiatives across the continent. The Khanyisa Energy Transition Fund is using initial investment from Stanlib’s sister companies Standard Bank Group Ltd. and Liberty Holdings Ltd. It will start with South Africa and then seek assets across Africa within two years, said Johan Marnewick, head of credit alternatives at Stanlib. “The portfolio comprises a diverse range of technologies, strategically distributed across various geographic locations,” said fund manager Kholofelo Molewa. That’s expected to include wind and solar power, metals critical to electric vehicles such as lithium and transport infrastructure. It aims to be running by the end of the first quarter and to grow assets to $1 billion in three to five years, targeting investors such as pension funds, insurance companies and development institutions. Marnewick said the next jurisdictions to invest will be where Stanlib already has a presence, such as Nigeria and Ghana in west Africa, Tanzania and Kenya in east Africa, and Angola in the south of the continent. Mozambique could also provide viable assets in future, he added. Read more: https://lnkd.in/e4uhhy7D #RenewableEnergy #Solar #SouthAfrica #Africa

As the year draws to an end, we would like to showcase the best of our analysis in 2023, starting with a standout acquisition in the unregulated utility scale commercial renewables sector. With the rise in senior debt pricing and the imposition of stricter lending requirements by lenders, M&A deals in the renewables space stalled. But, not for Brookfield Renewable. Their robust finances and strong bank connections closed major deals while others waited for better conditions. Subscribers can access the article here: bit.ly/3RO6xPv Not subscribed but interested? Please fill in the form in the link provided to discuss how a subscription with this kind of exclusive insights can benefit you. #PFR #PFRAnalysis #Renewables #Acquisitions

PATRIZIA and Mitsui, through their joint venture infrastructure fund management firm, PATRIZIA MBK Fund Management, are making a substantial investment of approximately AUD70 million in YES Group. This collaboration aims to drive a significant solar and battery development program in Australia, working in partnership with A-SIF. The investment includes acquiring an equity stake in YES Group and funding the development of a portfolio primarily focused on sub-5MW solar PV generation and battery energy storage solutions across regional Australia. Once fully operational, this portfolio has the potential to generate over 150MW of capacity, equivalent to reducing more than 335,000 tonnes of CO2 emissions annually compared to coal-fired energy. This initiative builds on the successful partnership between PATRIZIA and YES Group since 2020, where they've already delivered over 60MW of renewable energy projects in regional Australia. Mark Yates, Managing Director of Y.E.S Group, emphasized the vast opportunities presented by the energy transition, and the collaboration with PATRIZIA and Mitsui positions them to seize these prospects effectively. Saji Anantakrishnan, Head of Infrastructure for Australia and Asia at PATRIZIA SE, highlighted their strong commitment to renewable energy and decarbonization. This investment reflects their belief in the long-term potential of renewables and aims to drive the growth of A-SIF in the APAC region. The focus on sub-5MW generation assets ensures diversification, shorter construction times, and less regulatory risk. It's a step toward a greener, sustainable future for Australia. Renewable energy generated will be used to offer greener power solutions to consumers across Australia, aligning with environmental objectives. #RenewableEnergy #Sustainability #GreenTechLeaders

MD Advisors is delighted to have acted as debt advisor to Pioneer Point Partners ('Pioneer') on their acquisition of Esken Renewables, the renewables division of London-listed Esken. Esken Renewables is a leading supplier of biomass fuel to the UK biomass energy industry which has an important role to play in the country’s energy transition. The business delivers c.1.7 million tonnes of waste wood and forestry by-products under contracts to biomass plants across the UK each year. Pioneer, a sustainable, value-added European infrastructure investment firm that focuses on the energy transition and environment sectors, is acquiring Esken Renewables to continue to grow the business. Esken Renewables’ contribution to the energy transition and the circular economy are strongly aligned to Pioneer’s investment objectives. The acquisition was funded by equity from Pioneer and third-party debt facilities. Commenting on the transaction, Mustafa Dincer said: "It’s been a pleasure to assist Pioneer, a sophisticated sustainable investor, in this strategic investment. The financing package delivered in this complex transaction is testament to MD Advisors’ breadth and depth of expertise spanning leveraged and infrastructure debt financings and special situations”. #debtadvisory #privatecredit #infrastructure #privateequity #sustainability #energytransition #specialsituations

Too often, renewable asset portfolios are left to operate at the lowest levels of acceptable output, assigned to time-poor asset managers with limited specific sector knowledge.   If we are to deliver the energy transition in time to meet our global 2050 net-zero targets, ambitious investors in the sector must consistently look for ways of exceeding expected returns on their investment. Trundling along at the lowest acceptable levels of output simply isn't good enough. However, as global demand for renewable energy build-out increases, the relative supply of available skilled and experienced talent is set to drop rapidly. That is a major reason why I founded Neptune Infrastructure Associates - to make available the expertise that has traditionally been locked up in the energy majors, to financial investors in the sector. Having spent most of my career working on originating, negotiating, managing and divesting joint ventures in the infrastructure sectors, I know first-hand the importance of trust and collaboration between partners. When one side holds all the knowledge, data and day-to-day control cards - it rarely ends well for the other side. Developing a deep understanding of your asset is vital in protecting your interests... however, most investors simply don't have the time to take a more active role in their investments. That's where we come in. Neptune Infrastructure Associates are an extension to our client's asset management team. We partner with investors to protect their interests in energy assets, leveraging our extensive hands-on experience, deep sector knowledge and collaborative approach to maximise return on investment. Drop me a message to find out more 👋 #assetmanagement #energytransition #infrastructureinvestors