Energy

SWFI First Read, May 10, 2017

CDPQ to Finance Solar Rooftops On May 1, 2017, Caisse de dépôt et placement du Québec (CDPQ) announced that it will provide C$ 107 million of debt financing to Toronto-based Potentia Renewables Inc. Potentia Renewables is the largest independent rooftop solar power producer in Canada and is 100% owned by Power Energy Corporation, a wholly-owned […]


Qatar Wealth Fund Backed Legally-Entangled Texas Energy Giant

Flying under the radar, Texas-based Vistra Energy (formerly known as TXU), an energy company that emerged from Chapter 11 bankruptcy protection in October 2016, controls TXU Energy and Luminant. The word “Vistra” is a mixing of “Vision” and “Tradition”. TXU Energy operates in the retail electricity market serving roughly 1.7 million residential and business customers […]


Institute Fund Summit 2017 Asia – Singapore Slider 16

Audience is “woke” – Parker Liautaud bridges renewable energy concepts and commercialization < PREVIOUS 17 of 20 NEXT > CONTACT INFORMATION Sponsorship Information Carl Linaburg clinaburg(a)swfinstitute.org General Information events(a)swfinstitute.org Membership Information vberretta(a)swfinstitute.org


Saudi Arabia Deputy Crown Prince to Target Majority of Aramco IPO Proceeds for Domestic Use

In early May 2017, Saudi Arabia Deputy Crown Prince Mohammad Bin Salman Al Saud, in a state televised address, commented that the Public Investment Fund (PIF) will use proceeds from the initial public offering (IPO) in Saudi Aramco will be spent between 50% to 70% domestically. PIF would support and further strengthen the country’s mining, […]


PGGM Gets Exposure to U.S. Residential Solar Contracts from SolarCity

Dutch institutional investor PGGM invested €200 million into a big portfolio of SolarCity residential solar contracts. The revenue streams are linked to 38,000 U.S. homes across 21 states with solar panel installations. The combined capacity of these installations is 275 MW. SolarCity is owned by Tesla (formerly Tesla Motors). The deal gives Tesla cash up […]


Canadian Pension Backed Cubico Buys Italian Solar Portfolio

London-based Cubico Sustainable Investments, a renewable energy investment company backed by Canadian public pension money, has bought 18 solar power plants with a combined total of 105.6 MW from Silver Ridge Power Italia S.r.l. (SRPI). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Mubadala Reveals New Logo

The Mubadala Investment Company has revealed its new logo, along with a new website. Mubadala Development Company and International Petroleum Investment Company (IPIC) have started to merge operations. The combined entity has total assets of US$ 125 billion, overseeing some 68,000 employees. Mubadala Investment Company has interests and stakes in entities such as The Carlyle […]


Public Fund-Backed LBC Tank Terminals Sells Some Euro Assets to Alkion Terminals

Mechelen, Belgium-based LBC Tank Terminals is one of the biggest operators of bulk liquid storage facilities for chemical petroleum products and base oil products. LBC Tank Terminals is owned by PGGM, APG Asset Management, State Super and Sunsuper. Owners of LBC Tank Terminals LBC Tank Terminal Investor Official Holder Investor Inception Ownership Percentage PGGM ThroughStichting […]


Samruk Kazyna and KazMunayGaz to Earn FCF This Year from Kashagan Oil Field

JSC National Company KazMunayGas, a state-owned energy company, and Samruk Kazyna plan to earn roughly US$ 180 million in free cash flow for the fiscal year from the Kashagan oil field, according to KazMunayGaz chief financial officer Dauren Karabayev in comments obtained by mainstream press. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


Neptune Oil & Gas Plots with CIC on Engie Deal

French utility Engie, formerly known as GDF Suez, is in the midst of potentially large transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NZ Super Fund Stumbles in Wind Turbine Investment Ogin, Writes Off

The New Zealand Superannuation Fund (NZ Super), which made a pivot toward green energy investments in the past few years, has experienced a loss. NZ Super’s investment in Ogin, a U.S. wind turbine company, is being completely written off as Ogin is being wound down. Ogin, formerly known as FloDesign, had sold its wind turbine […]


Macquarie to Acquire Green Investment Bank

A Macquarie-led consortium, comprising Macquarie Group Limited, Macquarie European Infrastructure Fund 5 (MEIF5) and Universities Superannuation Scheme (USS), has agreed to acquire the Green Investment Bank plc (GIB) from the U.K. government for £2.3 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BRICS New Development Bank Contemplates Ruble Bonds

The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is looking at its next round of projects for 2017. Headquartered in Shanghai, the bank is another multilateral finance and investment institution that touts members such as Brazil, Russia, India, China and South Africa (dubbed BRICS). [ Content protected for Sovereign Wealth […]


GE Transportation Buys 50% Stake in Lokomotiv Kurastyru Zauyty Joint Venture

GE Transportation, part of American industrial conglomerate General Electric, finalized the acquisition of a 50% ownership interest in Astana, Kazakhstan-based Lokomotiv Kurastyru Zauyty JSC (LKZ), a locomotive manufacturer and marketer from KTZ (Kazakhstan Temir Zholy). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


AIMCo’s Hand Stuck in Takeover by Total Energy Services

In November 2016, the Alberta Investment Management Corporation (AIMCo) inked a strategic financing deal to assist Calgary-based Savanna Energy Services Corporation, a contract drilling and oilfield services company operating in North America and Australia. AIMCo manages a number of funds including Alberta’s Heritage Fund. Western Energy Services Corporation, an oilfield service company, made a friendly […]


OMERS Directly Invests in Politically-Important Chile LNG Terminal

OMERS had embarked on its inaugural direct infrastructure investment in South America, investing in a major liquefied natural gas (LNG) terminal in Chile. The LNG terminal is located in Quintero Bay, 160 kilometers northwest of Santiago. Notably, the terminal is the southern hemisphere’s first land-based terminal dedicated to the receiving, unloading, storage and regasification of […]


SDIC Fund Management to Buy Stake in Maxwell Technologies

The State Development & Investment Corporation (SDIC) is the biggest state-owned investment holding company in China. SDIC Fund Management Co., Ltd., a unit of SDIC, is investing US$ 46.55 million in equity in Maxwell Technologies, Inc., a developer and manufacturer of capacitive energy storage and power delivery solutions. [ Content protected for Sovereign Wealth Fund […]


Mubadala Plans for a Dual-Tranche Bond

April 11, 2017 UPDATE: Mubadala has raised US$ 1.5 billion in a dual-tranche bond. US$ 850 million was sold in a 7-year tranche and, US$ 650 million in a 12-year tranche. The 7-year tranche was pegged at 100 basis points over mid-swaps, while the 12-year tranche was at 140 basis points over mid-swaps. Dated: April […]


SWFI First Read, April 4, 2017

Cowen Makes Moves, Inks Deal to Buy Convergex Group The Cowen Group agreed to a deal to purchase New York-based Convergex Group, an agency-focused global brokerage and trading related services provider, for US$ 116 million in cash and stock from a group of investors including BNY Mellon, private equity firm GTCR and other investors. In […]


Investor Group to Acquire Energias de Portugal’s Spanish Gas Distribution Network

Lisbon-based Energias de Portugal, S.A. (EDP) has agreed to the main terms of selling its gas distribution subsidiary in Spain, Naturgas Energía Distribución, S.A. (NED) to an investor group, valuing the unit at €2.591 billion. NED is made up of over 1 million supply points of natural gas and liquefied propane gas, located in the […]