Connect with us

Masdar to Lead Joint-Venture of Serbia’s Largest Wind Farm

Published

on

Masdar, the renewable energy arm of Abu Dhabi’s Mubadala Investment Company, has agreed to lead the development of a 158 MW wind farm outside Belgrade in collaboration with the farm’s original developer, Cibuk Wind Holdings. Vetroelektrane Balkana – the project company behind the farm – is wholly owned by Tesla Wind, a 60:40 joint-venture between Masdar and Cibuk.

Financing for the € 300 million project has been provided primarily by the European Bank for Reconstruction and Development and the International Finance Corporation, as well as Italy’s Banca Intesa Sanpaolo, Erste Bank Group AG, UniCredit SpA, and the European Investment Bank’s Green for Growth Fund.

Dubbed the Cibuk 1, the wind farm will cover an area of 37 square kilometers and provide power to 100,000 homes, making it the largest utility-scale commercial wind project in Serbia and the Western Balkans. It is due for completion in the first half of 2019.

Johnson Controls Sells Battery Unit to Brookfield and CDPQ

Published

on

Brookfield Business Partners L.P. and Caisse de dépôt et placement du Québec (CDPQ), announced that they have reached an agreement whereby Brookfield and CDPQ will acquire 100% of Johnson Controls’ Power Solutions business for in a cash valued transaction valued at approximately US$ 13.2 billion. Brookfield Business Partners is the flagship listed business services and industrials company of Brookfield Asset Management Inc. Closing of the transaction remains subject to customary closing conditions including regulatory approvals. Closing is expected to occur by June 30, 2019. The seller is Johnson Controls International plc. The unit employees roughly 15,000 people.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

MAS Seeks to Commit $5 Billion to Private Equity and Infrastructure Managers

Published

on

From U.S. pension funds to asset-heavy sovereign wealth funds, Singapore is calculating that more institutional investor assets globally are being committed to the Asia region. The Monetary Authority of Singapore (MAS), Singapore’s central bank, signaled and planned to commit US$ 5 billion with locally-based fund managers who will invest in private enterprises and infrastructure projects. The beneficiaries of the mandates will be private equity and infrastructure fund managers. MAS is seeking to lure top global asset managers to Singapore and firms that have a significant footprint in Singapore could be eligible for the funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Ivanhoe Cambridge Acquires Cap Ampere Campus from Natixis

Published

on

In one of the largest transactions in the French office sector, Ivanhoé Cambridge, real estate subsidiary of Caisse de dépôt et placement du Québec (CDPQ), has acquired a 90,000 square meter office-building campus from Natixis, in the Greater Paris area of Saint-Denis Pleyel. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.