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SWFI First Read, December 27, 2016

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Statoil Wins Bidding for Offshore Wind Lease in New York

Norwegian state-owned oil giant Statoil ASA has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York with a bid of US$ 42,469,725. The auction was conducted by the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM). The lease comprises an area that could potentially accommodate more than 1 GW of offshore wind.

Allianz Global Investors Helps Finance Grande Prairie Wind Project in Nebraska

On December 21, Allianz Global Investors, a unit of the German insurer Allianz, announced that it has made an investment of over US$ 400 million on behalf of its clients into the Grande Prairie Wind project, a 400 MW wind farm in Holt County, Nebraska – the largest wind energy project in the state’s history. Construction on the project began in July 2015 and is owned by BHE Renewables, a subsidiary of Berkshire Hathaway Energy. The financing consisted of unlisted bonds with a 20-year term that were privately placed with U.S. and European investors through Allianz Global Investors’ infrastructure debt platform. The Grande Prairie Wind project has a long-term power purchase agreement (PPA) with Omaha Public Power District.

Italian “No” Referendum Final Coffin Nail that Killed Investors’ Appetite

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QIA Becomes the Largest Shareholder in Colonial

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The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Mumtalakat Discloses Investment in Khairat Bahrain

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Bahrain Mumtalakat Holding Company disclosed an investment in Sudan called Khairat Bahrain. This is an agricultural investment in Sudan. The food and agriculture sector is key investment sector for many Gulf-based state investors. Khairat Bahrain is located in the world’s richest expanse of groundwater (the Nubian Sandstone Basin) occupying an area of approximately 100,000 feddans (400 square kilometers). The Nubian Sandstone Aquifer System is the world’s largest known fossil water aquifer system.

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Temasek Acquires Cybersecurity Firm Sygnia

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Singapore’s Temasek Holdings agreed to acquire Sygnia, Inc., an Israeli cybersecurity technology and services provider. Unverified estimates of the deal amount are around US$ 250 million. Sygnia runs out of Tel Aviv, but has an office in New York. Sygnia assists companies respond to cyber threats.

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