Shift Action for Pension Wealth and Planet Health’s Post

GLIL Infrastructure and Bluefield Solar Income Fund (BSIF), the London-listed income fund (LON: BSIF), are set to inject a further £141 million into solar energy assets in the latest phase of their strategic partnership. The investment will see GLIL acquire a 50% stake in a 112MW portfolio, reiterating its commitment to invest in UK-focussed solar energy assets. The portfolio comprises nine operating sites and spans southern and central England, all backed by the relevant Renewable Obligation Certificates (‘ROCs’) accreditation. Julia Carter, CFA Carter, Deputy Portfolio Manager at GLIL Infrastructure, said: "This acquisition represents the continuation of our strong strategic relationship with the team at Bluefield Solar, as well as our commitment on behalf of our members to helping drive the energy transition." Read more: https://lnkd.in/e8uutJSh Ted Frith Jonathan Ord Richard J. Tomlinson #Pensions #LGPS #SustainableFinance #RenewableEnergy #SolarPower #InfrastructureInvestment #SustainableInvesting #EnergyTransition #UKSolar #CleanEnergy

With Enbridge’s acquisition of new U.S. natural gas utilities, we’re now the largest integrated natural gas utility in North America with infrastructure, employees and customers across Ohio, Utah, Idaho, Wyoming and North Carolina, as well as in Ontario and Quebec. Enbridge Gas utilities now have a combined seven million customers! That’s a big number, but we have a continued focus on the safe and reliable delivery of energy that fuels businesses and heats homes across the continent. Expanding the utility business allows us to leverage the strengths of each company while delivering the energy our customers need and want. Amazingly, our collective franchise network now consists of 178,002 kilometres (110,606 miles) of gas transmission, transportation and distribution mainlines, and 103,726 kilometres (64,453 miles) of service lines. On Nov. 5, the Empire Club of Canada is welcoming Michele Harradence, EVP and President, Gas Distribution and Storage, Enbridge Inc., for her first major address since the acquisition. Harradence will outline how to attract much-needed energy investments to Ontario and beyond. Visit https://lnkd.in/echdw-iz to register to watch the event virtually. #Investment #EnergyEvolution #NaturalGas #ONPoli Empire Club of Canada

NOVA Infrastructure, a middle-market infrastructure investment firm, completed the acquisition of a 70% stake in UGE, a community solar and battery storage business. Financial terms were not disclosed. “Community solar represents a very fast-growing segment of the US power generation market with strong regulatory tailwinds supporting UGE’s portfolio of long-lived assets. UGE provides customers with attractive electricity rates under long term contracts that provide strong downside protection for investors. We have identified value-add initiatives that will accelerate growth in the UGE portfolio and drive strong cash flow generation,” Chris Beall, NOVA Co-Founder and Managing Partner. UGE (led by Nicolas Blitterswyk) was advised by Origin Merchant Partners, CP LLP and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. . NOVA Infrastructure (led by Chris Beall) was advised by Bennett Jones, Blank Rome LLP and Sloane & Company. #MergersAcquisitionsDivestitures #Battery #EnergyStorage

Gore Street Energy Storage Fund plc, part of Gore Street Capital, has secured a Resource Adequacy (RA) contract with J. Aron and Company LLC, a subsidiary of Goldman Sachs, for the Big Rock battery storage project in California. The fixed-price contract is valued at over $14 million per annum, the largest in the fund’s portfolio, and is set to begin in the summer of 2025. “The RA programme in California aims to ensure sufficient generation resources are available to meet the energy system’s supply requirements,” Gore Street said in a statement. “The RA programme requires load-serving entities to demonstrate they have secured enough generation capacity through RA contracts to cover their forecasted peak demand plus a reserve margin. This includes physical resources like energy storage to ensure flexibility and reliability in the power supply. “The RA contract requires a minimum duration of 4 hours. Therefore, the Company’s Big Rock asset will utilise 100 MW of RA deliverability.” Similar to the Capacity Market contracts in Great Britain, this RA contract is stackable with other revenue streams, including wholesale trading and ancillary services, allowing Big Rock to optimise its earnings. The RA contract is expected to account for up to 40% of the total expected revenue over the contract’s life and will help secure project-level debt due to its long-term, fixed-price nature. Gore Street acquired Big Rock in February 2023 and aims to bring the battery storage project online by December 2024. #cleanenergy

Foresight Group Holdings Ltd. has reached a first closing of its Foresight Energy Infrastructure Partners II SCSp (FEIP II) fund after securing €300 million of commitments. FEIP II brought in two new cornerstone investors to the strategy’s first close, including Border To Coast Pensions Partnership, a UK pension pool for Local Government Pension Schemes. Foresight Group noted that ‘momentum for future fund closes is strong’, supported by ‘multiple ongoing discussions with existing and new investors’. Foresight added that it was confident of reaching at least its target fundraise of €1.25 billion during 2025, marking a scaling up of nearly 50% on the prior vintage. “We are delighted to announce the first close of the second vintage of our flagship energy transition fund,” said Dan Wells, Partner Foresight Group, Fund Manager. “With the support of our investors, we are well positioned to continue our further fundraising momentum as we look to provide vital investment in the energy transition in Europe and beyond.” Richard Thompson, Partner Foresight Group, Fund Manager, added: “We look forward to building upon the success of Fund I, investing in key strategic energy assets that remove bottlenecks to the energy transition facilitating the deployment of more renewables and the achievement of net zero goals. “These critical infrastructure assets have long term value and in conjunction with FEIP’s unique approach to portfolio construction, are expected to deliver superior risk-adjusted returns for our investors.” FEIP II has a remit to invest in a diversified portfolio of energy infrastructure assets, such as renewable energy generation, energy storage and grid infrastructure. #cleanenergy

New Post: Kayne Anderson Energy Infrastructure Fund Provides - Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) reported its unaudited assets and liabilities as of November 30, 2024. The company had net assets of $2.5 billion and a net asset value per share of $15.03. Its asset coverage ratios were 664% for senior securities and 503% for total leverage. Investments were primarily in midstream energy companies (95%), with notable holdings including Energy Transfer LP and Enterprise Products Partners L.P. The fund aims to achieve a high after-tax total return through investments in energy infrastructure, adhering to the Investment Company Act of 1940. Read the full article here https://lnkd.in/dCy_Nz2a #Venturecapital #VC #investment #LP #Limited Partner

Boyden Expands Presence in Energy Sector with Acquisition of FWB's Energy Practice in Scotland   Boyden, the global leadership and talent advisory firm, announces the acquisition of FWB's Energy Practice in Scotland, United Kingdom, effective March 1st, 2024. 🔽 Find more info in comments below 🔽 #Boyden #FWB #EnergyPractice #Scotland #Acquisition #OilandGasnews #OilandGasJobs ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

In the past year, Bernhard Capital Partners has announced over $3 billion in agreements to acquire natural gas distribution systems from significant utilities across the Gulf South and New Mexico. Our strategy of investing in critical services and infrastructure that enhance community resilience, combined with the divestiture of natural gas assets as part of the energy transition, has uniquely positioned our team to invest in energy assets that promote a cleaner, more sustainable future. Read more from Managing Director Julius Bedford in the November 2024 Institutional Real Estate Americas issue, where he discusses how BCP is opportunistically acquiring regulated natural gas assets to power community resilience.

Whether it be new manufacturing, mining or tech, industrial development is going to require a huge amount of power. As well, more and more jurisdictions and buyers are screening imports by their carbon content. As such, the pace of economic development of countries will increasingly be governed by their ability to provide sufficient, reliable and low carbon power. I had a great conversation with BNN Bloomberg's Andrew Bell yesterday on how Northland Power Inc. is enabling just that in Ontario (Canada), Poland and Taiwan with three large projects now under construction. We also touched on our strong Q1 results.

Meltek Inc. understands that solving our energy needs requires an all in effort of solar, wind, storage, transmission, along with behavior modification and modern control systems, as noted in this post by Entergy.