DIF Infrastructure III acquires two solar PV projects in the UK
DIF Infrastructure III has reached financial close on the acquisition of 100% of the Springhill and Islip solar PV projects in the UK from a consortium of private investors, led by Peter Davies, CEO of the solar energy project development and O&M group, Axiom Energy Group Limited.
The Springhill project is located near Moreton-in-Marsh, Gloucestershire and the Islip project is located near Kettering, Northamptonshire. The projects each have an installed capacity of 5MW and were commissioned in July 2011. They benefit from a 25 year feed-in-tariff mandated by the UK Government that is escalated with RPI, and have been financed with separate non-recourse debt finance facilities provided by RBS. Stepnell Limited , the UK construction group, provided sub-debt to the projects, which was acquired by DIF Infrastructure III.
The DIF Infrastructure III fund has already acquired a number of solar PV projects in France and is looking to acquire additional solar PV projects that benefit from feed-in-tariffs in Canada, the UK and France.
In February 2013, DIF Infrastructure III reached the third fundraising close at €604 million. DIF manages funds of in total € 1.6 billion.
Source: DIF
Country news
-
-
July 05, 2013
Assured Guaranty wraps up first UK PFI bonds since 2008
Assured Guaranty Ltd. announced that it is to provide a financial guarantee for a £100 million bond issue for the sustainable communities for Leeds consortium to finance the redevelopment of the Little London, Beeston Hill and Holbeck area in Leeds. Read more -
July 05, 2013
Update 1 siemens and 3I infrastructure sign Thameslink contract to deliver trains worth Circa 1.8 billion
On June 14, 2013, the BRITAIN's Department for Transport has reached financial close with the Siemens/Cross London Trains consortium on a £1.6bn contract to finance, supply and maintain the train fleet for London's Thameslink commuter network. Read more -
July 05, 2013
Siemens abandons Crossrail rolling stock tender
Siemens confirms that it will not be proceeding further in the Crossrail rolling stock procurement process. Read more -
July 08, 2013
Emirates NBD and Foresight Group to co-invest in UK green projects
Emirates NBD confirmed on July 4th that it will support investment in Britain's renewable energy market through a partnership agreement with Foresight Group, the environmental, infrastructure and private equity asset manager. Read more -
July 08, 2013
UK announces Bidders' day for PSBP Batch 2
The UK Government has announced that the bidders' day for the Priority School Building Programme (PSBP) north east private finance batch will take place on Wednesday, 17 July 2013. This follows the successful bidders' days for the Hertfordshire, Luton and Reading private finance batch and the PSBP aggregator model. Read more
