REPORTS

In April, Fri-El Green Power SpA’s subsidiary, Alerion Clean Power SpA, purchased 51% of Fri-El Anzi Srl, an Italian firm that manages an electric power generation facility in Bolzano. The acquisition was completed for a sum of €18.8M. The company has been operating an onshore windfarm in Anzi, Italy since June 2011. The windfarm consists of eight Vestas V90/2000 turbines...

In March 2023, INPEX Corporation acquired a 16.7 percent stake in the Moray East Offshore Wind Farm, which is currently in operation off the coast of Scotland, with an installed capacity of 950MW produced by one hundred 9.5-megawatt units. Priced at an estimated GBP400m, indicating a total equity value of approximately GBP2.4bn, the acquisition was carried out through INPEX Renewable...

The infrastructure asset class showed resilience this quarter amid various macroeconomic and geopolitical headwinds with both infrastructure equity and debt showing positive returns. High demand for unlisted infrastructure continues to support asset values. The infra300® index, which tracks a representative global sample of unlisted infrastructure equity investments worth more than $300bn, had a 8.81% total return in Q1 2023 (local...

Central banks continue to tighten monetary policy in the UK, Europe and the US.  As of March 2023, the Federal Reserve has increased interest rates nine times since March 2022 (Smith & Duguid, 2023). The European Central Bank also raised interest rates in March, albeit from a lower base, despite ongoing concern about financial stability in the region in the...

SSE plc has sold a 25% stake in its SSEN Transmission SPV, which operates the energy transmission network in the north of Scotland, to Ontario Teachers’ Pension Plan Board for $1.77bn. The deal was completed in December 2022 and achieved a price-to-sales of 9.16. This is above the 3.1 average for UK network utilities sales (absolute last five-year mean), according...

The Q4 2022 release of the EDHECinfra indices presents our updated views in the light of recent government intervention in the European and UK energy market due to the ongoing gas supply disruption. This report updates the Q3 2022 report and is presented following the TICCS® taxonomy of infrastructure companies. Over the course of the fourth quarter of 2022, European...