The deal marks GIC’s first infrastructure investment in the Philippines.
Falling power prices following the end of a fixed-price contract have led to a write down of about $16m.
JLM Energy installs solar-powered battery systems for no upfront cost and is repaid through energy cost savings.
Described by the Danish government as a bellwether in 2009, the 21MW site is now being touted to local and foreign investors.
President Alfred Griffin told us he wants ‘to put substantial capital to work’ as the green bank eyes a more ‘national footprint’.
The Ontario-based developer is listing 72.7MW of assets on the Tokyo Stock Exchange.
Some 22,000 potential energy storage sites have been identified in a new study, with a capacity of 67,000GWh.
The Australian fund manager is currently raising its second Asia-focused infrastructure vehicle, with a $300m commitment secured from AIMCo last month.
The vehicle’s first close raised just £33m short of its predecessor’s total amount.
The 600MW plant will be one of the world’s largest in what is a major strategy shift for the Italian investor.