Energy

PSP Investments Buys into Pattern Energy Platform

PSP Investments is making a big move into the wind renewable energy sector by increasing its investment with Pattern Energy Group Inc. through a variety of means. First, PSP Investments is purchasing 8.7 million shares, a 9.9% ownership interest, of Pattern Energy stock from Pattern Development 1.0. [ Content protected for Sovereign Wealth Fund Institute […]


Engie to Acquire a 40% Stake in Tabreed

Mubadala is making moves to diversify some of its holdings, letting some foreign companies to have ownership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


No New Investments and Layoffs: Alaska Permanent Fund Preps for Government Shutdown

The State of Alaska could be facing a government shutdown by July 1, 2017. Alaska’s House of Representatives and Senate are at odds with one another – standing in the middle is Alaskan Governor Bill Walker. Governor Walker and Alaskan Democrat officials want to raise taxes, while the Alaskan Republican officials don’t want a tax […]


Overseas Asian Wealth Fund Money Funds Permian Basin Natural Gas Project

Singapore’s GIC Private Limited is making a play to help finance energy development in the Delaware Basin. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CDPQ Gives Major Financial Boost for Osisko Gold Portfolio Acquisition

In a private placement deal, CDPQ is investing C$ 200 million in Osisko Gold Royalties Ltd. Another investor joining the private placement is Fonds de solidarité (FTQ), which is investing C$ 75 million into Osisko Gold. The deal was announced on June 5, 2017. The private placement deal is subject to a 7% capital commitment […]


Kuwait Makes Timely Transfer to SWF, Projects Gov Deficit of $26 Billion

On the backdrop of political headwinds in the GCC region, Kuwait’s parliament had approved a government budget for the current fiscal year to March 31, 2018. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


doha sovereign wealth fund

QIA Disagreed with WSJ Story on Rosneft Buyback

The Qatar Investment Authority (QIA) issued a response to a recent Wall Street Journal (WSJ) story over the 19.5% stake sale of Rosneft to Glencore and the QIA that included an agreement for the Russian government or state entity to buy back shares. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


SWFI First Read, June 2, 2017

Russian Direct Investment Fund Leads Investors into GlobalTruck The Russian Direct Investment Fund (RDIF) has agreed to invest in GlobalTruck, one of Russia’s largest independent transport groups, working in road transportation across Russia. RDIF invested alongside Middle Eastern investors in the deal, with a total aggregate investment exceeding US$ 50 million. GlobalTruck will use the […]


RDIF Corrals Investors to Build Biowaste Disposal Plant in Kaliningrad Region

With the backdrop of the St Petersburg International Economic Forum, the Russian Direct Investment Fund (RDIF) is participating in a deal bringing together the Government of the Kaliningrad Region and RBPI Group, a subsidiary of Thailand’s Charoen Pokphand Group. Charoen Pokphand Group has been active in Russia for quite some time, especially after the European […]


Goldman Sachs Maintains Control in Redexis Gas

USS Investment Management and Denmark’s ATP upped their stakes in Redexis Gas, Spain’s second-largest gas transportation business, to 49.9% collectively. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BlackRock Flexes its Passive Muscle Forcing Climate Change Reporting on ExxonMobil

Shareholders of ExxonMobil voted 62.3% in favor of climate change disclosure. The oil giant will be required to report and disclose potential global laws, regulations and measures that could affect the company in regard to the Paris Agreement on climate change. ExxonMobil’s company management was against the proposal. Interestingly, ExxonMobil has said it supported the […]


Norway’s Sovereign Wealth Fund to Await Climate Change Research Results from NY Universities

The Norwegian Finance Initiative (NFI) has awarded two research grants for two separate research projects at Columbia University and New York University. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


bcIMC Sells 5% Stake in Spain’s CLH to APG

APG Infrastructure, a unit of APG Asset Management, purchased a 5% stake in Compañía Logística de Hidrocarburos SA (CLH) from bcIMC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


In the World of Offshore Peruvian Natural Gas, CNPC to Bet Big on Block 58

China National Petroleum Corporation (CNPC), a state-owned oil giant, announced plans to invest US$ 2 billion in an oil and gas block located in Southern Peru. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 10, 2017

CDPQ to Finance Solar Rooftops On May 1, 2017, Caisse de dépôt et placement du Québec (CDPQ) announced that it will provide C$ 107 million of debt financing to Toronto-based Potentia Renewables Inc. Potentia Renewables is the largest independent rooftop solar power producer in Canada and is 100% owned by Power Energy Corporation, a wholly-owned […]


Qatar Wealth Fund Backed Legally-Entangled Texas Energy Giant

Flying under the radar, Texas-based Vistra Energy (formerly known as TXU), an energy company that emerged from Chapter 11 bankruptcy protection in October 2016, controls TXU Energy and Luminant. The word “Vistra” is a mixing of “Vision” and “Tradition”. TXU Energy operates in the retail electricity market serving roughly 1.7 million residential and business customers […]


Institute Fund Summit 2017 Asia – Singapore Slider 16

Audience is “woke” – Parker Liautaud bridges renewable energy concepts and commercialization < PREVIOUS 17 of 20 NEXT > CONTACT INFORMATION Sponsorship Information Carl Linaburg clinaburg(a)swfinstitute.org General Information events(a)swfinstitute.org Membership Information vberretta(a)swfinstitute.org


Saudi Arabia Deputy Crown Prince to Target Majority of Aramco IPO Proceeds for Domestic Use

In early May 2017, Saudi Arabia Deputy Crown Prince Mohammad Bin Salman Al Saud, in a state televised address, commented that the Public Investment Fund (PIF) will use proceeds from the initial public offering (IPO) in Saudi Aramco will be spent between 50% to 70% domestically. PIF would support and further strengthen the country’s mining, […]


PGGM Gets Exposure to U.S. Residential Solar Contracts from SolarCity

Dutch institutional investor PGGM invested €200 million into a big portfolio of SolarCity residential solar contracts. The revenue streams are linked to 38,000 U.S. homes across 21 states with solar panel installations. The combined capacity of these installations is 275 MW. SolarCity is owned by Tesla (formerly Tesla Motors). The deal gives Tesla cash up […]


Canadian Pension Backed Cubico Buys Italian Solar Portfolio

London-based Cubico Sustainable Investments, a renewable energy investment company backed by Canadian public pension money, has bought 18 solar power plants with a combined total of 105.6 MW from Silver Ridge Power Italia S.r.l. (SRPI). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]