Energy Finance and M&A

​Thermal Power
TEPCO and Chubu plan $1 BN investment in US thermal powerby 2030. 
Combined Cooling + Power. 1.5 MW modules. 4 installations representing 230 MW. Uses 85% less water, 40% less power and 80% less energy. Equity from Blue Mountain Capitaland Macquarie.
 
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Week ended April 26: 211 deals representing $2.7 BN. PE making up to 10 investments in a single platform before exiting. Impact investing by DFI, HNWI and insurance cos. Most have DFIs but need other investors to be profitable. Pension funds and insurance cos have been reluctant to commit to impact fundsbecause of the perceived risks, expect greater participation as impact investing becomes more mainstream. Brookfield buys remaining GGP for $9.25 BN. Westfield sold for $16 BN. CenterPoint Energy buys Vectren for $6 BNrepresenting 10% premium. 3 biddersincluding 2 utilities and a financial.