General Atlantic, Cubico, Northvolt & Mitsubishi Make Big Moves

This week we discuss General Atlantic's acquisition of Actus to expand into renewable energy, Cubico consolidating its UK renewable holdings, Northvolt securing project financing to expand its battery factory, and Mitsubishi's investment in European Energy's renewable assets. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, LinkedIn and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech, and I'm here with the founder and CEO of Intelstor, Phil Totaro and the chief commercial officer of Weather Guard, joel Saxum and this is your News Flash. News Flash is brought to you by our friends at Intelstor. If you need actionable information about renewable projects or technologies, check out Intelstor at intelstor.com. Global growth investor General Atlantic has agreed to acquire sustainable infrastructure firm Actis in a deal that will create a diversified investment platform with 96 billion dollars in combined assets and under management. Actis, which manages about 12. 5 billion in assets, will become the sustainable infrastructure arm within General Atlantic's global investment platform. Actis will retain independence over investment decisions and processes under the Actis brand name. So even though they're acting as two separate companies and going to operate quasi separately, General Atlantic is making a big move here on Actis and trying to expand into the renewable energy market, Phil? Philip Totaro: Yeah, General Atlantic already has substantial energy holdings, but this gives them a significant amount of exposure. It's I want to say 6 gigawatts plus of operational and another, I don't know, almost 20 plus gigawatts of pipeline in wind and solar that Actis has been involved in. This is, absolutely a big deal. And it comes on the heels of companies like BlackRock acquiring GIP, which we talked about last week. There's, there's a trend here and a pattern emerging with these, These deals where infrastructure investors seem to be getting a better sense and a better feel for renewables. They understand that even if the supply chain side of it hasn't been particularly profitable, if you're, an OEM, the independent power producers, the project developers, they're usually pretty financially solvent and healthy. And our own analysis confirms that. You're probably going to see a lot more infrastructure, investment vehicles, gobbling up independent power producers. Joel Saxum: Yeah, you always say follow the big money, right? So banks wouldn't be investing in Miami waterfront projects if they thought that the sea levels are going to raise 20 meters next year. So when you see big money making big moves like this, it's, a trend. Like you watch these, all the pension groups and the teacher's pensions and the different things around the world. Those long term investments and infrastructure is the way to go, and I think that BlackRock move, and now this General Atlantic and Actis move, this week is, gonna show that, and we're gonna continue to see some of these deals happen. Allen Hall: Cubico sustainable investments owned by the Ontario Teachers Pension Plan and PSB Investments has acquired Peel NRE's 50 percent stake in Peel Cubico Renewables, a UK Renewable Energy Development joint venture. The financial terms were not disclosed in this transaction. The deal includes transfer of Peel NRE's Renewable Development team to Cubico and the joint venture's current offshore wind and solar pip...