Tanu Pandey

Singapore

Journalist at Acuris

Senior Journalist at Infralogic

Full time journalist, a writer, dreamer and part-time mum

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Articles

Vattenfall hires advisors to sell heating business

1 month ago | ionanalytics.com | Rory Gallivan |Tanu Pandey |Edith Leung

News (Intelligence) Vattenfall has begun selecting advisors for the potential sale of its UK, Swedish and Dutch heating operations as well as its electricity distribution activities in the UK. The Swedish utility has picked Barclays as a financial advisor to advise on options for the businesses, sources said, adding that any broader sale is most likely to involve different processes for the three countries. Barclays declined to comment.
KKR’s ContourGlobal shortlisted on Cubico sale

2 months ago | ionanalytics.com | Tanu Pandey |Edith Leung

News (Intelligence) KKR Infrastructure’s ContourGlobal is advancing to the second stage in the sale ofCanadian pension fund-backed renewable energy company Cubico Sustainable Investments, three sources familiar told Infralogic. London-headquartered independent power producer Cubico, which is owned by Ontario Teachers’ Pension Plan (OTPP) and Public Sector Pension (PSP) Investment Board, expects to take binding offers over the next month, they said.
CIP in hiring spree as flagship fundraise nears close

Jan 16, 2025 | ionanalytics.com | Brendan Malkin |Jessica Wong |Tanu Pandey

News (Intelligence) Copenhagen Infrastructure Partners (CIP) has hired almost 170 new staff over the past year, underlining its commitment to growth as it prepares to close fundraising for its flagship fund at a record for the firm of some EUR 12bn of commitments.
Two UK CCS projects near GBP 6.7bn debt signing

Oct 4, 2024 | ionanalytics.com | Tanu Pandey |Brendan Malkin |Rouhan Sharma

The UK’s major carbon capture and storage (CCS) projects in the industrialised Teesside and Humber regions have arranged debt packages worth a combined GBP 6.7bn and are close to signing the deals within the next few weeks, sources said.
Cubico owners sound out buyers ahead of sale

Aug 27, 2024 | ionanalytics.com | Tanu Pandey |Keane Hoo

The owners of renewable energy developer Cubico Sustainable Investments are sounding out potential buyers for the sale of the London-based company, although a formal sale process has yet to launch. Cubico’s owners Canadian pension funds – Ontario Teachers’ Pension Plan (OTPP) and Public Sector Pension (PSP) Investment Board – are planning a complete exit from the business and started reaching out to potential investors this May, sources familiar with the deal told Infralogic.
EDF's UK renewables sale on hold

Aug 15, 2024 | ionanalytics.com | Tanu Pandey |Keane Hoo

French utility EDF’s sale of renewable power portfolio in the UK with a generation capacity of about 600 MW has been put on hold, sources familiar with the transaction told Infralogic. EDF Renewables, which was seeking to sell about 49% in the portfolio, put the process on hold late last month amid a lower valuation on the portfolio pegged by potential buyers, sources said, adding that the seller was not ready to take a hit on the capital expenditure made on the portfolio.
Thurrock Council puts offshore wind farm stakes on the market

Aug 5, 2024 | ionanalytics.com | Tanu Pandey |Keane Hoo

The UK’s debt-laden Thurrock Council in Essex has put on the block its minority stakes in two offshore wind farms with a combined capacity of about 530 MW, sources familiar with the transaction have told Infralogic. The assets include the council’s 7.8% stake in the 317 MW Sheringham Shoal offshore wind farm off the Norfolk coast and a 4.8% stake in the 210 MW Westermost Rough wind farm off the Holderness coast in the North Sea, England, sources said.
Actis advances talks to back India hydrogen business

Jul 30, 2024 | ionanalytics.com | Tanu Pandey |Keane Hoo

UK-based global investor Actis is negotiating an investment in Indian hydrogen company Hygenco Green Energies, two sources familiar told Infralogic. Actis made an offer to invest in Hygenco, which is seeking to raise about USD 200m from an equity investor, the sources said, without disclosing further details of the former’s offer. Avendus Capital is advising Hygenco on the fundraise, as reported earlier. Actis, Hygenco and Avendus did not respond to requests for comment.
Mitsui frontrunner for Terra Solar’s minority sale, sources say

Jul 18, 2024 | ionanalytics.com | Jessica Wong |Tanu Pandey |Mick Basa |Keane Hoo

Japanese conglomerate Mitsui is the frontrunner in an auction for 40% of Philippines-based Terra Solar, according to three sources familiar. Mitsui’s ties with Terra Solar’s parent group Meralco may help its bid, the sources said without elaborating. Mitsui, through its local unit Mit-Renewables Philippine Corporation, has a joint venture with Meralco’s renewables arm MGen Renewable Energy (MGreen) – which holds 55.96% of SP New Energy Group – which owns Terra Solar.
Ørsted seeks advisors for UK offshore wind sell-down

Feb 23, 2024 | ionanalytics.com | Stefano Berra |Tanu Pandey |Brendan Malkin

Ørsted has kicked off a search for advisors to help it sell a 50% stake in its 2.9 GW Hornsea 3 offshore wind farm in the UK, after reviving the project at the end of last year. The Danish energy giant recently contacted possible M&A advisors for the sell-down, said three sources familiar with the matter, with one adding that more than 10 banks have been approached. The company is also looking for debt advisors to help raise debt on the back of the stake, according to another source.