International News

InstarAGF closes Essential Infrastructure Fund at $740M

InstarAGF Asset Management Inc. and AGF Management Limited announced the final closing June 27 of the InstarAGF Essential Infrastructure Fund, with $740 million in aggregate equity commitments from institutional and high net worth investors from Canada, Europe, the United Kingdom and United States.

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NY to seek US$1.5B  in renewables

As part of a Clean Climate Careers initiative that New York State Governor  Andrew Cuomo announced June 2, he said the state will make an “unprecedented” investment of up to US$1.5 billion in major renewable energy projects.

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Merchant generators in trouble in US: study

Merchant generators are increasingly unable to recover fixed costs in electric power plants, an economic reality eroding their financial viability and grid reliability, according to a study released June 21 by the Wilkinson Barker Knauer LLP law firm and the Power Research Group.

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NY State to push storage

The UN Climate Programme reported June 28 that the New York State Legislature had recently approved a bill to establish an energy storage deployment programme, including an energy storage target for 2030.

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