87% of Indian occupiers want half of office portfolios powered by renewables by 2030 by Andrea Zander | May 3, 2024 A majority of occupiers in India believe that at least half of their office portfolio should be powered by renewable sources by 2030 to align with broader net-zero carbon goals, according to a recent survey by JLL.
U.S. adds 175,000 jobs in April, below economists’ forecasts by Loretta Clodfelter | May 3, 2024 U.S. nonfarm payroll employment increased by 175,000 in April, according to the Bureau of Labor Statistics, and the unemployment rate ticked up to 3.9 percent. The total was below the forecast from Oxford Economics, but the labor market remains healthy.
$60b merger between ExxonMobil and Pioneer Natural Resources reaches completion by Kali Persall | May 3, 2024 ExxonMobil has acquired Pioneer Natural Resources Company, creating an “unconventional” business with the largest, high-return development potential in the Permian Basin, according to ExxonMobil.
Jeff Baudier rejoins Bernhard Capital Partners as a senior managing director by Released | May 3, 2024 Jeff Baudier has rejoined Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, as a senior managing director.
Two CIP-owned projects secure grants in European hydrogen bank auction by Kali Persall | May 3, 2024 Two hydrogen projects owned by Copenhagen Infrastructure Partners’ (CIP) CI Energy Transition Fund I have successfully secured grants from the European Commission in its first European hydrogen bank auction.
Habitat Energy to optimize UBS Asset Management’s 730MW battery storage portfolio in Texas by Kali Persall | May 3, 2024 Habitat Energy, a Quinbrook Infrastructure Partners portfolio company, and UBS Asset Management’s Real Estate & Private Markets business have agreed to optimize 730 megawatts of battery-storage assets in Texas’ ERCOT market.
Africa investor’s Hubert Danso urges institutional investors to harness IIPPs opportunities, criticizes MDB reform agenda by Kali Persall | May 2, 2024 Hubert Danso, CEO and chairman of Africa investor, is calling on long-term investors to harness opportunities offered by institutional investor public partnerships.
Copenhagen Infrastructure Partners enters hydrogen partnership with Uniper by Released | May 2, 2024 Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund, and Uniper have signed a memorandum of understanding to strengthen collaboration on bringing green hydrogen from CIP’s HØST PtX Esbjerg project to Germany.
EQT and T-Mobile launch JV to acquire FTTH platform, Lumos by Kali Persall | May 2, 2024 EQT and T-Mobile have entered into a joint venture with EQT’s Infrastructure VI (EQTI VI) fund to acquire fiber-to-the-home (FTTH) platform Lumos from EQT’s predecessor fund, EQT Infrastructure III.
Tillman Infrastructure captures $1b of financing by Kali Persall | May 2, 2024 Tillman Infrastructure, a U.S. developer, owner and operator of wireless communication infrastructure, has completed a $1 billion financing package.