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An investigation by cyber security firm Symantec has now uncovered that the North Korean government is stealing tens of millions of dollars by hacking into banks and forcing ATMs to dispense cash to mules.

ENERGY TOP STORIES

Capital Dynamics Closes $1.2 bn clean energy infrastructure fund

The Switzerland-based asset management firm made the announcement this week following the succesful close of another similar fund earlier this year

Capital Dynamics announced the financial close of its Clean Energy and Infrastructure VII JV LLC fund (CEI VII) with total capital commitments of $1.2 bn on Tuesday.

As a result of this close, Capital Dynamics now manages approximately $4.8 bn for its clean energy infrastructure strategy. It is also ranked as the second-largest owner of solar projects in the US. More specefically, Capital Dynamics’ Clean Energy Infrastructure team currently manages 2.3 GW worth of solar projects. This includes five of the 15 largest solar farms in the US.

CEI V closed earlier this year at $1.2 bn and has now been fully invested into over 1.5 gigawatts (GW) worth of solar projects across the US. The three investors in CEI V — Dutch asset manager APG, the California State Teachers’ Retirement System, and  a wholly-owned subsidiary of the Abu Dhabi Investment Authority — are also the primary equity participants in CEI VII which is focued on investing in US-based utility-scale renewable generation assets.

John Breckenridge, head of the Capital Dynamics Clean Energy Infrastructure business, stated: “ With the close of CEI VII, we will continue to execute our proven investment strategy of investing in high-quality renewable energy generation projects,”

 “We greatly appreciate the continued confidence of our major investors and are committed to helping them achieve both their investment and ESG goals. Our highly focused and efficient approach to the sector has led to great success for CEI V and we look forward to continuing to execute our strategy with CEI VII.” He added.

This latest move from Capital Dynamics’ Clean Energy Infrastructure team comes only two months after it completed the financing for its acquisition of California-based yieldco, 8point3 Energy Partners — an acquisition which was first announced in February this year. The completed acquisiton added a portfolio of 14 solar projects that total 710 MW to its own regular portfolio.

-GBO Correspondent.

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