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Creditors holding £5bn of debt have been spooked by default of parent company this month
...Armitt’s intervention follows a warning by the NIC in its latest five-yearly assessment of UK infrastructure that “significant deficiencies” were holding the country back....
...Phil Musser, vice-president of government affairs at NextEra Energy, the US’s largest clean energy developer, said the Treasury guidance would be a “make or break” moment for green hydrogen in the country...
...NextEra Energy, the biggest US renewables developer, saw record orders in 2023 despite the industry being beset by challenges ranging from supply chain disruptions to higher interest rates....
...With a market capitalisation of nearly $120bn, NextEra ranks as the fourth-biggest US energy group after oil companies ExxonMobil, Chevron and ConocoPhillips....
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...Chinese companies dominate Indonesia’s nickel industry, with producer Tsingshan Holdings and battery giant CATL among prominent investors....
...the availability of capital....
...It has already signed deals with several US groups, including an affiliate of NextEra Energy, to supply energy storage projects....
...GIP owns 20.6 per cent and a consortium formed by CVC Capital has 20.7 per cent....
...It also removes a tailwind for the energy transition, which is now much less likely to be propelled to success by a wave of cheap capital. That puts the onus squarely back on policymakers’ shoulders....
...Two of the people said that Elliott’s position was relatively small and it was still evaluating whether to build it to a more material holding. Elliott declined to comment....
...Eni would receive new Ithaca stock as part of the deal, ultimately giving it between 38 per cent and 39 per cent of the enlarged group’s share capital following completion....
...Investment banking revenue increased despite a “decline in global fee pools”, said Nomura, with a particularly strong performance in Japanese equity capital markets....
...I have had my eyes on the company ever since it scored one of the biggest early-stage investments of 2022, according to CBInsights, which tracks venture capital. 1Komma5 raised $218mn from Porsche’s venture...
...Our energy team colleagues explain what’s behind the hold-up....
...In reality, companies have still scaled back capital expenditure....
...That triggered the holding company’s default. The more than £16bn worth of Thames Water bonds sitting below the holding company are part of a so-called whole business securitisation....
...Nimmo has led the struggling KPMG spinout since its 2021 sale to Miami-based private equity group HIG Capital....
...High interest rates and the capital-intensive nature of building clean energy projects are making it difficult for companies to finance projects, with 70 per cent of executives identifying lack of returns...
...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...Perhaps, although regulators do tend to make small but important concessions on cost of capital....
...Despite missing that attraction, our colleague Patrick Temple-West will be reporting from the US capital this week, where the IMF and World Bank are holding their spring meetings....
...Campaigners including ShareAction say this falls short of acknowledging the crucial facilitating role banks play in the energy transition....
...Two of the groups, Silicon Valley venture capital firms Sequoia Capital and GGV Capital, decided in 2023 to split their operations in response to the push for tech investors to disengage from China....
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