With an outstanding track record spanning over 23 years, €6.7 billion in direct infrastructure debt and equity investments made since inception, and €3.6 billion of funds currently under management, we are one of the world’s largest and most experienced independent infrastructure managers.
We are a long-term investor, partnering with clients to invest in true infrastructure assets that protect real investment value, while providing predictable cash returns. This is achieved by investing in assets with clear and measurable cash flows and adding value through active asset management.
February 2021
In this month’s article, Whitehelm Capital’s Chief Executive considers how infrastructure investing is changing, and will continue to change, in a post-COVID-19 world.
We look at the implications for what types of infrastructure we invest in. We consider how COVID-19 and global responses are influencing where we invest. Finally, we assess what COVID-19 means for how we invest.
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December 2020
In a world recovering from the COVID-19 crisis, green energy is poised to be a key driver in the revitalisation of the global economy.
Our focus in this article is on the potential role of hydrogen in a new energy economy. We evaluate different sectors and the viability of hydrogen-based solutions that could be applied. Through this examination, we also discuss what other alternatives might play a role in decarbonisation, including battery electrics.
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October 2020
Debt and equity financing have different investment characteristics and these differences result in different risk profiles. However, no matter whether an investor is investing in debt or equity, it remains the case that they are providing capital to a company or an asset to help facilitate its operations. To argue different culpability for climate risk based on the type of capital provided by an investor feels esoteric – the planet warms either way. Our bottom line is that every investment – debt or equity – should be assessed for its climate risks to protect against future investment losses but also to ensure that bigger, more important existential losses do not come to pass.
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Brisbane Airport is the third-busiest airport in Australia in terms of passenger traffic and has been a strong performer, with solid passenger growth since privatisation in 1997. Brisbane Airport has undertaken a number of successful property development, further contributing to its strong performance.
Oaklands Hill is a 63MW wind farm located in Victoria, Australia. Its revenues are underpinned by a 25-year energy offtake agreement with AGL Energy. AGL is also responsible for the O&M of the wind farm under a 25-year agreement. There is no merchant risk with full output contracted under the terms of the PPA to AGL Energy.
Autovia del Noroeste (Aunor) operates a 62.4km motorway (RM-15) located in Murcia, Spain under a shadow toll regime. The concession for the construction and the operation of the motorway was granted by the Regional Government of Murcia in May 1999 and expires in September 2026. Aunor benefits from robust patronage with traffic currently 158% above the maximum guaranteed average daily traffic, ensuring very stable cashflows. Aunor is owned by Sacyr Concesiones (51%) and Eiser Infrastructure (49%).
One of the world’s most experienced infrastructure managers & investment strategy advisers
