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After Two Clean-Power Deals This Week, Funds Hunt for More

  • Global Infrastructure Partners to buy NRG renewables business
  • ‘Clean-energy infrastructure funds have finally arrived’
An installer  secures a solar panel during installation at a home in Encinitas, California, U.S.

Photographer: Sam Hodgson/Bloomberg

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Infrastructure funds agreed to snap up two clean-energy companies in the past week, both with billion-dollar deals. And they’re hungry for more.

Funds are raising billions of dollars from institutional investors for assets including renewables. As the economics of building and owning power plants get better, in part because of U.S. tax incentives, these power plants can deliver predictable long-term revenue.