By Aaron Vale, CAIA, CFA, MFin, Global Managing Director, Mexico Infrastructure Partners In recent years, owning a natural gas power plant in the U.S. felt tenuous. Today, it can be among the most coveted assets in private infrastructure portfolios. Investors who recognized this shift early have been rewarded. Understanding what changed, and what it means for investors, requires tracing an arc from boom to bust, and back again.
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