The International Finance Corporation (IFC) has announced that it has arranged a financing package of up to US$188 million for the 200 MW Baynouna plant, the largest solar photovoltaic (PV) power plant in Jordan to date.
IPP Today News
IPPToday #134: EBRD to finance rehabiliation of 1320 MW Enguri hydropower plant in Georgia for the fourth time
The European Bank of Reconstruction and Development (EBRD) has announced that it is to finance the modernisation and rehabilitation of the Enguri hydropower plant. With an installed capacity of 1320 MW, it supplies 40% of Georgia’s electricity.
In November 2017, solar tender and auction activity in India plummeted. In response, the Ministry of New and Renewable Energy set out plans to tender 3 GW of solar projects in January 2018. Despite the bold scale of the plans, the ministry seems to be keeping its word.
The Dutch Ministry of Economic Affairs and Climate Policy has held the country's first zero-subsidy offshore wind tender. The tender, described as a huge breakthrough by the Minister of Economic Affairs and Climate Policy, concerned sites I and II of the Hollandse Kust (Zuid) off-shore wind farm. It closed on 21 December 2017.
The Renewable Energy Project Development Office (REPDO) within the Ministry of Energy, Industry and Mineral Resources in Saudi Arabia has shortlisted two bids to develop a 300MW solar photovoltaic plant in Sakaka, Al Jouf. This is the first competitively tendered utility-scale solar project in the country.
IDB Invest, the private investment arm of the Inter-American Development Bank, has signed a US$1 billion senior, unsecured A/B loan package to Empresas Públicas de Medellín (EPM) to fund the construction of the 2.4 GW Ituango hydroelectric plant, to be the largest hydropower project in Colombia.
Dominion Energy, Inc. and SCANA Corporation have announced an agreement for the companies to combine in a stock-for-stock merger. Including assumption of debt, the value of the transaction is approximately $14.6 billion.
EDP Renováveis, S.A. (EDPR), through its fully owned subsidiary EDP Renewables North America LLC, has completed two tax equity financing deals in exchange for interests in four wind and three solar projects in the USA. The total financing amounts to US$507 million.
Oman Power and Water Procurement Company (OPWP), a member of Nama Group, has released a Request For Qualifications for a 500 MW solar photovoltaic (PV) plant. This is the first large utility scale solar photovoltaic independent power project to be developed in Oman.
Aela Energía, a joint venture of Actis (60%) and Mainstream Renewable Power (40%), has secured project financing for the construction of two wind farms to be located in the Atacama and Los Lagos regions of Chile. Together the projects will contribute installed capacity of 299 MW to the Central Power Grid System.
The consortium proposing to build a 250 MW wind farm in Ras Ghareb, Egypt have achieved financial close for the project. The estimated value of the wind farm is US$400 million.
Goldwind Australia, a subsidiary of Chinese wind turbine manufacturer, has secured nearly AUD700 million (US$536 million) project financing for construction of Australia’s largest wind farm, the 530-MW Stockyard Hill Wind Farm, located in Western Victoria.
Ethiopian Electric Power (EEP) has signed power purchase agreements (PPAs) with Corbetti Geothermal Power regarding two 500 MW geothermal projects in the Main Ethiopian Rift Valley that require a total investment of US$4 billion
The Power Trading Chamber (CCEE) of Brazil has announced that more than 3,841.6 MW of power supply contracts were awarded in the tender that took place yesterday. Around 572,518,389 MWh were awarded for a total BRL108.46 billion (US$32.96 billion), or an average price of BRL189.45 (US$57.5) per MWh.
GNPower Dinginin Ltd. Company (GNPD) has reached financial closing for the second generator of the $1.7-billion supercritical coal-fired power plant in Bataan, in the Central Luzon region of the Philippines. GNDP is owned by the Ayala group subsidiary AC Energy Holdings Inc. (50%) and Therma Power Inc., a unit of Aboitiz Power Corp. (50%).
Brazil's Ministry of Mines and Energy has announced that the winning projects in the power transmission line auction that took place on Friday 15 December represent BRL8.75 billion (US$2.66 billion) in investments.
Karnataka Renewable Energy Development Ltd (KREDL) is inviting Requests for Proposals for 860 MW of solar projects, to be allocated across 43 selected taluks, regional subdivisions of Indian states.
The first Latin America ±800 kV UHVDC (Ultrahigh-Voltage Direct Current) Electricity Transmission Line came into operation on December, 12th 2017 which drains energy generated by the Belo Monte Power Plant in Xingu (Pará, North of Brazil) to the National Interconnected System (SIN – Sistema Inter Nacional) in the Southeast region.
Solar Energy Corporation of India Ltd (SECI), an entity of the Indian government, has released the request for selection (RfS) document for the construction of 2 GW of wind projects to be connected to the country's inter-state transmission system (ISTS).
Egypt's Ministry of Electricity and Renewable Energy and the Egyptian Electricity Transmission Company (EETC) have released a tender for 600 MW of solar photovoltaic (PV) capacity.