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IPPToday #303: US$475 million waste-to-energy project in Australia reaches financial close

IPPToday #303: US$475 million waste-to-energy project in Australia reaches financial close

🕔Oct 18, 2018

DIF has announced that it has achieved financial close of a AUD668 million (US$476.1 million) greenfield waste-to-energy facility in Kwinana, near Perth, Australia, in consortium with Macquarie Capital and Phoenix Energy AustraliaDIF has acquired a 60% shareholding in the project through two of its funds: DIF Infrastructure IV and DIF Infrastructure V.

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IPPToday #302: US$920 million asset sale leads to UK's first 100% renewable energy business

IPPToday #302: US$920 million asset sale leads to UK's first 100% renewable energy business

🕔Oct 17, 2018

Iberdrola, through its subsidiary ScottishPower, has agreed to sell its traditional generation assets in the United Kingdom to Drax Smart Generation, a subsidiary of the Drax Group for GBP702 million (US$922.5 million). Thus, the company becomes the first 100% renewable integrated energy business in the UK.

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IPPToday #301: EIB approves financing for 420 MW hydropower project in Cameroon

IPPToday #301: EIB approves financing for 420 MW hydropower project in Cameroon

🕔Oct 16, 2018

The European Investment Bank (EIB) has announced that it has approved financing for the 420 MW Nachtigal hydropower project in Cameroon, which has an estimated total cost of EUR1.17 billion (US$1.35 billion).

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IPPToday #300: 255 MW solar project in Australia achieves financial close

IPPToday #300: 255 MW solar project in Australia achieves financial close

🕔Oct 11, 2018

Maoneng Australia has announced that it has achieved financial close for the 255 MWp Sunraysia Solar Farm, located in New South Wales, south-east Australia.

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IPPToday #299: UK energy regulator launches US$2.6 billion transmission tender

IPPToday #299: UK energy regulator launches US$2.6 billion transmission tender

🕔Oct 10, 2018

The UK government's Office of Gas and Electricity Markets (Ofgem) has launched the sixth round of the offshore transmission owner regime, which uses competitive tendering to license offshore electricity transmission. The tender covers links to three offshore wind farms with an estimated total value of GBP2 billion (US$2.62 billion).

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IPPToday #298: Macquarie joins consortium developing 11 GW renewables hub in Australia

IPPToday #298: Macquarie joins consortium developing 11 GW renewables hub in Australia

🕔Oct 9, 2018

The project company for the Asian Renewable Energy Hub has announced that Macquarie Group has agreed to join the consortium developing the project and provide development capital. Macquarie's consortium partners for the over 11 GW project are Intercontinental Energy, Vestas and CWP Energy Asia.

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IPPToday #297: Offshore wind project in Belgium achieves US$800 million financial close

IPPToday #297: Offshore wind project in Belgium achieves US$800 million financial close

🕔Oct 8, 2018

Northwester 2, the project company for a 219 MW offshore wind farm to be located in the Belgian North Sea, has announced that the project has reached financial close. Northwester 2 is owned by Parkwind (70%) and Sumitomo Corporation (30%).

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IPPToday #296: German government announces new tenders for over 8 GW solar and wind capacity by 2020

IPPToday #296: German government announces new tenders for over 8 GW solar and wind capacity by 2020

🕔Oct 4, 2018

The government of Germany has passed a resolution to tender over 8 GW solar and wind capacity in the next two years.

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IPPToday #295: LNG Canada partners to proceed with US$14 billion LNG project in British Columbia

IPPToday #295: LNG Canada partners to proceed with US$14 billion LNG project in British Columbia

🕔Oct 3, 2018

LNG Canada has announced that its joint venture participants – Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS – have taken a Final Investment Decision (FID) to build an LNG export facility in Kitimat, British Columbia.

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IPPToday #294: 850 MW gas-fired power project in Mexico reaches financial close

IPPToday #294: 850 MW gas-fired power project in Mexico reaches financial close

🕔Oct 2, 2018

EVM Tenedora, S.A.P.I. de C.V. and EFS Global Energy B.V., a subsidiary of GE, has secured US$740 million financing for the development of an 850 MW power plant in Axapusco, Mexico, located approximately 60km north-east of Mexico City.

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IPPToday #293: Enel sells stake in 1.8 GW renewable projects in Mexico for US$1.4 billion

IPPToday #293: Enel sells stake in 1.8 GW renewable projects in Mexico for US$1.4 billion

🕔Oct 1, 2018

Enel, acting through its renewables subsidiary Enel Green Power (EGP), has closed the sale of 80% of the share capital of eight special purpose vehicles (SPVs), which own a combined 1.8 GW renewable capacity in Mexico, to the Caisse de dépot et placement du Québec (CDPQ) and the investment vehicle of the pension fund CKD Infraestructura México (CKD IM), an investment vehicle of some of the largest pension funds in Mexico.

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IPPToday #292: US state launches RFP for 400 MW renewable projects

IPPToday #292: US state launches RFP for 400 MW renewable projects

🕔Sep 27, 2018

The Narragansett Electric Company (NEC), an electric distribution company serving customers in Rhode Island and a subsidiary of UK utility National Grid, has issued a Request for Proposals (RFP) for the supply of energy as well as Renewable Energy Certificates and related attributes from up to 400 MW renewable energy projects.

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IPPToday #291: SSE to buy Fluor out of 1.5 GW offshore wind project in Scotland

IPPToday #291: SSE to buy Fluor out of 1.5 GW offshore wind project in Scotland

🕔Sep 26, 2018

SSE has announced that it is exercising its pre-emption right to acquire Fluor's 50% share in Seagreen Wind Energy Limited, established to develop offshore wind projects in the Firth of Forth Zone in east-central Scotland.

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IPPToday #290: Government of Nepal to re-award US$2.5 billion hydropower project to China Gezhouba Group

IPPToday #290: Government of Nepal to re-award US$2.5 billion hydropower project to China Gezhouba Group

🕔Sep 25, 2018

A government minister of Nepal has stated that China Gezhouba Group Company (CGGC) will construct and finance a 1,200 MW hydroelectric power plant in the country. CGGC agreed to develop the US$2.5 billion Budhi Gandaki project last year, but the agreement was scrapped shortly after and the project re-assigned to state-owned Nepal Electricity Authority (NEA).

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IPPToday #289: US$1.5 billion acquisition to create second largest solar portfolio in North America

IPPToday #289: US$1.5 billion acquisition to create second largest solar portfolio in North America

🕔Sep 24, 2018

Consolidated Edison, Inc. (more commonly known as Con Edison) has announced that one of its subsidiaries has agreed to acquire 981 MW AC of operating renewable energy generation projects from a subsidiary of Sempra Energy. The purchase price is US$1.54 billion (subject to closing adjustments, including working capital).

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IPPToday #288: Tender for 1.5 GW solar project launched in Kuwait

IPPToday #288: Tender for 1.5 GW solar project launched in Kuwait

🕔Sep 20, 2018

The Kuwait National Petroleum Company (KNPC) has launched a tender for the design, construction, commissioning, operation and maintenance of the Al-Dibdibah solar project. The project will comprise five solar generating units (SGUs), which can each have a maximum capacity of 300 MW (AC).

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IPPToday #287: Ørsted to sell 50% stake in 1.2 GW UK offshore wind farm for US$6 billion

IPPToday #287: Ørsted to sell 50% stake in 1.2 GW UK offshore wind farm for US$6 billion

🕔Sep 19, 2018

Ørsted has announced that it has signed an agreement to sell 50% of the 1,218 MW Hornsea 1 offshore wind farm to Global Infrastructure Partners (GIP). Located off the coast of Yorkshire, north-east England, Hornsea 1 is currently in construction and will be the world’s largest offshore wind farm when commissioned in 2020.

 

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IPPToday #286: New Jersey Board approves USA's largest offshore wind tender to date

IPPToday #286: New Jersey Board approves USA's largest offshore wind tender to date

🕔Sep 18, 2018

The New Jersey Board of Public Utilities has unanimously approved opening a solicitation for 1,100 MW of offshore wind capacity. This is largest single-state solicitation of offshore wind in the USA to date.

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IPPToday #285: SSE proposes US$2.2 billion investment in Irish offshore wind

IPPToday #285: SSE proposes US$2.2 billion investment in Irish offshore wind

🕔Sep 17, 2018

Scottish energy company SSE has disclosed plans to expand the 25.2 MW Arklow Bank offshore wind farm, located off the coast of County Wicklow, eastern Ireland, to over 500 MW. SSE is proposing to invest between EUR1 and 2 billion (US$1.16 and 2.32 billion) in the project.

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IPPToday #284: MoU signed for 2 GW expansion of coal-fired power station in Indonesia

IPPToday #284: MoU signed for 2 GW expansion of coal-fired power station in Indonesia

🕔Sep 13, 2018

Doosan Heavy Industries & Construction (DHIC) has announced that it has signed a Memorandum of Understanding (MoU) to construct two 1,000 MW coal-fired power plants in Cilegon, Banten province, Indonesia.

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