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IPPToday #234: B. Grimm Power agrees to develop largest solar project in Southeast Asia

IPPToday #234: B. Grimm Power agrees to develop largest solar project in Southeast Asia

🕔Jun 19, 2018

B. Grimm Power has signed a Development Cooperation Agreement with Vietnamese conglomerate Xuan Cau to install a 420 MW solar power plant in Tay Ninh, in the south-west of Vietnam. The company claims that it is the largest solar project to ever be developed in Southeast Asia.

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IPPToday #233: SoftBank to invest up to US$100 billion in Indian solar projects

IPPToday #233: SoftBank to invest up to US$100 billion in Indian solar projects

🕔Jun 18, 2018

SoftBank Group, a Japanese conglomerate, is reportedly in advanced talks with the Indian government regarding an investment in solar projects in the country of between US$60 and 100 billion.

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IPPToday #232: E.ON secures US$5.9 billion to acquire Innogy

IPPToday #232: E.ON secures US$5.9 billion to acquire Innogy

🕔Jun 14, 2018

E.ON has announced the successful close of the syndication of EUR5 billion (US$5.88 bilion) financing for its acquisition of Innogy, an energy company based in Essen, Germany, with revenue of around EUR44 billion (US$54.3 billion) (2016), more than 40,000 employees and activities in 16 countries across Europe.

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IPPToday #231: MoU signed for US$1 billion renewable projects in West Africa

IPPToday #231: MoU signed for US$1 billion renewable projects in West Africa

🕔Jun 13, 2018

Multinational renewables developer Gigawatt Global Cooperatief has signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to invest US$1 billion in renewable energy projects in the region.

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IPPToday #230: Hydro Tasmania identifies 4,800 MW pumped hydro potential

IPPToday #230: Hydro Tasmania identifies 4,800 MW pumped hydro potential

🕔Jun 12, 2018

Australian utility Hydro Tasmania has announced that it has identified eight locations for up to fourteen pumped hydro storage projects in the island-state, located 240km south of the Australian mainland, separated by the Bass Strait. The so-called Battery of the Nation initiative considered around 2,000 sites to identify these fourteen potential projects, which altogether represent about 4,800 MW of pumped storage capacity.

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IPPToday #229: US$625 million financial close for offshore wind farm in Taiwan

IPPToday #229: US$625 million financial close for offshore wind farm in Taiwan

🕔Jun 11, 2018

Macquarie Group, Ørsted and Swancor have secured TWD18.7 billion (US$626.1 million) project financing for the second phase of the Formosa 1 offshore wind project, Taiwan’s first commercial scale offshore wind farm, located off the coast of the Miaoli district of the country.

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IPPToday #228: Chinese and Korean firms to develop multi-billion LNG projects in the Philippines

IPPToday #228: Chinese and Korean firms to develop multi-billion LNG projects in the Philippines

🕔Jun 8, 2018

SK E&S, a subsidiary of Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Department of Energy of the Philippines proposing the construction of liquefied natural gas (LNG) infrastructure worth US$1.7 billion. In addition, Phoenix Petroleum and China National Offshore Oil Corp (CNOOC) have signed a Memorandum of Understanding (MOU) to develop LNG projects in the country.

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IPPToday #227: Mainstream achieves financial close of US$520 million wind farms in South Africa

IPPToday #227: Mainstream achieves financial close of US$520 million wind farms in South Africa

🕔Jun 6, 2018

Mainstream Renewable Power has announced the successful completion of financial close for two wind projects in South Africa: the 140 MW Kangnas wind farm, located near Springbok in the Northern Cape, and the 110 MW Perdekraal East wind farm, located 80km northeast of Ceres, in the Western Cape.

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IPPToday #226: Developers propose 3 GW offshore wind projects in the UK

IPPToday #226: Developers propose 3 GW offshore wind projects in the UK

🕔Jun 5, 2018

The Crown Estate, a statutory corporation that owns public land and assets in the United Kingdom belonging to the British monarch, has announced that it has closed its application process for offshore wind farm extension projects. Since applications were invited in February 2017, the corporation has received proposals for projects representing up to 3 GW generation capacity.

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IPPToday #225: South Africa to procure 1.8 GW renewable projects in November

IPPToday #225: South Africa to procure 1.8 GW renewable projects in November

🕔Jun 4, 2018

The Energy Minister of South Africa, Jeff Radebe, has announced that the fifth bidding round of the country's Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) will be launched in November 2018. The tender will procure up to 1.8 GW renewable capacity.

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IPPToday #224: Total launches US$1.2 billion offshore oil production project in Angola

IPPToday #224: Total launches US$1.2 billion offshore oil production project in Angola

🕔Jun 1, 2018

Total and its partners have launched the Zinia 2 project, a deep offshore short-cycle development in an area 150km off the coast of Angola, known as Block 17. The launch follows the developers' final investment decision (FID) to proceed with the project, which has a budget of US$1.2 billion.

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IPPToday #223: More renewable capacity to be tendered in India despite multiple deadline extensions

IPPToday #223: More renewable capacity to be tendered in India despite multiple deadline extensions

🕔May 31, 2018

The Solar Energy Corporation of India (SECI) has published a Request for Selection (RfS) for 2 GW wind projects. Developers are invited to submit projects with between 50 and 300 MW capacity to be delivered on build-own-operate (BOO) bases. SECI will sign 25-year power purchase agreements (PPAs) with selected proponents.

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IPPToday #222: AfDB and partners to install 10 GW solar power  in Africa

IPPToday #222: AfDB and partners to install 10 GW solar power in Africa

🕔May 30, 2018

The African Development Bank, the Green Climate Fund (GCF) and the Africa50 investment fund signed a letter of intent to collaborate on the Desert to Power programme on the sidelines of the Bank’s Annual Meetings, Busan, Korea.

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IPPToday #221: 2.5 GW hybrid wind-solar projects to be auctioned in India

IPPToday #221: 2.5 GW hybrid wind-solar projects to be auctioned in India

🕔May 29, 2018

A scheme to install 2.5 GW of hybrid wind-solar projects in India, proposed by the Ministry of New and Renewable Energy (MNRE), has been approved by the President. The projects will be developed by private entities on build-own-operate (BOO) bases, with PPA contracts awarded through bidding processes.

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IPPToday #220: Partners Group to invest US$530 million in Australian renewables platform

IPPToday #220: Partners Group to invest US$530 million in Australian renewables platform

🕔May 28, 2018

Partners Group has announced that it has agreed to invest AUD700 million (US$528.2 million) in a new large-scale renewable energy platform in Australia, to be called Grassroots Renewable Energy Platform. It will construct over 1.3 GW of new wind power, solar power and battery storage assets across Australia within the next four years.

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IPPToday #219: MoU signed for US$400 million gas-fired power project in Mozambique

IPPToday #219: MoU signed for US$400 million gas-fired power project in Mozambique

🕔May 25, 2018

Great Lakes Africa Energy (GLAE) has signed a Memorandum of Understanding (MoU) with the Government of Mozambique to construct a 250 MW gas-fired power plant in the country at an estimated value of US$400 million.

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IPPToday #218: Winners selected in US offshore wind RFP to install 1.2 GW

IPPToday #218: Winners selected in US offshore wind RFP to install 1.2 GW

🕔May 24, 2018

Authorities in Massachusetts and Rhode Island, states in the north-east of the USA, have selected winning developers following a Request for Proposals (RFP) for offshore wind projects, allowing the development of offshore wind farms with a cumulative capacity of 1.2 GW to proceed.

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IPPToday #217: TenneT issues US$1.5 billion green bonds to support European transmission projects

IPPToday #217: TenneT issues US$1.5 billion green bonds to support European transmission projects

🕔May 23, 2018

TenneT Holding B.V., a European electricity transmission system operator (TSO), has announced the successful launch and pricing of a green bond issue of EUR1.25 billion (US$1.47 billion). The proceeds will support a portfolio of offshore and onshore transmission projects in the Netherlands and Germany.

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IPPToday #216: Enel Green Power to invest US$320 million in 320 MW in Spain

IPPToday #216: Enel Green Power to invest US$320 million in 320 MW in Spain

🕔May 22, 2018

Enel Green Power has announced plans to build new solar photovoltaic plants and wind farms with a total installed capacity of more than 320 MW in Spain. This will require an investment of EUR280 million (US$329.3 million).

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IPPToday #215: US$758 million financing secured for first CSP-PV project in Latin America

IPPToday #215: US$758 million financing secured for first CSP-PV project in Latin America

🕔May 21, 2018

Cerro Dominador, a project company owned by funds managed by EIG Global Energy Partners (EIG), has announced that it has signed financing agreements for its 210 MW solar project in Chile, securing US$758 million from a group of both local and international financiers.

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