Alpek and ContourGlobal have entered into a 60-day exclusivity period to conduct confirmatory due diligence and negotiate final agreements in relation to ContourGlobal’s potential acquisition of Alpek’s cogeneration power plants in Cosoleacaque and Altamira, Mexico.
IPP Today News
Enel Green Power North America, Inc. (EGPNA), the U.S. renewable energy company of the Enel Group, has started construction of the Rattlesnake Creek wind farm in the United States. Once completed, Rattlesnake Creek will have a total installed capacity of 320 MW and will be Enel’s first wind farm in the state of Nebraska.
Multilateral Investment Guarantee Agency (MIGA) is mulling providing a guarantee for EDF International’s 420 MW Nachtigal hydro project in Cameroon.
The president of the Brazilian Development Bank (BNDES), Paulo Rabello de Castro, and the vice-president for Countries of the Inter-American Development Bank (IDB), Alexandre Meira da Rosa, have signed an agreement of a conditional credit line worth USD 2.4 billion to fund infrastructure and sustainable energy projects and productive projects of small and medium companies.
SemGroup Corporation (SEMG) has reached an agreement to sell its 50 percent interest in Glass Mountain Pipeline, LLC to an affiliate of BlackRock Inc.’s Global Energy and Power Infrastructure Fund(GEPIF) in partnership with Navigator Energy Services for US$300 million.
The Brazilian Bank will provide funding for three solar photovoltaic facilities totaling 350 MW of Enel, and a 132 MW project under development by Norwegian companies Scatec Solar and a Statoil.
GE Energy Financial Services and Green Investment Group have jointly acquired the project from Svevind and invested more than €300 million in equity to finance the wind farm. For GE, it represents GE Capital's strategy to invest in and structure financing solutions in support of GE in key global growth markets.
China Power Hub Generation Company's 1,320 MW coal power plant in Pakistan has secured US$1.5 billion financing with a consortium of Chinese banks, being led by China Development Bank and Exim Bank of China.
Glennmont Partners has successfully completed the refinancing of SER portfolio for €190 million (US$ 224 million), comprised of 245 MW of installed capacity. The transaction follows last month’s successful refinancing of Glennmont’s Sleaford biomass plant in the UK worth £150 million.
Dubai Electricity and Water Authority (DEWA) has launched a request for expression of interest (RFEOI) to develop the 250 MW Hatta hydroelectric project in Dubai.
Vattenfall has decided to invest more than €200 million (US$233 million) to repower and expand its Wieringermeer onshore windfarm in the Netherlands, the largest wind investment to date for Vattenfall in the Netherlands.
Lightsource Renewable Energy and UK Climate Investments, part of the Green Investment Group within Macquarie Infrastructure and Real Assets, have entered into a partnership platform to fund the development, acquisition and ownership of large scale solar power generation assets in India.
The Asian Development Bank (ADB) committed to issue a loan with sovereign guarantee for US$200 million to Ceylon Electricity Board (CEB) for the development of a 100 MW wind project on Mannar Island, Sri Lanka.
Scatec Solar ASA (SSO) and partners have achieved financial close for six solar PV power plants in Egypt totaling 400 MW. A consortium of international Development Finance Institutions is providing a non-recourse project finance of US$335 million, which accounts for 75% of the capex.
Frontera Energy Corporation has signed an agreement to acquire the outstanding 36.36% ownership of Pacific Midstream Limited from the International Finance Corporation (IFC).
The Ministry of Energy and Mining has opened the tender for Round 2 of the RenovAr Program in order to promote fulfillment of the targets imposed to achieve 8% participation of renewable energy sources in the electricity grid for December 2017, and 20% for 2025.
Financing for one of the largest wind power projects in mainland Europe has been agreed by the project’s shareholders and lenders at a ceremony in the Serbian capital of Belgrade.
Latin America Power Ltda (LAP) has issued US$412 million (€347.7 million) in bonds to refinance two wind farm projects located in Chile, the 184.8 MW San Juan and the 46 MW Totoral wind facilities.
USA-based power producer and transporter, Dominion Energy has released a request for proposals (RFP) seeking qualified bidders for the development of a new photovoltaic (PV) solar generation and new onshore wind facility.