Tucson Electric Power (TEP) plans to issue a request for proposals (RFP) this week for the design and construction of new wind energy projects that could power up to 31,000 homes annually in the Tucson metropolitan area. Tucson is the second-largest populated city in the US state of Arizona.
Veolia's plans to develop a new high efficiency Energy Recovery Facility (ERF) in Hertfordshire, in the south of the UK, have been approved by Hertfordshire County Council. It will generate up to 33.5 MW of electricity from 350,000 tonnes of potential residual waste (that cannot be reused, recycled or composted) produced in the county each year.
ACWA Power has reached financial close of the three solar photovoltaic projects, located in the south of Egypt, with an aggregate capacity of 165.5MWp. The total cost of the projects is US$190 million.
DIF has completed the refinancing of a portfolio of three operational, ground-mounted solar photovoltaic projects located in Ontario, Canada.
It has been reported in local newspapers that the Myingyan combined-cycle gas turbine power plant has begun generating 143 MW feeding into Myanmar's National Grid. Sembcorp Industries, through the Sembcorp Minygyan Power Company Limited, signed a 22-year build-operate-transfer (BOT) agreement for the project with the Ministry of Electricity and Energy of Myanmar in January 2017.
Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January
With confirmed participation of H.E Honourable Malick Alhousseini, H.E Honourable Professor Alfa Oumar Dissa, Ghana’s Ministry of Energy, Autorité Nationale de Régulation du Secteur de l'Electricité (Anaré), TOTAL, CI-GNL, Regional Liquidity Support Facility (RLSF) and West Africa Gas Pipeline Authority Company (WAGPA), the fast approaching Regional Energy Co-operation Summit 2018 will establish the roadmap for sustainable electricity trade in ECOWAS’ booming gas and energy markets.
VALOREM group has announced the success of VASCO, an operation of legal and financial re-organisation of its green energy projects through the roll-over of its EUR180 million (US$216,48 million) senior debt.
Indonesian state-owned utility company PT PLN Persero (PLN) has secured financing for the construction of the 45 MW Kumbih 3 hydropower project. Kreditanstalt für Wiederaufbau (KfW) bank is to provide a US$99.9 million loan.
Pattern Energy Group has announced that it has secured CAD$1 billion (US$798,23 million) financing for the 300 MW Henvey Inlet wind project located on Henvey Inlet First Nation Reserve No. 2 on the northeast shore of the Georgian Bay in Ontario.
The European Bank for Reconstruction and Development (EBRD) has provided a senior loan of EUR25 million (US$ 30,10 million) to PJSC Myronivsky Hliboproduct (MHP) for the construction and operation of a 10 MW biogas plant in Ukraine.
Canadian Solar has announced that the Oakey 2 solar farm in Queensland, Australia has reached financial close with the Clean Energy Finance Corporation (CEFC) for a facility commitment of approximately AUD55 million (US$42.8 million).
The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a senior loan of up to US$100 million to a special purpose vehicle, fully owned by Entek Elektrik Uretimi A.S., for the acquisition of the operating rights for two hydropower plants: Menzelet (124 MW capacity) and Kılavuzlu (54 MW). The rights will be acquired from the Privatization Administration of Turkey.
Financing has been agreed for a 47.5 MW solar farm in Zambia, setting a new benchmark for low-cost solar power in sub-Saharan Africa.
A consortium of eight international banks has signed a financing agreement for the Delimara 4 power plant project in Malta. The consortium is comprised of Bank of Valletta, BNP Paribas Fortis, Credit Industriel et Commercial, DZ Bank AG, HSBC Bank Malta, KFW-IPEX Bank, Natixis Bank and Societe General. The package amounts to EUR450 million (US$540 million).
Snowy Hydro’s independent Board of Directors has approved the Snowy 2.0 feasibility study, and for further work to be undertaken for the project to progress to a final investment decision in 2018.
Total Eren has announced the successful financing of the 97.2 MW Vientos Los Hercules wind project in southern Argentina. Non-recourse senior debt was structured by KfW IPEX-Bank.
The Federal Executive Council (FEC) of Nigeria has approved the US$2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project. The 40-inch pipeline will span 614km.
OX2 has announced that the financing of Valhalla project comprising 85 wind turbines has been successfully completed. Aquila Capital will acquire the project which OX2 will deliver as an EPC contract. It will be one of the largest onshore wind farms in Europe.
The European Investment Bank (EIB) will provide US$150 million to the renewable energy production company Enel Green Power Peru, a local subsidiary of the Enel group, for the construction and operation of a wind farm and a photovoltaic solar plant currently under construction in the Andean country.
The Marguerite Fund has raised €29.25 million (US$34.54 million) of 15-year non-recourse debt from German bank Norddeutsche Landesbank (NORD/LB) for the construction of its all-equity acquisition of the 46.8MW Grimsås onshore wind project in Sweden. It acquired the project from Element Power and Kraftö Vind on June 15, 2017.