KfW IPEX-Bank has announced that it is participating in financing the 2.4 GW Ituango hydropower plant in the department of Antioquia in Colombia. KfW IPEX-Bank is loaning the project owner Empresas Públicas de Medellin E.S.P US$100 million, structured as a project-related corporate loan.
Inspired Evolution has signed a deal to invest up to US$36 million in Alten RE Developments Africa B.V., the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables. The investment by Inspired Evolution’s Evolution II Fund will expand Alten Africa’s existing solar photovoltaic development platform across sub-Saharan Africa.
Equis Energy has achieved financial close on its 127 MW Tailem Bend solar project in South Australia, located 100km south‐east of Adelaide. The estimated total investment is AUD200 million (US$157.17 million).
Tenaska has signed a 25-year power purchase agreement (PPA) with Associated Electric Cooperative Inc. for the 236 MW Tenaska Clear Creek Energy Center project, located near Maryville in northwest Missouri. The project is anticipated to be operational in 2020.
JCM Matswani Solar Corp Limited has issued a Request for Expressions of Interest for the engineering, procurement and construction and long-term operation and maintenance of a 40 MW solar photovoltaic power plant to be constructed in Salima, eastern Malawi.
The Department of Energy and Environmental Protection (DEEP) of Connecticut has announced is seeking proposals from developers of qualified offshore wind, fuel cell, and anaerobic digestion Class I resources for projects to be located anywhere in New England, a region comprising six states of the northeastern United States.
E.ON has announced the successful tax equity financing of its 305.8 MW Radford's Run wind farm in Macon County, Illinois, in the US Midwest. Allianz Renewable Energy Partners of America and Bank of America Merrill Lynch provided tax equity financing in exchange for a partial interest in the project.
The Government of Malawi has disclosed that the 300 MW Kam’mwamba coal-fired power plant project is being financed with a US$667 million loan from the Export-Import (Exim) Bank of China. The government are developing the project in partnership with China Gezhouba Group, a subsidiary of China Energy Engineering Corporation.
The Asian Development Bank (ADB) has signed a US$100 million loan facility agreement with China Everbright International Limited (CEIL) to fund the development of a series of municipal waste-to-energy (WTE) plants in the Mekong Delta, in south-west Vietnam.
NTR has successfully closed three project debt facilities in recent weeks with AIB, Nord/LB and MUFG totaling €66.5 million (US$82,80 million). Two of the debt facilities will be utilized to finance the construction of new wind farms, while the third is for the refinancing of a wind farm already in operation.
Invenergy has announced that its La Jacinta Solar project, located in the Salto Department of Uruguay, issued a 24.5-year investment-grade rated project bond for approximately US$64.75 million in the U.S. Private Placement Market. The bond was rated Baa3 by Moody’s.
German asset and investment manager KGAL has secured financing from HSH Nordbank AG for the construction, development and operation of two solar photovoltaic plants in France with an overall capacity of 18.58 MW.
The Administrative Council of Engie Brasil Energia SA has approved borrowing BRL1.04 billion (US$ 329.4 million) from Brazil's National Development Bank (BNDES), to support the development of the 327.7 MW Campo Largo Phase 1 wind project. No further details about the deal have been disclosed.
Germany’s Federal Network Agency has announced a second tender for offshore wind, targeting 1,610 MW of capacity to be put in operation after December 2020. This includes 60 MW not awarded in the first tender, in April 2017.
The Emerging Africa Infrastructure Fund (EAIF) and Akuo Energy have announced the signing of a financing package for a 50 MW solar power project in Mali. The Kita project is Mali’s second solar park in development.
The European Energy Efficiency Fund (EEEF) has signed a memorandum of understanding (MoU) with Wattosun, a Portuguese firm with over 50 years’ experience in developing, financing and operating photovoltaic roof-top and ground mounted projects globally, for a EUR5 million (US$6.19 million) facility to finance a portfolio of self-consumption photovoltaic installations across Portugal.
The European Bank of Reconstruction and Development (EBRD) has announced that it is financing the construction of four biogas combined heat and power plants in Belarus. The bank is loaning up to US$15 million to three special purpose companies owned by the Lithuanian UAB Modus Group.
The European Investment Bank (EIB) is providing EUR48 million (US$59.65 million) to finance the construction and operation of three new wind farms in Austria (Kreuzstetten IV, Dürnkrut II and Hipples II) with a total capacity of 39 MW. The facilities will be operated by Windkraft Simonsfeld AG.
The European Commission's Cohesion Fund has granted funding for a combined heat and power (CHP) project in Vilnius, the capital of Lithuania, in the south-east of the country. The project is being developed by Lietuvos Energija, who expect the CHP plant to produce 87.6 MW of electricity and 227 MW of heat.
Neoen Australia has secured financing from the Clean Energy Finance Corporation (CEFC) for its 150MW Coleambally solar farm in New South Wales, in the south-east of Australia. Once completed, it will be the state's largest solar farm.