Evergaz has partnered with Meridiam Transition, a fund dedicated to the ecological transition in European infrastructures, to develop, own and operate thirty biogas plants in Europe by 2020.
Energy Finance & Investment News in France
Boralex Inc. has announced the financing for the 33 MW Inter Deux Bos, 26 MW Côteaux du Blaiseron, 10 MW Le Pelon, 20 MW Hauts de Comble and 23 MW Sources de l’Ancre wind farms in France for a total amount of approximately EUR136 million (US$168.2 million).
508.4 MW wind power capacity has been awarded in France's first onshore wind auction, split between 22 separate projects. The weighted average price proposed by the winners was EUR65.4 (US$79.77) per MWh. This represents a 23% drop on the premium purchase price of EUR85 (US$105.2) per MWh awarded under the previous support mechanism.
Macquarie Infrastructure and Real Assets has sold a 24.33% stake in French oil transportation and storage holding company Pisto SAS to Swiss Life Asset Managers. This sale ends Macquarie's almost 10-year interest in the company.
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 European Commission yesterday approved an unprecedented grant of EUR578 million (US$718.5 million) to the Biscay Gulf France-Spain interconnection project. The grant will fund the construction of a 370km electricity transmission line between Gatika, around 20km north of Bilbao, in the north-east of Spain, and Cubnezais, around 40km north of Bordeaux, in the south-west of France.
Taking advantage of the attractive market conditions, ENGIE has issued its first Green Hybrid Bond (Deeply Subordinated Perpetual Bond) for an amount of EUR1 billion (US$1.22 billion), with a coupon of 1.375% and a Non-Call period of 5.25 years.
French renewable energy provider Neoen has obtained financing for the construction of a global 1.6 GW renewable energy portfolio, through issuing a junior green bond with a total value of EUR245 million (US$293 million). The bonds have been subscribed by AMP Capital, through its Infrastructure Debt Fund III (IDF III).
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.
ENGIE and Crédit Agricole Assurances have signed a new agreement to acquire nearly 500 MW of on-shore wind and solar power plants by the end of 2018 through their joint venture FEIH (Futures Energies Investissements Holding).
Veolia has won the contract to operate the Reims Energy Recovery Plant. The waste treatment plant is located in Reims, in the north-east of France, 129km from Paris.
The General Directorate for Energy and the Climate (DGEC) in France, which is part of the Ministry of Ecology, Sustainable Development, has revealed that it is going to hold joint auction for wind and solar power projects in the near future. DGEC are looking to allocate around 200 MW of renewable energy capacity in lots not exceeding 18 MW in size
The Land Degradation Neutrality Fund was officially launched at the thirteenth session of the Conference of the Parties (COP13) of the United Nations Convention to Combat Desertification (UNCCD), which took place in Ordos, China. The initiative is promoted by UNCCD and Mirova.
SCOR Investment Partners, the SCOR group’s portfolio management company, have announced the end of the deployment of €378 million (US$444.06 million) through the SCOR Infrastructure Loans II fund, and the launch of the third generation with the SCOR Infrastructure Loans III fund.
Ardian, announced it has signed an agreement for the sale of a €1 billion portfolio of assets after a competitive auction. The Investors involved are APG and AXA, both existing shareholders of the portfolio since 2006. Ardian will remain the asset manager and advisor of the portfolio.
Over the period of 2020 to 2035, the EDF Group – through its subsidiary EDF Energies Nouvelles – intends to develop and build solar plants in France with a total 30 GW of installed capacity.
The European Investment Bank (EIB), French lender Natixis Energeco and Akuo Energy, the leading French IPP in renewable energy, will take part in an EUR330 million (US$389 million) investment programme targeting nearly 400 MW of renewable energy projects owned by Akuo Energy.
Marguerite has announced the sale of a portfolio of renewable and concession-based assets by the Marguerite Fund to Pantheon.
ERG, through its subsidiary ERG Eolienne France SAS, has signed an agreement with Vent d'Est SAS, a company located in the Grand Est region of France for the acquisition of a 75% equity interest in two companies owners of two wind farms with an overall capacity of 16.25 MW
Prime Minister Edouard Philippe has announced that the French government plans to invest €20 billion in an energy transition plan.