KGAL has announced the first closing of its core plus European renewable fund ESPF 4. With €255 million (US$294 million) of committed equity, the Luxembourg-based SICAV-SIF vehicle has attracted large commitments from four major European institutional investors.
Energy Finance & Investment News in Germany
EWE GASSPEICHER GmbH, a wholly owned subsidiary of the Oldenburg-based utility company EWE, has announced its intentions to build the world’s largest battery by employing the well-known redox flow battery principle (in which electrical energy is stored in a liquid) along with new, environmentally friendly components in underground salt caverns.
Capital Stage AG has announced it has acquired from an institutional investor additional 54,999 shares of CHORUS Clean Energy AG.
Germany-based GLS Bank has announced an agreement to acquire the 80.1 percent stake in the 48-MW Gagel wind farm from energy cooperative Prokon Regenerative Energien eG.
Enbridge Inc. has announced it will acquire 49.89 percent of the shares in EnBW's 112 MW Albatros offshore wind farm in the North Sea. EnBW will retain the remaining 50.1 percent.
ABO Wind has reported the divestment of nine wind farm projects with a total nominal capacity of about 100 MW to the Czech supplier ČEZ. The amount of the transaction has not been disclosed.
The European Investment Bank (EIB) has signed a €300 million (US$338 million) loan agreement with Norwegian transmission system operator (TSO) Statnett for the completion of the NordLink Subsea Interconnector project between Germany and Norway.
The Federal Network Agency (Bundesnetzagetur) has announced that it has accepted a total of 70 successful bids for the development of onshore wind energy projects totalling 807 MW.
EnBW Energie Baden-Württemberg AG has given the green light for the 112 MW EnBW Albatros offshore wind farm and has approved the final decisions taken regarding construction and investment.
The Trianel Windpark Borkum II (TWBII) offshore wind farm project in the German North Sea has achieved financial close.
European Energy A/S has signed agreements for the sale of four wind farms in Denmark, Italy and Germany totalling around 64 MW of capacity.
The Nord Stream 2 project, being pursued by Gazprom, has taken another important step towards its implementation, responding to the need of the European Union for additional gas imports and thereby improving security of supplies to Europe.
Germany's Federal Network Agency (Bundesnetzagetur) is launching a new 200 MW solar tender with a bid submission deadline of June 1.
EnBW Energie Baden-Württemberg AG has been successful against a field of renowned bidders in the first offshore auction in Germany with the acceptance of its bid for the 900-MW He Dreiht wind farm.
Joint owners wpd, Marguerite Fund, Siemens Financial Services, Industriens Pension, Pensionskassernes Administration (PKA), Caisse des Dépôts, ewz (Elektrizitätswerk der Stadt Zürich) have announced the successful conclusion of the refinancing for the Butendiek offshore wind farm.
ERG, through its subsidiary ERG Power Generation S.p.A., has acquired from DIF RE Erneuerbare Energien 1 GmbH and DIF RE Erneuerbare Energien 3 GmbH, a 100% equity interest in six wind farms in Germany.
Northland Power Inc. and Highland Group Holdings Ltd. , through a wholly owned subsidiary, have signed a definitive agreement whereby Northland will acquire 100% of Deutsche Bucht, a 252 MW offshore wind project currently in advanced development.
Enbridge Inc. has announced it has acquired an effective 50 percent ownership in the 497 MW Hohe See offshore wind project from EnBW, a German utility, who will retain the remaining interest.
EQT has announced that its third fund for infrastructure investments, EQT Infrastructure III, has been closed at the hard cap of €4 billion (US$4.2 million).
Vattenfall has taken the final investment decision for the the realization of a modern Combined Heat and Power plant in the Berlin district of Marzahn-Hellersdorf (Germany).