Amprion and Open Grid Europe (OGE) have presented plans to develop a power-to-gas plant with around 100 MW installed capacity including hydrogen infrastructure.
Energy Finance & Investment News in Germany
The European Investment Bank (EIB) has approved EUR25 million (US$28.5 million) financing for Sonnen GmbH, a German producer of high-tech battery storage systems for private households and small businesses for use in combination with a solar photovoltaic installations.
Hitachi, Ltd. has announced plans to strengthen its alliance with ENERCON GmbH as part of a restructure of its wind turbine business.
innogy SE has announced that it has signed an agreement with Primus Group to acquire a solar portfolio with a total capacity of over 50 MWp. The portfolio consists of six solar parks in different stages of development in Thuringia, central Germany, and Bavaria, southern Germany.
innogy and the Nordex Group have jointly announced plans to develop 1.7 GW wind projects between 2019 and 2022.
IPPToday #296: German government announces new tenders for over 8 GW solar and wind capacity by 2020
The government of Germany has passed a resolution to tender over 8 GW solar and wind capacity in the next two years.
Hamburg-based solar and wind park operator Encavis AG has announced the successful placement of a EUR50 million (US$57.76 million) "Green Schuldschein" (green bonded loan) with international and national institutional investors.
Statkraft has signed power purchase agreements (PPAs) for six community wind farms in Germany with a total 31 wind turbines. This will allow these wind farms to continue operating after their funding provided by the Erneuerbare-Energien-Gesetz (EEG - Renewable Energy Sources Act) expires.
Elia System Operator, a transmission system operator (TSO) in Belgium, has announced the successful launch of a EUR300 million (US$350.6 million) 10-year senior bond and EUR700 million (US$818.1 million) perpetual hybrid bond to finance the acquisition of a 20% stake in Eurogrid International SCRL.
Germany's Federal Network Agency (Bundesnetzagentur) has announced that it has awarded 670 MW capacity to developers that participated in the country's third onshore wind tender.
Merkur Offshore has successfully amended the financing agreements for its 396 MW wind project, securing more competitive terms for senior debt amounting to EUR1.5 billion (US$1.76 billion). This will fund the installation of 66 wind turbines in the German North Sea, approximately 45km north of Borkum.
Germany's Federal Network Agency for Electricity, Gas, Telecommunications, Post and Railway (Bundesnetzagentur) has launched the country's third onshore wind auction of 2018. The agency plans to allocate 670 MW.
E.ON has announced the successful close of the syndication of EUR5 billion (US$5.88 bilion) financing for its acquisition of Innogy, an energy company based in Essen, Germany, with revenue of around EUR44 billion (US$54.3 billion) (2016), more than 40,000 employees and activities in 16 countries across Europe.
Canada Pension Plan Investment Board (CPPIB) has signed agreements with Enbridge Inc. to acquire 49% of Enbridge’s interests in select North American onshore renewable power assets, as well as 49% of Enbridge’s interests in two German offshore wind projects for approximately CAD1.75 billion (US$1.36 billion).
KGAL has announced the second closing of its Enhanced Sustainable Power Fund (ESPF) 4. Five European investors have committed EUR127 million (US$154.01 million) to the renewable energy fund, bringing the total equity raised to EUR382 million (US$463.24 million).
IPPToday #203: Iberdrola, Innogy and Ørsted win over 1.35 GW in Germany's second offshore wind tender
Germany’s Federal Network Agency (Bundesnetzagentur) has announced that six bids were submitted in response to its second offshore wind tender, which aimed to allocate 1,610 MW. The average price of the winning bids was EUR46.60 (US$56.06) per MWh, though some participants bid for projects without subsidies.
PNE WIND AG plans to place a corporate bond in the amount of approximately EUR50 million (US$61.3 million). After the placement, the bond will be traded on the OTC market of the Frankfurt Stock Exchange.
E.ON and RWE have announced an agreement regarding a far-reaching exchange of assets and interests, centred around E.ON's acquisition of RWE’s 76.8% stake in Innogy SE. The Supervisory Boards of both companies have approved the transaction.
Copenhagen Infrastructure Partners (CIP) has announced that it has entered into a partnership with German geothermal developer Deutsche ErdWärme (DEW) to develop a portfolio of geothermal energy projects in the upper Rhine valley of Germany, through its fund Copenhagen Infrastructure III K/S (CI III).
Capital Stage AG, the SDAX-listed solar and wind park operator based in Hamburg, has announced that it has changed its name to Encavis AG.