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Energy Finance & Investment News in Germany

IPPToday #296: German government announces new tenders for over 8 GW solar and wind capacity by 2020

IPPToday #296: German government announces new tenders for over 8 GW solar and wind capacity by 2020

🕔Oct 4, 2018

The government of Germany has passed a resolution to tender over 8 GW solar and wind capacity in the next two years.

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Encavis AG issues first EUR50 million

Encavis AG issues first EUR50 million "Green Schuldschein" bonded loan

🕔Sep 10, 2018

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.

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Statkraft signs PPAs for community wind farms in Germany

Statkraft signs PPAs for community wind farms in Germany

🕔Sep 4, 2018

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.

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IPPToday #275: Belgian TSO issues EUR1 billion bonds to finance acquisition of stake in German TSO

IPPToday #275: Belgian TSO issues EUR1 billion bonds to finance acquisition of stake in German TSO

🕔Aug 30, 2018

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.

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IPPToday #269: 670 MW onshore wind capacity awarded in Germany

IPPToday #269: 670 MW onshore wind capacity awarded in Germany

🕔Aug 21, 2018

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.

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IPPToday #247: 400 MW offshore wind project in Germany amends financing to secure US$1.8 billion

IPPToday #247: 400 MW offshore wind project in Germany amends financing to secure US$1.8 billion

🕔Jul 12, 2018

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.

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Germany launches 670 MW wind auction

Germany launches 670 MW wind auction

🕔Jul 9, 2018

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.

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IPPToday #232: E.ON secures US$5.9 billion to acquire Innogy

IPPToday #232: E.ON secures US$5.9 billion to acquire Innogy

🕔Jun 14, 2018

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.

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CPPIB to acquire 49% stake in 1.8 GW renewable projects for US$1.4 billion

CPPIB to acquire 49% stake in 1.8 GW renewable projects for US$1.4 billion

🕔May 11, 2018

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).

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KGAL achieves US$150 million second close of Enhanced Sustainable Power Fund 4

KGAL achieves US$150 million second close of Enhanced Sustainable Power Fund 4

🕔May 2, 2018

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).

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IPPToday #203: Iberdrola, Innogy and Ørsted win over 1.35 GW in Germany's second offshore wind tender

IPPToday #203: Iberdrola, Innogy and Ørsted win over 1.35 GW in Germany's second offshore wind tender

🕔May 2, 2018

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.

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PNE WIND to issue US$60 million corporate bond

PNE WIND to issue US$60 million corporate bond

🕔Apr 6, 2018

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.

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IPPToday #180: E.ON and RWE announce asset swap deal with US$1.85 billion cash payment

IPPToday #180: E.ON and RWE announce asset swap deal with US$1.85 billion cash payment

🕔Mar 23, 2018

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.

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CIP and DEW partner to develop geothermal projects in Germany

CIP and DEW partner to develop geothermal projects in Germany

🕔Mar 8, 2018

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).

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Capital Stage AG changes name to Encavis AG

Capital Stage AG changes name to Encavis AG

🕔Mar 1, 2018

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.

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IPPToday #164: Funding announced for 1.4 GW Germany-UK transmission project

IPPToday #164: Funding announced for 1.4 GW Germany-UK transmission project

🕔Feb 27, 2018

A consortium comprising Meridiam, Allianz Capital Partners, on behalf of Allianz Group, and Kansai Electric Power have announced that they will fund NeuConnect Britain Ltd, a newly set up operating company, which will build the first direct power link between Germany and the UK.

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Golding Capital announces record fundraising at year-end

Golding Capital announces record fundraising at year-end

🕔Feb 22, 2018

Golding Capital Partners (GCP), a private equity investor with 17 years experience, has announced the closings of several of its funds.

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IPPToday #160: Germany announces first technology neutral wind & solar tender

IPPToday #160: Germany announces first technology neutral wind & solar tender

🕔Feb 21, 2018

The Federal Network Agency of Germany has announced two joint tenders for utility-scale wind and solar projects. The first tender will open on 1 April, and close on 3 April 2018. This is the first renewable tender to put two technologies in competition. The agency plan to assign 200 MW of either wind and solar power in this round.

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Germany launches second offshore wind tender

Germany launches second offshore wind tender

🕔Feb 1, 2018

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.

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BASF and LetterOne sign letter of intent to create Wintershall DEA

BASF and LetterOne sign letter of intent to create Wintershall DEA

🕔Dec 22, 2017

BASF and LetterOne have signed a letter of intent to merge their respective oil and gas businesses in a joint venture, which would operate under the name Wintershall DEA.

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