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.
Energy Finance & Investment News in Germany
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.
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.
Golding Capital Partners (GCP), a private equity investor with 17 years experience, has announced the closings of several of its funds.
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.
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.
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.
The Allianz Group has announced that from 1 January 2018, Allianz Capital Partners (ACP) will become a discrete entity under the umbrella of Allianz Global Investors (AllianzGI).
Marguerite has announced the sale of a portfolio of renewable and concession-based assets by the Marguerite Fund to Pantheon.
The Federal Network Agency (Bundesnetzagentur) has announced on November 22, 2017, the results of the third auction for onshore wind energy.
CHORUS Clean Energy AG has taken over Treucon Asset Management GmbH. The Berlin-based company specializes in the management of funds investing in renewable energy systems.
CHORUS Clean Energy AG has acquired additional solar and wind parks in Germany with a total generation capacity of almost 20 MW for a Luxembourg special fund managed by the company.
Innogy has signed a stand-alone credit agreement of €2 billion and has issued its inaugural corporate green bond of €850 million (US$1 billion) to refinance wind energy projects in Europe
Fortum is in advanced discussions with E.ON concerning E.ON's 46.65% stake in the Germany-based international energy company Uniper. In relation to these advanced discussions, certain questions are currently being clarified with the authorities by E.ON.
The EDF Group is launching its new subsidiary Agregio, in order to help electricity producers who create renewable energy and businesses who can adapt their patterns of consumption to make use of it.
Fortum has announced its intention to launch a voluntary Public Takeover Offer, comprising a cash offer to all Uniper shareholders with a total value of €22 per share.
Germany's Federal Network Agency (Bundesnetzagetur) has launched a third and final onshore wind auction with a target of 1 GW and a maximun bid of €70 (US$ 83.5) per MWh.
IPPToday #44: Northland Power reaches financial close on the €1.3B Deutche Bucht offshore wind project
Canada-based energy utility Northland Power has announced the financial close in the 252-MW Deutsche Bucht (DeBu) offshore wind project in the German North Sea.