The European Commission has approved under the EU Merger Regulation the creation of a joint venture by Centerbridge Partners, L.P. of the USA and Enel S.p.A. of Italy to build a 154 MW wind farm in Greece.
Energy Finance & Investment News in Greece
The EBRD has signed the first project under its new framework for renewable energy in Greece by subscribing to €28.3 million (US$33.5 million) in bonds issued by Hellenic Petroleum, an energy company which is diversifying its activities into the area of renewables.
European Investment Bank (EIB) and Eurobank Ergasias, acting as co-lenders, have provided Terna Energy a €24 million (US$ 28 million) loan financing for the development, construction and operation of three wind farms in central Greece.
TERNA ENERGY, member of GEK TERNA Group, has announced that it has reached an agreement with EBRD and Piraeus Bank S.A for the issuance of a €60 million (US$64 million) bond loan.
Greece’s power utility PPC has announced that China’s State Grid Corporation has submitted the winning bid for a 24% stake in ADMIE (Independent Power Transmission Operator S.A.), with a US$356-million bid.
The European Investment Bank (EIB) has announced it is considering financing an onshore wind park portfolio in Greece.
Greece's national power utility Public Power Corporation of Greece (PPC) has announces it has selected three bidders to take part in a second round for the acquisition of a 24% stake in its subsidiary, the power grid operator ADMIE (Independent Power Transmission Operator S.A.)
According to sources, an official from Greece’s Ministry of Environment, Energy and Climate Change has announced that Greece’s new renewable energy policy framework will be brought up for public consultation soon.
Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Snam SpA for a total consideration of €208 million. The total consideration will be adjusted at closing.
Spanish wind energy firm Gamesa has sold to EMV, a Greek subsidiary of EREN, two wind farm developments in Greece with combined installed capacity of 82 MW, which it will build under a turnkey arrangement.
Trans Adriatic Pipeline AG (TAP) has issued the first major invitation to tender (ITT) for the construction of the onshore section of the pipeline.
SPI Solar, a vertically integrated photovoltaic solar developer with corporate headquarters in California and offices in China and Italy, announced on Wednesday the completion of its private placement of common stock for an aggregate $25.0 million, as announced on July 29, 2014.