Ireland’s electricity regulator, the Commission for the Regulation of Utilities (CRU), has determined that the Greenlink Electricity Interconnector, a 205km 500 MW transmission project linking the electricity grids of Ireland and Great Britain, is in the public interest and thus can be incorporated into the Irish transmission system.
Energy Finance & Investment News in Ireland
Scottish energy company SSE has disclosed plans to expand the 25.2 MW Arklow Bank offshore wind farm, located off the coast of County Wicklow, eastern Ireland, to over 500 MW. SSE is proposing to invest between EUR1 and 2 billion (US$1.16 and 2.32 billion) in the project.
Asper Investment Management and the Craydel Group have announced the financial close of a 35 MW onshore wind farm in County Galway, in the west of Ireland.
Ireland's Electricity Supply Board (ESB) and Bord na Móna have achieved financial close of the Oweninny wind project located in North County Mayo, in the west of Ireland. 50% of the total investment is being provided by the European Investment Bank (EIB).
Element Power has announced that it has taken over development of the North Irish Sea Array (NISA) offshore wind site in the Irish Sea.
NTR has successfully closed three project debt facilities in recent weeks with AIB, Nord/LB and MUFG totaling €66.5 million (US$82,80 million). Two of the debt facilities will be utilized to finance the construction of new wind farms, while the third is for the refinancing of a wind farm already in operation.
Capital Stage and Ireland Strategic Investment Fund to invest €140 M in Irish renewable energy market
Capital Stage and the Ireland Strategic Investment Fund enter €140 million partnership to invest in the Irish renewable energy market with leading Irish solar company Power Capital
Mitsubishi UFJ Financial Group (MUFG) recently supported Brookfield Renewable in its €88 million financing of a portfolio of two onshore wind farms in Ireland. The transaction adds to Brookfield's growing European renewable platform with 1,018 MW of operating capacity.
HSH Nordbank is providing ABO Wind AG with long-term loans totaling approximately €160 million for the financing of two wind parks in Finland and a project in Ireland.
Mainstream Renewable Power is making a number of changes to its senior management structure. Under the new structure, Mr Kinsella will take on responsibility for the running of the Group, its strategy and direction.
Innogy has acquired its first onshore wind-power project in Ireland, with the purchase of the 10.2 megawatts Dromadda Beg wind farm.
Sojitz Corporation has announced it has concluded a stock purchase agreement through subsidiary ShaMrocK Wind Limited —a joint venture established in UK with Mitsubishi UFJ Lease & Finance Limited and several Kansai Electric Power subsidiaries—to acquire a 60% stake in Evalair Limited, through which Sojitz will take on operation of a wind power plant in Ireland.
NTR has announced that it has successfully closed two project debt facilities back-to-back in a matter of weeks with Nord/LB totalling €50 million (US$54 million) .
Rubicon Infrastructure Advisors continues to execute infrastructure mandates globally having reached financial close in the past 18 months on 14 mandates covering 27 essential infrastructure assets in Europe and North America with a combined enterprise value in excess of €8.0 billion (US$8.4 billion).
TINC has announced it has acquired a participation in Storm Holding 4 NV, which holds a 100% equity stake in Meenwaun Wind Farm Ltd., a company holding the required licenses and contracts to realize an onshore wind farm located in Offaly County, in the center of Ireland.
China General Nuclear Power Corp (CGN), the largest nuclear power operator in China, has announced that it has been selected as the preferred bidder for the purchase of a majority stake in Gaelectric's wind farm portfolio in Ireland.
The SUSI Energy Efficiency Fund (SEEF), a fund advised by SUSI Energy Efficiency AG (a subsidiary of SUSI Partners AG), has signed to new agreements with UrbanVolt and GGE d.o.o.
ESB and Coillte have annouced that financial close has been reached on the 33.1 MW Castlepook Wind Farm project in Co Cork.
Global wind and solar developer Mainstream Renewable Power announces the launch of Mainstream Renewable Capital which will create custom-made opportunities for investors to gain exposure to the company’s multi-gigawatt portfolio of wind and solar projects.
Brookfield Renewable Energy Partners LP has announced it has started a sale process of two Irish wind farms with a combined capacity of 137 MW.