Grid operator TenneT and wind farm developer Vattenfall have signed agreements for the offshore grid connection for the Hollandse Kust Zuid I and II wind farms.
Energy Finance & Investment News in Netherlands
The Blauwwind Consortium has announced financial closure on the Borssele III and IV wind farms in the Dutch North Sea. This sets in motion the construction and subsequent operation of 77 V164 9.5 MW turbines produced by MHI Vestas, with a total installed capacity of 731.5MW.
Climate Fund Managers has announced the third close of Climate Investor One (CIO), one of the world’s largest renewable energy development and financing initiatives for developing country investments, at US$535 million. The fund manager has raised an additional circa US$75 million since the second close.
German developer ib vogt and HSH Nordbank have successfully closed a EUR41 million (US$47.88 million) debt facility for a solar photovoltaic power plant, the 54.5 MWp Solarpark Scaldia, located in the municipalities of Borsele and Vlissingen in Zeeland, the Netherlands.
TenneT Holding B.V., a European electricity transmission system operator (TSO), has announced the successful launch and pricing of a green bond issue of EUR1.25 billion (US$1.47 billion). The proceeds will support a portfolio of offshore and onshore transmission projects in the Netherlands and Germany.
Eurus Energy Group, based in Japan, and YARD ENERGY Group, a Dutch wind developer, have achieved financial close for the construction of Windpark Spui, a 21 MW wind farm located in the municipality of Korendijk in South Holland, the Netherlands.
Vattenfall has announced that it has been awarded the permit for the Hollandse Kust Zuid offshore wind farm. To be located 22.2km off the west coast of the Netherlands, spanning a 356 km2 site, the wind farm will have a total capacity of 700-750 MW and produce renewable electricity for between 1 and 1.5 million homes.
Dutch multinational banking and financial services firm ING has launched a Sustainable Investments fund, committing EUR100 million of capital to support sustainable ’scale-ups’ with a proven concept and a positive environmental impact. The OECD definition of a scale-up is a company with an average annualized return of at least 20% in the past 3 years with at least 10 employees in the beginning of the period.
The Dutch Ministry of Economic Affairs and Climate Policy has held the country's first zero-subsidy offshore wind tender. The tender, described as a huge breakthrough by the Minister of Economic Affairs and Climate Policy, concerned sites I and II of the Hollandse Kust (Zuid) off-shore wind farm. It closed on 21 December 2017.
Vattenfall has announced that it has agreed to will supply 1.5 TWh of electricity annually to AkzoNobel in the Netherlands. The new agreement concerns AkzoNobel’s chemical production sites in Delfzijl, Hengelo and Rotterdam.
Saba Electric Company N.V. (SEC) has launched a tender for a solar power plant of at least 1 MW and battery storage of at least 1.5 MWh on the Dutch Caribbean island of Saba. This will be Saba's second solar power plant.
The consortium Blauwwind II C.V., comprising Shell, Eneco, Van Oord, and Diamond Generating Europe, a wholly-owned subsidiary of Mitsubishi has secured project financing from the European Investment Bank (EIB) for the up to 740 MW Borssele 3&4 offshore wind farm in the Dutch part of the North Sea.
DIF has announced the final close of DIF Core Infrastructure Fund I at the hard cap of € 450 million (US$ 527,83 million).
Vattenfall has decided to invest more than €200 million (US$233 million) to repower and expand its Wieringermeer onshore windfarm in the Netherlands, the largest wind investment to date for Vattenfall in the Netherlands.
According to the Netherlands Enterprise Agency (NEA), the Dutch government has announced plans to launch a tender process for Borssele Wind Farm Site V in January.
Climate Fund Managers (CFM) has announced the first close of Climate Investor One (CIO), at US$412 million.
A development consortium led by Shell is seeking European Investment Bank funding for the up to 740 MW Borssele 3&4 offshore wind farm in the Netherlands.
Northland Power Inc. has confirmed that the 600 MW Gemini offshore wind farm achieved full completion on April 28, 2017. The project was completed ahead of schedule and under its total budget of €2.8 billion (US$3.06 million).