REDEN Solar has announced that it has successfully completed the refinancing of its Portuguese and Spanish assets, raising a total of EUR100.5 million (US$116.60 million) in the process.
Energy Finance & Investment News in Portugal
The Europe Investment Bank (EIB) has signed a EUR500 million (US$585.6 million) loan agreement, the first tranche of a total EUR650 million (US$761.3 million) funds approved, for a major hydropower project in Portugal being developed by Iberdola.
The European Energy Efficiency Fund (EEEF) has signed a memorandum of understanding (MoU) with Wattosun, a Portuguese firm with over 50 years’ experience in developing, financing and operating photovoltaic roof-top and ground mounted projects globally, for a EUR5 million (US$6.19 million) facility to finance a portfolio of self-consumption photovoltaic installations across Portugal.
French renewable energy developer Neoen has secured the refinancing of 13.2 MW Cabrela and 8.8 MW Seixal, two ground-mounted solar photovoltaic plants located in Portugal.
The European Investment Bank (EIB) board has approved €4.3 billion (~US$5 billlion) in financing for the development of energy projects, including renewables, in Europe and India.
Canadian Solar Inc. has announced that it has received US$20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.
Gamesa has concluded implementation of its Energy Thrust programme for a French utility at 28 wind farms located in Spain, Portugal, France and Poland.
The SUSI Renewable Energy Fund II (SUSI RE II) has reached final closing at €380 million (US$425.5 million).
Voltalia, renewable energy based electricity producer, has successfully finalized the acquisition of Martifer Solar, a key player in the global solar power market.
Marubeni Corporation and Toho Gas Co. have reached an agreement with Galp Energia, SGPS, S.A., to acquire a 22.5% stake of its wholly owned gas distribution company, Galp Gás Natural Distribuição, S.A. (GGND)
The European Investment Bank (EIB), will invest up to €10 million (US$11 million) in AW Energy, a company from Finland which developed “WaveRoller” wave energy technology. The investment will support and speed up the commercial roll-out of European wave energy technology.
Voltalia expands its project portfolio in Morocco and announces to be in negotiations with Martifer Solar
Voltalia has announced the acquisition of Alterrya Maroc, a renewable energy project development company in Morocco and negotiations with Martifer Solar’s shareholders with a view to acquire this company.
Bombora Wave Power Pty Ltd has announced the results of its detailed feasibility study for a commercial scale wave farm.
EDF Energies Nouvelles has announced the commissioning of extensions to the Ventominho (additional 23 MW) and Arga (additional 4.7 MW) wind farms, two of its assets in Portugal.
Omnes Capital, through its Capenergie funds, has sold a European portfolio of more than 100 MW of renewable energy assets to EOS Holding.
Legal firm Watson Farley & Williams (WFW) announced on December 1st it has advised InfraGreen II, a debt securitisation fund or “fonds commun de titrisation”, in connection with the bond funding of three solar and wind projects totalling €15.7 million.
EDP has just been granted non-reimbursable financing of €19.2m from the European Commission’s Horizon 2020 Programme to develop new technology for offshore wind power. DEMOGRAVI3 is a project that aims to develop an innovative gravity based foundation for offshore wind turbines.
Enel Green Power S.p.A. (EGP),through its subsidiary Enel Green Power España, S.L. (EGPE), has closed the sale of the entire share capital of Finerge Gestão de Projectos Energéticos, S.A.
Enel Green Power (EGP) has taken ownership of six wind farms in Portugal with a total installed capacity of 445 MW.
Lancashire County Pension Fund (LCPF) has entered into a definitive agreement with EDF Energies Nouvelles, under which LCPF will acquire a significant minority equity stake in EDF Energies Nouvelles’ Portuguese wind assets.