AMP Capital has reached final close on the AMP Capital Infrastructure Debt Fund III (IDF III), raising US$2.5 billion for the mezzanine debt strategy, an additional US$800 million in co-investment rights and securing a further US$800 million from investors who want access to its deal capabilities.
Energy Finance & Investment News in South Korea
International marine and engineering consultancy LOC Group has been retained by Korea Offshore Wind Power (KOWP) and Swiss Re to carry out marine warranty surveying (MWS) services on the 60 MW test phase of Korea’s Southwest Offshore Windfarm Project.
Atlantis, a global developer of renewable energy projects, has signed a Strategic Partnership Agreement (SPA) with South Korean offshore construction company Hyundai Engineering & Construction Co. regarding collaborating on the development of ocean power renewable projects globally.
Deutsche Bank has welcomed the Green Climate Fund (GCF)decision to make an initial US$78.4 million investment in Deutsche Asset Management’s fund for renewable energy access in Africa.
Daelim Energy, part of Daelim Industrial, will build a biomass power plant based on wood waste. The project will be located within Poseung Industrial Complex in Pyeongtaek, south Gyeonggi Province, South Korea. It has been possible to reach the financial close for the project thanks to the participation of a six-bank consortium which will lend a total amount of KRW170 billion (US$146 million). Woori Bank is part of the consortium.
Vestas has received a firm and unconditional order for 22 V112-3.45 MW turbines from Hanwha E&Cfor the 76 MW YEP project in Korea.
Vestas has received an order from GS Power for six V112-3.3 MW turbines for the Yaksoo wind park. The wind park is the first wind energy project for GS Power and will be located in South Korea’s southwestern Jeonnam Province.
Vestas, a global energy company dedicated exclusively to wind energy, has won a 26 MW wind farm project in South Korea.
Dutch company Wind Minds have signed a Memorandum of Understanding (MoU) with Korean company Doarm Engineering to develop offshore wind farms in South Korea.
Korea Eximbank (KEXIM), the Export-Import Bank of Korea, has raised W132.5 billion (US$120.4 million) for energy and infrastructure funds.
AFC Energy plc, the industrial fuel cell power company, is pleased to announce that it has signed a formal Project Development Agreement (PDA) with two South Korean partners: Samyoung Corporation and Changshin Chemical Co. for the deployment of an initial 50MW of fuel cell generation capacity in Daesan, Korea.