The joint venture partners in the Carraig Gheal Wind Farm, GreenPower and the Ampere Equity Fund, managed by DIF, are pleased to announce that a senior debt funding package has been put in place for the re-finance of the 46MW wind farm.
Energy Finance & Investment News in UK (United Kingdom)
DONG Energy has been awarded a contract to build the Hornsea Project Two offshore wind farm, at the lowest-ever price for offshore wind in the UK.
Tidal Lagoon Power has secured the grid connection for a 3,240MW capacity tidal lagoon located between Cardiff and Newport. The project is expected to generate among the cheapest electricity of all new power stations in the UK.
Wheelabrator Technologies has reached financial close on the 744,000 tons per year (675,000 tonnes per year) Ferrybridge Multifuel 2 energy-from-waste facility in West Yorkshire, the second project in the Multifuel Energy Ltd.(MEL) partnership with SSE.
UK investment fund Basalt Infrastructure Partners II LP has established a new platform to invest in small-scale solar projects in Italy.
Mitsubishi UFJ Financial Group (MUFG) will provide project financing for the 39.1MWTom Nan Clach CfD windfarm project in Scotland.
Invenergy, the North-American privately-held renewable energy company, has announced the sale of its Corriegarth Wind Energy Center to Greencoat UK Wind PLC.
Further to the announcement of 20 April 2017, a Macquarie-led consortium comprising Macquarie Group Limited (Macquarie), Macquarie European Infrastructure Fund 5 (MEIF5) and Universities Superannuation Scheme (USS) has successfully completed the acquisition of the UK Green Investment Bank Limited (GIB) from the Government of UK for £2.3 billion (US$2.95 billion).
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.
RES (Renewable Energy Systems) has announced the acquisition of its 20MW energy storage project in Broxburn, West Lothian, by The Renewables Infrastructure Group (TRIG), a London-listed investment company advised by InfraRed Capital Partners.
Iberdrola subsidiary ScottishPower Renewables has received planning approval from the Secretary of State for Business, Energy and Industrial Strategy (BEIS), for the East Anglia III offshore windfarm in UK with an output capacity of up to 1,200 MW.
The Scottish Government has announced that it has invested a further £1.5 million (US$1.95 million) in the Carbon Trust’s world-leading collaborative research, development and demonstration (RD&D) programme – the Offshore Wind Accelerator (OWA).
Ofgem has announced shortlists of bidders competing to own and operate transmission links to the Galloper and Walney Extension windfarms off the coasts of Cumbria and Suffolk.
SSE has signed an agreement to sell a further stake in Clyde Windfarm in Scotland to Greencoat UK Wind Plc and GLIL Infrastructure LLP.
Diamond Transmission Partners, a consortium comprising HICL Infrastructure and Diamond Transmission Corporation (DTC), a subsidiary of Mitsubishi Corporation, has been selected as the preferred bidder for a new offshore electricity transmission link in UK.
Eight19 has announced it has received £1.3 million (US$1.7 million) of investment. Lucros Investment (Netherlands) joined existing investors IP Group, Clarium and Providence in the round.
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Mainstream Renewable Power has welcomed decision by the Court of Session to clear the way to proceed with the 450MW Neart na Gaoithe offshore wind farm in Scotland (UK). This decision has involved a a long-running judicial review brought by the RSPB (Royal Society for the Protection of Birds) of a planning decision by Scottish Ministers.
EDF Energy Renewables has bought 11 wind farm sites from Partnerships for Renewables, a development and asset management company. The sites in Scotland have a potential capacity of 600 MW.