FCC has secured GBP207.3 million (US$275.5 million) senior long term investment grade debt to refinance two energy from waste (EfW) assets in the United Kingdom: the Allington plant in Kent and Eastcroft facility in Nottingham.
Energy Finance & Investment News in UK (United Kingdom)
Macquarie Infrastructure and Real Assets (MIRA) has announced the final close of Macquarie Super Core Infrastructure Fund (MSCIF) Series 1 at EUR2.5 billion (US$2.94 million), exceeding the fund's initial minimum target of EUR1.5 billion (US$1.76 million).
The Business and Energy Secretary, Greg Clark, of the UK government has announced that the proposed Swansea Bay tidal lagoon, which would generate 320 MW of electricity and cost GBP1.3 billion (US$1.71 billion) to develop, does not meet the department's requirements for value for money, and so the government will not grant any public funds to the project.
Impax Asset Management Group Plc has announced the close of its third private equity infrastructure fund at EUR357 million (US$420.1 million). Impax New Energy Investors III (NEFIII) is focussed on investments in renewable power generation and related assets in Europe.
The Crown Estate, a statutory corporation that owns public land and assets in the United Kingdom belonging to the British monarch, has announced that it has closed its application process for offshore wind farm extension projects. Since applications were invited in February 2017, the corporation has received proposals for projects representing up to 3 GW generation capacity.
Crown Estate Scotland, the public body that manages Scottish land and property on behalf of the government, has unveiled proposals to lease seabed to encourage a new generation of offshore wind projects in Scotland’s waters.
Ecotricity has presented the UK government with proposals for two tidal lagoon projects. The lagoons would be located in the Solway Firth, which straddles the border of England and Scotland to the west. They would each produce 380 MW of electricity and cost GBP650 million (US$879.8 million) to develop.
The EDF Group, via EDF Renewables in the United Kingdom, a joint subsidiary of EDF Energy and EDF Energies Nouvelles, has bought the Neart na Gaoithe offshore wind project, located in Scotland, from Mainstream Renewable Power, following a competitive bidding process.
The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), has announced that it has successfully completed its latest fundraising round, raising US$385 million in new long-term debt capital to invest in Africa.
EDP Renewables S.A. (EDPR), through its subsidiary EDPR UK Limited (EDPR UK), has closed the sale of a 20% stake in the Moray Offshore Windfarm (East) Limited (MOWEL) to Diamond Generating Europe Limited (DGE), a wholly owned UK-based subsidiary of Mitsubishi Corporation.
InterGen has announced the financial close of credit facilities for its 300 MW natural gas-fired Spalding Energy Expansion project in Spalding, Lincolnshire, England. The project involves the installation of an open cycle gas turbine unit at the company's existing gas-fired power station.
A consortium comprising Meridiam, Allianz Capital Partners, on behalf of Allianz Group, and Kansai Electric Power have announced that they will fund NeuConnect Britain Ltd, a newly set up operating company, which will build the first direct power link between Germany and the UK.
Ørsted has confirmed that it is in exclusive discussions regarding a 50% farm-down of the Hornsea One offshore wind farm. This will be the largest operating offshore wind farm in the world once commissioned in 2020.
Vattenfall has announced plans to deploy High Voltage Direct Current (HVDC) cable technology to connect Norfolk Vanguard offshore wind farm and its sister project Norfolk Boreas to the UK National Grid.
Canadian Solar Inc. has announced that it has completed the sale of a 142MWp solar portfolio to Greencoat Solar II LP fund, which is managed by Greencoat Capital LLP, a renewable and resource efficiency asset manager headquartered in London.
Veolia's plans to develop a new high efficiency Energy Recovery Facility (ERF) in Hertfordshire, in the south of the UK, have been approved by Hertfordshire County Council. It will generate up to 33.5 MW of electricity from 350,000 tonnes of potential residual waste (that cannot be reused, recycled or composted) produced in the county each year.
Foresight Group LLP has announced the completion of the acquisition of an operational portfolio of two large scale Anaerobic Digestion (AD) plants and seven composting assets for an undisclosed sum. The sites are located across East Anglia and the East Midlands regions of the UK.
In a bid to reduce the huge infrastructure financing gap in Sub-Saharan Africa, the African Development Bank has approved US$100 million to The Emerging Africa Infrastructure Fund (EAIF), a public private partnership company.
Quinbrook Infrastructure Partners, a global investment manager specializing in lower carbon and renewable energy infrastructure, has acquired an 84 MW gas-fired power project portfolio located across four sites in England and Wales.
Cory Riverside Energy has revealed ambitious plans to build an integrated, low-carbon energy park at its site in Belvedere, south-east London.