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Energy Finance & Investment News in UK (United Kingdom)

IPPToday #287: Ørsted to sell 50% stake in 1.2 GW UK offshore wind farm for US$6 billion

IPPToday #287: Ørsted to sell 50% stake in 1.2 GW UK offshore wind farm for US$6 billion

🕔Sep 19, 2018

Ørsted has announced that it has signed an agreement to sell 50% of the 1,218 MW Hornsea 1 offshore wind farm to Global Infrastructure Partners (GIP). Located off the coast of Yorkshire, north-east England, Hornsea 1 is currently in construction and will be the world’s largest offshore wind farm when commissioned in 2020.

 

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IPPToday #280: Ørsted opens world's largest offshore wind farm

IPPToday #280: Ørsted opens world's largest offshore wind farm

🕔Sep 6, 2018

Ørsted has announced that Walney Extension, the world’s largest operational offshore wind farm, has been officially opened. The 659 MW project is 50% owned by Ørsted, with the remaining share owned by the Danish pension funds PKA (25%) and PFA (25%).

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IPPToday #277: US$2.6 billion offshore wind project in the UK reaches financial close

IPPToday #277: US$2.6 billion offshore wind project in the UK reaches financial close

🕔Sep 3, 2018

innogy SE has announced that the Triton Knoll offshore wind project, which involves the development of an 860 MW wind farm off the coast of Lincolnshire, England, has achieved financial close. Total planned investment volume amounts to approximately GBP2 billion (US$2.59 billion).

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IPPToday #271: Fourth unit of 4 GW coal-fired power station in England switched to biomass

IPPToday #271: Fourth unit of 4 GW coal-fired power station in England switched to biomass

🕔Aug 23, 2018

Drax Group has announced that it has switched on its fourth biomass generating unit at Drax power station. Located in North Yorkshire, north-east England, the 3,906 MW power station was designed to accommodate six 660 MW coal-fired units, which were brought online between 1973 and 1986.

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IPPToday #260: L&G approves US$260 million financing for gas pipeline in Northern Ireland

IPPToday #260: L&G approves US$260 million financing for gas pipeline in Northern Ireland

🕔Aug 6, 2018

Mutual Energy has secured GBP200 million (US$260.0 million) financing from Legal & General to cover construction costs of the Gas to the West project. This involves the delivery of an 80km extension to the existing gas network in Northern Ireland through a mainly underground pipeline running from Portadown to (near) Enniskillen.

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FCC refinances two EfW plants in the UK for US$275 million

FCC refinances two EfW plants in the UK for US$275 million

🕔Jul 13, 2018

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.

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US$3 billion final close for Macquarie Super Core Infrastucture Fund Series 1

US$3 billion final close for Macquarie Super Core Infrastucture Fund Series 1

🕔Jul 10, 2018

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).

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IPPToday #239: UK government refuses to back US$1.7 billion tidal lagoon

IPPToday #239: UK government refuses to back US$1.7 billion tidal lagoon

🕔Jun 27, 2018

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.

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Impax closes New Energy Investors III at US$420 million

Impax closes New Energy Investors III at US$420 million

🕔Jun 11, 2018

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.

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IPPToday #226: Developers propose 3 GW offshore wind projects in the UK

IPPToday #226: Developers propose 3 GW offshore wind projects in the UK

🕔Jun 5, 2018

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.

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Proposals launched for new offshore wind projects in Scotland

Proposals launched for new offshore wind projects in Scotland

🕔May 25, 2018

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.

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IPPToday #210: Ecotricity proposes 760 MW offshore tidal project in UK

IPPToday #210: Ecotricity proposes 760 MW offshore tidal project in UK

🕔May 11, 2018

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.

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Mainstream sells 450 MW Scottish offshore wind project to EDF

Mainstream sells 450 MW Scottish offshore wind project to EDF

🕔May 7, 2018

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.

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Emerging Africa Infrastructure Fund raises US$385 million

Emerging Africa Infrastructure Fund raises US$385 million

🕔Apr 11, 2018

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. 

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EDPR sells 33.4% interest in 950 MW offshore wind project in the UK

EDPR sells 33.4% interest in 950 MW offshore wind project in the UK

🕔Apr 5, 2018

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.

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300 MW open cycle gas turbine project in UK reaches financial close

300 MW open cycle gas turbine project in UK reaches financial close

🕔Mar 6, 2018

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.

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IPPToday #164: Funding announced for 1.4 GW Germany-UK transmission project

IPPToday #164: Funding announced for 1.4 GW Germany-UK transmission project

🕔Feb 27, 2018

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.

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Ørsted confirms 50% farm-down of 1.2 GW Hornsea 1

Ørsted confirms 50% farm-down of 1.2 GW Hornsea 1

🕔Feb 26, 2018

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.

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IPPToday #162: Vattenfall to use HVDC technology for UK offshore wind projects

IPPToday #162: Vattenfall to use HVDC technology for UK offshore wind projects

🕔Feb 23, 2018

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. 

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Greencoat acquires 24 UK solar projects from Canadian Solar

Greencoat acquires 24 UK solar projects from Canadian Solar

🕔Feb 23, 2018

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.

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