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.
Energy Finance & Investment News in UK (United Kingdom)
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$100 million to The Emerging Africa Infrastructure Fund (EAIF), a public private partnership company.
Quinbrook Infrastructure Partners, a global investment manager specializing in lower carbon and renewable energy infrastructure, has acquired an 84 MW gas-fired power project portfolio located across four sites in England and Wales.
Cory Riverside Energy has revealed ambitious plans to build an integrated, low-carbon energy park at its site in Belvedere, south-east London.
Ventient Energy Ltd, the UK’s third largest generator of onshore wind energy, and the largest non-utility owner of onshore wind, was officially launched last Monday.
Ofgem has appointed Transmission Capital Partners as the preferred bidder to own and operate the high-voltage transmission link to the Dudgeon Offshore Wind Farm for the next 20 years.
Iberdrola has successfully placed its first issue of green hybrid bonds on the Euromarket, valued at €1 billion (US$ 1.19 billion). The proceeds obtained from it will be used to refinance investments in different renewable projects in the United Kingdom.
Platina Energy Partners has sold a 70 MW portfolio of five operating wind farms to entities managed by Gravis Capital Management for approximately £52 million (US$ 69,30 million) plus the assumption of the existing debt.
Infracapital, the infrastructure equity investment arm of M&G Investments, has successfully reached a final closing of its latest fund, Infracapital Greenfield Partners I LP, with total commitments of £1.25 billion (US$ 1,65 billion).
IPPToday #106: Danish pension funds close on US$2.7B acquisition of Walney Extension offshore wind project
Danish pension funds, Pensionskassernes Administration (PKA) and PFA Pension have close £2 billion (US$2,7 billion) acquisition of 50% stake in 660 MW Walney Extension offshore wind farm.
ESB has officially opened an office at George Street Glasgow today, from where it will continue to develop high quality renewable energy generation projects in Scotland.
Octopus Investments has expanded the landmark £484 million solar portfolio refinancing it closed earlier this year, further expanding the biggest deal of its kind in the European solar sector.