Germany's Federal Network Agency (Bundesnetzagetur) has launched a third and final onshore wind auction with a target of 1 GW and a maximun bid of €70 (US$ 83.5) per MWh.
Energy Finance & Investment News in Europe
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.
Prothea acted as financial advisor in the JV agreement between Genera and IKAV to create a leading energy efficiency player in the Italian market
Genera Group Holdings, a group active in the fields of energy efficiency and production, engineering and real estate development, has entered into a strategic Joint Venture with IKAV (Institut für Kapitalanlagen & Versicherungslösungen), a leading global green economy German fund with over €400 million of assets under management.
Alterra Power Corp. has annoucned the execution of a US$133 million refinancing of the corporate loans at its Icelandic subsidiary, HS Orka hf.
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.
IFC is helping Serbia increase its supply of renewable energy by lending €19.1 million (US$25.7 million) to Elicio, a subsidiary of Nethys Group, a Belgium-based energy and telecommunications group, for the 42MW Alibunar wind farm.
Better Energy secures loan from the Danish Green Investment Fund to build third largest solar park in Denmark
With funding from Danish Green Investment Fund, Better Energy is constructing a 63-hectare solar park in Nees, West Jutland, Denmark.
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.
Mainstream Renewable Power is making a number of changes to its senior management structure. Under the new structure, Mr Kinsella will take on responsibility for the running of the Group, its strategy and direction.
The European Commission has approved under the EU Merger Regulation the creation of a joint venture by Centerbridge Partners, L.P. of the USA and Enel S.p.A. of Italy to build a 154 MW wind farm in Greece.
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.
Aquila Capital has acquired a wind energy project in Denmark near Kappel on Lolland with an installed capacity of over 25 MW. Seller of the windpark is European Energy AS.
Invenergy, the North-American privately-held renewable energy company, has announced the sale of its Corriegarth Wind Energy Center to Greencoat UK Wind PLC.
IPPToday #44: Northland Power reaches financial close on the €1.3B Deutche Bucht offshore wind project
Canada-based energy utility Northland Power has announced the financial close in the 252-MW Deutsche Bucht (DeBu) offshore wind project in the German North Sea.
Innogy has acquired its first onshore wind-power project in Ireland, with the purchase of the 10.2 megawatts Dromadda Beg wind farm.
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.