Sonnedix has announced the close of non-recourse refinancing of a portfolio of 12 photovoltaic plants in Spain with a total installed capacity of 30.4MWp at a total value of EUR140 million (US$162.5 million).
Energy Finance & Investment News in Europe
E.ON has announced the successful close of the syndication of EUR5 billion (US$5.88 bilion) financing for its acquisition of Innogy, an energy company based in Essen, Germany, with revenue of around EUR44 billion (US$54.3 billion) (2016), more than 40,000 employees and activities in 16 countries across Europe.
Pan-European equity fund Marguerite II has invested in City Green Light, one of the largest private operators of public lighting in Italy. This follows the investment by Fondo Italiano per l’Efficienza Energetica (FIEE) – the first Italian equity fund entirely dedicated to investing in projects in the energy efficiency sector – in February 2018.
The Green for Growth Fund (GGF) has announced that it has recently invested in two of the first large-scale wind farms in Serbia.
The Investment Fund for Developing Countries (IFU), based in Denmark, has signed an agreement with six pension funds - PKA, PensionDanmark, PFA, ATP, JØP/DIP and PenSam - to establish the Danish SDG Investment Fund, which will contribute to meeting the UN Sustainable Development Goals (SDGs) in developing countries and promote the sale of Danish expertise and technology.
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.
Ellomay Capital Ltd., developer of renewable energy and power projects in Europe and Israel, has announced the close of a EUR35.9 million (US$41.9 million) project finance deal to refinance five of its subsidiaries in Italy.
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.
German developer ib vogt and HSH Nordbank have successfully closed a EUR41 million (US$47.88 million) debt facility for a solar photovoltaic power plant, the 54.5 MWp Solarpark Scaldia, located in the municipalities of Borsele and Vlissingen in Zeeland, the Netherlands.
Eesti Energia AS has announced that its fully owned subsidiary Enefit Green AS has entered into a share purchase agreement regarding all the shares in Nelja Energia AS, a renewable energy producer and developer in the Baltic region of Europe.
Ireland's Electricity Supply Board (ESB) and Bord na Móna have achieved financial close of the Oweninny wind project located in North County Mayo, in the west of Ireland. 50% of the total investment is being provided by the European Investment Bank (EIB).
Wind Energy Balkan Group (WEBG) has achieved financial close of the 158 MW Dolovo Cibuk I wind farm, located in the north-east of Serbia.
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.
Vattenfall, Luxcara and Facebook have signed long-term supply and service agreements for integrating the output of three new Norwegian wind projects into the electric grid that provides power to Facebook’s Nordic data centres in Odense, Denmark, and Luleå in Sweden.
Helsinki-based energy company St1 and Swedish forest products company SCA have formed a partnership to develop renewable fuels from tall oil.
TenneT Holding B.V., a European electricity transmission system operator (TSO), has announced the successful launch and pricing of a green bond issue of EUR1.25 billion (US$1.47 billion). The proceeds will support a portfolio of offshore and onshore transmission projects in the Netherlands and Germany.
Enel Green Power has announced plans to build new solar photovoltaic plants and wind farms with a total installed capacity of more than 320 MW in Spain. This will require an investment of EUR280 million (US$329.3 million).
Vattenfall has announced that Vestas and PKA, the Danish pension fund, are investing in the Blakliden/Fäbodberget wind project in Sweden. The project involves the development of two wind farms in Västerbotten County in the north of the country, with a combined generation capacity of 353 MW.
On 15 May 2018, the annual general meeting (AGM) of shareholders in Statoil ASA approved the board of directors’ proposal to change the company name to Equinor ASA. From 16 May 2018 (inclusive), the company’s shares have been trading on Oslo Børs under the new ticker “EQNR”.
Albioma Solar Réunion has completed the refinancing of a portfolio of solar photovoltaic projects located in French overseas departments in the Indian Ocean and has established credit facilities to finance new projects in the same area over the next 18 months.