St1 Nordic Oy’s Norwegian subsidiary, St1 Norge AS, has signed a contract with a consortium consisting of Vindkraft Nord AS and Ny Energi AS to establish a company aiming to develop two wind park projects in northern Norway.
Energy Finance & Investment News in Europe
A joint venture formed by Kalyon Enerji and Hanwha Q CELLS won the tender to build a 1 GW solar photovoltaic (PV) plant in the Karapınar region in Turkey on March 20th,2017.
NTR has announced that it has successfully closed two project debt facilities back-to-back in a matter of weeks with Nord/LB totalling €50 million (US$54 million) .
A fund managed by BlackRock Real Assets has completed the acquisition of a 100% interest in two construction ready wind projects in the UK from REG Power Management, an experienced UK renewable energy developer.
DIF and its co-shareholders Caisse des Dépôts and Solairedirect complete refinancing of a 34 MWp ground-mounted solar PV portfolio.
Vindeby Offshore Wind Farm, consisting of 11 offshore wind turbines, was connected to the grid in 1991. After more than 25 years of service, DONG Energy, owner and operator of the wind farm, has now decided to decommission the farm.
General Electric (GE), Borusan EnBW Enerji, Fina Enerji and Özgül Holding signed Memorandum of Understanding to collaborate on the installation, operation and financing of a joint wind farm as part of the YEKA, the largest wind project in renewable energy in Turkey.
Copenhagen Infrastructure Partners (CIP) has initiated the fundraising process for its new fund, Copenhagen Infrastructure III, which will now be open for investor subscription.
The Provincial Executive of the northwestern Dutch province of Friesland and the developers of the 320 MW Friesland offshore wind park in the Netherlands have reached an in-principle agreement on an investment in the project.
Cerberus Capital Management, through its Spanish affiliate Renovalia Energy Group, S.L, has successfully achieved €130 million (US$138.2 million) refinancing of a portfolio comprising four Spanish wind parks.
German outfit Nord LB and Bank of Ireland have provided a £90 million (US$109.8 million) senior debt package to complete five wind farms of Energia Renewables' 73MW portfolio of onshore wind in Northern Ireland.
The European Investment Bank (EIB) is considering to grant Atlantis Resources Ltd a €10 million (US$10.64 million) loan for the 6 MW MeyGen Phase 1B tidal stream project in Scotland.
Ofgem has invited companies to submit bids to own and run links to two offshore wind farms. The links will connect the Galloper wind farm off the east coast of England, and the Walney Extension wind farm in the Irish Sea.
Sofinnova Partners, a Paris, France-based venture capital firm specialized in life sciences, held the first closing of its latest fund, Sofinnova Industrial Biotech I (Sofinnova IB I), at €106 million (US$112,7 million).
Joint owners wpd, Marguerite Fund, Siemens Financial Services, Industriens Pension, Pensionskassernes Administration (PKA), Caisse des Dépôts, ewz (Elektrizitätswerk der Stadt Zürich) have announced the successful conclusion of the refinancing for the Butendiek offshore wind farm.
Actis has announced that it has reached final closing on its fourth energy fund Actis Energy 4 (AE4) with commitments hitting a hardcap at US$2.75billion.
ENGIE and EDPR have confirmed their ambitions in offshore wind to establish a wind farm offering capacity of 250 to 750 MW, off the coast of Dunkirk, in France.
Canadian Solar Inc. has announced that it has received US$20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.
ERG, through its subsidiary ERG Power Generation S.p.A., has acquired from DIF RE Erneuerbare Energien 1 GmbH and DIF RE Erneuerbare Energien 3 GmbH, a 100% equity interest in six wind farms in Germany.