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Energy Finance & Investment News in Europe

ING commits EUR100 million to Sustainable Investments fund

ING commits EUR100 million to Sustainable Investments fund

🕔Jan 22, 2018

Dutch multinational banking and financial services firm ING has launched a Sustainable Investments fund, committing EUR100 million of capital to support sustainable ’scale-ups’ with a proven concept and a positive environmental impact. The OECD definition of a scale-up is a company with an average annualized return of at least 20% in the past 3 years with at least 10 employees in the beginning of the period.

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DEG acquires 10% stake in 158 MW wind farm in Serbia

DEG acquires 10% stake in 158 MW wind farm in Serbia

🕔Jan 18, 2018

DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH) has acquired an equity interest of 10% in the Cibuk I wind farm in Serbia.

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Veolia granted planning permission for waste-to-energy plant in Hertfordshire

Veolia granted planning permission for waste-to-energy plant in Hertfordshire

🕔Jan 17, 2018

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.

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Engie issues EUR1 billion Green Hybrid Bond

Engie issues EUR1 billion Green Hybrid Bond

🕔Jan 16, 2018

Taking advantage of the attractive market conditions, ENGIE has issued its first Green Hybrid Bond (Deeply Subordinated Perpetual Bond) for an amount of EUR1 billion (US$1.22 billion), with a coupon of 1.375% and a Non-Call period of 5.25 years.

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Foresight acquires Anaerobic Digestion plants and composting assets in the UK

Foresight acquires Anaerobic Digestion plants and composting assets in the UK

🕔Jan 15, 2018

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.

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Neoen secures EUR245 million mezzanine financing with green bond

Neoen secures EUR245 million mezzanine financing with green bond

🕔Jan 11, 2018

French renewable energy provider Neoen has obtained financing for the construction of a global 1.6 GW renewable energy portfolio, through issuing a junior green bond with a total value of EUR245 million (US$293 million). The bonds have been subscribed by AMP Capital, through its Infrastructure Debt Fund III (IDF III).

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IPPToday #132: First zero-subsidy offshore wind tender held in the Netherlands

IPPToday #132: First zero-subsidy offshore wind tender held in the Netherlands

🕔Jan 11, 2018

The Dutch Ministry of Economic Affairs and Climate Policy has held the country's first zero-subsidy offshore wind tender. The tender, described as a huge breakthrough by the Minister of Economic Affairs and Climate Policy, concerned sites I and II of the Hollandse Kust (Zuid) off-shore wind farm. It closed on 21 December 2017.

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Blue Elephant Energy acquires 20 MW Italian wind farm

Blue Elephant Energy acquires 20 MW Italian wind farm

🕔Jan 10, 2018

Blue Elephant Energy AG (BEE) has acquired a 50% stake in a 20 MW wind farm in Italy from European Energy, through its affiliate BEEGO IPP GmbH. BEE now own 100% of the project.

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VALOREM refinances and reorganises 145 MW wind farm portfolio

VALOREM refinances and reorganises 145 MW wind farm portfolio

🕔Jan 9, 2018

VALOREM group has announced the success of VASCO, an operation of legal and financial re-organisation of its green energy projects through the roll-over of its EUR180 million (US$216,48 million) senior debt.

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EBRD provides EUR25 million loan for 10 MW for biogas plant in Ukraine

EBRD provides EUR25 million loan for 10 MW for biogas plant in Ukraine

🕔Jan 5, 2018

The European Bank for Reconstruction and Development (EBRD) has provided a senior loan of EUR25 million (US$ 30,10 million) to PJSC Myronivsky Hliboproduct (MHP) for the construction and operation of a 10 MW biogas plant in Ukraine.

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Eolus sells 232 MW of Swedish wind to Aquila

Eolus sells 232 MW of Swedish wind to Aquila

🕔Jan 4, 2018

Eolus has signed an agreement with Aquila Capital regarding the sale of the wind farms Kråktorpet and Nylandsbergen, which collectively comprise 61 wind turbines with a combined installed capacity of 232 MW. The wind farms are located in Sundsvall, in the north-east of Sweden.

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EBRD to provide US$100 million for privatisation of Turkish hydropower plants

EBRD to provide US$100 million for privatisation of Turkish hydropower plants

🕔Jan 3, 2018

The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a senior loan of up to US$100 million to a special purpose vehicle, fully owned by Entek Elektrik Uretimi A.S., for the acquisition of the operating rights for two hydropower plants: Menzelet (124 MW capacity) and  Kılavuzlu (54 MW). The rights will be acquired from the Privatization Administration of Turkey.

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ENGIE and Crédit Agricole Assurances to invest in 500 MW of wind and solar in France

ENGIE and Crédit Agricole Assurances to invest in 500 MW of wind and solar in France

🕔Jan 3, 2018

ENGIE and Crédit Agricole Assurances have signed a new agreement to acquire nearly 500 MW of on-shore wind and solar power plants by the end of 2018 through their joint venture FEIH (Futures Energies Investissements Holding).

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IPPToday #126: Malta’s Delimara 4 power plant reaches US$540 million financial close

IPPToday #126: Malta’s Delimara 4 power plant reaches US$540 million financial close

🕔Jan 2, 2018

A consortium of eight international banks has signed a financing agreement for the Delimara 4 power plant project in Malta. The consortium is comprised of Bank of Valletta, BNP Paribas Fortis, Credit Industriel et CommercialDZ Bank AGHSBC Bank MaltaKFW-IPEX BankNatixis Bank and Societe General. The package amounts to EUR450 million (US$540 million).

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Vattenfall to supply 1.5 TWh of electricity to AkzoNobel

Vattenfall to supply 1.5 TWh of electricity to AkzoNobel

🕔Jan 2, 2018

Vattenfall has announced that it has agreed to will supply 1.5 TWh of electricity annually to AkzoNobel in the Netherlands. The new agreement concerns AkzoNobel’s chemical production sites in Delfzijl, Hengelo and Rotterdam.

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Danish CIP's 3rd energy fund secures EUR2.8 billion in commitments

Danish CIP's 3rd energy fund secures EUR2.8 billion in commitments

🕔Dec 29, 2017

After nine months of fundraising, Copenhagen Infrastructure Partners’ (CIP) new fund, Copenhagen Infrastructure III (CI III), has had its sixth close on December 27, 2017 with total commitments reaching EUR2.8 billion (US$3.32 billion).

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OX2 nabs financing for 357-MW Swedish wind project

OX2 nabs financing for 357-MW Swedish wind project

🕔Dec 26, 2017

OX2 has announced that the financing of Valhalla project comprising 85 wind turbines has been successfully completed. Aquila Capital will acquire the project which OX2 will deliver as an EPC contract. It will be one of the largest onshore wind farms in Europe.

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BASF and LetterOne sign letter of intent to create Wintershall DEA

BASF and LetterOne sign letter of intent to create Wintershall DEA

🕔Dec 22, 2017

BASF and LetterOne have signed a letter of intent to merge their respective oil and gas businesses in a joint venture, which would operate under the name Wintershall DEA.

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Allianz, MIRA and Valtion Eläkerahasto to acquire Elenia

Allianz, MIRA and Valtion Eläkerahasto to acquire Elenia

🕔Dec 22, 2017

Allianz Capital Partners (ACP), Macquarie Infrastructure and Real Assets (MIRA) and Valtion Eläkerahasto (VER) have signed an agreement to acquire Elenia Oy, Finland’s second largest power distribution system operator and Elenia Lämpö Oy, Finland’s ninth largest district heating network.

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Allianz Group announces restructure of investment divisions

Allianz Group announces restructure of investment divisions

🕔Dec 21, 2017

The Allianz Group has announced that from 1 January 2018, Allianz Capital Partners (ACP) will become a discrete entity under the umbrella of Allianz Global Investors (AllianzGI).

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