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Energy Finance & Investment News in Europe

IPPToday #325: Financial close for 487 MW offshore wind project in Belgium UPDATED

IPPToday #325: Financial close for 487 MW offshore wind project in Belgium UPDATED

🕔Dec 4, 2018

Otary, a Belgian offshore wind development platform, has announced that the 487 MW SeaMade offshore wind project has reached financial close.

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IPPToday #323: EDPR, Mitsubishi and Engie secure over US$3 billion financing for UK offshore wind project

IPPToday #323: EDPR, Mitsubishi and Engie secure over US$3 billion financing for UK offshore wind project

🕔Nov 28, 2018

EDP Renováveis S.A. (EDPR), through its subsidiary EDPR UK Limited, Diamond Generating Europe Limited (DGE) and ENGIE have announced that Moray Offshore Windfarm (East) Limited (MOWEL) has successfully secured financing for the construction of an 950 MW offshore wind farm.

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IPPToday #322: Developers announce awards totalling 500 MW in Polish renewables auction

IPPToday #322: Developers announce awards totalling 500 MW in Polish renewables auction

🕔Nov 26, 2018

Several companies have announced their success in the Energy Regulatory Office (URE) of Poland's latest renewables auction. Supply contracts were awarded to 31 wind and solar projects proposed by 23 companies, representing more than 41.997 TWh of electricity and worth approximately PLN8.24 billion (US$2.18 billion).

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IPPToday #321: NORD/LB arranges financing for 475 MW wind project in Sweden

IPPToday #321: NORD/LB arranges financing for 475 MW wind project in Sweden

🕔Nov 22, 2018

NORD/LB Norddeutsche Landesbank has announced that it has successfully arranged project financing for the 475 MW Nysäter wind farm project in Sweden of around EUR375 million (~US$430 million).

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IPPToday #320: Equitix to acquire 25% stake in 220 MW coal conversion project in Wales

IPPToday #320: Equitix to acquire 25% stake in 220 MW coal conversion project in Wales

🕔Nov 21, 2018

Atlantis has announced that it has signed a Heads of Terms to sell a 25% shareholding in Uskmouth Power Station to Equitix for a cash consideration of GBP32.9 million (US$42.2 million).

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IPPToday #315: US$400 million offshore transmission project in the UK reaches financial close

IPPToday #315: US$400 million offshore transmission project in the UK reaches financial close

🕔Nov 9, 2018

Transmission Capital Partners (TCP), a consortium comprising International Public Partnerships Limited (INPP), Amber Infrastructure Group and Transmission Investment, has successfully reached financial close for the long-term ownership and operation of the transmission link to the 402 MW Dudgeon offshore wind farm in the North Sea.

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IPPToday #314: SIMEC Atlantis advances plans for world’s first power station conversion from coal to 100% waste derived fuel

IPPToday #314: SIMEC Atlantis advances plans for world’s first power station conversion from coal to 100% waste derived fuel

🕔Nov 7, 2018

SIMEC Atlantis Energy Limited has announced that it is advancing its flagship Uskmouth Power Station conversion project in Wales. The power station will be converted from coal power to generate electricity from 100% waste-derived energy pellets, a world first.

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IPPToday #311: SIMEC Atlantis Energy to develop 2 GW tidal energy project in France

IPPToday #311: SIMEC Atlantis Energy to develop 2 GW tidal energy project in France

🕔Oct 31, 2018

SIMEC Atlantis Energy has announced the formation of a joint venture company, Normandie Hydrolienne, for the purpose of developing a large-scale tidal energy project in the Alderney Race, also known as Raz Blanchard, an eight-mile (13km) strait that runs between Alderney, an island in the English Channel, and La Hague, France.

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IPPToday #309: UK council issues RFEOI for US$2 billion tidal energy project

IPPToday #309: UK council issues RFEOI for US$2 billion tidal energy project

🕔Oct 29, 2018

Swansea Council has announced that it is seeking a partner for the delivery of the Swansea Bay tidal lagoon development. It is inviting both corporates and consortia to submit expressions of interest (EOIs) for Lagoon 2.0 - a re-formatted version of a 320 MW project proposed by Tidal Lagoon Power. In development for several years, the project was terminated earlier this year after the UK government refused to grant it any subsidies.

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IPPToday #305: Irish energy regulator approves proposed US$460 million UK-Ireland interconnection

IPPToday #305: Irish energy regulator approves proposed US$460 million UK-Ireland interconnection

🕔Oct 23, 2018

Ireland’s electricity regulator, the Commission for the Regulation of Utilities (CRU), has determined that the Greenlink Electricity Interconnector, a 205km 500 MW transmission project linking the electricity grids of Ireland and Great Britain, is in the public interest and thus can be incorporated into the Irish transmission system.

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IPPToday #302: US$920 million asset sale leads to UK's first 100% renewable energy business

IPPToday #302: US$920 million asset sale leads to UK's first 100% renewable energy business

🕔Oct 17, 2018

Iberdrola, through its subsidiary ScottishPower, has agreed to sell its traditional generation assets in the United Kingdom to Drax Smart Generation, a subsidiary of the Drax Group for GBP702 million (US$922.5 million). Thus, the company becomes the first 100% renewable integrated energy business in the UK.

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IPPToday #299: UK energy regulator launches US$2.6 billion transmission tender

IPPToday #299: UK energy regulator launches US$2.6 billion transmission tender

🕔Oct 10, 2018

The UK government's Office of Gas and Electricity Markets (Ofgem) has launched the sixth round of the offshore transmission owner regime, which uses competitive tendering to license offshore electricity transmission. The tender covers links to three offshore wind farms with an estimated total value of GBP2 billion (US$2.62 billion).

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IPPToday #297: Offshore wind project in Belgium achieves US$800 million financial close

IPPToday #297: Offshore wind project in Belgium achieves US$800 million financial close

🕔Oct 8, 2018

Northwester 2, the project company for a 219 MW offshore wind farm to be located in the Belgian North Sea, has announced that the project has reached financial close. Northwester 2 is owned by Parkwind (70%) and Sumitomo Corporation (30%).

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IPPToday #296: German government announces new tenders for over 8 GW solar and wind capacity by 2020

IPPToday #296: German government announces new tenders for over 8 GW solar and wind capacity by 2020

🕔Oct 4, 2018

The government of Germany has passed a resolution to tender over 8 GW solar and wind capacity in the next two years.

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IPPToday #291: SSE to buy Fluor out of 1.5 GW offshore wind project in Scotland

IPPToday #291: SSE to buy Fluor out of 1.5 GW offshore wind project in Scotland

🕔Sep 26, 2018

SSE has announced that it is exercising its pre-emption right to acquire Fluor's 50% share in Seagreen Wind Energy Limited, established to develop offshore wind projects in the Firth of Forth Zone in east-central Scotland.

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IPPToday #287: Ørsted to sell 50% stake in 1.2 GW UK offshore wind farm for US$6 billion

IPPToday #287: Ørsted to sell 50% stake in 1.2 GW UK offshore wind farm for US$6 billion

🕔Sep 19, 2018

Ørsted has announced that it has signed an agreement to sell 50% of the 1,218 MW Hornsea 1 offshore wind farm to Global Infrastructure Partners (GIP). Located off the coast of Yorkshire, north-east England, Hornsea 1 is currently in construction and will be the world’s largest offshore wind farm when commissioned in 2020.

 

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IPPToday #285: SSE proposes US$2.2 billion investment in Irish offshore wind

IPPToday #285: SSE proposes US$2.2 billion investment in Irish offshore wind

🕔Sep 17, 2018

Scottish energy company SSE has disclosed plans to expand the 25.2 MW Arklow Bank offshore wind farm, located off the coast of County Wicklow, eastern Ireland, to over 500 MW. SSE is proposing to invest between EUR1 and 2 billion (US$1.16 and 2.32 billion) in the project.

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REDEN Solar refinances solar assets in Spain and Portugal for US$116.6 million

REDEN Solar refinances solar assets in Spain and Portugal for US$116.6 million

🕔Sep 13, 2018

REDEN Solar has announced that it has successfully completed the refinancing of its Portuguese and Spanish assets, raising a total of EUR100.5 million (US$116.60 million) in the process.

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IPPToday #283: EBRD to finance 327 MW renewable projects in Turkey

IPPToday #283: EBRD to finance 327 MW renewable projects in Turkey

🕔Sep 12, 2018

The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a financing package of up to US$102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding. The funds will be invested in building four new wind farms and nine solar PV plants with a combined capacity of 327 MW.

 

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Google signs PPAs for 190 MW wind projects in Finland

Google signs PPAs for 190 MW wind projects in Finland

🕔Sep 12, 2018

Google has announced that it has signed agreements to purchase renewable energy from three new wind farms in Finland totaling 190 MW. The wind farms are being developed by CPC, Neoen, and WPD.

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