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Energy Finance & Investment News in Europe

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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Encavis AG issues first EUR50 million

Encavis AG issues first EUR50 million "Green Schuldschein" bonded loan

🕔Sep 10, 2018

Hamburg-based solar and wind park operator Encavis AG has announced the successful placement of a EUR50 million (US$57.76 million) "Green Schuldschein" (green bonded loan) with international and national institutional investors.

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IPPToday #280: Ørsted opens world's largest offshore wind farm

IPPToday #280: Ørsted opens world's largest offshore wind farm

🕔Sep 6, 2018

Ørsted has announced that Walney Extension, the world’s largest operational offshore wind farm, has been officially opened. The 659 MW project is 50% owned by Ørsted, with the remaining share owned by the Danish pension funds PKA (25%) and PFA (25%).

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Statkraft signs PPAs for community wind farms in Germany

Statkraft signs PPAs for community wind farms in Germany

🕔Sep 4, 2018

Statkraft has signed power purchase agreements (PPAs) for six community wind farms in Germany with a total 31 wind turbines. This will allow these wind farms to continue operating after their funding provided by the Erneuerbare-Energien-Gesetz (EEG - Renewable Energy Sources Act) expires.

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IPPToday #277: US$2.6 billion offshore wind project in the UK reaches financial close

IPPToday #277: US$2.6 billion offshore wind project in the UK reaches financial close

🕔Sep 3, 2018

innogy SE has announced that the Triton Knoll offshore wind project, which involves the development of an 860 MW wind farm off the coast of Lincolnshire, England, has achieved financial close. Total planned investment volume amounts to approximately GBP2 billion (US$2.59 billion).

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IPPToday #275: Belgian TSO issues EUR1 billion bonds to finance acquisition of stake in German TSO

IPPToday #275: Belgian TSO issues EUR1 billion bonds to finance acquisition of stake in German TSO

🕔Aug 30, 2018

Elia System Operator, a transmission system operator (TSO) in Belgium, has announced the successful launch of a EUR300 million (US$350.6 million) 10-year senior bond and EUR700 million (US$818.1 million) perpetual hybrid bond to finance the acquisition of a 20% stake in Eurogrid International SCRL.

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IPPToday #274: Equinor to develop US$600 million floating offshore wind farm to power oil and gas platforms in the North Sea

IPPToday #274: Equinor to develop US$600 million floating offshore wind farm to power oil and gas platforms in the North Sea

🕔Aug 29, 2018

Equinor has announced plans to power the Gullfaks and Snorre fields in the North Sea with an 88 MW floating offshore wind farm

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IPPToday #272: Hydrogen fuel cell sector advances as world's largest electrolyzer manufacturing plant goes into construction

IPPToday #272: Hydrogen fuel cell sector advances as world's largest electrolyzer manufacturing plant goes into construction

🕔Aug 24, 2018

Nel ASA has announced that it has begun construction of the world’s largest electrolyzer manufacturing plant. The plant will be constructed as an extension of the company's current facility at Notodden, Norway, with total planned investments of around NOK150 million (~US$18 million).

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IPPToday #271: Fourth unit of 4 GW coal-fired power station in England switched to biomass

IPPToday #271: Fourth unit of 4 GW coal-fired power station in England switched to biomass

🕔Aug 23, 2018

Drax Group has announced that it has switched on its fourth biomass generating unit at Drax power station. Located in North Yorkshire, north-east England, the 3,906 MW power station was designed to accommodate six 660 MW coal-fired units, which were brought online between 1973 and 1986.

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IPPToday #269: 670 MW onshore wind capacity awarded in Germany

IPPToday #269: 670 MW onshore wind capacity awarded in Germany

🕔Aug 21, 2018

Germany's Federal Network Agency (Bundesnetzagentur) has announced that it has awarded 670 MW capacity to developers that participated in the country's third onshore wind tender.

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IPPToday #265: Senvion signs up to 300 MW wind turbine agreement in Spain

IPPToday #265: Senvion signs up to 300 MW wind turbine agreement in Spain

🕔Aug 13, 2018

Senvion has signed an agreement which includes the delivery of turbines for up to 300 MW projects in Spain with Alfanar, which received the largest wind allotment of 720 MW.

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