Banca IMI as Agent Bank, Mediocredito Italiano S.p.A., UBI Banca S.p.A. and Cassa dei Risparmi di Forlì e della Romagna S.p.A. has providede €60 million (US$ 70,37 million) project financing for a 25.2 MW biomass plant located in Sant’Agata di Puglia Municipality in Foggia, Apulia Region, Italy.
Energy Finance & Investment News in Europe
DIF has announced the final close of DIF Core Infrastructure Fund I at the hard cap of € 450 million (US$ 527,83 million).
Iberdrola has decided to complete the process of phasing out all its coal-fired power generation capacity worldwide. The technology represents 1.8% of the group's total installed capacity of 48,062 MW and 1.5% of its electricity production for the first nine months of the year (1,596 GWh out of 102,494 GWh).
Octopus Investments has expanded the landmark £484 million solar portfolio refinancing it closed earlier this year, further expanding the biggest deal of its kind in the European solar sector.
CHORUS Clean Energy AG has taken over Treucon Asset Management GmbH. The Berlin-based company specializes in the management of funds investing in renewable energy systems.
GE Energy Financial Services and Green Investment Group have jointly acquired the project from Svevind and invested more than €300 million in equity to finance the wind farm. For GE, it represents GE Capital's strategy to invest in and structure financing solutions in support of GE in key global growth markets.
Iona Capital has announced the first close of the Iona Environmental Infrastructure LP 3, a £250 million 15 year limited life pooled investment vehicle.
Glennmont Partners has successfully completed the refinancing of SER portfolio for €190 million (US$ 224 million), comprised of 245 MW of installed capacity. The transaction follows last month’s successful refinancing of Glennmont’s Sleaford biomass plant in the UK worth £150 million.
Siemens Gamesa Renewable Energy today presented its results. Regarding fiscal year 2017, revenue increased by 5% to €10,964 million, while underlying EBIT was €774 million (-18%) with an EBIT margin of 7%.
Ayen Enerji & Fusha, a Turkish-Albanian consortium, has won a contract for construction and operation of a 120 MW hydro power plant in Albania, with a 35-year concession period.
Nord-Tronderlag Elektrisitetsverk Holding (NTE) has obtained a 15-year NOK 340 million (US$42.6 million) loan from the Nordic Investment Bank (NIB) to co-finance three hydropower projects in Norway.
Vattenfall has decided to invest more than €200 million (US$233 million) to repower and expand its Wieringermeer onshore windfarm in the Netherlands, the largest wind investment to date for Vattenfall in the Netherlands.
Scatec Solar ASA has successfully completed a NOK750 million (US$92 million) senior unsecured green bond issue with maturity in November 2021.
Copenhagen Infrastructure Partners (CIP) has completed the refinancing of its interest in two biomass power plants in the UK on behalf of the fund Copenhagen Infrastructure I K/S (CI I).
Mitsubishi UFJ Financial Group (MUFG) recently supported Brookfield Renewable in its €88 million financing of a portfolio of two onshore wind farms in Ireland. The transaction adds to Brookfield's growing European renewable platform with 1,018 MW of operating capacity.
SUSI Energy Efficiency Fund has closed its second transaction in the Spanish market financing a public energy efficient lighting agreement signed between the Spanish energy service company Rubatec and the municipality of Calafell, near Barcelona (Spain).
Financing for one of the largest wind power projects in mainland Europe has been agreed by the project’s shareholders and lenders at a ceremony in the Serbian capital of Belgrade.
CHORUS Clean Energy AG has acquired additional solar and wind parks in Germany with a total generation capacity of almost 20 MW for a Luxembourg special fund managed by the company.
HSH Nordbank is providing ABO Wind AG with long-term loans totaling approximately €160 million for the financing of two wind parks in Finland and a project in Ireland.