Greenalia has announced the European Investment Bank has approved a senior loan up to EUR60 million (US$ 74million) for a 50 MW biomass power project that it is developing in Spain.
Energy Finance & Investment News in Europe
Evergaz has partnered with Meridiam Transition, a fund dedicated to the ecological transition in European infrastructures, to develop, own and operate thirty biogas plants in Europe by 2020.
BayWa r.e. has secured a long-term Power Purchase Agreement (PPA) for the Don Rodrigo solar plant, located in Andalusia in the south of Spain, enabling the developer to proceed with the construction of the plant. This advances the development of one of the first solar projects of this size in Europe without any subsidies.
Copenhagen Infrastructure Partners’ (CIP) has announced that its newest fund, Copenhagen Infrastructure III (CI III), held a final close on 23 March 2018 at the EUR3.5 billion (US$4.31 billion) hard cap exceeding the EUR3.0 billion (US$3.7 billion) target fund size.
The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), has announced that it has successfully completed its latest fundraising round, raising US$385 million in new long-term debt capital to invest in Africa.
PNE WIND AG plans to place a corporate bond in the amount of approximately EUR50 million (US$61.3 million). After the placement, the bond will be traded on the OTC market of the Frankfurt Stock Exchange.
EDP Renewables S.A. (EDPR), through its subsidiary EDPR UK Limited (EDPR UK), has closed the sale of a 20% stake in the Moray Offshore Windfarm (East) Limited (MOWEL) to Diamond Generating Europe Limited (DGE), a wholly owned UK-based subsidiary of Mitsubishi Corporation.
Fortum has signed an agreement to purchase the entire annual wind power production from Taaleri’s portfolio in Finland. The total installed capacity of the portfolio is 312 MW, and its annual output is approximately 1 TWh, which represents around 1.5% of Finnish electricity production in 2017.
E.ON and RWE have announced an agreement regarding a far-reaching exchange of assets and interests, centred around E.ON's acquisition of RWE’s 76.8% stake in Innogy SE. The Supervisory Boards of both companies have approved the transaction.
Vattenfall has announced that it has been awarded the permit for the Hollandse Kust Zuid offshore wind farm. To be located 22.2km off the west coast of the Netherlands, spanning a 356 km2 site, the wind farm will have a total capacity of 700-750 MW and produce renewable electricity for between 1 and 1.5 million homes.
Landsvirkjun has reached an agreement with US and UK institutional investors to issue its debut US private placement (USPP) in Green Bond format, for a total amount of US$200 million. The proceeds will be used to finance the construction of the Theistareykir and Burfell II power stations.
Statoil has announced that it has signed an agreement with Polenergia to acquire a 50% interest in two early phase offshore wind development projects in Poland, Bałtyk Środkowy III (BSIII) and Bałtyk Środkowy II (BSII). The two projects have a planned capacity of 1200 MW with the potential to power more than two million Polish households.
Russia's Administrator of the Trading System of the Wholesale Electricity Market (ATS) has published information on its upcoming tender, entitled "The competitive selection of investment projects for the construction of generating facilities operating on the basis of renewable energy sources (RES) for 2019-2023".
Boralex Inc. has announced the financing for the 33 MW Inter Deux Bos, 26 MW Côteaux du Blaiseron, 10 MW Le Pelon, 20 MW Hauts de Comble and 23 MW Sources de l’Ancre wind farms in France for a total amount of approximately EUR136 million (US$168.2 million).
Eolus has announced the signing of a Power Purchase Agreement (PPA) with Alcoa Norway ANS. Alcoa will purchase all electricity generated by the new 330 MW Øyfjellet wind farm in Norway, which is scheduled to be commissioned in 2021.
Copenhagen Infrastructure Partners (CIP) has announced that it has entered into a partnership with German geothermal developer Deutsche ErdWärme (DEW) to develop a portfolio of geothermal energy projects in the upper Rhine valley of Germany, through its fund Copenhagen Infrastructure III K/S (CI III).
508.4 MW wind power capacity has been awarded in France's first onshore wind auction, split between 22 separate projects. The weighted average price proposed by the winners was EUR65.4 (US$79.77) per MWh. This represents a 23% drop on the premium purchase price of EUR85 (US$105.2) per MWh awarded under the previous support mechanism.
InterGen has announced the financial close of credit facilities for its 300 MW natural gas-fired Spalding Energy Expansion project in Spalding, Lincolnshire, England. The project involves the installation of an open cycle gas turbine unit at the company's existing gas-fired power station.
Vattenfall plans to invest SEK1 billion (US$120.8 milion) in developing new solar power plants, primarily large-scale, during 2018-2019. In addition, Vattenfall will provide small-scale solar solutions for customers. The investments support Vattenfall's objective to become fossil-free within a generation.
ACCIONA has reached an agreement to sell its five solar thermal plants in Spain (with a combined capacity of 250MW) to ContourGlobal plc.