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Energy Finance & Investment News in Europe

EIB approves loan for biomass project in Spain

EIB approves loan for biomass project in Spain

🕔Apr 19, 2018

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.

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Evergaz and Meridiam to develop 30 biogas plants in Europe

Evergaz and Meridiam to develop 30 biogas plants in Europe

🕔Apr 16, 2018

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.

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PPA signed for subsidy-free 170 MWp solar project in Spain

PPA signed for subsidy-free 170 MWp solar project in Spain

🕔Apr 13, 2018

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.

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Copenhagen Infrastructure III holds final close at EUR3.5 billion

Copenhagen Infrastructure III holds final close at EUR3.5 billion

🕔Apr 12, 2018

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.

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Emerging Africa Infrastructure Fund raises US$385 million

Emerging Africa Infrastructure Fund raises US$385 million

🕔Apr 11, 2018

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. 

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PNE WIND to issue US$60 million corporate bond

PNE WIND to issue US$60 million corporate bond

🕔Apr 6, 2018

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.

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EDPR sells 33.4% interest in 950 MW offshore wind project in the UK

EDPR sells 33.4% interest in 950 MW offshore wind project in the UK

🕔Apr 5, 2018

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.

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Fortum to purchase 312 MW wind power in Finland

Fortum to purchase 312 MW wind power in Finland

🕔Apr 3, 2018

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.

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IPPToday #180: E.ON and RWE announce asset swap deal with US$1.85 billion cash payment

IPPToday #180: E.ON and RWE announce asset swap deal with US$1.85 billion cash payment

🕔Mar 23, 2018

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.

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IPPToday #178: Vattenfall wins 750 MW in Netherlands' offshore wind tender

IPPToday #178: Vattenfall wins 750 MW in Netherlands' offshore wind tender

🕔Mar 21, 2018

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.

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Landsvirkjun issues debut Green Bond in US Private Placement market

Landsvirkjun issues debut Green Bond in US Private Placement market

🕔Mar 19, 2018

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.

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IPPToday #173: Statoil to develop 1200 MW offshore wind in Polish Baltic Sea

IPPToday #173: Statoil to develop 1200 MW offshore wind in Polish Baltic Sea

🕔Mar 13, 2018

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.

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IPPToday #172: Russia announces 1250 MW renewable energy tender

IPPToday #172: Russia announces 1250 MW renewable energy tender

🕔Mar 12, 2018

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".

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Boralex closes financing for 112 MW wind projects in France

Boralex closes financing for 112 MW wind projects in France

🕔Mar 9, 2018

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).

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Eolus secures PPA for 330 MW wind project in Norway

Eolus secures PPA for 330 MW wind project in Norway

🕔Mar 9, 2018

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.

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CIP and DEW partner to develop geothermal projects in Germany

CIP and DEW partner to develop geothermal projects in Germany

🕔Mar 8, 2018

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).

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IPPToday #169: 500 MW awarded in France's first onshore wind tender

IPPToday #169: 500 MW awarded in France's first onshore wind tender

🕔Mar 7, 2018

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.

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300 MW open cycle gas turbine project in UK reaches financial close

300 MW open cycle gas turbine project in UK reaches financial close

🕔Mar 6, 2018

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.

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Vattenfall plans major investment in large-scale solar power generation

Vattenfall plans major investment in large-scale solar power generation

🕔Mar 5, 2018

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.

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IPPToday #165: Acciona to sell its five CSP plants in Spain to ContourGlobal for €1 B

IPPToday #165: Acciona to sell its five CSP plants in Spain to ContourGlobal for €1 B

🕔Mar 1, 2018

ACCIONA has reached an agreement to sell its five solar thermal plants in Spain (with a combined capacity of 250MW) to ContourGlobal plc.

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