DONG Energy has agreed to divest the entire share capital of DONG E&P A/S to INEOS for an unconditional payment of US$1,050 million on a cash and debt free basis, a contingent payment of US$150 million related to the Fredericia stabilisation plant and a contingent payment of up to US$100 million subject to the development of the Rosebank field.
Energy Finance & Investment News in Europe
LUXCARA, the German renewable energy asset manager, has acquired a sizeable portfolio of wind turbines in southern Norway. The wind farms are located in the Bjerkreim region and will provide a total capacity of 262.8 MW.
The Caisse des Dépôts and MERIDIAM have signed their investment in the project company "Groix & Belle-Île floating wind turbines", a major milestone for the development of the French wind farm project.
Terra Firma has announced the completion of the sale of the Infinis Group’s onshore wind assets to institutional investors advised by J.P. Morgan Asset Management.
The Federal Network Agency (Bundesnetzagetur) has announced that it has accepted a total of 70 successful bids for the development of onshore wind energy projects totalling 807 MW.
EFG Hermes has announced that Vortex, the European renewable energy platform managed by its private equity division, reached financial close today on its 100% acquisition of a 365 MW portfolio of 24 operational solar assets in the UK from TerraForm Power.
The Forestalia Group, through the Sociedad Aragonesa Transeuropea de Energías Renovables, has been awarded a contract by Spain’s Ministry of Energy, Tourism and Digital Agenda to develop a 1,200 MW wind farm in Aragón.
Enel, acting through its Spanish subsidiary Endesa’s renewable company Enel Green Power España (EGPE), has been awarded 540 MW of wind power capacity in Spain, following the tender for 3,000 MW of renewable energies.
Enel has purchased the Tynemouth stand-alone battery energy storage system (BESS) project located in Newcastle, in UK, by acquiring 100% of the shares in Tynemouth Energy Storage Limited from the European based energy developer and operator Element Power.
DONG Energy has announced that Burbo Bank Extension offshore wind farm has been inaugurated in Liverpool (UK).
Belltown Power has announced that it has concluded the refinancing of Tirgwynt wind farm with senior debt provided by Barclays.
Octopus Investments Limited, the specialist alternatives manager has announced the successful close of the energy fund Renewable Energy Income Partnership at c.£300 million.
EnBW Energie Baden-Württemberg AG has given the green light for the 112 MW EnBW Albatros offshore wind farm and has approved the final decisions taken regarding construction and investment.
The Trianel Windpark Borkum II (TWBII) offshore wind farm project in the German North Sea has achieved financial close.
PGE Polska Grupa Energetyczna SA, a company controlled by the Polish State and the main electricity producer in Poland, is to acquire all of EDF Polska assets (cogeneration and electricity generation).
EFG Hermes and Malaysian and Tenaga Nasional Berhad (TNB), have reached the closure on its 100% acquisition of a 365 MW portfolio of 24 operational solar assets in the United Kingdom from TerraForm Power.
Tages has announced the third closing of Tages Helios with an additional €55 million (US$60 million) committed to its property alternative investment fund, which focuses exclusively on the Italian photovoltaic sector.
PLT energia S.p.A., an Italian industrial holding company operating in the field of renewable energies market, announces that Simeri Crichi (CZ) wind farm, of 22,55 MW of installed capacity, is operative.
European Energy A/S has signed agreements for the sale of four wind farms in Denmark, Italy and Germany totalling around 64 MW of capacity.
First State Investments has announced its European Diversified Infrastructure Fund II completed its first fundraising series reaching its target of €700 million (US$767 million) from global institutional investors.