Innogy SE has announced the purchase of two large-scale solar development projects from Overland Sun Farming in Australia, with a combined capacity of more than 460 MW. The Limondale and Hillston solar projects are located in New South Wales.
Energy Finance & Investment News in Oceania
Australian generation and utility company AGL has announced plans to issue Requests for Expressions of Interest for 500 MW wind projects in an attempt to replace the power produced by its Liddell coal-fired power plant, which will be shut down in 2022.
Equis Energy has achieved financial close on its 127 MW Tailem Bend solar project in South Australia, located 100km south‐east of Adelaide. The estimated total investment is AUD200 million (US$157.17 million).
Mitsui and Co. has submitted non-binding and conditional proposal to Australian oil and gas producer AWE Ltd, for all of its shares, at AUD0.95 (US$0.75) each, which values the company at about AUD594 million (US$470.5 million). This is the third takeover bid that AWE has received in two months.
Canadian Solar Inc, an international solar power company, has entered into an agreement with Photon Energy NV to co-develop five utility-scale solar power projects, with a total capacity of 1.14 GWp. The projects are located in New South Wales, a state in the south-east of Australia.
Neoen Australia has secured financing from the Clean Energy Finance Corporation (CEFC) for its 150MW Coleambally solar farm in New South Wales, in the south-east of Australia. Once completed, it will be the state's largest solar farm.
Canadian Solar has announced that the Oakey 2 solar farm in Queensland, Australia has reached financial close with the Clean Energy Finance Corporation (CEFC) for a facility commitment of approximately AUD55 million (US$42.8 million).
Snowy Hydro’s independent Board of Directors has approved the Snowy 2.0 feasibility study, and for further work to be undertaken for the project to progress to a final investment decision in 2018.
Goldwind Australia, a subsidiary of Chinese wind turbine manufacturer, has secured nearly AUD700 million (US$536 million) project financing for construction of Australia’s largest wind farm, the 530-MW Stockyard Hill Wind Farm, located in Western Victoria.
Offshore Energy Pty Ltd. (Offshore Energy) and Copenhagen Infrastructure Partners (CIP), on behalf of the fund Copenhagen Infrastructure III K/S (CI III), announced that they have entered into a partnership regarding the continued development of Australia’s first offshore wind farm, the Star of the South. The project has so far been developed solely by Offshore Energy.
The Minister for Energy, Environment and Climate Change Lily D’Ambrosio has opened the competitive reverse auction that will deliver up to 650 MW of large-scale renewable energy for Victoria.
Instituto de Crédito Oficial (ICO) and ACCIONA have signed an agreement for a loan of AUD75 million (US$56 million) to finance the construction and start-up of the Mt. Gellibrand wind farm in the State of Victoria.
Nexif Energy has announced that it has reached financial close for the first stage of the Lincoln Gap Wind Farm in Australia.
RES Australia announced Emerald Solar Park has reached financial close for both equity and debt on October 24, 2017.
The Kennedy hybrid project reached financial closure in September this year, a power purchase agreement for a period of 10 years with CS Energy for all of its electricity and some of the Large-Scale Generation Certificates.
Global Infrastructure Partners (GIP), an independent global infrastructure investor, has announced that its fund, Global Infrastructure Partners III - in conjunction with the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, CIC Capital Corporation and a group of its other Limited Partner Co-Investors - has agreed to acquire 100 percent of the equity interests in the wind and solar renewable energy portfolio of Equis Funds Group for US$5.0 billion (including assumed liabilities of US$1.3billion).
Indian energy utility Adani Group has received the go-ahead for the construction of its 140-megawatt solar farms in Whyalla.
Foresight Solar Fund Limited has entered into a binding contract to acquire its first asset outside of the UK with a commitment to acquire 48.5% of the share capital of Bannerton Solar Farm in Victoria, Australia.
Fotowatio Renewable Ventures (FRV) has announced the financial close of the 100 MWac Lilyvale Solar Farm, located near Emerald in Queensland.
WIRSOL Energy Pty Ltd. part of WIRCON group, has started yet another new utility scale solar project in Australia. The company plans to start construction during Q4 2017, delivering an overall DC installed capacity of approx. 110MW.