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GE consolidates renewable and grid assets into new Renewable Energy busines

GE consolidates renewable and grid assets into new Renewable Energy busines

🕔Feb 11, 2019

GE has announced that it intends to intensify its focus on the growing renewable energy market by consolidating all of the company's renewable and grid assets into a single, simplified Renewable Energy business.

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RWE progresses innogy-E.ON asset swap with EC filing

RWE progresses innogy-E.ON asset swap with EC filing

🕔Feb 11, 2019

RWE has announced that it has filed the acquisition of the renewables businesses of E.ON and innogy with the European Commission. The filing is the first step of a diverse merger control procedure, which is necessary due to the substantial asset swap between RWE and E.ON, announced in March 2018.

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Hydro One and Avista terminate merger agreement

Hydro One and Avista terminate merger agreement

🕔Feb 11, 2019

Hydro One Limited and Avista Corporation have announced that the companies have mutually agreed to terminate their merger agreement, announced in July 2017.

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AfDB approves US$25 million equity investment in Africa Renewable Power Fund

AfDB approves US$25 million equity investment in Africa Renewable Power Fund

🕔Feb 11, 2019

The Board of Directors of the African Development Bank Group has approved an equity investment of up to US$25 million in ARCH Africa Renewable Power Fund (ARPF), a US$250 million private equity fund for renewable energy projects across Sub-Saharan Africa.

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US$100 million clean energy fund launched for Southeast Asia

US$100 million clean energy fund launched for Southeast Asia

🕔Feb 11, 2019

Singapore’s WEnergy GlobalICMG Partners and Greenway Grid Global have announced that they have formed a Singapore-based investment entity of US$60 million that will finance and operate renewable energy projects in Southeast Asia, of which US$20 million has been made available for short term deployment.

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RGREEN INVEST closes bridge financing fund for renewable energy projects

RGREEN INVEST closes bridge financing fund for renewable energy projects

🕔Feb 6, 2019

RGREEN INVEST has announced that it has successfully closed the fundraising of its Nouvelles Energies fund at EUR124 million (US$141.2 million), exceeding its fundraising target of EUR100 million (US$113.9 million) in six months.

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Investec and UKCI invest US$73 million in new African renewable energy yieldco

Investec and UKCI invest US$73 million in new African renewable energy yieldco

🕔Jan 21, 2019

UK Climate Investments (UKCI) has announced a planned ZAR500 million (US$36.5 million) cornerstone investment in a dedicated African renewable energy yieldco, Revego Africa Energy Limited.

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Enel places EUR1 billion green bond

Enel places EUR1 billion green bond

🕔Jan 21, 2019

Enel Finance International N.V. (EFI), an Enel Group finance company controlled by Enel S.p.A., has successfully placed its third green bond on the European market, reserved for institutional investors and backed by a guarantee issued by Enel.

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IPPToday #302: US$920 million asset sale leads to UK's first 100% renewable energy business

IPPToday #302: US$920 million asset sale leads to UK's first 100% renewable energy business

🕔Oct 17, 2018

Iberdrola, through its subsidiary ScottishPower, has agreed to sell its traditional generation assets in the United Kingdom to Drax Smart Generation, a subsidiary of the Drax Group for GBP702 million (US$922.5 million). Thus, the company becomes the first 100% renewable integrated energy business in the UK.

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IPPToday #292: US state launches RFP for 400 MW renewable projects

IPPToday #292: US state launches RFP for 400 MW renewable projects

🕔Sep 27, 2018

The Narragansett Electric Company (NEC), an electric distribution company serving customers in Rhode Island and a subsidiary of UK utility National Grid, has issued a Request for Proposals (RFP) for the supply of energy as well as Renewable Energy Certificates and related attributes from up to 400 MW renewable energy projects.

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sPower closes US$500 million refinancing

sPower closes US$500 million refinancing

🕔Sep 21, 2018

sPower has announced that it recently closed a US$498.7 million investment grade private placement financing. The financed portfolio represents approximately half of sPower’s 1.3 GW of operating portfolio. The portfolio is comprised of four previously financed tax equity partnerships with four leading financial investors.

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Orix launches renewables O&M services unit

Orix launches renewables O&M services unit

🕔Sep 6, 2018

ORIX Corporation has announced that it has established and commenced activities at ORIX Renewable Energy Management Corporation, a company tasked with the operation, management, and maintenance of power plants that use renewable energies such as solar power.

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IPPToday #278: Brazil awards contracts to 835 MW projects in latest energy auction

IPPToday #278: Brazil awards contracts to 835 MW projects in latest energy auction

🕔Sep 4, 2018

Brazil's Câmara de Comercialização de Energia Elétrica (CCEE - Chamber of Electric Energy Commercialisation) has awarded power purchase agreements for projects with 835 MW total generation capacity in its latest energy auction. The contracts awarded represent BRL23.6 billion (US$575.7 million).

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IPPToday #264: Starwood to acquire US$2.56 B energy project finance debt business

IPPToday #264: Starwood to acquire US$2.56 B energy project finance debt business

🕔Aug 10, 2018

Starwood Property Trust has entered into a definitive agreement to acquire GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio for $2.56 billion, including $400 million of unfunded loan commitments.

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IPPToday #262: IFC and Gaia Energy to develop 22 projects in 9 countries in Africa

IPPToday #262: IFC and Gaia Energy to develop 22 projects in 9 countries in Africa

🕔Aug 8, 2018

IFC, a member of the World Bank Group, has forged a new partnership with Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa. 

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Dominican Republic to replace PPAs with concessions for renewable projects

Dominican Republic to replace PPAs with concessions for renewable projects

🕔Jul 16, 2018

The Dominican Republic's Minister of Energy and Mines has announced that it is changing the way that renewable projects are developed in the country. Instead of awarding PPAs to projects proposed by developers, the Ministry will tender concession contracts for projects that it has designed. 

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US$3 billion final close for Macquarie Super Core Infrastucture Fund Series 1

US$3 billion final close for Macquarie Super Core Infrastucture Fund Series 1

🕔Jul 10, 2018

Macquarie Infrastructure and Real Assets (MIRA) has announced the final close of Macquarie Super Core Infrastructure Fund (MSCIF) Series 1 at EUR2.5 billion (US$2.94 million), exceeding the fund's initial minimum target of EUR1.5 billion (US$1.76 million).

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Macquarie Capital Launches Green Investment Group in North America; Completes Two Green Energy Investments

Macquarie Capital Launches Green Investment Group in North America; Completes Two Green Energy Investments

🕔Jul 5, 2018

Green Investment Group (GIG) launches in North America, establishing GIG as a global renewable energy investment platform.

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E.on closes sale of Uniper stake for EUR 3.8bn

E.on closes sale of Uniper stake for EUR 3.8bn

🕔Jul 2, 2018

E.ON SE has successfully completed the sale of its 46.65 percent stake in Uniper SE to Fortum Corporation.

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IPPToday #232: E.ON secures US$5.9 billion to acquire Innogy

IPPToday #232: E.ON secures US$5.9 billion to acquire Innogy

🕔Jun 14, 2018

E.ON has announced the successful close of the syndication of EUR5 billion (US$5.88 bilion) financing for its acquisition of Innogy, an energy company based in Essen, Germany, with revenue of around EUR44 billion (US$54.3 billion) (2016), more than 40,000 employees and activities in 16 countries across Europe.

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