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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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Marguerite II invests in energy-efficient public lighting in Italy

Marguerite II invests in energy-efficient public lighting in Italy

🕔Jun 13, 2018

Pan-European equity fund Marguerite II has invested in City Green Light, one of the largest private operators of public lighting in Italy. This follows the investment by Fondo Italiano per l’Efficienza Energetica (FIEE) – the first Italian equity fund entirely dedicated to investing in projects in the energy efficiency sector – in February 2018.

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IPPToday #231: MoU signed for US$1 billion renewable projects in West Africa

IPPToday #231: MoU signed for US$1 billion renewable projects in West Africa

🕔Jun 13, 2018

Multinational renewables developer Gigawatt Global Cooperatief has signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to invest US$1 billion in renewable energy projects in the region.

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Denmark's IFU and pension funds launch US$650 million sustainable investment fund

Denmark's IFU and pension funds launch US$650 million sustainable investment fund

🕔Jun 12, 2018

The Investment Fund for Developing Countries (IFU), based in Denmark, has signed an agreement with six pension funds - PKA, PensionDanmark, PFA, ATP, JØP/DIP and PenSam - to establish the Danish SDG Investment Fund, which will contribute to meeting the UN Sustainable Development Goals (SDGs) in developing countries and promote the sale of Danish expertise and technology.

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Greenko to acquire Orange Renewables Singapore at over US$900 million valuation

Greenko to acquire Orange Renewables Singapore at over US$900 million valuation

🕔Jun 11, 2018

Greenko Energy Holdings (Greenko) has announced that it has entered into a definitive purchase agreement with AT Capital Group for the acquisition of Orange Renewables Singapore, for a total enterprise value of approximately US$922 million.

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Impax closes New Energy Investors III at US$420 million

Impax closes New Energy Investors III at US$420 million

🕔Jun 11, 2018

Impax Asset Management Group Plc has announced the close of its third private equity infrastructure fund at EUR357 million (US$420.1 million)Impax New Energy Investors III (NEFIII) is focussed on investments in renewable power generation and related assets in Europe.

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IPPToday #225: South Africa to procure 1.8 GW renewable projects in November

IPPToday #225: South Africa to procure 1.8 GW renewable projects in November

🕔Jun 4, 2018

The Energy Minister of South Africa, Jeff Radebe, has announced that the fifth bidding round of the country's Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) will be launched in November 2018. The tender will procure up to 1.8 GW renewable capacity.

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Eesti Energia agrees to third largest acquisition in history of Estonia

Eesti Energia agrees to third largest acquisition in history of Estonia

🕔Jun 1, 2018

Eesti Energia AS has announced that its fully owned subsidiary Enefit Green AS has entered into a share purchase agreement regarding all the shares in Nelja Energia AS, a renewable energy producer and developer in the Baltic region of Europe.

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IPPToday #220: Partners Group to invest US$530 million in Australian renewables platform

IPPToday #220: Partners Group to invest US$530 million in Australian renewables platform

🕔May 28, 2018

Partners Group has announced that it has agreed to invest AUD700 million (US$528.2 million) in a new large-scale renewable energy platform in Australia, to be called Grassroots Renewable Energy Platform. It will construct over 1.3 GW of new wind power, solar power and battery storage assets across Australia within the next four years.

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Bank of America issues US$2.25 billion green bond

Bank of America issues US$2.25 billion green bond

🕔May 24, 2018

Bank of America Corporation has announced the issuance of its fourth and largest green bond. For an aggregate principal amount of US$2.25 billion, the issue is driven by the company’s commitment to deploying capital to advance sustainable projects.

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IPPToday #216: Enel Green Power to invest US$320 million in 320 MW in Spain

IPPToday #216: Enel Green Power to invest US$320 million in 320 MW in Spain

🕔May 22, 2018

Enel Green Power has announced plans to build new solar photovoltaic plants and wind farms with a total installed capacity of more than 320 MW in Spain. This will require an investment of EUR280 million (US$329.3 million).

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Statoil becomes Equinor

Statoil becomes Equinor

🕔May 17, 2018

On 15 May 2018, the annual general meeting (AGM) of shareholders in Statoil ASA approved the board of directors’ proposal to change the company name to Equinor ASA. From 16 May 2018 (inclusive), the company’s shares have been trading on Oslo Børs under the new ticker “EQNR”.

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Alstom divesting from energy joint ventures with GE

Alstom divesting from energy joint ventures with GE

🕔May 15, 2018

Alstom has signed an agreement with General Electric (GE) regarding its intention to exit three joint ventures set up in November 2015 as part of the sale of Alstom's energy business to GE. GE has agreed to buy Alstom's stakes in the joint ventures for EUR2.59 billion (US$3.10 billion).

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CPPIB to acquire 49% stake in 1.8 GW renewable projects for US$1.4 billion

CPPIB to acquire 49% stake in 1.8 GW renewable projects for US$1.4 billion

🕔May 11, 2018

Canada Pension Plan Investment Board (CPPIB) has signed agreements with Enbridge Inc. to acquire 49% of Enbridge’s interests in select North American onshore renewable power assets, as well as 49% of Enbridge’s interests in two German offshore wind projects for approximately CAD1.75 billion (US$1.36 billion).

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700 MW renewables tender in Alberta progresses to RFQ stage

700 MW renewables tender in Alberta progresses to RFQ stage

🕔May 9, 2018

Alberta Electric System Operator (AESO) has opened the Request for Qualifications (RFQ) stage of rounds 2 and 3 of its Renewable Energy Program (REP), which aims to install 5,000 MW of renewable energy in the state, located in western Canada, by 2030.

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IPPToday #202: New York seeks to procure renewable projects worth US$1.5 billion

IPPToday #202: New York seeks to procure renewable projects worth US$1.5 billion

🕔Apr 30, 2018

The Governor of New York, Andrew M. Cuomo, has announced the launch of the second tender for large-scale renewable energy projects in the state. The tender will procure Tier 1 Renewable Energy Certificates for up to 20 projects. It is expected to trigger up to US$1.5 billion in private investment and create more than 1,000 new well-paying jobs for New Yorkers.

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Lightsource BP and Everstone Group form joint venture to invest in green infrastructure in India

Lightsource BP and Everstone Group form joint venture to invest in green infrastructure in India

🕔Apr 19, 2018

Lightsource BP has formed a 50:50 joint venture with the Everstone Group, one of India’s leading private equity fund managers, to create a major fund management platform for green energy infrastructure in India, to be called EverSource Capital.

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IPPToday #195: 3.5 GW submitted in Victoria's first renewables auction

IPPToday #195: 3.5 GW submitted in Victoria's first renewables auction

🕔Apr 18, 2018

The Energy Minister of the Government of Victoria has announced that the Australian state's first large-scale renewable energy auction attracted bids amounting to over 3,500 MW generation capacity. This is over five times the capacity that the government planned to allocate.

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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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