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.
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.
Hydro One Limited and Avista Corporation have announced that the companies have mutually agreed to terminate their merger agreement, announced in July 2017.
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.
Singapore’s WEnergy Global, ICMG 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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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).
Macquarie Capital Launches Green Investment Group in North America; Completes Two Green Energy Investments
Green Investment Group (GIG) launches in North America, establishing GIG as a global renewable energy investment platform.
E.ON SE has successfully completed the sale of its 46.65 percent stake in Uniper SE to Fortum Corporation.
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.