IPPToday #325: Financial close for 487 MW offshore wind project in Belgium UPDATED
Otary, a Belgian offshore wind development platform, has announced that the 487 MW SeaMade offshore wind project has reached financial close.
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Wind News
IPPToday #323: EDPR, Mitsubishi and Engie secure over US$3 billion financing for UK offshore wind project
EDP Renováveis S.A. (EDPR), through its subsidiary EDPR UK Limited, Diamond Generating Europe Limited (DGE) and ENGIE have announced that Moray Offshore Windfarm (East) Limited (MOWEL) has successfully secured financing for the construction of an 950 MW offshore wind farm.
IPPToday #322: Developers announce awards totalling 500 MW in Polish renewables auction
Several companies have announced their success in the Energy Regulatory Office (URE) of Poland's latest renewables auction. Supply contracts were awarded to 31 wind and solar projects proposed by 23 companies, representing more than 41.997 TWh of electricity and worth approximately PLN8.24 billion (US$2.18 billion).
IPPToday #321: NORD/LB arranges financing for 475 MW wind project in Sweden
NORD/LB Norddeutsche Landesbank has announced that it has successfully arranged project financing for the 475 MW Nysäter wind farm project in Sweden of around EUR375 million (~US$430 million).
IPPToday #318: Tilt Renewables achieves financial close of US$400 million wind project in Australia
Tilt Renewables has announced that the 336 MW Dundonnell Wind Farm located in Western Victoria, south-east Australia, has successfully reached financial close. The project is expected to cost AUD560 million (US$404.2 million).
IPPToday #316: New York launches RFP for 800 MW offshore wind projects
New York State Energy Research and Development Authority (NYSERDA) has launched its first request for proposals (RFP) for offshore wind energy, seeking to procure 800 MW or more of offshore wind renewable energy certificates (ORECs).
IPPToday #313: Snowy Hydro contracts 888 MW wind and solar power in Australia
Australian energy provider Snowy Hydro has announced that it has signed Power Purchase Agreements (PPA) for eight wind and solar projects totalling 888 MW. Located across New South Wales and Victoria, states in the south-east of Australia, the projects are expected to generate about 2.8 terawatt hours of energy annually.
IPPToday #312: Kazakhstan awards over 850 MW capacity in 2018 renewables auctions
Kazakhstan Electricity and Capacity Market Operator (KOREM) has announced that it has contracted 857.93 MW of renewable energy this year through auctions.
IPPToday #308: 250 MW wind project in Egypt seeks financing from EBRD and IFC
Both the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have disclosed that they are considering providing loans to a 250 MW wind project in Egypt. The project is owned by Lekela Power and has an estimated total cost of US$325 million.
IPPToday #304: US government announces plans for over 4 GW offshore wind auctions
The Secretary of the Interior of the USA has announced three major developments in the country's offshore wind energy sector.
IPPToday #299: UK energy regulator launches US$2.6 billion transmission tender
The UK government's Office of Gas and Electricity Markets (Ofgem) has launched the sixth round of the offshore transmission owner regime, which uses competitive tendering to license offshore electricity transmission. The tender covers links to three offshore wind farms with an estimated total value of GBP2 billion (US$2.62 billion).
IPPToday #298: Macquarie joins consortium developing 11 GW renewables hub in Australia
The project company for the Asian Renewable Energy Hub has announced that Macquarie Group has agreed to join the consortium developing the project and provide development capital. Macquarie's consortium partners for the over 11 GW project are Intercontinental Energy, Vestas and CWP Energy Asia.
IPPToday #297: Offshore wind project in Belgium achieves US$800 million financial close
Northwester 2, the project company for a 219 MW offshore wind farm to be located in the Belgian North Sea, has announced that the project has reached financial close. Northwester 2 is owned by Parkwind (70%) and Sumitomo Corporation (30%).
IPPToday #296: German government announces new tenders for over 8 GW solar and wind capacity by 2020
The government of Germany has passed a resolution to tender over 8 GW solar and wind capacity in the next two years.
IPPToday #293: Enel sells stake in 1.8 GW renewable projects in Mexico for US$1.4 billion
Enel, acting through its renewables subsidiary Enel Green Power (EGP), has closed the sale of 80% of the share capital of eight special purpose vehicles (SPVs), which own a combined 1.8 GW renewable capacity in Mexico, to the Caisse de dépot et placement du Québec (CDPQ) and the investment vehicle of the pension fund CKD Infraestructura México (CKD IM), an investment vehicle of some of the largest pension funds in Mexico.
IPPToday #291: SSE to buy Fluor out of 1.5 GW offshore wind project in Scotland
SSE has announced that it is exercising its pre-emption right to acquire Fluor's 50% share in Seagreen Wind Energy Limited, established to develop offshore wind projects in the Firth of Forth Zone in east-central Scotland.
IPPToday #289: US$1.5 billion acquisition to create second largest solar portfolio in North America
Consolidated Edison, Inc. (more commonly known as Con Edison) has announced that one of its subsidiaries has agreed to acquire 981 MW AC of operating renewable energy generation projects from a subsidiary of Sempra Energy. The purchase price is US$1.54 billion (subject to closing adjustments, including working capital).
IPPToday #287: Ørsted to sell 50% stake in 1.2 GW UK offshore wind farm for US$6 billion
Ørsted has announced that it has signed an agreement to sell 50% of the 1,218 MW Hornsea 1 offshore wind farm to Global Infrastructure Partners (GIP). Located off the coast of Yorkshire, north-east England, Hornsea 1 is currently in construction and will be the world’s largest offshore wind farm when commissioned in 2020.
IPPToday #286: New Jersey Board approves USA's largest offshore wind tender to date
The New Jersey Board of Public Utilities has unanimously approved opening a solicitation for 1,100 MW of offshore wind capacity. This is largest single-state solicitation of offshore wind in the USA to date.
IPPToday #285: SSE proposes US$2.2 billion investment in Irish offshore wind
Scottish energy company SSE has disclosed plans to expand the 25.2 MW Arklow Bank offshore wind farm, located off the coast of County Wicklow, eastern Ireland, to over 500 MW. SSE is proposing to invest between EUR1 and 2 billion (US$1.16 and 2.32 billion) in the project.
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