Otary, a Belgian offshore wind development platform, has announced that the 487 MW SeaMade offshore wind project has reached financial close.
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.
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).
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).
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).
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).
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.
Kazakhstan Electricity and Capacity Market Operator (KOREM) has announced that it has contracted 857.93 MW of renewable energy this year through auctions.
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.
The Secretary of the Interior of the USA has announced three major developments in the country's offshore wind energy sector.
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).
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.
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.
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.
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.
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).
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.
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.
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.