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.
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Wind News
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.
ENGIE and STOA sign joint venture agreement for Indian wind platform
ENGIE has announced that it has entered into a partnership with STOA, a French infrastructure and power equity investor in developing countries, to build a wind platform in India, through a joint venture owned 50/50 by the two entities.
IPPToday #283: EBRD to finance 327 MW renewable projects in Turkey
The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a financing package of up to US$102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding. The funds will be invested in building four new wind farms and nine solar PV plants with a combined capacity of 327 MW.
Google signs PPAs for 190 MW wind projects in Finland
Google has announced that it has signed agreements to purchase renewable energy from three new wind farms in Finland totaling 190 MW. The wind farms are being developed by CPC, Neoen, and WPD.
IPPToday #282: Australian state awards long-term contracts for 928 MW capacity in first renewable energy auction
The Australian state of Victoria, located in the south-east of the country, has awarded Support Agreements to six renewable energy projects with 928 MW cumulative capacity in its first renewable energy auction.
IPPToday #280: Ørsted opens world's largest offshore wind farm
Ørsted has announced that Walney Extension, the world’s largest operational offshore wind farm, has been officially opened. The 659 MW project is 50% owned by Ørsted, with the remaining share owned by the Danish pension funds PKA (25%) and PFA (25%).
Engie and J-Power sign MoU for offshore wind projects
Electric Power Development Co., Ltd. (J-POWER) and ENGIE have signed a Memorandum of Understanding (MOU) to collaborate on the development of power projects, particularly in large-scale commercial offshore wind projects.
Statkraft signs PPAs for community wind farms in Germany
Statkraft has signed power purchase agreements (PPAs) for six community wind farms in Germany with a total 31 wind turbines. This will allow these wind farms to continue operating after their funding provided by the Erneuerbare-Energien-Gesetz (EEG - Renewable Energy Sources Act) expires.
IPPToday #277: US$2.6 billion offshore wind project in the UK reaches financial close
innogy SE has announced that the Triton Knoll offshore wind project, which involves the development of an 860 MW wind farm off the coast of Lincolnshire, England, has achieved financial close. Total planned investment volume amounts to approximately GBP2 billion (US$2.59 billion).
IPPToday #276: Acciona to power LATAM Airlines in Chile with renewable energy
Acciona has signed a contract to supply 100% renewable electricity to the two main facilities of LATAM Airlines Group, the biggest airline group in Latin America, from September this year.
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