October 2015

OPIC Commits US$400 Million to 100-MW South African Solar Project

The Overseas Private Investment Corporation has signed an agreement with US-based energy developer SolarReserve and Saudi Arabia-based ACWA Power with a US$400 million commitment of debt financing to support the development of the100-megawatt Redstone Concentrating Solar Power project in Northern Cape, South Africa.

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Google to Buy Stake in Vestas’ 310-MW Kenyan Wind Farm

Google will acquire Vestas’ 12.5% stake in Africa’s largest wind farm, the 310-megawatt Lake Turkana in Kenya.
The Lake Turkana wind park is expected to be one of the most efficient wind parks in the world, and have an annual power production of more than 1,400 GWh, which will provide around 15% of Kenya’s electricity needs based on current generation capacity. The wind park is owned by Lake Turkana Wind Power and is key to Kenya’s development goals.

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Ecotricity to Raise US$38 Million From Bonds for Solar, Wind Projects

UK green energy company Ecotricity has launched a third bond as it looks to raise up to £25 million (US$ 38 million)to assist in building more green energy projects in Britain.
Funds from the ecobonds one and two helped finance the building of a hybrid solar energy park and four wind power projects totalling nearly 20MW of capacity. ecobond three will offer investors a return of 5.5% per annum and help finance six new green energy projects already in the first stages of construction – projects that could generate enough green energy to power over 10,000 homes.

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