December 2015

SunEdison Terminates Agreement to Acquire Stake in Renova

Americas, Deals & Finance, Head Lines, Hydro, Solar, Wind

SunEdison has terminated the securities purchase agreement with Light S.A. to acquire an approximate 16% stake in Renova for US$250 million.
Also terminated is an agreement among SunEdison and TerraForm Global and Brazil’s Renova Energia S.A. which provided for the acquisition of certain development-stage projects that were intended for a subsequent sale by SunEdison to TerraForm Global as call rights projects under the sponsor support agreement.

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Tri Global Energy Adds Solar to Portfolio With Acquisition of Installer

Americas, Deals & Finance, Solar

Tri Global Energy, a wind energy developer, has added solar to its portfolio with the formation of a new business unit–TGE Solar–and the acquisition of K12Solar, a California-based provider of roof-top solar photovoltaic energy systems.

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NextEra to Continue With 17MW of Solar Projects in Military Bases

Americas, Solar

NextEra Energy Resources said that it plans to continue a project to build, own and operate approximately 17 megawatts of solar facilities on three separate military installations on Oahu.

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Accio Energy Gets US Government Grant for Wind Systems

Americas, Deals & Finance, Technology, Wind

Accio Energy has been awarded US$4.5 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy.

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sPower Starts Operating 22.5-MW Solar Plant in Los Angeles

Americas, Solar

sPower has completed and started operating its 22.5-megawatt Sierra Solar project, its first in Los Angeles County.

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EDF Renewable Energy Completes Financing for 60-MW Wind Farm

Americas, Wind

EDF Renewable Energy has closed financing of the 175–megawatt Pilot Hill wind project located in Kankakee and Iroquois Counties in Illinois, US.

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US Finalizes Renewable Fuel Standard Volume Requirements

Americas, Biomass, Efficiency, Policy

The US Environmental Protection Agency has announced final volume requirements under the Renewable Fuel Standard program for 2014, 2015 and 2016, and final volume requirements for biomass-based diesel for 2014 to 2017.

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Vestas to Supply 201MW of Turbines to US Wind Farm

Europe/Middle East/Africa, Wind

Vestas has received an order from EDF Renewable Energy to supply and install a 201-megawatt wind farm in the US.

Vestas to Supply 201MW of Turbines to US Wind Farm Read More »

Building Energy Starts Work on 30-MW Wind Farm in Iowa

Americas, Wind

Building Energy has started construction of a 30-megawatt wind power project in Iowa.

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EBRD Commits US$500 Million Support for Egypt’s Solar Target

Deals & Finance, Europe/Middle East/Africa, Head Lines, Solar

The European Bank for Reconstruction and Development has earmarked up to US$500 million for 2016 to support Egypt’s new solar energy programme, which aims to construct up to 2,000 megawatts of utility-scale solar generating capacity as part of an ambitious target to secure 20% of electricity from renewable sources.
The 2,000MW capacity is expected to be delivered through around 40 projects of approximately 50MW each as part of a strategy to increase renewable power generation in Egypt by mobilising private sector investors. Many of these projects will be located on a planned 1.8-gigawatt site near Benban in Upper Egypt, which on completion will be the largest solar park in the world.

EBRD Commits US$500 Million Support for Egypt’s Solar Target Read More »

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