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EBRD Extends US$52 Million for Moroccan Hydropower Sector

The European Bank for Reconstruction and Development is providing a loan of up to €35 million(US$52 million) to the Office National de l Electricite et de l’Eau Potable for a rehabilitation programme of 12 small- and medium-sized hydropower plants in Morocco.
The overhaul will contribute to the extension of the lifespan of the plants and improve their energy efficiency. The loan is already the third transaction between the EBRD and ONEE.

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Enbridge Pays US$564 Million to Buy Stake in 400-MW Offshore Wind Farm

Enbridge Inc. has acquired a 24.9%stake in the 400-megawatt Rampion offshore wind project in the UK for £370 million (US$564 million).
The amount includes all interest during construction, transaction costs and a development fee. The project was developed and is being constructed by E.ON Climate & Renewables UK, a subsidiary of E.ON SE.

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