Deals & Finance

Gamesa Secures 50MW Wind Farm Project With ReNew Power In Karnataka, India

Asia Pacific, Deals & Finance, Energy, Head Lines, Wind

Gamesa has secured a new order in India from ReNew Power, one of India’s leading independent power producers (IPP), for the EPC construction of a 50MW wind farm located in Bijapur, in the state of Karnataka. The agreement with ReNew Power encompasses the installation of 25 G114-2.0 MW class S turbines. With a tower height of 106 metres, this new turbine variant is custom-designed for the low wind speed sites typical of India. Since it’s a turnkey contract, Gamesa will also provide the infrastructure needed to install and operate the facility. The wind farm’s commissioning is scheduled for March 2017.

Gamesa Secures 50MW Wind Farm Project With ReNew Power In Karnataka, India Read More »

Tata Acquires Welspun And Creates The Largest Renewables Entity In India

Asia Pacific, Deals & Finance, Energy, Head Lines

Tata Power Renewables (TPREL), has completed its acquisition of 100% shareholding in Welspun Renewables (WREPL). WREPL has 1,140 MW of projects comprising of about 990 MW Solar and about 150 MW Wind. TPREL has 312 MW of Renewable capacity with a further 500 MW of Renewable assets being carved out of Tata Power into TPREL. In addition, about 400 MW of projects are being implemented. Thus, TPREL will have a renewable portfolio of about 2,300 MW, making it the largest Renewable Power Company in India.

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US and German Companies Combine To Deliver 350MW in US Solar Projects

Americas, Deals & Finance, Europe/Middle East/Africa, Solar

BayWa r.e., a wholly owned subsidiary of global conglomerate BayWa AG, and Geenex Solar LLC, a leading North Carolina-based developer, have joined forces to develop an initial portfolio of projects in North Carolina and Virginia totaling 350 MW. The First project has started construction and is scheduled to be completed by the end of 2016. The parties plan to begin constructing the next projects over the coming months with energy deliveries from the portfolio expected in 2017 and 2018. The projects range in size from 20 to 100 MW and are in different stages of development. BayWa r.e. will provide turn-key engineering, procurement, construction, financing and O&M, while Geenex will utilize its local expertise to drive development activities.

US and German Companies Combine To Deliver 350MW in US Solar Projects Read More »

IEnova Agrees Acquisition Of Mexico’s Largest Wind Farm For $852m

Americas, Deals & Finance, Head Lines, Wind

IEnova has announced that it has agreed to the purchase of 100% of the equity interests in the “Ventika” wind generation facility. It is a 252 MW wind generation facility powered by 84 turbines, making it the largest wind farm in Mexico and one of the largest wind farms in Latin America. The facility is comprised of two adjacent wind farms located in the General Bravo municipality in the state of Nuevo Leon and was jointly developed by Fisterra Energy and Cemex, a global building materials company with presence in more than 50 countries. In December 2015, construction was completed and commercial operations commenced in April 2016.

IEnova Agrees Acquisition Of Mexico’s Largest Wind Farm For $852m Read More »

German Patience Wins 350MW Order In Largest Energy Tender In Chile’s History

Americas, Deals & Finance, Europe/Middle East/Africa, Head Lines, Wind

Seven years after making its first move in Chile, German firm wpd has taken part in the largest energy tender for the supply of electricity in Chile’s history and distanced its competitors in the market. As the Energy Ministry officially announced on Wednesday evening, three projects with wpd’s participation have been accepted. In the process, wpd has secured so-called “Power Purchase Agreements” (PPA) for 786.8 GWh per year with a term of 20 years from 2021.

German Patience Wins 350MW Order In Largest Energy Tender In Chile’s History Read More »

Mainstream Wins 986MW, $1.65bn Wind Projects in Chile’s Largest Energy Tender

Americas, Deals & Finance, Europe/Middle East/Africa, Head Lines, Wind

Global wind and solar energy company Mainstream Renewable Power was today awarded contracts by the National Energy Commission of Chile to build and operate seven utility-scale wind energy plants with a total investment value of USD $1.65bn. The projects are scheduled to begin supplying low-cost, clean energy into the grid from January 2021. Mainstream led the largest and most competitive energy tender in Chilean history with this award of 986MW. The Tender was 7 times oversubscribed – 84 companies submitted 85,000 gigawatt-hours (GWh) of bids for just over 12,000 GWh of available power.

Mainstream Wins 986MW, $1.65bn Wind Projects in Chile’s Largest Energy Tender Read More »

Ellomay Capital Sees Growth, Investing €200m In Dutch Waste To Energy Projects

Biomass, Deals & Finance, Europe/Middle East/Africa, Region

Ellomay Capital from Israel has signed an agreement with Ludan Engineering, from the Netherlands, to develop €200m ($220m) waste-to-energy projects in Netherlands.As part of the deal, Ellomay will acquire at least 51% interest in each project while Ludan will hold the remaining 49% stake.The deals are subject to the fulfillment of certain conditions, including projects reaching financial close and receiving a subsidy from the Dutch authorities. The overall cost of the projects is estimated to be approximately €200m.

Ellomay Capital Sees Growth, Investing €200m In Dutch Waste To Energy Projects Read More »

Danish Investment Fund Acquires $208m, Biomass Fired, UK CHP Power Plant

Biomass, Deals & Finance, Energy, Europe/Middle East/Africa, Head Lines

The fund Copenhagen Infrastructure II and Burmeister & Wain Scandinavian Contractor A/S (BWSC) have acquired 100% of the biomass-fired combined heat and power plant project in Kent, UK. The power plant will have a capacity of 27.8 MW and will be fired primarily with virgin wood sourced locally in the UK. The Fund has also taken the investment decision to construct the project. The total investment in the Kent project will amount to approximately $208m.

Danish Investment Fund Acquires $208m, Biomass Fired, UK CHP Power Plant Read More »

Vattenfall Acquires North Sea Offshore Wind Project of 79 Turbines Across 47Km

Deals & Finance, Energy, Europe/Middle East/Africa, Wind

Vattenfall has acquired a wind development project consisting of up to 79 turbines in the German North Sea. The acquisition is in line with Vattenfall’s growth strategy to extensively expand its renewable energy production in the coming years. “The acquisition underlines once more that our growth ambitions in wind are under full steam. As a company we are on a good way to reshape our generation portfolio towards more renewable energies in all our markets”, says Gunnar Groebler, Senior Vice President and Head of Business Area Wind at Vattenfall.

Vattenfall Acquires North Sea Offshore Wind Project of 79 Turbines Across 47Km Read More »

European Offshore Wind Attracts Record €14bn New Investment in First Half 2016

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

The European offshore wind industry attracted a record €14 billion in new investments during the first six months of 2016, as the key trends and statistics from WindEurope show. Giles Dickson, CEO of WindEurope, said: “The record investment numbers show a clear industry commitment to offshore wind. We expect installations will pick up significantly in 2017 but there are a lot of challenges out there still on offshore wind. Not least the uncertainty over future volumes and regulation in many key markets for the period after 2020. We’re a long way from being able to say job done on offshore wind.”

European Offshore Wind Attracts Record €14bn New Investment in First Half 2016 Read More »

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