Deals & Finance

Vestas Wins 278MW Wind Turbines Order From E.ON, USA

Vestas has received a firm and unconditional order from E.ON for 139 V110-2.0 MW wind turbines. The order includes supply and commissioning of the wind turbines as well as a multi-year service agreement. “We are excited to be working with Vestas on this turbine purchase as E. ON expands its U.S. portfolio,” said Patrick Woodson, Chairman of E.ON North America. Nacelles, blades, and towers will be produced at Vestas’ Colorado factories with delivery expected to begin in the second quarter of 2017 and commissioning planned for the fourth quarter of 2017.

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New $1Bn Wind Project: Part Of Alliant Energy’s Vision For Clean Energy In Iowa

Americas, Deals & Finance, Energy, Head Lines, Wind

Iowans will soon see a significant increase in clean, economical wind generation from Alliant Energy. Alliant Energy CEO Patricia Kampling and Gov. Terry Branstad announced the utility will invest approximately $1 billion to expand its wind energy operations in the state. In the 25 year period to 2030, Alliant Energy is targeting a 40% reduction in carbon dioxide emissions. In addition, the project will generate tens of millions of dollars in property taxes, and result in more than 1,500 jobs at the height of construction, boosting Iowa’s economy while supporting customers seeking to use more renewable energy.

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Looking To The Future, Nagasaki Airport Completes 30MW Solar Power Plant

Asia Pacific, Deals & Finance, Head Lines, Solar

SOL de Omura Minojima Solar Power Plant is the biggest solar installation in Nagasaki and is also one of the biggest in Japan. It is located next to Nagasaki Airport’s 3,000-meter runway and expected to generate approximately 37 gigawatt-hours of electricity per year, equivalent to the annual power consumption of 7,500 households in Japan. The project benefited from the support of regional companies, and electricity generated by the power plant is being sold to Kyushu Electric Power Company.

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Morocco Accelerates With 120MW Vestas Wind Energy Project

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

The Khalladi wind park will be the first renewable energy project financed by the European Bank for Reconstruction and Development (EBRD) in Morocco, that allows private producers to sell electricity (through PPAs) to industry. In addition to EBRD, the project is co-financed by the Moroccan bank BMCE and Argan Infrastructure Fund, an Africa-focused infrastructure fund managed by Infra Invest. The contract comprises the supply of the turbines as well as a 20-year service agreement.

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CLP India Plans $1Billion Investment In Solar. Global Investors Flock To India

Asia Pacific, Deals & Finance, Solar

One of India’s largest foreign investors in its power sector, CLP India Pvt. Ltd intends to enter the solar energy sector in order to grow the number of shares it holds in renewables. The Hong Kong-listed CLP Holdings Ltd unit is planning a $1 billion investment in return for 1GW of solar power capacity during the next 3-5 years. In order for India to meet its 2022 target of 100GW of solar power and 60,000MW of wind power, the country will need as much as US $200 billion. As a result, global investors, international renewable energy companies, and pension funds are flocking to India.

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$345 Million Raised By SolarCity In June And July For New Solar Projects

Americas, Deals & Finance, Head Lines, Solar

In addition to the $345 million raised in June and July, SolarCity’s capital markets team has raised more than $1.5 billion in project financing to date in 2016. Investment in rooftop and other small-scale solar is expected to attract $3.4 trillion over the next 25 years, according to Bloomberg New Energy Finance. The company is also evaluating how the installation of the smart inverters and battery storage systems for residential rooftop solar customers can enhance grid stability and power quality.

$345 Million Raised By SolarCity In June And July For New Solar Projects Read More »

EON Advances Grid Stability With 10MW TEP Energy Storage Agreement

Americas, Deals & Finance, Energy, Region, Solar

E.ON Climate & Renewables North America today announced it signed an agreement with Tucson Electric Power (TEP) to provide frequency response and voltage control from a grid-scale, 10(MW) battery energy storage facility with a 2 MW solar array. The Iron Horse Battery Energy Storage Project will be located adjacent to theUniversity of Arizona Science and Technology Park southeast of Tucson. The project is expected to be completed in the first half of 2017.

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SoftBank Investment In India Could Exceed $10 billion. Emphasis On Clean Energy

Asia Pacific, Biomass, Deals & Finance, Head Lines, Solar

With a series of investments in India already, SoftBank claims its investments in the country will exceed $10 billion during the next 5 to 10 years. Masayoshi Son, Chairman, and CEO of SoftBank stated that the Japanese telecom and internet giant will make its first $350 million investment in a solar project in India. “We have already invested US $2 billion and we are interested in investing more,” he said. “India has a great future. We are interested in investing in Internet companies and also in solar energy. We would make strong commitments.”

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Siemens And Pattern Combine For Major Wind Power Plant In New Mexico And Texas

Americas, Deals & Finance, Energy, Head Lines, Wind

Siemens (Wind Power and Renewables Division) has agreed with Pattern Energy Group LP to deliver, install and service a total of 141 wind turbines for the Broadview Wind project. The project combines two adjacent projects in New Mexico and Texas with a total installed capacity of 324 megawatts (MW). Siemens Financial Services Division will provide loans for the project totalling nearly $100m. The project is expected to supply about 180,000 average U.S. homes and Siemens is expected to commence installation this month.

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Sunnova Energy Secures $175m From Goldman Sachs In The Growing US Solar Economy

Americas, Deals & Finance, Head Lines, Region

The capital secured with Goldman Sachs ensures Sunnova’s continued growth in the US residential solar market and the company will use the funds for its expansion plans. It has a strategy of partnering with local installers to invest in assets, in order to provide affordable solar power, while creating job opportunities across the US. CEO John Berger stated, “our focus on profitable, scalable growth and a well-capitalised company has established Sunnova as a clear leader in the rapidly growing solar economy and Goldman Sachs’ financing will allow us to continue… bringing consumers a cost-effective, clean choice for their electricity.”

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