Deals & Finance

Engie Wins 832 MW Hydropower Plant Orders In Brazil, Strengthens Market Lead

During the auction held recently by the Brazilian Federal Government, ENGIE won concession contracts for two hydropower plants (HPP) for a total amount of around €950m (BRL3.531bn). The Jaguara HPP, located in Rio Grande (between the states of Minas Gerais and São Paulo), with a 424 MW installed capacity and the Miranda HPP, located in Rio Aragui, in Indianápolis (Minas Gerais State), with a 408 MW installed capacity. The concession contracts are signed for a 30-year period. They raise the installed capacity of ENGIE from 10,290 MW to 11,122 MW and reinforce ENGIE’s position as the largest private energy producer in Brazil.

Engie Wins 832 MW Hydropower Plant Orders In Brazil, Strengthens Market Lead Read More »

Enel Starts Construction Of Australia’s Largest Solar PV Project

Asia Pacific, Deals & Finance, Head Lines, Solar

The Bungala Solar One facility is part of the Bungala Solar PV Project and will have an installed capacity of 137.7 MW out of a total of more than 275 MW for the whole project, that will be able to produce 570 GWh per year. The facility will cover an area of approximately 300 hectares and will consist of about 420,000 polycrystalline PV modules mounted on single-axis tracker structures which will follow the Sun’s path from east to west; increasing the amount of energy produced by the plant, compared to PV modules with fixed structures. The overall Bungala Solar PV project is expected to become fully operational in early 2019.

Enel Starts Construction Of Australia’s Largest Solar PV Project Read More »

Amarenco Consolidates In France; Acquires Clean Energy Developer Groupe Carré

Deals & Finance, Europe/Middle East/Africa

Amarenco, an independent power producer based in Ireland, has announced its acquisition of Groupe Carré, one of the leading renewable energy project developers active in France. The acquisition of Groupe Carré, a company with a long track-record of project development, construction and O&M in France, strengthens Amarenco’s position in France’s promising wind and solar energy markets. It also supports the strategic objectives of the company in France, where over the last few years, it has invested over 300 million euros to build its renewable energy asset portfolio in the country.

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DEWA Awards World’s Largest CSP Project To ACWA, Shanghai Elec. Led Consortium

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

Dubai Electricity and Water Authority (DEWA) has awarded the 700MW AED14.2 billion-fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park to a consortium comprising Saudi Arabia’s ACWA Power and China’s Shanghai Electric. This is the largest single-site Concentrated Solar Power (CSP) project in the world and will have the world’s tallest solar tower, measuring 260 metres. The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world and will generate 1,000MW by 2020 and 5,000MW by 2030.

DEWA Awards World’s Largest CSP Project To ACWA, Shanghai Elec. Led Consortium Read More »

GE Announces 600MW Projects; Surges Past 5GW Milestone Of Wind Energy In Brazil

Americas, Deals & Finance, Wind

GE has announced, from the Brazil Windpower conference, that it has reached 5,000 MW of installed wind capacity in the country, making it the first company to reach that milestone and confirming the company’s role in the expansion of wind energy in Brazil. By year-end, it will have installed more than 2,700 turbines and the company’s installed capacity represents more than 33% of all wind energy in the country. As part of that 5,000 MW, GE’s Onshore Wind business, a unit of GE Renewable Energy, will commission another 600 MW by the end of September.

GE Announces 600MW Projects; Surges Past 5GW Milestone Of Wind Energy In Brazil Read More »

Nordex To Surpass 2GW Threshold On Wind Turbines Installations In UK And Ireland

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

After installing and commissioning a total of 862 turbines in the UK and Ireland, the Nordex Group has now reached the 2 GW milestone of installed capacity in these two countries. At typical capacity factors, this represents enough power for 1.3 million homes, resulting in a market share of installed turbines of around 20% in the Republic of Ireland and around 10% in the UK. The Group has installed more than 21 GW of wind energy capacity in over 25 markets and in 2016 generated revenues of EUR 3.4 billion.

Nordex To Surpass 2GW Threshold On Wind Turbines Installations In UK And Ireland Read More »

French Giant ENGIE Develops 55 MW Wind Farm; First Mongolian Renewable Project

Asia Pacific, Deals & Finance, Head Lines, Wind

ENGIE has announced that it will build and operate the Sainshand wind farm in Mongolia, its first renewable project in the country, located in the Gobi desert. This project, which is the third privately financed wind farm in Mongolia, will support the government’s objective to evolve towards a greener economy and a better environment. A US$120m project financing package has recently been signed by a group of international investors and financial institutions to develop the project. The wind farm will have a total installed capacity of 55 MW and will provide the equivalent of the electricity consumption of 130,000 people in Mongolia.

French Giant ENGIE Develops 55 MW Wind Farm; First Mongolian Renewable Project Read More »

Vestas Wins 424 MW Project; Largest Mexican Wind Park, And Strengthens Position

Americas, Deals & Finance, Head Lines, Wind

Vestas has received an order for the largest wind park in Mexico. The order consists of 123 V136-3.45 MW turbines for a 424 MW project in Mexico. With this contract, Vestas’ order intake from Mexico’s energy auctions reaches almost 500 MW. Zuma Energía placed the order for the Parque Eólico Reynosa project in the northeastern state of Tamaulipas, which will be one of the largest wind power projects in Latin America. The order consists of 123 V136-3.45 MW turbines for a 424 MW project in Mexico. With this contract, Vestas’ order intake from Mexico’s energy auctions reaches almost 500 MW.

Vestas Wins 424 MW Project; Largest Mexican Wind Park, And Strengthens Position Read More »

Siemens Gamesa Installs Asia’s Tallest Turbines, Whilst Stepping Up Integration

Deals & Finance, Efficiency, Head Lines, Wind

Siemens Gamesa has set a new record in Asia by installing this year the tallest wind turbines on the continent. The turbines are equipped with 153-metre tall towers, and with the 56-metre blades, they reach a total height of 210 metres. Presently, a major focus for the company is the integration of the entities of Siemens and Gamesa. This has the objective of realising the new company’s substantial potential, thanks to its bigger scale and global reach: a presence in more than 90 countries, an installed base of 75 GW, and an order book of €21bn.

Siemens Gamesa Installs Asia’s Tallest Turbines, Whilst Stepping Up Integration Read More »

Offshore Wind Drives 6.1 GW Of European Wind Installations In First Half Of 2017

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

6.1 GW of extra wind energy capacity was installed in Europe in the first half of 2017, according to figures released by WindEurope. The figure puts Europe on course for a bumper year for installations, although hides some worrying trends. WindEurope Chief Policy Officer, Pierre Tardieu, said: “We are on track for a good year in wind capacity installations but growth is driven by a handful of markets. At least ten EU countries have yet to install a single MW so far this year. Although this won’t translate into lower installations for another few years, the industry needs clarity on volumes for the post-2020 period to maintain the current cost reduction trend”.

Offshore Wind Drives 6.1 GW Of European Wind Installations In First Half Of 2017 Read More »

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