Deals & Finance

Xcel Files 1,230 MW Wind Proposal Claiming $2.8Bn Customer Savings Over 30 Years

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

Xcel Energy has filed a proposal, seeking approval to construct the 522MW Sagamore wind facility in New Mexico and the 478MW Hale wind facility in Texas, as well as a long-term PPA in Texas for 230MW supplied by the Bonita wind facility. The utility company forecasts that this will save customers located in both states approximately $2.8 billion over a 30-year period, borne from integrating the lower-cost wind energy resources into the company’s energy portfolio. The additional 1,230 MW of wind energy is enough electricity to power more than 440,000 typical homes, according to Xcel.

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Edify Energy, Wirsol Complete Landmark Solar Farm Project Financing

Asia Pacific, Deals & Finance, Europe/Middle East/Africa, Head Lines

Australian developer Edify Energy and German investor Wirsol have successfully completed Australia’s largest single solar project financing to build and operate 3 new large-scale solar farms: the Whitsunday and Hamilton Solar Farms in Queensland, and the Gannawarra Solar Farm in Victoria. When complete in Q1 2018, the Queensland and Victorian markets will benefit from an additional 198 MWp of renewable capacity, including the first large-scale farm in Victoria. Both companies are confident that investment in large-scale renewable energy will become more common place.

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Canadian Solar Secures PPAs With SECI For 80 MWac Solar Power Projects In India

Asia Pacific, Deals & Finance, Head Lines

The company has finalised power purchase agreements (PPAs) with the Solar Energy Corporation of India (SECI) for 80 MW of solar PV capacity awarded to the company under the recent 450 MW Maharashtra tender. Maharashtra is India’s second-most-populous state and a growing solar power. This underscores the trend of significant organisations in the solar sector securing their positioning in India. The country is set to surpass Japan as the world’s third-highest growth solar market in 2017, with most analysts expecting the country to add at least 8 GW of new solar capacity this year.

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Vestas Wins 50 MW Project in Norway; Strengthening Its Position In Nordic Region

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

Fortum has placed an order for 14 V126-3.45 MW turbines with Power Optimised Modes to 3.6 MW, demonstrating the competitiveness of Vestas V126-3.45 MW in the Nordic region. With combined orders of close to 1,500 MW in Norway, Sweden and Finland, the V126-3.45 MW and the previous 3.0 MW and 3.3 MW rating variants are proving how the right technology can provide a strong business case in the Nordic region.

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Vestas Reclaims Top Spot In Ranking Of Wind Turbine Makers – Big Four Emerging

Deals & Finance, Energy, Head Lines, Wind

Vestas reclaimed top spot in the annual ranking of wind turbine manufacturers, according to figures compiled by Bloomberg New Energy Finance. Some 8.7GW of Vestas turbines were installed in 2016, 16% of all onshore wind installations last year. Vestas returns to the top spot thanks to a strong push in the US. The Danish manufacturer continues to pursue a global strategy with projects in 35 countries, more than any other turbine maker. GE placed second with 6.5GW, some 0.6GW more than in 2015. Xinjiang Goldwind Science & Technology fell from first to third place with 6.4GW in 2016.

Vestas Reclaims Top Spot In Ranking Of Wind Turbine Makers – Big Four Emerging Read More »

Nordex Group Wins Project For 95 Wind Turbines In US With Capacity Of 285 MW

Americas, Deals & Finance

The Nordex Group has received an order to install 95 turbines in the 3 MW class in the United States. The project is the first follow-up order from a Safe Harbor transaction agreed upon with a major international power supplier at the end of last year. It added that choosing the Safe Harbor solution, the customer, name not disclosed, will obtain a higher tax benefit which was valid in 2016. The manufacturer will be supplying 95 turbines with a nominal capacity of 3 MW each and a rotor diameter of 125 metres. This type of turbine is designed for the site conditions prevailing and for medium wind speeds. Nordex will install the turbines on 87.5-metre tubular steel towers.

Nordex Group Wins Project For 95 Wind Turbines In US With Capacity Of 285 MW Read More »

Gamesa Consolidates Indian Industrial Presence With New Manufacturing Facility

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

Gamesa has inaugurated its new factory in the Nellore region, in the state of Andhra Pradesh, one of the country’s fastest-growing wind power producing regions. Construction of this manufacturing facility, one of the company’s largest in India, is framed by Gamesa’s growth plans, which contemplate capex of more than €100 million through 2017 to reinforce its manufacturing presence in this market.

Gamesa Consolidates Indian Industrial Presence With New Manufacturing Facility Read More »

Gamesa Targets Indonesia’s High-Potential Wind Market With Its First Wind Farm

Asia Pacific, Deals & Finance, Wind

Gamesa, has entered into an agreement with PT UPC Sidrap Bayu Energi – a joint venture owned by UPC Renewables, PT Binatek and AC Energy Holdings- for the supply of 75 MW for the first wind farm ever to be commissioned in Indonesia, a high-potential wind market. This order also constitutes a sales and product milestone for Gamesa as it marks the first time its G114-2.5 MW model will be installed in Asia-Pacific, excluding China. These turbines will reach up to 2.625 MW under certain technical conditions.

Gamesa Targets Indonesia’s High-Potential Wind Market With Its First Wind Farm Read More »

Japan’s Jera Accelerates Growth Of India’s ReNew Power With $200m Investment

Asia Pacific, Deals & Finance, Head Lines, Solar

JERA Co., a joint venture between two of Japan’s largest utility companies, Tokyo Electric Power Co., Inc. and Chubu Electric Power Co has invested $200m in ReNew Power, one of India’s largest clean energy companies, as its first investment in the Indian energy sector, where significant economic growth has brought increased demand for electricity. In addition, the Indian government has set a target of introducing 100 GW of solar and 60 GW of wind power generation by 2022. The acquisition of a 10 percent stake values ReNew Power at $2 bn.

Japan’s Jera Accelerates Growth Of India’s ReNew Power With $200m Investment Read More »

EDF RE Commences Operations at 225 MW Great Western Wind Project For Google

Americas, Deals & Finance, Head Lines, Wind

EDF Renewable Energy (EDF RE) has announced that the 225 MW Great Western Wind Project has begun commercial operation. The project’s output is provided to Google under a long-term Power Purchase Agreement (PPA). Tristan Grimbert, President & Chief Executive Officer, EDF-RE commented that, “the success of the wind industry in 2016 can be attributed in part to corporate purchasers, like Google, who demonstrate their commitment to affordable renewable energy. Their participation to directly procure wind power, along with the Production Tax Credit, benefits Americans through manufacturing job creation, energy independence and support to American farmers.”

EDF RE Commences Operations at 225 MW Great Western Wind Project For Google Read More »

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