Head Lines

First−Ever Highrise Fuel Cell Installation at Morgan Stanley HQ

Bloom Energy installs notable project at Morgan Stanley HQ. The project will provide clean and uninterruptible power for the 750,000 Sq. Ft. office building. The new solid oxide fuel cell system (SOFC) technology converts fuel into electricity through a highly efficient electrochemical process, resulting in on-site, clean and reliable power. Combined with the solar field, these new installations are expected to produce approximately 3 million kilowatt hours (kWh) of energy a year.

First−Ever Highrise Fuel Cell Installation at Morgan Stanley HQ Read More »

Al-Afandi Builds Biggest Solar Panel Factory in Middle East

Europe/Middle East/Africa, Head Lines, Solar

With annual energy yields reaching 1 GW, the “Al-Afandi Group” contributes to the “National Transformation” Program by building the biggest solar panel factory in the Middle East. Its impact looks set to create a significant shift in solar energy usage to cover the biggest portion of electric energy production locally and regionally.

Al-Afandi Builds Biggest Solar Panel Factory in Middle East Read More »

Canadian Solar advances Astoria 2 PV Project with GE Energy

Americas, Deals & Finance, Head Lines, Solar

Canadian Solar, one of the world’s largest solar power companies, consolidates expansion. It’s wholly owned subsidiary, Recurrent Energy, one of North America’s largest solar project developers, has closed on financing for the 75 MW Astoria 2 PV project with GE Energy Financial Services. The project is expected to generate enough clean solar energy to power approximately 25,000 California homes. Santander Bank is the coordinating lead arranger of a five member bank club for the project.

Canadian Solar advances Astoria 2 PV Project with GE Energy Read More »

Atlantis Resources to Acquire Scottish Power’s Tidal Projects

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

Atlantis Resources has agreed to acquire two projects from ScottishPower Renewables for its Scottish tidal development company, Tidal Power Scotland.
The value of the deal is £6.6 million (US$9.8 million), to be paid by 3,9 million shares in Tidal Power Scotland, which equates to 6% of the issued share capital. Atlantis owns the remaining 94% of TPSL. The deal is expected to close in early 2016.

Atlantis Resources to Acquire Scottish Power’s Tidal Projects Read More »

SunEdison to Sell 333MW of Wind Projects to Terra Nova

Americas, Deals & Finance, Head Lines, Wind

SunEdison Inc. has agreed to sell 333 megawatts of wind-power assets to Terra Nova Renewable Partners for US$209 million.
Terra Nova Renewable Partners is the strategic equity partnership formed between SunEdison and institutional investors advised by J.P. Morgan Asset Management – Global Real Assets.

SunEdison to Sell 333MW of Wind Projects to Terra Nova Read More »

BlueWave Gets US$100 Million Backing From Morgan Stanley for Solar Projects

Americas, Deals & Finance, Head Lines, Solar

Morgan Stanley is backing solar developer BlueWave Capital with US$100 million to build more than 25 megawatts of community solar in Massachusetts by the end of 2016.
The backing from Morgan Stanley is the first major financing for BlueWave’s community solar projects in Massachusetts. If successful, the mission-driven solar developer expects to expand the portfolio to other states next year.

BlueWave Gets US$100 Million Backing From Morgan Stanley for Solar Projects Read More »

Vestas Acquires US Wind Power Solutions Company for US$60 Million

Americas, Deals & Finance, Head Lines, Wind

Wind turbine maker Vestas has acquired US-based wind service provider UpWind Solution Inc. and its subsidiaries for US$60 million.
The US$60 million price tag is on a debt and cash free basis. The amount has been paid in cash from readily available sources. The acquisition has already closed.

Vestas Acquires US Wind Power Solutions Company for US$60 Million Read More »

SunEdison Terminates Agreement to Acquire Stake in Renova

Americas, Deals & Finance, Head Lines, Hydro, Solar, Wind

SunEdison has terminated the securities purchase agreement with Light S.A. to acquire an approximate 16% stake in Renova for US$250 million.
Also terminated is an agreement among SunEdison and TerraForm Global and Brazil’s Renova Energia S.A. which provided for the acquisition of certain development-stage projects that were intended for a subsequent sale by SunEdison to TerraForm Global as call rights projects under the sponsor support agreement.

SunEdison Terminates Agreement to Acquire Stake in Renova Read More »

EBRD Commits US$500 Million Support for Egypt’s Solar Target

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

The European Bank for Reconstruction and Development has earmarked up to US$500 million for 2016 to support Egypt’s new solar energy programme, which aims to construct up to 2,000 megawatts of utility-scale solar generating capacity as part of an ambitious target to secure 20% of electricity from renewable sources.
The 2,000MW capacity is expected to be delivered through around 40 projects of approximately 50MW each as part of a strategy to increase renewable power generation in Egypt by mobilising private sector investors. Many of these projects will be located on a planned 1.8-gigawatt site near Benban in Upper Egypt, which on completion will be the largest solar park in the world.

EBRD Commits US$500 Million Support for Egypt’s Solar Target Read More »

EIB, Rabobank to Offer Suitability Loans to Dutch SMEs

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

The European Investment Bank and Rabobank are collaborating to introduce an impact loan to encourage small and medium-sized Dutch business owners to make sustainable investments.
The first tranche will make an additional €50 million (US$53 million) available for loans with a positive social impact. Business owners who demonstrably display corporate social responsibility and wish to make new sustainable investments can apply for an impact loan.

EIB, Rabobank to Offer Suitability Loans to Dutch SMEs Read More »

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