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Northland closes on Gemini offshore wind

A Northland Power-led consortium has reached financial close on the €2.8 billion ($3.7 billion) 600MW Project Gemini offshore wind farm in the Netherlands.

BlackRock closes third EDF RE wind stake

BlackRock has closed the acquisition of a 50% stake in EDF Renewable Energy’s Spinning Spur 3 wind project in Texas by a fund managed by BlackRock Infrastructure, EDF RE announced on 20 November

China General Nuclear Power targets French renewables

China General Nuclear Power Group (CGN) is set to enter the French solar market and is in talks regarding a potential move into European offshore wind, IJGlobal understands

BIG closes all-equity financing for Hull biomass

Bioenergy Infrastructure Group (BIG) has reached financial close on its £200 million, 25MW Energy Works Hull energy from waste (EfW) project in Hull, East Yorkshire

TerraForm Power chiefs fired in SunEdison reshuffle

The chief executive and chief financial officer of TerraForm Power have been dismissed as the yieldco’s sponsor, SunEdison, mounted a reshuffle of board-level positions at both firms, billed as seeking to restore profitability

Southern Power issues green bonds

Southern Power, the wholesale generating subsidiary of Southern Company, has issued $1 billion of green bonds, becoming the first investment grade US utility to do so, the company announced on 18 November

EXCLUSIVE Acwa’s Khalladi wind to close in Morocco with EBRD

Acwa Power’s Khalladi wind project in Morocco is expected to close by the end of the month with support from the European Bank for Reconstruction and Development (EBRD) and a local lender

Canadian Solar closes Astoria PV project

Canadian Solar subsidiary Recurrent Energy has reached financial close on the Astoria solar project in Kern County, southern California, and closed a tax equity deal for the project, the developer announced on 19 November

EXCLUSIVE Banks mandated this week for Beatrice offshore wind

A sponsor group led by SSE is to sign mandates this week with lenders for a £3 billion ($4.7 billion) financing of the 664MW Beatrice offshore wind project in Scotland

Duke Energy prices bonds on target

Duke Energy has met its size and pricing targets for the $1 billion in bonds it is due to close this week, according to a 17 November filing with the Securities and Exchange Commission

SunPower signs low PPA for California solar

SunPower has agreed a power purchase agreement with Turlock Irrigation District for its proposed Rosamond Solar project in Kern County, southern California, both parties announced last week

EXCLUSIVE UK’s Galloper offshore wind enters syndication

The financiers of German utility RWE’s £1.54 billion ($2.35 billion), 336MW Galloper offshore wind project in the UK have started syndicating the project debt this week, IJGlobal understands

Sutherland hires NY energy partner

Madeleine Tan has joined Sutherland, Asbill & Brennan in New York as a partner in the law firm’s energy, environmental and commodities practice group, the firm announced on 17 November

Dominion to sell solar power for Amazon data centres

Dominion Resources has closed the acquisition of the 80MW Amazon Solar Farm US East PV project in Accomack County, Virginia, the US energy holding company announced on 16 November

Hawaiian Electric biofuels plant nears approval

Hawaiian Electric is close to obtaining environmental approval for its planned 50MW Schofield Generating Station biofuels plant on Oahu, Hawaii

CEFC’s solar lending programme oversubscribed

Australia’s Clean Energy Finance Corporation has said that it has received applications from more than 40 developers for its A$250 million solar lending programme

EXCLUSIVE Swansea Bay tidal lagoon awaits subsidy decision

Developers of the delayed £1 billion ($1.52 billion), 320MW Swansea Bay tidal lagoon are in “very active discussions” with the UK government over the project's subsidy contract with an agreement expected by the end of the year

Warehouse in doubt as S&P downgrades TerraForm Power

Standard & Poor’s has downgraded TerraForm Power over its imminent acquisition of the Vivint solar portfolio and a portfolio of wind farms from Invenergy, while expressing doubts about its ability to close a planned warehouse financing

Dubai solar phase three RfQ’s due

The Dubai Electricity and Water Authority (DEWA) has set a deadline to receive request for qualification (RfQ) submissions for the 800MW third stage of the Rashid Al Maktoum solar photovoltaic independent power producer (IPP)

INPP capital raise oversubscribed

London-listed fund International Public Partnerships (INPP) has raised £180 million ($193 million) of capital, exceeding a £150 million target

BRICS bank eyes renewables investment

The Indian Prime Minister Narendra Modi has confirmed that the New Development Bank administered by the BRICS nations will soon start work on the financing of a renewable energy project