Latest Renewables News

Top Story

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.

GIB and Foresight's RAW fund makes first investment

The UK Green Investment Bank (GIB) and Foresight Group have announced the first investment by the £100 million ($148 million) Recycling and Waste (RAW) fund into an anaerobic digestion plant in Durham. The deal closed last Friday (27 March, 2015), a source said

GIP to buy majority stake in CPV

Global Infrastructure Partners II (GIP II) has agreed to buy Warburg Pincus’ stake in Competitive Power Ventures (CPV)

BSIF acquires Norfolk solar plant

London-listed renewables investment vehicle Bluefield Solar Income Fund (BSIF) has acquired a 49.9MW solar plant in Norfolk for £56.5 million ($84 million)

Ecotricity refinances UK wind and solar portfolio

Gloucestershire-based green energy firm Ecotricity has refinanced its portfolio of 60MW of operational wind and solar plants across 19 sites in the UK. The deal closed Friday 20 March, 2015

October for next UK Contracts for Difference round

The next round of the UK’s Contracts for Difference (CfD) is slated to begin in October this year, eight months after the first batch of state support deals were handed out

Foresight acquires Kencot solar project after equity fundraise

UK-listed Foresight Solar Fund has completed its acquisition of the 37MW Kencot solar plant in Oxfordshire following the completion of its £36.1 million ($54 million) equity issue earlier this month

Close on St. Andrews University biomass

St. Andrews University has reached financial close on its Guardbridge biomass plant with an £11 million loan from The Scottish Partnership for Regeneration in Urban Centres (SPRUCE) fund, managed by Amber Infrastructure

Sempra Energy preps MLP

Sempra Energy is planning to launch a master limited partnership (MLP) that features a yieldco-like corporate subsidiary, company executives said

Energias de Portugal closes Volta III securitisation

StormHarbour has acted as sole arranger and joint lead manager for Energias de Portugal (EDP) on its €500 million ($544.1 million) tariff deficit securitisation, Volta III

AfDB supports development of Chad's Starsol PV

The African Development Bank (AfDB), through its Sustainable Energy Fund for Africa, has approved a preparation grant for the development of the 40MW Starsol solar photovoltaic project in Chad

Dutch pension fund APG may invest in Borssele offshore wind

Dutch pension fund APG said it may invest “several hundred million Euros” in North Sea wind farm investments and is looking at the Dutch €2 billion ($2.1 billion) Borssele wind development

Standard Bank signs credit line with JBIC

The Japan Bank for International Cooperation (JBIC) is providing a $250 million credit line to South African-based Standard Bank to fund lending to renewable energy projects

TRIG bulks share issue for solar and wind acquisitions

The Renewables Infrastructure Group (TRIG) has boosted the amount of new ordinary shares available under its placement by 32.5 million, raising £102.5 million ($153 million) today (27 March, 2015) to pay down its acquisition facility

SSE begins wind divestment with sale to GE

UK utility SSE, in efforts to raise £500 million ($742 million) from divesting its onshore wind assets, has sold the 16MW Langhope Rig wind farm to General Electric Financial Services. The deal closed on 25 March, 2015

Ormat signs PPA for second phase of Don A Campbell

Ormat Technologies signed a 20-year power purchase agreement with Southern California Public Power Authority (SCPPA) for the second phase of the Don A. Campbell geothermal plant in Nevada

DEWA, ACWA and TSK sign PPA for Al Maktoum PV phase 2

The Dubai Electricity and Water Authority (DEWA) and developers ACWA Power and TSK have signed the power purchase agreement for the 200MW phase two of the Mohammed bin Rashid Al Maktoum solar photovoltaic power project

UK Green Investment Bank to invest internationally

The UK’s Green Investment Bank (GIB) has agreed terms with the Department for Energy and Climate Change (DECC) on a £200 million ($298.2 million) international green investment pilot

Masen launches fourth stage of Noor CSP

The Moroccan Agency for Solar Energy (Masen) has invited developers to submit proposals for Noor IV, the latest phase of its concentrating solar power (CSP) development in Ouarzazate

UPDATE: GIB and ESB close on Tilbury biomass plant

The UK Green Investment Bank (GIB) and the Electricity Supply Board (ESB) reached financial close alongside debt providers Rabobank, Investec, and EKF on the £190 million ($283 million) Tilbury Green Power project in Essex on Monday 23 March, 2015