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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.

Macquarie’s European Infrastructure Fund launches note offering

Macquarie European Infrastructure Fund (MEIF) Renewable Energy UK has launched a £190 million ($287 million) offering of five-year senior secured notes through Deutsche Bank and Credit Suisse. The notes are expected to be priced before the end of the week, a source told IJGlobal

Itaú raises $400m for renewable energy projects

Brazilian bank Itaú Unibanco announced today it has raised $400 million (R1.05b) in a dual-tranche financing to develop renewable energy projects in Brazil

Kahramaa to award first solar projects

State utility Qatar General Electricity and Water Corporation (Kahramaa) is expected to pick winners for the tender of its first solar power project shortly

ADB and CTF to support Thai wind farm

The ADB has signed a THB1.8 billion loan agreement with Chaiyaphum Wind Farm Company for an 81MW wind plant in Thailand

BMR Energy closes on Jamaica Wind

Blue Mountain Renewables (BMR) Energy has closed financing for its 36MW BMR Jamaica Wind project in St. Elizabeth, Jamaica

First State Investments reaches final close on EDIF fund

First State Investments has reached close on its €2 billion ($2.25 billion) European Diversified Infrastructure Fund (EDIF) after a fifth and final round of fundraising for the six-year-old fund

UK's Green Investment Bank makes boardroom hires

The UK Green Investment Bank (GIB) has promoted Peter Knott to chief financial officer and hired Eoxis’ Laurence Mulliez as a new non-executive director

Consultation on Swansea Bay Lagoon state subsidy begins

The UK government has launched a consultation into the design of a potential bespoke Contract for Difference (CfD) award for the £1 billion ($1.6 billion), 320MW Swansea Bay tidal lagoon project in South Wales

Welspun signs Indian solar MoU

Welspun Renewables has signed a memorandum of understanding (MoU) for setting up a 100.1MW solar project in Andhra Pradesh, India

EU approves CfD state aid for Teesside biomass

The 299MW Teeside combined heat and power biomass plant in the UK, under development by MGT Power, has had its contracts for difference state aid approved by the EU today

LAP nears signing on San Juan wind

Santiago-based Infrastructure fund Latin American Power (LAP) is in the final stage of negotiations with a group of local and international lenders for a roughly $300 million debt-financing for the 184.8MW San Juan wind farm in Chile, IJGlobal has learnt

Algonquin seeks banks for Odell financing

Canada-based utility Algonquin has begun speaking to banks about financing the 200MW Odell wind project in Minnesota, IJGlobal has learnt