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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.

China Everbright to build Sichuan biomass project

China Everbright has signed an agreement with the People’s Government of Mianzhu City, Sichuan Province, to construct and finance a biomass power generation project in Mianzhu City

Westermost Rough OFTO bids due next week

Bids are due in next week for UK offshore wind farm Westermost Rough’s offshore transmission link, IJGlobal understands

CfD budget boost day before early auction kick off

The UK government has made an extra £25 million ($38 million) of state cash available under its first £325 million Contracts for Difference (CfD) subsidy auction

Hermes GPE infra fund due for April final close

The Hermes GPE infrastructure fund is planning to raise roughly £75 million ($114 million) at its final close in April which would bring the fund to about £900 million, after the latest close took place on 31 December 2014

SSE begins onshore wind divestment

SSE has begun the process of divesting its onshore wind assets in an effort to streamline and simplify its business

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