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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.

Solar funds sign UK acquisitions

Two Guernsey-based solar funds have signed agreements to acquire a total of three solar plants in the UK

EBRD to fund Tajik hydro modernisation

The European Bank for Reconstruction and Development (EBRD) will lend $50 million for the first phase of the modernisation of the Qairokkum hydropower plant in Tajikistan

Gullen Range acquisition and refinancing closed

Xinjiang Goldwind Science & Technology has completed the sale of a 75% stake in the Gullen Range Wind Farm project to Beijing Jingneng Clean Energy, and has simultaneously closed a partial refinancing of the existing project debt

DECC unveils Contracts for Difference draft budget

The UK’s Department of Energy and Climate Change has announced an annual draft budget of £205 million ($348 million) for renewable energy projects under the new Contracts for Difference (CfD) scheme

BNDES and KfW ink $355m Brazil wind agreement

The Brazilian Development Bank (BNDES) and Germany’s KfW bank have signed a $355 million loan agreement to fund Brazilian wind projects

BRICS unveil New Development Bank (NDB)

The BRICS nations – Brazil, Russia, India, China and South Africa – have unveiled the New Development Bank (NDB) which will mobilise resources for infrastructure and sustainable development projects

EU gives state aid approval for UK renewable CfDs

The European Commission has ruled that the UK’s Contracts for Difference (CfD) scheme is in line with EU state aid rules, and has also approved initial CfDs for five UK offshore wind farms

Eiser to open South Africa office

Eiser Infrastructure Partners is soon to open a South Africa office in connection with the UK-government backed Green Africa Power renewables fund it was recently appointed to co-manage

South Africa delays close date for third round renewables

The South African Department of Energy has confirmed that the 17 projects involved in the third round of its renewables programme will not reach financial close on 30 July 2014, as planned

EDF buys stake in Pilot Hill

EDF Renewable Energy bought a 96% stake in the Illinois-based Pilot Hill wind project from Orion Energy Group and Vision Energy

EnBW to offload stakes in German wind assets

EnBW is preparing to sell part of the equity stakes it holds in a major offshore wind project and an onshore wind portfolio, both located in Germany

Cemig acquires 50% stake in Renova wind complex

Brazilian power company Cemig has signed agreements with Renova Energia to acquire a 50% interest in a project to build 25 wind farms, with a total capacity of 676.2MW in the municipality of Jacobina, in Brazil’s Bahia state

Eiser to advise UK-backed Africa clean energy fund

Eiser Infrastructure Partners has been appointed investment advisor of UK-government backed renewable energy infrastructure fund Green Africa Power.

Windiga due to close on Zina solar in November

Canada-based independent developer Windiga Energy is expecting to reach financial close on the 20MW Zina solar photovoltaic (PV) project in Burkina Faso by November 2014