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.

IFC approves ThomasLloyd loan

The board of the IFC has approved financing for a portfolio of renewable energy projects being in the Philippines being developed by ThomasLloyd Cleantech Infrastructure Fund and BronzeOak Philippines

Cape Wind debt details emerge

Energy Management Inc. (EMI) has launched part of the $1.95 billion debt package backing the first phase of Cape Wind, the long-awaited wind project off the coast of Massachusetts

TerraForm hires ex-Goldman Sachs banker

TerraForm Power has hired Alejandro Hernandez – former managing director at Goldman Sachs – as the CFO and executive vice president

Lender exits Mira Power’s Pakistani hydro financing

Financing on Mira Power’s 100MW Gulpur Hydropower Project in Gulpur, Pakistan has been delayed and one bank has dropped out, IJGlobal can exclusively reveal

Financial close for first phase of Scottish MeyGen project

Sponsor Atlantis hit financial close on a £51.3 million ($83.6m) financing for the first phase of the £1.6 billion, 398MW MeyGen tidal stream energy project off the Scottish coast

Partners Group focuses on Turkish energy

Swiss-based asset manager Partners Group is to focus on the emerging Turkish energy sector as other investors hunt for highly regulated, long-established energy assets elsewhere in Europe

Mainstream takes up equity in Ghana’s Ayitepa wind farm

Mainstream Renewables has signed an agreement with Swiss company NEK Umwelttechnik to acquire all of the equity in the greenfield 225MW Ayitepa wind farm in Ghana

ADB supports Rajasthan transmission project

The Asian Development Bank (ADB) and the Government of India have signed two loans totalling $150 million to help build transmission lines that will support renewable energy development in the state of Rajasthan

Fiera Axium buys wind stakes from EDP and EDF

Fiera Axium has signed an agreement to buy a minority cash equity interest in a 1.1GW US wind portfolio from EDP Renovaveis, a subsidiary of EDP. Once the transaction closes, Fiera Axium would own about 36% – or 394.5MW – of the portfolio

Xcel subsidiary launches Texas solar RFP

Xcel Energy’s Southwestern Public Service Company has launched a request for proposals (RFP) for up to 200MW of solar photovoltaic energy generation in Texas

IFC to lend to Indian wind project

The International Finance Corporation (IFC) is set to lend $50 million to two wholly-owned subsidiaries of Continuum Wind Energy India (CWEI) to build a 170MW wind farm in Madhya Pradesh, India

Bluesphere to develop Israel biogas plant

US-based Bluesphere has entered into an agreement with Israeli state-owned company ESC to develop a 5MW biogas project.

NextEnergy to pay extra for 1.6ROC ruling

NextEnergy Solar Fund (NESF) is to pay an extra £1.4 million to the seller of the 14.9MW Ellough solar power plant in Suffolk after the plant was awarded a 1.6 ROC accreditation, the company said on 12 September.

Bids in for ACT wind auction

The Australian Capital Territory government has received 18 proposals for its reverse auction for wind energy projects

Nigeria considers new renewables targets

The government of Nigeria is proposing to build 2,483MW of renewable power plants by 2015, after agreeing funding from the European Commission, World Bank and German government