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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.

Alterra arranges construction debt for Jimmie Creek Hydro

Alterra and Fiera Axium are arranging construction debt with four lenders, at least one of which is a Canadian life insurance company (lifeco), to finance the 62MW Jimmie Creek Hydro project. Sponsors are targeting financial close in the next two months.

Greencoat and Swiss Life acquire four UK wind farms

Greencoat UK Wind (UKW) and Swiss Life Asset Managers have entered into an agreement to acquire four UK onshore wind farms from AES for a total consideration of £175.5 million ($292 million).

Nepal’s Kabeli hydro nears close

The consortium developing the Kabeli A Hydroelectric Project in Nepal is understood to be preparing to drawdown on an IFC loan

Elemental Energy closes Box Canyon Hydro financing

Elemental Energy’s affiliate Box Canyon Hydro Corporation has closed C$61 million ($55.96 million) non-recourse debt for a 16MW run-of-river hydro project in British Columbia

Macquarie seeks debt for Baltic 2 equity acquisition

Macquarie is talking with banks about a debt financing to fund its upcoming 49% equity acquisition in EnBW’s €1.4 billion ($1.87 billion) Baltic 2 offshore wind project

Silex cuts Aussie solar project over RET uncertainty

Doubts over the future of Australia’s Renewable Energy Target has led Silex Systems to cancel its proposed 100MW Mildura solar project, in Carwarp, near Mildura in Victoria

GIB and John Laing plan bond issue for Speyside Biomass CHP

A new £74 million ($123.7 million) combined heat and power (CHP) project in Scotland is to be financed with investments from the UK’s Green Investment Bank and John Laing, together with debt raised on the bond market

Enel bids big for South Africa’s fourth renewables round

Enel Green Power is set to make more bids than any other developer in the fourth round of South Africa’s renewable energy independent power producer procurement (REIPPP) programme, with the deadline for submission set for today (18 August 2014)

Wyoming grants approval for 3,000MW wind farm

The State of Wyoming’s Industrial Siting Council approved the Power Company of Wyoming, affiliate of Anschutz Corporation, to build and operate a 3,000MW wind farm

EDF pulls out of 12MW Hollow Panson UK wind farm

EDF Energy Renewables has withdrawn its planning application for a 12MW onshore wind farm in the UK following a review of its development proposals

NRG Yield closes Alta Wind acquisition

NRG Yield has closed the acquisition of the California-based Alta Wind from Terra-Gen Power for $870 million

EDF Canada signs MoU with First Nation band

EDF EN Canada and McLeod Lake Indian Band have signed a memorandum of understanding (MoU) concerning three wind projects in British Columbia

EBRD considers three Jordan solar PVs

The European Bank of Reconstruction and Development is reviewing loans to three solar photovoltaic projects being developed by Scatec Solar as part of the renewable energy procurement programme in Jordan

Armstrong to invest in Philippine’s solar projects

Armstrong Asset Management (AAM) will provide $29 million to fund bilateral solar power projects in the Philippines being developed by the development company, nv vogt Singapore

Strong response for DEWA’s Al Maktoum 2 solar

Dubai Electricity and Water Authority (DEWA) has 24 of the 49 bidders for the second stage of the 100MW Sheik Mohammed bin Rashid Al Maktoum Solar Park in Dubai

Eskom agrees loan with EIB for Upington CSP

The European Investment Bank has agreed €75 million in long-term debt to South African state utility Eskom for the construction of its 100MW concentrated solar power (CSP plant in Upington, in the Northern Cape