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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.

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

Aviva Investors plans euro-denominated REaLM fund

Aviva Investors is engaged in discussions with the market for a new REaLM Infrastructure fund that would be euro-denominated, and they hope to get it off the ground during 2015, IJGlobal can exclusively reveal

E.ON names Germany chief executive

Robert Hienz is to join E.ON's management board as chief executive of the utility giant's German activites

Morgan Stanley-backed solar holdco to launch $100m debt

MySolar, a residential solar holding company, is to launch syndication for $100 million debt backing a portfolio of residential solar photovoltaic (PV) assets, IJGlobal has learnt

Statkraft to decide on 1GW of Norwegian wind

Statkraft is expecting to reach a final investment decision on approximately 1GW of Norwegian onshore wind capacity in the second quarter of 2015

Nebras and Mitsubishi sign on Shams Ma’an

A consortium led by Nebras and Mitsubishi subsidiary Diamond Generating Europe has signed on the financing for the 52.5MW Shams Ma’an solar photovoltaic project in Jordan

IRENA and ADFD award second cycle of renewables funding

The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have allocated a further $57 million in concessional loans to renewable energy projects in emerging markets

EBRD and KfW IPEX consider Montenegro wind farm investment

The European Bank for Reconstruction and Development (EBRD) is considering a €47.5 million ($54.8 million) loan for Akuo Energy’s €139 million Krnovo wind farm in Montenegro. KfW IPEX is also in discussions with the developer to provide a portion of the debt