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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.

EBRD considers Turkish geothermal financing

The European Bank for Research and Development (EBRD) is considering a $125 million financing to support early stage geothermal development in Turkey

Green Earth Power signs Myanmar solar MoA

Private Thai developer Green Earth Power has signed a memorandum of agreement with Myanmar’s Ministry of Electric Power (MOEP) for the development of a 220MW solar project in Minbu, Myanmar

Hochtief exits offshore wind business

Germany’s Hochtief has quit the offshore sector, selling its marine assets to Belgian contractor GeoSea

Nicaragua shakes up geothermal concessions

Nicaragua has approved amendments to the law on geothermal energy exploration and production which mandate public sector stakes in exploration and production concessions, and extend their length

Pakistan extends bid deadline for hydro projects

Pakistan’s Private Power and Infrastructure Board (PPIB) has extended the deadline for sponsors to respond to a tender to develop two greenfield hydropower projects

MVV Energie to buy Juwi majority stake

German energy company MVV Energie is planning to buy a majority stake in ailing renewables developer Juwi by the end of the year

SolarCity launches $200m publicly offered bonds

SolarCity has launched $200 million in publicly offered bonds to finance solar installations, potential acquisitions and general corporate uses

Desert solar power initiative fails

An ambitious solar power startup company that sought to supply Europe with solar power from projects in the Middle East and North Africa has abandoned its plans after most of its investors walked out

Hemas sells out of Sri Lankan power portfolio

Hemas Holdings is selling a 75% stake in Sri Lankan power producer Hemas Power to three domestic investors for Rs1.68 billion ($12 million)

Statoil boss to leave for BG Group

Statoil chief executive Helge Lund is to leave the Norwegian energy business to take up the same role at British oil multinational BG Group

SoCalEd launches RFO for distributed generation solar

Southern California Edison (SoCalEd) has launched a request for offers (RFO) for up to 63MW of capacity from distributed generation solar photovoltaic (PV) facilities