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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.

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

Armstrong makes fourth renewable investment

Armstrong Asset Management has agreed to provide up to $22.5 million in investment partially fund a 50MW portfolio of mini-hydro plants in Indonesia

Soltage-Greenwood raises equity for solar PV

Soltage-Greenwood has raised $70 million equity to finance the construction and operation of seven photovoltaic (PV) projects in Massachusetts and North Carolina

SunEdison prices TerraForm yieldco IPO

Solar energy company SunEdison's yieldco TerraForm Power has priced its initial public offering (IPO) at $25 per share for 20,065,000 units.

Delay to Arise's Stjärnarp wind sale

An appeal from a private individual has delayed Swedish wind developer Arise's sale of its 5.4MW Stjärnarp wind farm to two municipalities

Danish pension funds buy into DONG's Gode Wind 2

DONG Energy is to sell a 50% stake of the 252MW German offshore wind farm project Gode Wind 2 to a consortium of Danish pension funds for €600 million

Jordan scraps third round, delays second round of renewables

The Jordanian Ministry of Energy and Mineral Resources (MEMR) has cancelled the third round of the country’s renewable programme, and has postponed the bid deadline for round two

West of Duddon Sands OFTO could use EIB project bond

Blue Transmission's £296 million ($506 million) acquisition of the 389MW West of Duddon Sands wind farm offshore transmission assets could reach financial close by the end of the calendar year

Fengate closes on Merritt biomass

Fengate has closed a C$196 million (182.3 million) debt financing for the 40MW Merritt biomass project in British Columbia, IJGlobal has learnt