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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.

Orgaworld, Shanks win Surrey biofuels PPP project

The City of Surrey in British Columbia, Canada has selected Iris Solutions consortium preferred bidder for the Surrey biofuels processing facility project

Norway approves $1.4 billion Statkraft investment

Norway’s Parliament last week approved an NKr10 billion ($1.39 billion) equity contribution into wholly-state owned utility Statkraft for investment into renewable energy technologies throughout Europe. The company should receive the funding before the end of the week

Thermal and solar triumph in Chile power tender

Thermal and solar power projects were among the most successful bidders in a recent auction held by Chile's National Energy Commission (CNE) last week

Breeze III terminates MBIA bond wrap

The bondholders for the securitisation of the Breeze III wind portfolio in Germany and France have voted to terminate a wrap of their bonds by MBIA

EDC receives preliminary FiT allocation for Burgos

Energy Development Corporation (EDC) has received a preliminary feed-in tariff allocation for its 150MW Burgos wind project in the Philippines

Rockland launches syndication for power assets

Rockland Capital has launched syndication on a $177.5 million recapitalisation debt for a portfolio of three US power assets, IJGlobal has learnt

ContourGlobal prices Energía Eólica green bonds

Energía Eólica, a subsidiary of ContourGlobal, yesterday (15 December 2014) priced a $204 million senior secured green bond issuance to finance two operational wind farms in Peru

Juwi signs loans for MVV takeover

German renewables developer Juwi has secured around €300 million ($375.8 million) in loans, meeting a precondition for its takeover by utility MVV Energie

Enel ends La Geo dispute, exits El Salvador

Enel Green Power (EGP) has signed an agreement for the sale of its 36.2% stake in joint venture geothermal company, La Geo, to state-owned Inversiones Energéticas (INE/CEL) for $280 million

UK launches first power capacity auction

The UK's first power capacity auctions begin today (16 December 2014), with the government looking to procure an additional 48.6GW to be connected to the grid by the final quarter of 2018/first quarter of 2019

SunEdison closes on Honduran PV

SunEdison has reached financial close on the $146 million debt financing for an 81.7MW solar photovoltaic complex in Honduras

Debt signed on Penonome II

InterEnergy Holdings has signed a $300 million debt-financing for the 215MW Penonome II project in Panama's Coclé province, IJGlobal can exclusively reveal

Allianz closes on French solar acquisition

Allianz Global Investors, on behalf of the Allianz Renewable Energy Fund (AREF), has closed the acquisition of a 58MW portfolio of French solar plants from BayWa r.e Renewable Energy. The fund is now fully invested

Macquarie closes wind farm loan with Capital Dynamics

Macquarie Infrastructure Debt Investment Solutions (MIDIS) has recentlyclosed a £60 million ($93.96 million) loan to Capital Dynamics Clean Energy and Infrastructure Fund to recycle capital in a portfolio of seven onshore wind farms in the UK

GDF and ACWA win South African concentrating solar

South Africa’s Department of Energy has selected consortia led by ACWA Power and GDF Suez for round 3.5 of its renewable energy procurement programme – a round for concentrated solar power (CSP) projects only

Enel gets $100m Itaú loan for Brazil wind

Enel Green Power has landed a R260 million ($98m) loan with local bank Itaú Unibanco for the development of wind farms in three Brazilian states

EDL-Gen issues offshore bond for hydropower acquisition

Laos’ EDL-Gen today raised Bt6.5 billion through an offshore bond issuance to finance the acquisition of nine hydropower projects from its parent company Electricite du Laos

GE closes Mimasaka PV financing

GE Energy Financial Services and Pacifico Energy have closed a Y13 billion financing for the Mimasaka Musashi PV project in Japan

Kosep eyes March close on Pakistan’s Gulpur hydro

A Kosep-led consortium is set to sign on the financing for a new hydropower project in Gulpur, Pakistan in January 2015, with financial close being targeted for 31 March

BTMU senior VP joining ADB

Sonali Tang, previously senior vice-president in Bank of Tokyo-Mitsubishi-UFJ’s project finance team, is understood to be joining the Asian Development Bank

UK launches advanced biofuels demonstration competition

The UK has launched a £25 million ($39.22 million) advanced biofuels demonstration competition that will enable construction of three demonstration biofuel plants. Expressions of interest are being sought until 13 February 2015