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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.

First Wind seeks buyers for Utah solar portfolio

Boston-based renewables company First Wind is understood to be looking for at least one buyer for part of, or its entire 320MW solar portfolio in Utah

GE buys E.ON stake in Texas wind project

GE Energy Financial Services has bought a 50% stake from E.ON in a 211MW Texas wind project. Under the agreement, GE and E.ON would jointly own and operate the project. It is understood that tax equity will be invested once the facility begins operating

Financial close for InfraRed's UK wind farm

InfraRed Capital Partners has reached financial close on the £75 million ($128 million) 37.4MW Crook Hill Wind Farm in the UK

IKAV Global Energy acquires Italian solar portfolio

An investment arm of Luxembourg-based Investment Fund IKAV has acquired an Italian portfolio of seven rooftop photovoltaic plants from REC Systems Italy Srl

Capstone Infrastructure seeks debt for Ontario wind

Capstone Infrastructure is seeking up to C$75 million ($70.37 million) in debt for the 25MW Goulais wind project in Ontario. Canadian life insurance companies are the likely lenders on the debt

Financial close delayed on Helius' Avonmouth biomass

British biomass developer Helius Energy has warned a delay in reaching financial close on its £300 million ($514 million) Avonmouth project means it needs to raise further corporate funding in order to meet working capital requirements

REG sells Goonhilly Downs solar farm in UK

Renewable Energy Generation Limited (REG) has sold a 4.5MW ground-mounted solar project at Goonhilly Downs in Cornwall to a fund managed by BlackRock for an upfront consideration of £5 million ($8.5 million) and a contingent deferred consideration of up to £0.7 million

Pattern yieldco closes Panhandle 1 acquisition

Pattern Energy has bought a stake in the Texas-based Panhandle 1 wind farm from its development arm for $124.4 million. Pattern Energy – Pattern’s yieldco – bought 172MW of the 218MW Panhandle 1 farm in Carson county. Pattern Development sold the balance of the project to three undisclosed tax equity investors

Blue Mountain seeks debt from IFC and Opic

Blue Mountain Ridge (BMR) has begun talks with the International Finance Corporation (IFC) and Overseas Private Investment Corporation (OPIC) about financing its 34MW wind project in Jamaica

US DoE approves $150m conditional loan for Cape Wind

The US Department of Energy (DoE) has approved a conditional $150 million loan guarantee for the $2.5 billion first phase of the Cape Wind project off the coast of Massachusetts

NextEra Energy prices yieldco IPO

NextEra yieldco NextEra Energy Partners (NEP) has priced its initial public offering (IPO) at $25 per share for 16,250,000 units. NEP shares started trading on 27 June 2014 on the New York Stock Exchange. The shares rose to $33.55 at closing Monday (30 June)

Sierra Leone signs sovereign loan for Freetown PV

The government of Sierra Leone has signed a $9 million sovereign loan with the Abu Dhabi Fund for Development for a new 6MW solar photovoltaic project

InterEnergy Holdings approaches IFC for Penonome II take-out

InterEnergy Holdings (IEH) and Unión Eólica Panameña (UEP) have approached the International Finance Corporation (IFC) for debt and equity contributions for the 215MW second phase of the Penonome wind project in Panama

Boralex closes debt for two Québec wind projects

Boralex has closed C$206.8 million ($193.7 million) across two debt financings that support the multi-phase Témiscouata wind project in Québec. KfW was the sole lender and adviser on the deal

BrightSource and Alstom close on Megalim solar thermal

The BrightSource-led Megalim Solar Power consortium has closed the NIS2.35 billion ($684 million) debt financing for 121MW Ashelim solar thermal power plant

OPIC and IFC back First Solar Chile PV project

The Overseas Private Investment Corporation (OPIC) and International Finance Corporation (IFC) have approved loans totalling $290 million to First Solar for the 141MW Luz del Norte solar photovoltaic (PV) project in Chile