Author: Anela Dokso

Innergex Renewable Energy has closed a construction financing and tax equity commitment for its Griffin Trail project, a 225 MW wind facility located in Knox and Baylor Counties, in north-west Texas. The $276.2 million financing has been arranged with Sumitomo Mitsui Banking Corporation acting as coordinating lead arranger, and CIBC acting as joint lead arranger, backed by a $171.4 million tax equity commitment from Wells Fargo to be provided upon the commercial operation date. “It was only a few months ago, when the U.S. Production Tax Credits deadlines were extended, that we knew we were in a strong position to…

Vestas has secured a 90 MW order from new customer Ålandsbanken for the Murtomaki wind project. The project comprises 15 V162-6.0 MW turbines maximizing the yield under the permitted tip height and a 30-year Active Output Management 5000 (AOM 5000) service agreement. Winning the second deal with the upgraded V162-6.0 MW wind turbines, Vestas reinforces its presence in Finland’s wind market and surpasses 600 MW in orders of EnVentus turbines in the country. “Murtomäki wind farm with Vestas turbines is the first investment of the newly established Wind Power Fund of Ålandsbanken. We would like to thank the Vestas team…

Anna-Karin Stenberg has been appointed as new senior vice president and head of Business Area Markets and member of Vattenfall’s Executive Group Management (EGM) as of 1 January 2021. She has already filled this position in an acting role since end of March this year, in addition to her role as head of Controlling for Business Area Markets. “Anna-Karin has been acting Head of Markets during this challenging year for Vattenfall with a difficult market situation, remote working, and the need to take care of our people while keeping operations running. Together with the management team, she has shown a…

US Solar Fund has executed binding agreements to acquire up to a 50% interest in a 200MWDC operating solar plant located in the Imperial Valley of Southern California, Mount Signal 2, for a total price of between $44 million and $46 million. The transaction is structured in two tranches. Tranche One comprises an immediate acquisition of an initial 25% interest for a fixed price of $23 million and is expected to be completed during the first quarter of 2021, subject to customary third-party consents. Tranche Two consists of an option for USF to acquire a further 25% interest for $22…

Gruppo FERA, through its subsidiary Aleramo, has placed a 20 MW order with Vestas for the Cairo Montenotte wind project, located in Cascinassa, Liguria, in northern Italy. Vestas will supply, transport, install and commission five V136-4.2 MW wind turbines delivered in 4.0 operating mode, as well as an 18-years Active Output Management 5000 (AOM 5000) service agreement. “We are very excited about our partnership with Gruppo FERA. This project will showcase how Vestas’ new generation of wind turbines can reach mountainous areas. It breaks new grounds for the development of wind energy in Italy and it can represent a significant…

7C Solarparken has invested in three solar assets across Germany for a total volume of 17 MWp. Firstly a combined installation of trackers and fixed tilt with 0.7 MWp capacity on a former military site in Morbach, enjoying an average feed-in tariff of €342/MWh. The second and third project have just been commissioned by IBC Solar in the municipalities of Dennheritz (10 MWp) and Burgwindheim (6 MWp) with a respective tariff of €72/MWh and €57/MWh. Modules were sourced from Jinko Solar and URE Solar (formerly Neo Solar Power). All deals were financed for 100% through equity totalling an amount of…

Vestas has received an order for the 52 MW Bella wind park, to be located in Bella, in the Basilicata region, Italy. The contract, signed with Ares, includes the supply and installation of one V136-3.45 MW wind turbine and fourteen V136-4.2 MW wind turbines delivered in different power modes, as well as a 20-year Active Output Management 5000 (AOM 5000) service agreement. “The long-standing reliable partnership with Vestas has made us again lean towards the services of the Danish manufacturer, to whom we have also decided to entrust the competent maintenance for 20 years. The cutting-edge technologies ensured by Vestas…

Energiekontor has sold the Höttingen solar park with a total output of around 8.3 MW to 7C Solarparken. The solar park is located in the municipality of the same name in the Weissenburg-Gunzenhausen district of Central Franconia, around 40 km south of Nuremberg, and was commissioned on 18 December 2020. The Höttingen solar park had successfully participated in the EEG tender and secured the relatively attractive remuneration of the tender date at that time. This amount of electricity is mathematically sufficient to cover the needs of approximately 3,000 German households. A novelty is the length of the financing term of…

Enel Green Power España (EGPE) has completed the construction of the Las Corchas and Los Naranjos photovoltaic plants, located between the towns of Carmona and La Rinconada in Seville. With an investment of €70 million and built in record time, the two photovoltaic plants will add a combined capacity of 100 MW and will generate 202 GWh a year, equivalent to the annual energy consumption of a town like Carmona. “The efforts of all the workers and the coordination with the local authorities in Carmona and La Rinconada, who also made it possible for the province of Seville to produce…

Global Infrastructure Partners (GIP) has acquired MAP® RE/ES, the renewable energy business of MAP® Energy (MAP®). GIP’s fourth flagship fund, GIP IV, will acquire 100% of the MAP® RE/ES investment platform, team, and renewable energy assets under management from MAP®, a private fund manager and energy investor. The assets include a portfolio of producing royalty interests across more than 16,000 MW of operating wind and solar projects in the United States, as well as a nationwide development pipeline managed through joint ventures with leading national and regional development partners. The MAP® RE/ES business will continue to be led by its…