Author: Arnes Biogradlija

CIT Group’s Power and Energy unit has served as sole lead arranger on a $162 million financing for the East Blackland solar project in Travis County, Texas. The financing was negotiated on behalf of Recurrent Energy, a wholly owned subsidiary of Canadian Solar that serves as the U.S. project development arm of Canadian Solar. Recurrent, an influential participant in the production of renewable energy, has already built more than 2,4 gigawatts of solar projects, and is planning a further 5 gigawatts. East Blackland is a 144-megawatt (MW) alternating current solar plant, also known as the Pflugerville solar farm. Austin Power,…

Duke Energy Renewables has closed of $109.4 million in a preferred tax equity funding from Goldman Sachs’ Alternative Energy Investing Group. The investment will be used over 18 months to finance a diverse portfolio of approximately 75 megawatts of solar and solar plus storage projects, to be developed and installed by REC Solar subsidiary of Duke Energy Renewables. Projects will include commercial and industrial ground-mount and rooftop projects, as well as community solar projects in several states like Arizona, California , Colorado, Hawaii, Massachusetts and Texas. The investment structure of Goldman Sachs, which monetizes both the cash and tax attributes created…

Watson Farley & Williams (wfw) has advised Sonnedix on the €154.4 million non-recourse financing of a portfolio of 62 Spanish photovoltaic plants with a gross installed capacity of 154 MW. The financial institutions involved as mandated lead arrangers (MLAs) include ING Bank, Nomura International and Banco Santander. Cajamar joined the MLAs, creating a syndicate of four lenders. ING Bank and Banco Santander also worked as hedging providers and Banco Santander served as facility agents. The WFW Madrid Finance team advising Sonnedix was led by partner Rodrigo Berasategui, working closely with senior associate Antonio Cáneva. “We are proud to advise Sonnedix…

Siemens Energy and Beijing Green Hydrogen Technology, a subsidiary of China Power International Development (China Power), have signed an agreement for a hydrogen fueling station to have hydrogen production infrastructure. Located in Yanqing City, Beijing, one of the three key strategic areas for a major sporting event in 2022, Siemens Energy’s green hydrogen production system will help ensure hydrogen supply during and after the event for public transport. The megawatt green hydrogen production solution is the first such solution to be installed in China by Siemens Energy. The completion of the project is expected in May 2021. In September 2019,…

DEME Offshore has been awarded a significant EPCI contract for inter-array cables at wind farms Dogger Bank A and Dogger Bank B in the UK, the first two phases of the 3.6 GW Dogger Bank wind farm, which is the world’s largest under construction offshore wind farm. The wide-ranging reach covers engineering, procurement, construction and installation of subsea cables for the combined 2.4 GW wind farm. DEME Offshore will supply, install and protect 650 kilometers of 66 kV inter-fixed cables and all associated accessories. Dogger Bank Wind Farm is situated more than 130 km off England’s North East coast and is…

SSE Renewables has placed an order with Vestas of 443 MW on the Shetland Islands in the North Atlantic for the Viking wind project. Vestas is expanding its position in the UK onshore wind sector with this contract, where more than 2,000 wind turbines were installed with a total capacity of more more than 4 GW. The Viking wind project will be Vestas’ largest stand-alone wind park order in Europe to date. The project marks a big step forward for onshore wind in the United Kingdom at a time when renewable energy is setting new records to provide nearly 40 percent of…

The European Marine Energy Center (EMEC) has been designated with Renewable Energy Testing Laboratory (RETL) status, the highest international designation for marine energy test laboratories. EMEC is the first RETL for ocean energy in the world. RETL is awarded by the International Electrotechnical Commission-Renewable Energy System (IECRE), which operates a global certification program covering three renewable energy sectors: solar photovoltaic (PV), wind and marine. A requirement for certification as a RETL in the marine energy sector is currently to be accredited as a test laboratory; EMEC has been certified to ISO / IEC 17025 by the United Kingdom Accreditation Service (UKAS)…

MHI Vestas Offshore Wind has signed a purchase agreement to source towers from CS Wind/Chin Fong partnership, delivering on the OEM’s local ambitions. This purchasing agreement includes complete tower supply for Taiwanese MHI Vestas projects: Changfang Phases 1 and 2, Xidao, and Zhong Neng. Currently, the Changfang Phases 1 and 2, Xidao and Zhong Neng are the only four Taiwanese projects that have passed the localization review of projects allocated in Round 2, as MHI Vestas continues to deliver the most ambitious localization plan in Taiwan. “Towers being sourced in Taiwan is another positive development for the local supply chain.…

European Power has told Danish energy authorities of its intentions to begin the next phase regarding two nearshore wind power projects in Denmark known as Omø Syd og Jammerland Bugt. The news comes almost three months after the Danish Energy Agency greenlit the preliminary impact assessments of both projects. European Energy is now moving into the development phase and initiating technical seabed inspections at the project sites. “I am very pleased that after eight years, we can finally make the step from the applications phase and into the development phase with our two nearshore wind power parks Omø Syd and Jammerland Bugt. At…

Canadian Solar’s wholly-owned subsidiary, Recurrent Energy, has started construction on the 144 MWac Pflugerville solar project located in Travis County, Texas. In 2018 Recurrent Energy signed a Power Purchase Agreement (PPA) with Austin Energy for the Pflugerville solar project to provide customers of the utility with low-cost solar power for 15 years after the start of service. This PPA supports the clean energy targets of Austin Energy that commit the utility to cost-effectively reduce pollution, and includes plans to exit their coal-fired power generation by the end of 2022. Austin Energy serves over 500,000 clients in the City of Austin, as well…