26/04/2019
News
Ilaria Valtimora
EDPR exits 997MW portfolio with €800m sale EDP Renewables is selling majority interests in wind farms in Europe totalling 997MW to investors advised by JP Morgan for €800m.
The deal covers 51% stakes in most of the wind farms involved, which represents capacity of 491MW. The wind farms are located in France (388MW), Spain (348MW), Portugal (191MW) and Belgium (71MW). The schemes have been opera ...
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26/04/2019
News
Richard Heap
What were you doing on Valentine’s Day in 2018? For Balki Iyer, co-founder and chief growth officer at New York-based digital firm Utopus Insights, the answer is being acquired by Vestas – and it was, he told us, a whirlwind romance.
Utopus Insights started life in IBM’s Smarter Energy Research Institute, where its focus was on developing software systems to improve the efficiency of renewable ...
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24/04/2019
News
Ilaria Valtimora
E.On enters Japanese offshore wind market German utility E.On has entered the Japanese offshore wind market by signing a cooperation agreement with local firm Kyuden Mirai Energy.
E.On and Kyuden have agreed to jointly build offshore wind projects off the island of Kyushu, including the 220MW Hibikinada project, which has been developed by a consortium led by Kyuden. Construction on Hibikinada ...
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22/04/2019
News
Richard Heap
Trump administration seeks to unlock wind funds The US government wants to unlock funds for projects including wind farms in its 'opportunity zones' programme, a top advisor has said.
The US Treasury Department last Wednesday released details on the updated rules for 'opportunity zones', which it hopes will unlock billions of dollars of investment in projects in deprived areas. Industry advisor ...
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22/04/2019
Wind Watch
Richard Heap
Hello Denver! Yes, this week we are finally due to kick off our Financing Wind North America conference, in association with our headline sponsor FTI Consulting, and it is fair to say that we’re just a little bit excited. Go Nuggets!
This conference will give us a great opportunity to discuss all of the biggest issues in the US wind industry, and we have featured contributions from some of our ...
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19/04/2019
News
Richard Heap
Europe needs €98bn project finance by 2021 Wind developers in Europe will need almost €100bn to take onshore and offshore projects to financial close by 2021, research has said.
WindEurope published its annual 'Financing & Investment Trends'report yesterday, in which it said that developers in Europe needed investment of €98bn to take 53GW of onshore and offshore wind projects to financial ...
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19/04/2019
Wind Watch
Ilaria Valtimora
The first three months of 2019 have been dense with interesting corporate M&A deals.
Some juicy examples include Shell’s investment-led growth strategy in the renewable energy sector; Enel’s acquisition of Tradewind, including the sale of its solar and storage unit Savion to Macquarie’s Green Investment Group; and reports that Vestas eyeing a bid for a majority stake at troubled Suzlon. F ...
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17/04/2019
News
Richard Heap
Siemens Gamesa edges out GE on 1GW duo... EDF and Enbridge have chosen Siemens Gamesa to replace General Electric on offshore schemes totalling 1GW in French waters.
The partners' joint venture Eolienne Maritime France has signed an agreement to use Siemens Gamesa as turbine supplier on two of the three projects it is developing in French waters. EMF is working on the
498MW Fécamp, the 480MW ...
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15/04/2019
News
Richard Heap
Apple, Facebook and Google feel Danish heat Tech giants Apple, Facebook and Google are under pressure to help pay for wind farms to power planned data centres in Denmark.
The companies have committed to build five data centres in the Nordic nation and power them using energy from renewables, including wind farms. However, a report from the Danish Council on Climate Change has warned that the e ...
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15/04/2019
Wind Watch
Ilaria Valtimora
Wind WatchIs China opening up to European utilities?
By Ilaria Valtimora
Winter has given way to spring, which means that it’s time to look back at important project M&A deals in wind from the first quarter with our Q1 deals tracker.
We have seen continued activity in the Swedish market and completion of a sizeable deal by Ventient Energy to grow in Europe outside the UK. However, we w ...
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