11/01/2019
News
Ilaria Valtimora
Brookfield and Macquarie mull $1.2bn India bids Brookfield and Macquarie Infrastructure & Real Assets are reportedlymulling bids for Indian firm IL&FS's $1.2bn wind and solar arm.
Indian infrastructure lending giant Infrastructure Leasing & Financial Services put up for sale its renewable energy arm in November in an attempt to revive the group, after defaults on payment obligation ...
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11/01/2019
Wind Watch
Ilaria Valtimora
Wind WatchProject M&A in Q4: Japanese ramp up offshore activity
By Ilaria Valtimora
In the first weeks of the new year it can feel like you're still coming to terms with how much you ate over Christmas. But there's another thing we've been digesting: juicy Q4 deals.
We looked at corporate M&A activity in Monday's Wind Watch analysis piece. This time, we are going to look at the key ...
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09/01/2019
News
Ilaria Valtimora
China's SPIC plans 6GW giant in Mongolia China’s State Power Investment Corporation has secured approval to build the world's largest wind farm in Inner Mongolia.
Local authorities approved construction of the 6GW Ulanqab scheme on 29th December. Ulanqab is set to be located in south-central Inner Mongolia and require investment of around 42.5bn yuan ($6.2bn). On completion, it is due to be the ...
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07/01/2019
News
Ilaria Valtimora
European giants line up for 1.9GW US auctions A host of European utilities are lining up bids for the tenders for 1.9GW of US offshore wind capacity in waters off New York and New Jersey.
Three major European players have submitted bids in New Jersey. The New Jersey Board of Public Utilities confirmed it has received bids from Equinor, Ørsted and the joint venture Atlantic Shores (EDF Renewabl ...
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07/01/2019
Wind Watch
Ilaria Valtimora
The consolidation activity that kept companies in the wind sector busy in the first three quarters of 2018 continued in the last three months, with deals finalised by firms including Ørsted, Statkraft, and Canada’s AIMCo. Here are the key ones:
Corporate M&A Deals in Wind in Q4 2018
* Transactions converted to € for ease of comparison
The reasons for this activity are well-known ...
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04/01/2019
News
Ilaria Valtimora
Ørsted puts 900MW Taiwan projects on hold Ørsted has halted work on its 900MW Changhua 1 and 2 projects in Taiwan after missing a deadline to sign power deals at 2018 rates.
The Taiwanese government cut rates in November for offshore wind power purchase agreements signed in 2019. This means Ørsted has missed a deadline of 2nd January for signing a PPA with Taiwanese utility Taipower at the high ...
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04/01/2019
Wind Watch
Richard Heap
It’s our first edition back - hooray! - and that means it’s time for us to make ten predictions about the trends and stories we expect to shape wind in the next 12 months. We’ll re-visit these in our final edition of 2019 to see how many we got right.
1) The cyberwar escalates: Renewable energy has always been a fertile area for Russian trolls, and most recently talking up US wind and solar in ...
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24/12/2018
News
Richard Heap
Vortex Energy sells 49% stake in 1GW portfolio EFG Hermes platform Vortex Energy has agreed to sell a 49% stake in a portfolio of just under 1GW to institutions advised by JP Morgan.
The transaction involves a portfolio co-owned by EDP Renovaveis that is made up of 56 operational wind farms with capacity of 998MW across Belgium, France, Portugal and Spain. Vortex was set up in 2014. It has sold ...
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21/12/2018
News
Ilaria Valtimora
Equinor buys half of 1.6GW Polish scheme Equinor has agreed to buy a 50% stake in the 1.6GW Bałtyk 1 offshore wind project off the coast of Poland from Polenergia.
The transaction follows an agreement signed by the two companies in February when Equinor bought 50% stakes in the 1.2GW Bałtyk 2 and 3 offshore developments. Equinor and Polenergia have now formed a 50:50 joint venture to co-develo ...
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21/12/2018
Wind Watch
Richard Heap
In our first Wind Watch analysis piece of 2018, we shared ten predictions about what we expected to happen in the wind industry over the last year – and we promised we would check back. So did it look like we had Crystal Balls or were we talking balls?
Let’s look back and then give ourselves a score out of ten.
1) Europe seeks to regain initiative: Europe has slipped behind North America an ...
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