Wednesday 17th December 2014

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Richard Heap
December 17, 2014
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This content is from our archive. Some formatting or links may be broken.
Wednesday 17th December 2014

Boralex bids €280m for Enel subsidiary

Boralex is seeking to become France’s third largest wind energy operator with a €280m bid for Enel Green Power’s French arm.

The Canadian wind and hydro developer has submitted an offer to buy Enel Green Power France. The deal would add 12 wind farms totalling 186MW to Boralex’s portfolio, and grow its total installed capacity by 25%. Enel’s board is yet to evaluate the deal.

Boralex said around €75m of the proposed deal would be funded by a public offering. It said that the acquisition would make it the largest independent wind power producer in France; and the third largest onshore wind player in France behind EDF and GDF Suez.

Terra Firma eyes Infinis stake sale

Private equity group Terra Firma is considering a sale of its 68.6% stake in UK renewable energy company Infinis.

The investment group bought the stake in Infinis for around £51m in 2003, and its stake is now worth around £450m. Infinis is the third largest renewable energy generator in the UK, with a 610MW portfolio that includes 16 onshore wind farms totalling 274MW.

Terra Firma has not given a reason why it is considering the sale, but it follows an attack by Hands on UK energy policy this month. He wrote that the UK government has been “spooked by opposition from a loud minority who don’t like wind turbines”. He added that
government support for shale gas and offshore wind "owes more to prejudice and wishful thinking than a sensible energy policy".

Chinese nuclear giant buys into UK trio

China’s largest nuclear firm has done its first big deal in European renewables by buying 80% stakes in three UK wind farms.

CGN Europe Energy, a division of state-owned China General Nuclear Power Corporation, has bought the stakes in EDF Energy Renewables projects totalling 73MW. The trio of UK projects are the 36MW Green Rigg, 25MW Rusholme and 12MW Glass Moor 2.

CGN has paid an unknown sum for the stakes. EDF plans to used the funds raised to make further investments in UK renewables.

Ofgem approves £1.1bn Moray funding

Ofgem has backed £1.1bn funding for a link across the Moray Firthin Scotland that is set to lead to 1.2GW of offshore projects.

The UK energy regulator this week approved the funding, which is £105m less than the figure requested by developer Scottish Hydro Electricity Transmission. The subsea link between Caithness and Moray in northern Scotland is due to be completed by 2018.

The developer, a subsidiary of SSE, said the project would open up the area to new renewable energy projects including offshore wind farms. SHE Transmission has said it would study the decision to assess whether the level of funding is adequate.

Hitachi and ABB in Japanese grid link-up

Japanese conglomerate Hitachi and Swiss power transmission firm ABB are poised to set up a joint venture to develop HVDC systems.

The companies have signed an agreement to look at the potential to develop new HVDC (high voltage direct current) systems in Japan, in order to help the Japanese grid cope with challenges including the growing amount of onshore and offshore wind power.

The joint venture is set to start operations in early 2015. Hitachi and ABB will hold 51% and 49% stakes respectively. Demand for HVDC systems is expected to increase as offshore wind grows in Japan.

Boralex bids €280m for Enel subsidiary

Boralex is seeking to become France’s third largest wind energy operator with a €280m bid for Enel Green Power’s French arm.

The Canadian wind and hydro developer has submitted an offer to buy Enel Green Power France. The deal would add 12 wind farms totalling 186MW to Boralex’s portfolio, and grow its total installed capacity by 25%. Enel’s board is yet to evaluate the deal.

Boralex said around €75m of the proposed deal would be funded by a public offering. It said that the acquisition would make it the largest independent wind power producer in France; and the third largest onshore wind player in France behind EDF and GDF Suez.

Terra Firma eyes Infinis stake sale

Private equity group Terra Firma is considering a sale of its 68.6% stake in UK renewable energy company Infinis.

The investment group bought the stake in Infinis for around £51m in 2003, and its stake is now worth around £450m. Infinis is the third largest renewable energy generator in the UK, with a 610MW portfolio that includes 16 onshore wind farms totalling 274MW.

Terra Firma has not given a reason why it is considering the sale, but it follows an attack by Hands on UK energy policy this month. He wrote that the UK government has been “spooked by opposition from a loud minority who don’t like wind turbines”. He added that
government support for shale gas and offshore wind "owes more to prejudice and wishful thinking than a sensible energy policy".

Chinese nuclear giant buys into UK trio

China’s largest nuclear firm has done its first big deal in European renewables by buying 80% stakes in three UK wind farms.

CGN Europe Energy, a division of state-owned China General Nuclear Power Corporation, has bought the stakes in EDF Energy Renewables projects totalling 73MW. The trio of UK projects are the 36MW Green Rigg, 25MW Rusholme and 12MW Glass Moor 2.

CGN has paid an unknown sum for the stakes. EDF plans to used the funds raised to make further investments in UK renewables.

Ofgem approves £1.1bn Moray funding

Ofgem has backed £1.1bn funding for a link across the Moray Firthin Scotland that is set to lead to 1.2GW of offshore projects.

The UK energy regulator this week approved the funding, which is £105m less than the figure requested by developer Scottish Hydro Electricity Transmission. The subsea link between Caithness and Moray in northern Scotland is due to be completed by 2018.

The developer, a subsidiary of SSE, said the project would open up the area to new renewable energy projects including offshore wind farms. SHE Transmission has said it would study the decision to assess whether the level of funding is adequate.

Hitachi and ABB in Japanese grid link-up

Japanese conglomerate Hitachi and Swiss power transmission firm ABB are poised to set up a joint venture to develop HVDC systems.

The companies have signed an agreement to look at the potential to develop new HVDC (high voltage direct current) systems in Japan, in order to help the Japanese grid cope with challenges including the growing amount of onshore and offshore wind power.

The joint venture is set to start operations in early 2015. Hitachi and ABB will hold 51% and 49% stakes respectively. Demand for HVDC systems is expected to increase as offshore wind grows in Japan.

Boralex bids €280m for Enel subsidiary

Boralex is seeking to become France’s third largest wind energy operator with a €280m bid for Enel Green Power’s French arm.

The Canadian wind and hydro developer has submitted an offer to buy Enel Green Power France. The deal would add 12 wind farms totalling 186MW to Boralex’s portfolio, and grow its total installed capacity by 25%. Enel’s board is yet to evaluate the deal.

Boralex said around €75m of the proposed deal would be funded by a public offering. It said that the acquisition would make it the largest independent wind power producer in France; and the third largest onshore wind player in France behind EDF and GDF Suez.

Terra Firma eyes Infinis stake sale

Private equity group Terra Firma is considering a sale of its 68.6% stake in UK renewable energy company Infinis.

The investment group bought the stake in Infinis for around £51m in 2003, and its stake is now worth around £450m. Infinis is the third largest renewable energy generator in the UK, with a 610MW portfolio that includes 16 onshore wind farms totalling 274MW.

Terra Firma has not given a reason why it is considering the sale, but it follows an attack by Hands on UK energy policy this month. He wrote that the UK government has been “spooked by opposition from a loud minority who don’t like wind turbines”. He added that
government support for shale gas and offshore wind "owes more to prejudice and wishful thinking than a sensible energy policy".

Chinese nuclear giant buys into UK trio

China’s largest nuclear firm has done its first big deal in European renewables by buying 80% stakes in three UK wind farms.

CGN Europe Energy, a division of state-owned China General Nuclear Power Corporation, has bought the stakes in EDF Energy Renewables projects totalling 73MW. The trio of UK projects are the 36MW Green Rigg, 25MW Rusholme and 12MW Glass Moor 2.

CGN has paid an unknown sum for the stakes. EDF plans to used the funds raised to make further investments in UK renewables.

Ofgem approves £1.1bn Moray funding

Ofgem has backed £1.1bn funding for a link across the Moray Firthin Scotland that is set to lead to 1.2GW of offshore projects.

The UK energy regulator this week approved the funding, which is £105m less than the figure requested by developer Scottish Hydro Electricity Transmission. The subsea link between Caithness and Moray in northern Scotland is due to be completed by 2018.

The developer, a subsidiary of SSE, said the project would open up the area to new renewable energy projects including offshore wind farms. SHE Transmission has said it would study the decision to assess whether the level of funding is adequate.

Hitachi and ABB in Japanese grid link-up

Japanese conglomerate Hitachi and Swiss power transmission firm ABB are poised to set up a joint venture to develop HVDC systems.

The companies have signed an agreement to look at the potential to develop new HVDC (high voltage direct current) systems in Japan, in order to help the Japanese grid cope with challenges including the growing amount of onshore and offshore wind power.

The joint venture is set to start operations in early 2015. Hitachi and ABB will hold 51% and 49% stakes respectively. Demand for HVDC systems is expected to increase as offshore wind grows in Japan.

Boralex bids €280m for Enel subsidiary

Boralex is seeking to become France’s third largest wind energy operator with a €280m bid for Enel Green Power’s French arm.

The Canadian wind and hydro developer has submitted an offer to buy Enel Green Power France. The deal would add 12 wind farms totalling 186MW to Boralex’s portfolio, and grow its total installed capacity by 25%. Enel’s board is yet to evaluate the deal.

Boralex said around €75m of the proposed deal would be funded by a public offering. It said that the acquisition would make it the largest independent wind power producer in France; and the third largest onshore wind player in France behind EDF and GDF Suez.

Terra Firma eyes Infinis stake sale

Private equity group Terra Firma is considering a sale of its 68.6% stake in UK renewable energy company Infinis.

The investment group bought the stake in Infinis for around £51m in 2003, and its stake is now worth around £450m. Infinis is the third largest renewable energy generator in the UK, with a 610MW portfolio that includes 16 onshore wind farms totalling 274MW.

Terra Firma has not given a reason why it is considering the sale, but it follows an attack by Hands on UK energy policy this month. He wrote that the UK government has been “spooked by opposition from a loud minority who don’t like wind turbines”. He added that
government support for shale gas and offshore wind "owes more to prejudice and wishful thinking than a sensible energy policy".

Chinese nuclear giant buys into UK trio

China’s largest nuclear firm has done its first big deal in European renewables by buying 80% stakes in three UK wind farms.

CGN Europe Energy, a division of state-owned China General Nuclear Power Corporation, has bought the stakes in EDF Energy Renewables projects totalling 73MW. The trio of UK projects are the 36MW Green Rigg, 25MW Rusholme and 12MW Glass Moor 2.

CGN has paid an unknown sum for the stakes. EDF plans to used the funds raised to make further investments in UK renewables.

Ofgem approves £1.1bn Moray funding

Ofgem has backed £1.1bn funding for a link across the Moray Firthin Scotland that is set to lead to 1.2GW of offshore projects.

The UK energy regulator this week approved the funding, which is £105m less than the figure requested by developer Scottish Hydro Electricity Transmission. The subsea link between Caithness and Moray in northern Scotland is due to be completed by 2018.

The developer, a subsidiary of SSE, said the project would open up the area to new renewable energy projects including offshore wind farms. SHE Transmission has said it would study the decision to assess whether the level of funding is adequate.

Hitachi and ABB in Japanese grid link-up

Japanese conglomerate Hitachi and Swiss power transmission firm ABB are poised to set up a joint venture to develop HVDC systems.

The companies have signed an agreement to look at the potential to develop new HVDC (high voltage direct current) systems in Japan, in order to help the Japanese grid cope with challenges including the growing amount of onshore and offshore wind power.

The joint venture is set to start operations in early 2015. Hitachi and ABB will hold 51% and 49% stakes respectively. Demand for HVDC systems is expected to increase as offshore wind grows in Japan.

Boralex bids €280m for Enel subsidiary

Boralex is seeking to become France’s third largest wind energy operator with a €280m bid for Enel Green Power’s French arm.

The Canadian wind and hydro developer has submitted an offer to buy Enel Green Power France. The deal would add 12 wind farms totalling 186MW to Boralex’s portfolio, and grow its total installed capacity by 25%. Enel’s board is yet to evaluate the deal.

Boralex said around €75m of the proposed deal would be funded by a public offering. It said that the acquisition would make it the largest independent wind power producer in France; and the third largest onshore wind player in France behind EDF and GDF Suez.

Terra Firma eyes Infinis stake sale

Private equity group Terra Firma is considering a sale of its 68.6% stake in UK renewable energy company Infinis.

The investment group bought the stake in Infinis for around £51m in 2003, and its stake is now worth around £450m. Infinis is the third largest renewable energy generator in the UK, with a 610MW portfolio that includes 16 onshore wind farms totalling 274MW.

Terra Firma has not given a reason why it is considering the sale, but it follows an attack by Hands on UK energy policy this month. He wrote that the UK government has been “spooked by opposition from a loud minority who don’t like wind turbines”. He added that
government support for shale gas and offshore wind "owes more to prejudice and wishful thinking than a sensible energy policy".

Chinese nuclear giant buys into UK trio

China’s largest nuclear firm has done its first big deal in European renewables by buying 80% stakes in three UK wind farms.

CGN Europe Energy, a division of state-owned China General Nuclear Power Corporation, has bought the stakes in EDF Energy Renewables projects totalling 73MW. The trio of UK projects are the 36MW Green Rigg, 25MW Rusholme and 12MW Glass Moor 2.

CGN has paid an unknown sum for the stakes. EDF plans to used the funds raised to make further investments in UK renewables.

Ofgem approves £1.1bn Moray funding

Ofgem has backed £1.1bn funding for a link across the Moray Firthin Scotland that is set to lead to 1.2GW of offshore projects.

The UK energy regulator this week approved the funding, which is £105m less than the figure requested by developer Scottish Hydro Electricity Transmission. The subsea link between Caithness and Moray in northern Scotland is due to be completed by 2018.

The developer, a subsidiary of SSE, said the project would open up the area to new renewable energy projects including offshore wind farms. SHE Transmission has said it would study the decision to assess whether the level of funding is adequate.

Hitachi and ABB in Japanese grid link-up

Japanese conglomerate Hitachi and Swiss power transmission firm ABB are poised to set up a joint venture to develop HVDC systems.

The companies have signed an agreement to look at the potential to develop new HVDC (high voltage direct current) systems in Japan, in order to help the Japanese grid cope with challenges including the growing amount of onshore and offshore wind power.

The joint venture is set to start operations in early 2015. Hitachi and ABB will hold 51% and 49% stakes respectively. Demand for HVDC systems is expected to increase as offshore wind grows in Japan.

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Not a member yet?

Become a member of the 6,500-strong A Word About Wind community today, and gain access to our premium content, exclusive lead generation and investment opportunities.