Wednesday 29th October 2014

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Richard Heap
October 29, 2014
This content is from our archive. Some formatting or links may be broken.
This content is from our archive. Some formatting or links may be broken.
Wednesday 29th October 2014

Australian firm scraps 600MW giant

Australian state-run energy firm Hydro Tasmania has ditched plans for its 600MW wind farm TasWind.

The firm announced its proposal for the A$2bn ($1.8bn) scheme on King Island, Tasmania, in November 2012, but yesterday said the 200-turbine scheme was no longer economically viable.

Hydro Tasmania chief executive Steve Davy said its feasibility analysis showed that the scheme was not financially viable as a standalone project, even if Australia’s Renewable Energy Target was retained at its current level. He also said changing economic conditions had seen the estimated capital costs rise by $150m.

Samsung and Pattern secure C$580m

Samsung Renewable Energy and Pattern Energy have secured C$580m ($518m) for the 180MW Armow in Ontario, Canada.

The developers have announced the completion of a construction and term loan financing with ten financial institutions.

The scheme is set to comprise 91 Siemens 2.3MW turbines, and is scheduled to complete in the fourth quarter of 2015. It has a 20-year power purchase agreement with Ontario Power Authority.

Alevo plans $1bn US battery rollout

Swiss power storage group Alevo has revealed a $1bn plan for battery storage factory to expand the use of wind and solar power.

The business has bought a 3.5m sq ft factory in North Carolina, formerly used by cigarette maker Philip Morris International, for $68.5m. It plans to use the factory to manufacture battery storage systems that can store up to 2MW; and is seeking to export its first GridBank battery system in mid-2015.

Alevo has said it plan to spend up to $1bn to develop a system that could get rid of waste from the grid and expand the use of wind and solar power. The project is a joint venture with Chinese state-owned China-ZK International Energy Investment Co.

Contour buys 161MW in Austria

US investor Contour Global has agreed a deal with Raiffeisen Banking Group to buy eight wind farms in Austria totalling 161MW.

The firm has agreed to buy the projects from affiliates of Raiffeisen as part of a 201MW deal, which includes 40MW of operational solar farms in Czech Republic and Slovakia, for an undisclosed sum.

The deal complements Contour Global’s 1.4GW of renewables businesses in South America, Europe and Africa. The company's
portfolio in eastern Europe includes schemes in Bulgaria, the Czech Republic, Poland, Romania, Slovakia and Ukraine.

Greencoat UK Wind raises £125m

Greencoat UK Wind has raised £125m through a sale of shares to repay bank debt, which is £25m more than it planned.

The fund has sold 116.8m new shares at 107p each to new and current investors, which adds to the £260m the London-based company received in its initial public offering in 2013.

Greencoat has invested in 16 onshore and offshore wind farms in the UK with a combined capacity of around 272MW.

Australian firm scraps 600MW giant

Australian state-run energy firm Hydro Tasmania has ditched plans for its 600MW wind farm TasWind.

The firm announced its proposal for the A$2bn ($1.8bn) scheme on King Island, Tasmania, in November 2012, but yesterday said the 200-turbine scheme was no longer economically viable.

Hydro Tasmania chief executive Steve Davy said its feasibility analysis showed that the scheme was not financially viable as a standalone project, even if Australia’s Renewable Energy Target was retained at its current level. He also said changing economic conditions had seen the estimated capital costs rise by $150m.

Samsung and Pattern secure C$580m

Samsung Renewable Energy and Pattern Energy have secured C$580m ($518m) for the 180MW Armow in Ontario, Canada.

The developers have announced the completion of a construction and term loan financing with ten financial institutions.

The scheme is set to comprise 91 Siemens 2.3MW turbines, and is scheduled to complete in the fourth quarter of 2015. It has a 20-year power purchase agreement with Ontario Power Authority.

Alevo plans $1bn US battery rollout

Swiss power storage group Alevo has revealed a $1bn plan for battery storage factory to expand the use of wind and solar power.

The business has bought a 3.5m sq ft factory in North Carolina, formerly used by cigarette maker Philip Morris International, for $68.5m. It plans to use the factory to manufacture battery storage systems that can store up to 2MW; and is seeking to export its first GridBank battery system in mid-2015.

Alevo has said it plan to spend up to $1bn to develop a system that could get rid of waste from the grid and expand the use of wind and solar power. The project is a joint venture with Chinese state-owned China-ZK International Energy Investment Co.

Contour buys 161MW in Austria

US investor Contour Global has agreed a deal with Raiffeisen Banking Group to buy eight wind farms in Austria totalling 161MW.

The firm has agreed to buy the projects from affiliates of Raiffeisen as part of a 201MW deal, which includes 40MW of operational solar farms in Czech Republic and Slovakia, for an undisclosed sum.

The deal complements Contour Global’s 1.4GW of renewables businesses in South America, Europe and Africa. The company's
portfolio in eastern Europe includes schemes in Bulgaria, the Czech Republic, Poland, Romania, Slovakia and Ukraine.

Greencoat UK Wind raises £125m

Greencoat UK Wind has raised £125m through a sale of shares to repay bank debt, which is £25m more than it planned.

The fund has sold 116.8m new shares at 107p each to new and current investors, which adds to the £260m the London-based company received in its initial public offering in 2013.

Greencoat has invested in 16 onshore and offshore wind farms in the UK with a combined capacity of around 272MW.

Australian firm scraps 600MW giant

Australian state-run energy firm Hydro Tasmania has ditched plans for its 600MW wind farm TasWind.

The firm announced its proposal for the A$2bn ($1.8bn) scheme on King Island, Tasmania, in November 2012, but yesterday said the 200-turbine scheme was no longer economically viable.

Hydro Tasmania chief executive Steve Davy said its feasibility analysis showed that the scheme was not financially viable as a standalone project, even if Australia’s Renewable Energy Target was retained at its current level. He also said changing economic conditions had seen the estimated capital costs rise by $150m.

Samsung and Pattern secure C$580m

Samsung Renewable Energy and Pattern Energy have secured C$580m ($518m) for the 180MW Armow in Ontario, Canada.

The developers have announced the completion of a construction and term loan financing with ten financial institutions.

The scheme is set to comprise 91 Siemens 2.3MW turbines, and is scheduled to complete in the fourth quarter of 2015. It has a 20-year power purchase agreement with Ontario Power Authority.

Alevo plans $1bn US battery rollout

Swiss power storage group Alevo has revealed a $1bn plan for battery storage factory to expand the use of wind and solar power.

The business has bought a 3.5m sq ft factory in North Carolina, formerly used by cigarette maker Philip Morris International, for $68.5m. It plans to use the factory to manufacture battery storage systems that can store up to 2MW; and is seeking to export its first GridBank battery system in mid-2015.

Alevo has said it plan to spend up to $1bn to develop a system that could get rid of waste from the grid and expand the use of wind and solar power. The project is a joint venture with Chinese state-owned China-ZK International Energy Investment Co.

Contour buys 161MW in Austria

US investor Contour Global has agreed a deal with Raiffeisen Banking Group to buy eight wind farms in Austria totalling 161MW.

The firm has agreed to buy the projects from affiliates of Raiffeisen as part of a 201MW deal, which includes 40MW of operational solar farms in Czech Republic and Slovakia, for an undisclosed sum.

The deal complements Contour Global’s 1.4GW of renewables businesses in South America, Europe and Africa. The company's
portfolio in eastern Europe includes schemes in Bulgaria, the Czech Republic, Poland, Romania, Slovakia and Ukraine.

Greencoat UK Wind raises £125m

Greencoat UK Wind has raised £125m through a sale of shares to repay bank debt, which is £25m more than it planned.

The fund has sold 116.8m new shares at 107p each to new and current investors, which adds to the £260m the London-based company received in its initial public offering in 2013.

Greencoat has invested in 16 onshore and offshore wind farms in the UK with a combined capacity of around 272MW.

Australian firm scraps 600MW giant

Australian state-run energy firm Hydro Tasmania has ditched plans for its 600MW wind farm TasWind.

The firm announced its proposal for the A$2bn ($1.8bn) scheme on King Island, Tasmania, in November 2012, but yesterday said the 200-turbine scheme was no longer economically viable.

Hydro Tasmania chief executive Steve Davy said its feasibility analysis showed that the scheme was not financially viable as a standalone project, even if Australia’s Renewable Energy Target was retained at its current level. He also said changing economic conditions had seen the estimated capital costs rise by $150m.

Samsung and Pattern secure C$580m

Samsung Renewable Energy and Pattern Energy have secured C$580m ($518m) for the 180MW Armow in Ontario, Canada.

The developers have announced the completion of a construction and term loan financing with ten financial institutions.

The scheme is set to comprise 91 Siemens 2.3MW turbines, and is scheduled to complete in the fourth quarter of 2015. It has a 20-year power purchase agreement with Ontario Power Authority.

Alevo plans $1bn US battery rollout

Swiss power storage group Alevo has revealed a $1bn plan for battery storage factory to expand the use of wind and solar power.

The business has bought a 3.5m sq ft factory in North Carolina, formerly used by cigarette maker Philip Morris International, for $68.5m. It plans to use the factory to manufacture battery storage systems that can store up to 2MW; and is seeking to export its first GridBank battery system in mid-2015.

Alevo has said it plan to spend up to $1bn to develop a system that could get rid of waste from the grid and expand the use of wind and solar power. The project is a joint venture with Chinese state-owned China-ZK International Energy Investment Co.

Contour buys 161MW in Austria

US investor Contour Global has agreed a deal with Raiffeisen Banking Group to buy eight wind farms in Austria totalling 161MW.

The firm has agreed to buy the projects from affiliates of Raiffeisen as part of a 201MW deal, which includes 40MW of operational solar farms in Czech Republic and Slovakia, for an undisclosed sum.

The deal complements Contour Global’s 1.4GW of renewables businesses in South America, Europe and Africa. The company's
portfolio in eastern Europe includes schemes in Bulgaria, the Czech Republic, Poland, Romania, Slovakia and Ukraine.

Greencoat UK Wind raises £125m

Greencoat UK Wind has raised £125m through a sale of shares to repay bank debt, which is £25m more than it planned.

The fund has sold 116.8m new shares at 107p each to new and current investors, which adds to the £260m the London-based company received in its initial public offering in 2013.

Greencoat has invested in 16 onshore and offshore wind farms in the UK with a combined capacity of around 272MW.

Australian firm scraps 600MW giant

Australian state-run energy firm Hydro Tasmania has ditched plans for its 600MW wind farm TasWind.

The firm announced its proposal for the A$2bn ($1.8bn) scheme on King Island, Tasmania, in November 2012, but yesterday said the 200-turbine scheme was no longer economically viable.

Hydro Tasmania chief executive Steve Davy said its feasibility analysis showed that the scheme was not financially viable as a standalone project, even if Australia’s Renewable Energy Target was retained at its current level. He also said changing economic conditions had seen the estimated capital costs rise by $150m.

Samsung and Pattern secure C$580m

Samsung Renewable Energy and Pattern Energy have secured C$580m ($518m) for the 180MW Armow in Ontario, Canada.

The developers have announced the completion of a construction and term loan financing with ten financial institutions.

The scheme is set to comprise 91 Siemens 2.3MW turbines, and is scheduled to complete in the fourth quarter of 2015. It has a 20-year power purchase agreement with Ontario Power Authority.

Alevo plans $1bn US battery rollout

Swiss power storage group Alevo has revealed a $1bn plan for battery storage factory to expand the use of wind and solar power.

The business has bought a 3.5m sq ft factory in North Carolina, formerly used by cigarette maker Philip Morris International, for $68.5m. It plans to use the factory to manufacture battery storage systems that can store up to 2MW; and is seeking to export its first GridBank battery system in mid-2015.

Alevo has said it plan to spend up to $1bn to develop a system that could get rid of waste from the grid and expand the use of wind and solar power. The project is a joint venture with Chinese state-owned China-ZK International Energy Investment Co.

Contour buys 161MW in Austria

US investor Contour Global has agreed a deal with Raiffeisen Banking Group to buy eight wind farms in Austria totalling 161MW.

The firm has agreed to buy the projects from affiliates of Raiffeisen as part of a 201MW deal, which includes 40MW of operational solar farms in Czech Republic and Slovakia, for an undisclosed sum.

The deal complements Contour Global’s 1.4GW of renewables businesses in South America, Europe and Africa. The company's
portfolio in eastern Europe includes schemes in Bulgaria, the Czech Republic, Poland, Romania, Slovakia and Ukraine.

Greencoat UK Wind raises £125m

Greencoat UK Wind has raised £125m through a sale of shares to repay bank debt, which is £25m more than it planned.

The fund has sold 116.8m new shares at 107p each to new and current investors, which adds to the £260m the London-based company received in its initial public offering in 2013.

Greencoat has invested in 16 onshore and offshore wind farms in the UK with a combined capacity of around 272MW.

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Full archive access is available to members only

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.