Wednesday 7th September 2016

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Richard Heap
September 7, 2016
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 7th September 2016

Enbridge in $28bn Spectra takeover

Enbridge is set to buy US oil and gas pipeline and storage rival
Spectra
for $28bn to create an energy infrastructure giant.

Canadian firm Enbridge operates oil and gas pipelines and owns renewable energy projects, including 16 wind projects totalling 2.5GW either in operation or development. These include a 24.9% stake in the 400MW Rampion project in UK waters.

The company said the acquisition of Spectra Energy would create the largest energy infrastructure firm in North America and bolster its balance sheet. The deal is due to complete in 2017.

UK backs 900MW Triton Knoll work

The UK has given RWE arm Innogy and Statkraft consent to build infrastructure for the 900MW offshore project Triton Knoll.

The Department for Business, Energy & Industrial Strategy yesterday approved the construction of the cabling and substation needed for the £4bn scheme. This follows a recommendation by the Planning Inspectorate in June to approve the works.

Innogy and Statkraft plan to bid for subsidy support under the next round of the UK’s offshore wind Contracts for Difference regime, which has been delayed until 2017.

Mexico’s IEnova to buy $852m Ventika

US utility Sempra Energy’s Mexican arm IEnova is set to buy Blackstone’s 252MW Ventika wind farm for $852m.

IEnova has agreed to buy the operational Ventika I and II in Nuevo Leon in northern Mexico from Blackstone Energy Partners and other minority owners. The project, which is Mexico’s largest wind development, was commissioned in April.

The $852m deal includes $477m of debt and is due to complete by the end of this year.

Siemens eyes 5% annual storage growth

Demand for utility-scale battery storage systems in Germany is set to grow by up to 5% annually, a Siemens director has said.

Frank Buechner, head of the Siemens energy management division in Germany, has said fast growth of wind and solar would force utilities to invest in battery storage. He reported that demand has grown in the last 12 months, and could grow by 5% a year.

Buechner added that Germany’s plan to grow renewable power to 80% of electricity generation by 2050 was “unthinkable without storage”. The German storage market could grow fivefold to $1.1bn by 2019 according to Bloomberg New Energy Finance.
GE 500MW orders in Texas

Argentina attracts 3.5GW wind interest

Wind developers behind projects totalling 3.5GW are bidding for support in a 1GW renewables auction in Argentina.

The Argentinian government is looking to award support next month for renewable energy projects totalling 1GW, and has received applications for almost 6.4GW. Wind developers have submitted bids for projects of almost 3.5GW, with 2.8GW of solar and 100MW of bioenergy. The auction is due on 12 October.

Argentina’s prime minister Mauricio Macri has made increasing the use of renewable energy one of his priorities since he was elected in November.

Want more? Check out our Emerging Markets special report

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, have you read Landmark Deals? This is our fourth special report of 2016 and includes in-depth interviews with David Jones, head of renewable energy at Allianz Capital Partners, and Paddy Padmanathan, chief executive of ACWA Power. Both men discuss their key wind deals of the last year and views on how the sector is developing. You don't want to miss this!

And that is not all. We have also rounded up what we see as the most important deals of the last 12 months; and sought out expert insights on the offshore sector and merger activity.

So what are you waiting for? Download it now and then let us know what you think. As always, thanks for reading.

Enbridge in $28bn Spectra takeover

Enbridge is set to buy US oil and gas pipeline and storage rival
Spectra
for $28bn to create an energy infrastructure giant.

Canadian firm Enbridge operates oil and gas pipelines and owns renewable energy projects, including 16 wind projects totalling 2.5GW either in operation or development. These include a 24.9% stake in the 400MW Rampion project in UK waters.

The company said the acquisition of Spectra Energy would create the largest energy infrastructure firm in North America and bolster its balance sheet. The deal is due to complete in 2017.

UK backs 900MW Triton Knoll work

The UK has given RWE arm Innogy and Statkraft consent to build infrastructure for the 900MW offshore project Triton Knoll.

The Department for Business, Energy & Industrial Strategy yesterday approved the construction of the cabling and substation needed for the £4bn scheme. This follows a recommendation by the Planning Inspectorate in June to approve the works.

Innogy and Statkraft plan to bid for subsidy support under the next round of the UK’s offshore wind Contracts for Difference regime, which has been delayed until 2017.

Mexico’s IEnova to buy $852m Ventika

US utility Sempra Energy’s Mexican arm IEnova is set to buy Blackstone’s 252MW Ventika wind farm for $852m.

IEnova has agreed to buy the operational Ventika I and II in Nuevo Leon in northern Mexico from Blackstone Energy Partners and other minority owners. The project, which is Mexico’s largest wind development, was commissioned in April.

The $852m deal includes $477m of debt and is due to complete by the end of this year.

Siemens eyes 5% annual storage growth

Demand for utility-scale battery storage systems in Germany is set to grow by up to 5% annually, a Siemens director has said.

Frank Buechner, head of the Siemens energy management division in Germany, has said fast growth of wind and solar would force utilities to invest in battery storage. He reported that demand has grown in the last 12 months, and could grow by 5% a year.

Buechner added that Germany’s plan to grow renewable power to 80% of electricity generation by 2050 was “unthinkable without storage”. The German storage market could grow fivefold to $1.1bn by 2019 according to Bloomberg New Energy Finance.
GE 500MW orders in Texas

Argentina attracts 3.5GW wind interest

Wind developers behind projects totalling 3.5GW are bidding for support in a 1GW renewables auction in Argentina.

The Argentinian government is looking to award support next month for renewable energy projects totalling 1GW, and has received applications for almost 6.4GW. Wind developers have submitted bids for projects of almost 3.5GW, with 2.8GW of solar and 100MW of bioenergy. The auction is due on 12 October.

Argentina’s prime minister Mauricio Macri has made increasing the use of renewable energy one of his priorities since he was elected in November.

Want more? Check out our Emerging Markets special report

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, have you read Landmark Deals? This is our fourth special report of 2016 and includes in-depth interviews with David Jones, head of renewable energy at Allianz Capital Partners, and Paddy Padmanathan, chief executive of ACWA Power. Both men discuss their key wind deals of the last year and views on how the sector is developing. You don't want to miss this!

And that is not all. We have also rounded up what we see as the most important deals of the last 12 months; and sought out expert insights on the offshore sector and merger activity.

So what are you waiting for? Download it now and then let us know what you think. As always, thanks for reading.

Enbridge in $28bn Spectra takeover

Enbridge is set to buy US oil and gas pipeline and storage rival
Spectra
for $28bn to create an energy infrastructure giant.

Canadian firm Enbridge operates oil and gas pipelines and owns renewable energy projects, including 16 wind projects totalling 2.5GW either in operation or development. These include a 24.9% stake in the 400MW Rampion project in UK waters.

The company said the acquisition of Spectra Energy would create the largest energy infrastructure firm in North America and bolster its balance sheet. The deal is due to complete in 2017.

UK backs 900MW Triton Knoll work

The UK has given RWE arm Innogy and Statkraft consent to build infrastructure for the 900MW offshore project Triton Knoll.

The Department for Business, Energy & Industrial Strategy yesterday approved the construction of the cabling and substation needed for the £4bn scheme. This follows a recommendation by the Planning Inspectorate in June to approve the works.

Innogy and Statkraft plan to bid for subsidy support under the next round of the UK’s offshore wind Contracts for Difference regime, which has been delayed until 2017.

Mexico’s IEnova to buy $852m Ventika

US utility Sempra Energy’s Mexican arm IEnova is set to buy Blackstone’s 252MW Ventika wind farm for $852m.

IEnova has agreed to buy the operational Ventika I and II in Nuevo Leon in northern Mexico from Blackstone Energy Partners and other minority owners. The project, which is Mexico’s largest wind development, was commissioned in April.

The $852m deal includes $477m of debt and is due to complete by the end of this year.

Siemens eyes 5% annual storage growth

Demand for utility-scale battery storage systems in Germany is set to grow by up to 5% annually, a Siemens director has said.

Frank Buechner, head of the Siemens energy management division in Germany, has said fast growth of wind and solar would force utilities to invest in battery storage. He reported that demand has grown in the last 12 months, and could grow by 5% a year.

Buechner added that Germany’s plan to grow renewable power to 80% of electricity generation by 2050 was “unthinkable without storage”. The German storage market could grow fivefold to $1.1bn by 2019 according to Bloomberg New Energy Finance.
GE 500MW orders in Texas

Argentina attracts 3.5GW wind interest

Wind developers behind projects totalling 3.5GW are bidding for support in a 1GW renewables auction in Argentina.

The Argentinian government is looking to award support next month for renewable energy projects totalling 1GW, and has received applications for almost 6.4GW. Wind developers have submitted bids for projects of almost 3.5GW, with 2.8GW of solar and 100MW of bioenergy. The auction is due on 12 October.

Argentina’s prime minister Mauricio Macri has made increasing the use of renewable energy one of his priorities since he was elected in November.

Want more? Check out our Emerging Markets special report

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, have you read Landmark Deals? This is our fourth special report of 2016 and includes in-depth interviews with David Jones, head of renewable energy at Allianz Capital Partners, and Paddy Padmanathan, chief executive of ACWA Power. Both men discuss their key wind deals of the last year and views on how the sector is developing. You don't want to miss this!

And that is not all. We have also rounded up what we see as the most important deals of the last 12 months; and sought out expert insights on the offshore sector and merger activity.

So what are you waiting for? Download it now and then let us know what you think. As always, thanks for reading.

Enbridge in $28bn Spectra takeover

Enbridge is set to buy US oil and gas pipeline and storage rival
Spectra
for $28bn to create an energy infrastructure giant.

Canadian firm Enbridge operates oil and gas pipelines and owns renewable energy projects, including 16 wind projects totalling 2.5GW either in operation or development. These include a 24.9% stake in the 400MW Rampion project in UK waters.

The company said the acquisition of Spectra Energy would create the largest energy infrastructure firm in North America and bolster its balance sheet. The deal is due to complete in 2017.

UK backs 900MW Triton Knoll work

The UK has given RWE arm Innogy and Statkraft consent to build infrastructure for the 900MW offshore project Triton Knoll.

The Department for Business, Energy & Industrial Strategy yesterday approved the construction of the cabling and substation needed for the £4bn scheme. This follows a recommendation by the Planning Inspectorate in June to approve the works.

Innogy and Statkraft plan to bid for subsidy support under the next round of the UK’s offshore wind Contracts for Difference regime, which has been delayed until 2017.

Mexico’s IEnova to buy $852m Ventika

US utility Sempra Energy’s Mexican arm IEnova is set to buy Blackstone’s 252MW Ventika wind farm for $852m.

IEnova has agreed to buy the operational Ventika I and II in Nuevo Leon in northern Mexico from Blackstone Energy Partners and other minority owners. The project, which is Mexico’s largest wind development, was commissioned in April.

The $852m deal includes $477m of debt and is due to complete by the end of this year.

Siemens eyes 5% annual storage growth

Demand for utility-scale battery storage systems in Germany is set to grow by up to 5% annually, a Siemens director has said.

Frank Buechner, head of the Siemens energy management division in Germany, has said fast growth of wind and solar would force utilities to invest in battery storage. He reported that demand has grown in the last 12 months, and could grow by 5% a year.

Buechner added that Germany’s plan to grow renewable power to 80% of electricity generation by 2050 was “unthinkable without storage”. The German storage market could grow fivefold to $1.1bn by 2019 according to Bloomberg New Energy Finance.
GE 500MW orders in Texas

Argentina attracts 3.5GW wind interest

Wind developers behind projects totalling 3.5GW are bidding for support in a 1GW renewables auction in Argentina.

The Argentinian government is looking to award support next month for renewable energy projects totalling 1GW, and has received applications for almost 6.4GW. Wind developers have submitted bids for projects of almost 3.5GW, with 2.8GW of solar and 100MW of bioenergy. The auction is due on 12 October.

Argentina’s prime minister Mauricio Macri has made increasing the use of renewable energy one of his priorities since he was elected in November.

Want more? Check out our Emerging Markets special report

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, have you read Landmark Deals? This is our fourth special report of 2016 and includes in-depth interviews with David Jones, head of renewable energy at Allianz Capital Partners, and Paddy Padmanathan, chief executive of ACWA Power. Both men discuss their key wind deals of the last year and views on how the sector is developing. You don't want to miss this!

And that is not all. We have also rounded up what we see as the most important deals of the last 12 months; and sought out expert insights on the offshore sector and merger activity.

So what are you waiting for? Download it now and then let us know what you think. As always, thanks for reading.

Enbridge in $28bn Spectra takeover

Enbridge is set to buy US oil and gas pipeline and storage rival
Spectra
for $28bn to create an energy infrastructure giant.

Canadian firm Enbridge operates oil and gas pipelines and owns renewable energy projects, including 16 wind projects totalling 2.5GW either in operation or development. These include a 24.9% stake in the 400MW Rampion project in UK waters.

The company said the acquisition of Spectra Energy would create the largest energy infrastructure firm in North America and bolster its balance sheet. The deal is due to complete in 2017.

UK backs 900MW Triton Knoll work

The UK has given RWE arm Innogy and Statkraft consent to build infrastructure for the 900MW offshore project Triton Knoll.

The Department for Business, Energy & Industrial Strategy yesterday approved the construction of the cabling and substation needed for the £4bn scheme. This follows a recommendation by the Planning Inspectorate in June to approve the works.

Innogy and Statkraft plan to bid for subsidy support under the next round of the UK’s offshore wind Contracts for Difference regime, which has been delayed until 2017.

Mexico’s IEnova to buy $852m Ventika

US utility Sempra Energy’s Mexican arm IEnova is set to buy Blackstone’s 252MW Ventika wind farm for $852m.

IEnova has agreed to buy the operational Ventika I and II in Nuevo Leon in northern Mexico from Blackstone Energy Partners and other minority owners. The project, which is Mexico’s largest wind development, was commissioned in April.

The $852m deal includes $477m of debt and is due to complete by the end of this year.

Siemens eyes 5% annual storage growth

Demand for utility-scale battery storage systems in Germany is set to grow by up to 5% annually, a Siemens director has said.

Frank Buechner, head of the Siemens energy management division in Germany, has said fast growth of wind and solar would force utilities to invest in battery storage. He reported that demand has grown in the last 12 months, and could grow by 5% a year.

Buechner added that Germany’s plan to grow renewable power to 80% of electricity generation by 2050 was “unthinkable without storage”. The German storage market could grow fivefold to $1.1bn by 2019 according to Bloomberg New Energy Finance.
GE 500MW orders in Texas

Argentina attracts 3.5GW wind interest

Wind developers behind projects totalling 3.5GW are bidding for support in a 1GW renewables auction in Argentina.

The Argentinian government is looking to award support next month for renewable energy projects totalling 1GW, and has received applications for almost 6.4GW. Wind developers have submitted bids for projects of almost 3.5GW, with 2.8GW of solar and 100MW of bioenergy. The auction is due on 12 October.

Argentina’s prime minister Mauricio Macri has made increasing the use of renewable energy one of his priorities since he was elected in November.

Want more? Check out our Emerging Markets special report

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, have you read Landmark Deals? This is our fourth special report of 2016 and includes in-depth interviews with David Jones, head of renewable energy at Allianz Capital Partners, and Paddy Padmanathan, chief executive of ACWA Power. Both men discuss their key wind deals of the last year and views on how the sector is developing. You don't want to miss this!

And that is not all. We have also rounded up what we see as the most important deals of the last 12 months; and sought out expert insights on the offshore sector and merger activity.

So what are you waiting for? Download it now and then let us know what you think. As always, thanks for reading.

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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.