Wednesday 9th August 2017

Topics
No items found.
Richard Heap
August 9, 2017
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 9th August 2017

GIP pays €1.2bn for Riffgrund 2 stake

Global Infrastructure Partners is set to buy 50% of the 450MW Borkum Riffgrund 2 offshore project from Dong Energy for €1.2bn.

Danish utility Dong has developed Borkum Riffgrund 2, which is currently in construction, and has agreed to sell half to US fund manager GIP. Dong plans to keep the remaining 50%. Borkum Riffgrund 2 is located in the German North Sea and set to consist of 56 8MW wind turbines. Completion is scheduled for 2019.

The transaction is subject to approval by competition authorities and is due to complete by the end of the year. The deal follows the acquisition by GIP of a 50% stake in the Gode Wind 1 offshore scheme from Dong in 2015.

We spoke to Dong's Samuel Leupold last year. Catch up here

Zuma reaches $600m close in Mexico

Actis subsidiary Zuma Energia has secured $600m in construction financing for a 424MW wind project that is the largest in Mexico.

Zuma yesterday reached financial close on its Reynosa scheme in northeast Mexico after gaining funding from Bancomext, Banobras, EKF, Nafin and Santander. The firm is 80% owned by emerging markets investor Actis and 20% by Mesoamerica Investments.

The development is due to be commissioned in 2018.

GE and Macquarie eye 650MW in Sweden

General Electric and Macquarie plan to acquire the up-to-650MW Markbygden One scheme in Sweden from developer Svevind.

The companies have notified the European Commission of their proposal to buy the holding company that owns Markbygden One for an unknown sum. The project includes three wind farms – the Gråberget, Kilberget and Snöbergen schemes – that are ready for construction and set to comprise 179 turbines.

In February, the project received backing from the European Investment Bank in a deal where GE Financial Services and Macquarie acted as financial intermediaries.

Scottish Power wins 1.2GW consent

Scottish Power Renewables has won planning consent from the UK government for its 1.2GW offshore project East Anglia 3.

The UK's Department for Business, Energy & Industrial Strategy has granted planning consent to the project, which is now eligible to participate in the Contracts for Difference auction process. If successful, construction would start in 2022, with completion due in 2025. East Anglia 3 is set to consist of up to 172 turbines and be located in the North Sea, off the coast of Norfolk.

Scottish Power Renewables, part of Spanish utility Iberdrola, is currently on-site with the 714MW East Anglia 1, which will consist 102 7MW Siemens Gamesa turbines. It is set to complete in 2019.

Falck acquires 115MW in Sweden

Italian firm Falck Renewables has agreed to acquire two wind projects totalling 115MW in Sweden from utility E.On for €7m.

Falck is set to acquire 100% of E.On subsidiaries Åliden Vind and Brattmyrliden Vind, which manage respectively the 43MW Åliden and the 72MW Brattmyrliden wind projects in Sweden, in the municipality of Ӧrnskӧldsvik. Åliden Vind and Brattmyrliden Vind are fully owned by the Swedish arm of German utility E.On.

The transaction is due to complete in September.

EDP grows EDPR stake to 82.6%

EDP has grown its stake in renewables arm EDP Renovaveis to 82.6%, but fell short of its target of owning 90% of EDPR.

The Portuguese utility wanted to gain control of 90% of EDPR to withdraw the company from trading on the Euronext Lisbon stock exchange, but fell short of its target. EDP, which previously owned 77.5% of EDPR, offered in March to buy out minority shareholders at €6.75 per share and has now spent €296m on the tender.

EDP has said it does not now plan to restructure EDPR or merge the two companies.

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, on 14th November we are due to publish our sixth annual Top 100 Power People report and we need your help. You are running out of time to tell us who are the most influential people working in the global wind industry today.

Nominations are open, and you can get in touch with us by this Friday to let us know who you think we should consider.

Specifically, we are looking for individuals who:

- Carry the greatest influence within the industry as a whole, or their own particular part of it.
- Make the biggest deals and investments, with a focus on the last 12 months.
- Broaden horizons for wind by shaping policy, creating opportunity and driving markets forward.
- Lead the biggest and most successful businesses and organisations in wind.

You can send your nominations to editorial@awordaboutwind.com, providing a brief overview of who you think we should include and why. Just give us the hard facts in no more than 300 words and our team will consider them for the shortlist to be put in front of our panel of judges later this year. Don't miss out!

We look forward to hearing your suggestions.

GIP pays €1.2bn for Riffgrund 2 stake

Global Infrastructure Partners is set to buy 50% of the 450MW Borkum Riffgrund 2 offshore project from Dong Energy for €1.2bn.

Danish utility Dong has developed Borkum Riffgrund 2, which is currently in construction, and has agreed to sell half to US fund manager GIP. Dong plans to keep the remaining 50%. Borkum Riffgrund 2 is located in the German North Sea and set to consist of 56 8MW wind turbines. Completion is scheduled for 2019.

The transaction is subject to approval by competition authorities and is due to complete by the end of the year. The deal follows the acquisition by GIP of a 50% stake in the Gode Wind 1 offshore scheme from Dong in 2015.

We spoke to Dong's Samuel Leupold last year. Catch up here

Zuma reaches $600m close in Mexico

Actis subsidiary Zuma Energia has secured $600m in construction financing for a 424MW wind project that is the largest in Mexico.

Zuma yesterday reached financial close on its Reynosa scheme in northeast Mexico after gaining funding from Bancomext, Banobras, EKF, Nafin and Santander. The firm is 80% owned by emerging markets investor Actis and 20% by Mesoamerica Investments.

The development is due to be commissioned in 2018.

GE and Macquarie eye 650MW in Sweden

General Electric and Macquarie plan to acquire the up-to-650MW Markbygden One scheme in Sweden from developer Svevind.

The companies have notified the European Commission of their proposal to buy the holding company that owns Markbygden One for an unknown sum. The project includes three wind farms – the Gråberget, Kilberget and Snöbergen schemes – that are ready for construction and set to comprise 179 turbines.

In February, the project received backing from the European Investment Bank in a deal where GE Financial Services and Macquarie acted as financial intermediaries.

Scottish Power wins 1.2GW consent

Scottish Power Renewables has won planning consent from the UK government for its 1.2GW offshore project East Anglia 3.

The UK's Department for Business, Energy & Industrial Strategy has granted planning consent to the project, which is now eligible to participate in the Contracts for Difference auction process. If successful, construction would start in 2022, with completion due in 2025. East Anglia 3 is set to consist of up to 172 turbines and be located in the North Sea, off the coast of Norfolk.

Scottish Power Renewables, part of Spanish utility Iberdrola, is currently on-site with the 714MW East Anglia 1, which will consist 102 7MW Siemens Gamesa turbines. It is set to complete in 2019.

Falck acquires 115MW in Sweden

Italian firm Falck Renewables has agreed to acquire two wind projects totalling 115MW in Sweden from utility E.On for €7m.

Falck is set to acquire 100% of E.On subsidiaries Åliden Vind and Brattmyrliden Vind, which manage respectively the 43MW Åliden and the 72MW Brattmyrliden wind projects in Sweden, in the municipality of Ӧrnskӧldsvik. Åliden Vind and Brattmyrliden Vind are fully owned by the Swedish arm of German utility E.On.

The transaction is due to complete in September.

EDP grows EDPR stake to 82.6%

EDP has grown its stake in renewables arm EDP Renovaveis to 82.6%, but fell short of its target of owning 90% of EDPR.

The Portuguese utility wanted to gain control of 90% of EDPR to withdraw the company from trading on the Euronext Lisbon stock exchange, but fell short of its target. EDP, which previously owned 77.5% of EDPR, offered in March to buy out minority shareholders at €6.75 per share and has now spent €296m on the tender.

EDP has said it does not now plan to restructure EDPR or merge the two companies.

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, on 14th November we are due to publish our sixth annual Top 100 Power People report and we need your help. You are running out of time to tell us who are the most influential people working in the global wind industry today.

Nominations are open, and you can get in touch with us by this Friday to let us know who you think we should consider.

Specifically, we are looking for individuals who:

- Carry the greatest influence within the industry as a whole, or their own particular part of it.
- Make the biggest deals and investments, with a focus on the last 12 months.
- Broaden horizons for wind by shaping policy, creating opportunity and driving markets forward.
- Lead the biggest and most successful businesses and organisations in wind.

You can send your nominations to editorial@awordaboutwind.com, providing a brief overview of who you think we should include and why. Just give us the hard facts in no more than 300 words and our team will consider them for the shortlist to be put in front of our panel of judges later this year. Don't miss out!

We look forward to hearing your suggestions.

GIP pays €1.2bn for Riffgrund 2 stake

Global Infrastructure Partners is set to buy 50% of the 450MW Borkum Riffgrund 2 offshore project from Dong Energy for €1.2bn.

Danish utility Dong has developed Borkum Riffgrund 2, which is currently in construction, and has agreed to sell half to US fund manager GIP. Dong plans to keep the remaining 50%. Borkum Riffgrund 2 is located in the German North Sea and set to consist of 56 8MW wind turbines. Completion is scheduled for 2019.

The transaction is subject to approval by competition authorities and is due to complete by the end of the year. The deal follows the acquisition by GIP of a 50% stake in the Gode Wind 1 offshore scheme from Dong in 2015.

We spoke to Dong's Samuel Leupold last year. Catch up here

Zuma reaches $600m close in Mexico

Actis subsidiary Zuma Energia has secured $600m in construction financing for a 424MW wind project that is the largest in Mexico.

Zuma yesterday reached financial close on its Reynosa scheme in northeast Mexico after gaining funding from Bancomext, Banobras, EKF, Nafin and Santander. The firm is 80% owned by emerging markets investor Actis and 20% by Mesoamerica Investments.

The development is due to be commissioned in 2018.

GE and Macquarie eye 650MW in Sweden

General Electric and Macquarie plan to acquire the up-to-650MW Markbygden One scheme in Sweden from developer Svevind.

The companies have notified the European Commission of their proposal to buy the holding company that owns Markbygden One for an unknown sum. The project includes three wind farms – the Gråberget, Kilberget and Snöbergen schemes – that are ready for construction and set to comprise 179 turbines.

In February, the project received backing from the European Investment Bank in a deal where GE Financial Services and Macquarie acted as financial intermediaries.

Scottish Power wins 1.2GW consent

Scottish Power Renewables has won planning consent from the UK government for its 1.2GW offshore project East Anglia 3.

The UK's Department for Business, Energy & Industrial Strategy has granted planning consent to the project, which is now eligible to participate in the Contracts for Difference auction process. If successful, construction would start in 2022, with completion due in 2025. East Anglia 3 is set to consist of up to 172 turbines and be located in the North Sea, off the coast of Norfolk.

Scottish Power Renewables, part of Spanish utility Iberdrola, is currently on-site with the 714MW East Anglia 1, which will consist 102 7MW Siemens Gamesa turbines. It is set to complete in 2019.

Falck acquires 115MW in Sweden

Italian firm Falck Renewables has agreed to acquire two wind projects totalling 115MW in Sweden from utility E.On for €7m.

Falck is set to acquire 100% of E.On subsidiaries Åliden Vind and Brattmyrliden Vind, which manage respectively the 43MW Åliden and the 72MW Brattmyrliden wind projects in Sweden, in the municipality of Ӧrnskӧldsvik. Åliden Vind and Brattmyrliden Vind are fully owned by the Swedish arm of German utility E.On.

The transaction is due to complete in September.

EDP grows EDPR stake to 82.6%

EDP has grown its stake in renewables arm EDP Renovaveis to 82.6%, but fell short of its target of owning 90% of EDPR.

The Portuguese utility wanted to gain control of 90% of EDPR to withdraw the company from trading on the Euronext Lisbon stock exchange, but fell short of its target. EDP, which previously owned 77.5% of EDPR, offered in March to buy out minority shareholders at €6.75 per share and has now spent €296m on the tender.

EDP has said it does not now plan to restructure EDPR or merge the two companies.

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, on 14th November we are due to publish our sixth annual Top 100 Power People report and we need your help. You are running out of time to tell us who are the most influential people working in the global wind industry today.

Nominations are open, and you can get in touch with us by this Friday to let us know who you think we should consider.

Specifically, we are looking for individuals who:

- Carry the greatest influence within the industry as a whole, or their own particular part of it.
- Make the biggest deals and investments, with a focus on the last 12 months.
- Broaden horizons for wind by shaping policy, creating opportunity and driving markets forward.
- Lead the biggest and most successful businesses and organisations in wind.

You can send your nominations to editorial@awordaboutwind.com, providing a brief overview of who you think we should include and why. Just give us the hard facts in no more than 300 words and our team will consider them for the shortlist to be put in front of our panel of judges later this year. Don't miss out!

We look forward to hearing your suggestions.

GIP pays €1.2bn for Riffgrund 2 stake

Global Infrastructure Partners is set to buy 50% of the 450MW Borkum Riffgrund 2 offshore project from Dong Energy for €1.2bn.

Danish utility Dong has developed Borkum Riffgrund 2, which is currently in construction, and has agreed to sell half to US fund manager GIP. Dong plans to keep the remaining 50%. Borkum Riffgrund 2 is located in the German North Sea and set to consist of 56 8MW wind turbines. Completion is scheduled for 2019.

The transaction is subject to approval by competition authorities and is due to complete by the end of the year. The deal follows the acquisition by GIP of a 50% stake in the Gode Wind 1 offshore scheme from Dong in 2015.

We spoke to Dong's Samuel Leupold last year. Catch up here

Zuma reaches $600m close in Mexico

Actis subsidiary Zuma Energia has secured $600m in construction financing for a 424MW wind project that is the largest in Mexico.

Zuma yesterday reached financial close on its Reynosa scheme in northeast Mexico after gaining funding from Bancomext, Banobras, EKF, Nafin and Santander. The firm is 80% owned by emerging markets investor Actis and 20% by Mesoamerica Investments.

The development is due to be commissioned in 2018.

GE and Macquarie eye 650MW in Sweden

General Electric and Macquarie plan to acquire the up-to-650MW Markbygden One scheme in Sweden from developer Svevind.

The companies have notified the European Commission of their proposal to buy the holding company that owns Markbygden One for an unknown sum. The project includes three wind farms – the Gråberget, Kilberget and Snöbergen schemes – that are ready for construction and set to comprise 179 turbines.

In February, the project received backing from the European Investment Bank in a deal where GE Financial Services and Macquarie acted as financial intermediaries.

Scottish Power wins 1.2GW consent

Scottish Power Renewables has won planning consent from the UK government for its 1.2GW offshore project East Anglia 3.

The UK's Department for Business, Energy & Industrial Strategy has granted planning consent to the project, which is now eligible to participate in the Contracts for Difference auction process. If successful, construction would start in 2022, with completion due in 2025. East Anglia 3 is set to consist of up to 172 turbines and be located in the North Sea, off the coast of Norfolk.

Scottish Power Renewables, part of Spanish utility Iberdrola, is currently on-site with the 714MW East Anglia 1, which will consist 102 7MW Siemens Gamesa turbines. It is set to complete in 2019.

Falck acquires 115MW in Sweden

Italian firm Falck Renewables has agreed to acquire two wind projects totalling 115MW in Sweden from utility E.On for €7m.

Falck is set to acquire 100% of E.On subsidiaries Åliden Vind and Brattmyrliden Vind, which manage respectively the 43MW Åliden and the 72MW Brattmyrliden wind projects in Sweden, in the municipality of Ӧrnskӧldsvik. Åliden Vind and Brattmyrliden Vind are fully owned by the Swedish arm of German utility E.On.

The transaction is due to complete in September.

EDP grows EDPR stake to 82.6%

EDP has grown its stake in renewables arm EDP Renovaveis to 82.6%, but fell short of its target of owning 90% of EDPR.

The Portuguese utility wanted to gain control of 90% of EDPR to withdraw the company from trading on the Euronext Lisbon stock exchange, but fell short of its target. EDP, which previously owned 77.5% of EDPR, offered in March to buy out minority shareholders at €6.75 per share and has now spent €296m on the tender.

EDP has said it does not now plan to restructure EDPR or merge the two companies.

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, on 14th November we are due to publish our sixth annual Top 100 Power People report and we need your help. You are running out of time to tell us who are the most influential people working in the global wind industry today.

Nominations are open, and you can get in touch with us by this Friday to let us know who you think we should consider.

Specifically, we are looking for individuals who:

- Carry the greatest influence within the industry as a whole, or their own particular part of it.
- Make the biggest deals and investments, with a focus on the last 12 months.
- Broaden horizons for wind by shaping policy, creating opportunity and driving markets forward.
- Lead the biggest and most successful businesses and organisations in wind.

You can send your nominations to editorial@awordaboutwind.com, providing a brief overview of who you think we should include and why. Just give us the hard facts in no more than 300 words and our team will consider them for the shortlist to be put in front of our panel of judges later this year. Don't miss out!

We look forward to hearing your suggestions.

GIP pays €1.2bn for Riffgrund 2 stake

Global Infrastructure Partners is set to buy 50% of the 450MW Borkum Riffgrund 2 offshore project from Dong Energy for €1.2bn.

Danish utility Dong has developed Borkum Riffgrund 2, which is currently in construction, and has agreed to sell half to US fund manager GIP. Dong plans to keep the remaining 50%. Borkum Riffgrund 2 is located in the German North Sea and set to consist of 56 8MW wind turbines. Completion is scheduled for 2019.

The transaction is subject to approval by competition authorities and is due to complete by the end of the year. The deal follows the acquisition by GIP of a 50% stake in the Gode Wind 1 offshore scheme from Dong in 2015.

We spoke to Dong's Samuel Leupold last year. Catch up here

Zuma reaches $600m close in Mexico

Actis subsidiary Zuma Energia has secured $600m in construction financing for a 424MW wind project that is the largest in Mexico.

Zuma yesterday reached financial close on its Reynosa scheme in northeast Mexico after gaining funding from Bancomext, Banobras, EKF, Nafin and Santander. The firm is 80% owned by emerging markets investor Actis and 20% by Mesoamerica Investments.

The development is due to be commissioned in 2018.

GE and Macquarie eye 650MW in Sweden

General Electric and Macquarie plan to acquire the up-to-650MW Markbygden One scheme in Sweden from developer Svevind.

The companies have notified the European Commission of their proposal to buy the holding company that owns Markbygden One for an unknown sum. The project includes three wind farms – the Gråberget, Kilberget and Snöbergen schemes – that are ready for construction and set to comprise 179 turbines.

In February, the project received backing from the European Investment Bank in a deal where GE Financial Services and Macquarie acted as financial intermediaries.

Scottish Power wins 1.2GW consent

Scottish Power Renewables has won planning consent from the UK government for its 1.2GW offshore project East Anglia 3.

The UK's Department for Business, Energy & Industrial Strategy has granted planning consent to the project, which is now eligible to participate in the Contracts for Difference auction process. If successful, construction would start in 2022, with completion due in 2025. East Anglia 3 is set to consist of up to 172 turbines and be located in the North Sea, off the coast of Norfolk.

Scottish Power Renewables, part of Spanish utility Iberdrola, is currently on-site with the 714MW East Anglia 1, which will consist 102 7MW Siemens Gamesa turbines. It is set to complete in 2019.

Falck acquires 115MW in Sweden

Italian firm Falck Renewables has agreed to acquire two wind projects totalling 115MW in Sweden from utility E.On for €7m.

Falck is set to acquire 100% of E.On subsidiaries Åliden Vind and Brattmyrliden Vind, which manage respectively the 43MW Åliden and the 72MW Brattmyrliden wind projects in Sweden, in the municipality of Ӧrnskӧldsvik. Åliden Vind and Brattmyrliden Vind are fully owned by the Swedish arm of German utility E.On.

The transaction is due to complete in September.

EDP grows EDPR stake to 82.6%

EDP has grown its stake in renewables arm EDP Renovaveis to 82.6%, but fell short of its target of owning 90% of EDPR.

The Portuguese utility wanted to gain control of 90% of EDPR to withdraw the company from trading on the Euronext Lisbon stock exchange, but fell short of its target. EDP, which previously owned 77.5% of EDPR, offered in March to buy out minority shareholders at €6.75 per share and has now spent €296m on the tender.

EDP has said it does not now plan to restructure EDPR or merge the two companies.

Wind Watch

Wind Watch is published every Monday and Friday.

In the meantime, on 14th November we are due to publish our sixth annual Top 100 Power People report and we need your help. You are running out of time to tell us who are the most influential people working in the global wind industry today.

Nominations are open, and you can get in touch with us by this Friday to let us know who you think we should consider.

Specifically, we are looking for individuals who:

- Carry the greatest influence within the industry as a whole, or their own particular part of it.
- Make the biggest deals and investments, with a focus on the last 12 months.
- Broaden horizons for wind by shaping policy, creating opportunity and driving markets forward.
- Lead the biggest and most successful businesses and organisations in wind.

You can send your nominations to editorial@awordaboutwind.com, providing a brief overview of who you think we should include and why. Just give us the hard facts in no more than 300 words and our team will consider them for the shortlist to be put in front of our panel of judges later this year. Don't miss out!

We look forward to hearing your suggestions.

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.

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.