Jordan Stutts
The German asset manager is aiming to collect €500m to invest in solar, wind and hydro in Europe.
The developer has bought the rights to develop a 600MW wind farm in Maine.
After raising over €1bn in a bond issuance in June, the US utility has made its third acquisition in the state this year from RES America Developments.
The European PPA market could grow to 7GW of cumulative contracted capacity by 2020, with US tech companies spearheading the trend.
Following regulatory changes, the owners of the 100MW Andasol 1 and 2 have gone ahead with rejigging the project’s original €500m debt and equity package.
The developer has won the rights to build two offshore wind farms with a bid of €72.70 per MW/hour for the first 15 years.
The London-based firm and the Israeli management company will pay €127m for the 34MW portfolio.
Even the most optimistic outlook in a study conducted by the UK utility predicts the country will miss its 2020 EU target to generate 15% of its power from renewables.
The UN-backed Green Climate Fund has announced the first projects it will fund this year and a timetable for hiring a new executive director.
What are wind investors supposed to do when the weather poses a risk to production? Some are turning to insurance products to stabilise cashflows, finds Jordan Stutts