Zak Bentley
Northland Power’s acquisition of the €1.2bn Deutsche Bucht project gives the company its first full ownership of an offshore wind farm following majority investments in the Gemini and Nordsee One sites.
The company’s partnership with VLC Energy will help it develop the 50MW of storage it won in a UK auction as well as target further investments.
The UK pension has joined the EIB as one of the greenfield fund’s largest investors, bringing the vehicle closer to its £1bn target.
NAB, ING and Rabobank have joined Macquarie in providing debt to a 151MW portfolio backed by the UK’s Contract for Difference regime.
Ofgem’s fifth tender round, worth £2bn, has attracted interest from usual suspects as well as DIF, which is bidding for the first time.
The emerging markets firm says it will spend $525m in future commitments on the Chile-based unit after acquiring the assets from defunct developer SunEdison.
Macquarie’s expected £2bn purchase of the GIB will now be subject to a judicial review following concerns over how the sale has been conducted.
The state-owned power company continues its partnership with Portugal’s EDP Renováveis which has seen it invest in over 3GW of European wind projects.
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The €10m funding will supply only a small portion of the money needed to build the 1.4GW interconnector, on which a final investment decision is expected in 2019.
The deal is the second in the sector supported by the monoline insurer in recent months as it increases its support for student accommodation.