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June 2012
After pulling in the final two bank commitments needed at the end of April, sponsors Colruyt and Aspiravi have reached financial close on the the 216MW Northwind offshore wind project.
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The Overseas Private Investment Corporation has approved a $185 million financing for two 20MW solar photovoltaic projects in southern Peru.
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Acciona has signed a $165 million facility for its $223 million 102MW Oaxaca III wind project in Mexico
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Australian-listed geothermal developer Panax says that it has agreed terms on the power purchase agreements for its Sokoria and Dairi Prima geothermal projects
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Abengoa has closed a $200 million six-year corporate revolver with the Inter-American Development Bank
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Innergex Renewable Energy is nearer to closing on the acquisition of 40.2MW of hydro capacity
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Grupo Ence has reached financial close on a Eu60.6 million ($76 million) 15 year loan for its Eu80.92 million Ence Energia Extremadura 20MW biomass project in Merida, Spain
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Reliance Power has closed the $302 million debt financing for its $415 million Rajasthan Sun Technique Energy concentrating solar power project
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Iberdrola and Neoenergia are near close on Eu300 million ($377 million) equivalent in financing for ten wind farms in Brazil
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Transmission Capital Partners (TCP) is expected to finance its acquisition of the transmission cable connection for the Ormonde offshore wind farm
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Centrica, Dong and Siemens are expected to start the first draw on the debt backing the construction of the 270MW Lincs offshore wind farm shortly
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Atlantic Power is to finance its acquisition, agreed in April, of the 298MW Canadian Hills project from Apex Wind Energy Holdings with a $130 million issue of convertible debentures and six million shares of common stock.
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Financial close for the R2.4 billion ($292 million) Cookhouse wind project in South Africa has been delayed and is now expected in mid-July
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Green Campus Partners has closed a $50 million revolving credit with Citi
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Irish Infrastructure Fund (IIF) has acquired a controlling stake in a portfolio of Irish wind farms from Viridian
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AES Solar and 8minutenergy Renewables are planning a $700 million financing for their 200MW Mount Signal
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BP Wind Energy and Sempra US Gas & Storage are assessing lender financing proposals for their $800 million, 419MW Flat Ridge 2
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Innergex Renewable Energy has agreed to buy two hydro projects in British Colombia from Capital Power
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Activ Solar has closed the financing for its 100MW Perovo solar photovoltaic plant
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Sempra has closed a $130 million financing for its 92MW Copper Mountain 2 solar photovoltaic project in Boulder City, Nevada.
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Kazakhmys could look to the project finance market to partly fund new hydroelectric developments if a joint venture with Russia’s RusHydro comes to fruition.
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Standardkessel Baumgarte Contracting and Green Energy Team have mandated Deutsche Bank to lead a $75 million financing
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RPM Access closed a $116 million financing supporting two wind projects in Iowa on 11 June.
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Qatar Solar Technologies (QST) has signed a $1 billion financing for the construction of a polysilicon manufacturing plant
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Brazilian renewables generator Brennand Energia is relying on Brazil's national development bank BNDES to finance the build-out of its wind and small hydro portfolio
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AGL and First Solar have won a A$130 million ($128 million) federal grant for their proposed A$450 million 159MW solar PV project at Broken Hill (106MW) and Nyngan (53MW)
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Epi-Solar hopes to close the financing for a 50MW ground mounted solar installation in Ghana by the end of the month
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Enel Green Power North America and GE Energy Financial Services have signed on the $220 million tax equity financing for their Chisholm View
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Dutch utility Eneco has decided to stick with Vestas V112 3MW turbines for its Eneco Luchterduinen offshore wind farm
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GMR Energy has closed a Rs2.26 billion ($40.1 million) 12-year-and-seven-month loan, via special purpose company GMR Gujarat Solar Power, for a 25MW solar PV project in the Gujarat Solar Park.
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Boralex Europe has agreed to buy a 32MW onshore French wind project from Gamesa.
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Capstone Infrastructure has priced an C$100.4 million ($97 million) debt recapitalisation of a portfolio of hydroelectric power plants
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E.ON has closed a $150 million tax equity financing with Bank of America Merrill Lynch for its 150MW Pioneer Trail wind farm in Illinois
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Chile’s largest wind financing to date included a large commercial bank component. It did so by using an industrial offtaker to mitigate some of its merchant risk.
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A first fully shariah-compliant project financing for the ADB, the FWE I and II financings offer a further lending option to wind developers in Pakistan.
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Morocco and its neighbours have ambitious plans for cross-Mediterranean renewables initiatives. But domestic sales, and conventional sources, have produced more concrete financing activity. By Sarah Rundell.
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The US solar market boomed in 2011 but new anti-dumping measures and the end of government guarantees are casting a shadow over the market. By Antony Collins.
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BP Energy and Sempra have received a number of responses to the RFP for financing their 470MW Flat Ridge II wind farm in Kansas