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Saturday, 28 March 2020

Issue : Daily News

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  • EMEA: Germany – CEE makes further acquisition

    Daily News | 20 December 2019

    Hamburg-based renewables investor CEE has bought another European wind farm following the purchase of 12MW Schwalbach wind earlier this week. The investor will provide more details in January. CEE bought the 12MW Schwalbach wind farm from DunoAir for an undisclosed sum. The total enterprise value that CEE invested in 2019 in solar and wind acquisitions is €210m, according to a source at the company. “We are envisaging another challenging 2020 in a competitive market, not only in Germany but also in the

  • EMEA: Oman - OPWP shortlists on solar

    Daily News | 20 December 2019

    Oman Power and Water Procurement Company (OPWP) has shortlisted bidders for the next two solar independent power projects (IPP), Manah 1 and 2, which will have a capacity of 500MW-600MW each. OPWP said the bidders are Masdar/EDF Renewables; Eni/SB Energy; ACWA Power; Jinko Power; Korea Western Power/Hanyang Corporation/Solar Reserve/Nafath Renewable Energy; Marubeni; Power Construction Corporation of China; TagEnergy/Al Al-Shamfari Group; and Total Solar International. The request for proposals (RFP) i

  • EMEA: Qatar - Solar bid rumours

    Daily News | 20 December 2019

    Marubeni is said to be favoured to win the Al Kharsaah 900MW solar tender although no announcements have been made. Five teams bid in August for the scheme – Jinko/Kepco, Power Construction Corporation of China, Mitsubishi, Mitsui/Engie and Marubeni.

  • EMEA: Turkey – IFC backs port extension

    Daily News | 20 December 2019

    The IFC is providing a US$12m project loan to the sponsors of Turkey’s Asyaport container terminal to finance an expansion. Total costs are estimated at around US$24m. The borrowers are Global Terminal and Turkey’s Soyuer family, 70% and 30% owners of special purpose vehicle Asyaport Liman Isletmeleri, respectively. The sponsors will purchase new equipment for the terminal to “reach full design capacity”. IFC was part of the bank club that originally financed the US$391m project at the end of 2013. It

  • EMEA: UK - Greencoat buys more merchants

    Daily News | 20 December 2019

    Greencoat UK Wind has bought more merchant Scottish farms - Windy Rig, 43.2MW, and Twentyshilling, 37.8MW - for £104m. The schemes were developed by Element Power and acquired by Statkraft in September 2018. Statkraft will build the projects and provide route-to-market and management services for the schemes once operational.

  • Americas: Canada – Ontario cancels Credit River bridge demolition

    Daily News | 20 December 2019

    The province of Ontario has cancelled plans to demolish the Credit River bridge in Mississauga due to local opposition and will return to an earlier proposal to renovate the bridge. The bridge was due to be replaced by two parallel box girder structures under a public-private partnership that shortlisted three teams. The teams include Keystone Transportation Partners, led by Peter Kiewit Sons and Dufferin Construction, with Peter Kiewit Sons as financial adviser; Credit River Developers, led by Ferrovi

  • Americas: Chile – Acciona brings renewables online

    Daily News | 20 December 2019

    Spain’s Acciona has brought online the 183MW San Gabriel wind farm and the 62MW Almeyda solar scheme. The company is planning on a busy 2020, completing construction on the 84MW Tolpan wind farm and the 64MW Usya solar park with commissioning slated for mid-2020. The company’s most recent debt activity for Chile included a €100m long-term green loan that will part-finance its pipeline of wind and solar projects in the country. Acciona has been in Chile since 1993.

  • Americas: Colombia – FDN backs highway

    Daily News | 20 December 2019

    Sacyr has received approval for a Ps245bn (US$73.5m) loan backing the Cucuta–Pamplona highway 4G public-private partnership via development bank Financiera de Desarrollo Nacional (FDN). JP Morgan and Deutsche Bank are arranging the long-term financing for the scheme and recently provided a US$90m bridge loan to guarantee construction can start. There has been great appetite in the market for the deal, especially among international banks, according to sources. The structure of the deal will feature a h

  • Americas: US – FERC takes action on PJM rule

    Daily News | 20 December 2019

    The Federal Energy Regulatory Commission (FERC) has directed PJM Interconnection to expand its minimum offer price rule (MOPR) to address state-subsidised power projects, with certain exemptions. The action builds on FERC’s June 2018 order that found that out-of-market payments provided by PJM states to support generation resources threaten the competitiveness of the capacity market. The decision is a negative for renewable projects, as it mandates state-subsidised power producers must hit a price floo

  • AP: Australia – Brookfield to run dual process on Dalrymple sale

    Daily News | 20 December 2019

    Brookfield Asset Management, which owns the A$2bn (US$1.3bn) Dalrymple coal terminal, will run a dual process for the sale of the terminal. The Canadian infrastructure company is ready to sell a 40% stake in the terminal but it is also pressing ahead with a potential IPO. HSBC and Bank of America are handling the sale side and Brookfield is calling for pitches from banks for the IPO. The Brookfield entity, DBCT Management, has long-term take-or-pay contracts with major mining companies such as BHP Mits