Finance

Adani Green Energy Offers 8.75 Crore Shares For Sale

Adani Tradeline LLP and Universal Trade and Investment together would offer 8.75 crore equity at an offer price of Rs 43 per piece and the OFS will open for one day on Tuesday, May 21, 2019. Adani Green Energy has issued in a statement that two of its promoters Adani Tradeline LLP and Universal Trade […]

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Danish Renewable Energy Infrastructure Fund Closes on $700 Mn

Copenhagen Infrastructure Partners (CIP) new fund, the New Markets Fund I, which will invest in renewable energy infrastructure targeting fast-growing major new economies primarily in Asia and Latin America, reached the first close of USD 700 million. “Obtaining first close commitments of USD 700m from a group of leading Nordic investors is an important proof […]

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Japan’s Orix Corporation to Buy Out 7 Wind Energy Farms of IL&FS

The intent to buy 51 percent stake is in the exercise of Orix’s right under the terms of an existing MoU, wherein Orix can match the price offered by the highest bidder for purchasing IWEL’s stake in the wind SPVs. Japanese financial services group, Orix Corporation, which owns a minority stake of 49 percent in […]

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APICORP Signs $75 Mn Financing Facility with Saudi Renewable Firm Alfanar

The 5-year financing facility has been initially designed to support the Saudi-based renewable energy developer’s renewables energy projects, most notably the wind project it is currently developing in Spain. The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five year Murabaha financing facility worth USD 75 million with Alfanar […]

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CDPQ Invests in Lightsource BP For $194 MN Solar Financing Platform

The facility will initially be used to finance a diversified portfolio composed of over 100 solar projects located across various countries and totalling more than 700 MW. Canadian institutional investor, Caisse de dépôt et placement du Québec (CDPQ) and Lightsource BP recently announced a debt investment of £150 million ($194 million) to finance a portfolio of solar assets […]

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EBRD to Invest $100Mn in Turkish Renewable Firm

With EBRD funds, the company plans to invest in wind farms and solar projects with a combined capacity of up to 250MW. In a new boost to Turkey’s renewable energy sector, the European Bank for Reconstruction and Development (EBRD) is investing US$ 100 million in a stake of Ictas Surdurulebilir Enerji Yatirimlari (Ictas Energy), the […]

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E.on Posts Lower EBIT and Net Income For First Quarter of 2019

The Renewables segment’s adjusted EBIT rose by 23 percent year on year, from €171 million to €211 million. Thanks to commissioning of offshore wind farms in Germany and the UK and an onshore wind farm in the US. The Germany-based electric utility company, E.On, with its core business in Energy Networks, Customer Solutions and Renewables […]

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Innergex Closes Construction Financing For its 328 MW Texas Wind Farm

The facility is expected to produce a gross estimated long-term average of 1,230 GWh and will be the largest wind farm project built by Innergex. Canadian renewable energy solutions firm, Innergex Renewable Energy has announced the closing of a construction financing and tax equity commitment for the Foard City wind project located in Foard County, […]

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