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VIVAWEST and the European Investment Bank (EIB) have concluded a loan contract for EUR 300m. VIVAWEST will use the EU bank finance, which is backed by guarantees from the Juncker Plan´s European Fund for Strategic Investments, to build around 2 300 housing units to KfW 55 standard in various towns and municipalities in…
Refinancing loans totalling £39 million from Scottish Widows and Lloyds Bank are being used by UK renewable energy investors to fund three solar power farms. The package will fund fully operational photovoltaic assets which are connected to the National Grid. The solar power farms are located in the south of…
Siemens Gamesa has pledged its further commitment to the growth of clean energy in Egypt through the construction of the 250 MW West Bakr Wind project which is owned by the renewable power generation company Lekela. Siemens Gamesa will install 96 SG 2.6-114 turbines through a turnkey EPC contract and will…
The largest academic centre in the world for research into robotics technology for offshore energy infrastructure, the ORCA[1] Hub’s aim is to advance robotics and Artificial Intelligence technologies for the inspection, repair, maintenance and certification of offshore energy platforms and assets. Creating solutions to some of the most challenging, hard to reach…
Aquila European Renewables Income Fund (“AERIF” or the “Company”) the London-listed investment company advised by Aquila Capital Investmentgesellschaft mbh has today announced that it is among the first beneficiaries of the Green Economy Mark. This new Green Economy classification and mark has been launched by the London Stock Exchange for…
Schneider Electric, the leader in digital transformation of energy management and automation, announced a significant evolution in its EcoStruxure Power architecture and platform, with the launch of its third-generation offering. First announced in 2016, EcoStruxure Power is an IoT-enabled platform that digitizes and simplifies low and medium-voltage electrical distribution systems.…
Acciona launches takeover bid for turbine group Nordex Spain’s Acciona has accepted a proposal from Nordex to a 10% increase in its share capital, triggering a mandatory takeover bid for the German group, Acciona said in a statement October 10. Nordex was the world’s eighth largest turbine supplier in 2018,…
The European Investment Bank (EIB) has agreed to lend EUR 21.1m, the first tranche of an approved EIB loan of EUR 63.6m, for financing the third phase of the energy efficiency investment programme of Bucharest Sector 2. In total, 400 residential buildings will benefit from upgraded energy efficiency under this…
Madrid, October 2, 2019.- Dhamma Energy celebrated last week the laying of the foundation stone of the 87.5 MWp Athies-Samoussy park, the largest solar plant in the northern France region of Hauts-de-France. The ceremony marks the start of the construction of the project located at the former NATO airbase of…
A cross-practice team from Eversheds Sutherland has advised Glennmont Partners on its acquisition of a 211MW windfarm in Finland, marking its first investment in the Nordic market. Glennmont acquired the Piiparinmäki windfarm from Ilmatar Energy, a joint venture between Omnes-managed Capenergie 3 and Ilmatar Windpower plc. Construction for the project…
