EDF has launched an inaugural landmark offering of green senior unsecured bonds convertible into new shares or exchangeable for existing shares of the company for a maximum nominal amount of €2.4 billion due in 2024. This new offering is the first convertible bond issued by EDF.
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Swedish energy storage company Azelio and India based Atria Power have signed a MoU to install over 65 MW of energy storage capacity in India. According to the agreement the entire energy storage capacity will be set up until 2025.
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Global mining group BHP has signed a power purchasing agreement (PPA) to meet 50 per cent of its electricity needs across its Queensland Coal mines from green power sources. The said PPA has been signed with CleanCo, Queensland’s state-owned clean energy generator and retailer.
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Mainstream Renewable Power, a global wind and solar developer, has reached financial close for the second phase of its Andes Renovables renewable power platform in Chile. This second phase, called Huemul, will have a total capacity of 630 MW. It comprises of three onshore wind and two solar PV assets.
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Total and Macquarie’s Green Investment Group (GIG) have partnered to develop floating offshore wind projects in South Korea. The 50-50 partnership concluded recently between the two companies is aimed to develop 5 large projects with a total capacity of more than 2 GW.
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Votorantim Energia and the Canada Pension Plan Investment Board (CPP Investments) have formed a joint venture to fund growth in the construction of a large renewable energy cluster in Brazil. The JV is setting up two new wind farms, Ventos do Piauí II and Ventos do Piauí III, with a total installed capacity of 409.2 MW.
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NTR, a sustainable infrastructure investor and asset manager that acquires, constructs and manages renewable energy projects, has successfully completed a €370 million portfolio refinance of its 220 MW onshore wind portfolio. The said refinancing has been carried out for its NTR Wind 1 LP fund…
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The preliminary results of Portugal’s latest solar auction for 700 MW of capacity have been released with the winning bid price dropping to a record low of €0.01114/kWh. This is lower than the record low bid price of €0.0146/kWh witnessed in the 1,150 MW solar auction in Portugal in June 2019.
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Saipem, an Italian major in subsea exploration, construction and energy services, will co-develop a 450 MW wind farm in the Adriatic Sea off the coast of Ravenna. The company has recently signed MoUs with AGNES and QINT’X to set up this offshore wind farm in northern Italy.
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The German government is publishing its first framework for Green German Federal Securities to strengthen the country’s position in the area of sustainable finance and make its “green” budget spending more transparent.
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Amazon has announced a new 115 MW wind farm project in Ardderroo, Galway in Ireland. The wind power project will support the Amazon Web Services (AWS) data centers in the country. This new project will begin operating in 2022 and add to the company’s other upcoming projects in the country.
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Two African energy companies, Groupe Filatex and Dera Energy, have partnered to develop a total of 170 MW of solar power capacity in Madagascar. Together, the two partners plan to build three kinds of solar power plants, hybrid power plants to support existing heavy fuel oil plants, fixed solar power plants and mobile power plants.
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Siemens Energy has signed an agreement with Beijing Green Hydrogen Technology Development Company Limited, a subsidiary of China Power International Development Ltd. (China Power), to provide a hydrogen production system for a fueling station in Yanqing District, Beijing.
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Duke Energy Renewables, a subsidiary of Duke Energy, has closed a preferred tax equity funding of $109.4 million from Goldman Sachs’ Alternative Energy Investing Group. This investment will be used to implement around 75 MW of solar and solar with energy storage projects over an 18-months period.
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Azelio, a public Swedish company specialising in thermal energy storage with dispatchable power, has signed an agreement with ALEC Energy to build a renewable energy storage site. Azelio will install a verification project in Abu Dhabi so as to evaluate its energy storage technology for inclusion in Masdar’s renewable energy product portfolio.
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GE Renewable Energy has announced that it will supply 13 wind turbines to the 68.9 MW E energija Telšiai onshore wind farm in Lithuania. As part of the partnership, GE will also provide a 25-year full services agreement for the wind project.
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AGL has announced that it has lodged a scoping report with the New South Wales Department of Planning, Industry and Environment (DPIE) for a grid-scale battery system at its Liddell Power Station site. The Liddell Battery project is part of the company’s target to develop 850 MW multi-site integrated battery systems by FY24.
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The first half of the year 2020 saw a sharp reduction in power demand, which in turn led to a huge decline in thermal power generation. On the other hand, the share of renewable energy especially wind and solar continues to rise as economies strive for green recovery from the covid-19 crisis.
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The Asian Development Bank (ADB) has approved a $73.39 million concessional loan and grant to the Government of Maldives to develop a waste treatment facility using waste-to-energy (WTE) technology and disposal infrastructure for the Greater Malé region and neighboring outer islands.
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Qatar’s 800 MW Siraj 1 solar project has reached financial closure with the Japan Bank for International Cooperation (JBIC) and Mizuho Bank agreeing to finance the construction of the project. The Japanese lenders have signed a $330 million syndicated loan according to the Qatar General Electricity and Water Corporation.
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