Search results for: stake

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A list of search results

  • 15 January 2021
    Business & Finance, Wind Farm Update

    Copenhagen Infrastructure Partners (CIP) is selling its 35 per cent stake in the 588 MW Beatrice offshore wind farm to The Renewables Infrastructure Group (TRIG) and funds managed by Equitix Investment Management Limited. TRIG has exchanged contracts with CIP to acquire an equity interest of 17.5 per cent in the project. Funds managed by Equitix […]

  • 4 December 2020
    Business & Finance, Wind Farm Update

    Ørsted has entered into an agreement to sell a 25 per cent ownership interest in its 1,100 MW Ocean Wind offshore wind project to New Jersey’s Public Service Enterprise Group (PSEG). PSEG’s contribution will include both a conventional and tax equity investment in the project. The partners did not disclose the value of the transaction. […]

  • 23 November 2020
    Business & Finance, Wind Farm Update

    RWE has signed an agreement with Greencoat to sell a 49% stake in the Humber Gateway offshore wind farm in the UK. With a 51% share in the project, RWE will remain the majority shareholder and will continue operating the 219 MW wind farm. The agreed cash consideration amounts to GBP 648 million. The disposal is […]

  • 18 November 2020
    Business & Finance, Technology

    Aker Offshore Wind has increased its ownership in Principle Power Inc from approximately 20 per cent to an expected 39 per cent, after exercising an option to buy further shares in the floating wind technology company. “Principle Power is established as the industry leading provider of floating wind foundation technology, with more than 100MW of […]

  • 11 November 2020
    Business & Finance, Wind Farm Update

    The Renewables Infrastructure Group Limited (TRIG) has agreed to acquire a 14.3 per cent indirect equity interest in the 714 MW East Anglia ONE offshore wind farm from Green Investment Group (GIG). The investment has been made in a 50 per cent interest in the holding company through which GIG’s initial investment was made, TRIG […]

  • 20 October 2020
    Business & Finance, Wind Farm Update

    Van Oord has acquired a stake in the Estonian offshore wind developer Saare Wind Energy. Saare Wind Energy is developing the Saaremaa offshore wind farm at an area covering up to 200 square kilometres south-west of the Estonian island Saaremaa. The area could facilitate an offshore wind farm of over 1,000 MW. The development of […]

  • 25 September 2020
    Business & Finance, Wind Farm Update

    Thailand’s Gulf Energy Development Public Company Limited has officially taken over the 50 per cent stake in the Borkum Riffgrund 2 offshore wind farm from Global Infrastructure Partners. In July, Gulf acquired 50 per cent shares of Borkum Riffgrund 2 Investor Holding (BKR2) through its subsidiary Gulf International Holding (GIH) which entered into a share […]

  • 1 September 2020
    Business & Finance, Wind Farm Update

    SSE has agreed to sell its 25.1% non-operating stake in the 367 MW Walney offshore wind farm to Greencoat UK Wind. The stake equates to 92 MW of capacity and the total consideration is GBP 350 million. The sale marks the first stage in SSE’s plans to dispose of GBP 2 billion of assets by […]

  • 27 August 2020
    Business & Finance

    Odfjell Drilling is investing in Oceanwind AS with an aim to acquire a stake that would ensure a controlling position in the Norway-based floating wind company. According to the Norwegian offshore drilling contractor, the move will support it on a path to zero-emissions drilling through projects that would connect its rigs to floating wind farms. […]

  • 20 August 2020
    Business & Finance

    Buss Energy Group has acquired a 24.9 per cent stake in Aero Enterprise, an Austria-based provider of drone inspections for offshore and onshore wind turbines. The German company said it had already expanded its portfolio last year by purchasing two companies and that adding drone inspection services was “the next logical step” to complete its […]

  • 7 July 2020
    Business & Finance, Wind Farm Update

    The Thailand-based Gulf Energy Development Public Company has acquired a 50% interest in the Borkum Riffgrund 2 offshore wind farm in Germany. The company acquired 100% shares of Borkum Riffgrund 2 Investor Holding (BKR2) through its subsidiary Gulf International Holding (GIH) which entered into a share purchasing agreement with Global Infrastructure Partners (GIP). The contract […]

  • 6 July 2020
    Business & Finance

    Stadtwerke München and Siemens Financial Services have joined RWE in developing the Awel y Môr offshore wind farm by acquiring a 30 per cent and 10 per cent stake in the project, respectively. RWE, which now holds 60 per cent share of the project, is leading the development of the offshore wind farm on behalf […]

  • 23 June 2020
    Business & Finance

    Iberdrola has entered into an agreement with Swedish renewables company Svea Vind Offshore, which will allow the Spain-headquartered company to take a majority stake in up to eight offshore wind projects in Sweden. The eight projects are in various stages of development, with the first of them planned to begin operating from 2029. This could […]

  • 10 June 2020
    Business & Finance, Wind Farm Update

    China’s MingYang Smart Energy has agreed to sell a minority stake in a special purpose company developing a 300 MW offshore wind project to Poly Changda Engineering. Once the transaction is completed, Poly Changda Engineering will hold a 49 per cent stake in Yangjiang Mingyang Offshore Wind Power Development, with MingYang controlling the remaining 51 […]

  • 4 June 2020
    Business & Finance, Wind Farm Update

    SSE Renewables has taken a final investment decision to proceed with the Seagreen 1 offshore wind project which will now be taken forward together with the French energy major Total. Total and SSE Renewables have now entered into an agreement through which Total will take a 51 per cent stake in the GBP 3 billion […]

  • 21 May 2020
    Business & Finance

    TenneT is supporting the possibility of Germany taking a minority stake in the organization. In a letter to the Dutch Lower House of Parliament, Finance Minister Wopke Bastiaan Hoekstra presented his preferred scenario for meeting TenneT’s capital requirement as a result of rising investments, due to the energy transition, and low-interest rates. Germany’s participation in […]

  • 7 May 2020
    Business & Finance, Wind Farm Update

    Enbridge is selling 49% of its 50% stake in Éolien Maritime France (EMF), the developer of three offshore wind projects in France, to the Canada Pension Plan Investment Board (CPP Investments). After the transaction closes, through its investment in EMF, Enbridge will own equity interests in the Saint-Nazaire (25.5%), Courseulles-sur-Mer (21.7%), and Fécamp (17.9%) offshore wind projects […]

  • 28 April 2020
    Business & Finance

    Masdar Energy UK, a wholly-owned subsidiary of Masdar, has refinanced its stake in the 630 MW London Array offshore wind farm in the UK. The refinanced debt totalled approximately GBP 466 million in commercial bank debt, maturing in December 2032. Original financing for the project closed in October 2013. Located off the coast of Kent […]

  • 13 February 2020
    Business & Finance

    Canada Pension Plan Investment Board (CPP Investments) has completed a EUR 510.6 million green bond refinancing of its minority interest in the Hohe See and Albatros offshore wind farms in Germany. In total, over EUR 510 million of senior secured notes were issued on Tuesday, 11 February and placed with eighteen institutional lenders in Europe […]

  • 12 February 2020
    Business & Finance, Wind Farm Update

    The EDF Group has acquired a 50% interest in the 1GW Codling offshore wind farm project in Ireland from Hazel Shore. Its subsidiary EDF Renewables, dedicated to wind and solar energy across the globe, will now partner with Fred Olsen Renewables Ltd, which already owns 50% to develop and build the project. The Codling project […]

  • 5 February 2020
    Business & Finance

    Siemens AG is acquiring all Iberdrola’s shares in Siemens Gamesa Renewable Energy (SGRE).

  • 23 December 2019
    Business & Finance, Wind Farm Update

    Thailand-based electric utility holding company, Electricity Generating Public Company Limited (EGCO Group), has acquired a 25% ownership interest in Yunlin Holding GmbH, the developer of the 640MW Yunlin offshore wind farm project in Taiwan. Greenwing Energy B.V., a wholly-owned subsidiary of EGCO, entered into a share purchase agreement to acquire a 25% ownership interest in Yunlin Holding […]

  • 28 November 2019
    Wind Farm Update

    The EDF Group has launched the construction of the Scottish Neart na Gaoithe (NnG) offshore wind farm project along with the new partners, the Irish electricity company ESB, which is taking a 50% stake in the project. The 450MW Neart na Gaoithe will consist of 54 turbines and will be located in the North Sea […]

  • 30 October 2019
    Business & Finance, Wind Farm Update

    Ørsted and Public Service Enterprise Group (PSEG), a New Jersey-based utility, will enter into exclusive negotiations for PSEG to potentially become an equity investor in Ørsted’s Ocean Wind project. Subject to negotiations toward a joint venture agreement, advanced due diligence and any required regulatory approvals, PSEG would acquire 25% of Ocean Wind. Ocean Wind is […]

  • 28 October 2019
    Business & Finance, Wind Farm Update

    Macquarie Infrastructure and Real Assets (MIRA) has reached an agreement with Siemens AG to acquire an additional 10 per cent stake in Gwynt y Môr offshore wind farm in the UK. MIRA has managed a 10 per cent stake in Gwynt y Môr since 2017 following Macquarie Group’s acquisition of the Green Investment Bank. “Offshore […]

  • 9 October 2019
    Business & Finance, Wind Farm Update

    JERA is set to acquire a 49% equity interest in the Formosa 2 offshore wind farm in Taiwan, the Japanese utility revealed shortly after it had secured joint control over the project with Macquarie and Swancor. Macquarie will hold a 26% stake and Swancor will hold 25% of the 376MW wind project located offshore Miaoli County in the Taiwan Strait. The […]