Home Renewables


The deal is the second time the pair have teamed up as BIG seeks to double its 115MW portfolio. The project has been bought from the Green Investment Group as the last transaction following BIG's acquisition of 20 assets from the revamped Green Investment Bank.
The firm and partner Tozzi Green secure debt for the 25.2MW project three years after they paid €100m for the site.
The green infrastructure firm says it aims to ‘revolutionise’ the fund model by delivering returns with zero net cost. It is targeting investments in water, waste, renewable energy, energy transmission and distribution, sustainable agriculture and energy efficiency.
The country’s Supreme Court rejected an appeal from the Royal Society for the Protection of Birds, ending a two-year legal battle over the £2bn Neart na Gaoithe offshore project. The £2bn wind farm, which will be built over 80 square km on a site in the Forth Estuary off the North Sea, was awarded planning consent in October 2014.
The government’s recently announced National Energy Guarantee could shorten contract duration, creating a risk-return profile closer to fossil fuel merchant generation, argues Maven Libera’s Mark Gemmola.
State agrees joint venture to meet renewable energy targets, with Dutch Infrastructure Fund reported to be in pole position to underwrite the scheme.
The fund had been targeting proceeds above £75m to partly finance its maiden deals Down Under. But a spokeswoman indidcated its top investors might have over-allocated in past share placings and may 'not yet be comfortable' with the fund's Australian investments, its first outside of the UK.
The $25m solar project, financed solely by private debt investment, is expected to be a seed asset for Impact Investment Group’s next solar fund.
The ‘new frontier in European onshore wind’ is also said to be backed by the world’s largest corporate PPA. The deal is the second recent investment by the former Green Investment Bank outside of the UK since Macquarie bought the vehicle earlier this year.
Former co-head promoted as firm raises its third energy fund. Brad Nordholm, who was also co-head, will become vice chairman.

Copyright PEI Media

Not for publication, email or dissemination