Beatrice Offshore Windfarm special purpose vehicle (SPV) has announced that the European Investment Bank is providing a £525m ($761m) loan for development of the facility.

The SPV is formed by SSE (40%), SDIC Power (25%), and Copenhagen Infrastructure Partners (35%). Beatrice Offshore Windfarm has a capacity of 588MW and is situated in Moray Firth in the north-east Scotland, UK.

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It will be equipped with Siemens 7MW wind turbines and is expected to be commissioned in 2019, serving approximately 450,000 households.

Calpine Corporation has announced the offering of 5.25% senior secured notes for gross proceeds of $625m in a private placement. Expected to close in May, the offering is meant to repay loans incurred by the company.

Gibson Energy has announced an offering of 5.25% unsecured subordinated convertible debentures, due July 2021. The offer was made to repay its debts and fund its growth capital programme, which was announced for 2016 and 2017.

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The gross proceeds from the public offering are expected to be closed in June and will be approximately C$100m ($76.16m).
The debentures are priced at C$1bn ($761.5m), with interest payable on the 15 January and 15 July each year starting from January 2017.

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Veresen has announced that it has reached a definitive agreement with an unnamed party.

Veresen will sell its 33MW Glen Park hydro facility in Watertown in New York, US, for approximately $61m. The sale will include working capital, and closure of the transaction was made this year.

Canadian Solar has announced that Bayerische Landesbank (BayernLB) is providing £36.4m ($55.25m) non-recourse project finance for the development of the four plants in the UK, which have a combined capacity of 40.2MW.