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February 1, 2019

Deals this week: EDF Renewables, Risen Energy, ESB Solar Energy

Risen Energy has secured project financing from the European Bank for Reconstruction and Redevelopment (EBRD) and the Green Climate Fund (GCF) for constructing and developing the 50MW solar power plant in Chulakkurgan, Kazakhstan.

Risen Energy has secured project financing from the European Bank for Reconstruction and Redevelopment (EBRD) and the Green Climate Fund (GCF) for constructing and developing the 50MW solar power plant in Chulakkurgan, Kazakhstan.

EBRD will provide a local currency loan of up to $40.4m in Kazakhstan Tenge, while GCF will provide up to $10m.

Based in China, Risen Energy is a global solar technology company, while EBRD is a financial body providing funds to projects and campaigns across sectors in the UK.

ESB Solar Energy has obtained project financing required for the construction and development of the 10MW Sumber solar power plant in Sumber Soum, Mongolia, from XacBank and the Green Climate Fund (GCF).

GCF has provided a long-term, concessional loan of $6.7m for the project, which is estimated to cost approximately $17.6m.

“GCF has provided a long-term, concessional loan of $6.7m for the project, which is estimated to cost approximately $17.6m.”

Based in Ireland, ESB Solar Energy is a global renewable energy company, while Green Climate Fund operates within the guidelines of the UN Framework Convention on Climate Change (UNFCCC), which helps developing countries to combat climate change.

Sonnedix has completed the acquisition of two Chilean photovoltaic (PV) portfolios from Imelsa and Canadian Solar.

The photovoltaic (PV) portfolios include PV projects, ranging from 3MW to 9MW, which are being developed under the PMGD Programme for distributed generation in Chile.

The Canadian Solar PV portfolio consists of two PMGD projects with a combined capacity of 18MW. The second portfolio, acquired from Imelsa, consists of 14MW PMGD projects.

Sonnidex is a global independent power producer, while Canadian Solar is a publicly traded company engaged in the manufacture of solar PV modules. Chile-based Imelsa develops energy generation projects.

New York State Energy Research and Development Authority (NYSERDA) has awarded the contract to develop the 212MW Morris Ridge Solar Project to EDF Renewables North America.

NYSERDA awarded the contract as part of  the 2018 Renewable Energy Standard Solicitation scheme.

EDF Renewables North America is a subsidiary of EDF Énergies Nouvelles, a French company engaged in renewable energy generation, while NYSERDA is a public-benefit corporation.

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