Deals this week: Greencoat UK Wind, CECEP Wind-Power, Energy Capital Partners

3 November 2017 (Last Updated November 3rd, 2017 10:06)

Greencoat UK Wind has acquired an 80% stake in five onshore windfarms from EDF Energy Renewables for £98m ($129.71m).

Greencoat UK Wind has acquired an 80% stake in five onshore windfarms from EDF Energy Renewables for £98m ($129.71m).

Located in the UK, the farms have a combined installed capacity of 96.4MW.

CECEP Wind-Power Corporation has agreed to invest CNY5.8bn ($872.22m) for the construction and development of the 300MW Nanpeng offshore windfarm situated in the Guangdong Province.

CECEP Wind-Power is engaged in renewable generation.

Energy Capital Partners has reached an agreement with Engie and Japanese company Mitsui to acquire three thermal power generation assets in the UK for £205m ($270.04m).

Energy Capital Partners will acquire Engie’s 75% stake and Mitsui’s 25% stake in the power plants, which have a combined capacity of 1,841MW.

Engie is an electric utility company, while Mitsui is a trading and investment company.

Canadian Solar Infrastructure Fund (CISF) has acquired 13 solarpower projects in Japan from the affiliates of Canadian Solar for CNY30.4bn ($267.82m).

The projects have a combined installation capacity of 72.7MW.

Canadian Solar Asset Management will act as asset manager to CSIF, while Canadian Solar O&M Japan will provide operation and maintenance services. Both the companies are wholly-owned subsidiaries of Canadian Solar.

"Energy Capital Partners has reached an agreement with Engie and Japanese company Mitsui to acquire three thermal power generation assets in the UK."

SIGDA OOD has reached an agreement with CEZ Group to acquire the 1,260MW Bulgarian thermal power plant.

The plant’s operations ceased on 1 January 2015.

CEZ Group is a power generation, transmission, and distribution company based in the Czech Republic.

Algonquin Power & Utilities (APUC) has agreed to raise C$500.85m ($388.61m) in gross proceeds through a public offering of 37.8 million common shares priced at C$13.25 ($11.85) a share.

The company has also granted the underwriters an option to purchase up to an additional 5.67 million common shares exercisable within 30 days from the offering closure. If exercised, this will increase the gross proceeds to C$576m ($447.68m).

APUC will use the proceeds raised to finance the acquisition of Abengoa’s 25% stake in Atlantica Yield, and for general corporate purposes.

Scatec Solar has raised Nkr750m ($91.95m) in gross proceeds from a private placement of senior unsecured green bonds due in November 2021.

The solarpower generation company has engaged Nordea Bank and Swedbank Norge as joint lead managers for the transaction, while ABN AMRO Bank has been engaged as the co-manager.

Part of the proceeds from the transaction will be used to refinance the company’s outstanding bond maturing in November 2018.

The remaining funds will be used for activities as defined in its green bond framework.