Deals this week: SolarReserve, Kawasaki Heavy Industries, Boralex

21 September 2018 (Last Updated September 21st, 2018 12:58)

SolarReserve has signed a memorandum of understanding (MoU) with Heliostat for supplying mirror assemblies for the 150MW Aurora solar energy project being developed near Port Augusta in South Australia.

SolarReserve has signed a memorandum of understanding (MoU) with Heliostat for supplying mirror assemblies for the 150MW Aurora solar energy project being developed near Port Augusta in South Australia.

Heliostat will manufacture and supply more than 12,000 massive mirror assemblies to the Aurora project, as part of the transaction.

Based in the US, SolarReserve is engaged in developing utility-scale solarpower projects, while Heliostat is an Australia-based company engaged in manufacturing heliostats and heliostat components.

Kawasaki Heavy Industries has secured an order from Kashima South Joint Power Corporation (KSJPC) for the supply of a 100MW combined-cycle power plant (CCPP).

To be constructed in Kamisu City, Ibaraki, Japan, the CCPP will employ the L30A model 30MW high-efficiency class gas turbine.

Kawasaki Heavy Industries offers unique business solutions with innovative technologies to its customers, while KSJPC is the operator of the Kashima South Joint Power Station. Both are based in Japan.

Boralex has completed the acquisition of all the economic interests of Invenergy Renewables in five windfarms in Québec that have a net installed capacity of 201MW for C$215m ($164m).

The acquisition is expected to strengthen Boralex’s position in the Canadian renewable energy sector and is consistent with the company’s proven acquisition strategy.

"The net installed capacity of Boralex’s asset portfolio will increase by approximately 12% to 1.82GW."

The net installed capacity of Boralex’s asset portfolio will increase by approximately 12% to 1.82GW, in addition to extending its portfolio’s weighted average PPA term to 14 years.

Based in Canada, Boralex is engaged in the operation of renewable energy power facilities. Invenergy Renewables is a US-based company engaged in developing and operating large-scale renewable and other clean energy generation and storage facilities.

The European Bank for Reconstruction and Development (EBRD) is providing a financing package of up to $102m to Akfen Renewables for developing a 327MW portfolio of wind and solar farms.

Akfen Renewables’s portfolio includes four new windfarms and nine solar photovoltaic plants.

Financing is expected to support Akfen Renewables to achieve its target of installed capacity of 1GW in clean energy generation by 2020.

Based in Turkey, Akfen Renewables is engaged in electricity generation. EBRD is a UK-based international financial institution engaged in providing project finance for industries and businesses.