Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
May 26, 2016

Deals this week: Beatrice Offshore Windfarm, Calpine Corporation, and Gibson Energy

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.

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.

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.

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.

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU