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June 29, 2017

Deals this week: Enel Green Power Hellas, Atlantis Resources, Brookfield Renewable Partners

Renewable energy company Enel Green Power Hellas plans to invest €300m ($337.32m) to develop the 154MW Kafireas windpower complex located in Greece’s Evia Island.

Renewable energy company Enel Green Power Hellas plans to invest €300m ($337.32m) to develop the 154MW Kafireas windpower complex located in Greece’s Evia Island.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

The Kafireas wind complex is expected to come online in 2019 and holds a 20-year power purchase agreement (PPA) with the Hellenic electricity market operator, LAGIE.

Through its wholly owned UK subsidiary, Atlantis Resources intends to raise minimum gross proceeds of £2m ($2.54m) and a maximum of £5m ($6.37m) in a public offering of 8% unsecured bonds due in 2022.

The company has employed Abundance Investment as the advisor for the offering.

Atlantis Resources specialises in the development of marine renewable energy projects and turbine systems.

Brookfield Renewable Partners plans to raise $151m through an issue of 4,943,000 LP units. Brookfield Asset Management and its related entities intend to subscribe to the offer, which is expected to close by 6 July.

"The Kafireas wind complex is expected to come online in 2019 and holds a 20-year power purchase agreement (PPA) with the Hellenic electricity market operator, LAGIE."

Net proceeds from the offering will be used to repay outstanding debts and for general corporate purposes.

Integrated energy company Reliance Industries plans to raise Rs250bn ($3.87bn) through a private placement of secured, unsecured redeemable, and non-convertible debentures.

The proceeds from the placement are intended to be used for meeting capital expenditures and for general corporate purposes.

Energy company TransCanada Corporation (TRP) intends to raise C$1bn ($763.3m) by issuing common shares under its at-the-market equity programme.

The company has engaged TD Securities, TD Securities (USA), BMO Nesbitt Burns, BMO Capital Markets, JP Morgan Securities Canada, and JP Morgan Securities as agents for the transaction.

The net proceeds from the offering will be used to clear the debts and/or to finance its long-term investment programme.

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Free Report
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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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