CPPIB to acquire 49% stake in 1.8 GW renewable projects for US$1.4 billion

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CPPIB to acquire 49% stake in 1.8 GW renewable projects for US$1.4 billion

Canada Pension Plan Investment Board (CPPIB) has signed agreements with Enbridge Inc. to acquire 49% of Enbridge’s interests in select North American onshore renewable power assets, as well as 49% of Enbridge’s interests in two German offshore wind projects for approximately CAD1.75 billion (US$1.36 billion).

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  • May 02, 2018

    Iberdrola, Innogy and Ørsted win over 1.35 GW in Germany's second offshore wind tender

    Germany’s Federal Network Agency (Bundesnetzagentur) has announced that six bids were submitted in response to its second offshore wind tender, which aimed to allocate 1,610 MW. The average price of the winning bids was EUR46.60 (US$56.06) per MWh, though some participants bid for projects without subsidies.

    Read more
  • May 02, 2018

    KGAL achieves US$150 million second close of Enhanced Sustainable Power Fund 4

    KGAL has announced the second closing of its Enhanced Sustainable Power Fund (ESPF) 4. Five European investors have committed EUR127 million (US$154.01 million) to the renewable energy fund, bringing the total equity raised to EUR382 million (US$463.24 million).

    Read more
  • April 06, 2018

    PNE WIND to issue US$60 million corporate bond

    PNE WIND AG plans to place a corporate bond in the amount of approximately EUR50 million (US$61.3 million). After the placement, the bond will be traded on the OTC market of the Frankfurt Stock Exchange.

    Read more
  • March 23, 2018

    E.ON and RWE announce asset swap deal with US$1.85 billion cash payment

    E.ON and RWE have announced an agreement regarding a far-reaching exchange of assets and interests, centred around E.ON's acquisition of RWE’s 76.8% stake in Innogy SE. The Supervisory Boards of both companies have approved the transaction.

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  • March 08, 2018

    CIP and DEW partner to develop geothermal projects in Germany

    Copenhagen Infrastructure Partners (CIP) has announced that it has entered into a partnership with German geothermal developer Deutsche ErdWärme (DEW) to develop a portfolio of geothermal energy projects in the upper Rhine valley of Germany, through its fund Copenhagen Infrastructure III K/S (CI III).

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