EDP Renováveis established new institutional partnership structure for 328 MW in the US
EDP Renováveis, S.A. (EDPR), through its fully owned subsidiary EDP Renewables North America LLC, has secured US$342 million of institutional equity financing from two major financial institutions, in exchange for an interest in two wind facilities located in US.
The two facilities are the 250 MW Hidalgo wind farm project, located in the State of Texas (US), and the 78 MW Jericho Rise wind project, located in the State of New York (US). Both projects have previously secured long-term sales agreements.
Under the agreement, funding will take place close to the start of operations of both projects, which is scheduled for the fourth quarter of 2016.
The institutional partnership structure established enables an efficient utilization of the fiscal benefits generated by the project and improves the project’s economics.
Country news
-
-
October 04, 2016
Tenaska acquires 470-megawatt wind development portfolio
Tenaska has acquired a 470 MW wind development portfolio in the Upper Midwest (US). Read more -
October 04, 2016
SoCore Energy to acquire 22 Minnesota solar projects from SunEdison
SoCore Energy, a developer and operator of commercial and distributed solar generation and a subsidiary of Edison International, has announced that it has agreed to acquire equity interests in 22 community solar garden development projects in Minnesota (US) as part of the SunEdison bankruptcy proceedings, subject to certain conditions. Read more -
September 29, 2016
8point3 Energy Partners to acquire 49 percent stake in 102-MW Henrietta Solar Project
8point3 Energy Partners has announced that it has entered into an agreement to acquire SunPower Corp.s 49 percent stake in its 102 MW Henrietta solar project for US$134 million. Read more -
September 28, 2016
Canadian Solar subsidiary Recurrent Energy signs 100 MW solar power purchase agreement with MCE
Canadian Solar Inc. has announced a 15-year Power Purchase Agreement (PPA) for 100 MW of solar power in California (US) with MCE, California´s first operating Community Choice Aggregation program. Read more -
September 28, 2016
Falvez Energy completes financing with GE Energy Financial Services for 163 MW Texas Wind Farm
Falvez Energy has closed the financing of the Falvez Astra Wind Project in Texas (US), its first utility scale wind project. GE unit, GE Energy Financial Services, provided the construction financing, which will enable the construction of the 163 MW wind farm. Read more
