Envision Energy acquires Velocita assets in France
Envision Energy Ltd, has acquired 500 MW of onshore wind projects in France from Velocita Energy Developments, an independent European developer, owner and operator of wind and renewable energy projects.
At the time, as we reported in mid October, Velocita sold, two of its onshore wind projects in Scotland (UK) to NTR. The 35-MW Airies project in Dumfries and Galloway, Scotland, as well as the 11.5-MW Ardoch and Over Enoch wind farm.
The Airies project, which comprises fourteen GE 2.85MW 103 turbines, is expected to be commissioned at the end of this year; while the project in Kerry, comprising seven Nordex N90 2.5MW turbines, is expected to be operational in Q4 2017. The Ardoch and Over Enoch project, comprising five Siemens 2.3MW turbines, has been in operation since 2014.
We informed in May, that NTR and Envision Energy were set to acquire Velocita. Under the terms of the proposed deal NTR would acquire Velocita's assets in the UK, while Envision would purchase Velocita's assets in France.
Country news
-
-
December 27, 2016
Institutional investors in sale of stake UK gas distribution business
National Grid has announced that it has entered into an agreement to sell a 61% equity interest in its UK gas distribution business (NGGD) to a consortium of long-term infrastructure investors.
Read more -
December 27, 2016
Greencoat Capital launches solar fund and acquires projects
Greencoat Capital, a renewable investment management firm, has announced the launch of its first solar vehicle, Greencoat Solar I LP. Greencoat's assets under management are now over £1.5 billion (US$1.9 billion).
Read more -
December 23, 2016
Atlantis announces investment decision for Project Stroma – MeyGen Phase 1B
Atlantis has announced that Stroma Tidal Power Limited, the company’s wholly owned project company behind the next phase of the development at the MeyGen site, has confirmed its investment decision to proceed with the development, which is known as Project Stroma (MeyGen Phase 1B).
Read more -
December 23, 2016
AfDB approves US$50 million investment for Facility for Energy Inclusion (FEI) fund
The African Development Bank (AfDB) has announced it has approved a financing package of US$100 million, comprising US$50 million equity and US$50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.
Read more -
December 22, 2016
PiP Multi-Strategy Infrastructure Fund (MSIF) acquires wind project from Golden Square Energy
Pensions Infrastructure Platform, a dedicated infrastructure investment manager established by pension schemes, for pension schemes, to facilitate long term investment into UK infrastructure, has reached an important milestone in its development with the first equity investment by the PiP Multi-Strategy Infrastructure Fund.
Read more
