Banco Santander funds GBP100mn for NextEnergy's UK solar projects
Banco Santander SA has provided debt financing that amounts to GBP100 million (US$122.6 million) to two solar projects of NextEnergy Capital Ltd.
The non-recourse debt financing will support the development of the 75 MW Llanwern solar photovoltaic plant in South Wales and the 40 MW Strensham solar photovoltaic facility in Worcestershire, UK. The two projects will have a combined generating capacity of 115 MW and would require up to GBP60 million for the construction.
The projects will not rely on subsidies from the government. The construction of the projects is expected to be completed by the fourth quarter of 2020.
Country updates
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May 21, 2020
Global Renewable Power III secures investment from Swansea and North East Scotland Pension Funds
The City and County of Swansea Pension Fund and North East Scotland Pension Fund have invested in the Global Renewable Power III (GRP III), a renewable energy fund launched by BlackRock. The Cit...
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May 21, 2020
Rovco Purchases Seaeye Leopard Work-Class ROV, expanding their service offering to customers
Rovco, one of the offshore energy industry’s leading providers of ROV and hydrographic services, coupled with artificial intelligence-based technology, have recently purchased a S...
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May 20, 2020
450 MW Neart na Gaoithe offshore wind project off the coast of Fife set to resume construction
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May 15, 2020
NextEnergy Solar Fund offloads two UK solar assets
NextEnergy Solar Fund Limited (NESF) has agreed to sell two subsidy-free solar assets under development with a capacity of 115 MW for a combined total consideration of GBP11.5 million (US$14 million)...
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May 14, 2020
Equinor to build O&M base at the Port of Tyne for Dogger Bank Wind Farm project
Equinor and SSE Renewables, the two companies behind the world’s biggest offshore wind farm Dogger Bank, have disclosed plans to build a new Operations and Maintenance (O&M) Base at the Port...
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