EDP secures financing for 399 MW wind projects in US
EDP Renováveis has secured US$400 million of institutional equity financing, from Citigroup Global Markets and an undisclosed financial institution, in exchange for an interest in the 200 MW Meadow Lake VI and 199 MW Prairie Queen.
The projects are located in the state of Indiana and Kansas respectively. Both projects have previously secured long-term sales agreements.
Under the agreement, funding of Meadow Lake VI project, which totals US$193.5 million, is already completed and Prairie Queen funding will be completed closer to the start of operations of such project, which is scheduled to occur in the first half of 2019.
Country updates
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December 20, 2018
Connecticut Regulators approve PPA for 200 MW offshore wind project
Connecticut’s Public Utilities Regulatory Authority approved Ørsted’s long-term power purchase agreement with Eversource and United Illuminating, two Connecticut utilities, for the...
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December 20, 2018
OGE Energy Corp plans to acquire two coal-fired projects in US
Oklahoma Gas & Electric, the utility subsidiary of OGE Energy Corp has announced that, pending regulatory approval, it will acquire two existing power plants to meet customers' energy nee...
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December 19, 2018
New Jersey Board rejects 25 MW offshore wind project application
The New Jersey Board of Public Utilities (NJBPU) has denied the petition of Nautilus Offshore Wind, LLC to install a 25 MW offshore wind demonstration project in state waters off the coast of Atlantic...
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December 18, 2018
Community Energy gets PPA approval for 70 MW solar PV project in Philadelphia
Clean energy developer Community Energy’s 70MW PPA has been approved to power government facilities in Philadelphia. The PV project, located in Adams County, Pennsylvania, will generate enough...
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December 18, 2018
Ecolab signs PPA for Clearway Energy Group's 419 MW wind project in US
Ecolab Inc., has signed an agreement to support Clearway Energy Group’s 419-megawatt (MW) wind farm, Mesquite Star, in Fisher County, Texas. Construction of the Mesquite Star wind farm is schedu...
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