EDPR secures tax equity for 277 MW wind projects in the USA
EDP Renováveis, S.A. (EDPR), through its fully owned subsidiary EDP Renewables North America LLC, has secured US$267.5 million of institutional equity financing from a leading financial institution in exchange for an interest in the 78 MW Arkwright and 199 MW Turtle Creek wind farms.
The projects are located in the state of New York and Iowa, respectively, and comprised of 36 and 58 turbines. Both have previously secured long-term sales agreements.
The agreement completes funding of the Arkwright project, which totals US$74.2 million. Turtle Creek funding will be completed closer to the start of operations of the project, which is scheduled to occur before the end of 2018.
Country updates
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September 18, 2018
New Jersey Board approves USA's largest offshore wind tender to date
The New Jersey Board of Public Utilities has unanimously approved opening a solicitation for 1,100 MW of offshore wind capacity. This is largest single-state solicitation of offshore wi...
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September 18, 2018
Conti Solar to construct 21.3 MW solar project in Rhode Island
Conti Solar has announced that it is providing full turnkey EPC services for the largest solar installation to date in Rhode Island, a state in the New England region of the USA. Developed by Souther...
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September 18, 2018
Argo Infrastructure Partners agrees to acquire 660 MW transmission project from Starwood Energy and Ares Management/EIF Group
Ares EIF, the power and infrastructure strategy at Ares Management, and Starwood Energy Group Global have signed an agreement to sell their respective stakes in Hudson Transmission Par...
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September 14, 2018
Helios Infrastructure Fund signs framework agreement for solar acquisition from Cypress Creek Renewables
Sol Systems and Nationwide Insurance have announced that their Helios infrastructure joint-venture has executed a framework agreement to purchase a 135 MW portfolio of solar projects located in N...
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September 14, 2018
Advanced Power selects GE turbines for gas-fired power plant in Ohio
Advanced Power and GE Power have announced that South Field Energy, a 1,182 MW natural gas power plant to be built in Columbiana County, Ohio, USA, will be powered by two of GE’s industry leadin...
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