Encavis AG has concluded non-recourse project finance for two solar photovoltaic projects in Denmark: the 34 MWp Svinningegarden project in the northwestern part of Zealand and the 71 MWp Rodby Fjord project in Lolland, in the southwestern part of Zealand, Denmark.
European Energy sold the two solar projects to Encavis AG at the end of 2021. They generate electricity in accordance with 20-year power purchase agreements (PPAs).
Rabobank has issued a EUR32 million (US$31.3 million) loan that expires on June 30, 2040. The principal component of the financing consists of a term facility that is completely secured by an interest rate swap and a cross-currency swap for the whole loan duration.
Country updates
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October 17, 2022
RWE selects preferred suppliers for 1 GW offshore wind project off Thorsminde
RWE has selected preferred suppliers for the 1 GW Thor offshore wind project in Denmark. The company will construct the offshore scheme roughly 22 km west of Thorsminde on the west coast of Jutla...
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September 30, 2022
Ørsted, Energy Dome partner on 20 MW/200 MWh energy storage projects
Energy Dome and Orsted have signed an agreement to conduct a feasibility study on the implementation of a 20 MW/200 MWh energy storage project utilizing Energy Dome's CO2 Battery technology at one or...
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September 02, 2022
Final Close achieved for CI Energy Transition Fund I
Copenhagen Infrastructure Partners (CIP) has announced that it has achieved the final close for CI Energy Transition Fund I (CI ETF I). The fund was oversubscribed and closed at the hard cap...
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August 25, 2022
SEV secures fund for 70 MW pumped hydro storage project in Faroe Islands
SEV has signed a DKK250 million (US$33.4 million) loan agreement with Nordic Investment Bank (NIB) for the 70 MW Myruverkio II pumped hydroelectric storage project in Vestmanna, Faroe Islands, Denmark...
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August 10, 2022
PD&MS secures contract to support Vattenfall’s European operations
The Aberdeen-based PD&MS Group has signed an operations and maintenance (O&M) contract with Vattenfall to support the company's European offshore wind portfolio for three years. The financial...
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