Gore Street secures GBP30.9m commitment for storage fund
The Gore Street Energy Storage Fund plc has secured GBP30.9 million (US$37.6 million) investment after the launched combined fundraising campaign.
The Fund raised GBP5.91 million (US$7.15 million) gross from an initial placing of 3.82 million ordinary shares and the sale of 2.68 million ordinary shares under an offer for subscription for GBP 0.91 (US$1.1) apiece. It has also secured investment from Ireland’s National Treasury Management Agency (NTMA) of GBP25 million (US$31.2 million) after it has subscribed for 1.62 million of ordinary shares. NEC Energy Solutions subscribed 1.1 million of ordinary stock.
Country updates
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August 05, 2019
Navantia starts construction of upper jackets for Moray East offshore wind project
Navantia, a state-owned shipbuilder coany in Spain, has started the construct 20 upper jackets for 950 MW Moray East offshore wind farm located in the North Sea, 22 km off the Aberdeens...
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August 05, 2019
Foresight closes refinancing of UK renewable portfolio
Foresight Solar Fund Limited, a fund investing in a diversified portfolio of ground-based solar PV assets in the UK and internationally, has completed the GBP245 million (US$305 million) debt refinanc...
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August 05, 2019
First Subsea to supply PMCs for 50 MW Kincardine floating offshore wind farm in Aberdeen Bay
First Subsea Ltd was selected by with Spanish developer and construction company Cobra Group to provide platform mooring connectors (PMCs) to the 50 MW Kincardine floating offshore wind...
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August 02, 2019
B&W starts operation of Glennmont's 40 MW biomass project in Wales
Babcock & Wilcox Vølund A/S has handed over the 40 MW wood-fired biomass project located in South Wales to Margam Green Energy Ltd, a special purpose vehicle owned by clean energy infr...
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August 02, 2019
Lostock EfW receives the approval to amend the power output
The Lostock energy-from-waste facility project located in Lockstine, Cheshire has received government approval for the proposed amendment of the power output of the 600,000 tonnes-per-year capaci...
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