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IC Power Israel (ICPI) has entered into an agreement to acquire 95% of the shares of Zomet Energy Ltd. (Zomet) from Ipswich Holdings Netherlands B.V. (47.5%) and Rapac Energy Ltd. (47.5%). Zomet holds the rights to develop a natural gas fired power station at Plugot Junction, Israel with an estimated capacity of approximately 396 MW, in addition to land rights and statutory approvals. The project is expected to be funded through a combination of equity and project finance debt.
List of the country updates
Country updates
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April 03, 2017
Luxcara reaches close on Norwegian wind
LUXCARA, an asset manager for renewable energy investments in Europe, has reached Financial Close for the Egersund wind farm.
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April 03, 2017
European Investment Bank (EIB) will lend €350 million to finance the 1.4-GW NordLink subsea cable
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March 28, 2017
Scatec Solar completes NOK 380M private placement
Scatec Solar ASA has raised approximately NOK380 million (US$45 million) in gross proceeds through a private placement consisting of 9,380,000 new shares at a price of NOK40.50 (US$4.79) per share.&nb...
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March 27, 2017
Osaka Gas has entered into agreement with Competitive Power Ventures (CPV) and other owners for its acquisition of equity interest in the two projects
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March 24, 2017
Norwegian consortium to develop 900 MW portfolio
St1 Nordic Oy’s Norwegian subsidiary, St1 Norge AS, has signed a contract with a consortium consisting of Vindkraft Nord AS and Ny Energi AS to establish a company aiming to develop two wind par...
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