IFM, Elia and KfW close sale of 20% stake in Eurogrid
Elia System Operator has announced the closing of transactions with IFM Global Infrastructure Fund and the German state-owned bank Kreditanstalt für Wiederaufbau (KfW) regarding a 20% stake in Eurogrid International.
With the close of these transactions, KfW, on behalf of the German Federal Government, replaces IFM as shareholder in Eurogrid, the holding company of the German transmission system operator 50Hertz Transmission GmbH.
IFM originally agreed in May 2018 to sell the stake to State Grid Corporation of China (SGCC), however Elia decided to exercise its pre-emption right and acquire the stake itself, before selling it on to KfW at the same price. Elia owns the remaining 80% stake in Eurogrid.
Country updates
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August 22, 2018
First of the two tubines installed at 9 MW German wind project
The first of two N149/4.0-4.5 turbines with a nominal output of 4.5 megawatt was installed at the Wennerstorf II wind farm located roughly 30 kilometres south of Hamburg. Originally, the Wennerstorf...
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August 21, 2018
670 MW onshore wind capacity awarded in Germany
Germany's Federal Network Agency (Bundesnetzagentur) has announced that it has awarded 670 MW capacity to developers that participated in the country's third onshore wind tender.
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August 17, 2018
Perl-Potsdamer Platz wind farm connects to the grid
18 MW Perl-Potsdamer Platz wind farm in Saarland state, Germany is now connected to the grid. The new facility is expected to produce approximately 54 million kWh electricity per year, which is e...
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August 16, 2018
Wpd completes sale of the Grebbin wind project to Stadtwerke Heidenheim
Wpd AG has sold seven Enercon E-82 wind turbines, each with a hub height of 108 meters and a nominal output of 16.1 megawatts, to Stadtwerke Heidenheim AG. Five plants have been in operation sinc...
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August 14, 2018
EIB supports the development of the 1.4-GW NordLink subsea project
As a way to support the development of the 1.4-GW NordLink subsea cable project, the first interconnection between Germany and Norway, the European Investment Bank (EIB) has invested €7100 m...
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