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Natixis Asset Management’s Mirova and RIVE Private Investment have acquired the wind project. Nordex will supply the turbines and service the wind farm for 20 years. It expects to install the turbines by summer 2018
List of the country updates
Country updates
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May 02, 2018
It has emerged that ReNew Power is acquiring IEL
It has emerged that ReNew Power is acquiring IEL. The acquisition is expected to be completed in 60-90 days. The proceeds will be used to repay some of IEL’s debt
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May 02, 2018
Due to the current volatility of capital markets, TerraForm Power is considering changing how it will finance the acquisition
Due to the current volatility of capital markets, TerraForm Power is considering changing how it will finance the acquisition. The company may now use up to US$650 million of equity, around US$350 million in non-recourse debt raised from its unencumbered assets, and about US$200 million of cash released from Saeta’s balance sheet
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May 02, 2018
Vestas has been commissioned to provide wind turbines for the project
Vestas has been commissioned to provide wind turbines for the project. The contract signed also entails a five-year AOM5000 service contract. The company will deliver the machines in the second quarte...
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May 02, 2018
SIMEC ZEN Energy, a subsidiary of GFG Alliance, has signed a 15-year power purchase agreement (PPA) for most of the output from the project
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May 02, 2018
MidAmerican has announced that it intends to start building the wind park in June 2018
