Ørsted, PKA and PFA have signed an agreement regarding the acquisition
Date
November 01, 2017
Type
M&A Transactions
Subtype
Imported M&A transactions
Countries
Kenya
UK (United Kingdom)
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Ørsted, PKA and PFA have signed an agreement regarding the acquisition. The total sales price comprises the acquisition of a 50% ownership share and the commitment to fund 50% of the payments under the EPC contract for the entire wind farm (including the transmission assets). The transaction is subject to approval by relevant competition authorities and is expected to be completed by Q4 2017. As a part of the transaction, PKA and PFA are expected to issue rated project bonds to a consortium consisting of blue chip institutions, including Aviva Investors, BlackRock Investment Management (UK) Limited, Legal & General Investment Management Real Assets and Macquarie Infrastructure Debt Investment Solutions. One of the tranches of the bond is guaranteed by EKF Denmark’s Export Credit Agency
List of the country updates
Country updates
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October 30, 2017
The project has been awarded a contract for difference (CfD) by the UK government at GBP 57.50 (USD 75.7/EUR 65.1) per MWh
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October 30, 2017
The project has been awarded a contract for difference (CfD) by the UK government at GBP 57.50 (USD 75.7/EUR 65.1) per MWh
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October 30, 2017
CIP refinances two biomass power plants in the UK
Copenhagen Infrastructure Partners (CIP) has completed the refinancing of its interest in two biomass power plants in the UK on behalf of the fund Copenhagen Infrastructure I K/S (CI I).
Read more -
October 27, 2017
Belgian government reaches a deal for the support of the project
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October 27, 2017
The Belgian government has agreed to subsidise the SeaStar and Mermaid projects, with both securing power purchase agreements at EUR79 per MWh
The Belgian government has agreed to subsidise the SeaStar and Mermaid projects, with both securing power purchase agreements at EUR79 per MWh. Both projects were awarded concessions in 2012, but the government was considering revoking these earlier this year due to the subsidies requested
