Proximocast: Industry news

10 September - Germany's first corporate PPA for offshore wind

In the news:
Asian Infrastructure Investment Bank (AIIB) and asset manager Amundi have launched a $500 million Asia Climate Bond Portfolio.
DIF Capital Partners has signed an agreement with German companies Enercon and eab New Energy to acquire 100% of the 50MW Cerro Grande wind farm located in eastern Uruguay. 
German railway company Deutsche Bahn (DB) through its subsidiary DB Energie GmbH has signed a 5-year PPA for 25MW of capacity from Innogy's 295MW Nordsee Ost offshore wind farm. 

09 September - Natural Forces joins with St John Energy on 42MW Burchill wind project

Natural Forces has been selected as Saint John Energy's partner for the C$60 million ($45 million) Burchill Wind Energy Project in the Canadian province of New Brunswick.
Struggling Indian wind-turbine maker Suzlon Energy has withdrawn its offer to repay Rs8,500 crore to lenders after its backer withdrew support for the debt-resolution plan.
Pure Gold Mining, having secured the finance to develop its Madsen Red Lake gold project in Ontario, has started to secure contractors to build the mine

05 September - ProInversion adds new private sector projects to its PPP portfolio

In today's news:
Peruvian private investment promotion agency ProInversion, has added three new private sector projects to its 51 project PPP portfolio for 2019-2022
French telecom operator Iliad and infrastructure investor InfraVia have announced a joint venture that will acquire, operate and build 1 million fibre connections in lower density areas of France.
China Everbright International Limited has secured two 30-year waste-to-energy PPP concessions on mainland China requiring a combined investment of RMB1.725 billion ($240 million).
France's Ministry for the Ecological and Inclusive Transition has announced its plans to tender over 2GW of solar capacity next year.

04 September - ACWA has banks lined up for debut PIF partnership

In the news:
ACWA Power is said to have lenders lined up to back its bilateral partnership with Saudi’s Public Investment Fund (PIF) for the first $1.6 billion 2GW stage of PIF’s share of the kingdom’s 2030 renewables procurement program.
France's Ministry for the Ecological and Inclusive Transition has announced its plans to tender over 2GW of solar capacity next year.
Texan wind developer Tri Global Energy has sold its Changing Winds Renewable Energy Project to Invenergy. 

03 September - Three prequalify for Los Angeles Street Civic Building project

In the news:
The City of Los Angeles Bureau of Engineering has shortlisted three respondents for the project to design, build, finance, operate, and maintain the Los Angeles Street Civic Building under a  public-private partnership.
The Maryland county of Montgomery has issued a request for energy proposals for its Brookville Maintenance Facility Smart Energy Depot project.
The Asian Development Bank has approved a $13 million grant to help provide people in the Kiribati island of South Tarawa with better access to a safe, reliable, and climate-resilient water supply. 

30 August - Legal & General provides £57.5mn of debt to recapitalise Hermes solar portfolio

In today's news:
Sponsors of the Ruta del Cacao highway project in Columbia – Cintra, Ferrovial, Colpatria and Ashmore – are expected to sell down a 30% interest in the scheme to infrastructure investor John Laing Group for around $75 million.
Legal & General has provided £57.5 million of debt to support the recapitalisation of two Hermes Infrastructure solar portfolios in England and Wales.
The UK's Crown Estate has completed the plan level Habitats Regulations Assessment (HRA) for the 2017 project extension applications.
BayWa r.e. and Norwegian energy company Statkraft have signed a 12-year power purchase agreement for the 50MW Don Rodrigo 2 solar project near Seville, in the south of Spain.
The Tilt Renewables (TLT) Board has approved the investment in the 133MW Waipipi wind farm located between Patea and Waverley in South Taranaki on New Zealand's North Island.

29 August - Vantage Data Centers raises USD 548mn in securitized notes

In today's news:
Canadian Solar has secured BRL487 million ($120 million) of non-recourse project financing from Banco do Nordeste do Brasil (BNB) for its 114MW Francisco Sa and 112MW Jaiba solar power projects.
Blackstone Infrastructure Partners along with its partners and affiliates has issued a nonbinding preliminary proposal to acquire the remaining shares in Tallgrass Energy it does not already own.
Brazilian conglomerate Odebrecht SA , which has been in bankruptcy protection since June, has filed a plan with the court proposing to give creditors the rights to receive proceeds of asset sales and future profits of the companies controlled by the conglomerate.
North American wholesale data centre provider Vantage Data Centers has raised $548 million in new securitized notes, rated “A-” by Standard & Poor’s.

28 August - ING, EIB make €400m available for sustainable investments by businesses

In the news:
ING and the European Investment Bank are making €400 million available for investments by business enterprises in the Netherlands, Belgium and Luxembourg.
The University of Arizona has reached a 20-year agreement with Tucson Electric Power (TEP) for renewable capacity from a wind farm and a solar-plus-storage project.
Conti International has withdrawn from the Anaklia Development Consortium (ADC) that is developing a deep sea port project on the Black Sea in Georgia, according to local media sources.