Atlas Renewable Energy has completed long-term financing for three of its solar energy plants in Brazil for a total amount of US$152 million. This financing was achieved through Banco do Nordeste (BNB), backed by an equivalent sum of commercial bank guarantees from BTG Pactual, Banco ABC Brasil, and Banco Bradesco.
Microsoft Corp. and Invenergy have signed off on a partnership to develop a 74MW PV project in North Carolina. Once completed, the installation will provide clean energy to Microsoft, along with economic investment and jobs for Beaufort County within the state.
Hawaiian Electric Companies reached a consolidated 27% renewable portfolio standard in 2018, even after the state’s Hawaii Island lost its geothermal resources for most of the year as a result of the Kilauea volcanic eruption.
RP Global, an independent renewable energy developer and majority shareholder of JUMEME Rural Power Supply has commenced construction on the first phase of a solar-hybrid mini-grid project in Tanzania.
The Alberta Investment Management Corporation (AIMCo) has completed the acquisition of over 90% ownership in Eolia Renovables de Inversiones through funds managed by Oaktree Capital Management. Financial terms of the transaction were not disclosed.
New Southern Energy has completed the first floating PV project located in South Africa, with the installation operating at a dam next to a fruit farm just outside of Franschhoek in the country’s Western Cape province.
Global investment firm KKR has signed off on a definitive agreement with NextEra Energy Partners (NEP) to acquire an equity interest in a newly-formed partnership with NEP, which currently holds a portfolio of ten utility scale wind and solar projects across the US with a combined generation capacity of 1.1GW.
Dubai Electricity and Water Authority (DEWA) has launched a project to install PV panels in 10% of the homes of UAE nationals within Dubai and connect them to its grid.
KfW IPEX-Bank is financing the construction and operation of the 123MW Granja PV park, located in Chile's Atacama Desert. The total investment in the project will stand at approximately US$114 million, with KfW IPEX-Bank providing a long-term loan of up to US$91 million and the related interest hedging.
