ROUND-UP: Reden refinances Spain & Portugal assets, 18MW landfill project in US & more

Facebook
Twitter
LinkedIn
Reddit
Email
The 18MW Building Energy landfill project is expected to produce about 24GWh of electricity annually. Image: Building Energy

Building Energy completes largest landfill PV project in US

Sept. 11: Building Energy and Building Energy Holding US, through its renewable energy subsidiary Annapolis Solar Park, have inaugurated the largest PV project built on a landfill in the US.

Built by EDF Renewables, the 18MW project is located on a closed landfill in the City of Annapolis, in Maryland. The installation is expected to produce about 24GWh of electricity annually.

The investment for the construction of the PV project, which was completed in June 2018, was around US$36 million.

Reden Solar refinances Spanish and Portuguese PV assets

Sept. 11: French IPP Reden Solar has completed its US$117 million refinancing of its Portuguese and Spanish assets.

This refinancing is comprised of a 14-year non-recourse financing set up by Natixis S.A. Sucursal en España, along with 13 loans contracted by five banks. In total, the refinancing involves a PV pipeline across two counties with 50 solar installations.

Thierry Carcel, president of the REDEN Solar Group, said: “This refinancing operation was largely facilitated by the international reach of the Natixis Group, which enabled them to coordinate teams in three different countries and deal with the broad scope and complexity of the operation.

“This refinancing not only greatly simplifies the debt structure of our assets, but also improves our economic conditions, and allows us to generate a significant cash surplus. This, in turn, will enable us to continue to invest in the development and acquisition of new plants in the Iberian Peninsula, in Latin America, as well as in France, where we remain very active “.

Argentina inaugurates two PV projects

Sept. 11: Javier Iguacel, Argentina’s Minister of Energy, inaugurated a pair of PV projects in the province of San Luis that will have a combined generation capacity of 46.75MW.

Now operational, the Caldenes del Oeste Solar Park and the  La Cumbre Solar Park will generate enough energy to reach the equivalent to the electrical requirement of more than 30,000 homes.

The 24.75MW Caldenes del Oeste Solar Park features 92,394 BYD solar panels, while the 22MW La Cumbre Solar Park is comprised of 54,720 JinkoSolar PV panels.

4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

August 11, 2022
US solar tracker supplier Array Technologies has bounced back from a difficult 2021 by posting strong Q2 2022 financial results mainly due to its acquisition of STI Norland, while upcoming tailwinds could buoy its performance further still moving through the year.
August 10, 2022
Iberdrola has commissioned the 590MW 'Francisco Pizarro' PV project in Extremadura Southwestern Spain, which is Europe’s largest solar plant.
August 10, 2022
OMERS Private Equity has acquired a minority stake in the Arizona-headquartered solar operations & maintenance (O&M) provider NovaSource Power Services.
August 10, 2022
US solar tracker manufacturer FTC Solar has cut its net losses compared with last quarter and Q2 2021 but has seen its revenue collapse, blaming a hostile solar environment in the US that has seen project delays and cancellations, which it said it now hoped was coming to an end.
August 9, 2022
The Public Service Commission of the District of Columbia (DCPSC) has approved a 15-year power purchase agreement (PPA) with renewables developer Invenergy for 73MW of solar power to meet a 5% renewables target for district’s default electricity supply.
August 8, 2022
The Inflation Reduction Act (IRA), which includes US$369 billion in energy security and climate change programmes over the next ten years, passed in the US Senate on Sunday, paving the way for its movement to the House of Representatives and subsequent signing by President Joe Biden.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event