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Advanced Power seeks Eemsmond CCGT contracts

Developer Advanced Power is in the process of selecting counterparties for the EPC, feedstock and offtake contracts for its 1.2GW Eemsmond CCGT project in the Netherlands.

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Oglethorpe to buy two in Georgia from KGen

Oglethorpe Power has agreed to buy a 1,220MW combined cycle power plant portfolio in Georgia for $531 million

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ADB signs on China WindPower construction portfolio

The Asian Development Bank is providing a $240 million A/B loan to China WindPower to finance an 800MW wind portfolio.

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Terna closes PV refi ahead of Terra Firma acquisition

Terna has closed a Eu521 million ($705 million) refinancing of its Rete Rinnovabile PV plant portfolio.

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GDF/International Power combination closes

International Power and GDF Suez have closed the merger of GDF Suez Energy International with International Power.

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Enbridge buys two from First Solar

Canadian oil and gas operator Enbridge is paying roughly C$90 million to buy two Canadian solar projects from First Solar.

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SAICA closes EIB financing for two projects

Spanish paper maker Sociedad Anónima Industrias Celulosa Aragonesa (SAICA) has closed a Eu250 million ($340 million) loan

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NextEra closes private placement for Baldwin wind

NextEra Energy Resources closed a private placement through agent Barclays Capital for its operational 102.4MW Baldwin wind plant

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French government promises offshore tender by June

The French government has confirmed that a tender for 3GW of offshore wind power will be launched by June 2011

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Ram closes corporate bridge for San Jacinto funding

Geothermal developer Ram Power has closed a $12 million corporate bridge loan

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An Uch 2 signed

International Power (IP) signed $390 million of development bank funding for its 375MW, $480 million An Uch II gas-fired IPP project in Pakistan on January 21

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CPV mandates Sentinel CCGT

Competitive Power Ventures (CPV) has mandated BTMU to lead a $400 million-plus financing for its 800MW Sentinel gas-fired project in Riverside County, California

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ADB funds Himachal hydro

Asian Development Bank (ADB) has financed the third tranche of an $800 million credit to the Indian government for hydropower projects in Himachal Pradesh.

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US Ex-Im-backed bond for First Solar's Ontario pipeline

First Solar is set to use a bond guaranteed by US Ex-Im to finance its $450 million forthcoming solar portfolio

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Instrata and HSBC lose fund managers

Bahrain-based Instrata Capital and HSBC’s MENA Infrastructure fund have both recently lost managing directors.

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AES Sonel nears close on Kribi and Dibamba

AES Sonel is set to close before the middle of 2011 on the roughly $500 million Kribi and Dibamba power projects in Cameroon.

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Hezy Ram out at Ram Power

Hezy Ram has resigned as president and chief executive officer of Ram Power, the company he founded

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AfDB approves ContourGlobal's Kivuwatt

The African Development Bank has approved a $25 million loan to ContourGlobal's KivuWatt

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GE to take majority of equity on Finavera's Wildmare wind

GE Energy Financial Services and Finavera agreed indicative terms for GE to make an equity investment in Finavera’s C$200 million ($202.2 million) Wildmare

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GDF Suez-IP reshuffle Middle East business

GDF Suez and International Power have reorganised their combined Middle East and Africa businesses following GDF Suez’s 70% takeover of IP.

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