Glennmont Partners Invests in Ørsted’s Offshore Wind Farm in Germany

Installation of an 8MW wind turbine at Ørsted’s Borkum Riffgrund 2 Ørsted has signed an agreement with Glennmont Partners, which will be acquiring a 50% ownership share in Ørsted’s 900 MW German offshore wind farm Borkum Riffgrund 3. The wind … Read More

Vineyard Wind Becomes First U.S. Commercial-Scale Offshore Wind Farm to Reach Financial Close

Vineyard Wind, a joint venture between Avangrid Renewables subsidiary and Copenhagen Infrastructure Partners (CIP), has achieved financial close for the company’s first project. Working with nine international and U.S.-based banks, $2.3 billion of senior debt has been raised to finance the … Read More

Denmark Seeking Renewable Energy Proposals

The Danish Energy Agency is calling for tenders for the technology-neutral tender in 2021, where solar cell systems, wind turbines, wave energy plants and hydropower plants can compete for support. The deadline for submitting bids is October 22, 2021. In … Read More

National Grid Eyes Growth in U.S. Renewable Energy Portfolio

Alexandra Lewis National Grid’s Emerald Energy Venture LLC joint venture has secured a $150 million portfolio revolving facility, with a feature that will allow an increase to $250 million beginning in mid 2022, to support the growth of its U.S. … Read More

Altius Renewable Royalties Announces Apex Clean Energy Investment

Altius Renewable Royalties Corp. (ARR) says its jointly controlled subsidiary, Great Bay Renewables LLC, has closed a follow-on royalty investment of $20 million with Apex Clean Energy related to Apex’s portfolio of wind, solar and energy storage development projects across … Read More

Leeward Renewable Energy Closes Green Bond Offering

Leeward Renewable Energy Operations LLC, a subsidiary of Leeward Renewable Energy LLC, has closed a $375 million green bond offering and $100 million revolving credit facility. Wells Fargo Bank is acting as administrative agent for the revolving credit facility that … Read More

Leeward Closes Financing for Aragonne Repower and Aragonne Mesa Wind Projects

Leeward Renewable Energy LLC has closed construction financing and secured tax equity commitments for the repowering of Leeward’s 90 MW Aragonne Wind project and the construction of the new 145 MW Aragonne Mesa Wind project. Wells Fargo served as coordination … Read More

IEA: Massive Investment in Developing Economies Needed to Reach Net-Zero

The world’s energy and climate future increasingly hinges on whether emerging and developing economies are able to successfully transition to cleaner energy systems, calling for a step-change in global efforts to mobilize and channel the massive surge in investment that … Read More

Joint Venture Partners with Mystic Aquarium to Expand Research Opportunities

Joint venture (JV) partners Ørsted and Eversource say they are giving a $1.25 million grant in support of Mystic Aquarium, one of Connecticut’s premier cultural and research institutions.  The grant will support innovative research that will improve the understanding of … Read More

IEA: Clean Energy Investment Rebounded but Needs to Rapidly Accelerate

Global investment in energy is set to rebound by nearly 10% in 2021 to $1.9 trillion, reversing most of last year’s drop caused by the COVID-19 pandemic, but spending on clean energy transitions needs to accelerate much more rapidly to … Read More