WIND

Friday 3rd January 2014

ADAM BARBER

January 3, 2014

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Marubeni sells 24.95% Gunfleet stake to DBJ

Marubeni, the Japanese trading company, has sold half its 49.9% stake in the 172MW Gunfleet Sands wind farm to The Development Bank of Japan (DBJ).

Each side will now hold 24.95% of the first and second phases of the project, while DONG Energy will remain Gunfleet Sands’ majority stakeholder and will continue to run the wind farm.

DBJ said that the new partnership provides it with an important opportunity to invest in more renewable energy projects both domestically, and overseas.

Pattern Energy acquires to US farms for $202m

Pattern Energy Group has increased its North American wind portfolio to 1,255MW, following the acquisition of 2 wind farms for $202m in cash.

The acquisitions from its majority shareholder, Pattern Development, add a further 214MW to the portfolio and sit in line with its annual growth plan.

Grand Renewable is a 149 MW project located in Haldimand County, Ontario that is being built with 67 Siemens 2.3 MW turbines and will come online in Q4 2014.

The second site, Panhandle 2, is a 182 MW project, that is under construction in Texas, consisting of 79 Siemens 2.3 MW turbines. Construction completion is scheduled for Q4 2014.

Jordan’s first farm achieves financial close

Jordan Wind Power Company (JWPC), the country’s first wind energy project, has secured $290m in financing and will be fully operation in 2015.

The 117MW Tafila project secured financing from International Finance Corporation (IFC), the European Investment Bank, Eksport Kredit Fonden, OPEC Fund for International Development, FMO, Europe Arab Bank and the Capital Bank of Jordan.

IFC, the lead arranger on the project, in a separate statement said the debt package was $221 million. The rest was equity from the partners.

Gamesa signs 450MW US deal with EDPR

Spanish manufacturing giant, Gamesa, has signed a framework agreement with EDP Renovaveis (EDPR) for the supply of up to 450 MW through 2016 in the US.

Under terms of the agreement, Gamesa will supply up to 225 of Gamesa G114-2.0 MW wind turbine generators in wid projects that the EDP Renovaveis (EDPR) plans to build in North America.

While Gamesa and EDPR previously collaborated on the 400-MW Lone Star Wind Farm complex in Texas, this latest deal represents the largest contract for Gamesa’s G114-2.0 MW turbines to date.

Uruguan developer confirms 39MW Vestas order

Vengano SA, a Uruguayan developer, has confirmed a 39MW order for 13 Vestas V112-3.0 MW turbines for use at the extension of the Carape wind farm.

The turbines are due for delivery from the third quarter of 2014 and commissioned by the first quarter of 2015.

Separately, Vestas has received a firm and unconditional order for 55 V100-2.0MW turbines in the USA. This is a supply only contract and the customer project details and its location have not yet been disclosed.

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