THE FRIDAY NOTE Enel inks large PPA in Chile and more of the week’s top

Jul 10, 2015 16:01 CEST by Tsvetomira Tsanova

July 10 – This week Enel Green unveiled PPAs for 300 MW of renewables in Chile, SunEdison said it has agreed to buy 930 MW of Invenergy wind farms, and Petroleum Development Oman presented a 1,021-MW solar thermal project with GlassPoint Solar.

Other top news include a plan by Norway’s Scatec to build 300 MW of solar parks in Pakistan and two more offshore wind turbine contracts for Siemens.

ENEL GREEN, SUNEDISON GROW MORE

Enel Green Power SpA (BIT:EGPW) said Thursday it has struck a power purchase agreement (PPA) worth up to USD 3.5 billion (EUR 3.14bn) tied to solar, wind and geothermal projects in Chile. The Italian renewables company is about to install its first geothermal power plant in the country and has just initiated construction of the 160-MW Finis Terrae solar plant in Antofagasta and the 24-MW Los Buenos Aires wind farm in Los Angeles.

Earlier in the week it was announced that US renewables major SunEdison Inc (NYSE:SUNE) and its yieldco unit TerraForm Power have agreed to acquire 930 MW of wind farms in the US and Canada for USD 2 billion (EUR 1.8bn). The vendor is Invenergy LLC.

More details at: http://renewables.seenews.com/news/enel-green-inks-usd-3-5bn-renewables-ppa-in-chile-483508

and at: http://renewables.seenews.com/news/sunedison-terraform-agree-to-buy-930-mw-of-wind-from-invenergy-483177

SOLAR PLANS FOR PAKISTAN AND OMAN

Norway’s Scatec Solar ASA (OSL:SSO) said on Tuesday it has signed a pact with Nizam Energy to deploy 300 MW of solar photovoltaic (PV) capacity in Pakistan. The projects, representing an investment of some USD 600 million, will be built in two main stages.

The construction of a very different solar facility is to start in Oman this year, as announced on Wednesday. The Petroleum Development Oman (PDO) has selected US firm GlassPoint Solar Inc’s technology for a 1,021-MW project. The Miraah park will use large, curved mirrors to focus sunlight on a boiler tube containing water to produce steam for enhanced oil recovery (EOR).

More details at: http://renewables.seenews.com/news/scatec-nizam-plan-300-mw-of-solar-installations-in-pakistan-483365

and at: http://renewables.seenews.com/news/glasspoint-solar-to-build-1-gw-solar-thermal-facility-in-oman-483382

BIG OFFSHORE WIND FOR SIEMENS

Danish state-owned utility Dong Energy A/S has appointed Germany’s Siemens AG (ETR:SIE) as the preferred supplier of turbines for one more big offshore wind farm in UK waters — the 1,200-MW Hornsea Project One. The plan is for Siemens to deliver 171 pieces of its 7-MW turbines.

On Monday the German company also confirmed an order to supply 67 of its 6-MW direct drive wind turbines for the 402-MW Veja Mate project in the North Sea. Siemens expects to start installation of the turbines in March 2017.

More details at: http://renewables.seenews.com/news/dong-to-order-1-2-gw-of-siemens-turbines-for-hornsea-1-483009

and at: http://renewables.seenews.com/news/siemens-confirms-order-for-402-mw-veja-mate-offshore-wind-project-483090

GERMAN IPO PUT OFF DUE TO GREEK CRISIS

German solar and wind parks operator Chorus Clean Energy AG is postponing its planned up-to-EUR-125-million (USD 139.5m) initial public offering (IPO) in Frankfurt, due to the ongoing debt crisis in Greece and its impact on the global financial markets. The postponement is not expected to have a significant impact on the company’s positive business performance, it added.

More details at: http://renewables.seenews.com/news/chorus-postpones-up-to-eur-125m-ipo-due-to-greek-crisis-483581

(USD 1 = EUR 0.896)

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