Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) and Sabeen Group represented by “Sabeen Investment” have signed a land usufruct agreement to build a commercial entertainment center in the Special Economic Zone at Duqm (SEZAD) over an area of 10,500 sqm. The commercial entertainment center will be built with an investment of […]
Mineração Vale Verde (MVV) has secured debt financing of $140 million for the development of its Serrote copper-gold project in Alagoas, Brazil. The Brazilian miner is a portfolio company of Appian Capital Advisory, a British investment advisor. The debt financing will be provided by ING Capital, Natixis (New York branch), and Societe Generale. Mineração Vale […]
Nexans has secured an engineering, procurement, construction and installation (EPCI) contract for the Hadselfjord cable project worth over €18 million from Norway’s national transmission and systems operator (TSO) Statnett. As per the contract, the French fiber optic cable manufacturer will supply and install a new high-voltage subsea power link, that will cross Hadselfjord in the […]
Hamburger fast food chain Burger King has signed an agreement with Energias de Portugal (EDP), a Portuguese electric utility, for the installation of photo-voltaic panels in nearly 300 of its restaurants in Spain. The agreement enables the US fast food giant to generate and consume renewable energy in its facilities. The partnership with the Portuguese […]
Eldorado Gold, in late January 2021, signed a cash and stock deal worth CAD 132 million ($104.1 million) to take full ownership in Canadian junior exploration company QMX Gold by acquiring the 83% stake it previously didn’t own. As per the terms of the transaction, QMX Gold shareholders will receive CAD 0.075 ($0.059) in cash […]
Siemens Gamesa, in mid-January 2021, secured a turbine supply contract from Engie for 434MW Santo Agostinho wind farm in Brazil. The wind farm to be built in north-east Rio Grande do Norte will be equipped with 70 SG 5.8-170 turbines, that are integrated with OptimaFlex technology to operate at 6.2MW. According to Siemens Gamesa, the […]
Ocean Wind farm New Jersey : GE Renewable Energy, in mid-Jan 2021, finalized the turbine contract for the 1.1GW Ocean Wind offshore wind project in southern New Jersey with Ørsted. As per the contract, the Ocean Wind offshore wind farm will be equipped with GE’s Haliade-X 12 MW wind turbine with an option to utilize […]
Boston Scientific, in late January 2021, signed an agreement to take full ownership of mobile cardiac health solutions and services provider Preventice Solutions in a deal that values 100% of the latter at up to $1.25 billion. The consideration includes $925 million in upfront cash payment and an additional payment of up to $300m based […]
AES’ subsidiary Indianapolis Power & Light (IPL) has agreed to acquire a 195MW solar power project to be built in Clinton County, Indianapolis. The acquisition will be completed once it receives approval from the Indiana Utility Regulatory Commission. Invenergy has been given the tasks of developing and managing the construction of the solar power plant, […]
Renewable Energy Systems (RES) announced that Hydro-Quebec has signed a 30-year power purchase agreement (PPA) to buy electricity produced by the 200MW Apuiat wind project in Québec, Canada from Parc éolien Apuiat. Concurrently, Parc éolien Apuiat is acquiring the wind farm from RES. Parc éolien Apuiat is a partnership formed by the Innu First Nation communities […]