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Fred Olsen Renewables has decided not to proceed with the development of the Hearthstanes Onshore Wind Farm in the Scottish Borders. The project, which was proposed in 2023, involved the installation of 8 turbines with a blade tip height of 200m. The company cited the challenging and complex wind resource as the reason for abandoning the project. Despite this setback, Fred Olsen Renewables is continuing with other projects in the Scottish Borders, including the Lees Hill Renewable Energy Park, Scawd Law Wind Farm, and Crystal Rig Wind Farm IV. [Extracted from the article]

Microsoft has entered into a 15-year power purchase agreement with RWE to buy power from two onshore wind farms in Texas. The wind farms, Peyton Creek II and Lane City, have a combined capacity of 446MW. Construction of the projects is being carried out by Vestas North America, Wanzek Construction, and RES. Once completed, these projects will increase RWE's renewable energy portfolio in Texas to 4.8GW. RWE also recently announced the acquisition of a 599MW solar and battery storage portfolio from Galehead Development. [Extracted from the article]

TransAlta, a Canadian power producer, has cancelled a wind farm project and put three other power projects on hold due to regulatory uncertainty in Alberta. The cancelled project, Riplinger, was affected by new rules that imposed a buffer zone around protected areas. TransAlta also provided updates on other projects, including the completion of a wind facility and the signing of tax credit transfer agreements for wind projects in Oklahoma. [Extracted from the article]

Ripple Energy, a UK renewable developer, has purchased the Whitelaw Brae wind project in Scotland from BayWa r.e. The project, located in the Scottish Borders, will feature 14 Vestas turbines and is expected to produce 145GW per year, enough to power 50,000 homes and save 78,323 tonnes of CO2. Under Ripple's ownership, the project will be publicly owned and aims to become the largest people-owned renewable project in the country. Construction is set to begin in early 2025, with power generation starting in 2026-2027. Ripple also owns other renewable projects, including a solar park in Devon and wind farms in Ayrshire and south Wales. [Extracted from the article]

The Government of Cape Verde has signed a $53 million contract with Cabeólica, a domestic wind power owner and operator, for the expansion of its wind farms and the addition of battery energy storage solutions (BESS) assets in Santiago and Sal. The project aims to increase renewable energy penetration in Cape Verde's energy mix to 30% by 2025, with an increase in wind capacity from 9MW to 22MW and BESS to 9MW in Santiago and 6MW in Sal. The project is being financed by the African Development Bank, Africa Finance Corporation, and the European Investment Bank. The wind farm expansion is set to begin in July 2024. [Extracted from the article]

Enlight Renewable Energy has secured a €91.4 million loan for its second onshore wind farm in Serbia. The loan was provided to Enlight K2-Wind, a company majority-owned by Enlight. The lenders on the project are the European Bank for Reconstruction and Development (EBRD) and Erste Group Bank. The wind farm, called Pupin, will be built near the Kovacica wind farm, which is also owned by Enlight. The total cost of the project is €163.6 million, and it is expected to be commissioned later this year. The Serbian government plans to award another 300MW of wind capacity in upcoming auctions. [Extracted from the article]

Avangrid, a renewable energy company owned by Spanish energy giant Iberdrola, is preparing to construct its first renewable energy project in Oklahoma. The Pontotoc Wind project will consist of 33 turbines and have a capacity of 147.5MW, enough to power 40,000 homes. Avangrid has worked closely with the US Air Force to carefully select the project site. With over 8.6GW of installed renewable capacity, Avangrid is the third-largest renewable energy operator in the US and will expand its presence to 25 states with this project. The company has two primary lines of business: Avangrid Networks, which operates electric and gas utilities, and Avangrid Renewables, which owns and operates renewable energy generation facilities across the US. [Extracted from the article]

Potengi Holdings, a joint venture between AES Brasil and BRF, is planning to issue R$300 million ($60m) in bonds for wind projects in Brazil. The bonds, which are guaranteed by both AES Brasil and BRF, have been rated AA(bra) by Fitch Ratings and will yield 7.37%. The proceeds from the bond issuance will be used to refinance several wind farms within the 1.3GW Cajuina wind complex in the state of Rio Grande do Norte. AES and BRF previously agreed to develop 165MW of the complex together, with BRF purchasing 80MW of power under a 15-year agreement. The coordinators for the bond issuance are UBS BB and XP. [Extracted from the article]

Serena, formerly known as Omega Energia, has secured financing from Sudene's Northeast Development Fund (FDNE) for its Assuruá 5 wind project in Brazil. The FDNE has released an initial installment of R$83.8 million ($17 million) out of the total R$123 million it will contribute to the R$208 million project. The funds will be used for the Assuruá 5 VI project, which has an installed capacity of 34.8MW and is part of the larger Assuruá 5 wind complex in Bahia. Serena acquired full ownership of the complex in 2022 and currently operates over 2,400MW of renewable capacity in Brazil. They have also recently expanded into the US renewables market with a wind farm in Texas. [Extracted from the article]

Ørsted, a Danish developer, has made a final investment decision to build a 43.2MW onshore wind farm in Tipperary, Ireland. The Farranrory Onshore Wind Farm will consist of 9 turbines and is expected to be operational by summer 2026. This project was awarded under Ireland's Renewable Electricity Support Scheme 3 (RESS 3) auction, with an average strike price of €100.47 ($109.39) per MWh. Once completed, the wind farm will increase Ørsted's operational portfolio in Ireland to 500MW and generate enough green electricity to power 25,000 homes. Additionally, Ørsted has also started construction on an 81MW solar farm in Carlow, Ireland. [Extracted from the article]

Alternergy Holdings has been given certificates of award by the Department of Energy (DOE) in the Philippines for the development of two wind farms. The Tanay wind farm will have a capacity of 99.2MW, while the Alabat wind farm will have a capacity of 64.8MW. The projects will have 20-year power purchase agreements (PPAs) with the National Transmission Corporation. Construction is expected to begin in the second quarter of 2024, with both projects set to be commissioned in 2025. Alternergy has also arranged a debt package of P12 billion ($211m) for the development of these projects. [Extracted from the article]

Igneo Infrastructure Partners' Global Diversified Infrastructure Fund (GDIF) has refinanced a A$750 million ($482m) revolving cash advance facility for a 2-year period, including a green tranche. The lenders involved in the refinancing are CBA, ANZ, NAB, and Westpac. The green tranche credit facility is Climate Bond Initiative-certified and provides capital for GDIF to fund investments. The fund has used the green tranche credit facility for renewable generation investments and the acquisition of wind and solar farms. GDIF focuses on equity investments in brownfield PPP projects, and its recent investments include the acquisition of Macarthur Wind Farm, Ultrafast Fibre, and John Laing Group's Australian Wind Portfolio. [Extracted from the article]

Read more: Asia's Richest Man Challenges China in Show of Support for Modi Gautam Adani - who is seen to have a close relationship with Indian Prime Minister Narendra Modi - denied these claims, saying the investments will benefit Sri Lankans. (Bloomberg) -- Adani Group, the Indian ports-to-power conglomerate, is considering a $750 million investment in Sri Lanka to set up wind projects that will generate 500 megawatts on the island. [Extracted from the article]

Clearway Energy Group has closed a $174 million project financing and finalised a power purchase agreement (PPA) for its Dan's Mountain wind farm in Western Maryland. [ABSTRACT FROM AUTHOR]

(Bloomberg) -- Only six commercial onshore wind projects in England are likely to come through the UK planning system after the government lifted its eight-year-long ban on the technology. Read more: UK Ends Ban on New Onshore Wind Farms by Relaxing Planning Rules Local governments have rejected 27 commercial scale onshore wind projects - those larger than 5 megawatts of capacity - since the ban came into effect, RUK said. [Extracted from the article]

(Bloomberg) -- Orsted A/S said it's prepared to walk away from projects in America unless the White House guarantees more support, highlighting the myriad challenges facing wind-energy developers in the country. Read More: Orsted Shares Plunge as Company Warns of $2.3 Billion US Hit Subsidy rules are hampering progress in the US. [Extracted from the article]

Proposals for Trollvind wind farm have been mothballed "indefinitely" by the sponsors, which say the current economic environment has made the project financially and technically infeasible. A JV of Equinor, TotalEnergies, Shell and ConocoPhillips said today (22 May) they will no longer pursue the proposed development of a 1GW offshore wind farm in Norwegian waters. [Extracted from the article]

João Manso Neto, chief executive of the Greenvolt Group, added: "We are witnessing a growing appetite for the renewable energy projects that we develop and subsequently sell, following the asset rotation strategy that we have committed to with our stakeholders". Greenvolt Energias Renováveis is set to bring to market an 8MWp wind project in Poland for around €18.8 million ($20.5m). [Extracted from the article]

Renewable energy investor Qualitas Energy is set to launch 2 wind projects with a capacity of 80MW. Niklas Hinz, investment director of Qualitas Energy Deutschland, added: "The Q-Energy V Fund (QE V) invests in German and international renewable energy projects and strengthens our commitment to the transition to decarbonizing the economy. Qualitas is planning a repowering of Apensen wind farm and the development of the greenfield wind farm in Blumberg. [Extracted from the article]

Grupo Ibereólica has received environmental approval to develop a massive wind project the sponsor after a more than 2-year wait. Chile greenlights massive Ibereólica wind project The company submitted the Antofagasta project in December 2020 to Chile's Environmental Evaluation Service. [Extracted from the article]

The lenders on the deal are expected to be: Standard Bank Rand Merchant Bank Seriti Green intends to develop as much as 3GW of renewables - including solar PV as well as wind - over the next decade. Two local lenders will sign with South African renewables developer Seriti Green the debt for its R4 billion ($233m), 155MW Mpumalanga wind farm project. [Extracted from the article]

Ørsted to acquire remaining stake in offshore wind project PSEG's chief commercial officer Lathrop Craig said: "As Ocean Wind 1 has evaluated the optimal way to move forward, it has become clear that it is best for the project for PSEG to step aside and allow for a better positioned tax investor to join the project so that it can proceed with an optimised tax structure." Ørsted has signed an agreement to acquire Public Service Enterprise Group's (PSEG) 25% equity stake in Ocean Wind 1, a 1.1GW offshore wind energy project. [Extracted from the article]

Eolus has a total portfolio of 1GW of renewable energy projects under development in Poland. Sweden-headquartered wind company Eolus Vind has acquired a Polish onshore wind project in early-stage development from its strategic partner Horizons. [Extracted from the article]

Steel producer Ternium has acquired a greenfield wind project in Argentina. A subsidiary of Argentine steel, energy and construction conglomerate Techint, Ternium purchased 100% of Vientos Olavarría which owns the rights to the development of the Vientos Olavarría wind project. [Extracted from the article]

The Scottish Government's Energy Consents Unit (ECU) has approved EDF Renewables' proposed Clash Gour Onshore Wind and Battery Storage project in Moray following concerns raised by local authorities over the location of the wind farm. EDF came on board in 2019 as a co-developer the same year that Moray Council lodged an objection to the proposed location, due its proximity to 3 other wind farms in the area. [Extracted from the article]

UK Renewables Windfall Tax Risks "Disaster" for Wind Investment Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt may extend a windfall tax to electricity generators to help plug a budget hole as it subsidizes energy bills for consumers. (Bloomberg) -- UK offshore wind farm investment will be at risk if any windfall tax imposed on renewable producers is too severe, according to the head of the world's top developer of the projects. [Extracted from the article]

Xinjiang Goldwind has formally embarked on the partial sale of its Australian renewables subsidiary Goldwind Australia with indicative bids expected in October (2022). The sale came to light in June (2022) when Goldwind retained Lazard to test market appetite for its portfolio of mostly wind assets. Advisers to Goldwind: Lazard - sale manager. [Extracted from the article]

Read More: Ikea Buys Stake in Three Swedish Offshore Wind Projects From OX2 OX2's share of the Noatun projects would be about 5,000 megawatts, Stormoen said. In June, it announced another giant offshore wind project and recently sold a 49% stake in three developments to the investment arm of Ikea's biggest retailing group. (Bloomberg) -- Swedish wind power developer OX2 AB and investment firm Alandsbanken Fondbolag are developing two offshore wind projects in the Baltic Sea that combined would be the biggest in the world. [Extracted from the article]

Australia's Clean Energy Finance Corporation (CEFC) has pledged A$160 million ($111.4m) to fund the construction of a transmission line that will connect MacIntyre Wind Precinct in Queensland to the national grid. CleanCo has also struck an agreement with Acciona to build, own and operate its own 18-turbine 103MW wind farm within the Maclntyre complex. [Extracted from the article]

Vattenfall has revealed plans to develop 119MW South Kyle II Wind Farm in East Ayrshire, UK, near the the 240MW South Kyle project which is currently under construction. The company is expected to submit 2 other proposals for projects in the region later this year (2022): Quantans Hill Wind Farm Whiteneuk Wind Farm Vattenfall committed to encourage local businesses with these projects. [Extracted from the article]

Canadian-based power producer Codelio Power has secured construction loan financing and tax equity for its 171MW Moraine Sands wind project in Mason County, Illinois. [ABSTRACT FROM AUTHOR]

Leeward Renewable Energy has clinched a $190 million debt package for a wind project that the company is constructing in Colorado. The financing, which comprises a construction loan, tax equity bridge loan and back-leverage term loan commitment, will support the 145MW Panorama wind project in Weld County. "We are pleased to have closed financing for the Panorama project with a number of new financial relationships led by MUFG Bank", said Chris Loehr, Leeward's CFO. [Extracted from the article]