EDP Renováveis and ENGIE consortium is awarded long-term CfD for 950 MW in UK

EDP Renováveis and ENGIE consortium is awarded long-term CfD for 950 MW offshore wind project in UK EDP Renováveis, S.A. (“EDPR”) and ENGIE are pleased to announce that Moray Offshore Windfarm (East) Limited, a joint venture company currently owned by EDPR (77%) and ENGIE (23%), has been awarded a 15-year Contract for Difference (CfD)  for the delivery of 950 MW of offshore wind generation at £57.50/MWh (in real 2012 terms). The contract was awarded by the UK’s Department for Business, Energy & Industrial Strategy (“BEIS”) following its latest CfD auction. EDPR and ENGIE are jointly developing this project, which is located off the north-east coast of Scotland. Upon conclusion of

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Iberdrola included again in the Dow Jones Sustainability Index utilities industry group

Key global index measures corporate contribution towards sustainable development With 91 points in the 2017 ranking, it is the only European electricity utility to have been selected in all eighteen editions of the DJSI, proof of the company’s strong commitment towards sustainability Today, Iberdrola has been included again in the prestigious Dow Jones Sustainability Index (DJSI) utility industry group, the main international benchmark for measuring how companies contribute towards sustainable development. The company, which scored 91 points in the 2017 edition, continues to strengthen its position at the forefront of its industry in this new review of the ranking on the basis of an effective strategy that makes sustainability one

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Neoenergia incorporates Elektro Holding after shareholder approval

This transaction creates an electricity industry leader in Brazil and Latin America An outstanding operation for the Iberdrola Group has been completed, having received as well the green light from CADE (Administrative Council for Economic Defence), Aneel (National Electricity Energy Agency) and Bndes (National Bank for Economic and Social Development), in a much shorter time frame than usual for this type of transactions The new company is owned by Iberdrola[1], the Bank of Brazil’s Employees Pension Fund (Caixa de Previdência dos Funcionários do Banco do Brasil – Previ) and BB Banco de Investimentos (Banco do Brasil), which will hold 52.45%, 38.21% and 9.35%, respectively   Relevant aspects Iberdrola Chairman Ignacio

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KPS Capital Partners Acquires C&D Technologies

KPS Capital Partners, LP (“KPS”) announced today that, through a newly formed affiliate, it has acquired C&D Technologies, Inc. and its affiliates (“C&D” or the “Company”). Financial terms of the transaction were not disclosed.   C&D, headquartered in Blue Bell, Pennsylvania, manufactures, engineers, supplies and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power.  The Company is a global leader in solutions and services for the utility, telecommunications, uninterruptible power supply, cable, broadband and renewable energy markets.  C&D consistently creates innovative products and processes that improve performance and increase long-term value for its customers.  The Company operates four manufacturing facilities located in the

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DONG Energy and Global Infrastructure Partners to form 50/50 partnership to build German offshore wind farm Borkum Riffgrund 2

DONG Energy and Global Infrastructure Partners (GIP), a leading independent global infrastructure investor, jointly announced today that Global Infrastructure Partners III (GIP III), a fund managed by GIP, has entered into an agreement to acquire a 50% stake in the Borkum Riffgrund 2 Offshore Wind Farm project from DONG Energy for a total consideration of approximately EUR 1,170 million. Borkum Riffgrund 2 is a 450MW offshore wind project in the German North Sea, currently being constructed by DONG Energy. DONG Energy will provide a full-scope EPC (engineering, procurement and construction) contract for the construction of the project. In addition, DONG Energy will provide operation and maintenance services and a route

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Saeta Yield agrees to acquire Lestenergia from Grupo ACS for EUR 104 million

Saeta Yield has reached an agreement with ProCME, a Portuguese subsidiary of Grupo ACS, to acquire 100% of Lestenergia, a portfolio of 9 operating wind farms located in Portugal with a total installed capacity of 144MW. The total cash consideration for the acquisition is c. EUR 104 million (representing a total enterprise value of EUR 186 million). The transaction will be funded from Saeta Yield’s available liquidity. It is expected to close before year end. This is the second international transaction by Saeta Yield in 2017, following the acquisition last May of Carapé I and II in Uruguay. This makes the company advance on its international growth strategy, and reduces

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ACCIONA increases EBITDA to 579 million euros (+10.4%)

Ordinary net profit increased by 80 million euros (+81.5%) due to good performance by the Infrastructure business Consolidated revenues amounted to 3,388 million euros (+22.6%), driven by the Construction business (+74.6%) Net capital expenditure continues at a good pace, amounting to 472 million euros ACCIONA attained 579 million euros in EBITDA in the first half of 2017, a 10.4% increase, driven by good performance in the Construction business, where EBITDA more than doubled (+117.4%) to 110 million euros. Ordinary net profit increased sharply to 80 million euros (+81.5%). However, attributable net profit declined by 86.6% due to the absence of extraordinary items this year. In the first half of 2016,

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Siemens Gamesa speeds up its integration process and prepares to lead in a growing market

Global revenues decreased by 7% to €2,693 million in the third quarter of fiscal year 2017 as a result of the temporary downturn of the Indian market. O&M service revenue expanded by 8%, to €300 million. The announced synergies of €230 million are now the ‘minimum’ and the company expects to realize these synergies in year 3, one year earlier than announced.  Ricardo Chocarro, who has held important positions at former Gamesa for the last 18 years, has been appointed new Onshore CEO. Siemens Gamesa expects the renewable energy sector to improve with emerging markets continuing to play a particularly important role and new auctions in mature markets such as

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ACCIONA acquires additional stake in Ontario wind farm (Canada)

ACCIONA Energy International obtains full ownership of the 76-MW Ripley Wind Farm ACCIONA Energy, a leading global operator of renewable energy projects, today announced that ACCIONA Energy International (AEI), through its Canadian subsidiary, has acquired 50% of the 76 MW Ripley Wind Farm from Suncor Energy Inc. The Ripley Wind Farm was originally built as a joint venture by Suncor and ACCIONA in 2007. With the acquisition, AEI becomes the wind farm’s sole owner and operator. The Ripley Wind Farm is located near the eastern shore of Lake Huron and generates enough electricity to power 24,000 homes. The facility has a 20-year Power Purchase Agreement in place with the Independent

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Iberdrola investment in the first half reaches €2.512 billion (+ 35%)

During the period, the company hired 1,500 new professionals. The group’s net profit stands at €1.518 billion (+4.2%) 90% of investments – some €22 billion – planned for the 2016-2020 Strategic Outlook are already completed or under construction Between January and June 2017, the group has hired 1,500 professionals bringing total number of employees close to 30,000 It has closed purchases amounting to €3.187 billion (+11.6%) with 13,800 suppliers As a key part of the group, AVANGRID, affiliate of Iberdrola in the US, contributed to the company’s net profit with $359 million (+14%). Thanks to its positive performance in the New York Stock Exchange throughout the year, total shareholder return

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