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EIP Taking BayWa r.e. Stake (Int'l. Report, M&A)
BayWa,Energy Infrastructure Partners
Date: 2020-12-11
Energy Infrastructure Partners LLC (EIPP -- f.k.a. Credit Suisse Energy Infrastructure Partners -- reports it will take a $640 million, 49 pct stake in Munich, Germany-headquartered renewable energy developer BayWa r.e, subject to regulatory approval.

EIF , a long term investor in the energy sector, reportedly plans to transform BayWa r.e. into an independent power producer with h up to 3GW capacity. The developer currently has a project pipeline of over 13GW in Europe, the US and the Asia-Pacific region. (Source: Energy Infrastructure Partners, PR, ReCharge, 10 Dec., 2020) Contact: BaWa r.e.,Manfred Groh, Strategy Manager, Corporate Strategy, Energy Policy & Sustainability, +49 89 383932 0, Fax -- +49 89 383932 32, info@baywa-re.com, www.baywa-re.com; Energy Infrastructure Partners, Klaus Josef Lutz, CEO, (646)363-6684, info@energyinfrapartners.com, www.nergyinfrapartners.com

More Low-Carbon Energy News Energy Infrastructure Partners,  BaWa,  Floating Wind,  


World Bank Issues $28.6Mn Blue Economy Bond (Int'l. Report)
World Bank
Date: 2019-11-27
The World Bank International Bank for Reconstruction and Development is reporting the issuance of a $28.6 million five-year Sustainable Development Bond as part of ongoing efforts to focus attention on the sustainable use of oceans and coastal areas -- the "Blue Economy." Credit Suisse Securities (Europe) Ltd., through its Impact Advisory and Finance Department, acted as the sole manager of the transaction.

World Bank bonds support the financing of sustainable development projects and programs designed to promote strong governance of marine and coastal resources to support sustainable fisheries and aquaculture, reduce pollution in waterways and oceans and address climate change. The World Bank issues $50-$60 billion in the global capital markets every year.

"Absorbing approximately 30 pct of the CO2 created by humans and generating 50 pct of the world's oxygen, yet significantly underfunded from a private capital perspective, ocean health is critical," according to Marisa Drew, CEO of the Impact Advisory and Finance Department at Credit Suisse.

(Source: World Bank, Credit Suisse, The Asset, Nov., 2019) Contact: World Bank International Finance Corporation, www.ifc.org; Credit Suisse, www.credit-suisse.com

More Low-Carbon Energy News Credit Suisse,  World Bank,  Low-Carbon Economy,  


Equinor Offloads 25 pct Stake in German Offshore Wind Farm (Int'l)
Equinor, RWE Renewables
Date: 2019-10-04
In Oslo, Equinor is reporting it will sell a 25 pct stake in the Arkona Offshore wind farm in the German Baltic Sea to funds advised by Credit Suisse Energy Infrastructure Partners for roughly €500 million ($547.85 million). Equinor will retain a 25 pct stake.

The 385MW Arkona Offhore wind farm is operated by RWE Renewables, which holds a 50 pct stake in the wind farm. (Source: Equinor, Reuters, 3 Oct., 2019)Contact: Equinor, Pal Eitrheim, VP New Energy Solutions, www.equinor.com; RWE Renewables, ww.rwe.com

More Low-Carbon Energy News RWE Renewables,  Equinor ,  Offshore Wind,  


E.ON to Construct 475-MW Swedish Onshore Wind Farm (Int'l)
E.OM
Date: 2018-11-23
German utility giant E.ON SE reports it will construct one Europe's largest onshore wind farms following the company's previously announced decision to invest in the 475-MW Nysater project to be built in Sweden.

For the project, E.ON will partner with Swiss investment manager Credit Suisse Energy Infrastructure Partners (CSEIP), which will hold an 60 pct stake in the project which is expected to commissioned by the end of 20121.

E.ON will construct and operate the wind farm under a long-term operations and maintenance (O&M) agreement while retaining a 20 pct ownership take in the project. Nordex will supply the €500 million ($570 million) project's 114 wind turbines ranging from 3.9 MW to 4.4 MW . (Source: E.ON, CleaTechnica, 20 Nov., 2018) Contact: E.ON, Anja-Isabel Dotzenrath, CEO, E.ON Climate & Renewables, Michael Lewis, CEO Climate and Renewables, +49 2 11 45 79 4170, www.eon.com

More Low-Carbon Energy News E.ON,  Wind,  

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