Yingli Green Energy Holding Company Limited has announced that its wholly-owned subsidiary, Yingli Green Energy International AG, has entered into a strategic alliance with AMB Energia Wytwarzanie , a subsidiary of AMB Energia S.A. to co-develop 30 MW of solar projects in Poland. Within the framework of the agreement, AMB Energia as a local partner will fully develop the projects with the support from Yingli throughout all project stages.
Finavera Wind Energy Inc. has announced it has received a final $16.5 million of consideration, primarily in the form of debt forgiveness, from Pattern Renewable Holdings Canada ULC, a subsidiary of Pattern Energy Group LP as the final amount payable under the Purchase and Sale Agreement for 184 megawatts (MW) of wind projects, previously announced on April 29, 2013. The final consideration has been received earlier than the anticipated date in Q1 2015, based in part on the successful development of the Meikle Project.
Boralex Inc., through its subsidiary Boralex Europe S.A., has acquired Calmont 14 MW wind power project in the Midi-Pyrénées region in France. With a 15-year power sales contract with EDF France, construction work on the Calmont wind farm will begin during the first quarter of 2015 with commissioning scheduled for year end 2015. In all, Boralex will invest approximately €25 million to complete this project. Calmont is located a few kilometers from Boralex’s Avignonet-Lauragais hybrid solar/wind site offering attractive operating synergy opportunities.
Amicus Solar Cooperative, a purchasing cooperative that is 100% owned and managed by its member companies, has obtained an initial allocation of $50 million for qualifying businesses desiring solar through LFC Capital’s Solar Ownership Program. This Amicus/LFC Capital collaboration represents the first round of a multi-stage rollout of program funds planned for future solar photovoltaic (PV) projects.