Abengoa has announced that it has closed, together with its partner the Israeli global infrastructure group Shikun & Binui, the non-recourse project financing for Ashalim. The total investment of the project will be approximately USD 1 billion. The 110 MW Solar Thermal Electricity (STE) plant Ashalim will be able to store energy in order to produce electricity whenever required after sunset. It will be the largest solar plant in Israel and it will feature parabolic trough technology with a 4.5 hour thermal energy storage system using molten salts.- TerraForm Global Operating, LLC, intends to offer, in a private transaction, up to $800 million aggregate principal amount of senior notes due 2022. The offering is subject to market conditions and other factors. TeraForm intends to use the net proceeds of the offering, in whole or in part, to fund renewable energy projects that includes the financing or refinancing of, or investments in, equipment and systems which generate or facilitate the generation of energy from renewable sources, such as solar, wind and hydroelectric energy.
- SunEdison will acquire Vivint Solar for approximately $2.2 billion. In connection with SunEdison’s proposed acquisition of Vivint Solar, SunEdison has entered into a definitive purchase agreement with a subsidiary of TerraForm Power which, concurrently with the completion of SunEdison’s acquisition of Vivint Solar, will acquire Vivint Solar’s rooftop solar portfolio, consisting of 523 MW expected to be installed by year-end 2015, for $922 million in cash.
- Nor-Cal Controls is releasing a new product which will increase efficiency and reduce costs to wind project owners and operators. The “WindTalker-1000” is an innovative smart relay device designed to allow any existing sensor to integrate seamlessly into an existing wind turbine control platform, no matter the age, type or communication characteristics of the Programmable Logic Controller (PLC). Nor-Cal Controls partnered with Lufft, manufacturer of the VENTUS ultrasonic wind sensor, to provide a state of the art, turnkey wind sensor replacement solution resistant to the elements as well as time.
