IPP

DGAP-News: ENCAVIS AG acquires solar park Groß Behnitz (25 MWp) of the project pipeline of its strategic development partner Sunovis

Thursday, October 21, 2021 - 7:01am

Hamburg, October 21, 2021 - The SDAX-listed wind and solar park operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) acquires the solar park Gro Behnitz (Brandenburg), nearby Berlin, with a generation capacity of 25 megawatts (MWp) as part of the strategic development partnership with Sunovis GmbH.

Key Points: 
  • Hamburg, October 21, 2021 - The SDAX-listed wind and solar park operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) acquires the solar park Gro Behnitz (Brandenburg), nearby Berlin, with a generation capacity of 25 megawatts (MWp) as part of the strategic development partnership with Sunovis GmbH.
  • "With the PV park Gro Behnitz we realise the first project of our more than 200 MW+ strategic development pipeline of PPA solar power plant projects with Sunovis", welcomes Dr Dierk Paskert, CEO of Encavis AG, the start of the ongoing cooperation.
  • Sunovis acts in Gro Behnitz as developer, EPC partner in the current construction phase and is responsible for the operational and maintenance (O&M) services.
  • "We are very happy to realise our ambitious goals regarding the development and construction of PPA projects in Germany with the project Gro Behnitz.

Planful Empowers Amarenco Group to Streamline Complex Consolidation and Reporting Processes

Wednesday, October 13, 2021 - 11:00am

Siobhn Rice, Group Financial Controller at Amarenco, was looking to modernize how her team manages the company's complex consolidation needs and bring efficiencies to their statutory reporting.

Key Points: 
  • Siobhn Rice, Group Financial Controller at Amarenco, was looking to modernize how her team manages the company's complex consolidation needs and bring efficiencies to their statutory reporting.
  • "Our goal was to replace spreadsheets with a modern cloud platform that automates our complex monthly elimination and consolidation processes," said Rice.
  • "Our cloud platform is allowing Amarenco Group to streamline their finance and accounting processes, so they can spend more time analyzing information to help the business make better financial decisions."
  • The Planful platform is used by the Office of the CFO around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and visual analytics.

Planful Empowers Amarenco Group to Streamline Complex Consolidation and Reporting Processes

Wednesday, October 13, 2021 - 11:00am

REDWOOD CITY, Calif., Oct. 13, 2021 /PRNewswire/ -- Planful Inc., the pioneer of end-to-end financial close, consolidation, and financial planning & analysis (FP&A) cloud software, today announced that Amarenco Group, a leading solar IPP active in Europe, the Middle East, and Asia Pacific that develops, finances, builds, and operates commercial and utility-scale solar PV projects, deployed the Planful platform to automate the financial close processes and to upgrade the company's planning and reporting capabilities. RSM UK, a valued Planful partner and the leading provider of audit, tax, and consulting services to middle market leaders, worked alongside Planful on the customer implementation.

Key Points: 
  • Siobhn Rice, Group Financial Controller at Amarenco, was looking to modernize how her team manages the company's complex consolidation needs and bring efficiencies to their statutory reporting.
  • "Our goal was to replace spreadsheets with a modern cloud platform that automates our complex monthly elimination and consolidation processes," said Rice.
  • "Our cloud platform is allowing Amarenco Group to streamline their finance and accounting processes, so they can spend more time analyzing information to help the business make better financial decisions."
  • The Planful platform is used by the Office of the CFO around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and visual analytics.

Second Unit of M701JAC Gas Turbine Begins Commercial Operation at GTCC Power Plant in Chonburi Province, Thailand

Monday, October 11, 2021 - 3:44am

The first unit, which was also a first M701JAC in Southeast Asia, started commercial operation at the end of March this year.

Key Points: 
  • The first unit, which was also a first M701JAC in Southeast Asia, started commercial operation at the end of March this year.
  • When completed, the eight units in the project will form a gas turbine combined cycle (GTCC) power system with a total output of 5,300 megawatts (MW).
  • Koji Nishikawa, President and Managing Director of Mitsubishi Power (Thailand), spoke of his company's commitment to its work in Thailand.
  • The newly inaugurated M701JAC is a core component of the power plant in Chonburi Province, which is operated by Gulf SRC Company Limited*.

Media Advisory: TransAlta and TransAlta Renewables Third Quarter 2021 Results and Conference Call

Wednesday, October 6, 2021 - 6:18pm

CALGARY, AB, Oct. 6, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its third quarter 2021 results before markets open on Tuesday, November 9, 2021.

Key Points: 
  • CALGARY, AB, Oct. 6, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its third quarter 2021 results before markets open on Tuesday, November 9, 2021.
  • TransAlta Renewables Inc. ("TransAlta Renewables") (TSX:RNW) will release its third quarter 2021 results before markets on Tuesday, November 9, 2021.
  • Any questions regarding TransAlta Renewables may be asked on the TransAlta conference call.
  • Third Quarter 2021 Conference Call:
    Toll-free North American participants call: 1-888-664-6392
    Related materials will be available on the Investor Centre section of TransAlta's website at http://www.transalta.com/investors/events-and-presentations .

Funds Managed by Ares Management to Acquire Majority Stake in Apex Clean Energy

Wednesday, October 6, 2021 - 11:45am

Apex Clean Energy (Apex) and Ares Management Corporation (NYSE: ARES) (Ares) today announced that funds and other accounts managed by Ares Infrastructure and Power strategy have entered into an agreement to acquire a majority stake in Apex.

Key Points: 
  • Apex Clean Energy (Apex) and Ares Management Corporation (NYSE: ARES) (Ares) today announced that funds and other accounts managed by Ares Infrastructure and Power strategy have entered into an agreement to acquire a majority stake in Apex.
  • Apex has been a leader in clean energy sales to the C&I market over the past decade.
  • Apex and Ares are aligned on a common mission to accelerate the shift to clean energy, said Mark Goodwin, President and CEO of Apex Clean Energy.
  • Apex Clean Energy was founded with a singular focus: to accelerate the shift to clean energy.

Vortex Energy Partners With Ignis To Fund Ambitious Renewable Plan Globally With €625 Million

Wednesday, October 6, 2021 - 2:00am

MADRID, Oct. 6, 2021 /PRNewswire/ -- Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, has entered into a definite agreement with Ignis Energy Holdings, parent company of Spanish independent integrated renewable player Ignis Group.

Key Points: 
  • Vortex Energy will inject over 625 million through its newly launched Vortex Energy IV Fund and its co-investors into Ignis via a series of capital injections, which will be deployed over the coming few years subject to certain conditions.
  • This capital contribution from Vortex Energy will allow Ignis to own and operate a growing share of the projects that it develops.
  • Antonio Sieira, founder and CEO of Ignis: "In Vortex Energy, we have identified a great partner that is aligned with our vision and committed to maximizing Ignis' potential.
  • Karim Moussa, CEO of Vortex Energy: "Ignis has an extraordinary team, with a visionary plan to create an international renewable IPP in the coming years.

DGAP-News: ENCAVIS AG: SCOPE Ratings affirms its investment grade issuer rating BBB- with stable outlook on Encavis AG

Tuesday, October 5, 2021 - 7:01am

Hamburg, October 5th, 2021 - SDAX-listed solar park and wind farm operator Encavis AG (Prime Standard, ISIN: DE0006095003, Ticker symbol: ECV) has been rated again by SCOPE Ratings (SCOPE) in an updated analysis affirming the investment grade issuer rating (BBB-).

Key Points: 
  • Hamburg, October 5th, 2021 - SDAX-listed solar park and wind farm operator Encavis AG (Prime Standard, ISIN: DE0006095003, Ticker symbol: ECV) has been rated again by SCOPE Ratings (SCOPE) in an updated analysis affirming the investment grade issuer rating (BBB-).
  • SCOPE has affirmed its BBB-/Stable issuer rating on Encavis AG and its financing subsidiary Encavis Finance BV.
  • Concurrently, SCOPE affirmed the long-term ratings for senior unsecured debt at BBB-, and BB for subordinated (hybrid) debt and for short-term debt at S-2.
  • Encavis AG's environmental, social and governance performance has been awarded by two of the world's leading ESG rating agencies.

DGAP-News: ENCAVIS AG converts hybrid convertible bonds issued in 2017 and 2019

Monday, October 4, 2021 - 7:01am

Hamburg, October 4, 2021 - The SDAX-listed Hamburg based wind and solar park operator Encavis AG (ISIN: DE0006095003, Prime Standard, timber symbol: ECV) converts the perpetual subordinated bonds (ISIN DE000A19NPE8), issued through its wholly owned subsidiary Encavis Finance B.V., via early mandatory conversion today as already announced in August.

Key Points: 
  • Hamburg, October 4, 2021 - The SDAX-listed Hamburg based wind and solar park operator Encavis AG (ISIN: DE0006095003, Prime Standard, timber symbol: ECV) converts the perpetual subordinated bonds (ISIN DE000A19NPE8), issued through its wholly owned subsidiary Encavis Finance B.V., via early mandatory conversion today as already announced in August.
  • Encavis creates the the required 12,606,481 shares from the Conditional Capital 2017 and 2018 and from the Authorised Capital 2021 to convert the still outstanding Bonds in an aggregate principal amount of EUR 89.3 million, initially issued on September 13, 2017 as well as on September 5, 2019.
  • Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from renewable energies listed on the MDAX of Deutsche Brse AG.
  • Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors.

Inaccess Signs Global Framework Agreement With Total Eren

Friday, October 1, 2021 - 9:38pm

Total Erenis a leading renewable energy Independent Power Producer (IPP) based in Paris, France.

Key Points: 
  • Total Erenis a leading renewable energy Independent Power Producer (IPP) based in Paris, France.
  • With a global presence, Inaccess is an innovative company providing centralized management solutions of Renewable Energy and Telecom infrastructures, mostly offered on a turn-key basis.
  • Inaccess group is acknowledged as one of the leading independent monitoring providers for the utility-scale PV and Battery Storage segment globally.
  • Inaccess has also significant activity in wind, hybrid, mini-grid and off-grid RES projects.