Norddeutsche Landesbank

Primergy Secures $588M in Project Financing and Power Purchase Agreement with Microsoft for 408 MW Solar Project in Texas

Retrieved on: 
Monday, March 11, 2024
Green Technology, Environment, Other Science, Other Technology, Sustainability, Urban Planning, Finance, Other Construction & Property, Professional Services, Science, Other Natural Resources, Technology, Commercial Building & Real Estate, Other Energy, Construction & Property, Utilities, Alternative Energy, Natural Resources, Energy, Slate, Microsoft, Commerzbank, Organization, MUFG Bank, Solar energy, Norddeutsche Landesbank, Partnership, SMBC, BNP Paribas, Rabobank, Investment banking, Safety, KeyBank, Latham & Watkins, MUFG, PPA, Engineering, Renewable energy

Primergy Solar LLC (‘Primergy’), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill County, Texas.

Key Points: 
  • Primergy Solar LLC (‘Primergy’), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill County, Texas.
  • The company also signed a long-term power purchase agreement with Microsoft for the full capacity of the plant.
  • Once completed, the project is expected to generate enough carbon-free energy to power the equivalent of approximately 90,000 homes per year.
  • The Ash Creek Solar project debt financing includes a construction loan, tax credit transfer bridge loan, and related letters of credit.

Strata Clean Energy Secures $559 Million Financing for 1GWh Battery Energy Storage Project in Arizona

Retrieved on: 
Wednesday, February 21, 2024
Other Energy, Technology, Utilities, Batteries, Alternative Energy, Energy, Korea Development Bank, CoBank, Growth, Primary energy, Norddeutsche Landesbank, Arizona Public Service, Electricity, Nomura, Renewable energy

Strata Clean Energy (Strata), a leading developer, owner, and operator of renewable energy projects, has closed on a $559 million financing for the construction and ownership of the Scatter Wash battery storage complex.

Key Points: 
  • Strata Clean Energy (Strata), a leading developer, owner, and operator of renewable energy projects, has closed on a $559 million financing for the construction and ownership of the Scatter Wash battery storage complex.
  • A consortium of leading financial institutions collaborated to secure the necessary funding for this project.
  • "The successful financing for the Scatter Wash battery storage complex marks a significant step forward in our mission to drive the transition to clean energy,” said Markus Wilhelm, Chief Executive Officer of Strata Clean Energy.
  • In May 2023, Strata forged a 20-year tolling agreement with Arizona Public Service, cementing its commitment to this groundbreaking initiative.

EQS-News: OLB continues successful capital market activities with first ever benchmark mortgage covered bond

Retrieved on: 
Tuesday, January 30, 2024
Erste Group, DZ Bank, UniCredit, Bank, Deutsche Bank, CFO, Insurance, Oldenburgische Landesbank, Norddeutsche Landesbank, OLB, EUR, Luxembourg Stock Exchange, Danske Bank

Oldenburgische Landesbank AG (OLB) is continuing its successful capital market activities: Yesterday, Monday, 22 January 2024, the Bank issued its first ever mortgage covered bond at benchmark level in the amount of EUR 500 million.

Key Points: 
  • Oldenburgische Landesbank AG (OLB) is continuing its successful capital market activities: Yesterday, Monday, 22 January 2024, the Bank issued its first ever mortgage covered bond at benchmark level in the amount of EUR 500 million.
  • The bond has a term of eight years and offers investors an attractive long-term investment opportunity.
  • From now on, OLB plans to realise a benchmark-sized mortgage covered bond issue every 12-18 months.
  • Just last week, OLB made its debut on the Tier 2 bond market and issued a bond totalling EUR 170 million.

Primergy Secures $300M Debt and Tax Equity Investment for Prairie Mist Solar Project

Retrieved on: 
Tuesday, November 28, 2023
Alternative Energy, Energy, Batteries, Technology, Utilities, Coal, MISO, PNC, Midcontinent Independent System Operator, Partnership, Norddeutsche Landesbank, PNC Financial Services, SMBC, Letter, Investment banking, Renewable energy, Primergy

Primergy Solar LLC ('Primergy'), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.

Key Points: 
  • Primergy Solar LLC ('Primergy'), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.
  • The Prairie Mist project debt financing includes a tax equity bridge loan, construction/term debt, and a letter of credit facility.
  • The debt facilities are led by a syndicate comprising of Norddeutsche Landesbank Girozentrale, Société Générale, Crédit Agricole Corporate and Investment Bank, and SMBC.
  • The Prairie Mist financing also includes a tax equity investment led by an affiliate of The PNC Financial Services Group, Inc.
    “We are pleased to have supported Primergy on the Prairie Mist financing as Coordinating Lead Arranger,” said Alejandro Lopez-Jensen, Senior Director, Project Finance at Nord/LB.

Major leap forward for standalone battery energy storage, as sector leader Plus Power raises additional $1.8 billion to help incorporate renewables and stabilize the power grid

Retrieved on: 
Tuesday, October 17, 2023
Partnership, Infrastructure, Société Générale, Climate change, BESS, ERCOT, Wind, Letter, Deutsche Bank, Erongo Battery Energy Storage System, Salt River Project, CLA, Sierra Estrella, Carbon, Goldman Sachs, Electricity, SFS, Pleasure, Bank of America, Energy, WEC Energy Group, Norddeutsche Landesbank, Ebony, Growth, CoBank, Prejudice plus power, First Citizens BancShares, Bank of America Tower (Manhattan), History, Bank, Energy storage, Renewable energy, Cryptocurrency, U.S. Bancorp

THE WOODLANDS, Texas, Oct. 17, 2023 /PRNewswire/ -- Plus Power LLC announced completion of $1.8 billion in new financing for standalone battery storage, including the largest single such project financing to date, to help stabilize the U.S. electrical grid while incorporating more solar and wind energy.

Key Points: 
  • Plus Power LLC announced completion of $1.8 billion in new financing for standalone battery storage.
  • " Nord/LB is honored to have supported industry leader, Plus Power, as CLA for the landmark stand-alone battery storage transactions, Sierra Estrella and Superstition Energy Storage.
  • We are excited to witness their impact on the clean energy transition and look forward to supporting Plus Power on future opportunities."
  • "Societe Generale is pleased to have supported Plus Power – a leader in the renewables & energy storage market – in this landmark Battery Energy Storage financing," said Eric Kim, the Head of Société Générale's Energy+ Group .

Recurrent Energy Closes $112 Million in Project Financing, Announces Oklahoma Municipal Power Authority as Customer for 160 MW Oklahoma Solar Project

Retrieved on: 
Thursday, August 31, 2023
Partnership, Electricity, National Junior College Athletic Association, Norddeutsche Landesbank, SPP, Wind, Engineering, Solar energy, OMPA, City, Rabobank, Renewable energy

Oklahoma Municipal Power Authority (OMPA), which serves 42 municipally-owned electric systems in Oklahoma, will purchase 100% of the energy produced by North Fork Solar under a 15-year agreement.

Key Points: 
  • Oklahoma Municipal Power Authority (OMPA), which serves 42 municipally-owned electric systems in Oklahoma, will purchase 100% of the energy produced by North Fork Solar under a 15-year agreement.
  • OMPA's power purchase agreement with Recurrent Energy marks the municipal utility's first solar energy transaction.
  • Recurrent Energy selected Blattner Energy as the engineering, procurement and construction partner for North Fork Solar.
  • Oklahoma has long been known for its rich wind resource, and now OMPA's customers will benefit from low-cost solar energy to complement the wind energy in their portfolio."

INVENERGY-LED CONSORTIUM COMPLETES PURCHASE OF AMERICAN ELECTRIC POWER'S UNREGULATED RENEWABLES PORTFOLIO

Retrieved on: 
Wednesday, August 16, 2023
Private, Sustainable finance, Canada, Partnership, Financial adviser, American Electric Power, Sabadell, AEP, Bayerische Landesbank, PTC, Invenergy, Banco Sabadell, IRA, CaixaBank, CDPQ, Wind, Blackstone, Banc of America Securities (1998–2008), Inflation, Transferability, Bank of America, Acquisition, NatWest, CFO, Growth, Inflation Reduction Act of 2022, Bank, Export Development Canada, MetLife, Norddeutsche Landesbank, ICBC, MetLife Inc. v. Financial Stability Oversight Council, Renewable energy, S.A

CHICAGO, Aug. 16, 2023 /PRNewswire/ -- Invenergy, the leading privately held developer, owner, and operator of sustainable energy solutions, today announced IRG Acquisition Holdings (IRGAH), a partnership between Invenergy, CDPQ and funds managed by Blackstone Infrastructure Partners (Blackstone), has closed on the acquisition of American Electric Power's (AEP) 1,365-megawatt (MW) unregulated, contracted renewables portfolio for $1.5 billion enterprise value.

Key Points: 
  • "Invenergy has industry-leading operations and asset management capabilities, and we look forward to applying our unmatched expertise to this portfolio of projects."
  • The portfolio, the largest ever acquisition for American-led Invenergy, includes 14 projects in 11 states and is comprised of 1,200 MW of wind generation and 165 MW of solar projects.
  • The renewable power generated by these projects is contracted under long-term agreements with various utilities, corporations, and municipalities.
  • "We are excited to support this transaction with Invenergy and their partners in IRG Acquisition Holdings.

EQS-News: Fürstenberg Capital II GmbH: Sharing in Losses and Redemption at Reduced Book Value / No Coupon Payment in 2023

Retrieved on: 
Friday, March 24, 2023
Note, Partnership, WKN, Bis zum bitteren Ende – Die Toten Hosen Live!, Capital note, Participation, Common, Euronext Amsterdam, Capital, Issuer, ISIN, HGB, Card security code, Norddeutsche Landesbank, Der, Heute, Security (finance), Adhesive, NORD/LB

Soweit die Emittentin keine Zahlungen aus dem Beteiligungsvertrag erhält, ist die Emittentin nicht verpflichtet, Zahlungen auf die Capital Notes zu leisten.

Key Points: 
  • Soweit die Emittentin keine Zahlungen aus dem Beteiligungsvertrag erhält, ist die Emittentin nicht verpflichtet, Zahlungen auf die Capital Notes zu leisten.
  • Thus, the repayment amount payable on the Capital Notes on 30 June 2023 is expected to amount to EUR 533.63 per Capital Note.
  • 1 der Emissionsbedingungen der Capital Notes für die Rückzahlung der Capital Notes zu verwendende Rückzahlungsbetrag entspricht dem oben genannten Buchwert der stillen Einlage zum 31.
  • Juni 2023 auf die Capital Notes zu zahlende Rückzahlungsbetrag voraussichtlich EUR 533,63 je Capital Note betragen wird.

EQS-News: Fürstenberg Capital Erste GmbH: Sharing in Losses and Redemption at Reduced Book Value / No Coupon Payment in 2023

Retrieved on: 
Friday, March 24, 2023
Note, Partnership, Bis zum bitteren Ende – Die Toten Hosen Live!, Capital note, Participation, Common, Euronext Amsterdam, Capital, Issuer, ISIN, HGB, Card security code, Norddeutsche Landesbank, Der, Heute, Security (finance), Adhesive, NORD/LB

Soweit die Emittentin keine Zahlungen aus dem Beteiligungsvertrag erhält, ist die Emittentin nicht verpflichtet, Zahlungen auf die Capital Notes zu leisten.

Key Points: 
  • Soweit die Emittentin keine Zahlungen aus dem Beteiligungsvertrag erhält, ist die Emittentin nicht verpflichtet, Zahlungen auf die Capital Notes zu leisten.
  • Thus, the repayment amount payable on the Capital Notes on 30 June 2023 is expected to amount to EUR 533.63 per Capital Note.
  • 1 der Emissionsbedingungen der Capital Notes für die Rückzahlung der Capital Notes zu verwendende Rückzahlungsbetrag entspricht dem oben genannten Buchwert der stillen Einlage zum 31.
  • Juni 2023 auf die Capital Notes zu zahlende Rückzahlungsbetrag voraussichtlich EUR 533,63 je Capital Note betragen wird.

KOMIPO Completed Construction of Concho Valley Solar Project in Texas

Retrieved on: 
Monday, December 5, 2022
Norddeutsche Landesbank, Golden Joystick Awards, Ribbon, RBC, Investment, LLP, State, Royal Bank of Canada, HOTAS, Growth, Rabobank, White & Case, ESG, Partnership, Renewable energy

The Concho Valley Solar with 160MW capacity, the second utility scale solar asset of KOMIPO America in Texas, had signed the financing agreements on February 2022.

Key Points: 
  • The Concho Valley Solar with 160MW capacity, the second utility scale solar asset of KOMIPO America in Texas, had signed the financing agreements on February 2022.
  • KOMIPO America announces that the Ribbon Cutting ceremony for celebration of commercial operation was held on Nov. 16 at the project site with the local officials, community leaders and various project stakeholders.
  • Hotae Lee, Executive Managing Director of KOMIPO stated, "Concho Valley Solar is the most remarkable and meaningful project in the US for KOMIPO since it had jointly developed with trustworthy partnership with the local developer, Merit SI and strong support from the local communities.
  • White & Case LLP advised KOMIPO from the early stages of Concho Valley Solar and has provided legal guidance on the development, tax equity financing and construction financing of the project.