Coillte and SSE in €176m wind deal
Coillte and SSE have secured what they claim is the largest-ever financing package of a single wind asset in Ireland.
The two firms have agreed €176 million ($191 million) of project finance in a deal in which BBVA, Rabobank and Nord/LB were lead arrangers. No terms were disclosed.
The financing will fund the construction of a 105MW project – the second and final phase of a 169MW wind park in Galway. The first phase is owned and financed by SSE exclusively, but the latest stage is a 50/50 joint venture with Coillte, a state-sponsored Irish firm operating within forestry and renewables.
Construction will begin immediately, with completion slated for the second half of next year.
US solar and efficiency financing firms complete merger
US firms Clean Power Finance and Kilowatt Financial have completed their merger, becoming Spruce Financial.
They announced plans to merge in July, and have now created Spruce, which provides consumer financing for residential solar across 18 US states, as well as water conservation and energy efficiency retrofits nationwide.
To date, the two companies have raised more than $2 billion, largely through major banks and corporations. Spruce and US Bank have partnered to finance $175 million of rooftop solar over 2016.
US municipality to issue $17.9m green bond
Ramsey County, Minnesota, is set to issue its inaugural green bond, which aims to raise $17.9 million.
The bond is to be issued in 25 tranches with maturities between one and 20 years, and is expected to price on 25 January.
Proceeds will be used to finance the county's share of a solid waste facility it jointly acquired with its neighbour Washington County.
