News

Deals this week: Nordex, Fortum, SeaMade NV

SeaMade NV has secured a €250m ($284m) loan from the European Investment Bank (EIB) for constructing two offshore wind farms in Belgium. The EIB loan is fully guaranteed under the European Fund for Strategic Investments (EFSI).

The two wind farms, Mermaid and Seastar, are expected to generate 487MW upon completion in 2020.

Based in Spain, SeaMade is a joint venture between Otary RS NV, Engie Electrabel NV and Eneco Wind Belgium SA, while EIB is a long-term lending institution of the European Union.

Nordex Group has received a wind turbine supply contract from the joint venture of Credit Suisse Energy Infrastructure Partners (CSEIP) and E.ON Climate & Renewables for the 475MW Nysater wind project in Sweden.

Nordex will supply ten N131/3900 and 104 N149.4.0-4.5 turbines for the project, along with conducting civil and electrical balance-of-plant works as a part of the engineering, procurement and construction (EPC) contract.

Based in Germany, Nordex is engaged in the design, manufacture and sale of wind turbines.

Swiss Credit Suisse Energy Infrastructure Partners is engaged in making direct energy infrastructure investment, while E.ON German-based Climate & Renewables is a private energy company engaged in providing electric utility services.

Black Mountain has signed a licensing deal with Erda Energy for providing zero-carbon heating and cooling solutions to corporate clients in the UK.

Black Mountain secured a license to distribute Erda Energy’s geo-exchange technology, a patented coaxial inclined borehole solution. The technology captures the waste energy generated from heating and cooling procedures and stores it for future usage.

Based in the US, Black Mountain is an independent oil and gas company, while Erda Energy is a clean energy solutions company in the UK.

BlackRock Real Assets has reached an agreement with a consortium of Samsung Securities, Samchully Asset Management and Schroder AIDA to divest a portfolio of 14 operating solar power projects in France.

The asset purchase will help the consortium partners to enter the European renewables power market.

Samsung will act as the financial advisor for the consortium, while Samchully AMC and Schroders will act as the asset manager and management advisor.

Based in the UK, BlackRock Real Assets is focused on investments and financial ventures, while Schroder AIDA is focused on infrastructure finance and corporate private assets in France

South Korea-based Samsung Securities conducts financial investment and market operations, while Samchully Asset Management specialises in overseas power facilities and energy infrastructure.