Posted on: 21/08/2018
Innogy partners with Japanese firms for Triton Knoll
J-Power and Kansai Electric Power have bought stakes in the Triton Knoll offshore wind farm from developer Innogy.
The two Japanese firms have bought 25% and 16% stakes respectively.
The 860MW wind farm off the coast of Lincolnshire is expected to begin operating in 2021.
Green Investment Group in Asian deal
Green Investment Group, the former Green Investment Bank that is now owned by Australian infrastructure investor Macquarie, has made its first acquisition in Asia.
The group has bought a solar development portfolio from Conergy Asia & ME.
Under the deal, a team of 88 experts will join the group; together they have more than 500MW of solar capacity across Asia.
AD plant acquired in £18m deal
John Laing Environmental Assets Group (JLEN) has bought Merlin Renewables for £18.1 million.
Merlin operates a 5MW anaerobic digestion at Hibaldstow in North Lincolnshire.
Richard Morse, the JLEN Chairman, said; “This latest acquisition further underlines the commitment JLEN has to diversifying its portfolio and the value it places in the anaerobic digestion sector.”
Energy firm buys stake in power plant developer
Kibo Energy, a power company quoted on the Alternative Investment Market, has bought a 60% stake in Mast Energy Developments.
Mast aims to develop and operate flexible power plants to service the reserve power generation market.
Louis Coetzee, Chief Executive of Kibo Energy, said: “This proposed acquisition provides Kibo with exposure to near-term revenue generating assets and enables us to combine our knowledge of the power generation market both in mature and emerging markets.”
Council solar farm achieves record output
This summer’s heatwave has led to Bristol City Council’s 4.2MW Avonmouth solar park hitting record output.
The site generated 797,112kWh between 1 May and 25 July, up almost 18% year-on-year.
The electricity from the solar panels and two neighbouring wind turbines is sold to Bristol Energy via a power purchase agreement.