The UK government is launching a new scheme to support investment in long duration energy storage (LDES) facilities.The announcement follows a consultation held earlier this year which proposed a ‘cap and floor’ scheme to encourage LDES investment. The model would provide a guaranteed... More

The Government of Sao Paulo has revised and republished concession information for the Nova Raposo Lot. The Nova Raposo concession comprises 92km of the three highways - SP-280, SP-270, SP-029 - as well as the municipal stretch between the cities of Cotia and Embu das Artes. The main changes... More

Storage owner/operator BW ESS has agreed to acquire all remaining shares not already owned in Penso Power. BW ESS was already the largest shareholder in the company and the transaction will also see the founders of Penso Power become shareholders and members of the senior management team of the... More

German energy company Badenova has received approval to build a 36MW wind park in the southern parts of the Black Forest mountains.The Breisgau-Hochschwarzwald district administration office has granted the construction permit for the Sirnitz/Dreispitz wind farm which will consist of five Vestas... More

Pilot has received a non-binding offer from EDP Renewables APAC for the full takeover of the 376MW Three Springs solar power farm in Western Australia. Pilot said the $7.72 million (A$11.5 million) acquisition price will be settled through a series of staged payments. “The proposed sale... More

Verizon Communications has lined up $10 billion of short-term bank funding to help fund its purchase of Frontier Communications Parent Inc.Morgan Stanley is leading a group of banks on the committed bridge financing. Verizon said last month that it aimed to close the acquisition within about 18... More

Poland’s R.Power Renewables plans to issue PLN 352.2 million ($90 million) worth of secured bonds under its PLN1 billion issue programme to finance green projects.The bonds will be placed on October 30, or around that date, and will bear a variable interest of WIBOR 6M plus a margin of 3.50%.... More

The Texas Department of Transportation (TxDOT) has completed the termination of the SH 288 Comprehensive Development Agreement (CDA). The buy-out payment of $1.7 billion is anticipated to be paid off with future toll revenue bonds (debt repaid by toll revenues), ensuring that other planned... More

The Legislative Assembly of Sao Paulo has approved the law authorising the government contract for the Santos-Guaruja Tunnel public-private partnership (PPP).The project has an estimated investment of BRL6 billion ($1.07 billion) and is part of the State Investment Partnerships Program (PPI-SP). Of... More

Greek electric utility PPC is preparing to install two solar parks in Western Macedonia next year that will have a combined capacity of 1GW.The company, through an agreement with RWE, will set up the 450MW PPC Amyntaio Mine solar park on the site of the former Amyntaio open-pit lignite mine. This is... More