21 April 2016 2016 11:56 AM GMT

Hydropower Driving Ecuador Towards 100% Electricity Generation From Clean Energy

The $11.5 million hydropower project consists of the construction of a hydropower plant that will have an output of 5.5MW and will be developed in the northern part of Ecuador.  The government provides tax incentives for such projects to encourage the further development of clean energy projects.

Capital Corp Merchant Banking has been much involved in the financing of renewable energy projects over the last 15 years, recognizing the importance of clean energy sources and taking particular interest in these types of projects around the world.

The funding structure it has devised consists of providing its client with US$3.5M in common stock, US$8M in debenture.  The method by which this project is to be funded is the brainchild of Gilles A. Herard Jnr. Mr. Herard is a seasoned merchant banker and has been in the banking industry for 38 years.  As the head of Capital Corp Merchant Banking, he has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp. Mr. Herard has received numerous awards for his work and other contributions including being appointed to the Presidential Business Commission, Honorary Co-Chairman of the Business Advisory Council, and having received the Senatorial Medal of Freedom, among many others.

Capital Corp Merchant Banking offers Merchant Banking services for a variety of projects worldwide. It has developed close working relationships with groups of Professionals: Specialists in Finance, Commercial Risks Insurance and Re-Insurance, International Accounting Firms and Law Firms, and the largest Valuation Firm in the world. It believes its solution-oriented approach and reputation for being a leading flexible funding source in the market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction, including renewable energy projects. Capital Corp Merchant Banking offers many services: Project Financing, Business Debt Restructuring, Consulting, Negotiating Services, Acquisitions, and Investment Approach.

October 20th 2017
Amazon Launches Biggest Wind Farm Yet, Generating Over 1,000,000 MWh Each Year

Amazon has announced that its largest wind farm yet—Amazon Wind Farm Texas—is now up and running, adding more than 1,000,000 MWh of clean energy to the grid each year. In total, Amazon has launched 18 wind and solar projects across the US, with over 35 more to come. Together, they will generate enough clean energy to power over 330,000 homes annually. The Farm includes more than 100 turbines – each over 300 feet tall with a rotor diameter more than twice the wingspan of a Boeing 787. It is built, owned, and operated by Lincoln Clean Energy (LCE).

October 10th 2017
Enel Starts Construction Of Australia’s Largest Solar PV Project

The Bungala Solar One facility is part of the Bungala Solar PV Project and will have an installed capacity of 137.7 MW out of a total of more than 275 MW for the whole project, that will be able to produce 570 GWh per year. The facility will cover an area of approximately 300 hectares and will consist of about 420,000 polycrystalline PV modules mounted on single-axis tracker structures which will follow the Sun’s path from east to west; increasing the amount of energy produced by the plant, compared to PV modules with fixed structures. The overall Bungala Solar PV project is expected to become fully operational in early 2019.

October 16th 2017
Uganda Inaugurates Breakthrough Tororo PV Plant. A Future Model For Africa?

Production has commenced at the Tororo PV power plant; which, with 16 GWh of renewable energy generated annually, will cater for the energy requirements of 35,838 people and help reduce CO2 emissions by 7,200 tons. Overall, $19.6 million was invested to build the 10 MWp plant, with the engagement of several major organisations including KfW and FMO Development Banks, the World Bank and the EU. Attilio Pacifici, EU Ambassador said, “One of the key objectives of this plan is to encourage private sector participation in higher risk investments and we’re happy to demonstrate that Uganda is well positioned to be successful and a good model for replication.”


 

   

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