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.

June 20th 2017
EDF, Canadian Solar Join Forces For One Of The Largest Solar Projects In LATAM

EDF Energies Nouvelles has acquired an 80% interest in the Pirapora II PV project (115 MWp) from Canadian Solar Inc., which is retaining a 20% stake and manufacturing the PV panels locally. It marks the latest step by EDF in Brazil’s renewable energy sector. With this addition, it now has 489 MW under construction, consisting of 183 MW (wind) and 306 MWp (solar). The project is located close to Pirapora I (191 MWp), also jointly owned by both companies. With a total installed capacity of over 300 MWp, the energy generated by both projects will cover the annual electricity consumption of 323,000 Brazilian homes.

June 23rd 2017
Indian Firm Wins 1.8GW Sweihan Order; The Largest Solar PV Project In The World

Indian company Sterling and Wilson has won the contract for the world’s largest single location solar PV project. The Sweihan project in Abu Dhabi is for turnkey EPC as well as O&M; and is jointly developed by Japanese investment firm Marubeni, Chinese solar company Jinko Solar, and Abu Dhabi Water and Electricity Authority (ADWEA). It will deliver a capacity of 1177 MWp, surpassing the current largest 850 MWp single location plant in China. In March 2017, Marubeni and Jinko had signed a 25-year PPA with ADWEA on a tariff of $0.0242/kWh, making Sweihan also the plant with the lowest electricity price so far.

June 23rd 2017
Wind Power Can Provide Energy On Coldest Days: Met Office, Imperial College

A new study by climate scientists has advanced the understanding of the potential for wind power to provide energy during the coldest spells of winter weather. The team, which involved scientists from the Met Office Hadley Centre, Imperial College London and the University of Reading, compared wind power availability with electricity demand in winter and they found an interesting result. The team found that during the highest 5% of energy demand days, one-third produce more wind power than the winter average. “The very coldest days are associated with a mix of different weather patterns, some of which produce high winds in parts of the UK.