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EU Approves Siemens-Gamesa Wind Mega-Merger

The European Commission yesterday approved plans for Siemens to merge its wind business with Spanish rival Gamesa in a bid to create the world’s largest wind farm manufacturer by market share. The deal, first announced last June, marks a significant…

Banks Bags £210m for UK Treble

Banks Renewables has secured £210m in finance to support the construction of three UK wind farms totalling 151MW. The UK outfit worked with lenders Macquarie Infrastructure Debt Investment Solutions, Santander, ING, National Australia Bank and Rabobank to seal the funding.…

EDPR Plans Portugal Wind Sale

EDP Renewables Europe is to sell a 49% stake in a portfolio of wind farms in Portugal totalling 422MW to ACE Portugal Sàrl for €242m. ACE Portugal Sàrl is owned by ACE Investment Fund II, which is a subsidiary of…

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