Aviva provides financing for Hornsea offshore wind project
Aviva Investors has announced it has provided financing to Diamond Transmission Partners for the purchase of offshore transmission operator (OFTO) assets at Hornsea One, the world’s biggest offshore wind farm. The transaction was carried out on behalf of Aviva UK Life’s annuity business and further extends Aviva Investors’ commitment to the Hornsea One project, with the business having originally provided GBP 400 million (US$ 556 million) of financing in 2018 to help fund its construction.
Hornsea One, owned by Ørsted Wind Power A/S and Global Infrastructure Partners (‘GIP’), is a 1.2GW asset located off the East Coast of England. Consisting of 174 Siemens 7MW wind turbine generators, it was the first wind farm to have more than 1GW of capacity and produces enough energy to power over one million UK homes.
Country updates
-
-
March 19, 2021
DTP to acquire Hornsea 1 transmission assets
Hornsea 1 Limited, a joint venture owned by Ørsted (50 %) and Global Infrastructure Partners (GIP) (50 %), announced that it has signed an agreement for the sale of its transmission a...
Read more -
March 18, 2021
ENGIE and Equitix sign contract for housing PPP project in Pritchatts Park Village
ENGIE and Equitix have signed a contract with the University of Birmingham to transform Pritchatts Park student accommodation village into a modern, low carbon campus. ENGIE will also undertake...
Read more -
March 17, 2021
Sequoia Economic Infrastructure Income Fund raises GBP 110 million
Sequoia Economic Infrastructure Income Fund (SEQI) has raised GBP 110 million (US$ 152 million) by share placing order. The raised money will be used to repay outstanding debt and new invest...
Read more -
March 16, 2021
Schroders raised EUR532 million for 2nd Infrastructure debt Fund
Schroders announced that it has raised EUR532 million (USD 634.80 million) for the Schroder Euro Enhanced Infrastructure Debt Fund II (Julie II), following a successful first close which raised €...
Read more -
March 15, 2021
Final close announced for HarbourVest Real Assets Fund IV
HarbourVest Partners announced the final close of its infrastructure and real assets fund 'Real Assets Fund IV'. The Fund closed in late December 2020 at US$ 456 million and included commitments from...
Read more
