Private equity-backed power development company Sithe Global Power sells stake in Goreway Station combined cycle power plant
9th September 2009
Independent power development company Sithe Global Power, through its wholly-owned affiliate, Goreway Luxembourg Holdings, has sold a 25 per cent ownership interest in Goreway Station, an 875MW combined cycle power generating facility, to Chubu Electric Power Goreway, a wholly-owned subsidiary of Chubu Electric Power Company, Inc. and Toyota Tsusho Goreway Netherlands, a wholly-owned subsidiary of Toyota Tsusho Corporation.
James Hall-Smith of HSBC discusses the drivers behind the growth of the European renewable energy scene and the opportunities this affords to infrastructure investors and project financiers alike.
‘I think there is an increased interest from a corporate governance and sustainability perspective. This makes many institutions focus on this area. There is also a recognition of the drivers behind environmental infrastructure, from the fundamentals of creating the best opportunity to tackling climate change, whilst also looking to gain energy security and satisfy the social and political drivers.'