Project Finance

  • Sponsor Seals Solar Debt with Merchant Tail

    Mar 27, 2017 - Olivia Feld

    CIT has arranged a $59.8 million financing with a merchant tail for a portfolio of GCL New Energy solar projects in North Carolina.
  • CIT Wins Mandate for Solar Storage Debt Raise

    Mar 27, 2017 - Fotios Tsarouhis

    Macquarie Capital has mandated CIT Bank to lead a debt raise for a 50 MW solar storage portfolio it invested equity in last year.
  • Sponsor Trio Closes Debt for PJM Gas-fired Project

    Mar 27, 2017 - Richard Metcalf

    Three sponsors have closed a $700 million debt financing for a merchant gas-fired project in Pennsylvania.
  • Infocast Solar: Market Pauses to Consider Tax Reform

    Mar 24, 2017 - Olivia Feld

    A lack of sunshine failed to dampen the mood at the Infocast Solar Power Finance & Investment Summit, which attracted approximately 1,000 attendees to the Rancho Bernardo Inn in San Diego, where the prospect of tax reform was mentioned on nearly every panel.
  • Infocast Solar: Crowded Utility-scale Debt Market Pushes Banks Toward D.G.

    Mar 24, 2017 - Olivia Feld

    New entrants to the market and a lack of power purchase agreement is creating a more competitive environment for project finance lenders and is prompting more commercial banks to look to finance distributed generation portfolios.
  • Infocast Solar: Residential Players Adapt to Changing Landscape

    Mar 24, 2017 - Olivia Feld

    Despite their companies taking a beating in the stock market, representatives of some of the leading publicly traded residential solar companies attending the Infocast Solar Power Finance & Investment Summit were keen to stress that they still have access to the capital markets.
  • Sunnova Mandates Arranger for Resi Solar Debt Raise

    Mar 23, 2017 - Richard Metcalf

    Sunnova Energy Corp. has mandated a bank to arrange a debt financing of upwards of $100 million for a 55 MW portfolio of residential solar instillations.
  • Bankers Await Chilean Transmission Bid Results

    Mar 23, 2017 - Michael Turner

    Latin America-focused project finance bankers are readying themselves for the outcome of the bidding period for trunk transmission lines in Chile in April, with a huge response expected from sponsors.
  • Hannon Armstrong to Up Tax Equity Position in Wind Portfolio

    Mar 22, 2017 - Fotios Tsarouhis

    Hannon Armstrong is increasing its tax equity stake in an approximately 600 MW portfolio comprising five wind projects in three Midwestern and Western U.S. states.
  • ArcLight to Amend and Extend Term Loan B

    Mar 21, 2017 - Richard Metcalf

    ArcLight Capital Partners is amending and extending a term loan B it secured last year to refinance a 5 GW portfolio of gas-fired merchant projects it had acquired from Tenaska Capital Management the year before.
  • Sponsors Complete Repricing of “Lightstone” Term Loan B

    Mar 20, 2017 - Richard Metcalf

    Blackstone and ArcLight Capital Partners have completed the repricing of a term loan B to finance their joint acquisition of a 5.3 GW portfolio of generation assets from American Electric Power.
  • Sunnova Seeks Debt Financing for Resi Portfolio

    Mar 20, 2017 - Fotios Tsarouhis

    Sunnova Energy Corp. is seeking upwards of $100 million of debt for a 55 MW portfolio of residential solar assets for which the developer secured a tax equity commitment earlier this month.
  • LAEIFF 2017: Reporter's Notebook

    Mar 17, 2017 - Power Finance & Risk

    A big winner in the first Mexican power auction is expected by some to eschew project finance in favor of balance sheet funding, but PFR readers know differently.
  • Sunnova Closes First Tax Equity Commitment

    Mar 16, 2017 - Fotios Tsarouhis

    Sunnova Energy Corp. has sealed its maiden tax equity investment, securing $80 million from U.S. Bank for the development of residential solar instillations.
  • Argentina Plans Summer PPA Auction

    Mar 16, 2017 - Michael Turner

    Argentina is planning a round of energy auctions this year, the country's energy minister said days after the World Bank approved a $480 million guarantee to promote private investment in the country’s renewable sector.
  • Vivint Extends BAML Aggregation Facility

    Mar 15, 2017 - Olivia Feld

    Vivint Solar has pushed out the maturity date on its $375 million revolving credit facility arranged by Bank of America Merrill Lynch.
  • Ontario Teachers' Provides $2B for Transmission J.V. with Mass. Sponsor

    Mar 15, 2017 - Fotios Tsarouhis

    Ontario Teachers’ Pension Plan will provide $2 billion for North American transmission projects through a recently established joint venture with Anbaric.
  • LAEIFF 2017: Structures in Crosshairs as Banks Land Mexico Renewables Mandates

    Mar 15, 2017 - Richard Metcalf

    As banks gear up for the first financings for renewable projects that were awarded contracts in Mexico’s inaugural post-reform power auctions, attendees at the Euromoney Seminars 11th Annual Latin America Energy and Infrastructure Finance Forum in Miami discussed a range of structures that could be deployed in the region.
  • Carso Energy Seals Debt for Mexico Gas Pipeline Project

    Mar 14, 2017 - Richard Metcalf

    A $535 million debt financing that closed last week for the Samalayuca-Sasabe gas pipeline in Mexico is one of the last of a wave of deals funding the build-out of the country’s trunk network.
  • Sponsors to Reprice Term Loan B in Hotter Market

    Mar 12, 2017 - Richard Metcalf

    The Blackstone Group and ArcLight Capital Partners initiated a repricing of a term loan B on Friday, just three months after the deal was originally sealed, as they seek to take advantage of improved market conditions for issuers.
  • Carlyle Refis Georgia Gas-fired Facilities

    Mar 10, 2017 - Richard Metcalf

    The Carlyle Group has partly refinanced a 1,066 MW portfolio of gas-fired plants in Georgia, having removed two assets from the collateral package, with implications for a series of bonds related to the portfolio.
  • Texas IPP Hires Restructuring Adviser

    Mar 09, 2017 - Richard Metcalf

    ExGen Texas Power, a subsidiary of Exelon Corp. that owns 3,477 MW of gas-fired generation in Texas, has hired a restructuring adviser amid tough conditions in the ERCOT market.
  • Canadian Solar Gets Debt for Brazil Projects

    Mar 09, 2017 - Michael Turner

    Canadian Solar has received $20 million of unsecured funding from the China and Portuguese-speaking Countries Co-operation and Development Fund (CPDFund) to fund the construction of renewable projects in Brazil, including its Pirapora I solar project in Minas Gerais.
  • Details Emerge on LS Power Peaker Refi.

    Mar 08, 2017 - Richard Metcalf

    LS Power refinanced two peakers in Illinois in early February, PFR has learned. Like other recently signed loans backing gas-fired projects in PJM Interconnection, the deal attracted interest from South Korean investors.
  • LS Power Upsizes Loan for TransCanada Asset Buy-up

    Mar 08, 2017 - Richard Metcalf

    LS Power has increased the size of a term loan B financing its acquisition of a portfolio of assets from TransCanada and tightened the pricing on the deal, which has attracted a lot of interest from investors.
  • Pattern Seals Debt for Québec Wind Project

    Mar 07, 2017 - Richard Metcalf

    Pattern Energy has closed a C$263 million ($196 million) debt financing for a 147 MW wind project in Québec.
  • Yieldco Adds Debt to Ontario Solar Projects

    Mar 06, 2017 - Richard Metcalf

    TerraForm Power has raised an additional C$114 million ($86 million) of project-level debt secured on its 60 MW utility-scale solar portfolio in Ontario.
  • Cheniere Taps Private, Public Debt Markets for Sabine Pass

    Mar 03, 2017 - Richard Metcalf

    Cheniere Energy priced a $1.35 billion of debt for its Sabine Pass LNG liquefaction project in Louisiana in the public bond market on Feb. 28 after closing an $800 million private placement for the same project the previous week.
  • Duke Unit Seals Private Debt for “Texoma” Wind Portfolio

    Mar 02, 2017 - Richard Metcalf

    Duke Energy Renewables closed a privately placed debt financing for a roughly 700 MW portfolio of operational wind projects in Texas and Oklahoma in January, PFR has learned.
  • SFIG Vegas: Commercial Solar Lenders Plot ABS Growth

    Mar 01, 2017 - Power Finance & Risk

    There is plenty of room for growth in commercial solar securitization, SFIG Vegas attendees heard on Tuesday, and lenders need capital markets access to fund it. But the lack of scale in the market is a key hurdle, creating a ‘catch 22’ situation.
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  • Small Image

    Mar 17, 2017 - Power Finance & Risk

    LAEIFF 2017: Reporter's Notebook

    A big winner in the first Mexican power auction is expected by some to eschew project finance in favor of balance sheet funding, but PFR readers know differently.

  • Small Image

    Mar 10, 2017 - Power Finance & Risk

    The Buzz: Nothing is Certain, Not Even Taxes

    Bankers are blaming a slow start to the year in U.S. renewables project finance on uncertainty around corporate tax reform, but activity could pick up once developers get their heads around the risks.

  • Small Image

    Feb 10, 2017 - Power Finance & Risk

    #PowerTweets - Feb. 13

    The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.

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