Project Finance

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  • Q2 League Table: Project Bonds Fill MUFG’s Sails as Wind Slows

    Jul 20, 2017 - Richard Metcalf

    MUFG retained its number one spot in the North American power project finance mandated lead arranger league table for the first half of 2017, as gas-fired deals attracted institutional capital, while wind financing hit a lull.
  • EDP Reveals Size of Wind Tax Equity Deal

    Jul 20, 2017 - Fotios Tsarouhis

    Bank of New York Mellon is investing $370 million of tax equity in an EDP Renewables North America wind project trio totaling nearly 300 MW.
  • Terna Signs ‘First Ever’ Green Project Finance Loan

    Jul 19, 2017 - Michael Turner

    Italian transmission company Terna has signed $81 million in project finance loans to build a 500 kV project in Uruguay, in a deal that BBVA is claiming to be the first ever green loan in a project finance format.
  • Morgan Stanley Pays off Gas-fired Project Debt

    Jul 18, 2017 - Richard Metcalf

    Morgan Stanley has repaid debt associated with a gas-fired project it recently acquired in PJM Interconnection as it seeks to make the asset produce a dependable yield.
  • U.S. Renewable Energy Institutional Investor Roundtable

    Jul 17, 2017 - Power Finance & Risk

    In June, officials from KeyBanc Capital Markets, Prudential Capital Group, Voya Investment Management and BlackRock discussed the latest trends U.S. renewable project finance with PFR.
  • Huntec Adds Two More Solar Plants to Mexico Portfolio

    Jul 13, 2017 - Michael Turner

    Spain’s Huntec is due to begin constructing two Iberdrola solar projects totaling 370 MW in Mexico from the end of July via its Mexican subsidiary.
  • Chile Unveils Auction Timeline for Fall

    Jul 13, 2017 - Michael Turner

    Chile will accept proposals for a 2,200 GWh auction on October 11, with 20-year power purchase agreements up for grabs across seven supply blocks.
  • Acciona Pens Certificates Contract with CFE

    Jul 13, 2017 - Michael Turner

    The Mexican subsidiary of Spain’s Acciona has signed two contracts to sell clean energy certificates to a subsidiary of Mexico’s Comisión Federal de Electricidad that supplies electricity to large users.
  • NRG Nets Debt, Equity for Texas Wind Project

    Jul 10, 2017 - Fotios Tsarouhis

    NRG Energy has secured debt and equity commitments for its 100.5 MW Buckthorn wind project, which is in late-stage development in Erath County, Texas.
  • Macquarie Joins Forces with Ex-Recurrent Staff

    Jul 10, 2017 - Olivia Feld

    Macquarie Infrastructure Corp., has invested in a new renewables development shop founded by former Recurrent Energy employees.
  • GE, YPF Secure Debt for Argentina Gas-fired Projects

    Jul 07, 2017 - Olivia Feld

    GE Energy Financial Services and a subsidiary of YPF have closed financing for two gas-fired projects in Argentina, which GE says is the first power plant project financing in the country in almost 20 years.
  • AES Seals $2B for California Southland Projects

    Jul 06, 2017 - Olivia Feld

    AES Corp., has closed a $2 billion non-recourse financing for the 1.4 GW Southland projects in Southern California.
  • Sponsors Seek Debt for Canadian Wind Project

    Jul 06, 2017 - Fotios Tsarouhis

    A utility company and two consortiums representing local governments are raising project financing for a wind facility under construction in Canada.
  • BNDES Eases Solar Funding Rules

    Jul 06, 2017 - Michael Turner

    The Brazilian Development Bank has tinkered with the way it accredits solar systems and modules at a national level, in a move that bank and commercial bankers say should prompt more funding flow to smaller renewables companies.
  • Lake Charles LNG Given Authority to Expand

    Jul 06, 2017 - Olivia Feld

    The Lake Charles LNG project under development in Louisiana has been granted authorization to export additional gas.
  • Sponsors Raise ECA-Wrapped Debt for Chile Merchant Solar Project

    Jun 28, 2017 - Michael Turner

    An international consortium of sponsors has lined up a $73.31 million debt financing, partly insured by one of Japan's two export credit agencies, for a merchant solar project in Chile.
  • Developer Lands Community Solar Project Finance

    Jun 28, 2017 - Fotios Tsarouhis

    United States Solar Corp. has lined up project finance from a renewables-focused investment manager for upward of 100 MW of community solar assets in Minnesota.
  • Alterra Nets Loan Expansion for Texas Wind Project

    Jun 28, 2017 - Richard Metcalf

    Alterra Power has secured additional debt under an existing loan from AMP Capital Investors to help finance a hedged wind project in Texas.
  • Timeline Cut Short for Mass. Offshore Wind RFP

    Jun 27, 2017 - Olivia Feld

    Regulators in Massachusetts have shortened the timeline for a proposed request for proposals for up to 800 MW of offshore wind generation.
  • IPP Lines up Club for Peaker Acquisitions

    Jun 27, 2017 - Richard Metcalf

    An independent power producer has assembled a club of banks to arrange acquisition financing for a pair of gas-fired peakers it is buying in PJM Interconnection.
  • Moody’s Downgrades Texas Coal-fired Project Debt

    Jun 27, 2017 - Richard Metcalf

    Moody’s Investors Service has downgraded approximately $1.05 billion of debt associated with a 945 MW partially-contracted coal-fired project in Texas from B2 to B3.
  • Blackstone’s Fisterra Wraps Mexico CCGT Financing

    Jun 26, 2017 - Michael Turner

    Fisterra Energy closed financing totaling $620 million for its 875 MW Tierra Mojada gas-fired project plant in Mexico on Friday, with a club of banks providing a term loan and letters of credit.
  • Midwest Utility Issues Wind RFP after Pre-Qualifying Turbines

    Jun 26, 2017 - Olivia Feld

    A utility company has issued a wind generation request for proposals, after it pre-qualified a potential 200 MW wind generation project for the production tax credit.
  • Details Emerge on AES Private Placement

    Jun 22, 2017 - Richard Metcalf

    AES Corp. priced a $1.5 billion private placement, to partially finance its AES Southland portfolio of gas-fired and battery storage assets in California, last week.
  • REFF Wall Street: A New Class of Tax Equity Investor

    Jun 22, 2017 - Fotios Tsarouhis

    A new class of tax equity investor is ready to enter the market, said speakers at the 14th annual REFF Wall Street conference in New York.
  • EDF is Main Beneficiary in Latest Round of BNDES Wind Loans

    Jun 22, 2017 - Michael Turner

    Électricité de France received the lion’s share of R$1.037 billion ($311 million) of wind project financing recently announced by Brazil’s National Bank of Economic and Social Development (BNDES), as the company continues its push into Brazilian renewables.
  • Carlyle Wraps Upsized Acquisition Loan for Illinois Peakers

    Jun 21, 2017 - Richard Metcalf

    The Carlyle Group has sealed acquisition financing for a trio of gas-fired peakers in Illinois that the firm is buying from Rockland Capital.
  • Sovereign Bond Paves Way for Argentinian Renewables Shops

    Jun 20, 2017 - Michael Turner

    Companies linked to Argentina’s RenovAr renewables program could use the good sentiment built up by the sovereign’s $2.75 billion 100-year bond, priced on June 19, to print their own debt in the capital markets, say bond syndicate bankers.
  • Brookfield Refis New England Hydro Portfolio

    Jun 19, 2017 - Richard Metcalf

    Brookfield Renewables wrapped a private placement last week to refinance a merchant hydro portfolio in New England.
  • Pattern Seeks Debt for Canadian Wind Project

    Jun 15, 2017 - Fotios Tsarouhis

    Pattern Development is seeking construction and long-term debt financing for a wind project in the Henvey Inlet First Nation in Parry Sound County, Ontario.
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