Project Finance

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  • PPA Pulse: Indiana utilities load up on solar

    Feb 26, 2021 - Richard Metcalf, Taryana Odayar, Ila Patel

    Two utilities in the Hoosier State recently awarded contracts to solar projects due to be online in 2023, including a relatively rare build-transfer deal.
  • European sponsor looks to build two solar projects in Chile

    Feb 26, 2021 - Carmen Arroyo

    Trinergy, the Chilean subsidiary of Swiss-German company Tritec-Intervento, is seeking permits for a pair of small-scale solar projects.
  • Georgia Power issues sustainability bond

    Feb 26, 2021 - Richard Metcalf, Taryana Odayar

    Georgia Power has issued its first sustainability bond – which is similar to a green bond but with an expanded list of eligible projects that include social initiatives.
  • Altus preps largest community solar project in Hawaii

    Feb 26, 2021 - Taryana Odayar

    Altus Power America plans to start construction on a 4.5 MW ground-mounted solar project in Kapolei, Hawaii, on the island of O'ahu, which is expected to be the largest community renewable energy project in the state.
  • CenterPoint secures $1.7bn of commitments to weather Uri

    Feb 26, 2021 - Taryana Odayar

    CenterPoint Energy has secured $1.7 billion in financing commitments to help weather the impact of winter storm Uri in Texas.
  • PFR Review and Outlook Roundtable February 2021

    Feb 26, 2021 - Power Finance & Risk

    In February, for the first time, Power Finance & Risk brought together representatives of the bank loan, private placement, term loan B and tax equity markets with a project sponsor to discuss the state of project finance, how they coped with the Covid-19 pandemic and what is in store for 2021.
  • EDP Brasil to buy distributed solar platform

    Feb 26, 2021 - Carmen Arroyo

    EDP Energias do Brasil has reached a deal to buy AES Brasil's distributed solar platform in Brazil.
  • AES Brasil clinches wind PPA

    Feb 26, 2021 - Carmen Arroyo

    AES Brasil has signed a 20-year power purchase agreement with ferroalloys company Companhia de Ferro Ligas da Bahia-Ferbasa.
  • Impact of Texas freeze on generation assets begins to emerge

    Feb 26, 2021 - Taryana Odayar

    As winter storm clouds pass over Texas, frozen natural gas pipelines thaw out and icy wind turbine blades start spinning again, project finance professionals and investors are starting to form a clearer picture of the fallout for power generation assets in the state.
  • Wells Fargo passes $10bn tax equity mark

    Feb 25, 2021 - Taryana Odayar

    Wells Fargo's tax equity investments in wind, solar and fuel cell projects in the US have surpassed the $10 billion mark.
  • Solar project added to Solek’s Chilean pipeline

    Feb 25, 2021 - Carmen Arroyo

    Solar developer Solek is preparing to start construction in October on an additional 9 MW solar project in Chile, bringing the total size of its planned small-scale solar portfolio in the country to 233.5 MW (DC).
  • Enel to supply concrete firm in Chile

    Feb 25, 2021 - Carmen Arroyo

    Enel Generación Chile has signed a 22-year power supply agreement with Chilean cement company Melón.
  • AES signed PPAs totaling 3 GW in 2020

    Feb 25, 2021 - Taryana Odayar

    AES Corp detailed power purchase agreements for 3 GW of renewable and energy storage projects across the Americas that the company's subsidiaries signed in 2020 as it released its year-end financial results.
  • CenterPoint outlines Indiana solar PPA

    Feb 24, 2021 - Taryana Odayar

    CenterPoint Energy is requesting regulatory approval for a power purchase agreement for an Indiana solar project.
  • PREPA issues RFP for renewables, batteries

    Feb 24, 2021 - Ila Patel

    The Puerto Rico Electric Power Authority has issued a request for proposals for private partners to develop 1 GW of renewable energy capacity and 500 MW of battery energy storage on the island.
  • AES Brasil moves forward with wind complex

    Feb 24, 2021 - Carmen Arroyo

    AES Brasil has received approval to start construction on the first two phases of the up-to-582.8 MW Tucano wind complex in the Brazilian state of Bahia.
  • AES renames and rebrands subsidiaries

    Feb 24, 2021 - Taryana Odayar

    AES Corp subsidiaries Indianapolis Power & Light Co and Dayton Power and Light Co have announced that they will go by new names as part of a rebranding.
  • Holdco debt for Florida LNG project set to close imminently

    Feb 24, 2021 - Taryana Odayar

    A $147 million debt raise for the construction of a small-scale LNG facility in Florida is slated to close imminently.
  • CapDyn preps Indiana solar build-transfer

    Feb 24, 2021 - Taryana Odayar

    Capital Dynamics is developing a 300 MW solar project in Posey County, Indiana, to be sold to a utility company once it is online.
  • Saesa solar projects to supply observatories in Chile

    Feb 23, 2021 - Carmen Arroyo

    Grupo Saesa has begun the permitting process for a pair of small-scale solar projects in the Chilean region of Antofagasta that will supply power to astronomical observatories.
  • Developer locks in financing for solar in DC

    Feb 23, 2021 - Richard Metcalf

    New Columbia Solar has rounded up tax equity and debt financing for a portfolio of 50 distributed solar projects in the District of Columbia.
  • Mixed results for hedged Innergex projects in Texas

    Feb 22, 2021 - Taryana Odayar

    Innergex Renewable Energy says that its renewable energy assets in Texas, which have hedges with Citi and Shell Energy North America, have been affected both positively and negatively as a result of the chilling winter weather in the state.
  • Algonquin to lose up to $55 million over Texas wind hedges

    Feb 22, 2021 - Taryana Odayar

    Algonquin Power & Utilities Corp could lose up to $55 million as a result of the Texas winter storms, which have caused its hedged wind projects to freeze over, undercutting revenues.
  • Solek adds eight small-scale solar assets

    Feb 22, 2021 - Carmen Arroyo

    Solar developer Solek has begun the permitting process for eight small-scale solar projects totaling some 73 MW in Chile.
  • Invenergy works with IDB on Uruguay wires financing

    Feb 22, 2021 - Carmen Arroyo

    Invenergy subsidiary Tealov is working with IDB Invest to finance the construction of a transmission line in Uruguay.
  • NRG earnings call postponed amid hearings

    Feb 22, 2021 - Taryana Odayar

    NRG Energy has pushed back its fourth quarter 2020 earnings call because the company's CEO is tied up dealing with the fall-out of the recent power crisis in Texas.
  • CapDyn inks Indiana solar PPA

    Feb 22, 2021 - Taryana Odayar

    Capital Dynamics has secured a power purchase agreement for a 150 MW solar project it is developing in Indiana.
  • Arroyo Energy preps permit for Chilean solar

    Feb 19, 2021 - Carmen Arroyo

    Arroyo Energy has begun the permitting process for a 126 MW solar project in the Chilean region of Antofagasta.
  • Chilean gencos to add tranche to securitization

    Feb 19, 2021 - Carmen Arroyo

    A group of Chilean generation companies (gencos) affected by the country's 2019 power price freeze are preparing a private placement to securitize deferred receivables that will represent the second tranche of a bond issued ten days ago.
  • Case Study: Lighthouse Renewable

    Feb 19, 2021 - Taryana Odayar

    When Clearway Energy Group recently offloaded a 1.6 GW portfolio of renewable energy assets to its yieldco Clearway Energy, third-party co-investor Hannon Armstrong Sustainable Infrastructure Capital opted for an unusual capital structure, swapping out common equity for preferred equity instead.
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    Feb 19, 2021 - Richard Metcalf

    Is there any problem securitization can’t fix?

    Securitization exists in the public consciousness primarily as a shadowy corner of the capital markets in which out-of-control financial engineering causes global economic meltdowns. Could it be due a reappraisal?

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    Jan 29, 2021 - Richard Metcalf

    Paint it SPAC

    Recently, it seems that every day brings blank check company news, whether it’s an initial public offering or a merger. But could a privately held renewable energy project developer go public this way by the end of the year?

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    Jan 22, 2021 - Richard Metcalf

    Better late than never

    The years-long stampede of international capital into the US renewable energy sector has continued unabated in the first few weeks of 2021, as latecomers from around the world have finally got in on the action.

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