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  • The Buzz: Political risk

    Jul 02, 2020 - Richard Metcalf

    Last week, we published a case study on the uncertain fate of Engie and Tokyo Gas’s Golden Eagle renewable energy portfolio in Mexico in the context of President Andrés Manuel López Obrador’s controversial energy policy (PFR, 6/25). But political risk is not confined to Latin America, and project finance bankers may do well to consider the risks in the US, too.
  • Chilean developer begins permitting process

    Jul 02, 2020 - Carmen Arroyo

    Blue Light Energy, a Chilean solar developer, has begun the permitting process for two small-scale projects that are part of a 200 MW pipeline it is building in the country.
  • "Execution mode" – Tax equity scopes out carbon capture

    Jul 02, 2020 - Taryana Odayar

    The carbon capture and storage (CCS) industry has received detailed guidance on its section 45Q tax credits from the US Treasury Department and Internal Revenue Service, after a two-year wait. But with more clarity than ever on how the credits will work, traditional tax equity investors remain coy about whether they plan to leap into this potentially lucrative sector.
  • Developers secure sites for renewable energy development in Chile

    Jul 02, 2020 - Carmen Arroyo

    Chile’s Ministry of National Assets has awarded concessions for territory in the country to eight renewable companies to develop a total of 2,614 MW across eleven projects.
  • BNDES to fund Casa dos Ventos wind complex

    Jul 02, 2020 - Juliana Ennes

    Brazilian development bank BNDES has approved a loan for a 63 MW wind farm developed by Casa dos Ventos in the state of Rio Grande do Norte.
  • CIP clinches PPA for Illinois wind farm

    Jul 01, 2020 - Taryana Odayar

    Copenhagen Infrastructure Partners has signed a power purchase agreement for a 400 MW wind farm it is developing in Illinois.
  • Ibereólica, EDF close financing for Chile wind

    Jul 01, 2020 - Carmen Arroyo

    Grupo Ibereólica and EDF Energies Nouvelles have reached financial close on a deal to fund the expansion of a jointly-owned wind asset in Chile.
  • Atlas, Dow sign PPA in Brazil

    Jul 01, 2020 - Juliana Ennes

    Atlas Renewable Energy has signed a long-term power purchase agreement with chemical company Dow in Brazil.
  • Recurrent approaches financial close on Maplewood

    Jul 01, 2020 - Richard Metcalf

    Recurrent Energy has identified a buyer for its 250 MW Maplewood solar project in Texas and is preparing to close construction financing.
  • Standard Solar snags $105m tax equity deal

    Jul 01, 2020 - Taryana Odayar

    Standard Solar has closed an up to $105 million tax equity deal to finance distributed generation projects across the US.
  • Ontario wind refi reaches financial close

    Jun 30, 2020 - Taryana Odayar

    A Canadian independent power producer has refinanced a wind farm in Ontario.
  • BofA inks renewables contracts in Texas, North Carolina

    Jun 30, 2020 - Taryana Odayar

    Bank of America has signed 10-year solar power purchase agreements with NRG Energy subsidiary Reliant in Texas and Duke Energy in North Carolina.
  • Mexican renewables win reprieve in latest court ruling

    Jun 30, 2020 - Carmen Arroyo

    Mexico's Supreme Court has granted a temporary suspension of a restrictive government policy on renewable energy development in a case brought by competition authority Cofece.
  • Solar ABS appeals to investors as Covid impact muted

    Jun 30, 2020 - Richard Metcalf

    Residential solar finance company Mosaic’s foray into the recently reopened asset-backed securitization market was well received by investors, reaping a multiple-times oversubscribed order book, in part thanks to data that shows the pandemic having a limited impact on solar loans.
  • Mexican company finances resi solar portfolio

    Jun 29, 2020 - Carmen Arroyo

    IDB Invest has arranged a $15 million senior debt package for a portfolio of residential solar projects in Mexico.
  • Chile's Saggitar adds to solar pipeline

    Jun 29, 2020 - Carmen Arroyo

    Chilean developer Saggitar has grown its small-scale solar pipeline with the addition of a 9 MW project to its development backlog.
  • Tax equity investors for Colorado solar project ID'd

    Jun 29, 2020 - Taryana Odayar

    The identities of four tax equity investors participating in the financing of Idemitsu Renewables' (formerly Solar Frontier Americas) 110 MW Pioneer solar project in Colorado have been revealed.
  • Vivint seals $300m of fresh tax equity

    Jun 29, 2020 - Taryana Odayar

    Vivint Solar has secured $300 million in new tax equity financing commitments from a pair of repeat investors.
  • PPA Pulse: 1 GW PJM procurement

    Jun 27, 2020 - Shravan Bhat

    AES Solutions Management has launched a 1 GW request for proposals for carbon-free generation assets in PJM Interconnection, with expressions of interest due on Friday, June 26.
  • GIP takes ticket in Texas pipeline bond

    Jun 26, 2020 - Shravan Bhat

    Global Infrastructure Partners' credit fund GIP Spectrum has emerged as one of the key investors in the recent project bond offering for the Whistler gas pipeline in Texas.
  • Copper miner seeks partner for Alaska CCGT

    Jun 26, 2020 - Shravan Bhat

    Canadian miner Northern Dynasty is seeking input on its plan to develop a combined-cycle gas-fired project in Alaska to supply its Pebble mining operation and the surrounding area.
  • IPP eyes bank loan for California gas-fired duo

    Jun 26, 2020 - Taryana Odayar

    An independent power producer has approached the bank market for financing for a pair of aging gas-fired power plants in California.
  • Southwest to finance Mankato acquisition with project bond

    Jun 26, 2020 - Taryana Odayar

    Southwest Generation has circled financing in the private placement market for its acquisition of the 760 MW Mankato Energy Center combined-cycle gas-fired project in Minnesota.
  • Cap Vert adds to Chile solar pipeline

    Jun 26, 2020 - Carmen Arroyo

    French developer Cap Vert Energie is adding a further 9 MW to its small-scale solar pipeline in Chile.
  • ForeFront secures California solar-storage contract

    Jun 26, 2020 - Shravan Bhat

    ForeFront Power, a distributed generation developer owned by Mistui & Co, has received Fresno City Council approval for a 25 MW solar-plus-storage project in California.
  • Chile awards transmission contracts

    Jun 26, 2020 - Carmen Arroyo

    Chile's National Electric Coordinator (NEC) has awarded 18 small-scale transmission projects representing a combined investment of $57.5 million to six companies.
  • Anglo American signs PPA with Brazil's Casa dos Ventos

    Jun 26, 2020 - Juliana Ennes

    Miner Anglo American has signed the largest long-term corporate power purchase agreement for renewables in Brazil with power producer Casa dos Ventos.
  • Case study: Golden Eagle, Mexico

    Jun 25, 2020 - Carmen Arroyo

    In November 2019, Engie and Tokyo Gas reached financial close on the largest renewable portfolio in Mexico with government power purchase agreements. Seven months later, the assets are endangered by a raft of government policies, supposedly in response to the Covid-19 pandemic, but widely viewed as political.
  • Atlas readies Chilean solar project

    Jun 25, 2020 - Carmen Arroyo

    Atlas Renewable Energy, the Latin America renewables portfolio company of private equity firm Actis, is developing a 577 MW solar park in the Chilean region of Antofagasta.
  • Engie inks PPA with steel company in Chile

    Jun 25, 2020 - Carmen Arroyo

    Engie Energía Chile has signed a 15-year power purchase agreement with steel company CAP Acero.
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Latest Community

  • Jul 02, 2020 - Richard Metcalf

    The Buzz: Political risk

    Last week, we published a case study on the uncertain fate of Engie and Tokyo Gas’s Golden Eagle renewable energy portfolio in Mexico in the context of President Andrés Manuel López Obrador’s controversial energy policy (PFR, 6/25). But political risk is not confined to Latin America, and project finance bankers may do well to consider the risks in the US, too.

  • Jun 19, 2020 - Richard Metcalf

    The Buzz – California Dreamin’

    As Pacific Gas & Electric’s bankruptcy proceedings appear to roll inexorably toward resolution, owners of power and renewable energy projects tied to the utility through power purchase agreements are beginning to indulge in pleasant thoughts of a return to normal for their project finance arrangements.

  • Small Image

    Jun 19, 2020 - Richard Metcalf

    Juneteenth: Infrastructure, finance and slavery

    The anti-racism protests sparked by the death of George Floyd in Minneapolis have led, among other things, to increased recognition of Juneteenth, the anniversary of the emancipation of the last enslaved African Americans in the US.

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