Project Finance

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  • Tax Equity for Indiana Wind Farm

    Aug 23, 2019 - Shravan Bhat

    A wind farm under development in MISO will require tax equity once it is handed over to an Indiana utility under a build-transfer.
  • Holy Cross Energy Inks Wind PPA

    Aug 23, 2019 - Stuart Wise

    Colorado’s Holy Cross Energy has signed a power purchase agreement with NGC Partners for 100 MW of output from the 150 MW Arriba Wind Farm, which is being co-developed with Guzman Energy.
  • Ariz. University Signs 20-Year Wind, Solar PPA With Tucson Electric

    Aug 23, 2019 - Stuart Wise

    The University of Arizona has signed a 20-year power purchase agreement with Tucson Electric Power for a portion of the output from new solar and wind projects.
  • PPA Pulse: Avangrid Wind Deals

    Aug 22, 2019 - Shravan Bhat

    Avangrid Renewables has signed three 10-year power purchase agreements with the California Choice Energy Authority (CalChoice) for the output from its 22.44 MW Mountain View III Wind Farm.
  • Argentine Retailer Strikes Wind PPA

    Aug 22, 2019 - Stuart Wise

    Argentine retail chain Libertad has inked a five-year power purchase agreement with Pampa Energia for the output from its 53 MW Pampa Energia II Wind Farm.
  • Brazilian LNG-to-power Plant Begins Loan Drawdown

    Aug 21, 2019 - Juliana Ennes

    A consortium comprising Prumo Logistics, BP and Siemens has begun drawing down on debt for its 1.3 GW GNA I gas-fired power plant in Brazil.
  • Financial Close Reached for Calcasieu Pass LNG Project

    Aug 21, 2019 - Taryana Odayar

    Venture Global LNG has closed the financing of its Calcasieu Pass LNG facility and associated TransCameron Pipeline in Cameron Parish, La.
  • Choppy Waters for Vineyard Wind

    Aug 21, 2019 - Shravan Bhat

    The eight-strong banking group that had been assembled to finance Avangrid Renewables' and Copenhagen Infrastructure Partners' 800 MW Vineyard offshore wind farm is waiting in the wings as federal permitting issues threaten to push back commercial operations dates and alter tax equity investments.
  • PG&E to Charter Chapter 11 Exit Plan

    Aug 20, 2019 - Taryana Odayar

    Restructuring experts have weighed in on the recent Pacific Gas & Electric Corp. rulings from U.S. Bankruptcy Court judge Dennis Montali, including one stipulating that the embattled California utility has exclusive rights over determining its Chapter 11 exit strategy—seen as a “positive” for stakeholders with projects that have PG&E offtakes.
  • Avangrid Inks Trio of Calif. Wind Repowering PPAs

    Aug 20, 2019 - Stuart Wise, Shravan Bhat

    Avangrid Renewables has signed three 10-year power purchase agreements with the California Choice Energy Authority (CalChoice) for the output from its 22.44 MW Mountain View III Wind Farm.
  • Connecticut Issues Offshore Wind RFP

    Aug 19, 2019 - Elliot Hayes

    Connecticut’s Department of Energy & Environmental Protection (DEEP) has issued an RFP for offshore wind projects with a combined capacity of up to 2,000MW.
  • Ares Invests in Utility-Scale Solar Developer

    Aug 19, 2019 - Taryana Odayar

    Ares Management Corp. has invested in a North Carolina-based utility-scale solar developer, marking its ninth investment in the solar sector.
  • Sponsors Explore CCGT Refi

    Aug 19, 2019 - Shravan Bhat

    The owners of a combined-cycle gas-fired project in the northeast have begun reaching out to banks about refinancing construction debt.
  • PPA Pulse: Gap Tries 90 MW PPA on for Size

    Aug 16, 2019 - Stuart Wise

    This month saw fashion retailer Gap sign a 12-year virtual power purchase agreement for 90 MW from a wind project in North Dakota as well as solar deals in growing markets like Michigan, Louisiana and Utah, as well as a wind deal in Texas.
  • PFR Project Finance Midyear Review

    Aug 16, 2019 - Richard Metcalf

    In July, Power Finance & Risk teamed up with Bracewell to host a panel on the key project finance trends we saw in the first half of the year. Experts from Capital Dynamics, CohnReznick Capital and NextEra Energy also laid out what the market can expect in the next six months.
  • Sponsor Closes Chilean Solar Project Financing

    Aug 15, 2019 - Juliana Ennes

    TGSF has reached financial close on its 190 MW (DC) Santa Isabel solar project in Chile.
  • E.On Signs Austin Energy To 12-Year Wind PPA

    Aug 15, 2019 - Stuart Wise

    Texas’ Austin City Council has approved a 12-year power purchase agreement between E.ON Climate & Renewables and Austin Energy for 200 MW of output from the 440 MW Big Raymond wind farm.
  • Engie Chile Inks 15-Year Solar PPA With British Developer

    Aug 14, 2019 - Stuart Wise

    Engie Energía Chile has inked a 15-year power purchase agreement with U.K.-based Atlas Renewable Energy for the output from the at-least 230 MW Sol del Desierto plant.
  • Geronimo Lines Up Tax Equity for Wind Duo

    Aug 13, 2019 - Shravan Bhat

    Geronimo Energy is working with a range of tax equity investors on two of its wind farms that are under construction.
  • Utah Utility Group Inks PPA With Navajo Tribe

    Aug 13, 2019 - Stuart Wise

    Utah Associated Municipal PowerSystems, on behalf of sixteen members utilities, has signed a 25-year power purchase agreement with a Navajo tribal authority that is developing a solar project on its territory in Utah.
  • Colombia's Termoyopal Finances Gas-fired Plant Expansions

    Aug 13, 2019 - Juliana Ennes

    Colombian generator Termoyopal has reached financial close on loans for the expansion of its five-unit gas-fired plant in the department of Casanare.
  • Pair of New Orleans Solar PPAs Win Approval

    Aug 13, 2019 - Stuart Wise

    The New Orleans City Council has approved three renewable energy projects totaling 90 MW for Entergy New Orleans, including two with 20-year power purchase agreements that are being developed by a third party.
  • Credit Rating Results in Slashed Loan Margin for CCA Project

    Aug 13, 2019 - Shravan Bhat

    The developer of a California solar project that has a power purchase agreement with Peninsula Clean Energy Authority is expecting to save on the cost of project debt and enjoy looser terms after the community choice aggregator obtained an investment grade credit rating in May.
  • Pricing Emerges on TerraForm D.G. Solar Loan

    Aug 12, 2019 - Richard Metcalf

    The margin on a loan secured by TerraForm Power to finance three portfolios of distributed solar projects totaling 137.7 MW has been revealed.
  • PPA Pulse: PG&E Seeks Approval for Discounted Contracts

    Aug 09, 2019 - Stuart Wise, Taryana Odayar

    Pacific Gas & Electric is seeking the approval of the U.S. Bankruptcy Court and California Public Utilities Commission for reduced-price power purchase agreements and energy storage contracts with three developers.
  • Sponsor Pair Signs Solar PPA

    Aug 09, 2019 - Stuart Wise

    Orion Renewable Energy and MAP Energy have secured a 25-year power purchase agreement for a solar project they are jointly developing in Michigan.
  • Silicon Ranch Plots Solar Sale-Leaseback Switch

    Aug 08, 2019 - Taryana Odayar

    Solar developer Silicon Ranch Corp. is replacing a sale-leaseback tax equity structure it used to finance a solar project in Georgia in 2013 with a new sale-leaseback involving two regional banks.
  • PG&E Seeks Approval for Discounted PPAs

    Aug 08, 2019 - Taryana Odayar

    Pacific Gas & Electric is seeking the approval of the U.S. Bankruptcy Court and California Public Utilities Commission for reduced-price power purchase agreements and energy storage contracts with three developers.
  • Invenergy, AMP Add Debt to Thermal Portfolio

    Aug 07, 2019 - Shravan Bhat

    Invenergy and AMP Capital have launched an incremental term loan B to fund a debt-fueled distribution from their Invenergy Thermal Operating I joint venture.
  • Debt Raise Underway for Antin's District Energy Biz Acquisition

    Aug 07, 2019 - Taryana Odayar

    Antin Infrastructure Partners is working with a group of seven banks on a loan to finance its $1.25 billion acquisition of Veolia’s District Energy Networks business.
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Latest Community

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    Jul 19, 2019 - Taryana Odayar

    China Gallops Away With Guinness Solar Record

    China has set a Guinness World Record for the largest solar panel image, which takes the pattern of a galloping horse and is equivalent in size to 195 football pitches.

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    Jun 27, 2019 - Shravan Bhat

    Ercot Dispatch: A Competitive Hedge

    With single-digit reserve margin forecasts drawing solar, battery and peaker developers to Texas in droves, PFR reporter Shravan Bhat visited Houston last week to catch up with the Ercot community and assess the market for power price hedges.

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    Jun 21, 2019 - Taryana Odayar

    Reporter's Notebook: Project Sales & Cocktails at NYSE

    Early-stage renewable energy projects exceeding 1 GW were auctioned off at a novel event on the trading floor of the New York Stock Exchange last Monday, hosted by Akin Gump, Novogradac, DNV GL and FTI Capital Advisors.

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