Project Finance

  • MS Infra Partners Closes Red Oak Refi

    Dec 12, 2018 - Richard Metcalf

    Morgan Stanley Infrastructure Partners has closed the refinancing of its 805 MW Red Oak combined-cycle project in New Jersey.
  • Engie Lands Municipal Utility PPA for Texas Solar Project

    Dec 12, 2018 - Stuart Wise

    Engie has clinched a 15-year power purchase agreement with a municipal utility for a portion of the output of a 255 MW solar project in Texas.
  • Term Loan B in Works for Recently Completed PJM Gas-fired Project

    Dec 12, 2018 - Richard Metcalf, Shravan Bhat

    The owners of a gas-fired combined-cycle project in Pennsylvania that began operations in November have mandated a bank to lead a refinancing of its debt in the term loan B market.
  • Siemens Hires In-house Project Finance Lawyer from N.Y. Firm

    Dec 12, 2018 - Richard Metcalf

    Siemens Corp. has hired an attorney who was previously a partner at a New York law firm as a senior in-house counsel specializing in project finance equity investments.
  • LS Power Finances Transmission Projects

    Dec 12, 2018 - Richard Metcalf

    LS Power has financed a pair of under-construction U.S. transmission projects with a combination of holding company and operating company debt.
  • Ranger Power Inks 35-Year Solar PPA

    Dec 11, 2018 - Stuart Wise

    Solar developer Ranger Power has signed a 35-year power purchase agreement with a utility company for the output of a 199 MW project in Indiana.
  • BNP's Advani Appointed to Coverage Leadership Role

    Dec 11, 2018 - Richard Metcalf

    BNP Paribas managing director Ravina Advani has been appointed head of energy, natural resources and renewables in the firm's coverage division.
  • CPPIB's Cordelio Refis Recently Acquired Renewables

    Dec 11, 2018 - Michael Turner

    Cordelio Power has issued a C$858.2 million ($639.6 million) dual-tranche private placement to refinance a 249 MW portfolio of renewables in Ontario that the Canadian Pension Plan Investment Board-owned company bought in June.
  • Cox Forges Ahead with Chile Solar Project

    Dec 10, 2018 - Juliana Ennes

    Spain's Cox Energy has obtained environmental permits for a 308 MW solar project in Chile's Atacama desert region that the developer expects to cost €240 million ($271 million).
  • CoServ Takes Final Slice of Lapetus Solar Output

    Dec 10, 2018 - Stuart Wise

    Electric co-operative CoServ Electric has signed a second power purchase agreement for an additional 26.5 MW from 7X Energy’s Lapetus solar project in Andrews County, Texas.
  • LNG Developer Seals Bridge Loan

    Dec 07, 2018 - Shravan Bhat

    Morgan Stanley has provided Venture Global with a bridge facility for its Calcasieu Pass LNG export terminal in Louisiana.
  • Iberdrola Caps Financing of Mexico Wind Farm with Brewery Offtaker

    Dec 07, 2018 - Juliana Ennes

    Iberdrola has reached financial close on the 220 MW Pier IV wind project in the Mexican state of Puebla, which is contracted under a power purchase agreement with Mexican brewery Grupo Modelo.
  • Financial Close in Sight for Mexico's First Merchant Solar Project

    Dec 07, 2018 - Juliana Ennes

    Fotowatio Renewable Ventures is nearing financial close on its 290 MW Potrero solar project in the Mexican state of Jalisco, which will sell its output entirely into wholesale markets.
  • PPA PULSE: Silicon Ranch, Strata Win Contracts in Georgia

    Dec 07, 2018 - Stuart Wise, Shravan Bhat

    This week's PPA Pulse showcases the variety of end users procuring renewables, with deals involving social media company Facebook, chip maker Intel Corp., industrial gas producer Air Liquide, Brazilian telecom company The Claro Group and two universities.
  • CPV Shore Refi Launched into Tough Term Loan B Mart

    Dec 07, 2018 - Richard Metcalf, Shravan Bhat

    The owners of the Woodbridge Energy Center, also known as CPV Shore, have launched a debt refinancing into the shaky term loan B market, where challengin conditions have recently prompted other borrowers to pull or delay deals.
  • Georgia Coop Reveals Solar Projects Linked to Facebook Deal

    Dec 06, 2018 - Shravan Bhat

    Georgia electric co-operative Walton Electric Membership Corp. has signed power purchase agreements with three solar projects in the state to supply a Facebook data center.
  • Oregon Term Loan B Refi Pushed into Next Year

    Dec 06, 2018 - Richard Metcalf

    The term loan B refinancing of the 869 MW Oregon Clean Energy Center in Ohio is understood to have been postponed until next year amid tough conditions in the leveraged finance market.
  • CPV Shore Refi Gets Rating from Moody's

    Dec 06, 2018 - Richard Metcalf

    Moody's Investors Service has assigned a rating to the roughly $545 million term loan B package that is in the market for the refinancing of Competitive Power Ventures' Woodbridge Energy Center gas-fired project in New Jersey.
  • Salt River Inks PPA to Supply Chip Maker in Arizona

    Dec 06, 2018 - Stuart Wise

    Salt River Project has selected a 100 MW solar project in Arizona to supply an Intel Corp. semiconductor factory under a 15-year deal.
  • Starwood Appoints Chief of Infra, Energy Lending

    Dec 05, 2018 - Ila Patel

    Starwood Capital Group has hired Armin Rothauser to head up the firm's recently established transport, infrastructure and energy lending arm.
  • Term Loan B Refi in Market for N.J. CCGT

    Dec 05, 2018 - Shravan Bhat

    Investors are considering a term loan B that is in the market to refinance an operational combined-cycle gas-fired facility in New Jersey.
  • Brazilian Telecom Co. Signs Wind PPA With Engie

    Dec 05, 2018 - Stuart Wise

    Brazilian telecom giant The Claro Group has signed a power purchase agreement with Engie Brasil for 30 MW of output from its Campo Largo Wind Farm in the Brazilian state of Bahia.
  • Fengate, Longroad Plot Maine Wind Financing

    Dec 05, 2018 - Shravan Bhat

    Fengate Asset Management and Longroad Energy Partners are set to come to the project finance market in the first half of 2019 for their 72.6 MW Weaver wind project in Hancock County, Maine.
  • Mexico's Fourth Power Auction Postponed Again

    Dec 04, 2018 - Juliana Ennes

    Mexico's power system operator Cenace has further postponed the country's long-awaited fourth long-term power auction.
  • Investec Launches Debt Deal for Primary Energy

    Dec 04, 2018 - Richard Metcalf

    Investec has launched a $250 million debt facility into syndication to refinance Primary Energy Recycling Corp., a portfolio of behind-the-fence generation assets located at steel mills in Indiana.
  • AltaGas Canada Prices 10-Year Bond

    Dec 04, 2018 - Taryana Odayar

    AltaGas Canada is slotting another pieces of its capital structure into place, a $300 million senior unsecured bond that will allow the listed AltaGas spin-off to repay an inter-company loan from its parent.
  • Nominations for Deal of 2018 Awards Now Open

    Dec 04, 2018 - Power Finance & Risk

    Power Finance & Risk is now accepting pitches for Deal of the Year as part of its 16th Annual Deals and Firms of the Year Awards, recognizing excellence in power asset M&A and project finance across the Americas.
  • Brazos Supersizes Texas Solar Order

    Dec 03, 2018 - Stuart Wise, Taryana Odayar

    Brazos Electric Power Cooperative has asked 7X Energy to increase the amount of generation it will buy from the developer's Lapetus solar project in Texas in order to satisfy the appetite of its members for solar.
  • Stanford Inks Second Solar PPA

    Dec 03, 2018 - Stuart Wise

    Stanford University, which has been buying solar generation since 2016, has signed a 25-year power purchase agreement for a second solar project in California.
  • Bond Refi for Peruvian Wind Farms

    Dec 03, 2018 - Staff Writer

    Sigma Fondo de Inversion en Infraestructura recently acquired two operational wind projects in Peru's Ica province and refinanced them with a $250 million U.S. private placement.
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