Project Finance

  • Transmission Co. Issues Private Placement

    Apr 07, 2020 - Shravan Bhat

    An American Electric Power subsidiary closed long-term financing for operating transmission projects across the central U.S.
  • EnfraGen Targets Financial Close on Chile Solar

    Apr 07, 2020 - Carmen Arroyo

    EnfraGen, a subsidiary of U.S.-based Glenfarne Group, is aiming to close the financing of a roughly 200 MW solar portfolio in Chile by the end of summer.
  • Engie Finances Brazil Wind with BNDES

    Apr 07, 2020 - Juliana Ennes

    Engie’s subsidiary in Brazil has signed financing with development bank BNDES to fund several wind parks totaling 361.2 MW in the country.
  • Second Tax Equity Investor Revealed for Amadeus Wind Farm

    Apr 06, 2020 - Shravan Bhat

    Berkshire Hathaway Energy has been identified as the second tax equity investor in BayWa r.e.’s 250 MW Amadeus plant in Texas.
  • European Investor Scouts for U.S. Community Solar

    Apr 06, 2020 - Shravan Bhat

    British-Italian private equity firm NextEnergy Capital has agreed to invest in a development-stage community solar portfolio in upstate New York and is looking to back other community solar developers across the U.S.
  • TriSummit Utilities, Formerly AltaGas Canada, Issues $100 Million Bond

    Apr 06, 2020 - Taryana Odayar

    TriSummit Utilities, the Calgary-based utility and renewables company that was known as AltaGas Canada until last week, has priced a seven-year senior unsecured bond.
  • CapDyn Tees Up Coronal Acquisition Financing

    Apr 06, 2020 - Taryana Odayar

    Capital Dynamics is aiming to close debt financing for its acquisition of Coronal Energy's operating portfolio over the coming weeks.
  • Sponsor Seeks Financing for Chile Solar Duo

    Apr 06, 2020 - Carmen Arroyo

    A sponsor has been looking to finance two solar projects in Chile for several months, albeit unsuccessfully so far.
  • Sunnova Secures Bigger Line of Credit

    Apr 06, 2020 - Shravan Bhat

    Residential solar finance company Sunnova has negotiated additional headroom, twice in quick succession, under a project finance warehouse loan.
  • Colombian Industry Group Seeks Extensions for Wind, Solar Projects

    Apr 06, 2020 - Carmen Arroyo

    Colombia's Renewable Energy Association (SER) has requested an extension in the construction timelines of solar and wind parks awarded contracts during Colombia's renewable auction last fall.
  • Mexico Quietly Postpones Tenders Amid Economic Turmoil

    Apr 04, 2020 - Carmen Arroyo

    Mexico has pushed back the procurement process for three combined-cycle gas-fired projects and a transmission line until the end of spring, as the country’s economy reels and the Federal Electricity Commission (CFE), which is running the process, suffers a credit rating downgrade.
  • Capital Power Raises Financing for Cardinal Wind Project

    Apr 03, 2020 - Taryana Odayar

    Capital Power Corp. has closed a tax equity investment from two U.S. financial institutions for its 150 MW Cardinal Point wind project in McDonough and Warren Counties, Ill.
  • Arkansas Utility Greenlights Solar PPA with Lightsource

    Apr 03, 2020 - Stuart Wise

    The board of directors of utility Conway Corp. has approved a 20-year power purchase agreement with Lightsource BP for the output of the developer’s 132 MW Conway Solar project in Arkansas.
  • Avenue Capital Raises Holdco Debt on Peaker Duo

    Apr 03, 2020 - Shravan Bhat

    Avenue Capital Group recently levered up a pair of simple-cycle gas-fired peaking projects in PJM Interconnection with a layer of holdco debt.
  • Starwood to Invest in Carbon Capture Project

    Apr 03, 2020 - Taryana Odayar

    Starwood Energy Group Global and OGCI Climate Investments have agreed to co-invest in the development of a large-scale carbon capture facility to be integrated into a gas-fired power plant.
  • Austrian Developer Plots Chilean Solar

    Apr 03, 2020 - Carmen Arroyo

    Vienna-headquartered AustrianSolar is moving forward with the development of a 141 MW solar project in Chile.
  • Colombia Postpones Transmission Tender

    Apr 03, 2020 - Carmen Arroyo

    Colombia’s Mines and Energy Planning Unit (UPME) has pushed back by three weeks the procurement process for a transmission line in the country’s Caribbean region.
  • C&I Solar Developer Tweaks Portfolio Debt

    Apr 02, 2020 - Shravan Bhat

    Commercial and industrial-scale solar True Green Capital (TGC) changed the structured of a loan package to draw down on debt for two projects in different U.S. states.
  • Winners Emerge in Panama Short-Term Power Auction

    Apr 02, 2020 - Carmen Arroyo

    Panama's state-owned transmission company Etesa has awarded short-term power purchase agreements with distribution companies to 18 generation companies.
  • Sponsor Tests Waters for Mexican CCGT Refi

    Apr 02, 2020 - Carmen Arroyo

    The sponsor of a combined-cycle gas-fired plant in Mexico has begun talks with bankers to refinance the asset after it starts operations.
  • Bank Loan Market Enters Price Discovery Mode

    Apr 02, 2020 - Richard Metcalf

    Covid-19 may have put an end to the days of two-digit margins on construction loans, but while project finance bankers generally agree that pricing is set to widen, the question remains—by how much?
  • Case Study: Central Penn Gas Pipeline

    Apr 01, 2020 - Shravan Bhat

    One of the last remaining publicly-listed renewable energy yield companies in the U.S., NextEra Energy Partners, made a major fossil fuel investment last year when it acquired a stake in the 185-mile Central Penn gas pipeline in Pennsylvania for $1.37 billion. The financing included tightly priced term debt and a complex convertible equity deal.
  • Solar PMGD Portfolio in Chile Closes Financing

    Apr 01, 2020 - Carmen Arroyo

    The non-bank financial institution Corporación Interamericana para el Financiamiento de Infraestructura (CIFI) has provided a debt package for a solar portfolio developed under Chile’s PMGD (Pequeños Medios de Generación Distribuida) distributed generation scheme.
  • Engie, Antofagasta Ink Deal to Switch from Coal-fired Power to Renewables

    Apr 01, 2020 - Carmen Arroyo

    Engie Energía Chile has agreed to acquire a stake in a coal-fired power plant from Chilean copper producer Antofagasta Minerals while inking an 11-year renewable energy power purchase agreement with the mining company.
  • German Developer Composes Amadeus Wind Deal

    Apr 01, 2020 - Shravan Bhat

    German renewables developer BayWa r.e. has closed the financing for its 250 MW Amadeus project in Texas and has hired a financial adviser to sell the asset.
  • Mexico Postpones CCGT and Transmission Tenders

    Apr 01, 2020 - Carmen Arroyo

    Mexico's Federal Electricity Commission (CFE) has quietly pushed back the procurement processes for combined-cycle gas-fired plants and a transmission line until the end of spring as a result of the Covid-19 pandemic.
  • Mexico CCGT Tender Delayed Amid Economic Turmoil

    Mar 31, 2020 - Carmen Arroyo

    The procurement process for an 860 MW CCGT project in Mexico has been pushed back by several weeks as the country's economy reels and state-owned utility Comisión Federal de Electricidad, which is running the process, suffers a credit rating downgrade.
  • New Energy Solar Secures Revolver

    Mar 31, 2020 - Taryana Odayar

    Australian fund manager New Energy Solar has secured a $55 million revolver to support the development, construction and operation of its 680 MW U.S. solar portfolio.
  • R.I. Regulator OKs D.E. Shaw Solar PPA

    Mar 31, 2020 - Stuart Wise

    The Rhode Island Public Utilities Commission has approved 20-year power purchase agreements between three utilities and a solar project owned by D.E. Shaw Renewable Investments.
  • Ecuador Postpones Galapagos Solar Tender

    Mar 30, 2020 - Carmen Arroyo

    Ecuador's state-owned Ecuador Electric Corporation (CELEC) has delayed the tender for a 14.8 MW (DC) solar project with a battery storage unit on the Galapagos islands.
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