Project Finance

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  • Canadian Solar wins PPAs in Brazil

    Nov 24, 2020 - Juliana Ennes

    Canadian Solar has been awarded power purchase agreements with BTG Pactual and state-owned power company Furnas for 862 MW (DC) of solar capacity in Brazil.
  • Nautilus nabs tax equity for community solar

    Nov 24, 2020 - Richard Metcalf

    Nautilus Solar Energy has signed a tax equity commitment with an investment bank for a portfolio of 14 community solar projects in four US states.
  • Rebranded developer Vesper inks LC facility

    Nov 23, 2020 - Richard Metcalf

    Vesper Energy, the renewables development platform that was recently acquired and rebranded by Magnetar Capital, has signed a letter of credit facility to fund development activity.
  • Leeward closes on Texas wind repowering

    Nov 23, 2020 - Richard Metcalf

    Leeward Renewable Energy has reached financial close on the tax equity financing of its Sweetwater 3 Wind Farm repowering project in Texas.
  • EPM's Ituango talks pushed back to December

    Nov 23, 2020 - Carmen Arroyo

    The conciliation hearing between Colombia's Empresas Públicas de Medellín (EPM) and the construction firms in charge of its 2.4 GW Ituango hydro project in the department of Antioquía has been postponed.
  • EDPR scores tax equity for brace of wind farms

    Nov 23, 2020 - Richard Metcalf

    EDP Renewables North America has lined up a tax equity investor for a pair of wind farms it is developing in Colorado and Indiana.
  • Activos en Renta grows Chilean solar portfolio

    Nov 23, 2020 - Carmen Arroyo

    A subsidiary of the Spanish conglomerate Activos en Renta Grupo Corporativo is developing a 471.29 MW (DC) solar project in the Chilean region of Antofagasta.
  • GenOn closes debt for California gas-fired pair

    Nov 23, 2020 - Richard Metcalf

    GenOn Energy has closed a $250 million debt package to lever up two vintage gas-fired projects in California.
  • Masdar to lever up US renewables

    Nov 23, 2020 - Richard Metcalf

    The Abu Dhabi Future Energy Co, also known as Masdar, is working on a holding company financing to lever up its portfolio of renewable energy assets in the US.
  • Investors eye Colombia amid LatAm's political uncertainty

    Nov 20, 2020 - Carmen Arroyo

    As several of the Latin American countries that used to be favorites for foreign investors have become less hospitable and stable in recent months, market participants are taking a fresh look at Colombia and the opportunities it offers in power and renewables.
  • IFC, Santander partner for green financing

    Nov 20, 2020 - Carmen Arroyo

    The International Finance Corp has partnered with Santander's subsidiary in Brazil to expand green financing in the country.
  • China’s Envision commissions Argentinian wind farm

    Nov 20, 2020 - Carmen Arroyo

    Chinese sponsor Envision Energy has commissioned a 50 MW wind project in the Argentinian province of Buenos Aires.
  • Atlas to raise funds for Brazil solar project

    Nov 20, 2020 - Juliana Ennes

    Actis portfolio company Atlas Renewable Energy is raising financing for the construction of a 359 MW solar project in Brazil.
  • Equinor appoints financial adviser for Empire Wind

    Nov 20, 2020 - Richard Metcalf

    Norwegian energy company Equinor has appointed a bank to oversee the financing of the 816 MW Empire Wind project off the coast of New York, which it co-owns with BP.
  • Canadian Solar prepares Brazil fund

    Nov 19, 2020 - Carmen Arroyo

    Canadian Solar is preparing the launch of a fund in Brazil as part of a broader strategy to establish capital partnerships with investors worldwide.
  • Vermont-based developer finds corporate debt

    Nov 19, 2020 - Richard Metcalf

    Vermont-based solar and energy storage developer Encore Renewable Energy has obtained a corporate loan to finance development activity.
  • Sunrun signs 10-year contract for "virtual power plant"

    Nov 19, 2020 - Richard Metcalf

    Residential solar company Sunrun has signed a 10-year resource adequacy contract with Southern California Edison for a portfolio of battery storage projects in California.
  • Chilean developer seeks wind farm permit

    Nov 18, 2020 - Carmen Arroyo

    Chile’s Grupo AQM has begun the permitting process for a 36 MW wind farm in the Chilean region of Aysén.
  • Refi in works for Astoria Energy

    Nov 18, 2020 - Richard Metcalf

    Astoria Energy, which owns two gas-fired assets in Queens, New York, is preparing a refinancing of its term loan B debt.
  • China's CGN secures PPA in Brazil

    Nov 18, 2020 - Carmen Arroyo

    The Brazilian subsidiary of China's CGN Energy has signed a five-year power purchase agreement for the output of a wind farm in the country with generation and trading company Bolt Energy.
  • Solaria refinances Uruguay solar duo

    Nov 18, 2020 - Carmen Arroyo

    Spain’s Solaria Energía y Medio Ambiente has closed a deal with a development bank and an insurance company to refinance a pair of solar projects in Uruguay totaling 23 MW.
  • Sempra makes FID on LNG export project in Mexico

    Nov 17, 2020 - Carmen Arroyo

    Sempra Energy's subsidiaries IEnova and Sempra LNG have reached a final investment decision on the addition of liquefaction facilities to the Energía Costa Azul (ECA) LNG terminal in Mexico.
  • Enel adds solar park to Chilean pipeline

    Nov 17, 2020 - Carmen Arroyo

    The Chilean subsidiary of Enel Green Power is developing a 163 MW solar park in Chile’s Antofagasta region, which will be part of the 2 GW renewable portfolio Enel aims to operate by 2022.
  • Furnas awards wind, solar contracts in Brazil

    Nov 17, 2020 - Juliana Ennes

    Brazilian state-controlled power company Furnas has awarded 15 contracts to solar and wind projects with a combined capacity of around 1 GW following an auction.
  • Chilean developer grows solar portfolio

    Nov 16, 2020 - Carmen Arroyo

    Chile's Grupo Energy Lancuyen is adding a 9 MW solar unit to its PMGD (Pequeños Medios de Generación Distribuida) distributed generation portfolio in Chile.
  • Swap breakage costs weigh on Chilean transmission refi

    Nov 16, 2020 - Carmen Arroyo

    Interchile is grappling with high swap breakage costs in the run-up to its proposed refinancing of a Chilean transmission line in the bond market.
  • Steelmaker signs PPA with EDF for Texas solar

    Nov 13, 2020 - Richard Metcalf

    Steelmaker Nucor Corp has signed a virtual power purchase agreement with EDF Renewables North America for the output of a 250 MW solar project in Texas.
  • IDB preps second deal for Chilean power sector

    Nov 13, 2020 - Carmen Arroyo

    IDB Invest is preparing a second debt package for Chilean power companies impacted by last year's power price freeze.
  • Return of the two-digit margins

    Nov 13, 2020 - Richard Metcalf

    The apparently unstoppable trend of ever-tightening project finance margins finally hit the buffers in March 2020. But now, even as the pandemic continues to rage, the race to the bottom is back with a vengeance.
  • Chile's 2021 power auction approved

    Nov 13, 2020 - Carmen Arroyo

    Chile’s National Energy Commission (NEC) has approved the terms for a power auction that will take place in 2021.
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