Project Finance

  • Dominion Lines Up PPA for First Onshore Wind in Virginia

    Oct 18, 2019 - Richard Metcalf

    Dominion Energy is readying a power purchase agreement with Virginia's onshore wind project as well as build transfer deals for several solar projects in the state as part of a deal to supply the state government with renewable energy.
  • Revenue Put Market Falters, Forcing PJM Developers to Look Elsewhere

    Oct 18, 2019 - Richard Metcalf

    After hedge providers got burned earlier this year on deals for new-build gas-fired projects in PJM Interconnection, they are quoting revenue puts at pricing that no longer makes as much sense for CCGT developers, forcing them toward alternatives.
  • EDF and Omega Close Financing on Pirapora II

    Oct 18, 2019 - Juliana Ennes

    EDF Renewables and Omega Energia have closed on the financing of the second phase of Brazil's largest solar complex—Pirapora II.
  • Wells Signs Structured Solar Deal with NRG's Reliant

    Oct 17, 2019 - Stuart Wise

    Wells Fargo has signed a 10-year structured renewable energy agreement with Reliant Energy, the Texas retail energy subsidiary of NRG Energy.
  • Argentina Leaves Door Open in Renovar Round Three

    Oct 17, 2019 - Carmen Arroyo

    Argentina's Undersecretariat of Renewable Energy has extended the deadline to present reworked offers for projects that qualified for the third round of its renewables procurement program, RenovAr, but were not awarded power purchase agreements.
  • TERP Eyes Triple Wind Repowering

    Oct 17, 2019 - Shravan Bhat

    TerraForm Power is seeking around $141 million in third-party financing to repower three wind projects fitted with Clipper turbines.
  • OPDEnergy to Develop Wind Farm in Chile

    Oct 17, 2019 - Carmen Arroyo

    Spanish solar developer OPDEnergy is working on its first wind farm, a 50 MW project in Chile.
  • Cubico Taps Tried and Tested Trio for Solar Loan

    Oct 16, 2019 - Shravan Bhat

    Three European banks have provided a solar project construction loan for repeat customer Cubico Sustainable Investments.
  • CCGT Debt Tweak Prompts Four-notch Rating Upgrade

    Oct 16, 2019 - Shravan Bhat

    Fitch Ratings has upgraded the debt associated with Ares Management’s 620 MW Kleen Energy Systems dual-fuel project in Connecticut by four notches following an amend-and-extend deal in July.
  • Spanish Developer Tees Up Financing for Panama Solar Project

    Oct 16, 2019 - Carmen Arroyo

    Spanish developer Avanzalia Solar has lined up financing for a 150 MW solar project it is building in Panama.
  • LS Power Launches Granite Refi

    Oct 16, 2019 - Shravan Bhat

    LS Power has kicked off a $1.5 billion refinancing for its nearly 5 GW Granite Generation portfolio of gas-fired projects in PJM Interconnection.
  • Uruguay Postpones Solar Tender

    Oct 15, 2019 - Carmen Arroyo

    Uruguay’s state-owned utility company Administración Nacional de Usinas y Transmisiones Eléctricas (UTE) has postponed the tender for a 65 MW solar project.
  • Lightsource Debt, Hedge in Sight for Texas Solar Project

    Oct 15, 2019 - Taryana Odayar

    Lightsource BP is nearing agreements with a lead arranger and hedge provider for a development-stage solar project in Texas as a financial adviser scouts for tax equity on the developer's behalf.
  • Saskatchewan Tees Up Wind RFP

    Oct 15, 2019 - Richard Metcalf

    Saskatchewan's Crown-owned utility, SaskPower, is preparing to launch a request for proposals for 300 MW of wind capacity to come online in 2023 or 2024.
  • Allianz Inks Corpus Christi LNG Refi

    Oct 14, 2019 - Shravan Bhat

    Allianz Global Investors has provided a $727 million private placement to refinance a portion of bank debt associated with Cheniere Energy's Corpus Christi gas liquefaction and LNG export terminal in Texas.
  • PPA Pulse: Contracts Abound in Mexico, Brazil, U.S.

    Oct 11, 2019 - Stuart Wise, Richard Metcalf, Juliana Ennes, Carmen Arroyo

    With Mexico’s government-run power auctions on ice, developers are pushing forward with renewable projects there on the basis of contracts with corporate offtakers. Meanwhile, utilities and non-utilities are signing up for wind and solar in the U.S. and Brazil.
  • U.S. Sponsors Steer Solar Equipment into Tax Credit Safe Harbor

    Oct 11, 2019 - Taryana Odayar

    Solar equipment safe harbor deals that have been in the works since the first half of the year have begun to reach financial close in the last few weeks, starting with a dual-tranche transaction for Recurrent Energy.
  • Iberdola and Alquimara to Invest in Mexican Solar Plant

    Oct 11, 2019 - Carmen Arroyo

    Spain’s Iberdrola and Mexico’s investment firm Grupo Alquimara have announced the development of a 300 MW solar plant in Mexico.
  • Market Participants Await Clarity on Mexico CCGT Tenders

    Oct 11, 2019 - Carmen Arroyo

    Developers are waiting to see the details of tenders for thermal projects to be issued by the Federal Electricity Commission (CFE) in the coming weeks before deciding whether to bid on them, amid uncertainty around the Mexican state utility's intentions.
  • Fisterra, deAcero Pursue Financing and PPAs for Mexican CCGT

    Oct 11, 2019 - Juliana Ennes, Carmen Arroyo

    Blackstone portfolio company Fisterra Energy and steel company Grupo deAcero are still seeking financing and offtakers for a 1,350 MW gas-fired combined-cycle project in Mexico.
  • Canadian Solar Wins Contracts for Three Brazil Solar Projects

    Oct 11, 2019 - Juliana Ennes

    Canadian Solar has announced that it has won long-term contracts for three solar projects totaling 393.7 MW (DC) in two private corporate auctions held in Brazil in the third quarter.
  • Sunrun Returns with Second Solar ABS Offering of 2019

    Oct 10, 2019 - Jennifer Kang

    Residential solar finance company Sunrun is preparing a $312.4 million securitization deal backed by a portfolio of leases and power purchase agreements, marking the first time the issuer has tapped the ABS market twice in one year.
  • Natixis Finances Reden Solar Portfolio in Chile

    Oct 10, 2019 - Carmen Arroyo

    French developer Reden Solar has secured financing from Natixis for a 100 MW solar portfolio in Chile.
  • Petrobras, Equinor Team Up for Gas, Power Projects in Brazil

    Oct 10, 2019 - Juliana Ennes

    Petrobras and Equinor have signed a memorandum of understanding for the joint development of midstream gas and gas-fired power projects in Brazil.
  • Brazilian Transmission Project Reaches Financial Close

    Oct 10, 2019 - Juliana Ennes

    Chimarrão Transmissora de Energia has reached financial close on a R$2.24 billion ($546 million) transmission project in Brazil.
  • IEnova Adds Third Offtaker to Mexican Solar Project

    Oct 10, 2019 - Carmen Arroyo

    Infraestructura Energética Nova (IEnova) has signed a third power purchase agreement with a non-utility for a solar project it is developing in Mexico.
  • Details Emerge on Recurrent Safe Harbor Loan

    Oct 09, 2019 - Taryana Odayar

    Details have emerged on a loan arranged by a club of banks to finance the purchase of solar modules by Recurrent Energy to safe harbor the equipment for the investment tax credit ahead of the step-down in the incentive at the end of the year.
  • Cubico and Celsia to Build Colombian Solar Portfolio

    Oct 09, 2019 - Carmen Arroyo

    British developer Cubico Sustainable Investments and Colombia's Celsia have announced a partnership to develop a solar portfolio in Colombia.
  • EDPR Signs Private PPA in Mexico

    Oct 09, 2019 - Carmen Arroyo

    EDP Renováveis has revealed the price of a corporate power purchase agreement for a 100 MW wind project it is developing in Mexico.
  • Enerside to Develop Solar Plant in Brazil

    Oct 09, 2019 - Carmen Arroyo

    Spain’s Enerside Energy has reached an agreement to develop a 322.06 MW (DC) solar project in the state of Piauí, Brazil.
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