Project Finance

  • Sponsor Taps Adviser to Raise Equity for Dual-ISO CCGT

    Feb 19, 2019 - Shravan Bhat

    The developer of a new build dual-fuel combined-cycle facility in central Pennsylvania that is designed to sell its output into both PJM Interconnection and New York ISO has hired a boutique investment bank to circle equity funding for the project.
  • Ituango to Compete in Colombian Power Auction

    Feb 19, 2019 - Juliana Ennes

    Empresas Públicas de Medellín’s Ituango hydro project will participate in Colombia’s power procurement, which is scheduled for the end of the month.
  • Direct Energy Signs Up for California Solar

    Feb 19, 2019 - Ila Patel

    Sunpin Solar and Centrica subsidiary Direct Energy Business have announced a power purchase agreement for the recently completed ColGreen North Shore Power Plant solar project in California.
  • Canadian Solar Wins Alberta PPAs

    Feb 15, 2019 - Shravan Bhat

    Alberta’s Ministry of Infrastructure has awarded Canadian Solar three solar power purchase agreements totaling 94 MW.
  • Axium Seals Brooklyn Navy Yard Refi

    Feb 15, 2019 - Ila Patel

    Axium Infrastructure has closed a multi-tranche refinancing of the senior debt associated with the 286 MW Brooklyn Navy Yard Cogeneration Partners dual-fuel project in New York, which it acquired last year from Ares-EIF.
  • PPA Pulse: EDP Chalks Up First Deals of 2019

    Feb 15, 2019 - Shravan Bhat

    EDP Renewables recently signed two wind power purchase agreements as the race for contracts gets underway for another year.
  • Colorado's Platte Hands Out 20-year Solar PPA

    Feb 15, 2019 - Stuart Wise

    Colorado’s Platte River Power Authority has signed a 20-year power purchase agreement for the output of a second solar project at the site of its Rawhide Energy Station.
  • Bidders Line Up as Brazil Extends Deadline in Northern Power Auction

    Feb 14, 2019 - Juliana Ennes

    The names of several bidders have been revealed in the latest Brazilian auction for contracts to supply the north of the country as the authorities delay the process to allow more companies to participate.
  • Bank Lands Role on Phoebe Solar Follow-up Deal

    Feb 14, 2019 - Shravan Bhat

    After selling its landmark Phoebe solar project to Innergex Renewable Energy last year, Longroad Energy has hired a bank to lead on the project financing of a second hedged solar project in Texas.
  • Home Depot Inks 15-Year Wind PPA

    Feb 13, 2019 - Stuart Wise

    Home Depot has signed a 15-year power purchase agreement for a portion of the output of a 200 MW wind project in Kansas.
  • Shell, Pátria, Mitsubishi Join Forces for Brazilian CCGT

    Feb 12, 2019 - Juliana Ennes

    Shell, Pátria Investimentos and Mitsubishi Hitachi Power Systems have established a joint venture to build and operate a gas-fired combined-cycle project in Rio de Janeiro state.
  • EDP Inks PPA for Colorado Wind Farm

    Feb 12, 2019 - Stuart Wise

    EDP Renewables has obtained a 15-year power purchase agreement for a 104 MW wind project in Colorado.
  • Texas Wind Farm Nears Financial Close

    Feb 12, 2019 - Shravan Bhat

    The tax equity raise for a hedged wind project in Texas is set to close next week.
  • Skyline Seals Tax Equity for Freshly Acquired Wind Portfolio

    Feb 12, 2019 - Taryana Odayar

    Skyline Renewables has secured tax equity financing for a 117 MW wind portfolio that it recently acquired.
  • Offshore Wind Financings Gather Speed

    Feb 11, 2019 - Shravan Bhat

    Financing activity on two U.S. offshore wind projects is gathering pace as lenders and tax equity investors size up the massive opportunity on the horizon.
  • 2018 League Tables: MUFG Maintains Dominance in North America

    Feb 08, 2019 - Richard Metcalf

    MUFG once again topped the full-year North America league table for 2018, as power and renewables project finance volumes dipped slightly versus 2017.
  • Natixis Snags Advisory Mandate for Offshore Wind Project

    Feb 08, 2019 - Taryana Odayar

    European developer US Wind has appointed Natixis Securities Americas as financial adviser for the first phase of its ambitious offshore wind project in Maryland.
  • PPA Pulse: University PPA Signing Hots Up by Degrees

    Feb 08, 2019 - Stuart Wise, Richard Metcalf

    The University at Buffalo has launched a request for proposals, jointly with several other Upstate New York institutions, for 100 MW of onsite and offsite renewables as it joins the growing ranks of colleges signing power purchase agreements.
  • Caithness Tapped Korean Mezz Investors for Wind Project Deal

    Feb 07, 2019 - Shravan Bhat

    Caithness Energy secured mezzanine financing from South Korean investors to support its recent acquisition of the stakes of its co-investors in the 845 MW Shepherds Flat wind project in Oregon.
  • Bidders Assemble for Debut Power Auction in Colombia

    Feb 06, 2019 - Juliana Ennes

    Twenty-seven companies have signaled their intent to bid in Colombia's first long-term renewables auction, where 12-year renewable energy contracts are up for grabs.
  • Banks Prep Pitches for Greenfield CCGT Mandate

    Feb 05, 2019 - Shravan Bhat

    The sponsors behind a new-build combined-cycle gas-fired project in PJM Interconnection are preparing to accept pitches from banks for debt financing.
  • Third Adviser Sought for LNG Project Financing

    Feb 05, 2019 - Taryana Odayar

    NextDecade is seeking to add a third financial adviser to assist with its efforts to raise equity and debt for its Rio Grande LNG export project at the Port of Brownsville in Cameron County, Texas.
  • Mayer Brown Adds Partner in New York

    Feb 05, 2019 - Taryana Odayar

    Mayer Brown has appointed a mergers and acquisitions lawyer from a rival firm as a partner in its New York office.
  • NYPA Awards Wind PPA to Invenergy

    Feb 05, 2019 - Ila Patel

    The New York Power Authority’s board of trustees has approved a 20-year power purchase agreement for the output of an Invenergy wind project.
  • Lightsource Inks 25-Year PPA with Penn State

    Feb 05, 2019 - Stuart Wise

    Penn State University has joined the growing ranks of U.S. schools signing power purchase agreements for large-scale, offsite renewables projects, inking a deal with Lightsource BP.
  • Mexico Cancels Fourth Energy Auction

    Feb 04, 2019 - Juliana Ennes

    President Andrés Manuel López Obrador's government has officially cancelled Mexico's fourth long-term power auction.
  • Oregon Refi Launched into Busy Term Loan B Mart

    Feb 04, 2019 - Shravan Bhat

    A previously postponed term loan B refinancing for the 869 MW Oregon Clean Energy Center in Ohio has been launched into an increasingly active leveraged loan market.
  • Solar Sponsor Seeks Tax Equity for $500M Portfolio

    Feb 04, 2019 - Taryana Odayar

    A New York-based sponsor focused on distributed solar and storage is searching for tax equity investors and potentially a financial adviser to help bring a construction-stage portfolio of projects across the finish line.
  • PPA Pulse: “Back to back” Data Center Deal

    Feb 04, 2019 - Stuart Wise, Shravan Bhat

    Data center operator Digital Realty has signed a power purchase agreement with solar developer SunEnergy1 for generation and renewable energy credits that it will pass on to social media company Facebook.
  • Project Finance Leaders Roundtable 2019

    Feb 01, 2019 - Richard Metcalf

    CoBank’s Brian Goldstein, KeyBanc Capital Markets’ Andy Redinger and Morgan Stanley’s Michael Kumar joined PFR editor Richard Metcalf in January to review 2018 in power project finance and look ahead to 2019. Check out what they had to say.
View Project Finance Archive

Latest Community

  • Feb 14, 2019 - Richard Metcalf, Taryana Odayar

    “Energy Investment Firm Needs an Awesome Logo!”

    So you've left your job at an established financial institution, project developer or energy retailer and decided to set up your own energy investment firm. There are a lot of decisions to make, but first of all, you need a logo. Where do you go?

  • Small Image

    Feb 08, 2019 - Taryana Odayar

    Rude Wake Up Call Traced to RISEC

    On the morning of Feb. 2, sleeping residents of the Rhode Island towns of Cranston and Johnston were rudely awakened by a booming roar.

  • Small Image

    Jan 24, 2019 - Taryana Odayar

    Blowin' in the Wind: Budweiser’s Wind-Powered Super Bowl Ad

    Budweiser’s 2019 Super Bowl ad features all of its classic motifs: Its beloved Clydesdales, a Dalmation mascot, fields of wheat, and—in an unusual twist—wind turbines spinning to the sultry sounds of Bob Dylan.

Recent Tweets