Project Finance

  • PPA PULSE: Contract Signed for Saskatchewan's First Utility-Scale Solar Project

    Jun 22, 2018 - Stuart Wise

    In a relatively quiet week for power purchase agreements, Canadian provincial utility SaskPower and U.S. telecommunications company AT&T were the offtakers that signed up for renewables.
  • Invenergy Picks Banks for Wind Catcher

    Jun 22, 2018 - Shravan Bhat

    Invenergy appointed lead arrangers last week for its landmark 2 GW Wind Catcher wind project in Oklahoma, sources tell PFR.
  • Second sPower Private Placement in the Works

    Jun 21, 2018 - Shravan Bhat

    Solar and wind project owner sPower has appointed a bank to privately place a second project bond with a similar structure to a transaction that closed last year.
  • Contract Signed for Saskatchewan's First Utility-Scale Solar Project

    Jun 20, 2018 - Stuart Wise

    Saturn Power, a developer based in Ontario, has inked a 20-year power purchase agreement for what is said to be the first utility-scale solar project in Canada's northern, sparsely populated Saskatchewan province.
  • REFF Wall Street: Wind Prevails as Solar Deal Flow Drags

    Jun 20, 2018 - Shravan Bhat

    Wind projects have attracted more tax equity investments in 2018 than solar, and for a variety of reasons, said panelists at the 15th Renewable Energy Finance Forum in New York on June 19.
  • German Utility Enters U.S. Offshore Wind Race

    Jun 19, 2018 - Shravan Bhat

    Energie Baden-Württemberg (EnBW) has signed a joint venture agreement with Trident Winds to develop a floating offshore wind project near California.
  • Macquarie Capital Hires Ex-Tesla Staffer for Distributed Energy, Storage Push

    Jun 18, 2018 - Richard Metcalf

    Macquarie Capital, which last year inked a pioneering battery storage project finance deal, has hired a former Tesla employee to oversee its efforts in relation to esoteric energy technology.
  • AT&T Signs Wind PPAs Totaling 300 MW

    Jun 15, 2018 - Stuart Wise

    As if telecommunications giant AT&T had not been in the news enough recently, the company recently announced that it had signed power purchase agreements for 300 MW from two wind projects.
  • PPA PULSE: Price Drop Trend — Contract Round-up

    Jun 15, 2018 - Stuart Wise, Shravan Bhat

    Power purchase agreement prices for active wind and solar projects across ERCOT, MISO, PJM Interconnection and the Southwest Power Pool have dropped in the last three months, according to a report from renewable energy marketplace LevelTen Energy.
  • Atlas Hits Bond Mart for Uruguay Solar Refi

    Jun 14, 2018 - Michael Turner

    Atlas Renewable Energy is planning to raise about $108 million through the issuance of senior and subordinated project bonds to refinance a pair of solar projects totaling 75 MW in Uruguay.
  • Bankers Eye Next Wave of Mexico Renewable P.F. Deals

    Jun 14, 2018 - Richard Metcalf, Shravan Bhat

    Project finance bankers are evaluating an "additional wrinkle" in power purchase agreements awarded in Mexico's third long-term power auctions, which could lead to higher spreads as the sponsors behind the latest wave of renewables projects in the country approach the market for debt financing.
  • Invenergy Plots Thermal Portfolio Refinancing

    Jun 13, 2018 - Shravan Bhat

    Invenergy has mandated two banks to run a term loan B refinancing for a portfolio of gas-fired assets in the U.S. and Canada.
  • Sponsor Signs 27-Year PPA for Solar-plus-storage Project

    Jun 13, 2018 - Stuart Wise

    8minutenergy has signed a 27-year power purchase agreement with a utility company for a 90 MW solar project in California that will also have 1.5 MW of battery storage.
  • Sponsor Postpones Capital Raise for Geothermal Project

    Jun 13, 2018 - Shravan Bhat

    A developer has asked its financial adviser to put a capital raise for a geothermal plant on hold until October as it reworks the economics of the project.
  • Capital Dynamics Raises Tax Equity

    Jun 12, 2018 - Shravan Bhat

    Swiss private equity sponsor Capital Dynamics has secured tax equity for a solar project in California.
  • Kansas Town Signs Solar PPA

    Jun 12, 2018 - Stuart Wise

    The city of Pratt, Kan., has signed a 15-year power purchase agreement for the output of a 6 MW solar project.
  • E.On Inks Texas Solar Deal with Energy Services Co.

    Jun 12, 2018 - Stuart Wise

    E.On has secured a 20-year power purchase agreement with an energy services provider for part of the output of a 100 MW solar project in Texas.
  • Arizona Water Project Inks Renewables PPAs as Coal-fired Retirement Looms

    Jun 11, 2018 - Stuart Wise, Richard Metcalf

    The board of the Central Arizona Water Conservation Project, which owns and operates water infrastructure in the state, has approved two power purchase agreements that will reduce its reliance on the Navajo Generating Station coal-fired plant, which is scheduled for retirement but which several groups are trying to save.
  • Genneia Taps German Bank for Argentine Wind Finance

    Jun 11, 2018 - Michael Turner

    Argentina’s Genneia has signed a $141.6 million debt financing with German lenders for its 101.4 MW Pomona wind farm in Argentina.
  • PPA PULSE: NV Energy Hits a Six — NRG Serves Up Solar — Baton Rouge Deal Inked

    Jun 08, 2018 - Stuart Wise

    Nevada’s NV Energy has signed 25-year power purchase agreements for the output six solar projects, some of which include large battery storage components, as part of its latest resource plan, which includes more than 1,001 MW of new renewable sources to be built in the state.
  • San Francisco CCA Signs 22-Year Solar PPA

    Jun 08, 2018 - Stuart Wise

    CleanPowerSF, a California community choice aggregator managed by the San Francisco Public Utilities Commission, has signed a 22-year power purchase agreement for a solar project in Lancaster.
  • Moody's Downgrades Terra-Gen Portfolio Debt

    Jun 08, 2018 - Shravan Bhat

    Moody’s Investors Service has lowered its rating for a term loan B secured on a portfolio of ageing Terra-Gen renewable assets in the western U.S.
  • Utility's Development Unit Plots Debt Raise

    Jun 07, 2018 - Shravan Bhat

    The development arm of an East Coast utility company is preparing to approach the market for project finance for a California solar project.
  • NRG to Serve Up Solar for Food Distributor

    Jun 07, 2018 - Stuart Wise

    Food distributor Sysco Corp. has signed a 10-year power purchase agreement for the output of three NRG Energy "solar gardens" in Texas.
  • Enel Nears Financial Close for Mexican Solar Portfolio

    Jun 06, 2018 - Shravan Bhat

    Commercial lenders to Enel Green Power Mexico’s 992 MW solar portfolio hope to reach financial close this month, PFR has learned.
  • Private Equity-backed Sponsor Closes in on Mexico Solar Financing

    Jun 06, 2018 - Shravan Bhat

    A sponsor has circled commercial bank funding for a three-project portfolio after earlier securing financing from development banks.
  • Tax Equity Attorney Joins Kirkland as Partner

    Jun 05, 2018 - Richard Metcalf

    A lawyer with expertise in renewable energy tax equity transactions has joined Kirkland & Ellis in Washington, D.C.
  • GE EFS Taps Advisers to Sell Loan Book, Private Equity Holdings

    Jun 04, 2018 - Fotios Tsarouhis

    GE Energy Financial Services has mandated a pair of financial advisers to sell its project finance loan book as well as equity stakes in generation assets, PFR has learned.
  • CapDyn Hires Former GE EFS Originator

    Jun 04, 2018 - Richard Metcalf

    Swiss private equity firm Capital Dynamics has added to its recently formed infrastructure credit team with a former debt originator at GE Energy Financial Services.
  • NV Energy Signs Six Solar PPAs as Part of 1GW Plan

    Jun 01, 2018 - Stuart Wise

    Nevada’s NV Energy has signed 25-year power purchase agreements for the output six solar projects, some of which include large battery storage components, as part of its latest resource plan, which includes more than 1,001 MW of new renewable sources to be built in the state.
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    Jun 22, 2018 - Power Finance & Risk

    REFF Wall Street: Reporter's Notebook

    Celebrity spotting, a Danish debut and the usual high quality food and drink marked REFF Wall Street this year, which was attended by PFR editor Richard Metcalf and reporters Fotios Tsarouhis and Shravan Bhat

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    Jun 14, 2018 - Richard Metcalf

    Star Trek's Shatner Plugs Solar Crypto Enterprise

    Using renewable energy to mine cryptocurrency is not a new idea—PFR first reported on it in December, at which point miners in Europe and Iceland were already using hydro and geothermal—but a recent intervention by Star Trek legend William Shatner has thrust the concept squarely into the limelight.

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    Jun 06, 2018 - Louise Pesce

    Industry Current: Don’t Pop the Champagne Yet—Parsing the PJM Auction Results

    The results of the recent PJM Interconnection capacity auction have excited many in the industry but should prompt a thoughtful pause, writes Louise Pesce, managing director at MUFG in Los Angeles, in this week’s Industry Current.

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