Project Finance

  • Clearway Wind Repowering Deals Take Shape

    Jun 19, 2019 - Richard Metcalf

    Clearway Energy Group has lined up a tax equity investor and finalized the terms of an investment by its yield company in the Wildorado and Elbow Creek wind repowering projects in Texas.
  • SunPower Inks Levered Resi Tax Equity Deal

    Jun 19, 2019 - Richard Metcalf

    SunPower Corp. has signed a levered tax equity financing deal to fund its residential solar lease business.
  • Arkansas Municipal Utility Issues Solar RFP

    Jun 19, 2019 - Richard Metcalf

    Conway Corp., which operates the municipal utility system in Conway, Arkansas, has issued a request for proposals for solar projects totaling between 80 MW and 100 MW.
  • Petrobras to Build Gas-fired Plant at Comperj

    Jun 18, 2019 - Juliana Ennes

    Roberto Castello Branco, the president of Petrobras, has confirmed the company's intention to build a gas-fired plant in Rio de Janeiro’s petrochemical complex, Comperj.
  • Arroyo Closes Debt for Chile Solar Projects

    Jun 18, 2019 - Juliana Ennes

    Arroyo Energy Group has closed the financing of a 69.5 MW solar portfolio in Chile.
  • NextEra Calls in Bonds on PG&E Solar Project

    Jun 18, 2019 - Richard Metcalf

    NextEra Energy Partners has launched a tender offer as it seeks to buy back bonds issued to finance a California solar project with a Pacific Gas & Electric power purchase agreement.
  • REFF Wall Street: Tax Equity Players Unphased by Phase-out

    Jun 18, 2019 - Shravan Bhat

    Back to back panels early on Day 1 of the REFF Wall Street 2019 conference at the Intercontinental Barclay in New York highlighted that despite the phase downs in federal renewables tax credits, the tax equity majors still the keys in the capital stack.
  • Kepco Issues Green Bond to Fund Renewables

    Jun 17, 2019 - Richard Metcalf

    Korea Electric Power Corp. has priced a $500 million five-year corporate green bond to finance the development of renewable energy and clean transportation.
  • NextDecade Taps Macquarie for Midstream Finance Talent

    Jun 17, 2019 - Taryana Odayar

    Brent Wahl, Macquarie Group’s head of midstream investment banking for North America, has joined NextDecade Corp. as senior vice president of finance.
  • Bank Duo Refi C&I Solar Portfolio

    Jun 17, 2019 - Shravan Bhat

    CleanCapital has tapped two banks to refinance debt on a 46.9 MW distributed solar portfolio it acquired last year.
  • Solar Developer Inks PPAs with Arkansas City, County

    Jun 17, 2019 - Stuart Wise

    Scenic Hill Solar has signed power purchase agreements with a county and a city in Arkansas for a 6.5 MW solar project.
  • Smithfield Signs 12-Year Wind PPA With Allete

    Jun 14, 2019 - Stuart Wise

    Ham and hotdog maker Smithfield Foods has inked a 12-year power purchase agreement with Allete Clean Energy for 75 MW from its 300 MW Diamond Springs Wind Farm.
  • Vectren Launches "All Source" RFP for up to 700 MW

    Jun 14, 2019 - Taryana Odayar

    Vectren Corp. has issued a request for proposals for about 700 MW of generation of any kind.
  • Project Restructurings in Sight as PG&E Case Rolls On

    Jun 14, 2019 - Taryana Odayar

    Despite a bankruptcy court ruling bolstering Pacific Gas & Electric's chances of rejecting pricey power purchase agreements, the final impact of the restructuring is far from settled. In the meantime, project finance activity for PG&E-related assets could be frozen for years and deals due for refinancing may have to be restructured instead.
  • Target Signs PPAs with Engie, Leeward

    Jun 13, 2019 - Stuart Wise

    Retail giant Target has signed power purchase agreements with ENGIE North America and Leeward Renewable Energy as it nears its goal of using renewable sources for its electricity needs by 2030.
  • ConEd Works Around PG&E Assets with Southwest Solar Refi

    Jun 13, 2019 - Shravan Bhat

    Consolidated Edison Development has refinanced a portion of the 980 MW renewables portfolio it acquired from Sempra Energy last year, focusing on projects that are not exposed through power purchase agreements to Pacific Gas & Electric.
  • Six Flags Solar Project Completed

    Jun 13, 2019 - Shravan Bhat

    KDC Solar has completed a solar project that will power the Six Flags Great Adventure theme park in New Jersey on June 12, having financed it with debt and tax equity.
  • Hannon Backs Community Solar Shop

    Jun 12, 2019 - Shravan Bhat

    Community solar developer Summit Ridge Energy secured an investment commitment from Hannon Armstrong earlier this month.
  • Xcel to Rerun RFP for Solar Contracts Awarded to Coronal

    Jun 11, 2019 - Taryana Odayar

    Xcel Energy is taking fresh bids for solar in Colorado after failing to agree on the final terms of contracts with Coronal Energy for two projects in the state.
  • Second PPA for Longroad Wind Farm

    Jun 10, 2019 - Shravan Bhat

    Longroad Energy has secured a second virtual power purchase agreement for a wind project under development in Texas.
  • PPA Pulse: Triple Shot of Renewables for Starbucks

    Jun 07, 2019 - Shravan Bhat

    Renewable energy procurement platform LevelTen Energy has blended 146 MW of wind and solar from three developers in three U.S. power markets into a convenient package for coffee chain Starbucks.
  • CLAs Appointed for Caithness Project

    Jun 07, 2019 - Taryana Odayar

    Caithness Energy has appointed a group of banks as coordinating lead arrangers for the $1 billion financing of its 1,836 MW Guernsey Power Station gas-fired combined-cycle project in Ohio, a deal underwritten and structured by Investec.
  • Triple Shot of Renewables for Starbucks

    Jun 06, 2019 - Shravan Bhat

    Renewable energy procurement platform LevelTen Energy has blended 146 MW of wind and solar from three developers in three U.S. power markets into a convenient package for coffee chain Starbucks.
  • Vivint Returns for More Levered Forward-flow Financing

    Jun 05, 2019 - Richard Metcalf

    Vivint Solar has signed a $360 million multi-party forward-flow agreement to finance roughly 95 MW to 100 MW of residential solar systems.
  • Cheniere Closes Loans for Sabine Pass Train Six

    Jun 05, 2019 - Taryana Odayar, Ila Patel

    Cheniere Energy Partners closed $1.5 billion in senior secured loans with 29 lenders on May 29 to finance construction of train 6 of its Sabine Pass Liquefaction project in Cameron Parish, La.
  • Brazil Dishes Out PPAs for Roraima State

    Jun 04, 2019 - Juliana Ennes

    Brazil has issued contracts totaling 293.8 MW following an auction for the supply power to the only state that is not interconnected to the country's national grid, Roraima.
  • Financing Sought for Gas-fired Repowering in Maranhão

    Jun 04, 2019 - Juliana Ennes

    A Brazilian energy company is seeking to raise financing to convert a simple-cycle gas-fired plant in Maranhão state into a combined-cycle facility.
  • Scout Mints PPA for Minnesota Wind

    Jun 04, 2019 - Stuart Wise

    Scout Clean Energy has signed a 20-year power purchase agreement for a 200 MW wind project in Minnesota.
  • Irish Firm Finds Mezz Debt for Small-scale Solar

    Jun 04, 2019 - Shravan Bhat

    Irish solar shop BNRG Renewables has sealed mezzanine debt for a contracted, small-scale solar portfolio in Oregon.
  • Q&A: Residential Solar Finance with KeyBanc Capital Markets

    May 31, 2019 - Power Finance & Risk

    Andy Redinger and Daniel Brown, managing directors at KeyBanc Capital Markets, discuss residential solar finance, including the latest trends in M&A and the future of the sector.
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Latest Community

  • May 16, 2019 - Taryana Odayar

    PG&E to Graduates: Party's Over, No More Balloons

    With graduation festivities in full swing across the Golden State, PG&E has begun warning customers about the dangers of helium-filled metallic balloons, using the slogan, ‘Look Up and Live!’

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    Apr 11, 2019 - Power Finance & Risk

    Platts Vegas 2019: Reporter’s Notebook

    Gusts of up to 46 mph in Las Vegas this week did not dampen the spirits of attendees of the S&P Global Platts 34th Annual Global Power Conference, but did put paid to plans for open air cigar parties. PFR editor Richard Metcalf and reporter Taryana Odayar were on hand to chronicle the action, inside and outside the conference hall.

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    Apr 08, 2019 - Power Finance & Risk

    Platts Vegas 2019 Preview

    As representatives of developers, banks, investment firms and service providers descend on Las Vegas for S&P Global Platts’ 34th Annual Global Power Markets Conference, PFR takes a look at what to expect.

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