Featured

Jan 27, 2015 - Olivia Feld

CoBank Taps Goldstein For PF

CoBank has hired Brian Goldstein, president of Greenwood Investors, as sector v.p. of the project finance group. Goldstein started his post with the Denver-based national cooperative bank this month. He oversees the project finance group and reports to Chief Banking Officer Thomas Halverson.
Jan 27, 2015

Advanced Power’s Ohio Project Financing Nears Close

A deal to finance Advanced Power’s 755 MW combined-cycle gas-fired project in Ohio is expected to close in the next few weeks.
Jan 27, 2015 - Olivia Feld

First Reserve Seals Apex Wind Purchase

First Reserve has wrapped its acquisition of the 298 MW Kingfisher wind project from Apex Clean Energy.
Jan 27, 2015 - Sara Rosner

Pricing Emerges On TerraForm $800M Bond

TerraForm Power has priced $800 million of senior notes due in 2023 at 5.875%. The issuance is slated to close on Wednesday.
Jan 23, 2015

Q&A: John Foster, Southwest Generation – Part I

Denver-based Southwest Generation recently wrapped a refinancing and an asset sale that ultimately put it on its current path to growth. “The new objective, as agreed with our shareholders, is to create a diversified, sustainable, self-funding power generation platform in North America,” John Foster, president and ceo, tells PFR in an exclusive interview.

Mergers & Acquisitions

First Reserve Seals Apex Wind Purchase

Jan 27, 2015 - Olivia Feld

First Reserve has wrapped its acquisition of the 298 MW Kingfisher wind project from Apex Clean Energy.
Projects & Money 2015: Power Players Ponder Growth, Transition

Jan 16, 2015 - Sara Rosner

Financiers, investors and developers are considering a bevy of changes in the power industry at a time when capital continues to flow into the sector. Yield companies, emissions regulations, natural gas supply, distributed generation and adjustments in capacity markets are among the catalysts that are shifting the power project finance and M&A landscape.

Advanced Power’s Ohio Project Financing Nears Close

Jan 27, 2015

A deal to finance Advanced Power’s 755 MW combined-cycle gas-fired project in Ohio is expected to close in the next few weeks.
GE, Morgan Stanley Seal Lone Star Wind Financing

Jan 23, 2015 - Olivia Feld

Capital Dynamics has sealed financing for the 150 MW Briscoe wind project in Briscoe County, Texas. GE Energy Financial Services and Morgan Stanley will provide tax equity, with Morgan Stanley supplying construction debt, a hedge and a letter of credit in a deal that closed in late December.

Pricing Emerges On TerraForm $800M Bond

Jan 27, 2015 - Sara Rosner

TerraForm Power has priced $800 million of senior notes due in 2023 at 5.875%. The issuance is slated to close on Wednesday.
TerraForm Hits Road Show for $800M Issuance

Jan 23, 2015 - Olivia Feld

SunEdison’s yield company TerraForm Power has embarked on a road show for its $800 million offering of senior, unsecured eight-year notes to fund a portion of its $2.4 billion acquisition of First Wind.

CoBank Taps Goldstein For PF

Jan 27, 2015 - Olivia Feld

CoBank has hired Brian Goldstein, president of Greenwood Investors, as sector v.p. of the project finance group. Goldstein started his post with the Denver-based national cooperative bank this month. He oversees the project finance group and reports to Chief Banking Officer Thomas Halverson.
Ashby Joins Whitehall & Co.

Jan 21, 2015 - Sara Rosner

Whitehall & Co. has hired Richard Ashby, founder and managing partner of Infrastructure Finance Advisors, as a managing director. Ashby started his post with the New York-based boutique late last year.

Jan 23, 2015 -

The Buzz: Hitting The Road

Sponsors and their lead bankers are making the rounds this month to potential lenders. SunEdison’s yield company TerraForm Power is in New York, Boston, Los Angeles and San Francisco on a road show for an $800 million bond offering.
Jan 16, 2015 -

The Buzz: Execs Bullish On 2015 Deal Activity

After a hectic, albeit happy, end to 2014, attendees at Infocast’s 7th Annual Projects & Money conference were optimistic for this year’s deal and development pipeline. Financiers are looking at backing more gas-fired projects as coal and nuclear retirements step-up.
Jan 09, 2015 -

The Buzz: Uncertainty Flanks Cape Wind

Cape Wind offtakers National Grid and NStar have cancelled their power purchase agreements with the 468 MW project this week, leaving bankers and industry officials more uncertain than ever of the project’s future.

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