Featured

Oct 16, 2018 - Taryana Odayar

Details Materialize on Apollo's GE EFS Portfolio Acquisition

Details have emerged about the approximately $1 billion portfolio of GE Energy Financial Services equity holdings which Apollo Global Management announced it would be acquiring last week (PFR, 10/8).
Oct 16, 2018 - Richard Metcalf

MS Seals Bayonne Purchase with Oversubscribed Debt Financing

Morgan Stanley Infrastructure has closed its acquisition of the 644 MW Bayonne Energy Center gas-fired project in New Jersey, a deal financed with an acquisition loan package that was oversubscribed in the bank market.
Oct 15, 2018 - Taryana Odayar

Japanese Investor Swoops In on Macquarie’s Lordstown Stake

A Japanese investor is buying a slice of Macquarie Group’s 64.67% stake in the 856 MW gas-fired, combined cycle Lordstown Energy Center in Ohio, which Macquarie has been looking to sell down since 2016.
Oct 15, 2018 - Richard Metcalf

Sponsors Prep Hybrid Refi for Chile Coal-fired Plant

(Updated with bookrunners) The co-sponsors behind a coal-fired project that serves several copper mines in Chile under various power purchase agreements are preparing a joint loan and bond market refinancing.
Oct 15, 2018 - Richard Metcalf

Bond-to-Bank Refi in Works for New Jersey Gas-fired Project

Banks have received invitations to participate in the refinancing of a New Jersey gas-fired project whose existing debt is in the form of a bond.

Mergers & Acquisitions

KKR's X-ELIO Acquires Palmetto State Solar Project

Oct 16, 2018 - Taryana Odayar

X-ELIO, a portfolio company of private equity firm KKR & Co., has acquired a solar project in South Carolina.
Details Materialize on Apollo's GE EFS Portfolio Acquisition

Oct 16, 2018 - Taryana Odayar

Details have emerged about the approximately $1 billion portfolio of GE Energy Financial Services equity holdings which Apollo Global Management announced it would be acquiring last week (PFR, 10/8).

Enel Ramps Up Brazil Wind Farm Capacity

Oct 16, 2018 - Michael Turner

Enel Green Power is adding 29.4 MW of capacity to its Delfina wind farm in Brazil, an expansion expected to cost $40 million.
TransAlta Reveals Offtaker for Pennsylvania Wind Farm

Oct 16, 2018 - Stuart Wise

TransAlta Renewables has identified the non-utility offtaker for a 90 MW wind project that is under construction in Pennsylvania.

Clearway Raises $75M with Equity Offering

Oct 01, 2018 - Richard Metcalf

Yield company Clearway Energy priced a capital raise at $19.15 per share last week, raising about $75 million toward its acquisition of the Carlsbad gas-fired project in California from NRG Energy.
Clearway Taps UBS for Equity Offering to Fund Carlsbad Purchase

Sep 26, 2018 - Richard Metcalf

Clearway Energy, the yield company formerly known as NRG Yield, has hired UBS for the latest chunk of financing for its acquisition of the Carlsbad gas-fired project in California.

Renewables-focused Advisory Shop Taps Developer Talent

Oct 10, 2018 - Richard Metcalf

A financial advisory firm specializing in renewables has hired a former project finance manager at a West Coast-based developer.
European Firm Hires Ex-EverPower Execs for North America Push

Oct 08, 2018 - Richard Metcalf

Renewables-focused investment and asset management firm Exus Management Partners is establishing a presence in North America with three former EverPower Wind executives who joined this year.

Oct 12, 2018 - Power Finance & Risk

#PowerTweets Oct. 12, 2018: Michael, IPCC, Kanye

The #PowerTweets feature tracks trends and news in power and energy on Twitter.
Oct 10, 2018 - Taryana Odayar

First Solar Beer Launched in Oregon

A Oregon solar project operated by Pine Gate Renewables is abuzz with a sweet collaboration involving bees and brews.
Sep 14, 2018 - Shravan Bhat

10 Years Ago: Lehman Brothers—Where Are They Now?

When the financial crisis struck 10 years ago, Lehman Brothers had a large and prominent power and utilities investment banking team. Many of those bankers (who had nothing to do with the investments in mortgage-backed securities that brought Lehman down) are still active in the industry. PFR has looked at where some of them are now.