TOP STORIES
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Sunnova Energy has priced its fifth securitization backed by residential solar loans totaling $155.8 million. -
Connecticut-based asset manager Atlas Holdings has agreed to acquire the remaining stake in a 1,110 MW fleet of mostly fossil fuel-fired peaking plants that it doesn't already own through a joint venture with a commodities trader.
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D.E. Shaw Renewable Investments (DESRI) has closed debt and tax equity financing for a 149 MW solar project in Michigan.
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The head of project and infrastructure finance in the Americas at Citi is expected to leave the bank soon, PFR understands.
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Cypress Creek Renewables has closed financing for a 270 MW solar project in Texas, the company's largest solar project yet.
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Pine Gate Renewables has secured construction financing for a 69.89 MW solar project in North Carolina.
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After sifting through more than 100 nominations, Power Finance & Risk is pleased to announce the short lists for its 18th Annual Deal of the Year Awards.
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Portuguese oil firm Galp has entered the Brazilian renewables market with the purchase of a 594 MW (DC) solar portfolio.
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Chilean sponsor Verano Capital has begun the permitting process for a 100 MW solar park in the country's O’Higgins region.
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WEEKLY CARTOONS BY POWER FINANCE & RISK
Stalking horse bids due for ERCOT peaker pair
AMLO pushes constitutional power reforms
PPL buys into transmission project under rails
Stalking horse bids due for ERCOT peaker pair
Stalking horse bids due for ERCOT peaker pair
Stalking horse bids are due soon for a pair of operational gas-fired peaking power plants in Texas.
MORE M&A
AMLO pushes constitutional power reform
Mexico's AMLO cracks down on power market with constitutional reforms
After two years of Mexico's President trying to reform the country's power sector, the statesman has dealt his last card – a constitutional reform that would "decimate" the industry, according to deal watchers.
MORE LEGAL & REGULATORY
PPL buys into transmission project under rails
PPL buys into transmission project under rails
PPL Corp has bought a stake in the SOO Green HVDC Link transmission project, a unique underground transmission line that will follow the route of existing Canadian Pacific railroads.
MORE M&A NEWS
MOST READ STORIES
Mergers & Acquisitions
Project Finance
LATEST STORIES
More News
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Pfizer gets shot of renewables with vPPA
Biopharmaceutical company Pfizer has signed a virtual power purchase agreement for at least 310 MW of solar generation to power its North American operations. -
IDB Invest preps Bahamas solar deal
Development finance institution IDB Invest is arranging financing for an 11 MW (DC) solar project in the Bahamas alongside local sponsor Lucayas Solar Power. -
Actis closes $4.7bn fund
Actis Energy has completed fundraising for its fifth fund with $4.7 billion in commitments, as well as co-investment capital bringing the total figure raised up to $6 billion. -
IDB preps loan for Jamaica DG solar
UK-based Soleco Energy is working with development finance institution IDB Invest on a debt package for a distributed generation solar portfolio in Jamaica. -
Engie inks green hydrogen MoU in Brazil
French firm Engie has signed a memorandum of understanding (MoU) to study the development of a green hydrogen production facility in the Brazilian state of Ceara. -
Colbun readies bond issuance for Chilean renewables
Independent power producer Colbun is arranging a bond issuance to fund the development of its renewable energy portfolio in Chile. -
Matrix closes solar financing in Colombia
Matrix Renewables, a portfolio company of private equity firm TPG, has clinched a debt package for an operating solar complex in Colombia. -
Colombian utility preps private power auction
Colombian utility Air-e has announced that it is readying its first private power auction to procure renewable energy generation. -
Clearway nabs Mississippi solar vPPA
Clearway Energy has snagged a virtual power purchase agreement for the output of a 100 MW solar park in Mississippi. -
TozziniFreire expands infra practice
Karin Yamauti Hatanaka has joined Brazilian law firm TozziniFreire as a partner in its energy and infrastructure practice. -
Greencoat launches US operations in New York and Chicago
British renewables investor Greencoat Capital has launched in the US with the opening of offices in New York and Chicago ahead of a tipped fund launch. -
Aneel approves grant for 600 MW solar complex in Brazil
Brazilian power regulator Aneel has approved a R$2.4 billion ($436.5 million) grant for the construction of a 600 MW solar complex in the country. -
Veolia brings Brazilian biogas plant online
French water, waste and energy management group Veolia has started commercial operations at a 12.4 MW biogas complex in Brazil. -
Canadian district energy biz seals credit facility
A portfolio company of Toronto-based infrastructure investment firm Instar Asset Management has closed a $53 million credit facility to finance a fleet of district energy systems in Canada. -
EPM gets greenlight for debt raise
Colombian developer Empresas Publicas de Medellin (EPM) has received permission from the national finance ministry to raise funds for its 2021-2023 planned investments. -
Avangrid Renewables CEO departs
Avangrid Renewables has appointed a pair of co-CEOs following the departure of the incumbent, Alejandro de Hoz, from the company.
POWER FINANCE & RISK CASE STUDIES
LOS GUZMANCITO, DOMINICAN REPUBLIC
As the Dominican Republic starts opening up to private investments in renewable energy projects under President Luis Abinader, local developer Grupo Energético 23 (GE23) managed to wrangle debt financing for its first such asset in the country this summer.
As the Dominican Republic starts opening up to private investments in renewable energy projects under President Luis Abinader, local developer Grupo Energético 23 (GE23) managed to wrangle debt financing for its first such asset in the country this summer.
CARDONES-POLPAICO, CHILE
In a deal that took almost a year to close, Interchile, a subsidiary of Colombia's Interconexion Electrica (ISA), raised about $1.2 billion of bonds to refinance a sprawling transmission portfolio interconnecting the entire northern half of Chile.
In a deal that took almost a year to close, Interchile, a subsidiary of Colombia's Interconexion Electrica (ISA), raised about $1.2 billion of bonds to refinance a sprawling transmission portfolio interconnecting the entire northern half of Chile.
CYPRESS CREEK RENEWABLES
In July, Sweden's EQT Infrastructure Partners emerged as the winning bidder for North Carolina-based solar developer Cypress Creek Renewables, following a highly competitive auction process. But in order to get to the point where it could clinch an attractive bid offer, Cypress had to go through a three-year saga of restructurings, recapitalizations and refinancings.
In July, Sweden's EQT Infrastructure Partners emerged as the winning bidder for North Carolina-based solar developer Cypress Creek Renewables, following a highly competitive auction process. But in order to get to the point where it could clinch an attractive bid offer, Cypress had to go through a three-year saga of restructurings, recapitalizations and refinancings.
TELFERS, PANAMA
This summer, a consortium of investors led by InterEnergy Group was able to seal their purchase of the 656 MW Telfers LNG-to-power project in Panama, bringing to a close a process that they had embarked on two years ago.
This summer, a consortium of investors led by InterEnergy Group was able to seal their purchase of the 656 MW Telfers LNG-to-power project in Panama, bringing to a close a process that they had embarked on two years ago.
OTHER STORIES
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DTE to stop burning coal at Michigan power plant
DTE Energy has brought forward the deadline for ceasing coal use at the Belle River Power Plant in Michigan by two years. -
Costa Rican utility issues bonds to improve grid
Costa Rica-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has closed a bond issuance to finance the development of electric smart meters across the grid. -
Virginia solar sponsor scores construction debt
Utility-scale solar developer Urban Grid has secured a $275 million debt package from Crayhill Capital Management to support the deployment of its US solar and energy storage platform. -
Canadian sponsor finances Massachusetts solar, storage
Canadian renewables developer Grasshopper Energy, formerly known as Grasshopper Solar, has secured a $48 million debt package for a portfolio of solar-plus-storage projects in Massachusetts. -
Clenera inks Michigan solar PPA
Clenera has signed a 20-year power purchase agreement for a 150 MW solar project in southwest Michigan. -
Sunrun grows warehouse facility
Sunrun has increased the size and reduced the pricing of its non-recourse warehouse loan with a syndicate of eight financial institutions. -
Bidders vie for Chile’s first HVDC transmission project
A pair of bidders have put forward their offers for the Kimal-Lo-Aguirre transmission project, which will connect the northern and central regions of Chile's grid. -
EDPR brings online Brazilian solar complex
Madrid-headquartered EDP Renovaveis has started commercial operations on a 252.29 MW (DC) solar project in Brazil. -
China Merchants promotes banker in energy team
China Merchants Bank has elevated Allan Sun to the rank of director of structured finance in the bank's power, oil and gas and natural resources sectors. -
Solare secures environmental approval for PMGD asset
Chilean developer Solare has received environmental approval to add 3 MW of capacity to an existing 3 MW solar project in the country's Valparaiso region. -
Peru replaces energy and mining minister
Eduardo Gonzalez Toro has been appointed as the new Peruvian minister for mines and energy (MINEM) as part of a broader cabinet reshuffle less than three months into the presidency of Pedro Castillo. -
Ameresco raises solar debt from Prudential
Massachusetts-based renewables developer Ameresco has secured a $44.8 million investment from Prudential Private Capital to support its portfolio of operational solar assets. -
New chief investment officer at Greenbacker
Greenbacker Capital Management (GCM) has appointed a new chief investment officer who is taking over the role from Charles Wheeler. -
PPA Pulse: Leeward lands offtaker for Golden State solar, storage
Leeward Renewable Energy has inked a power purchase agreement with a community choice aggregator for the full output of a solar-plus-storage project in California. -
Pine Gate secures TE for North Carolina solar
Pine Gate Renewables has secured a tax equity investor for a 50 MW solar project in North Carolina that is due online at the end of this year. -
Natixis partners with Chilean financial adviser
Natixis Corporate and Investment Banking has signed a cooperation agreement with Chile’s Tyndall Group to develop joint advisory mandates for M&A transactions.
