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WEEKLY CARTOONS BY POWER FINANCE & RISK
ArcLight seals PSEG thermal acquisition
Rayburn securitization to cover Uri losses
Biden extends Trump-era solar tariffs

ArcLight seals acquisition financing for PSEG thermal portfolio

ArcLight Capital Partners has closed its acquisition of a 13-project, 6.75 GW portfolio of fossil fuel-fired assets spread across New Jersey, Maryland, Connecticut and New York from Public Service Enterprise Group (PSEG), after slotting into place two separate acquisition financing packages.

Rayburn seals $908m securitization to recover storm Uri losses

Rayburn Electric County Coop, a Texas-based electric generation and transmission cooperative that suffered massive losses due to winter storm Uri last February, has closed a $908 million securitization.

MOST READ STORIES

Lists: M&A; Proj Fin; People/firms | tweets
Latest stories (list q); More News (list four columns)

More News

A senior managing director at Stonepeak Infrastructure Partners has left the firm to join a newly formed private equity outfit that focuses on renewables.
BASF, a German multinational chemical company, has secured 250 MW of solar and wind generation through virtual power purchase agreements across the US.
Generate Capital, the California-based environmental infrastructure financier-owner-operator, has appointed Regina Chung as head of infrastructure fundraising.
M&A
Brazilian distributed generation company Órigo Energia has secured a $85 million equity investment to further expand its solar generation asset portfolio.
Milton Fernando Montoya Prado is joining Holland & Knight’s energy and natural resources team in Colombia as of counsel, based in Bogotá.
M&A
EDP has agreed to sell its stake in Hydro Global, a joint venture between EDP and the China Three Gorges (CTG) group.
Greenbacker Renewable Energy Co has appointed a new chief financial officer, taking over responsibilities from Richard Butt, who is retiring.
M&A
Greenbacker Capital Management has made a strategic growth investment in a Boston-based distributed generation, microgrid, and energy efficiency company.
Chile is retiring three coal-fired power plants with a combined installed capacity exceeding 380 MW as part of its plan to decarbonize the country's power grid.
Chile’s National Energy Commission (CNE) has selected winners in the renewable power auction the government launched in February.
M&A
Hull Street Energy has made a strategic investment in a newly-formed energy storage company based out of Colorado.
Brazilian developer 2W has secured long-term financing for its Kairós wind complex located in the state of Ceará.
M&A
CenterPoint Energy’s Indiana-based business has requested regulatory approval to purchase a 130 MW solar project in the state from Invenergy.
M&A
Climate Adaptive Infrastructure (CAI) and Meridian Clean Energy have closed on the purchase of a minority stake in an 850 MW peaking plant in California, as part of a partnership between the two companies.
Societe Generale has added a new vice president to its energy advisory and project finance team from Whitehall & Co.
M&A
Sequitur Renewables, an affiliate of ArcLight Capital Partners, has agreed to acquire a 185 MW portfolio of wind projects from GlidePath Power Solutions.
POWER FINANCE & RISK CASE STUDIES
Wind farm with the sun setting in the background
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.
Chile marked with a flag on the map
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.
OTHER STORIES
M&A
Longroad Energy, a renewables developer that is a portfolio company of Morrison & Co, has secured a $500 million equity investment from a trio of investors.
Brazil’s Eneva has landed a R$300 million ($57.7 million) financing to support a massive solar complex the company is developing in the state of Bahia.
M&A
Grupo Energía Bogotá (GEB) has entered an agreement to acquire 100% interests in five transmission concessions in Brazil.
M&A
Black Mountain Energy Storage (BMES) has sold a 700 MW portfolio of standalone battery storage projects to UBS Asset Management, making 1.5 GW of sales for the company in the last two months.
The Ministry of Mines and Energy has signed a memorandum of understanding with the United Arab Emirates to foster cooperation within the energy sector in both countries.
M&A
German renewable developer ABO Wind has sold its Buffalo Plains wind farm located in Alberta, Canada.
M&A
The government of Rio Grande do Sul has found a buyer in the privatization process of the state’s electricity generation company, Companhia Estadual de Geração de Energia Elétrica (CEEE-G).
Norsk Solar has secured financing for part of a 37 MW solar complex the Norwegian developer is building in Brazil.
Enel Colombia has landed a COP 411 billion ($93.4 million) sustainability-linked financing from Bancolombia.
Buckeye Partners has inked a pair of power purchase agreements for solar facilities under construction in Texas.
Broad Reach Power has closed a $160 million project financing for a 18-project portfolio of battery storage projects in Texas and California.
Macquarie Capital has appointed John Pickhaver as its new head of infrastructure & energy capital for the Americas.
The Inter-American Development Bank (IDB) has approved a $1.14 billion credit line to support the decarbonization of Argentina’s energy sector.
Sempra Infrastructure has signed a memorandum of understanding with Entergy Texas that will see the Sempra procure renewable energy in order to reduce the company's activities-linked emissions.
Orion Power is planning a new addition to its small-scale solar portfolio in Chile.
Cheniere Energy has entered into a 20-year LNG sale and purchase agreement with PTT Global LNG (PTTGL), a subsidiary of PTT, Thailand’s largest state-owned, multinational energy company.
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