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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

AES Corp has entered into a power purchase agreement with Microsoft to power the company’s data centers in California, expanding on a previously announced agreement between the two parties.
AES Corp has entered into a pair of power purchase agreements with Amazon to supply the tech company with 450 MW of solar generation and 225 MW of battery storage.
AES Colombia has secured a more than $93 million sustainable loan to support the development of a solar park located in the Huila department of Colombia.
Grupo Ibereólica and EDF Renewables have started commercial operations of the Cabo Leones I extension in the Atacama region of Chile.
M&A
Greenbacker Renewable Energy has acquired a 55 MW wind farm located in the state of New York.
French bank Credit Agricole has promoted one of its managing directors to the position of head of structured finance advisory in the Americas.
Encore Renewable Energy, a Burlington, Vermont renewable energy developer, has secured debt financing for the company’s development activity.
DSD Renewables, a BlackRock-backed solar platform, has secured a $70 million tax equity investment from Morgan Stanley.
GE Renewable Energy has been appointed to manage the upgrade of the Itaipu hydroelectric plant – the world’s second-largest hydro facility.
Andrew Kapp has joined The Carlyle Group as a partner and managing director in the global infrastructure group, based in New York.
Casa dos Ventos, through its subsidiary RDVE Subholding, has issued R$430 million ($87.4 million) in debentures to finance the expansion of its Rio do Vento wind complex, located in the state of Rio Grande do Norte.
BlueFloat Energy has announced plans to develop 5.2 GW of offshore wind projects off the coast of Colombia after the government unveiled its roadmap for project development.
A director for Credit Suisse’s energy and infrastructure investment banking team has left the Swiss outfit to join Evercore.
NHOA, formerly Engie EPS, is developing a 30 MWh energy storage project in the province of Cañete in Peru.
The International Finance Corporation (IFC), a subsidiary of the World Bank, has committed $10 million to promote renewable energy in Colombia.
Recurrent Energy has inked a power purchase agreement for the output of the developer’s 98 MW solar project in Louisiana.
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
Greenbacker Renewable Energy has purchased three utility-scale solar projects in New York state totaling 50 MW from Hecate Energy.
M&A
Galp has agreed to purchase 4.8 GW of wind and solar projects across Brazil, doubling the capacity of its global renewable portfolio.
M&A
Takkion, a portfolio company of fund manager Apollo Global Management, has acquired operations and maintenance (O&M) firm Harvest Energy Services, which is based in Colorado.
Atlas Renewable Energy is partnering with Hydro Rein, Hydro’s renewable subsidiary, on a solar joint venture in Brazil.
Monómeros, the Colombian agricultural and industrial group, has signed a memorandum of understanding (MoU) with public lighting company APBAQ to develop green ammonia in the country.
Winston & Strawn has added a new partner to its energy and infrastructure group in Washington DC from Willkie Farr & Gallagher.
M&A
Tyr Energy has entered into an agreement to sell a 236.5 MW dual-fuel combined cycle power plant in Wisconsin to a subsidiary of WEC Group.
Enel Green Power North America has signed a virtual power purchase agreement for a portion of the output of its 250 MW wind farm in Oklahoma.
A director in ING Capital’s infrastructure finance and advisory group has left the outfit.
Argentina’s Petroquímica Comodoro Rivadavia (PCR) is planning to issue two green bonds for a combined $70 million on May 3 through its renewable energy subsidiary, Luz de Tres Picos.
The chief financial officer of the utility Southern California Edison (SCE) has left the company to join Cypress Creek Renewables in the same role.
Colbún, the Chilean independent energy producer, has added a new wind park in the region of Biobío to the company's project pipeline.
Cordelio Power has appointed a new chief financial officer from Canada Pension Plan Investment Board (CPP Investments) and added an innovation leader.
The French renewable energy company Engie has received approval from Chile’s Environmental Evaluation Service for its green hydrogen plant in the Antofagasta region.
M&A
AC Energy (ACEN), a Philippines-based developer, has entered a partnership to repower wind farms in the United States, thus marking its entry into the US renewable energy market.
Real estate and construction group EBCO has received environmental approvals for a solar project in the Santiago metropolitan region.
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