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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.


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

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CleanCapital has secured a $200 million debt package to support the New York-based developer’s pipeline of distributed solar and energy storage projects.
Enertrag, a German renewable developer, is developing a green hydrogen complex in the Tacuarembó region of Uruguay.
A subsidiary of Algonquin Power & Utilities Corp has entered into a power purchase agreement to sell the output of a 112 MW wind project it is constructing in Michigan.
Partners Group has found a buyer for its minority stake in an 850 MW contracted gas-fired peaking power plant in California after launching a sale process last year.
Spain’s Enfinity Global has appointed Ricardo Diaz as CEO for the Americas, marking the company’s entry into the US, Canada and Latin America markets.
Mitsubishi HC Capital, through its US subsidiary MIUSA Corp, has acquired a 49% stake in a Massachusetts-based distributed solar project from Excelsior Energy Capital.
Argentina’s Secretary of Energy is seeking expressions of interest to develop energy infrastructure projects in the country.
Enel Chile has promoted Victor Tavera to CEO of the company’s distribution and transmission subsidiaries. Tavera will replace Ramón Castañeda, effective May 16.
Canadian power company Northland Power has converted a $50 million letter of credit facility into a sustainability-linked agreement, which is backed by Canada’s export credit agency.
Cypress Creek Renewables has appointed Jeff Meigel, formerly of Brookfield Renewables, to the position of chief investment officer at the renewables developer.
Genneia is jointly developing a solar project with solar developer and service provider 360Energy that will be located in Argentine Antarctica.
The names of the firms leading the shortlisted teams for the University of Louisville's (UofL) utility systems P3 have been confirmed.
Generate Capital has appointed Brian Lehman as chief financial officer, succeeding Jack Stark who will remain with the company as executive vice president.
The Minas Gerais Development Bank (BDMG) has committed R$405 million ($80 million) to develop solar energy within the state.
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.
Wind farm with the sun setting in the background

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

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.
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.
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.
Greenbacker Renewable Energy has purchased three utility-scale solar projects in New York state totaling 50 MW from Hecate Energy.
Galp has agreed to purchase 4.8 GW of wind and solar projects across Brazil, doubling the capacity of its global renewable portfolio.
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