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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

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.
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.
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.
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
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.
Idemitsu Renewables has closed tax equity and project financing for a 73 MW solar project the company is developing in California.
Norton Rose Fulbright has promoted a new projects partner to its Washington DC office, who will also serve as the firm’s global co-head of energy, infrastructure and resources.
M&A
Pelion Green Future has agreed to financially partner with a newly formed renewable energy project development company based out of Texas.
M&A
Spruce Power has struck a deal to acquire another developer’s entire portfolio of rooftop solar assets, which totals over 16 MW (DC) of generation.
Enel Green Power has started construction of the largest solar project in South America, located in Colombia.
Argentina’s Secretariat of Energy has received more than 480 proposals after calling on interested parties to submit energy infrastructure projects in May.
Lightsource bp has inked a power purchase agreement with São Paulo- based energy company America Energia for solar energy in Brazil.
The Chilean subsidiary of German group Das Grüne Emissionshaus (DGE) is seeking environmental approval for a solar project the company is planning in Chile.
M&A
CleanCapital has purchased a 36.6 MW solar project in the US territory of Guam from Illinois-based developer GlidePath Power Solutions, its largest single asset acquisition to date.
Macquarie Group has appointed William Gerald Demas as senior managing director and head of Americas, and Macquarie's Green Investment Group, based in the firm’s New York office.
Energy company Avangrid has appointed Patricia Cosgel to act as the company’s chief financial officer after she took on the role on an interim basis in February.
A sponsor has submitted a utility-scale solar project it is planning to build in Chile for environmental consideration.
Energy infrastructure company Tallgrass has entered into an agreement with a waste heat to power turnkey developer to develop a series of waste heat to power projects in the US.
Spanish renewable developer Opdenergy has closed on a corporate debt facility that will support, in part, the company’s growth strategy in the Americas and Europe.
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