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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

France’s Veolia has partnered with petrochemical company Braskem on a biomass project that has started construction in the Alagoas state of Brazil.
CVE Group is expanding its solar portfolio in Chile with a 9 MW project that the Marseille-based developer is planning to develop in the metropolitan region of Santiago.
M&A
Generate Capital has made a strategic investment totaling $500 million into the utility-scale solar and energy storage developer Pine Gate Renewables.
M&A
LS Power has struck a deal to purchase an 835 MW gas-fired peaker plant in Ohio from ArcLight Capital Partners.
ABO Wind has found an offtaker in energy distributor Air-e for a solar project that the German company is developing in Colombia.
Brazilian energy company Raízen has inked a power purchase agreement with one of the country’s biggest fashion retailers, Marisa.
Ocean Renewable Power Company (ORPC) has signed an agreement to install a river hydrokinetic power system in Chile, its first in South America.
Cheniere Energy has entered into two long-term LNG sale and purchase agreements (SPAs) with Chevron.
Capstone Infrastructure has secured a renewable attributes purchase agreement for the output of its 192 MW wind project in Alberta, Canada.
Enel Green Power and Spanish developer IM2 Solar have teamed up on a portfolio of solar projects in Chile, five of which are now under construction.
Argentine solar developer 360 Energy is issuing a green bond to finance a project that the company is developing in the province of La Rioja.
M&A
Fortistar has entered into an agreement to sell a 55 MW peaker plant in New York state to a Canadian blockchain tech company which focuses on cryptocurrency mining.
M&A
Engie has completed its acquisition of an 882 MW portfolio of development-stage wind assets in Brazil.
Fotowatio Renewable Ventures (FRV) has secured a line of green guarantees from CaixaBank to support the developer’s pipeline of projects.
Miami-based developer Atlas Renewable Energy has submitted the Los Alpes wind project, located in the Araucanía region, to Chile’s Environmental Evaluation Service.
Venture Global LNG has secured a sales and purchase agreement for 1.5 mtpa of output from the company’s Plaquemines and Cameron Parish 2 LNG facilities.
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
AES Dominicana, a subsidiary of AES Corp, has acquired a wind project in the Dominican Republic from Inkia Energy.
M&A
AES Corp and three other solar renewables developers have decided to form a consortium to drive the expansion of domestic solar panel manufacturing.
Brazilian renewable developer Lisarb Energy has launched an offshore wind joint-venture with UK financial advisory firm Prosperity Energy.
SPI Energy, a subsidiary of SCC Power, is planning to issue two bonds for up to $135 million to finance the San Pedro power plant in Argentina, marking the subsidiary’s first issuance.
Australia's Fortescue Future Industries (FFI) has signed a pre-contract with the government of the state of Ceará in Brazil for the development of a green hydrogen hub.
M&A
Recurrent Energy, a wholly owned subsidiary of Canadian Solar, has purchased a pair of standalone battery storage projects in Texas totaling 400 MWh.
M&A
EIG has entered into a memorandum of understanding (MoU) with Aramco that will see the two companies collaborate on energy projects moving forward.
Celsia Centroamérica, the subsidiary of Colombian energy company Celsia, has commenced commercial operations of its Prudencia solar park in Panama.
The Ministry of Energy, together with the Energy Sustainability Agency, has issued a request for information (RFI) for the development of green hydrogen in Chile.
M&A
Leyline Renewable Capital has entered into a partnership with Solterra Energy for the development of the company’s 1 GW distributed generation and utility-scale solar fleet.
M&A
A pair of Texas-based energy companies have launched a sale process for a 600 MW portfolio of standalone battery energy storage systems that are located in the ERCOT market.
Canadian Solar has secured a non-recourse project financing for its Lavras II solar project in Brazil.
M&A
US electric vehicle (EV) company Blink Charging is set to acquire EV charging infrastructure solution business SemaConnect for $200 million.
Spanish developer Cox Energy has secured a €30 million ($31.2 million) credit facility to finance its subsidiary Cox Energy América.
M&A
A pair of buyers have agreed to purchase minority stakes in a 723 MW combined-cycle gas-fired facility in Wisconsin that is supported by a 4 MW solar array from Alliant Energy.
M&A
Renewables developer Longroad Energy has made a strategic investment in a California-based distributed generation platform.
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