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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

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.
M&A
Trafigura Group has invested in a Boston, Massachusetts-based energy storage solutions company.
M&A
Atlas Renewable Energy has acquired a wind project from French energy producer Voltalia, the developer's first wind project in Brazil.
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
Ocean Winds (OW), the offshore wind joint-venture between EDPR and Engie, is expanding its activities in Brazil through the outfit's new subsidiary OW Brasil.
Trinergy, the Chilean subsidiary of German group Das Grüne Emissionshaus (DGE), is plotting the development of a new utility-scale solar park in the region of Coquimbo.
Corio Generation is eyeing more than 5 GW in wind capacity off the coast of Brazil, marking the company’s first offshore wind development in the Americas.
CleanCapital has added to its team, with the renewables developer hiring a senior director of business development from an energy storage solutions company.
Brazilian renewable developer Omega Energia has inked a power purchase agreement with food producer M. Dias Branco.
Andrew Flanagan, the chief development officer at Leeward Renewable Energy, has left the outfit to work in the C-suite of RWE Renewables Americas.
M&A
Brazilian power holding Grupo Energisa has completed its acquisition of transmission company Gemini Energy.
Spanish developer Valfortec has secured a loan for up to $22.4 million to support a 10-project solar portfolio in Chile.
Cypress Creek Renewables has secured a loan to support the development and construction of a 160 MW solar park in Texas.
Darby International Capital has requested an equity investment from development finance institution IDB Invest for its new green fund.
M&A
Innergex has closed its acquisition of Aela Energía, adding 332 MW of wind capacity to the Canadian developer’s renewables portfolio in Chile.
Canadian bank CIBC has added three new members to its energy, infrastructure and transition investment banking group after news broke that Neil Davids had joined the bank earlier this month.
Cheniere Energy has entered into a 15-year sale and purchase agreement with Norway-based energy company Equinor.
M&A
Spain’s Repsol has agreed to sell a minority stake in its renewable subsidiary to Crédit Agricole Assurances and Energy Infrastructure Partners (EIP).
Ormat Technologies has signed a power purchase agreement with a joint powers agency in California for up to 125 MW of geothermal generation from projects in Nevada and California.
Chilean energy company Colbún, together with Air Liquide and Copec, has signed a memorandum of understanding (MoU) with Santiago airport administrator Nuevo Pudahuel to develop green hydrogen.
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