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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)

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M&A
Capital Dynamics has reached a deal to sell a 400MW operational portfolio of solar projects in US to a Spanish-owned energy platform.
Petroquímica Comodoro Rivadavia’s renewable business, Luz de Tres Picos, plans a bond issuance to finance a pair of Argentinian wind farms the company is developing.
Enel Green Power has named Jose Luis Navarro Hermoso head of the company's Mexico operations.
AES Brasil is the latest company to sign on to the green hydrogen hub to be developed in the state of Ceará.
Engie North America has signed an agreement with a home appliances company to sell 53 MW of wind generation.
Chile’s National Electric Coordinator (CEN) has awarded transmission projects in a tender launched earlier this year.
Independent power producer Kenlov Renewable Energy and engineering company Ashtrom have signed a power purchase agreement for a portion of the output of a 400 MW (DC) solar project in Texas.
M&A
Cypress Creek Renewables has struck an agreement to sell a 45 MW portfolio of community solar projects in Illinois to Nexamp.
M&A
Solar developer Soltage has purchased a 28 MW solar project that is being built on land held by the Cincinnati Zoo in Ohio.
Engie North America has inked a power purchase agreement with a commercial offtaker for the output of a 250 MW solar project in Texas.
Brazil’s National Electric Energy Agency (ANEEL) has approved the results of the A-4 New Energy auction held in May.
French renewable developer GreenYellow has secured financing for 11 small-scale solar projects the company is developing in Brazil.
Cherian George of Fitch Ratings fame has cropped up in a new role having joined Keystone Global as a senior adviser.
M&A
Brazilian fuels distributor Vibra Energia has purchased a 50% stake in ZEG Biogás e Energia, a biogas and biofuel producer headquartered in São Paulo.
Clēnera has secured financing for a solar project the renewable energy company is developing in the state of Montana.
Argentine electric utility Edenor is preparing its second bond issuance in the local market this year, scheduled for September 22.
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
Update: This article was edited on Sept.16 to include the identity of the sell-side financial advisor and additional details about the PPAs.
Fundamental Renewables, a renewable energy financier, has secured a $400 million credit facility to support the company’s operations.
Argentina’s Petroquímica Comodoro Rivadavia (PCR) is expanding a wind project the company is developing with steel manufacturer ArcelorMittal Acindar.
M&A
NextEra Energy has agreed to sell $2 billion worth of equity units to a trio of investment banks.
Spanish solar developer Solarpack has landed a definitive concession for the development of a solar farm in Peru.
The former CEO of Orsted Onshore has launched a renewable energy investment platform, named Bluestar Energy Capital.
X-Elio has signed a power purchase agreement with German company BASF for 48 MW of power from a solar project the company is developing in Texas.
EDF Renewables has inked a memorandum of understanding (MoU) with Prumo Logística, a transportation and energy conglomerate in Brazil.
Chilean PMGD developer Blue Light Energy has started the permitting process of a small-scale solar project that the company is planning in the metropolitan region of Santiago.
CIT Bank has hired a new director to its energy group from Lightsource bp.
EDF Renewables North America has inked a virtual power purchase agreement with McDonald’s Corp for the output of a 255 MW solar project in Texas.
M&A
Electric vehicle company XL Fleet Corp has purchased rooftop solar developer Spruce Power.
M&A
The oil and gas subsidiary of conglomerate Grupo Ultra has agreed to acquire a distributed generation solar service platform in Brazil.
The National Electric Energy Agency (ANEEL) has reassigned a date for the A-5 renewable auction which was originally supposed to be held on September 16.
Baker Botts has hired the co-head of the energy and infrastructure projects team at Nixon Peabody as a partner to its global projects team in New York.
M&A
bp North America has agreed to acquire EDF Energy Services (EDF ES), the power and gas supplier operating in the United States of French energy company EDF.
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