Asia Pacific
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Troubled Australian asset manager AMP, the parent company to US renewables investor AMP Capital, has avoided a second shareholder vote against executive pay by a slim margin.
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Trafigura Group announced on April 9 that it will launch its first carbon trading desk, led by Hannah Hauman, further expanding the scope of its trading activities.
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Thomas Brostrøm, the former chief executive of Ørsted’s North American offshore wind division, is preparing to take the helm of Shell’s global renewable generation team next year.
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Australian asset manager AMP Capital has confirmed that it has received a non-binding public takeover offer from Ares Management Corp.
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The Hawaii Public Utilities Commission has approved Innergex's 15 MW Paeahu Solar solar-plus-storage project in South Maui.
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BP has entered into an agreement to supply Microsoft Corp with renewable power around the world.
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Australian fund manager AMP Capital has promoted its global head of infrastructure equity – Boe Pahari – to the position of CEO.
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Jack Paris and Philip ten Bosch have been promoted to co-heads of global power investment banking at Citi.
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Infrastructure private equity firm I Squared Capital has named three new partners, in addition to three existing managing partners.
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Engie and EDP have signed a memorandum of understanding to create a co-controlled 50:50 offshore wind joint venture.
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A projects partner at Allen & Overy has returned to the U.S. after a five-year stint in South Korea.
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A 2.6 GW hydro project built in the Soviet Union in the 1950s is partly to blame for the decline of sturgeon that has devastated the Russian caviar industry, according to a British wildlife conservation researcher.
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Korea Electric Power Corp. has hired three bookrunners to run an investor roadshow ahead of a potential dollar-denominated green bond issuance as it looks to build a renewables portfolio in the U.S. through acquisitions.
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An influx of foreign capital from South Korea has flooded the generation space as lenders chase yield in the U.S.
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Three former executives at Venture Global LNG have founded a U.S.-based international investment firm with a focus on infrastructure.
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California-based 8minutenergy Renewables speaks to PFR about its plans to install 1 GW of storage projects in the next four years.
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The debt financing that closed this week for Competitive Power Ventures' 1,050 MW Fairview gas-fired project in Jackson Township, Pa., combined loans from commercial banks, South Korean institutions and three international investors.
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A former head of energy at BNP Paribas in New York has landed at BMO.
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LS Power refinanced two peakers in Illinois in early February, PFR has learned. Like other recently signed loans backing gas-fired projects in PJM Interconnection, the deal attracted interest from South Korean investors.
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TerraForm Global has released its delayed 2015 annual financial report, revealing a net loss of $371 million and project-level defaults as it works with its sponsor SunEdison to find a buyer.
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South Korean investors participated in a $435 million debt financing that closed last week for a portfolio of Dominion Resources solar projects in the U.S.
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Just over a year after the company was unveiled, General Electric-owned Current is undergoing a restructuring, PFR has learned.
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The recently completed 648 MW Kamuthi Solar project in Tamil Nadu, India, has set a new record as the largest solar project in the world.
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Ormat Technologies is looking to acquire geothermal and storage projects in the U.S. and further afield.
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SunEdison has entered settlement discussions with its yield companies, TerraForm Global and TerraForm Power, which have sued their sponsor over an alleged breach of their contracts.
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Institutional investors advised by JP Morgan Asset Management have acquired "substantially all" of the solar independent power producer Sonnedix.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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Rothschild has sent out teasers and set a deadline for bids for SunEdison’s global project portfolio.
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SunEdison unlawfully misappropriated $231 million from TerraForm Global, according to a lawsuit filed by the yield company late on April 3.
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Apple Inc could use the proceeds of its $1.5 billion debut green bond, part of a $12 billion offering it priced on Feb. 16, to finance new and existing solar, wind and storage projects.
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Vision Ridge Partners has closed a $430 million sustainable asset fund and is looking to invest in renewable and other sustainable projects.
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SunEdision may rewrite or scrap a number of announced acquisitions, as the company continues to grapple with its hammering in the stock market.
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TerraForm Global has appointed a new executive v.p. and cfo. Alejandro Hernandez, who is executive v.p. and cfo of TerraForm Power, takes on the task of heading both of SunEdison’s yield companies.
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Solar developer Conergy has increased the size of its bank guarantee facility to $75 million with a $15 million commitment from Goldman Sachs BDC.
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University of Minnesota students have unveiled a solar-powered hybrid car that they will take to the other side of the world to race across Australia.
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Pristine Sun has signed a joint venture with a Chinese PV module manufacturer to develop part of a 572 MW portfolio that it is currently in the market to finance.
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KKR has taken an 80% stake in the solar development subsidiary of Spain's Gestamp, as private equity firms increasingly look to emerging markets for returns.
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Standard & Poor’s has given TerraForm Global its first credit rating, ahead of the yield company's inaugural bond issue.
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The Korea Development Bank has hired an experienced project finance banker from Mizuho as it seeks to bolster its presence in the Americas.
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SunEdison’s emerging market yield company launched its initial public offering and kicked off a roadshow for an $800 million green bond on Monday, both expected to be priced on July 30.
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Infigen Energy is selling a portfolio of U.S. wind projects to an ArcLight Capital Partners subsidiary for $272.5 million, marking its withdrawal from the U.S. wind market.
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TransAlta Corp. could drop a pair of recently acquired wind farms into its yield company, TransAlta Renewables, in a transaction which deal watchers say would enable the Canadian sponsor to meet its debt reduction target for the year.
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SunEdison could become the first sponsor to add solar storage assets to one of its yield companies through its partnership with Green Charge Networks, according to sources at the Belmont, Calif.-based company.
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PSEG Power's acquisition of Genesis Power and Ares EIF Management's 755 MW Keys Energy Center has led to the collapse of a debt financing deal backing the CCGT project, just when it was on the brink of closure.
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8point3 Energy Partners has raised $420 million in its IPO of 20 million class-A shares priced at $21 a share.
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Canadian Solar has secured a $250 million loan from Shanghai-based China Minsheng Bank, to finance its acquisition of Recurrent Energy and the construction of solar projects.
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SunEdison has set the pricing on two convertible bonds totaling $750 million that the company is selling via private placement to fuel its growth in emerging markets.
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SunEdison has tapped four banks as bookrunners for an IPO of its emerging markets yield company.
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Scores of project financiers, investors and sponsors descended on The Wynn Las Vegas for one of the largest events in the power industry calendar: the Platts’ 30th Annual Global Power Market Conference.
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An affiliate of Seoul, Korea-based natural gas distributor Samchully Group, is eyeing the U.S. market, following its purchase of a stake in the 570 MW Luna Energy CCGT facility in Deming, N.M.
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ICBC has hired Marcia Bockol, director of client coverage in the Americas at National Australia Bank, as an executive director in New York.
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An affiliate of Royal Dutch Shell is in advanced discussions with Gestamp Solar to acquire 280 MW of utility-scale solar assets in California.
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The Yieldco Sweep is an exclusive monthly feature that tracks the performance and activity of key yield companies in the power sector with illustrative graphics and market insight.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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Summit Power Group is evaluating the construction costs of its 400 MW integrated combined cycle coal gasification project in Texas after labor costs surged past the original estimate and delayed the project.
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The global wind and solar joint venture between Acciona and KKR could hit the public markets in the first quarter.
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New Zealand-based retail energy company Meridian Energy has sold a solar facjility in California to SunEdison—the final step in Meridian’s exit from the U.S. power market.
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AMP Capital has raised another $450 million to take the overall amount in its AMP Capital Infrastructure Debt Fund II to more than $750 million.
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Acciona has taken initial bids from investors looking to buy into its 2.5 GW global wind and solar portfolio.
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Infigen Energy, the Sydney-based renewable shop widely known for its 1 GW of operational U.S. wind assets, is developing 600 MW of solar projects in the U.S—a pipeline that carries a roughly $1.8 billion price tag.
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Acciona, the construction and engineering firm out of Madrid, has launched a process to bring investors into its 2.5 GW global wind and solar portfolio.
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EDF Renewable Energy has bought a wind project in New Mexico just as it sold a majority stake in Shiloh IV wind farm.
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Essar Group, a multinational corporation based in Mumbai with steel, energy and infrastructure investments, is selling a cogeneration plant in Algoma, Canada.
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Infigen Energy has agreed to form a joint venture with JPMorgan Capital Corp. on tax equity stakes in a portfolio of nine of its wind farms.
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Private equity firm Power Capital Holdings has partnered with Hunt Consolidated subsidiary Hunt Power Capital Partners to launch its maiden power and energy play, Power Capital Partners.
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The International Finance Corp. has closed a $1.2 billion infrastructure investment fund, up from a proposed total of $1 billion.
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Ten years ago this week, the eight states in the U.S. and parts of Ontario experienced the worst blackout in North American history.
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Mitsui & Co. has agreed to buy a stake in Astoria Energy from GDF Suez North America.
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Summit Power Group is aiming to close a $1.5 billion debt facility backing its 400 MW Texas Clean Energy Project near Odessa, Texas, in October.
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Resort beaches are for more than just lounging.
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