Asset Type
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Motor fuel giant Sunoco has closed on its $7.3 billion all-equity acquisition of independent pipeline operator NuStar.
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Renewables operator ERG has closed on its acquisition of a 75% stake in a 317MW solar and wind portfolio with Apex Clean Energy.
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Lightshift Energy is set to build up to 50MW of battery storage projects for the Massachusetts Municipal Wholesale Electric Company (MMWEC) grid in a first-of-its-kind program.
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Brazilian developer 2W Ecobank has reached financial close on phase 2 of its Kairos wind project located in the state of Ceará.
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Alberta, Canada-based Capital Power has cancelled its $2.4 billion Genesee carbon capture and storage (CCS) project after determining the project was not financially viable.
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AES Brasil has raised R$900 million ($176m) in debentures for projects belonging to the company’s Cajuína wind complex.
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The Bureau of Land Management has opened bidding on 5 lease sales for oil and gas-ready land across the US.
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The Bureau of Ocean Energy Management (BOEM) has released 2 proposed sales for 18GW of offshore wind energy areas off the coast of Oregon and the Gulf of Maine.
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Norwegian power company Statkraft will invest R$926 million ($178m) to transform 2 wind projects into hybrid complexes.
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Plus Power has closed a $82 million tax equity investment with JP Morgan for its 90MW/360MWh Superstition Energy Storage project in Arizona.
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Former Fengate Asset Management director Vince Castranovo has been hired by Calpine as vice president, corporate development.
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Colorado-based Humble Midstream II Partners has hired Brian Newmarch and John Shefchik as CFO and VP, engineering and construction, respectively.
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Houston-based independent power producer WattBridge Energy has hired Steven Sneed as commercial director.
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The New Jersey Board of Utilities (NJBPU) has opened the application process for its fourth offshore wind solicitation, targeting up to 4GW.
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The New York State Energy Research Development Authority (NYSERDA) has awarded conditional agreements to utility-scale onshore renewables projects totalling 2.4GW.
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The Nordex Group and has appointed Manav Sharma as chief executive, North America to lead the wind turbine maker’s expansion in the US.
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Petrobras has signed a memorandum of understanding (MoU) with the government of the state of Rio Grande do Norte in Brazil for offshore wind generation.
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Ocean Power Technologies’ corporate controller, treasurer, and principal accounting officer, Joseph DiPietro, has left the company, PFR has learned.
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Construction and development firm Skanska has been awarded an $861 million contract to develop an offshore wind port at the South Brooklyn Marine Terminal (SBMT).
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Pine Gate Renewables has closed a $650 million investment round led by Generate Capital, the Healthcare of Ontario Pension Plan (HOOPP), and HESTA.
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The Governor's Energy Office of Maine has released a request for information (RFI) regarding the state's first utility-scale offshore wind auction, totalling 3GW.
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YPF Energía Eléctrica (YPF Luz) is planning to develop the company’s fifth wind project in Argentina.
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Evergy has closed on the acquisition of a 22.2% stake in the 655MW natural gas-fired Dogwood Energy facility.
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Axium Infrastructure’s Coachella subsidiary will sell its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
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Santiago-based Plus Energia SpA is planning to develop a $350 million battery energy storage system project in Chile.
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Agilitas Energy has closed $100 million in debt financing from Nomura to grow its 250MW portfolio of solar and energy projects in the northeast US.
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The Bureau of Ocean Energy Management (BOEM) has issued a 5-year offshore wind leasing schedule that will see 12 offshore wind energy lease sales through 2028.
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Central Coast Community Energy (3CE), a California community choice aggregator, has issued a request for proposals (RFP) for clean energy and storage power purchase agreements (PPAs).
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Greenbacker Renewable Energy Company has closed its sale-leaseback deal with Huntington National Bank, securing $437 million to finance the repowering of a 3 asset wind portfolio.
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The New York State Energy Research and Development Authority (NYSERDA) plans to deploy $500 million in investment commitments to establish an offshore wind supply chain in New York State.
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The Department of Energy (DOE) has awarded $1.93 billion in qualifying advanced energy project tax credit allocations – known as 48C tax credits – to 35 projects focused on renewable manufacturing and greenhouse gas emission reduction.
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Southwest Gas has closed on its near $300 million initial public offering (IPO) of subsidiary Centuri Holdings.
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Brazilian conglomerate Brasal is issuing R$170 million ($33 million) in debentures for a hydroelectric project in Brazil.
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US-based firm Bernhard has entered a 30-year energy-as-a-service (EaaS) partnership with Hackensack Meridian Health (HMH), resulting in a $134 million solar energy and battery storage system.
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The Government of São Paulo has sold its shares in Empresa Metropolitana de Águas e Energia (Emae) placing the power company in private ownership.
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Clearway Energy Group has closed a $174 million project financing and finalised a power purchase agreement (PPA) for its Dan's Mountain wind farm in Western Maryland.
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The New York State Energy Research and Development Authority (NYSERDA) has closed its 2022 solicitation tender with no final awards given after GE Vernova "caused material changes" by changing its turbine design for the projects.
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New England states have jointly-submitted applications to compete in the second round of the Department of Energy (DOE)’s Grid Innovation Program (GIP) which has $1.82 billion to award.
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Minority stake sales in renewables platforms are becoming more common as sellers look to “recycle capital’, according to Ammad Faisal, senior managing director, Marathon Capital.
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An Arizona federal judge has rejected a request by Native American tribes and environmental groups to halt the construction of Pattern Energy's SunZia project.
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Asset management firm Connor, Clark & Lunn Infrastructure (CC&L) has closed on the acquisition of an 80% stake in the Sharp Hills wind farm from EDP Renewables Canada (EDPR Canada).
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Engie North America has inked an agreement to develop 12 renewable projects totalling 15GWh to power the facilities of technology and science company RTX.
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HASI has amended and extended its corporate unsecured credit facility with 14 banks to $1.65 billion, including a revolving line of credit, term loan A, and Green Commercial Paper Note Program (CarbonCount Green CP).
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Colorado-based renewables company Scout Clean Energy has signed a 12-year virtual power purchase agreement (VPPA) with Zoetis for a 50MW portion of its Heart of Texas wind farm.
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Infinigen Renewables is partnering with FlexGen on a battery storage project in the Yabucoa municipality in Puerto Rico.
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The technology venture arm of US-based oil & gas producer Chevron has launched a third fund with $500 million in capital.
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Arevon Energy has inked a long-term tolling agreement with electricity provider MCE for its 250MW Cormorant Energy Storage Project in Daly City, California.
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Battery storage developer Spearmint Energy has hired four senior executives to its project finance, capital markets, regulatory affairs, and commercial operations teams.
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PPL Corporation's CEO told the room of power executives at S&P's Global Power Market Conference 2024 that more natural gas power is needed despite a focus on renewables.
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Brazilian power generator Eneva will issue R$2.5 billion ($475 million) in debentures to refinance assets.
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Origis Energy has closed a $136 million construction financing facility and a conversion-to-term loan from MUFG for its 75MW Rice Creek Solar project in Florida.
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Lightshift Energy, a utility-scale energy storage developer, has hired Robert Greskowiak as chief commercial officer.
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Nova Clean Energy has acquired HyFuels, a 1GW mid-to-late-stage wind and solar development that also contains an early-stage green ammonia project on the Texas Gulf coast.
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SolaREIT has closed $13 million in real estate financings for several NineDot Energy battery energy storage (BESS) projects in New York City.
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NextEra Energy has entered into an offtake agreement with wholesale power provider Guzman Energy and local electric cooperative Holy Cross Energy (HCE) for 100% of the capacity of its 200MW Bronco Plains II wind project in Colorado.
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Santiago-based renewable developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.
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Arevon Energy has appointed the former co-president of Starwood Infrastructure Finance as its chief investment officer, based in New York.
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Copenhagen Infrastructure Partners (CIP) has acquired Liberty Renewables and its 1.3GW pipeline of onshore wind projects in New York State.
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Vinci Group has acquired a minority stake in NatPower SA, a renewable energy developer which operates in Italy, the UK, and the US, in a deal valued at €50 million ($53m).
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Engie Chile, a subsidiary of the French electric utility Engie, will install a standalone battery energy storage system (BESS) to replace the disconnected coal-fired and fuel oil-based units at the Tocopilla thermal power plant complex (CTT) in Antofagasta.
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Consumers Energy – Michigan’s largest power provider – has entered an agreement to provide electricity to 44 Walmart stores in the State.
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California Independent System Operator (CAISO) has announced that 2 of the offshore wind-related transmission processes will be part of a May 2024 competitive transmission procurement.
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The US offshore wind sector continues to gain momentum with the latest round of regulatory approvals as financiers begin to prep the paperwork to fund these mega projects.
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Peru’s Ministry of Energy and Mines (MINEM) is readying 26 renewable energy projects to be built in the coming years.
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Denmark's Investment Fund for Developing Countries (IFU) is providing an additional €7 million ($7.6m) to the 94MW Ouro Branco and Quatro Ventos wind complex in Brazil, due to an expansion of the project and unexpected delays.
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Engie has signed a virtual power purchase agreement (VPPA) with Sonoco, a sustainable packaging company, for 140MW of its 270MW Big Sampson Wind Project, which is under construction in Texas.
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Renewable energy infrastructure fund manager Excelsior Energy Capital has launched Lydian Energy, an independent power producer (IPP) specialising in the development, construction, and operation of utility-scale solar and battery energy storage projects in North America.
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Nuclear technology company Oklo has signed a long-term power purchase agreement (PPA) for a 50MW project with major oil producer Diamond Energy.
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Enbridge subsidiaries Enbridge Energy Partners and Spectra Energy Partners have closed on their offering of $3.5 billion in senior notes, PFR has learned.
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Chesapeake Energy’s $7.4 billion merger with Southwestern Energy has been delayed following a request from the Federal Trade Commission (FTC).
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Utility-scale energy storage developer esVolta has secured a $185 million senior secured credit facility from a consortium of banks led by Nomura Securities International.
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Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.
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Alternus Clean Energy, a utility-scale independent power producer, has entered a joint venture partnership with Acadia Energy to develop 200MW of microgrid projects in New York State.
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Grid-scale battery company Energy Vault has selected Michael Beer as its chief financial officer.
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Spanish infrastructure builder and operator Elecnor won approval to build a 284MW wind farm and associated infrastructure in the Chilean region of Los Lagos.
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Granite Shore Power has announced the retirement of its 439MW Merrimack coal plant in 2028, marking the end of the last operating coal plant in New England.
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Independent natural gas and oil company HighPeak Energy will up its existing $75 million credit agreement to $100 million, PFR has learned.
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Canadian Solar subsidiary Recurrent Energy has secured a €110 million ($120m) multi-currency facility from a consortium of banks led by Investec to support its solar and storage project pipeline in Canada, the US, and abroad.
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Rockland Power will up its stake in the 237MW Eagle Point Power Generation plant by 13%, PFR has learned.
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The Bureau of Ocean Energy Management (BOEM) has given a Record of Decision (ROD) to Avangrid for its New England Wind lease area, the penultimate permit approval needed to construct its 2.6GW offshore wind projects.
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EDF Renewables Brasil and Serena Geração have completed the share swap of their stakes in the Pirapora Solar Complex and the Ventos da Bahia wind farm.
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Natural gas utility Atmos Energy has entered into 2 revolving credit facilities totaling $3 billion, PFR has learned.
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Mitsubishi Power Americas-owned battery business Prevalon Energy has agreed to develop a 328MWh battery energy storage system (BESS) signed to a long-term service agreement with Idaho Power.
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Solar and storage developer MN8 has closed a private placement at $325 million from Mercuria Energy Group and Ridgewood Infrastructure to grow its US pipeline of solar, storage, and electric vehicle (EV) charging projects.
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Enbridge has closed on the sale of its 50% stake in the Alliance Pipeline and its 42.7% stake in Aux Sable to Pembina Pipeline.
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Natural gas giant CPS Energy will acquire Talen Energy Corporation’s approximately 1,710MW generation portfolio, including natural gas plants in Corpus Christi and Laredo, Texas.
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Utility-scale battery storage developer Lightshift has received $100 million in investments from 2 of Greenbacker Capital Management's sustainability and infrastructure-focused investment vehicles.
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Brazilian utility Cemig is selling its 45% share in power generation company Aliança Energia to mining company Vale, making Vale the sole owner of Aliança.
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Brazilian developer 2W Ecobank has secured long-term financing for the second phase of its Kairós wind complex located in the state of Ceará.
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Shell North America has sold its 50% stake in the 2.4GW proposed SouthCoast Wind project with its joint venture partner Ocean Winds North America.
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Ørsted, Avangrid, and Vineyard Offshore among bidders of the 6GW to Massachusetts, Connecticut, and Rhode Island for the states' combined New England auction.
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The Department of Energy's (DOE) Loan Programs Office (LPO) has awarded energy equipment supplier Holtec $1.52 billion to restore its 800MW Palisades nuclear-generating station in Michigan.
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Neoenergia has signed a memorandum of understanding (MoU) with the government of Rio de Janeiro to support the development of offshore wind projects.
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Southeast PowerGen will sell both its 386MW MPC Generating Power Plant and its 692MW Sandersville gas-fired sites to Gulf Pacific Power, PFR has learned.
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The Bureau of Ocean Energy Management (BOEM) has approved Ørsted's 924MW Sunrise Wind project off the coast of New York, making it the seventh utility-scale offshore wind project approved under the Biden-Harris administration.
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Natixis Corporate & Investment Banking has closed a $900 million letter of credit with Invenergy to fund its project development pipeline of utility-scale wind and solar projects, as well as battery storage systems.
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EDP Renewables North America (EDPR NA) and superstore megachain Walmart have inked a 15-year power purchase agreement (PPA) for part of a 180MW solar project in Texas.
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Elawan Energy landed financing from the Northeast Development Fund (FDNE) for a wind project the company is developing in Brazil.
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Clean power developer Leeward Renewable Energy (LRE) has appointed Nate Graham as chief technology officer.
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Spanish developer Grenergy has completed the sale of wind assets in Peru to Engie Energía Perú.
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The Department of Energy (DOE) has awarded $475 million in funding for 5 projects that feature renewable development on former mining lands. The projects are located across Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia.
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Invenergy has closed $1.27 billion in construction financing with Natixis Corporate & Investment Banking (CIB) on 4 renewables projects in Kansas and Texas, totalling 677MW.
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Ørsted continues leadership changes after suffering significant impairments in 2023 from US offshore wind projects with the hire of Rasmus Errboe as deputy chief executive officer and chief commercial officer.
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InfraRed Capital Partners has closed its purchase of shares in 2 utility-scale onshore renewables projects from Shell's US subsidiaries, Shell Windenergy and Savion, for $166 million.
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Atlas Renewable Energy signs a power purchase agreement (PPA) for a battery energy storage system (BESS) the company operates in Chile.
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Cheniere Energy has closed the sale of a $1.5 billion aggregate principal senior notes offering, PFR has learned.
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Chilean developer Viento Verde is planning to expand an existing wind project that was approved in 2015.
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The Bureau of Ocean Energy Management (BOEM) has proposed a second offshore wind lease sale for the Gulf of Mexico. The sale includes 4 sites off Louisiana and Texas which have the potential to power up to 1.2 million homes.
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New Fortress Energy (NFE) has completed the acquisition and transfer of a 1.6GW capacity reserve contract from Ceiba Energy, a company of Denham Capital.
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Santiago-based renewable developer Biwo Renovables is planning a standalone battery energy storage system (BESS) project in Chile.
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UAE state-owned developer Masdar is set to acquire a 50% stake in US-based independent renewable energy power producer Terra-Gen Power from Energy Capital Partners (ECP).
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Renewables developer Arevon Energy has entered into a 15-year energy storage service agreement with local utility San Diego Community Power (SDPC) for its Avocet Energy Storage Project.
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Fiera Infrastructure Private Debt has joined Nomura Securities in a $200 million financing for Spanish developer Greenalia's 3GW wind and solar project pipeline in the US.
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Babcock & Wilcox's (B&W) thermal subsidiary has signed a $246 million agreement to complete a 1GW coal-to-natural gas conversion project.
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New Fortress Energy has sold a pair of emergency gas-fired power plants the company built last year on behalf of US Army Corps of Engineers.
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Partners Group subsidiary Exus North America has closed on its acquisition of onshore wind projects from Dutch commodity trader Vitol and Oppidum Green Energy.
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King & Spalding has hired an energy-focused tax partner for its New York-based corporate practice group.
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The Bureau of Ocean Energy Management (BOEM) has finalised a Wind Energy Area (WEA) in the Gulf of Maine, which has a potential 32GW capacity.
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French energy company Engie has received the approval to move ahead and start construction of its Pemuco wind project in Chile.
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Power producer SCC Power has completed the expansion and conversion to combined cycle of the San Pedro power plant in Buenos Aires province.
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Sempra Infrastructure has reached a final investment decision (FID) for the $550 million Cimarron wind project the company is developing in Baja California, Mexico.
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Ørsted's 132MW South Fork Wind is the first utility-scale offshore wind project to become fully operational in the US. The achievement comes after nearly a decade of industry struggles since the first large-scale transmission farm, Cape Wind, failed in 2015.
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Reformed Energy is to receive a strategic investment from Riot Platforms to fully commercialise its waste-to-energy technology.
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Spanish renewable developer Solarpack has appointed José Luis García Pérez as chief executive for Latin America, based in Santiago, Chile.
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Nuclear power plant operator Constellation Energy has offered $900 million in green senior notes due 15 March, 2054, PFR has learned.
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Enel Americas and Enel Perú have landed approval for the $1.4 billion sale of their Peruvian generation assets to Actis-owned Niagara Energy.
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Danish developer Ørsted has agreed to sell its stakes in a 957MW operating wind portfolio in the US to Stonepeak for about $300 million.
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Longroad Energy has closed a debt facility with a consortium of banks led by CIBC and a tax equity loan from Athene Annuity and Life Insurance Company for its 444MW/855MWh Serrano solar project in Arizona. PFR understands the value of the financing to be $650 million.
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Microgrid and microturbine manufacturer Capstone Green Energy Holdings has hired Vince Canino as its president and chief executive.
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Renewable real estate investment fund SolaREIT has hired 3 senior vice presidents to its corporate and business development teams amid company expansion.
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EQT Corporation will acquire natural gas provider Equitrans Midstream Corporation in an all-stock transaction valued at $5.45 billion.
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EnCap Energy Transition Fund (ETF) has launched Bildmore, a platform company that invests in minority tax equity stakes in solar, battery storage, and energy transmission projects.
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Renewables developer NextEra Resources is selling its Dunns Bridge II Solar and Storage project to a joint venture managed by utility the North Indiana Public Service Company (NIPSCO) and an unnamed tax equity investor, PFR has learned.
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Vistra Corporation has closed on the sale of the Richland and Stryker power plants to Rockland Capital, one of the final puzzle pieces in the closing of its $6.3 billion merger with Energy Harbor.
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Spanish energy giant Repsol has closed on its acquisition of US renewable development company ConnectGen for $768 million.
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The former co-founder and chief financial officer of OKRA Finance has been appointed as the head of transactions and finance at renewable energy tax credit marketplace Reunion.
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Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s East Ohio Gas Company (EOG) for $6.6 billion.
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Utility-scale battery developer GridStor has acquired a 450MW/900MWh battery energy storage system (BESS) project in Galveston, Texas, from Balanced Rock Power.
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A consortium of insurance companies has agreed to acquire a 76.5MW biomass-fuelled power plant sited in Berlin, New Hampshire, PFR has learned.
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Mining company SolGold has signed a memorandum of understanding (MoU) with renewables developers to construct a 200MW hydro-solar project to power its Cascabel Project in Northern Ecuador.
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Utility-scale solar and energy storage development company Redeux Energy Partners is seeking investors to buy a minority stake as a corporate-level equity capital raise, PFR has learned.
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Battery developer GridStor has closed a tax credit transfer sale with JP Morgan for its 60MW/160MWh Goleta Project, which consists of 44 battery energy storage systems in Santa Barbara, California.
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Renewables developer Genneia is planning to issue green bonds for a duo of solar and wind projects in Argentina.
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TC Energy and partner Northern New England Investment Company are to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock and investment funds managed by Morgan Stanley Infrastructure Partners (MSIP).
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Canadian power company TransAlta has signed 10-year tax credit transfer agreements for 2 Oklahoma-based wind projects totalling 500MW.
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Elda River Capital Management, a real assets-focused investment firm, has spun off from private equity fund Magnetar Capital with $1.5 billion in assets under its management.
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Chevron New Energies is set to develop a 5MW hydrogen production and solar project on its existing oil field in California's Central Valley.
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The Government of Canada has closed its second green bond issuance, a C$4 billion ($2.9 billion) 10-year green bond, becoming the first sovereign borrower to issue a green bond that includes nuclear expenditures.
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Engie North America has signed 3 tax equity financing agreements totalling $1 billion with JP Morgan, Goldman Sachs, and BNP Paribas. The financing covers 6 renewable energy projects, including 950MW of solar and 353MW of wind.
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New Fortress Energy (NFE) has inaugurated its Barcarena LNG terminal – part of a thermoelectric complex project in Barcarena, Pará state.
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The largest clean energy infrastructure project in US history was closed just before we started the new year. Pattern Energy inked $11 billion in financing for its 500+ mile transmission line connecting more than 3.5GW of stranded wind resources – SunZia.
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The New York State Energy Research and Development Authority (NYSERDA) has issued conditional agreements for 2 offshore wind projects in its fourth offshore wind solicitation: 810MW Equinor-owned Empire Wind 1 and Ørsted & Eversource-developed 924MW Sunrise Wind.
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Investment bank Moelis & Company has hired Stephen Trauber, formerly Citi's global head of energy transition, as chairman and global head of its energy and energy transition team.
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Renewables developer Casa dos Ventos has contracted an offtaker for the operational Rio do Vento wind complex in Brazil.
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Renewable real estate investment fund SolaREIT has secured an additional $30 million in revolving credit from Atlantic Union Bank.
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The Department of Energy (DOE) has conditionally awarded $366 million to 17 projects that aim to improve the transmission and electrical distribution of power in rural and remote areas across the US.
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The government of Mexico and Iberdrola have formally closed government-backed Mexico Infrastructure Partners’ (MIP) $6.2 billion acquisition of a majority stake in the Spanish company’s Mexican portfolio.
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EDF Renewables North America has inked a 20-year power purchase agreement (PPA) with Southern California Public Power Authority (SCPPA) to receive 125MW of EDF's 300MW Bonanza solar and storage project in Nevada.
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Colombia power company Celsia is considering selling a duo of wind projects located in the department La Guajira, Colombia.
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The Bureau of Ocean Energy Management (BOEM) has released the final environmental review of the 2.6GW New England Wind project off Massachusetts. The project is owned by Park City Wind, a subsidiary of Avangrid, and is expected to power over 900,000 homes.
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Mitsubishi Power Americas' battery energy storage systems (BESS) division has been spun into a standalone business — Prevalon Energy.
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Capital Power has closed on its acquisition of 2 contracted combined-cycle US gas generation facilities from Beal Financial Corporation subsidiary CSG Investments.
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The Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan (COP) of 800MW Empire Wind 1, an offshore wind farm owned by Equinor in the New York Bight region. The BOEM's decision was the final step before the project could commence construction.
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Arevon Energy has secured more than $1 billion in financing commitments for its Eland 2 solar-plus-storage project in Kern County, California.
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Florida Municipal Power Agency (FMPA) has closed on the first of 3 project acquisitions totaling 339 MW natural gas-fired capacity, from numerous utilities, PFR has learned.
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Infrastructure and real assets-focused investment firm Stonepeak will acquire a 50% interest in Dominion Energy’s Coastal Virginia Offshore Wind project.
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NorthRenew Energy is to sell its Arco Wind and Solar facility to US-based grid operator PacifiCorp.
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The Federal Economic Competition Commission (Cofece) has conditionally approved the acquisition of a majority stake in Iberdrola's Mexican portfolio by government-backed Mexico Infrastructure Partners (MIP).
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Strata Clean Energy has secured $559 million for its 255MW/1,020MWh Scatter Wash energy storage project in Arizona.
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French energy business TotalEnergies has closed on the $635 million acquisition of 3 gas-fired power plants in Texas from TexGen, PFR has learned.
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Allete has expanded its 5-year US green energy investment plan by $1 billion alongside its successful 2023 revenue reports. The plan now includes $4.3 billion for its utility division, Minnesota Power, to grow its renewable energy exposure.
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EnerSmart is to sell a pair of 3MW battery energy storage system (BESS) facilities sited in Chula Vista, California to renewables investment firm Kendall Sustainable Infrastructure (KSI), PFR has found.
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Against challenging clean energy targets the US offshore wind energy continues to forge ahead. Since the start of the Biden-Harris administration, the Department of the Interior has approved the nation's first 6 commercial-scale offshore wind energy projects.
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Battery manufacturer Ascend Elements has raised $162 million in equity investments from Just Climate, Clearvision Ventures, and IRONGREY.
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A subsidiary of the Spain-based renewables developer Greenalia has closed $200 million in 3-year credit facilities to support its US solar and wind project pipeline.
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Delta Utilities – a portfolio company of Bernhard Capital – has today (20 February) entered an agreement with CenterPoint Energy to acquire natural gas distribution networks.
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Macquarie Asset Management has today (20 February) agreed the sale of Lordstown Energy Center to Arclight Capital vehicle ArcLight Fund VII.
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Electricity and power generation company Vistra has received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor. It is the final approval needed in a $6.3 billion merger that will rebrand Vistra as renewables mega firm Vistra Vision.
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Sustainable infrastructure company Generate Capital is to sell a 13.45% stake in Pine Gate Renewables to the Healthcare of Ontario Pension Plan Trust Fund (HOOPP), PFR has found.
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New Fortress Energy has completed sale of its 20% equity interest in global maritime infrastructure company Energos Infrastructure to Apollo-managed funds.
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Allete Power has issued a request for proposals (RFP) for up to 400MW of wind energy to come online by the end of 2027.
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Plus Power has closed $98 million in tax equity investment from Greenprint Capital Management for its 200MW/400MWh Ebony Energy Storage facility in Comal County, Texas.
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National Fuel Gas Company (NFG) has entered a multi-bank $300 million unsecured term loan credit facility, PFR has learned.
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Blackstone is looking for buyers for a stake in its portfolio company Aypa Power. PFR understands Blackstone is looking to sell a minority stake and is in talks with multiple potential buyers.
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Asset management firm Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) will acquire a majority stake in the Sharp Hills wind farm from EDP Renewables subsidiary EDP Renewables Canada (EDPR Canada).
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The US Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) will deploy an additional $100 million to aid industrial carbon dioxide removal.
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The Bureau of Ocean Energy Management (BOEM) has designated 2 final Wind Energy Areas (WEAs) offshore Oregon as it moves closer to a lease sale.
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Eversource Energy has agreed to divest to Global Infrastructure Partners (GIP) its 50% stake in its remaining 2 offshore projects that are co-owned with Ørsted.
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Diversified clean energy company, CleanCapital, and investment-grade battery energy storage systems developer, Available Power, have entered a joint venture to build a pipeline of US-based distributed energy storage projects.
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Independent power producer (IPP) Urban Grid has hired Eivind Osterhus as chief financial officer and Erica Engle as chief commercial officer.
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Verde Clean Fuels and a Diamondback Energy subsidiary have signed a joint development agreement for a facility to produce commodity-grade gasoline using natural gas feedstock supplied from Diamondback’s operations in the Permian Basin.
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Arevon Energy, the renewable energy developer, owner, and operator, has reached financial close for the 200MW/800MWh Condor Energy Storage Project.
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Amazon has signed a power purchase agreement (PPA) to source energy from an Avangrid wind farm located in Gilliam County, Oregon.
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Sandow Lakes Energy Company is preparing to construct a 1.2GW natural gas-fueled power plant in Texas.
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To bolster California's offshore wind industry state legislators proposed a $1 billion bond act to help pay for the expansion of ports.
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Foss & Company has penned a $118.5 million tax equity investment in the Longbow BESS project, a battery energy storage system (BESS) located in Brazoria County, TX.
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Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold a portfolio of nearly 400MW storage projects to UBS Asset Management.
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Developer and grid-scale energy storage operator Jupiter Power has hired former Invenergy executive Jesse Campbell as its chief financial officer (CFO).
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Evergy will acquire a 22.2% interest stake in 655MW natural gas-fired facility Dogwood Energy, PFR has learned.
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Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold nearly 400MWs of storage projects to UBS Asset Management.
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A Tenaska affiliate has acquired 6 natural gas generation facilities from IMG Energy Solutions.
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Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), has closed on the sale of an 18% ownership stake in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.
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Portland General Electric (PGE) closed on its acquisition of a 208MW stake in the Clearwater Wind Farm from developer NextEra, PFR has learned.
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Spire is offering $350 million in 5.3% senior notes due 2026 to help fund the acquisition of the MoGas and Omega pipeline systems.
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Industrial power company One Energy Enterprises has appointed Tom Russell as its chief financial officer (CFO) ahead of its New York Stock Exchange (NYSE) listing.
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Battery-focused renewable energy company Spearmint Energy has closed a $47.5 million project finance term loan from global financial services provider Manulife.
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Argentine power generator Albanesi Energía is planning to issue bonds in the local market, scheduled for 14 February 2024.
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Portland General Electric (PGE) has called for bids on clean dispatchable capacity via an all-source request for proposal (RFP).
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BP Energy Partners-owned Cryopeak LNG Solutions has merged with the Energy & Minerals Group-owned Ferus Natural Gas Fuels, combining their LNG production and distribution technologies.
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Renewables company BrightNight has made 2 senior-level appointments to its asset management and construction teams.
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Midstream power company NGL Energy Partners has closed on a $2.9 billion refinancing.
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Independent power producer and asset manager Greenbacker has continued to add to its leadership team with appointment of Christopher Smith as chief financial officer and Carl Weatherley-White as head of capital markets.
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Serena - formerly Omega Energia - has received financing from Sudene’s Northeast Development Fund (FDNE) for its Assuruá 5 wind project in Brazil.
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Scout Clean Energy, a Brookfield Asset Management portfolio company, has signed a virtual power purchase agreement (VPPA) with not-for-profit healthcare system manager AdventHealth for 90MW from a Texas wind farm.
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Nuveen has teamed up with Aiga Capital Partners on its $200 million term loan to battery energy storage system (BESS) developer Spearmint Energy.
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Avangrid is readying its first renewable energy project in Oklahoma, the 147.5MW Pontotoc Wind project.
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Swedish industrials business SKF has signed 2 Renewable Energy Certificate (REC) purchase agreements in North America.
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Renewable energy provider Cordia has closed on its acquisition of Pittsburgh, Pennsylvania-sited energy systems from Essential Utilities for $165 million.
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Spanish renewable developer Grenergy is offloading 174MW of wind and solar assets the company owns in Peru.
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Quantum Capital Group has partnered with Humble Midstream II to fund the company’s continuing development and operation of US-based energy infrastructure projects.
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Dominion Energy has secured final approval from the Bureau of Ocean Energy Management (BOEM) for the construction and operations of its 2.6GW Coastal Virginia Offshore Wind (CVOW) project.
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Tokyo Gas subsidiary Tokyo Gas America has closed on its $216 million acquisition of the Longbow battery energy storage (BESS) project from Clean Capital Partners.
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Nuclear company Westinghouse has hired former vice president of strategy and innovation at Kairos Power, Lou Martinez Sancho, as its chief technology officer.
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Canadian independent power producer Innergex Renewable Energy, along with its community partners, has won 2 wind projects totaling 400MW in Hydro-Québec's request for proposals (RFP).
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Midstream power company NGL Energy Partners has increased its senior secured notes offering to $2.2 billion.
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Utility-scale developer RedWind Renewables has sold 2 250MW solar PV and BESS projects to global renewable energy business Greenvolt Power.
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Danish energy company Ørsted has terminated its offtake agreement with the state of Maryland for its 2 Skipjack Wind projects as it re-evaluates project plans amid current market conditions.
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BP and Equinor have divided their offshore wind joint venture projects with BP claiming full ownership of Beacon Wind and Equinor taking ownership of Empire Wind.
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The New York State Energy Research and Development Authority (NYSERDA) has closed its solicitation process for its fourth offshore wind auction. Several companies have announced their proposals, including Equinor, RWE, National Grid, and Ørsted.
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Renewables developer Swift Current Energy has upsized its $225 million revolving credit facility to $312.5 million to fund its US project pipeline.
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Potengi Holdings, a joint venture between AES Brasil and food processing company BRF, is planning to issue bonds for wind projects in Brazil.
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Ørsted is to become the sole owner of the 924MW Sunrise Wind project after buying out joint venture partner Eversource Energy.
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Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), is diluting its interest in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.
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Consortiums led by Invenergy and TotalEnergies were awarded offshore wind projects with conditional contracts of 3.74GW capacity as the New Jersey Board of Public Utilities (NJBPU) closes its third-round tender.
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Commercial energy developer Green Lantern Solar has named Dave Carpenter as vice president of development.
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Spanish renewable developer Grenergy has signed a hybrid power purchase agreement (PPA) for its Oasis storage project in Chile.
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Actis-backed power generation company Valia Energía has issued $530 million in project bonds in Mexico.
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Solar real estate investment fund SolaREIT has launched a battery energy storage systems (BESS) lending platform, to be led by recently hired senior vice president of business development, Nicole Wolf.
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Chilean utility Colbún is planning to add a 360MW wind project to its development pipeline in Chile.
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Updated to include:
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Motor fuel giant Sunoco has agreed to acquire independent pipeline operator NuStar in an all-equity transaction valued at $7.3 billion.
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Chile’s Inversiones Latin America Power (ILAP) has successfully completed its Chapter 11 restructuring process.
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CorEnergy Infrastructure has closed on sale of its MoGas and Omega pipeline systems (MoGas System) to Spire subsidiary Spire Midstream.
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RWE Clean Energy has promoted Andrew Flanagan, the company's former chief development officer, to chief executive.
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Large nuclear plants may overtake previously trending small modular reactors (SMRs) in the market as both private and federal funds are zeroing in on the sector to meet ever-growing grid demand.
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The Bureau of Land Management (BLM) will begin the first of 8 oil and gas lease sales this year with the auction of 19 Wyoming-sited parcels covering 13,858.91 acres on 5 March.
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Capital Power Corporation and Ontario Power Generation (OPG) have joined forces to assess the development of grid-scale, small modular reactors (SMR) in Alberta, Canada.
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Apex Clean Energy and Korean energy company SK Gas and its green energy development business SK D&D are partnering up to own US-based energy storage facilities.
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Argentine renewables developer Hychico has submitted a wind project for environmental review in Chile.
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Partners Group subsidiary Exus North America has agreed to purchase Dutch commodity trader Vitol’s 244MW Pennsylvania-based 3-project wind portfolio, PFR has learned.
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LS Power has agreed to acquire an 810MW natural gas-fired power plant sited in Gettysburg, Pennsylvania from an affiliate of Platinum Equity.
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Casa dos Ventos and ArcelorMittal have landed financing from development bank BNDES for a wind complex they are co-developing in Brazil.
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Macquarie-backed Galehead Development has hired Dru Steubing, the former vice president of development at Apex Energy, as chief development officer.
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Despite renewables grabbing the headlines, emergency weather situations and the increased energy demand in cities with rapidly rising populations have been catalysts for a “gas renaissance” in the M&A power space.
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GE-owned power plant EFS Parlin has closed on the sale of all of its interconnection rights and started the decommissioning process of its 123.5MW natural gas facility following bankruptcy.
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Independent power producer (IPP) Pathway Power has entered a $25 million growth capital partnership with Tokyo-based independent renewables business Renova.
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The Bureau of Ocean Energy Management (BOEM) has drafted the environmental review of future development on the six lease areas awarded in the New York Bight tender in 2022.
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Spire has named Scott Doyle its executive vice president and chief operating officer, effective January 15, 2024.
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Investment firm Fibra Orión has acquired a wind project located in Mexico, marking the firm’s first energy investment.
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Battery storage developer Key Capture Energy and impact investment firm Enhanced Capital have closed an investment tax credits (ITC) transfer agreement with a third party.
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Meridian Clean Energy has upped its stake in 850MW simple-cycle natural gas plant Sentinel Energy.
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Green data center developer Digital Power Optimization (DPO) has closed a power purchase agreement (PPA) with an unnamed multinational renewables developer with over 150MW wind farms in Texas.
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Xcel Energy has commenced construction on its two initial phases of the 460MW Sherco Solar project, with an additional 250MW co-sited solar array is pending permit approval, as it replaces a coal-fired plant in Minnesota.
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Miami-based Atlas Renewable Energy is adding a wind project to its renewable development pipeline in Chile.
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Pan American Energy (PAE) has secured a R$1.1 billion ($224 million) long-term debt package for the company’s Novo Horizonte wind complex in Brazil.
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Energy giants Equinor and BP have canceled their power purchase agreement (PPA) with New York to provide 1.26GW from the proposed Empire Wind 2 project.
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Williams has closed on its $1.95 billion acquisition of a portfolio of natural gas storage assets from an affiliate of Hartree Partners.
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Renewables operator ERG has agreed to partner with independent US green power company Apex Clean Energy Holdings to manage and potentially expand a currently operating portfolio of wind and solar projects.
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Brazil’s Eletrobras has closed the sale of the last coal-fired power plant the company owns in the country.
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Capital Power has completed its $97.5 million acquisition of the Frederickson 1 Generating Station from Atlantic Power & Utilities.
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New Fortress Energy (NFE) has entered a definitive agreement to acquire a 1.6GW capacity reserve contract — PortoCem PPA — from Denham Capital-backed Ceiba Energy.
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Eneva has landed more than R$1 billion ($206 million) in financing for a gas-fired power plant the company is developing in Brazil.
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Global Partners has completed the acquisition of 25 liquid energy terminals from Saudi Aramco-subsidiary Motiva Enterprises.
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The state of Delaware has begun official negotiations with offshore wind developer US Wind, which is developing two wind farms off Maryland, to provide lease areas for the farms' undersea cables and onshore substations.
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Siemens Energy has signed a memorandum of understanding with Santa Clara, California-based fast fission clean power company Oklo to become its preferred supplier as it scales up its advanced fission power plants.
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Hull Street Energy has closed on a $160 million credit facility to finance its 855 MW Milepost Power Texas portfolio, Mesquite Generation.
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Crescent Point Energy has closed on its acquisition of Canadian Riverstone Holdings-owned oil and gas business Hammerhead Energy.
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Spanish independent power producer Ecoener has signed power purchase agreements with the government of Ecuador, marking the firm’s entry into the Ecuadorian market.
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Battery storage IPP On.Energy has inked $40 million in construction and debt facilities with Live Oak Bank for its 80MW ERCOT portfolio.
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Energy storage business Convergent Energy and Power has appointed Donald Jenkins as its new chief operating officer (COO).
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The energy finance team at First Citizens Bank and Jupiter Power have closed $65.2 million in financing for the energy storage developer's 200MW/400MWh battery energy storage system in Houston, Texas.
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Cadiz has received the final regulatory nod from the US Bureau of Land Management (BLM) to complete its acquisition of the 220-mile pipeline from El Paso Natural Gas (EPNG).
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Electricity distributor and hydro developer Luz del Sur has agreed to acquire a pair of operational wind projects in Peru.
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Spain’s Grenergy and Germany’s Energy Kitchen are growing their renewable capacity in Chile by adding solar and wind projects to their respective pipelines.
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Ardian has acquired full ownership of the Peruvian subsidiary of Latin America Power from funds managed by BTG Pactual, Patria Investments and GMR Holding.
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Southern Company subsidiary Georgia Power Company (GPC) will sell multiple specified transmission lines to Georgia Transmission Corporation (GTC), PFR has learned.
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Brazilian utility Copel and Petrobras have agreed to sell the Araucária gas-fired power plant they co-owned in Brazil.
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US-based utility and renewable energy developer Allete is contemplating the sale of its business, and has enlisted JP Morgan Chase for the potential sale process.
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Greenbacker has closed a $92 million financing agreement with BMO Financial Group to construct its largest standalone BESS project — 120MWh Holtville BESS — and various community solar developments.
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Renewables and utility project developer Invenergy has opened a regional office in Montreal, becoming the company’s Quebec-based hub for Eastern Canada.
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The state of Louisiana has approved its first-ever offshore wind farm agreements for projects in state waters, inking contracts with Vestas and Mitsubishi subsidiaries.
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Unit Corporation has completed its previously announced sale of certain non-core oil and gas assets sited in the Texas Panhandle for net cash proceeds of $50 million at closing.
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Grant County, Washington’s Public Utility District No. 2 (Grant PUD) has begun an all-source request for proposals (RFP) to fulfill its supply need of 300MW of firm capacity and energy.
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French renewable developer Voltalia has agreed to sell a wind site in its Serra Branca complex in Brazil to Japanese conglomerate TODA.
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YPF Luz has signed a power purchase agreement (PPA) to supply renewable energy from its latest wind project in Argentina.
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US technology giant META has entered into a 20-year power purchase agreement (PPA) with Ørsted’s 300MW Eleven Mile Solar Center in Pinal County, Arizona.
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The US Air Force Research Laboratory’s Space Vehicle Directorate has selected Westinghouse to power its advanced space research program.
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Utility Hawaii Electric Company is negotiating final terms with various developers to add 15 renewable generation projects to its grid, which will aid the state’s retirement of 6 fossil fuel-powered generators.
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Shell subsidiaries Shell Wind Energy and Savion Equity will sell partial ownership stakes in two US-based renewable energy projects to international infrastructure investment manager InfraRed Capital Partners (InfraRed).
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The Bureau of Ocean Energy Management (BOEM) has proposed a Central Atlantic offshore wind lease sale for over 277,000 acres in the waters off of Delaware, Maryland, and Virginia. The sale is expected to take place in 2024.
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Canadian province Newfoundland and Labrador (NL) has signed a memorandum of understanding (MoU) with the federal government to become a lead regulator on offshore wind projects in 16 inland bays in the province.
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Battery storage developer Key Capture Energy (KCE) has hired former EDP Renewables executive Brian Hayes the company’s chief executive, effective January 8, 2024.
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Renewable and utility developer Invenergy has acquired the Atlantic Power Transmission (APT) project from Blackstone, relaunching the New Jersey transmission initiative as Jersey Link, to support New Jersey’s offshore wind goals.
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Washinton state-based utility Puget Sound Energy (PSE) will construct a 248MW wind farm in Stillwater County, Montana. The project is expected to become operational in 2025.
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Ørsted’s 132MW South Fork project has become the first offshore wind farm to plug into New York’s power grid, and Vineyard Wind completed its first five wind turbines as the projects go head-to-head to become the first full utility-scale offshore wind farm in the US.
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Small modular nuclear reactor and fuel business X-Energy Reactor Company (X-energy) has completed a $80 million Series C financing round.
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EV charger manufacturing company DG Matrix has finalized a multi-year partnership with sodium-ion battery producer Natron Energy to accelerate the deployment of charging infrastructure.
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Swiss asset manager SUSI Partners is expanding its partnership with developer SMT energy by doubling its Texas battery energy storage (BESS) portfolio to 200MW from 100MW, adding 10 new projects.
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BW Solar has sold two battery energy storage (BESS) projects with a combined capacity of 525MW to renewable energy storage company Spearmint Energy.
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Norwegian energy company Statkraft is planning to develop a hybrid solar and wind project, adding 440MW to its renewable pipeline in Chile.
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Independent power producer Nightpeak Energy (Nightpeak) has closed on its acquisition of NRG subsidiary Saguaro Power Company (Saguaro).
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London-based electricity generation company ContourGlobal has agreed to offload a portfolio of wind farms in Brazil.
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Energy and storage provider FirstLight has signed a 5-year power purchase agreement (PPA) with the Massachusetts Municipal Wholesale Electric Company (MMWEC) to provide 14 state municipal utilities with 69GWh of hydropower.
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US-based lithium-ion battery developer and energy storage systems manufacturer KORE Power (KORE), has named industry veteran Michael Canada as its chief operating officer.
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Kinetik Holdings will offer $500 million in sustainability-linked senior notes due 2028.
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Renewables developer energyRe has raised a $1.2 billion capital package to develop and construct its 10.5GW solar, wind, and storage portfolio, as well as 500 miles of transmission.
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Utility-scale energy storage developer Malta has closed a funding round with investors from Siemens Energy Ventures and Alfa Laval, as well as existing shareholders, to grow its long-duration solar production and development.
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The former chief executive of FirstLight Power, Alicia Barton, will join Vineyard Offshore as chief executive on January 1, 2024.
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Although an issue facing the whole energy sector, transmission and grid connectivity for the offshore wind industry has reached a whole new level of complexity.
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Ares Management has acquired organic waste management and biogas company Burnham RNG (Burnham) from Edge Natural Resources.
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Chile’s Inversiones Latin America Power (ILAP) filed for Chapter 11 in the Southern District of New York on November 30 2023 in a voluntary restructuring process.
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Chesapeake Utilities has completed its acquisition of Florida City Gas, which will henceforth act as a wholly-owned subsidiary of the company.
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The Bureau of Land Management (BLM) is set to conduct three oil and gas development lease sales in the states of Wyoming, Mississippi, Nevada, Oklahoma and New Mexico.
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AES Andes has secured environmental approval to move forward with its project to repurpose a coal-fired facility for energy storage in Chile.
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Boston-based Álvaro Ortega has joined innovative floating offshore wind (FLOW) company Gazelle Wind Power as chief financial officer.
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German-based energy giant RWE will continue its €55 billion ($60.2 billion) Growing Green initiative – investing in renewable energy, batteries, flexible generation and hydrogen – with an estimated €20 billion ($21.9 billion) to be allocated to future US investments by 2030.
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Ameresco is to build a 50MW/200MWh battery energy storage system (BESS) for CAISO utility Silicon Valley Power (SVP) in Santa Clara, California.
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Offshore wind developer Attentive Energy is preparing two investments to help grow the industry's supply chain and support ocean-based technology startups in New Jersey.
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The New York Independent System Operator (NYISO) has halted the May 2025 retirement of four peaker plants to keep New York City’s grid reliable.
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The Bureau of Ocean Energy Management (BOEM) has approved the 816GW Empire Wind 1 offshore wind project, owned by Equinor and BP. Empire Wind marks the sixth offshore wind project approved by the Biden-Harris administration in its goal to reach 30GW of offshore generation by 2030.
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Capital Power has acquired two contracted combined-cycle US gas generation facilities from Beal Financial Corporation subsidiary CSG Investments.
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Copenhagen Infrastructure Partners (CIP) has launched a platform for the development and realization of renewable projects in Canada, Horizon New Energy, as part of the firm's expansion into the Canadian market.
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Spanish developer Grenergy is planning to invest €2.6 billion ($2.8 billion) until 2026 into renewables, particularly storage, across Latin America, the US and Europe.
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Eversource and Ørsted's jointly owned Revolution Wind, a 704MW offshore wind project located off Rhode Island, has received final Bureau of Ocean Management (BOEM) approval for its construction and operations plan.
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International construction, mining and industrial heavy equipment manufacturer Komatsu has agreed to acquire US-based lithium-ion battery developer American Battery Solutions (ABS).
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Independent power producer NRG’s president and chief executive officer Mauricio Gutierrez has departed the company and resigned from its board, leaving Lawrence Coben in the role for the interim.
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Canada-based green hydrogen developer EverWind Fuels has secured a C$125 million (USD $ 91.2 million) debt facility from Export Development Canada (EDC) to put toward its Tupper Point, Nova Scotia-based green hydrogen and ammonia project.
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Among the many hurdles the offshore wind sector is facing, the lack of guidelines for tax credits guidelines remains one of the most convoluted.
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GE Vernova and Michigan-based energy storage company Our Next Energy (ONE) have signed an agreement to collaborate on US-based solar and storage projects.
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Spanish developer Grenergy has signed the company’s first 'non-solar-hours' power purchase agreement (PPA) to supply the Chilean company EMOAC.
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New York will release requests for proposals (RFPs) for offshore wind and onshore renewable energy projects on November 30, 2023.
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Leeward Renewable Energy (LRE) has closed on $580 million of tax equity commitments and debt facilities for its White Wing Ranch Solar and GSG Wind projects located in Yuma County, Arizona, and LaSalle County, Illinois, respectively.
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Gridmatic has reached the second closing of its first energy storage fund, increasing committed capital to a total of $50 million.
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The Department of Energy (DOE) has ringfenced $3.5 billion from the Bipartisan Infrastructure Law to boost domestic production of advanced batteries and battery materials.
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Community solar and battery project developer PureSky Energy has closed a 3-year $150 million revolving credit facility with Nomura to fund its interconnection projects and grow its acquisition pipeline.
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Canadian independent power producer Innergex Renewable Energy has closed a $185 million financing deal for three unlevered hydro assets in Quebec and British Columbia, totaling 107MW.
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Oceanic Wind Energy has renegotiated its agreements with green power developer Northland Power, taking back its 400MW Hecate Strait offshore wind project in British Columbia.
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Chilean utility Colbún is partnering with UK cleantech firm RheEnergise to develop an energy storage facility.
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Ørsted's chief financial officer and chief operating officer have left after the company announced $5 billion in impairments, canceling its 2.3GW Ocean Wind 1 and 2 offshore wind farms off New Jersey, and pulling out of a consortium due to bid on offshore wind projects in Norway.
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Online retail giant Amazon is expanding the company’s renewable energy portfolio with the company's first wind project in South America.
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Energyquil has signed a concession agreement for the installation, operation and maintenance of a gas-fired power plant in Ecuador.
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Siemens Gamesa Renewable Energy has pulled out of its $200 million Portsmouth, Virginia, offshore wind blade manufacturing facility, citing turbulence in the industry.
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French energy company TotalEnergies is to buy three gas-fired power plants in Texas from TexGen for $635 million.
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Austin, Texas-based developer Cielo Wind has landed approval for a wind project the company is working on in Chile.
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Renewables developer Genneia is issuing a $15 million green bond, with a capacity to grow to $30 million, for a pair of solar and wind projects in Argentina.
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Argentina’s Secretariat of Energy is seeking expressions of interest to develop energy storage system projects in the country.
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French energy company Engie is issuing R$2.5 billion ($507 million) in debentures to refinance assets in Brazil.
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The Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporations (NuScale) have terminated their Carbon Free Power Project (CFPP) located at the Idaho National Laboratory.
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Chesapeake Utilities is looking to raise $330 million through a common stock offering to help fund its Florida City Gas acquisition, expected to close in the fourth quarter of 2023.
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Sunnova Energy International is expanding its virtual power plant (VPP) platform to Puerto Rico, as well as installing more rooftop solar and batteries, after receiving funding from the Department of Energy (DOE)'s DOE Grid Deployment Office.
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Electricity utility Eletrobras and Brazilian development bank BNDES have agreed on a restructuring of the debts of hydro firm Santo Antônio Energia (SAESA) – an indirect subsidiary of Eletrobras.
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NextEra Energy Partners is selling its Texas natural gas pipeline, STX Midstream, to Kinder Morgan for $1.8 billion.
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New Fortress Energy has secured financing for its 630MW Barcarena power plant in Brazil.
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Eversource Energy is looking to sell its 50% stake in its offshore wind joint venture with Danish energy giant Ørsted, which includes three projects totaling 1.7GW.
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Uranium mining company Cameco Corporation and Brookfield Renewable Energy have closed on the joint acquisition of nuclear services business Westinghouse Electric Company on November 8, 2023.
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Durham, North Carolina-based Strata Clean Energy has closed a $300 million revolving loan and letter of credit facility to develop its 17GW pipeline of solar and storage projects.
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Nuclear power plant operator Constellation has completed the $1.75 billion acquisition of its 44% ownership stake in NRG Energy’s South Texas Project Electric Generating Station (STP).
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The seas have been rough for the offshore wind sector, and projects are repeatedly being hit by rising interest rates, supply chain disruptions, local unrest, and political opposition. Financing issues and heavy losses in the past quarter have unraveled the traditional project process. The key economic burden on these projects is, by far, the power purchase agreement (PPA) gap.
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Brazilian power generator Eneva has received financing for one of its Parnaíba gas-fired power plants located in the state of Maranhão.
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Canadian power company TransAlta will acquire Heartland Generation and Alberta Power (collectively, Heartland) from an affiliate of Heartland’s parent company, Energy Capital Partners.
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Energy giant BP has declared impairments of $540 million related to its New York offshore wind projects, Empire Wind 1 and 2 and Beacon Wind. BP owns the projects off the New York and Massachusetts coasts in a 50:50 joint venture with Equinor.
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The Bureau of Ocean Energy Management (BOEM) has finalized four Wind Energy Areas (WEAs) with the potential to supply 3GW of energy for another Gulf of Mexico lease sale.
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Despite earlier announcements of large impairments and project cancellations for offshore wind, joint-venture partners Ørsted and Eversource have taken the final investment decision (FID) in their 704MW Revolution Wind, commencing the construction of the utility-scale offshore wind farm.
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The world's largest offshore wind developer, Ørsted, has stopped development of its 2.3GW Ocean Wind 1 and 2 offshore wind farms off New Jersey after announcing impairments of over $5.5 billion.
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US maritime and logistics company Crowley has hired a former GE Offshore Wind executive as vice president of business development for its Wind Services group.
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France's Engie has signed an agreement that will see the energy company acquire four wind projects in Peru.
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The Bureau of Ocean Energy Management (BOEM) has approved Dominion Energy's 2.6GW Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind project in the US. Construction will begin in Spring 2024 and is expected to take around 3 years, bringing CVOW online in late 2026.
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X-Energy Reactor Company (X-energy) has reached the joint decision with publicly-traded special purpose acquisition company Ares Acquisition Corporation (Ares) to drop their previously announced acquisition, effective October 31, 2023.
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Blackstone portfolio company Aypa Power has finalized a $350 million financing facility and $200 million tax equity financing for its Borden and Cald Projects, a 150MW/300MWh battery energy storage facility (BESS) in Texas and a 100Mw/400MWh BESS in California, respectively.
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Fortune 500 power firm Entergy is to sell its gas distribution business to private infrastructure equity management company Bernhard Capital Partners.
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Canadian Solar’s battery storage unit, e-Storage has been awarded a supply and integration (S&I) contract for 1GWhdc of energy storage solutions with Arizona-based companies DEPCOM Power and Tuscon Electric Power (TEP).
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Competitive Power Ventures (CPV) has brought online its 1.25GW natural gas fired Three Rivers Energy Center in Grundy, Illinois.
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After New York state rejected a request from offshore wind developers to raise prices, Norwegian energy giant Equinor has recorded a $300 million impairment on its US offshore wind projects.
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The New Mexico Public Regulation Commission (PRC) has approved Xcel's early closure of its 1.067GW coal-fired Tolk Generating Station in 2028.
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Battery storage system manufacturer CMBlu Energy has secured $106.7 million in financing from STRABAG, the Austrian construction and infrastructure technology group.
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Duke Energy has closed the sale of its unregulated utility-scale commercial renewables business to energy giant Brookfield Renewable, rebranding the sold company as Deriva Energy.
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Renewables company and Iberdrola Group member Avangrid and green energy investment firm Copenhagen Infrastructure Partners (CIP) have closed a $1.2bn first-of-its-kind tax equity package for their jointly owned Vineyard Wind 1 offshore wind project.
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New York Governor Kathy Hochul has revealed a new renewable investment plan for the state, announcing conditional offtake agreements to three offshore wind projects and 22 onshore projects.
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The energy finance group at First Citizens Bank has closed a $60 million financing for Gore Street Energy Storage Fund, a UK-based fund investing in utility and scaled projects, a 200MW/400MWh battery storage project in Imperial County, California. The project, Big Rock, is Gore Energy's first development in California.
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Rise Light & Power and Corio have purchased stakes in TotalEnergies's 3GW Attentive Energy offshore wind farm, paying a total of $420 million.
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New York Governor Kathy Hochul has vetoed an Equinor and BP-endorsed bill to build underground transmission lines from its offshore wind projects into the city of Long Beach. Hochul's rejection of the Planned Offshore Wind Transmission Act strikes another blow to the industry a week after the state government shot down a financial relief bill for offshore wind developers.
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Vineyard Wind, owned by Avangrid and CIP, has installed the first turbine of its Vineyard 1 project, a landmark milestone for the 800MW project, which will be the first utility-scale offshore wind farm in the US. Once complete, Vineyard Wind will power nearly half a million Massachusetts homes.
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Spearmint Energy has reached financial close on a $92 million tax equity investment for its 150MW battery energy storage system (BESS), Revolution, from climate-focused investment firm Greenprint Capital Management.
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Oil and gas company Petroquímica Comodoro Rivadavia (PCR) has brought online a trio of wind farms in Argentina.
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Australia’s Fortescue has secured rights to develop a wind farm in the Rio Negro province of Argentina.
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Plus Power has completed a $1.8 billion financing for its standalone battery storage pipeline to help stabilize the grid alongside new wind and solar projects. Using data-driven metrics, the BESS developer is investing the funds into five battery projects near metropolitan areas in the Southwest.
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New York State Public Service Commission (PSC) has unanimously rejected a request from a group of offshore wind developers to provide financial relief for four projects on the New York coast and 86 onshore projects. The relief would have come from increasing prices for customers, totaling $12 billion.
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Rhode Island Energy has issued a request for proposal (RFP) for an additional 1.2GW of offshore wind power.
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Urban battery storage developer NineDot Energy has inked an energy credit subscription agreement with coffee giant Starbucks.
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California Governor Gavin Newsom has approved AB1172 on fusion energy policy as one of the 900 bills that came across his desk this week, all of which require signature or veto by Saturday.
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Enel Americas is looking to sell its Peruvian power generation businesses, Enel Generación Perú, Enel Generación Piura and Compañía Energética Veracruz.
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Investment firm Northleaf Capital Partners has acquired a controlling stake in EVPassport, an electric vehicle (EV) charging platform.
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Origis Energy has started construction on the first of three projects in Mississippi with a total capacity of 550MW plus 150MW of battery storage.
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Battery storage developer Spearmint Energy has hired Yelena Kuznetsova as the director of sustainability and ESG.
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Companhia Energética de Minas Gerais (Cemig) has concluded the sale of its shares in a hydroelectric power plant in Brazil.
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Braya Renewable Fuels has named former Delek executive, Todd O'Malley, as chief executive.
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France’s Engie and Spain’s Opdenergy are planning to develop wind and solar projects in Chile.
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Leeward Renewable Energy (LRE) has begun the construction of two projects, GSG Wind and White Wing Ranch Solar, as well as reaching commercial operations for Big Plain Solar.
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National Renewable Solutions (NRS) has hired Bill Whitlock to take over as chief executive as Patrick Pelstring begins retirement.
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Battery energy storage systems (BESS) M&A activity in the US continues to steadily increase as nationwide transmission upgrades and interconnectivity queues grow – with deals for the relatively new technology now in the billions of dollars.
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North Carolina, the Commonwealth of Virginia, Maryland and Delaware have started a workforce to further offshore wind development.
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Independent power producer Silicon Ranch and its partners – a community-focused renewable energy company and Sulphur Springs Valley Electric Cooperative (SSVEC) – have brought online the McNeal solar-plus-storage project.
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LG Energy Solution, an EV battery manufacturer, and Toyota North America have signed a long-term battery supply agreement. LG Energy will supply Toyota with 20GWh of NCMA batteries per year for Toyota to power its battery electric vehicles (BEVs).
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French utility EDF Renewables is planning a 144MW wind project in the region of Bío Bío in Chile.
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Dominion Energy is set to add 772MW of solar generation in Virginia through six Dominion-owned or acquired solar farms and 13 power purchase agreements (PPAs) with independently owned projects.
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AES Brasil has started commercial operations of its Tucano wind farm located in the state of Bahia.
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SolaREIT, a battery storage and solar real estate investment fund, has hired Nicole Wolf as senior vice president of business development. The hire supports the company's expansion of its battery storage real estate financing projects.
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Xcel Energy has continued to make changes at the top, naming a new group president of utilities and chief customer officer.
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Massachusetts, Connecticut, and Rhode Island have entered into an offshore wind partnership to solicit larger wind farms with the goal of curbing prices. The states had previously scheduled individual solicitations for January 2024 but will now run a 6GW offshore wind energy tender together.
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Brazilian renewables developer Omega Energia has signed a bidding share exchange agreement with EDF Renewables to swap stakes in renewable assets they co-own.
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Iberdrola-subsidiary Avangrid has terminated its 20-year power purchase agreements (PPA) with Connecticut utilities, Eversource Energy, and United Illuminating, for its proposed 804MW Park City Wind offshore generation project.
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Natural gas and wastewater company Essential Utilities has closed on the sale of its entire West Virginia natural gas utility portfolio to Hope Gas.
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The Asian Infrastructure Investment Bank (AIIB) has agreed to finance a wind project in the province of Tierra del Fuego, Argentina.
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Greenprint Capital Management and AB CarVal have finalized their joint venture (JV) to grow Greenprint's tax equity pipeline and renewable energy tax credit warehouse using funds managed by AB CarVal.
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Texas-based Vistra Corp is issuing both secured and unsecured senior notes to fund part of the $3 billion cash component of the company’s pending Energy Harbor acquisition.
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Nuclear power provider Xcel Energy has named Chris Church as its new chief nuclear officer.
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Peninsula Clean Energy has signed a 15-year agreement with the SunZia Wind farm, Pattern Energy’s largest renewable energy procurement project contract to date.
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Iberdrola-owned Avangrid has reached a transfer tax credit agreement for over $100 million of 2023 production tax credits (PTCs) with oil and power multinational Vitol, one of the first transferable credit agreements created by the Inflation Reduction Act.
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Engie Energía Chile has received the greenlight to proceed with a $645 million wind and storage project in Chile.
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AES Corporation has agreed to sell minority stakes in its Dominican and Panamanian businesses, adding a new partner in the company’s shareholders.
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Ørsted has begun operations on its 13th US wind farm, Sunflower Wind, which is a 200MW wind project located in Marion County, Kansas. The Danish energy giant now operates 832MW of wind energy in the Southwest Power Pool.
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Energy and infrastructure investment giant NextEra has agreed to sell Florida City Gas (FCG) to oil and gas company Chesapeake Utilities.
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Cubico Sustainable Investments has acquired a trio of operational renewable projects totaling 121MW in Uruguay.
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Renewables developer Casa dos Ventos has received financing for a pair of wind farms the company operates in Brazil.
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EDP, through its subsidiary EDP Brasil, has signed a sale and purchase agreement to sell a coal-fired power plant in Brazil.
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Renewable energy developers shined a light on the untapped potential of the Western Electricity Coordinating Council (WECC) market during REFF Wall Street 2023, with one speaker calling it a “forgotten market”.
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Equinor has hired former operations and maintenance executive at Vestas Wind Systems, Samuel Byrne.
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Inverter and energy storage supplier Sungrow has signed a contract with investment fund WEG-4 to supply a liquid cooled energy storage system (ESS) solution.
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Texan municipally-owned electric and natural gas utility CPS Energy has launched a request for proposal (RFP) seeking up to 500MW of energy storage systems.
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X-Energy Reactor Company and the US Department of Defense (DoD) have expanded their agreement to develop a nuclear microreactor prototype for use in remote military locations.
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Gibson Energy has entered a 15-year power purchase agreement with Capstone Infrastructure and Sawridge First Nations to take power from the Buffalo Atlee 2 and 4 wind farms.
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The exhaustive push to deploy the 468MW Cape Wind project off the coast of Massachusetts came to a halt in early January 2015. Power purchase agreements (PPAs) fell through; banks fell away (PFR, 1/7/15). The $1.95 billion deal, the first offshore wind farm to be fully permitted by the BOEM, died after 14 years.
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South Korean trading company Samsung C&T has signed a deal to sell 15 solar PV and energy storage systems (ESS) to North American developer Sunraycer.
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ComEd has entered an offtake agreement to purchase carbon-free nuclear energy from power producer Constellation.
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Petrobras is planning to develop 23GW of offshore wind projects along the Brazilian coastline.
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Brazilian utility Companhia Energética de Minas Gerais (Cemig) is parting with a portfolio of small hydro assets, offloading them to Mang Participações e Agropecuária.
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Battery cell manufacturer KORE Power has inked a multi-year supply agreement with energy storage and power conversion company Nidec North America.
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Enel North America has brought five battery energy storage systems (BESS) totaling 369MW / 555MWh online in Texas. The utility-scale BESS projects have been connected to the ERCOT power grid and will increase stability during the hot summer months.
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UK-based energy producer Sonnedix is planning a wind project in the region of Coquimbo, Chile.
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Ocean Winds has signed a memorandum of understanding (MoU) with transportation and energy conglomerate Prumo Logística to collaborate on offshore wind generation in Brazil.
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Foss & Company has launched a standalone battery storage investment division, which highlights the company's increasing focus on battery energy storage systems (BESS) projects.
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X-Energy Reactor Company and Ares Management have updated the terms of the nuclear development company’s buyout with the business now valued at $1.05 billion, down from $1.8 billion.
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Clean power producer, developer, and energy storage company FirstLight Power has finalized its agreement to acquire Hydroméga Services, including ownership interest in five hydropower generating stations in Québec and five in northeastern Ontario.
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Tara Young, former deputy general counsel at Plus Power, has joined Spearmint Energy as its general counsel, effective immediately.
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Trinity Gas Storage has closed $189 million in equity funding from private equity firm Transition Equity Partners and debt financing led by Investec as the joint lead arranger for its natural gas storage facility in Anderson County, Texas. The other investors include Pan Capital Management, Arbdn, SailingStone Capital Partners, and Rice Investment Group.
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Brazilian utility Eletrobras is offloading the company’s last coal-fired asset it operates in the country.
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Ørsted has completed its $625 million all-cash purchase of Eversource Energy's share in 175,000 acres of an offshore lease area that covers three ongoing offshore wind projects, becoming the sole owner of the land.
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IKEA’s financial arm, Ingka Investments, has joined Apex Clean Energy in developing Cameron Storage, the company’s first-ever battery storage project.
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Solar real estate investment fund SolaREIT has closed a $100 million investment with AB CarVal to grow SolaREIT's solar land, lease, and loan financing solutions. The investment can increase to $250 million in additional capital.
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Enbridge has agreed to acquire three Dominion Energy assets for $14 billion in a merger creating North America’s largest natural gas utility platform by volume.
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MUFG has refinanced its $500 million credit facilities for a natural gas-fired plant portfolio, Invenergy Thermal Operating I, owned by Invenergy and InfraBridge. The portfolio includes four operational plants, totaling 2.29GW, which are located in the US and Canada.
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EDF Renewables has started construction on the company’s third wind farm in the state of Bahia.
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Brazilian utility Copel is in the process of selling the company’s stake in the Araucária power plant located in the state of Paraná.
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Renewable energy company RWE Clean Energy has commenced construction on its 200MW Montgomery Ranch Wind Farm in Foard County, Texas.
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The offshore wind troubles continue as Danish firm Ørsted has delayed its first US offshore wind project, Ocean Wind I, until 2026. Additionally, oil giants Equinor and BP are seeking to increase the power price of all three of the US wind farms in their partnership by over 50%.
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AES Brasil has signed a power purchase agreement (PPA) to supply Microsoft. Under the 15-year agreement, the energy company will supply renewable output from the Cajuína wind complex to the tech company starting July 2024.
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The Department of Energy (DOE)'s Loan Programs Office has given a $398.6 million conditional loan to Eos Energy Enterprises, a battery storage manufacturer. The funding will support Eos Energy's Turtle Creek, Pennsylvania, grid-scale BESS manufacturing facility, which is expected to produce over 8GWh of storage capacity per year.
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SouthCoast Wind, formerly known as Mayflower Winds, has terminated its power purchase agreements (PPAs) with Massachusetts utilities Eversource, Unitil, and National Grid for its offshore wind farm off the coast of Massachusetts.
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Oklo is set to provide nuclear power to a US Air Force Base after signing a Notice of Intent (NOI) with the Defense Logistics Agency Energy.
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EDF Renewables has started commercial operations of Phase 1 of its Serra do Seridó wind farm in Brazil.
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The Bureau of Ocean Energy Management (BOEM) closed its first-ever offshore wind energy auction in the Gulf of Mexico with only one lease awarded: RWE Offshore US Gulf won with a bid of $5.6 million for a 1.24GW project.
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Norway’s Statkraft Energías Renováveis has agreed to purchase a duo of operational wind farms totaling 260MW in Brazil.
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Oklo and Centrus Energy have entered a memorandum of understanding (MoU) for the development and operation of Oklo’s Aurora fission powerhouses and a nuclear fuel production site for high-assay, low-enriched uranium (HALEU).
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Apex Clean Energy has signed its first power purchase agreement (PPA) with Google for the full 189 MW capacity of the Timbermill Wind project to be sited in North Carolina.
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The Bureau of Ocean Energy Management (BOEM) has approved the fourth US commercial-scale, offshore wind project, Revolution Wind, a 704MW offshore wind farm located southeast of Point Judith, Rhode Island.
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Enel Green Power has started commercial operations on a utility-scale wind project in Chile.
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The Massachusetts Department of Public Utilities (DPU) approved the Eversource PPA termination for Avangrid Renewable's Commonwealth Wind project and revealed the final rules for the state's offshore wind procurement.
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AES Andes is planning to retire another unit of the Ventanas coal-fired power plant in Chile two years ahead of schedule.
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French multinational utility company Engie has agreed to acquire the entire battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I and co-investors Yorktown Partners, Mercuria Energy and Apollo Infrastructure Funds.
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Morgan Stanley Investment Management (MSIM), through Morgan Stanley Infrastructure Partners (MSIP), has entered a joint venture with US maritime and logistics company Crowley to repurpose US port facilities with offshore wind developers.
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Bess Power Corporation has secured $15 million in project debt financing from Leyline Renewable Capital to funds its 2.4GW utility-scale stand-alone storage pipeline.
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Swedish battery manufacturer Northvolt has raised a $1.2 billion convertible note to finance its expansions plans in Europe and North America.
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Celsia has agreed to acquire a wind project in Peru, marking the company’s entry in the Peruvian renewable market.
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Rondo Energy has raised $60 million in financing to grow its international operations by developing and building storage projects globally to decarbonize the industrial sector.
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Greenbacker Renewable Energy Company (Greenbacker) has closed on a warehouse financing facility in an initial aggregate principal amount of $75 million to support the construction and operation of its renewable power generation and energy storage portfolios.
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The Public Service Company of New Mexico (PNM) has reached an agreement with local legal authorities on the retirement of the San Juan coal plant under the Energy Transition Act.
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Duke Energy subsidiaries Duke Energy Carolinas and Duke Energy Progress have filed an Integrated Resources Plan (IRP) with the Public Service Commission of South Carolina (PSCSC) for future project development.
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Pampa Energía has completed swapping one of the company’s wind farms for stakes in an oil and gas concession.
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Recurrent Energy, a subsidiary of Canadian Solar, has secured a 20-year tolling agreement with utility Arizona Public Service Company (APS) for a 1.2GWh storage project.
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American Electric Power (AEP) has completed the sale of its 1,365MW unregulated and contracted renewables business to IRG Acquisition Holdings, a consortium owned by Invenergy, CDPQ, and funds managed by Blackstone Infrastructure.
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Renewables platform Origis Energy has closed a $750 million construction warehouse facility to fund 2GW of large scale solar, storage, and solar-plus-storage project construction over the next three years.
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International battery developer Powin Energy has hired Jeff Waters, former chief executive of Maxeon Solar Technologies, as CEO, replacing Geoffrey Brown.
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On-site industrial energy developer One Energy and SPAC, Tortoise Acquisition Corp. III (TRTL), have entered into a merger agreement to become the publicly listed company One Power Co. The new firm has an enterprise value of $300 million, with common stock valued at $10 per share.
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Clean energy platform Peregrine Energy Solutions has signed an agreement with environment-focused investment firm Greenprint Capital to sell multi-year production tax credits (PTC) from the Old Gold Energy Center.
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ArcLight Capital Partners has purchased Sojitz's indirect ownership of Kleen Energy Systems, owner of a 620MW natural gas plant in Middletown, Connecticut. ArcLight now has 100% of Sojitz's preferred equity and minority common equity interest of the natural gas facility.
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Brazilian utility Companhia Energética de Minas Gerais (Cemig) has found a winning bid for hydroelectric assets the company is auctioning.
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Engie Energía Chile has submitted the Loma Verde wind project for environmental review in Chile for a second time.
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GE Vernova’s Grid Solutions will install a connection bay at the Santa Luzia substation as part of its contract with Brazilian renewable energy company Casa dos Ventos.
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SUSI Partners, through its SUSI Energy Transition Fund with its joint venture partner SMT Energy, has signed a tax equity financing agreement with Greenprint Capital for a co-owned 100MW battery energy storage portfolio sited in Texas.
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AI-enabled power marketer Gridmatic has launched its first energy storage fund to oversee the management of up to 500MW of battery capacity in the ERCOT and CAISO markets.
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AES Andes has reached commercial operation of Andes Solar IIb, the largest solar battery storage project in Latin America.
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Three joint ventures (JV) for New Jersey's third offshore wind solicitations have been identified.
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NuScale Power Corporation, a small, modular nuclear reactor technology provider, as hired Robert Ramsey Hamady as chief financial officer and promoted Clayton Scott as chief commercial officer in a wave of leadership changes. The new hires will advance the manufacturing and development phase of its VOYGR small, modular reactor power plants.
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Mexico’s Comisión Federal de Electricidad (CFE) landed a $333.6 million financing for seven hydroelectric plants.
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The environmental protection agency of Rio Grande do Sul in Brazil, FEPAM, has issued a preliminary license for a 643.5MW wind project.
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Flux Power, an energy storage developer, has secured a $15 million credit facility from Gibraltar Business Capital (GBC) to fund working capital needs and refinance an existing facility with Silicon Valley Bank (SVB).
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The Department of Energy has granted $453.5 million to finance solar generation and battery storage in Puerto Rico.
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Texas-based Vistra has completed its 350MW/1.4GW Phase III of the Moss Landing Energy Storage facility, now totaling 750MW/3GWh, in Monterey County, California.
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Peregrine Energy Solutions, a Boulder, Colorado-based BESS developer and renewable energy platform, has signed a Memorandum of Understanding (MoU) with Six Nations of the Grand River Development Corporation (SNGRDC) to create utility-scale battery storage projects in the Canadian market.
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GridStor, Portland, Oregon-based a battery storage system developer and operator, has appointed Frank Burkhartsmeyer as the company's chief financial officer.
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The Georgia cooperative that owns the Vogtle nuclear facility has reached commercial operations for its Unit 3 – the first newly constructed nuclear unit in the US in over 30 years.
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Domestic steel producer Steel Dynamics has signed a Renewable Product Purchase Agreement (RPPA) with a NextEra Resources subsidiary for its 308MW wind farm in Scurry County, Texas.
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The Bureau of Ocean Management (BOEM) has finalized the Wind Energy Areas (WEAs) for its Central Atlantic offshore wind auction. The three areas are located off Delaware, Maryland, and Virginia, and can support approximately 4GW to 8GW of energy production once completed.
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Desjardins Group Pension Plan and DGAM Global Private Infrastructure Fund II have together acquired 37.5% ofCanadian wind farms Cypress 1 & 2 from EDF Renewables.
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Utility-scale battery storage platform Broad Reach Power has closed a $435 million credit facility to fund the construction of seven stand-alone energy storage projects in Texas and California.
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Iberdrola-owned Avangrid has completed its offshore substation for the 800MW Vineyard 1 wind project, off the coast of Massachusetts.
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The government of Ecuador will attempt to procure the Cardenillo and Santiago hydro projects by early next year.
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Clearway Energy Group has closed a $421 million financing for its 147MW/588MWh Rosamond Central BESS project in Kern County, California.
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State-owned utility Companhia Paranaense de Energia (Copel) has launched a R$4.3 billion ($912 million) share offering to privatize the company.
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Battery storage specialist Spearmint Energy has begun commissioning activities at its Revolution project, a 300MWh battery energy storage facility.
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Summit Ridge Energy has completed its first 2 of 4 energy storage systems (ESS) in New York City.
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Corre Energy B.V.'s North America subsidiary has entered an agreement to acquire a 280MW and 4.2GWh energy storage project in West Texas from Contour Energy, a Texas-based battery and storage developer.
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Energy Harbor has filed to renew an operating license for the company’s Perry nuclear power plant for another 20 years.
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Rockland Capital, a private energy investment company, has purchased a natural gas- and oil-fired energy facility in the NYISO market from GenOn Holdings, inc.
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BKV-BPP Power, a joint venture of BKV Corporation and Banpu Power US Corporation, has closed on its acquisition of the Temple II power plant, the company’s second natural gas generation asset.
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Omega Energia and EDF have signed a memorandum of understanding (MoU) to exchange interests in renewable assets they co-owned in Brazil.
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The Department of the Interior will hold an auction in August (2023) for the first-ever offshore wind energy lease in the Gulf of Mexico. The areas will have the potential to generate 3.7GW of power.
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Urban battery storage developer, NineDot Energy, has closed a $25 million revolving credit facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA).
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Rhode Island Energy has dropped its long-term power purchase agreement (PPA) with Ørsted and Eversource for the developers’ joint proposal of offshore project Revolution Wind 2.
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UK-based Atome Energy has secured power purchase agreements to supply its utility-scale green hydrogen and ammonia project in Paraguay.
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Valia Energía, an Actis-backed power generation company, has completed its acquisition of EVM Energía, adding 850MW of gas-fired assets to its Mexican portfolio.
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Innergex Renewable Energy has secured a $534 million construction loan and term financing and $49 million letter of credit facility for its 329.8MW Boswell Springs wind project in Wyoming.
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EverWind Fuels, Canada-based green hydrogen producer, has acquired three wind farm developments totaling 530MW to power green hydrogen and ammonia projects.
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Jupiter Power, an energy storage infrastructure platform, has secured $70.4 million in a construction and term loan from First Citizens Bank's energy finance group. The loans will fund two standalone battery storage projects, totaling 160MW and 320MWh, in Texas.
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Alaska Renewables, a start-up developer, is negotiating with the Alaska Mental Health Trust to develop a 235MW wind farm on trust land.
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Pattern Energy has completed construction and begun operation at its 150MW Lanfine Wind power project in Alberta, Canada.
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Xcel Energy has received approval from state regulators to construct a multi-day energy storage system at the site of a retiring coal plant.
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EVLO Energy Storage, the battery energy storage systems developer subsidiary of Hydro-Québec, has launched its first utility-scale storage project in the US.
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RWE has announced Amanda Lefton, former tenured director of the Department of Interior’s Bureau of Ocean Energy Management (BOEM), as the vice president of development, East, a position that will see Lefton in the driver’s seat of RWE’s offshore development on the east coast of the US.
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ChatGPT chief executive Sam Altman will begin building nuclear plants and selling long-term power contracts via his clean energy startup Oklo after listing next year.
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Invenergy, a Chicago-based green energy developer, has signed a 15-year PPA with Puget Sound Energy (PSE), the largest utility in Washington State.
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Ameresco has signed a partnership to install a multiple site 78.3MW, 313.34 MWh battery storage system for United Power, an electric cooperative serving Colorado’s northern Front Range.
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Spanish infrastructure firm ACS has signed a concession for the construction of the largest wind project in Ecuador.
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The Ontario government is prepping for three additional small modular reactors (SMRs), for a total of four SMRs, with Ontario Power Generation (OPG) at the Darlington nuclear site as it continues its nuclear push.
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Electric-electronic equipment manufacturer WEG has signed a pair of power purchase agreements (PPA) in Brazil.
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The New Mexico Supreme Court has ruled to uphold the New Mexico Public Regulation Commission (NMPRC) decision that denies the Public Service Company of New Mexico (PNM) sale of its minority interest in the Four Corners Power Plant.
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The Ontario government has begun pre-development work siting the first large-scale nuclear build in more than 30 years.
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New Jersey Governor Phil Murphy signed a bill that will expand federal tax credits to Ørsted, the Danish energy giant building the largest offshore wind project in the US along the coast of New Jersey.
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San Diego Gas & Electric (SDG&E) has completed two additional utility-owned energy storage facilities totaling 171MW.
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Ameresco is set to build four co-located energy storage projects, to be sited at gas power plants owned by Middle River Power (MRP), an independent power company wholly owned by Avenue Capital.
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NuScale Power Corporation, a provider of small modular reactor (SMR) nuclear technology, has named Carl Fisher as its chief operating officer starting July 24, 2023. Fisher will head the operations engineering, project management, quality assurance, information technology, and regulatory affairs functions.
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The Lund Storage Project, owned by BESS Power Corporation, has commenced a Full interconnect Study (FIS) as it gears up to connect to Electric Reliability Council of Texas Inc (ERCOT) and Lower Colorado River Authority (LCRA).
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YPF Luz has signed a power purchase agreement (PPA) to supply renewable energy to a fertilizer producer.
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American Electric Power company Southwestern Electric Power Co. (SWEPCO) has received approval from the Louisiana Public Service Commission (LPSC) to proceed with its fuel-free initiative to acquire 999MW of renewable generation resources.
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Financial details have emerged on Macquarie’s Green Investment Group (GIG) and Hydro Rein’s 456MW Feijão Wind Farm – part of a 586MW combined wind and solar project in northeastern Brazil.
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Leeward Renewable Energy (LRE) has signed a 15-year power purchase agreement with Southern California Edison for its 126MW Antelope Valley BESS facility located in Kern County, California.
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PPG has entered an agreement with NRG Energy’s brand Direct Energy that will sell renewable energy certificates (RECs) generated by the Crockett County wind facility to four of PPG paints and coatings manufacturing facilities and 62 PPG PAINTS stores in Texas.
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Recurrent Energy, a development company owned by Canadian Solar, has secured a €150 million multicurrency facility with Santander Corporate & Investment Banking.
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Pampa Energia is parting with one of the company’s wind farms in Argentina for stakes in an oil and gas concession.
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Great Bay Renewables, owned by Altius Renewable Royalties Corporation and Apollo Global Management, has invested $45 million with Hexagon Energy for future royalties related to Hexagon’s 43 project solar, solar-plus-battery storage, and standalone storage development projects – which totals 5.3GWac and spans 12 states.
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Itaú Unibanco has acquired a minority stake in a gas-fired power complex from Brazilian power generator Eneva.
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Strata Clean Energy has closed on tax equity investments to fund two standalone battery energy storage systems.
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Greenbacker Capital Management, a renewables asset manager, has purchased a to-be-constructed 30MW / 120MWh energy storage system from SunCode Energy.
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Engie Energía Chile is planning a $230 million wind project in the region of Biobío.
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Canada-based EverWind Fuels Company is supportive of Nova Scotia's recently published Offshore Wind Roadmap and the province's efforts to become a global leader in renewable energy.
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Jupiter Power has signed an energy storage tolling agreement for its 100MWh Crossett I storage asset in West Texas, which began operations in 2022.
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German utility RWE has connected its first utility-scale battery storage project (BESS) to the California grid.
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Omega Energia has signed a power purchase agreement (PPA) with the White Martins group, an industrial gas manufacturer in Brazil.
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Idemitsu Renewables, a renewable energy developer, signed a long-term power purchase agreement (PPA) with Sonoma Clean Power Authority, the not-for-profit, community-based electricity provider for Sonoma and Mendocino counties in California.
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On.Energy, the Miami-headquartered battery storage firm, has raised $20 million in equity financing in a Series B round led by Philadelphia-based investment firm Ultra Capital. New York-based private equity firm Phalanx Investment Partners also participated in the round.
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Iberdrola has signed a binding agreement to sell a large part of its portfolio in the country to the government for $6 billion.
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During Chile’s annual Cuenta Publica presidential speech held in Congress on June 1, Gabriel Boric announced that the government was working on a bill to tender 5.4GW of large-scale energy storage systems set to become operational in 2026.
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North American renewables and storage developer Nexus Renewables announced the closing of multiple financings totaling $40 million.
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Investment fund managers Fiera Infrastructure and Palisade Infrastructure have completed the acquisition of a renewable energy generation and battery storage business from Amp Energy.
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Spearmint Energy, the battery energy storage specialist founded in May 2022, has closed a $200 million credit facility with Aiga Capital Partners for the development of battery storage assets in Texas.
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KORE Power, battery storage and EV solutions company, was awarded a conditional commitment loan of $850 million by the Department of Energy's Loan Programs Office (LPO) for an advanced battery cell manufacturing facility in Buckeye, Arizona.
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Itaú Unibanco has acquired interests in the Serra do Assuruá wind complex developed by Engie Brasil Energia.
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Renewable developer Ameresco has entered a joint venture with Atura Power to develop a 250MW and 1GWh battery storage system in Ontario, Canada.
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The US International Development Finance Corporation (DFC) is interested in providing financing for Solarpack’s 200MW El Aromo solar farm in Manabí, Ecuador.
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Middle-market solar and storage investment fund CleanCapital landed a $500 million commitment from Manulife Investment Management, the firm’s largest raise to date.
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Spanish infrastructure firm ACS is expected to reach FC on a wind project in Ecuador before the end of 2023, according to a source familiar with the matter.
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Crow Holdings, a Texas-based real estate investment and development firm, is launching a renewable energy business, Crow Holdings Renewables.
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Cemig has signed a power purchase agreement to supply renewable energy to a mining company in Brazil.
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Engie Brasil Energia has closed the sale of the company’s last coal-fired power plant in Brazil, making it 100% renewable power generator in the country.
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Canadian-based power producer Codelio Power has secured construction loan financing and tax equity for its 171MW Moraine Sands wind project in Mason County, Illinois.
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Natural gas company PureWest Energy has merged with a newly formed entity sponsored by a private consortium of family offices and financial institutions (PW Consortium) in a $1.84 billion deal.
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Solar and storage company Strata Clean Energy has entered a 20-year tolling agreement with Arizona Public Service (APS).
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InfraCorp, the infrastructure investment platform of Grupo Romero, has closed the acquisition of the Puerto Bravo gas-fired plant in Peru.
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Ørsted has agreed to acquire Eversource Energy’s 50% interest in the uncontracted federal offshore wind lease, jointly owned by the 2 companies, for $625 million.
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AES Andes is retiring the company’s Norgener coal-fired power plant in Chile.
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Danish wind turbine manufacturer Vestas Wind Systems has secured a 72MW wind project supply order with an undisclosed customer in Argentina.
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Latin America Power is planning a 73MW expansion to the company’s San Juan wind project in Chile.
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Scout Clean Energy and Elawan Energy’s joint venture has finalized the sale of its 199MW Persimmon Creek wind farm in western Oklahoma to utility company Evergy for $250 million.
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AES Andes has received environmental approval to develop a massive hybrid complex in Chile after submitting the project almost three years ago.
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Sunraycer Renewables - previously Crayhill Renewables - has appointed former Constellation Energy executive David Lillefloren as chief executive.
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Northeastern energy giant Agilitas Energy has entered a strategic development partnership with full-service energy provider Oak Square Partners.
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Renewable developer Omega Energia has landed R$415.32 million ($83.6 million) for a wind complex the company is developing in Brazil.
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Pattern Energy has signed a power purchase agreement (PPA) with both Shell Energy North America and all Regents of the University of California for part of the energy generated from its SunZia Wind Project.
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Sequitur Renewables purchased an operating wind farm in the Almont Pass area of California on May 16.
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Parque Eolico Arauco (PEA) is partnering with IMPSA on a solar project in the province of La Rioja in Argentina.
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Bitech Technologies Corporation has received $300 million in financing from Nam Viet Green Energy JSC (Nam Viet Energy) for selected solar and battery energy storage system (BESS) projects.
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US nuclear fusion company Helion Energy has entered into an agreement with Microsoft to provide electricity from its first commercial fusion power plant.
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Linxon has signed an exclusivity agreement with Available Power for the 100MW / 200MWh Greenport Battery Energy Storage System (BESS) project in Austin, Texas.
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LS Power is set to acquire a 2.1GW natural gas generation portfolio from Brazos Electric Power Cooperative in ERCOT.
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Spearmint Energy, the battery energy storage specialist founded in May 2022, has added two senior hires to its growing development team.
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Private equity firm Hull Street Energy has agreed to acquire a 100% interest in 2 power plants from Mesquite Generation Holdings – an affiliate of Atlas Holdings.
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YPF Luz has signed a memorandum of understanding (MoU) with Cementos Avellaneda to jointly develop a wind project in Argentina.
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NextEra Energy Partners is looking to sell its STX Midstream and Meade natural gas pipeline assets as it focuses on its renewable energy portfolio.
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AES Brasil has entered a power purchase agreement with an undisclosed offtaker for one of the company’s wind farms.
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Copenhagen Infrastructure Partners (CIP) has sold 2 wind farms in Texas to Canadian energy infrastructure company TC Energy.
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Canadian pipeline and energy company Enbridge has agreed to acquire the Aitken Creek natural gas storage facility from FortisBC Holdings Inc for $400 million.
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Portland General Electric Company has procured 400MW/AC of battery storage projects to be delivered by Eolian.
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Despite advancements in battery storage posing a long-term risk to natural gas – as the long-term growth of renewable power erodes market share for the fossil fuel – the conventional power generation method still has a large part to play in energy transition.
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Pampa Energía is planning to issue green bonds to finance the construction of a wind project the company is developing in Argentina.
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BorgWarner is planning to invest $42 million into the expansion of its Seneca, South Carolina production facility for the advancement of its battery module and pack production in the US.
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Innergex Renewable Energy has secured a $49.5 million loan to s;upport the construction of the San Andrés battery energy storage project in Chile.
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Pan American Energy (PAE) has signed power purchase agreements for the output of the company’s first project in Brazil.
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Canada’s Algonquin Power & Utilities Corp. and American Electric Power have pulled the plug on the deal for AEP’s utility subsidiary Kentucky Power and its transmission business AEP Kentucky Transco.
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Luxembourg steel and mining firm ArcelorMittal’s Brazilian subsidiary will form a JV with Casa dos Ventos, one of Brazil’s largest renewables developers.
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Greenwood Sustainable Infrastructure (GSI), a subsidiary of Libra Group, has acquired the solar and battery development portfolios of Saturn Power.
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Renewables developer Emrgy has raised $18.4 million in Series A funding to launch a hydro turbine factory in Colorado and support the development of its hydropower projects.
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Clean power producer FirstLight Power has completed the planned integration of H2O Power, the third-largest provider of hydroelectric power in Ontario.
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Italian energy company Enel’s LatAm subsidiary has reached an agreement to sell its Peruvian businesses to China Southern Power Grid International (CSGI).
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Allete Clean Energy has closed its sale of the 91.6MW Red Barn wind project in Grant County to WEC Energy Group utility, Wisconsin Public Service (WPS), and Madison Gas and Electric Co (MGE).
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Offshore wind in Latin America is generating conversation, if not power, as its governments attempt to meet ambitious energy transition goals. According to the World Bank, the region holds 8,000GW of potential technical capacity, with Brazil, Colombia, Chile and Mexico offering some of the best resources for implementation.
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Brazilian utility Cia Energetica de Minas Gerais (Cemig) will hold an auction on 10 August 2023 to sell off 41.2MW of operational small hydro power projects.
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Paraguay’s state-owned power utility ANDE has signed an agreement with Swedish-based engineering company AFRY and Argentinian firm Latinoconsult to rehabilitate and modernize the 200MW Acaray hydropower plant.
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Iberdrola has agreed to sell more than 8.5GW of assets it operates in Mexico, in a transaction valued at around $6 billion.
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Brazilian developer Casa dos Ventos has landed a loan from BNDES to support the construction of the Umari wind complex.
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Danish wind turbine manufacturer Vestas will supply turbines to the 162MW La Eltiba wind farm in the province of Buenos Aires in Argentina, owned by local renewable energy producer Genneia.
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RWE has signed a Memorandum of Understanding (MoU) with Entergy to jointly evaluate the delivery of clean energy from offshore wind to industrial customers in Texas and Louisiana.
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Duke Energy has started commercial operation of North Carolina's largest battery system, an 11MW project in Onslow County.
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Casa dos Ventos has signed a power purchase agreement with Brazilian petrochemical company Braskem.
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Danish wind turbine manufacturer Vestas has signed an agreement with Brazilian developer Casa dos Ventos to supply wind turbines to two mega wind farms.
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The governments of Canada, Nova Scotia, and Newfoundland and Labrador have begun regional assessments for offshore wind development.
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Enel, through its business Enel Trading, has signed a power purchase agreement with gold mining company Equinox Gold in Brazil.
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Electricity Generating (EGCO), the power generation arm of the Electricity Generating Authority of Thailand, has completed the acquisition of a 49% interest in Rhode Island State Energy Centre (RISEC) in Johnston, Rhode Island.
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Engie has received the greenlight to turn on the first unit of its Santo Agostinho wind project in Brazil.
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Chinese wind turbine manufacturer Xinjiang Goldwind Science & Tech will invest R$150 million ($29m) to create a production base in Brazil’s Bahia state.
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South Korea's LG Energy said it would invest about KRW7.2 trillion ($5.5 billion) in a battery-manufacturing complex in Arizona.
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Spearmint Energy has acquired Nomadic, a 900MW portfolio of battery energy storage solutions (BESS) assets in Texas.
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Two organizations have joined forces to collaborate on advancing the development and deployment of projects in the rapidly scaling North American offshore wind industry.
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Brazil’s Eletrobras has acquired an additional 22.9% interest in the holding company of the Santo Antonio hydro plant, bringing the company's total ownership to over 95%.
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ACEN, the listed energy platform of the Ayala group, has signed a purchase and sale agreement with GlidePath to acquire a portfolio of eight operating wind projects totaling 136MW in northern Texas.
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New Fortress Energy has entered into an agreement with Weston Solution for the installation and operation of 150MW of additional power generation at the Palo Seco Power Plant in Puerto Rico and the supply of natural gas.
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YPF Luz has announced its intention to purchase all the shares in the thermal generation plant Central Dock Sud from Enel Americas.
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Public utility Hydro-Québec has selected three EDF Renewables North America wind projects for wind energy supply contracts under two calls for tenders launched in December 2021.
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Danish wind turbine manufacturer Vestas has signed two turbine supply contracts with utilities in Argentina and the US for a total capacity of 151MW.
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Battery energy storage developer GridStor has appointed Jason Burwen VP of policy and strategy.
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The Puerto Rican Public Private Partnerships Authority has issued a request for qualifications (RFQ) for the development of a LNG-to-hydrogen plant on the island.
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Norwegian oil & gas group Equinor and Brazilian state-run oil & gas firm Petrobras have announced a collaborative initiative to study the potential for over 14GW of offshore wind projects in Brazil.
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Battery energy storage systems developer Available Power has partnered with Linxon on a front-of-meter energy storage project pipeline in Texas's ERCOT market.
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Blackstone-backed energy storage and hybrid operator Aypa Power announced today that it has acquired the Yadkins standalone battery energy storage project from East Point Energy.
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Data center provider Odata has acquired a minority stake in a wind project in Brazil for an undisclosed amount.
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Grupo Ibereólica has received environmental approval to develop a massive wind project after waiting for more than two years.
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Blackstone-backed Aypa Power has agreed to a deal for Canadian Solar Inc (CSI) to provide 487MWh of energy storage products to its projects.
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AES Andes is planning to develop and build a hybrid project, the company's first in Chile.
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The Bureau of Ocean Energy Management (BOEM) has taken its next step toward its wind energy auction in the Gulf of Mexico.
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Power generation company Genneia has secured financing for three renewable projects it is developing in Argentina.
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Infrastructure investor ArcLight Capital Partners has completed the sale of Great River Hydro to Hydro-Québec for approximately $2 billion.
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Gore Street Energy Storage Fund will acquire Big Rock, a 200MW/400MWh energy storage project in Imperial County, California.
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French-based renewables producer Total Eren will construct its first project in Honduras, a 122MW wind farm.
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enCore Energy Corp has acquired the Alta Mesa in-situ recovery (ISR) uranium project from Energy Fuels for $60 million in cash and a $60 million promissory note.
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Spanish joint venture partners Repsol and Ibereolica Renovables have officially turned on their 165.3MW Atacama wind farm.
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Omega Energia has signed a power purchase agreement for one of the company’s wind projects in Brazil.
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Argentine energy company Pampa Energía is adding a new wind project to its development pipeline.
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Eolian, a subsidiary of Global Infrastructure Partners (GIP), has successfully closed a tax equity investment in two standalone battery storage projects in Mission, Texas.
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Brazil's EDP Renewables' (EDPR) 580MW wind farm complex in Rio Grande do Norte state has been inaugurated.
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YPF Energia Electrica is set to issue bonds to finance a new solar project the company is developing in Argentina.
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Genneia is issuing green bonds for up to $80 million to finance a pair of renewable projects the company is developing in Argentina.
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YPF’s power generation arm YPF Luz is set to start construction on the company’s fourth wind project in Argentina.
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Bioenergy developer Brasil BioFuels (BBF) has issued debentures to finance power plants in Northern Brazil.
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ArcLight Capital Partners has committed $150 million to a battery energy storage developer which the company founded last year.
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EDP Renováveis has concluded the sale of two operating wind farms in Brazil.
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The deadline to submit bids for New York’s third competitive offshore wind solicitation passed on 26 January, with Ørsted and BP among the bidders.
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Integrated clean energy platform Peregrine Energy Solutions will develop two mid-stage energy storage assets in the Electric Reliability Council of Texas (ERCOT) market.
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EDF and environmental services company Refocosta are partnering on the development of a biomass power plant in Colombia.
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US solar and battery storage developer Hecate Energy is looking for buyers for a 3GW standalone battery storage and solar portfolio, PFR has learned.
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Norwegian energy company Statkraft will abandon the building of a dam-toe hydroelectric plant in Chile out of respect for local indigenous communities, which consider the project site sacred ground.
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Aypa Power – a portfolio company of Blackstone – has completed the closing of a $320 million senior secured sustainability revolving credit facility.
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Celepsa has acquired the company's first gas-fired power plant in Peru.
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North American alternative investment manager Fengate Asset Management has reached financial close on the 160MW Prairie Switch Wind project near Houston.
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Longroad Energy has started work on Sun Streams 3, a 285MWdc PV and 215 MWac/860 MWh storage project located in Maricopa County, Arizona.
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Ørsted has signed an agreement to acquire Public Service Enterprise Group’s (PSEG) 25% equity stake in Ocean Wind 1, a 1.1GW offshore wind energy project.
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An evergreen renewable energy platform with a global strategy has launched with news of its first acquisition – a construction-ready wind farm in Canada – and a keystone investor.
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Spearmint Energy, the battery energy storage specialist founded in May 2022, has added Peter Rood as chief development officer to its growing team.
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Tigo Energy has signed a definitive agreement with L1 Energy to acquire $50 million of newly issued convertible notes.
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Chilean state-owned mining company Codelco has signed a contract with local electricity utility AES Andes to replace coal supply at 2 mines with renewables.
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EDP Renováveis (EDPR) has secured financing to support the construction of 2 wind farms that the company is developing in Brazil.
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Brazilian development bank BNDES has agreed to finance the development of 1.5GW of renewable energy in Brazil.
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SPIC Brasil has landed financing for 3 wind projects the energy generation company is planning in the country.
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Miami-based private equity and infrastructure investment firm MGM Innova Capital has secured financing for 3 small hydroelectric assets the company is developing in Peru.
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US-based hedge fund Hedonova has invested $16 million into a Chilean energy storage plant.
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US-based solar and energy storage developer Origis Energy has awarded a contract to Mitsubishi Power Americas for the delivery of 3 utility-scale battery energy storage system (BESS) projects totaling 150MW.
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EQT is set to acquire Madison Energy Investments (MEI) from infrastructure and real assets fund manager Stonepeak Partners.
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Engie Energía Chile has completed the acquisition of a portfolio of wind projects.
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A subsidiary of JERA Corporation has agreed with EV fleets and battery storage specialist Zenobe Americas to jointly develop battery storage projects in 2 north eastern US power markets.
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Oil and gas groups Eletrobras and Shell have signed an agreement to cooperate on offshore wind generation in Brazil.
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German wind turbine manufacturer Nordex has been contracted to equip a 94.4MW wind farm owned by construction firm TODA in Brazil's Rio Grande do Norte state.
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Brazilian developer Casa dos Ventos has inked a power purchase agreement to supply Vestas with renewable energy.
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A major regulatory milestone for Dominion Energy’s 2.6GW offshore wind project off coastal Virginia was reached on December 12 (2022) as the power giant eyes construction in 2024.
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Pampa Energía has acquired a state-owned wind project located in the province of La Rioja in Argentina.
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Brazil’s competition regulator (CADE) has approved a deal between pharmaceutical company Eurofarma Laboratórios and energy firm Omega Energia 4 related to the 211.5MW Assuruá 4 wind project.
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EDP Brazil has completed the sale of its Mascarenhas hydro power plant to a UK-based investment firm.
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NineDot Energy – a developer of community-scale clean energy projects – has closed an $85 million construction-to-term debt facility.
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The provisional winning bids for the first offshore wind auction held on the US’ west coast totaled more than $700 million on December 7.
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Electric vehicle (EV) maker Rivian Automotive has signed a PPA with Apex Clean Energy for 50MW of renewable electricity from the proposed Goose Creek Wind farm in Piatt County, Illinois.
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North Carolina's Electric Cooperatives and FlexGen Power Systems have completed the battery energy storage project located at Randolph Electric Membership Corporation's Five Points substation.
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Spearmint Energy, the battery energy storage specialist founded in May (2022), has added four more to its growing team.
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National Grid Renewables has started commercial operations at its Noble Solar and Storage Project in Denton County, Texas.
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Bleutec Industries – builder, owner and operator of offshore wind turbine installation vessels – has secured a capital commitment from private equity firm EnCap Investments.
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AES Brasil, and its subsidiary AES Operações, have completed the acquisition of a trio of wind farms totaling 460MW.
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Greenbacker Renewable Energy Company has completed the closing of a new $150 million senior secured sustainability revolving credit facility.
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Caliche Development Partners II has received $268 million in capital commitments from Orion Infrastructure Capital and GCM Grosvenor (OIC), targeting underground storage and sequestration assets in North America.
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Enel Green Power Chile has commenced construction on the 105.6MW La Cabana Wind Farm which includes a 34.3MW energy storage system using lithium batteries.
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Nova Scotia-based financial advisory firm Northgreen Capital has appointed Philip Bassil as managing director and head of global offshore wind M&A.
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Revolve Renewable Power Corp plans to advance its Vernal BESS project to the next stage of the study process in early 2023 based on analysis of the results for the first phase of a 2022 Cluster 2 study.
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CSI Energy Storage – a part of Canadian Solar’s majority-owned subsidiary CSI Solar Co – has been selected to provide up to 2.6 GWh of battery solutions for the build-out of energy storage projects managed by UBS Asset Management's Real Estate & Private Markets business in North America.
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The Brazilian state of Paraná is planning for the potential privatization of its electric utility Copel.
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Vestas has received a 178MW order to power an undisclosed wind project in the US.
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Brazilian renewable developer Casa dos Ventos has inked a power purchase agreement (PPA) with a fertilizer producer in Brazil.
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Engie Energía Chile is planning to develop a new utility-scale wind project in the Antofagasta region.
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France’s TotalEnergies has agreed to develop a wind project off the coast of the state of Rio de Janeiro in Brazil.
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Private equity behemoth Blackstone is preparing a $325 million credit facility for portfolio company Aypa Power.
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Independent power generator Onward Energy is acquiring the Broad River power generation facility in Gaffney, South Carolina.
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Brazilian power generator Eneva has received the greenlight from electric energy agency Aneel to start operations of its Parnaíba V power plant.
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Pattern Energy has received key approvals that will allow the construction of the SunZia transmission project and the SunZia wind projects next year (2023).
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The Dominican Republic’s National Energy Commission (CNE) has granted a pair of definitive concessions for energy projects on the island.
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Francis Slingsby has been appointed chief executive of Mayflower Wind – a JV between Shell New Energies US and Ocean Winds North America.
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Hull Street Energy has agreed to sell an almost 330MW portfolio of hydroelectric projects spread across the US to LS Power.
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ClearGen, a clean energy investor backed by private equity powerhouse Blackstone, has invested in a portfolio of partnership interests in 25 wind farms totaling 1.4GW of existing generation capacity throughout the US.
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Battery Energy Storage System (BESS) provider On.Energy has added 39MWh of on-site storage at 11 airports across Latin America, in collaboration with Skysense.
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Argentine developer Genneia is issuing local green bonds to finance solar and wind projects the company is developing in the country.
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Steel producer Ternium has acquired a greenfield wind project in Argentina.
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Westbridge Renewable Energy's subsidiary Georgetown Solar has been given the go-ahead for its flagship Georgetown Solar + Energy Storage Project by the Alberta Utilities Commission (AUC).
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North American alternative investment manager Fengate Asset Management has acquired the Prairie Switch Wind Project in Texas from Triple Oak Power and signed a PPA with Meta Platforms.
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Brazil's Cemig Geração e Transmissão (Cemig GT) has attracted interest from projects totaling 7GW in installed capacity for its upcoming power auction.
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Energy company Allete has agreed to sell a more than 100MW wind project in Wisconsin to a pair of publicly owned utilities.
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Swift Current Energy has secured project financing for an almost 200MW wind project the company is developing in Texas.
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Eolica Coromuel – a Eurus Energy America Corporation subsidiary – has started commercial operation of Baja California Sur’s first wind generating facility.
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The Bureau of Ocean Energy Management (BOEM) has designated 2 Wind Energy Areas (WEA) ahead of the leasing process later this year or early next year.
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GridStor, the developer, owner and operator of battery energy storage systems, has acquired a portfolio of storage projects currently in development in the greater Los Angeles area from Upstream Energy of San Diego.
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The Canada Infrastructure Bank (CIB) has teamed up with Ontario Power Generation (OPG) and committed $970 million towards Canada’s first small modular reactor (SMR).
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Boralex has agreed to acquire a 50% stake in a pair of wind projects in New Mexico, totaling almost 300MW, from EDF Renewables.
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Engie North America has acquired a 6GW portfolio of solar and battery storage projects in the US.
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Brazilian renewable developer Casa dos Ventos has landed financing for a portfolio of wind farms in the state of Bahia.
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Renewable energy developer rPlus Energies has signed a long-term PPA with PacifiCorp for a 400MWac solar PV project integrated with a 200MW battery energy storage system (BEES) in Emery County, Utah.
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Companhia Siderúrgica Nacional (CSN) has completed the privatization process of Companhia Estadual de Geração de Energia Elétrica (CEEE-G).
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PPL Corporation, the Pennsylvania-headquartered transmission and distribution company, and Belgian transmission operator Elia Group have agreed to develop innovative transmission solutions to integrate future offshore wind capacity with the onshore grid in the New England region.
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The energy company Invenergy has secured a deal to sell a pair of wind projects in Texas and Oklahoma, totaling almost 800MW in generation, to a utility company.
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Brazilian electric utility Copel, through its subsidiary Copel Geração e Transmissão (Copel GeT), has started commercial operations of its Jandaíra wind complex.
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International renewable energy producer Sonnedix has acquired a 290MW solar and wind platform in Chile – the most recent of many purchases made in the country.
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Dominion Energy Virginia has acquired a utility-scale battery project from energy storage developer East Point Energy, a wholly-owned subsidiary of Equinor.
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AES Andes is planning to repurpose one of its coal-fired power plants in Chile to develop renewable energy.
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Engie Energía Chile has submitted a new wind project that the company is planning to develop for environmental review.
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Molly Morris will succeed Siri Espedal Kindem as the new president of Equinor Wind US, effective 1 January 2023.
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Dominion Energy has filed a proposal with the Virginia State Corporation Commission for nearly 2 dozen new solar and energy storage projects.
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Rhode Island Energy has issues the RFP to solicit an additional 600-1,000MW of offshore wind to boost the state’s energy needs.
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Swedish developer Eolus has agreed to sell a solar and battery storage project in Arizona.
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Brookfield Renewable has agreed to partner with InterEnergy Group to develop renewable energy across Latin America.
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ArcLight Capital Partners has agreed to sell its hydroelectric generation platform, Great River Hydro, which owns a portfolio of assets across New England.
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Geo Biogás & Tech (formerly GEO Energética) and Grupo Crivellaro have secured financing for a biogas project the pair is partnering on in Brazil.
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Quinbrook Infrastructure Partners-backed Primergy Solar has closed the sale of a minority stake in a 690MW/1,416MWh solar-plus-storage facility in Nevada, after beginning marketing a stake in the project earlier this year.
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Engie has received environmental approval for the expansion of a wind project the company is planning in Chile.
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Energy Harbor Corp, an energy company that is partially owned by Nuveen Asset Management and Avenue Capital, has agreed to sell and then deactivate a pair of its coal plants totaling almost 3GW of generation as it looks to decarbonize its asset fleet.
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Clearway Energy Group has signed a fresh set of power purchase agreements (PPAs) with PacifiCorp, a subsidiary of Berkshire Hathaway.
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2W Energia has won a contract to supply Banco do Estado do Rio Grande do Sul (Banrisul) with clean energy.
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Editor's Note: This article has been amended since publication to include a statement given by Guzman Energy that was issued after press time.
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Steelmaker Companhia Siderúrgica Nacional (CSN) has closed its acquisition of the Quebra-Queixo hydro plant in Brazil.
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Enel Green Power has withdrawn the Faro del Sur wind project the company is developing in Chile from environmental review.
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Electric utility Copel, through its subsidiary Copel Geração e Transmissão, is set to acquire a pair of wind farms in Brazil.
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Leyline Renewable Capital announced an early-stage growth capital investment for Navitas Energy to develop 500MW to 1GW of standalone storage in the ERCOT market within the next 5 years.
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EDP Renewables North America (EDPR) has commenced the construction of its 202MW Indiana Crossroads II Wind Farm in White County, Indiana.
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Canadian Utilities has agreed to acquire a Canada-based renewables portfolio from Suncor Energy for $730 million.
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Puerto Rico has kicked off the second tranche of a 6-tranche renewable energy procurement tender process.
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German renewables developer Energy Kitchen has received the greenlight to proceed with a duo of wind projects the company is planning in Chile.
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Eneva has closed its acquisition of CELSEPAR, the holding company which owns the largest LNG-to-power asset plant in Brazil.
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InfraRed Capital Partners has entered into an agreement to purchase stakes in four wind projects in the US and Canada from Canadian outfit Algonquin Utilities & Power Corp.
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Engie Energía Chile has agreed a deal to acquire an operational wind project in Chile.
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The National Electric Energy Agency (ANEEL) has awarded 3 contracts in its reserve capacity power auction in Brazil.
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Engie Brasil Energia has hired Vestas for the initial supply, installation, operation and maintenance on parts of Latin America’s largest wind project.
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Public Service Company of New Mexico (PNM), a utility subsidiary of energy company PNM Resources, has retired the last unit of a coal-fired San Juan power plant.
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Neoenergia is the latest company to subscribe to the green hydrogen agenda of the Brazilian state of Rio de Janeiro.
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The renewables platform of Brookfield Asset Management has splurged on the US renewable energy market with the addition of 2 new renewable platforms to its portfolio.
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Japanese conglomerate ORIX Corporation has invested in a 150MW Texan wind power farm via its US Strategic Solutions group – following up last year’s foray into US wind energy.
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Berkshire Hathaway Energy (BHE) has agreed a deal to purchase an almost 400MW portfolio of wind projects in Montana from an affiliate of Morgan Stanley.
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Rev Renewables, a subsidiary of LS Power, has closed on the refinancing of a portfolio of battery storage projects in California totaling 615 MW.
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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.
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The Canadian province of Nova Scotia has set a goal of reaching 5 GW of offshore wind generation by 2030, outlining plans for an offshore leasing process.
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Engie North America has signed an agreement with a home appliances company to sell 53 MW of wind generation.
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Oil and gas company BP Energy has struck a deal to purchase the remaining 50% stake of a 470 MW wind project in Kansas that the company co-owns with American Electric Power (AEP).
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Greenbacker Renewable Energy Co has purchased a 54 MW wind project in Illinois from a national renewable energy project developer.
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Brazil’s National Electric Energy Agency (ANEEL) has approved the results of the A-4 New Energy auction held in May.
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EDF Renewables has agreed to sell a 50% stake in its Big Beau solar-plus-storage project located in California.
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Slate Asset Management has entered into a strategic partnership with a Canadian renewables developer through the purchase of a minority stake in the platform.
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Energy company Terra-Gen has closed financing for the second phase of its mammoth Edwards Sanborn solar and storage project in California.
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A Chilean sponsor is planning a 95.2 MW wind project in the region of Ñuble.
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Engie Brasil Energia has signed a share purchase and sale agreement that will see the company let go of its last coal-fired power plant in Brazil.
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Update: This article was edited on Sept.16 to include the identity of the sell-side financial advisor and additional details about the PPAs.
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Argentina’s Petroquímica Comodoro Rivadavia (PCR) is expanding a wind project the company is developing with steel manufacturer ArcelorMittal Acindar.
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EDF Renewables has inked a memorandum of understanding (MoU) with Prumo Logística, a transportation and energy conglomerate in Brazil.
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J-Power USA has entered into an agreement with a Thai infrastructure company to sell a minority stake in a 1,200 MW combined cycle gas-fired plant in Illinois.
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South Korean-owned energy company Qcells USA has closed on a $150 million financing to support the outfit’s buildout of its project pipeline.
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Canada’s Polaris Renewable Energy, previously known as Polaris Infrastructure, has closed its acquisition of an operational hydro project in Ecuador.
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Raízen has signed a power purchase agreement with fast food chain owner Zamp to supply restaurants across Brazil with renewable energy.
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A US solar and battery storage developer is preparing to put a $550 million debt package on the market to support its 33 GW pipeline of solar and storage projects in the US.
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Pathway Power, a newly formed renewable energy and battery storage developer, has landed a strategic investment from a climate-focused infrastructure platform.
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Brazilian power generator Eneva is planning to issue R$1.9 billion ($362.7 million) in debentures to refinance three of the company’s projects.
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Earthrise Energy has acquired a pair of gas-fired peaker plants in Illinois totaling 984 MW from a subsidiary of ArcLight Capital Partners.
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Sunnova has applied to the California Public Utilities Commission to develop a solar- and storage-driven “micro-utility” in the state.
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Brazilian energy company Raízen has formed a partnership to produce renewable hydrogen from ethanol.
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Neoenergia has signed a memorandum of understanding (MoU) with the state government of Rio Grande do Sul in Brazil for the development of green hydrogen and offshore wind.
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Arevon Energy has closed a $400 million green loan fund credit facility to finance its 6 GW solar and storage development project pipeline in the US.
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The Dominican Republic’s Unified Counsel of Distribution Companies (CUED) has awarded power purchase agreements worth 368 MW of capacity.
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UK-based VH Global Sustainable Energy Opportunities (GSEO) has acquired a 198 MW hydro facility in Brazil.
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Cordelio Power and Tenaska have entered into a joint development agreement which will see the two companies co-originate wind projects in the US and Cordelio purchase 1 GW of renewable generation.
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The Bureau of Ocean Energy and Management (BOEM) has opened the environmental impact statement for an offshore wind project being developed by Orsted North America and Eversource up for public comment.
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Puerto Rico Electric Power Authority (PREPA) has awarded the last power purchase and operating agreements (PPOAs) in the first tranche of the procurement process.
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Colbún is seeking environmental approval for a 472.5 MW wind project the independent power producer will develop in Chile.
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The Ministry of Energy and Mines of Ecuador has identified 10 hydroelectric projects to add to the country’s energy matrix.
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Clearway Energy Group (CEG) has closed its purchase of a 413 MW portfolio of wind projects from a subsidiary of Edison International Co, having agreed a deal earlier this year.
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Dominion Energy has threatened to withdraw its planned 2.6 GW wind project 27 miles off the coast of Virginia Beach after state regulators set a performance guarantee for the project.
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A regional subsidiary of Eletrobras has begun construction on a wind farm located in the state of Rio Grande do Sul after receiving approval from Brazil’s power regulator ANEEL.
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YPF Luz, the power generation arm of Argentine oil and gas company YPF, has issued a combined $100 million in bonds.
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Amp Energy has landed tax equity and debt financing for a 61 MW solar-plus-storage portfolio in New York state and Massachusetts.
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Brazilian power generator Eneva has completed its acquisition of a 327 MW gas-fired CCGT power plant, dubbed TermoFortaleza.
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AES Brasil and Grupo Unipar have completed their joint venture agreement that will see the pair develop a wind project in Brazil.
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KKR & Co has led a structured investment, along with GCM Grosvenor, in a California-based renewables developer.
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Celepsa, the power producer subsidiary of Grupo Unacem, has secured a green loan to refinance a hydroelectric power plant the company is operating in Peru.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has issued requests for interest (RFI) and competitive interest (RFCI) for the development of offshore wind in the Gulf of Maine.
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A joint venture between Repsol and Ibereólica has secured a project finance debt raise for the construction and operation of a wind project the platform is developing in northern Chile.
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Consumers Energy is set to close a deal that will see the company purchase a 1,176 MW combined-cycle natural gas-fired project from ArcLight Capital Partners.
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A subsidiary of the utility Xcel Energy has entered into a revised agreement with Allete’s renewables subsidiary to purchase a repowered wind project totaling 120 MW in Minnesota.
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Enel Green Power Chile has begun commercial operations for the first hybrid renewable project in Chile.
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A Swiss energy company has entered into an agreement with SMT Energy that will see the European outfit purchase 100 MW of battery storage capacity in Texas.
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Canadian renewable power producer Innergex has found an offtaker for a wind farm the company is developing in the state of Wyoming.
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Pampa Energía has acquired the remaining 50% stake in Greenwind, making the company the sole owner of the platform.
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Engie Energía Perú has secured financing from IDB Invest for a wind farm the French renewable company is developing in Peru.
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The State of Michigan has penned an offtake agreement with Consumers Energy that will see the state procure 68 MW of renewable generation for state government buildings.
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Colombian energy distributor Air-e has signed a memorandum of understanding (MoU) with France's EDF Renewables that will see the two companies co-develop wind projects in the country.
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Puerto Rico Electric Power Authority (PREPA) has awarded four power purchase and operating agreements (PPOA) to renewable projects after launching a RFP process last year.
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Activate Renewables, a newly-formed renewable energy platform, has purchased a 115 MW portfolio of renewable assets from Ares Management Corp.
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AES Brasil has acquired a trio of wind complexes totaling 456 MW in capacity in Brazil, a transaction valued at R$2.03 billion ($397 million).
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The Virginia State Corporation Commission (SCC) has given its approval for Dominion Energy to construct a 2.6 GW wind project 27 miles off the coast of Virginia Beach.
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Colombia is moving forward with its plans to promote offshore wind energy after releasing the country's roadmap earlier this year.
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Enel Green Power and HIF Energy have submitted a wind project that the duo is developing in Chilean Antarctica for environmental review.
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BASF, a German multinational chemical company, has secured 250 MW of solar and wind generation through virtual power purchase agreements across the US.
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EDP has agreed to sell its stake in Hydro Global, a joint venture between EDP and the China Three Gorges (CTG) group.
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Greenbacker Capital Management has made a strategic growth investment in a Boston-based distributed generation, microgrid, and energy efficiency company.
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Chile is retiring three coal-fired power plants with a combined installed capacity exceeding 380 MW as part of its plan to decarbonize the country's power grid.
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Chile’s National Energy Commission (CNE) has selected winners in the renewable power auction the government launched in February.
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Hull Street Energy has made a strategic investment in a newly-formed energy storage company based out of Colorado.
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Brazilian developer 2W has secured long-term financing for its Kairós wind complex located in the state of Ceará.
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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.
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Sequitur Renewables, an affiliate of ArcLight Capital Partners, has agreed to acquire a 185 MW portfolio of wind projects from GlidePath Power Solutions.
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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.
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German renewable developer ABO Wind has sold its Buffalo Plains wind farm located in Alberta, Canada.
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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).
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Broad Reach Power has closed a $160 million project financing for a 18-project portfolio of battery storage projects in Texas and California.
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Spearmint Energy, a newly-formed energy storage developer, has purchased a 150 MW battery storage project in Texas from a subsidiary of Con Edison Clean Energy Businesses, the company’s first ever asset acquisition.
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Cypress Creek Renewables has purchased a four-project portfolio of standalone energy storage projects totaling 400 MW in Texas from a local developer.
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Invenergy has struck a deal with a subsidiary of American Electric Power (AEP) whereby the company will sell a 204 MW wind project it is developing in Illinois.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has identified two potential wind energy areas (WEAs) off the coast of the Gulf of Mexico that it is now taking public comment for.
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Generate Capital has purchased esVolta, a large-scale battery storage developer, as Generate continues to scale up its renewables operations.
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Sempra Infrastructure and state-owned utility company Comisión Federal de Electricidad (CFE) have entered agreements to advance their partnership in Mexico.
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Cubico Sustainable Investments has bought two wind projects located in Uruguay from construction company Grupo ACS.
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Aypa Power, a Blackstone portfolio company, has financed a 173 MW standalone battery storage project in Texas.
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OMERS Infrastructure has agreed to sell Midland Cogeneration Venture, a 1,633 MW combined-cycle heat and power plant, to a pair of institutional investors.
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Atlas Renewable Energy has submitted a wind project located in the region of Maule to Chile’s Environmental Evaluation Service.
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FGE Power, an Austin, Texas-based renewables developer, has agreed to sell a 531 MW wind project in Texas to a Brazilian energy company.
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Argentina’s MSU Energy is planning to issue a local bond for up to $15.1 million in order to refinance the company’s existing debt and generation expansion.
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Brazilian renewables developer 2W Energia has secured an offtaker for the 261 MW Kairós wind complex in Ceará.
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Enel’s Peruvian subsidiary has signed a 12-year PPA with Siderperu, the country’s largest steel manufacturer.
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A buyer has been found for East Point Energy, a battery storage platform which was put on the market this February.
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Argentina’s Pampa Energía has signed a power purchase agreement for one of its wind farms located in the province of Buenos Aires.
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NextEra Energy Resources has inked a power purchase agreement with a US retailer for the output of a 300 MW wind project the sponsor is developing in Texas.
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The state government of Rio Grande do Sul has launched a fresh attempt to privatize the state’s electricity generation company after failing to attract bids earlier in the year.
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The governor of Rhode Island has signed a bill into law that will see the state procure up to 1 GW of offshore wind generation.
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SMT Energy has hired a director of project management to its energy storage team from EDP Renewables (EDPR).
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Broad Reach Power has entered into a services agreement with an energy technology and infrastructure company for its data center in Texas.
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Iberdrola subsidiary Neonergia has signed a long-term power purchase agreement with Ambev, a Brazilian brewery.
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Entergy Arkansas has issued a request for proposals for 1 GW of solar and wind generation to help support the state’s power needs.
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Scottish outfit Renewco Power has closed on a deal to purchase 1.5 GW of utility-scale solar projects and 500 MW of battery storage from a Virginia-based developer.
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Clearway Energy Group (CEG) has agreed to purchase a 413 MW portfolio of wind projects from a subsidiary of the public utility Edison International Co.
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Four companies are preparing offers to acquire the concession rights for the development of a combined cycle gas-fired power plant in Ecuador.
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State-owned Comisión Federal de Electricidad (CFE) has entered into an agreement with New Fortress Energy expanding the duo’s collaboration in Mexico.
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Latin American asset manager Patria Investments has completed its acquisition of nine run-of-river hydro assets from ContourGlobal.
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Intersect Power has landed a $750 million growth equity investment from TPG’s investment platform, TPG Rise, and a consortium of new and existing investors.
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EIG Partners is launching a renewable energy platform in Chile through the merger of EIG-owned Cerro Dominador and recently acquired ANPAC Energia.
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Brazilian development bank BNDES has provided a R$145 million ($27.7 million) loan to fund the expansion of a small biomass plant in Minas Gerais.
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The AES Corporation has purchased a wind project located in Mississippi from Danish manufacturer and developer Vestas.
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The International Finance Corporation (IFC) has mobilized a $50 million financing package for a Brazilian ethanol and biomass plant.
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LyondellBasell has inked two power purchase agreements, marking the petrochemical company’s first renewable PPAs.
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Elera Renováveis has started construction on its Oeste Seridó wind complex that the company is developing in the state of Rio Grande do Norte.
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Brazilian utility Eneva has raised R$4.2 billion ($807 million) in a share offering to finance its acquisition of a 1.6 GW CCGT plant and associated LNG regasification terminal.
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Summit Power has agreed to sell the White Creek Wind I project to Excelsior Energy Capital.
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France’s Veolia has partnered with petrochemical company Braskem on a biomass project that has started construction in the Alagoas state of Brazil.
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Generate Capital has made a strategic investment totaling $500 million into the utility-scale solar and energy storage developer Pine Gate Renewables.
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LS Power has struck a deal to purchase an 835 MW gas-fired peaker plant in Ohio from ArcLight Capital Partners.
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Brazilian energy company Raízen has inked a power purchase agreement with one of the country’s biggest fashion retailers, Marisa.
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Capstone Infrastructure has secured a renewable attributes purchase agreement for the output of its 192 MW wind project in Alberta, Canada.
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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.
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Engie has completed its acquisition of an 882 MW portfolio of development-stage wind assets in Brazil.
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Miami-based developer Atlas Renewable Energy has submitted the Los Alpes wind project, located in the Araucanía region, to Chile’s Environmental Evaluation Service.
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AES Dominicana, a subsidiary of AES Corp, has acquired a wind project in the Dominican Republic from Inkia Energy.
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Matrix Renewables has secured tax equity financing for two of the company’s Gaskell West solar-plus-storage projects in California.
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Brazilian renewable developer Lisarb Energy has launched an offshore wind joint-venture with UK financial advisory firm Prosperity Energy.
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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.
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Recurrent Energy, a wholly owned subsidiary of Canadian Solar, has purchased a pair of standalone battery storage projects in Texas totaling 400 MWh.
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EIG has entered into a memorandum of understanding (MoU) with Aramco that will see the two companies collaborate on energy projects moving forward.
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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.
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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.
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Trafigura Group has invested in a Boston, Massachusetts-based energy storage solutions company.
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Atlas Renewable Energy has acquired a wind project from French energy producer Voltalia, the developer's first wind project in Brazil.
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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.
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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.
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Brazilian renewable developer Omega Energia has inked a power purchase agreement with food producer M. Dias Branco.
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Cypress Creek Renewables has secured a loan to support the development and construction of a 160 MW solar park in Texas.
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Innergex has closed its acquisition of Aela Energía, adding 332 MW of wind capacity to the Canadian developer’s renewables portfolio in Chile.
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X-Elio is preparing to enter the energy storage market in Chile with the addition of a battery energy storage system to its Uribe solar project.
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A solar and distributed energy storage developer based out of Wakefield, Massachusetts, has landed a $350 million equity investment from funds managed by CarVal Investors.
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Luminia, a solar financing solutions outfit, has inked a power purchase agreement for the output of a 11.6 MW solar project in California, which is fitted with 32 MWh of battery storage.
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The US subsidiary of Japanese energy company JERA Co has agreed to purchase an over 1.6 GW portfolio of operational dual-fuel peaking plants in Massachusetts and Maine from a Stonepeak Infrastructure Partners fund.
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ReVolve Renewable Power has signed land option agreements with private landowners in Mexico to develop a wind project.
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Enel Green Power Guatemala has signed a hydro power purchase agreement with construction materials company Cemex.
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EDF Renewable Brasil has inked a letter of intent with the state of Paraíba to expand its Serra do Seridó wind complex.
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Enel Peru has started construction of the Wayra expansion project, making the Wayra complex the largest wind project in Peru.
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FDNE, a fund managed by the Superintendency for the Development of the Northeast (Sudene), is disbursing a R$698 million ($146 million) loan to finance wind projects in Brazil.
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Greenbacker Capital Management has made an equity investment in a financing and asset aggregation platform for commercial and industrial solar projects in the US.
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The New York State Energy Research and Development Authority (Nyserda) has awarded contracts to 22 solar and energy storage projects in the state totaling around 2.4 GW of solar generation and around 160 MW of storage.
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Arroyo Energy has agreed to sell a pair of combined cycle plants in Maryland and South Carolina totaling 1,080 MW to a JP Morgan Asset Management-owned energy company.
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Brazilian power generator Eneva is to purchase the 1.6 GW Porto de Sergipe I CCGT plant, the country’s largest LNG-to-power asset.
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The US Department of the Interior (DOI) has announced its plan to hold offshore wind leasing auctions in two areas in the outer continental shelf offshore California, the first offshore wind auction held in the west coast.
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The Ecuadorean Ministry of Energy has prequalified 3 bidders for the 400 MW Guayaquil CCGT tender.
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Swift Current Energy has upsized a credit facility to $225 million to support the Boston-based platform’s pipeline of utility-scale renewable energy and energy storage projects.
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Borrego, a solar and energy storage developer and EPC provider has agreed to spin off and sell the company’s development business, including its almost 15 GW portfolio of solar and energy storage assets spread across the US.
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French energy company TotalEnergies has agreed to purchase a 50% stake in renewables developer Clearway Energy Group for $1.6 billion and a minority stake in SunPower Corp.
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Canadian developer BluEarth Renewables has purchased a 1 GW combined solar and wind project in Colorado from NorthRenew Energy.
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EnerSmart Storage, an energy storage developer backed by Yorktown Partners, has closed financing for a portfolio of utility-scale energy storage projects totaling 165 MW located in San Diego, California.
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Engie Energia Peru has requested an up to $300 million corporate loan from development finance institution IDB Invest to support the construction of a wind farm.
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After more than two years in the process, Stoneway Capital Corporation closed a restructuring deal under Chapter 11 and CBCA plans, which went effective May 17.
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HIG Capital has closed its purchase of private equity firm Lindsay Goldberg’s paper-producing subsidiary, including the company’s 433 MW portfolio of thermal plants that are located in Pennsylvania, Ohio, Maine and Wisconsin.
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A joint venture between Captona and South Jersey Industries (SJI), has purchased a solar-plus-storage facility in Massachusetts, marking the JV’s fourth acquisition since its founding.
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Avenue Capital has struck a deal to refinance its 1.8 GW gas-fired asset portfolio, which comprises eight peaking plants and two gas-fired combined cycle plants spread across California.
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NextEra Energy Resources has signed a virtual power purchase agreement (VPPA) with Ball Corporation for new wind energy to be developed in Texas.
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Infrastructure Investments Fund (IIF) has acquired the country's largest privately owned gas storage company, Enstor Gas, from ArcLight Capital Partners.
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Goldwind has completed a $270 million refinancing for a portfolio of five Argentine wind farms.
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The US Department of the Interior has announced the winners in the Carolina Long Bay wind energy auction which attracted bids totalling $315 million.
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Spain’s Elecnor has begun the permitting process for a wind project located in the region of Los Lagos in Chile.
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CleanCapital has secured a $200 million debt package to support the New York-based developer’s pipeline of distributed solar and energy storage projects.
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A subsidiary of Algonquin Power & Utilities Corp has entered into a power purchase agreement to sell the output of a 112 MW wind project it is constructing in Michigan.
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Partners Group has found a buyer for its minority stake in an 850 MW contracted gas-fired peaking power plant in California after launching a sale process last year.
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AES Corp has entered into a power purchase agreement with Microsoft to power the company’s data centers in California, expanding on a previously announced agreement between the two parties.
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AES Corp has entered into a pair of power purchase agreements with Amazon to supply the tech company with 450 MW of solar generation and 225 MW of battery storage.
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Greenbacker Renewable Energy has acquired a 55 MW wind farm located in the state of New York.
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DSD Renewables, a BlackRock-backed solar platform, has secured a $70 million tax equity investment from Morgan Stanley.
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GE Renewable Energy has been appointed to manage the upgrade of the Itaipu hydroelectric plant – the world’s second-largest hydro facility.
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Casa dos Ventos, through its subsidiary RDVE Subholding, has issued R$430 million ($87.4 million) in debentures to finance the expansion of its Rio do Vento wind complex, located in the state of Rio Grande do Norte.
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BlueFloat Energy has announced plans to develop 5.2 GW of offshore wind projects off the coast of Colombia after the government unveiled its roadmap for project development.
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NHOA, formerly Engie EPS, is developing a 30 MWh energy storage project in the province of Cañete in Peru.
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A Durham, North Carolina-based developer has secured a $125 million letter of credit to support the company’s project development pipeline.
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Origis Energy has closed a $375 million credit facility to support the company’s solar and energy storage project pipeline.
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Galp has agreed to purchase 4.8 GW of wind and solar projects across Brazil, doubling the capacity of its global renewable portfolio.
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Monómeros, the Colombian agricultural and industrial group, has signed a memorandum of understanding (MoU) with public lighting company APBAQ to develop green ammonia in the country.
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Tyr Energy has entered into an agreement to sell a 236.5 MW dual-fuel combined cycle power plant in Wisconsin to a subsidiary of WEC Group.
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Enel Green Power North America has signed a virtual power purchase agreement for a portion of the output of its 250 MW wind farm in Oklahoma.
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Argentina’s Petroquímica Comodoro Rivadavia (PCR) is planning to issue two green bonds for a combined $70 million on May 3 through its renewable energy subsidiary, Luz de Tres Picos.
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Colbún, the Chilean independent energy producer, has added a new wind park in the region of Biobío to the company's project pipeline.
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AC Energy (ACEN), a Philippines-based developer, has entered a partnership to repower wind farms in the United States, thus marking its entry into the US renewable energy market.
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Brazilian power regulator Aneel has approved bid documents for the country’s next power auction, due to be held on 27 May.
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Generate Capital, a San Francisco-based renewables firm, has inked a deal to purchase three battery storage projects in California from esVolta.
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2W Energia, a Brazilian energy company, has a new hybrid project in the pipeline to be developed in the country’s northeast.
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The New York Power Authority (NYPA) has issued a request for proposals for the development of utility-scale battery storage projects.
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Enel Green Power’s Brazilian subsidiary has brought a 99 MW wind park online.
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A group of industry veterans have formed Cardinal Midstream, an independent energy company, and received a capital commitment of $300 million from EnCap Flatrock Midstream.
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CMPC – the wood and paper products manufacturing company – is sponsoring a 144 MW wind farm in Chile through its energy subsidiary Bioenergias Forestales.
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Eight companies have submitted expressions of interest in a tender for a 400 MW combined-cycle gas-fired power plant in Ecuador.
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Eolian, a subsidiary of Global Infrastructure Partners, has closed on a bespoke financing that will support the company’s investment and development of renewable energy projects across the US.
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Broad Reach Power has purchased over 900 MWh of battery storage systems from a renewable solutions firm for the developer’s projects in Texas.
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Atlas Renewable Energy has signed its first wind power purchase agreement with Enel Generacion Chile, marking its entry into the Chilean wind power market.
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Tech company Amazon has procured 3.2 GW worth of renewable energy generation in the US to support the company’s operations in the country.
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Cypress Creek Renewables has secured a $450 million debt facility led by Queensland Investment Corp (QIC) to fund the outfit’s expansion of its solar and battery storage portfolio.
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AES Chile, a subsidiary of AES Corp, has commissioned its 110 MW wind project in Chile.
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Starwood Energy Group has closed a $710 million refinancing of an almost 1.2 GW portfolio of gas-fired assets in Massachusetts and Pennsylvania after adjusting the debt package earlier this month.
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Aluar Aluminio Argentino, the Argentine aluminum company, has announced it is expanding its 164 MW wind farm by adding 18 new turbines.
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Convergent Energy + Power has struck a deal with a Massachusetts-based municipally owned utility to develop a utility-scale battery storage system in the state.
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Dutch energy company Vitol has agreed to buy three wind farms totaling 244.4 MW from a BlackRock-managed fund for an undisclosed sum.
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Tesla has entered into a joint venture with a Puerto Rican private equity firm to form a new subsidiary, Tesla Climate Capital.
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MetLife Investment Management (MIM) has provided $200 million in financing to support the shuttering of two coal-fired plants in New Jersey owned by Starwood Energy Group.
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Nevada utility NV Energy has issued a new request for proposals for the procurement of solar, hydroelectric, geothermal, wind, biomass and biogas facilities.
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Genneia, the Argentine renewable developer, will invest $200 million to finance new renewable energy projects.
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Crayhill Capital Management has provided a $200 million senior secured credit facility to a Texas-based renewables developer for the construction of the company's late-stage utility-scale solar projects.
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Ørsted has agreed to buy a 121 MW wind farm from Ford Ridge Wind Equity Holdings which is owned by asset manager Ares Management.
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Brazilian power company Cemig has launched a request for proposals for solar and wind projects it wants to acquire.
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Enel, the European Investment Bank (EIB) – through its development branch EIB Global – and SACE are supporting renewable energy and energy efficiency programs in Brazil, Colombia and Peru.
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Argentina’s Pampa Energía has inked a $20 million letter of credit to finance the expansion of its Pampa Energía III wind project in Buenos Aires.
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AES Andes, the Chilean clean energy developer, has signed a power purchase agreement with Microsoft for a datacenter in Chile.
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Matrix Renewables has purchased a solar project and solar-plus-storage project in California from Recurrent Energy, the US subsidiary of Canadian Solar.
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