Brokers / Dealers
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A merchant bank and a boutique investment bank, each led by an experienced financier, have joined forces to form a new advisory firm focusing on natural resources, energy, power and utility infrastructure.
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The online poll for PFR’s Deals and Firms of the Year Awards has closed, after market participants voted for the banks, sponsors, investors and deals they thought were most impressive in 2016. The survey received roughly double the number of votes cast last year.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for Americas LNG Project Finance Deal of the Year.
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The deadline for nominations for Power Finance & Risk's Deal of the Year 2016 awards is coming up quickly. Make sure your deal of the year doesn't miss out on the short list by sending in a nomination by Jan. 31.
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In this week’s Industry Current, Bernays ‘Buz’ Barclay, managing partner at Rimon P.C. and senior adviser to Marathon Capital, calls on the power industry to engage with blockchain technology.
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Vivint Solar has obtained a $75 million tax equity commitment from an investor it has not previously worked with, in a market which has become less hectic in response to the tax credit extension at the end of last year.
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Allianz Risk Transfer, with the help of several partners, has created a novel hedge product to protect wind projects against the risks of intermittent wind resources, which deal watchers say could have a major impact on the market.
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Covanta is marketing a 162 MW portfolio of seven wood waste biomass facilities in California and Maine in what it hopes will be a “quick and clean transaction,” says a person familiar with the deal.
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sPower has secured federal tax equity from U.S. Bancorp and state tax equity from various investors via State Tax Credit Exchange for the 48 MW Eden Solar project in Richmond County, N.C. in two separate deals.
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On Sept. 16, PJM market participants and industry observers from further afield gathered for the PJM Market Summit to discuss the introduction of new capacity performance rules and the evolution of demand response products.
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Two senior research analysts specializing in renewables stocks left Northland Securities last week to take up new positions at Oppenheimer and Co.
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WindSail Capital is offloading its majority stake in renewables trading firm Skystream Markets, less than a year after it invested in the company, according to a confidential memo.
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The Yieldco Sweep is an exclusive monthly feature that tracks the performance and activity of key yield companies in the power sector with illustrative graphics and market insight.
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Deepwater Wind Block Island, a subsidiary of Deepwater Wind, has closed the first financing for an offshore wind project in the U.S.
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The second installment of this Industry Current is written by Anne Hampson, project manager, and Jessica Rackley, senior associate at ICF International in Washington D.C. For the first installment, click here.
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Calpine Corp. has agreed to buy the 809 MW Fore River gas-fired plant in Massachusetts from Exelon Corp.
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Welcome to the premiere edition of the Yieldco Sweep, an exclusive monthly feature that will track the performance and activity of key yield companies in the power sector with illustrative graphics and market insight.
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AES Corp. has closed a $775 million floating rate note issuance after upsizing the deal from $500 million.
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Cheniere Energy is out to issue $2 billion in senior secured 144A bonds to fund capital costs on trains one through four at its Sabine Pass liquefied natural gas export facility in Louisiana.
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Hannon Armstrong Sustainable Infrastructure Capital and Sol Systems have created a $100 million fund to develop distributed solar projects.
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Macquarie Group and Altus Power America Management have launched a $100 million Clean Energy Land Program to help finance solar and wind projects in the U.S. by covering real estate costs associated with project development.
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Canadian Solar is looking to sell almost three million shares and up to $130 million in 144A convertible senior notes due 2019.
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The number of assets coming up for sale in Canada is not as high as it was a couple of years ago, despite an uptick in the number of institutional investors looking to play in the space, according to panelists at the 5th Annual Canadian Power Finance Conference in Toronto Jan. 28.
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SunEdison has secured a $320 million letter of credit from Deutsche Bank and has issued $1.2 billion in convertible bonds to refinance debt and save $35 million in payments annually.
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Use of the phrase yieldco to describe three recent share flotations by NRG Yield, TransAlta Renewables and Pattern Energy Group masks very different business arrangements.
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Japanese and Canadian banks topped lender project finance league tables for North America power and energy deals in the third quarter, as the B loan boom quieted down and bank debt came back to the fore.
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Southern Company subsidiary Southern Electric Generating has issued $100 million in 144A bonds, with the company keen to tap the attractive rates available for borrowers.
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Sempra Energy has issued $500 million in senior unsecured notes to pay off commercial paper, as Treasury rates settle back down to near record lows following a spike earlier in the year.
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Recurrent Energy has approached banks about securing more than $350 million backing a portfolio utility scale solar projects in California.
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SolarCity is set to issue the debut solar securitization, with a private placement of $54.425 million of solar asset-backed notes.
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Industry officials expect to see several developers to pursue yield company structures in the next year following the success of NRG Energy and Pattern Energy’s breakthrough deals.
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Private equity firm Power Capital Holdings has partnered with Hunt Consolidated subsidiary Hunt Power Capital Partners to launch its maiden power and energy play, Power Capital Partners.
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MidAmerican Energy Co. has issued $950 million in first-mortgage bonds to take advantage of investor demand for utility paper.
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Australian investment manager AMP Capital has completed a $300 million first close on its AMP Capital Infrastructure Debt Fund II from 17 institutional investors.
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Southern Co. increased a five-year bond issuance to $500 million from $400 million upon finding a market flush with cash and little deal flow.
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Marathon Capital is leading a $120 million bond refinancing of Gradient Resources’ 60 MW Patua geothermal facility near Fernley, Nev.
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Ohio Power Co., a subsidiary of American Electric Power, will redeem the entire outstanding $225 million principal amount of its 6.375% senior notes due in 2033 on Aug. 12.
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I Squared Capital, a company established by ex-Morgan Stanley executives, is aiming to raise $2 billion for its maiden infrastructure fund.
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The order book for Southern Power’s 30-year, $300 million issuance of bonds was more than seven times over-subscribed this week.
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