Commodities
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Trafigura Group announced on April 9 that it will launch its first carbon trading desk, led by Hannah Hauman, further expanding the scope of its trading activities.
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In the world of project finance, power purchase agreements are usually considered from the point of view of the project owner or lender. But in the last few years, more attention has started to be paid to the other end of the contract.
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Portland General Electric has retained legal and other advisers as it reviews power trading after realizing $104 million in losses on “ill conceived” positions its power traders entered into this year.
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Citi has signed a deal with an end customer to cover a portion of the output of a Texas wind project that was financed on the basis of a hedge provided by the bank last year.
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After hedge providers got burned earlier this year on deals for new-build gas-fired projects in PJM Interconnection, they are quoting revenue puts at pricing that no longer makes as much sense for CCGT developers, forcing them toward alternatives.
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"I am back in Houston,” reads a Jeffrey K. Skilling LinkedIn profile apparently created in September of last year, shortly after the former Enron executive was transferred from a minimum security federal prison camp in Alabama to a halfway house under the supervision of RMM Houston, a residential reentry management field office of the Federal Bureau of Prisons.
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A Houston-based pair of upstream and midstream energy specialists have left GE Energy Financial Services.
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As Dominion Energy prepares to close financing for its Cove Point terminal later this month, deal watchers are tracking another LNG export terminal, which they say could be the next such facility to reach final investment decision.
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Two banks are leading the 20-strong lender group that is providing a three-year loan to finance Dominion Energy’s Cove Point LNG export terminal on the shore of the Chesapeake Bay in Maryland.
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Home games of the Philadelphia Flyers and 76ers will be 100% wind powered under a contract signed recently by Comcast Spectacor, the owner of their home arena, the Wells Fargo Center.
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Citi has hired a senior banker from a rival firm to lead its North American commodities-linked financing business, with a focus on energy.
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Data center operator QTS Realty Trust has inked a “sleeved” power purchase agreement with Citi for the output of a wind project in Texas, a type of deal that is set to become more common as non-utility offtakers seek to avoid taking project risks.
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Spark Energy and its chairman have acquired a New York-based retail energy marketer with operations in several states located throughout the Northeastern and Midwestern U.S.
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Diamond Generating Corp. has agreed to purchase Boston Energy Trading and Marketing from NRG Energy in a $70 million deal.
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Cheniere Energy Partners LP Holdings priced a $1.5 billion high yield bond on Sept. 12 to partially refinance term loans the company signed in February 2016.
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Morgan Stanley is marketing a portfolio of wind assets in Montana and Alberta, a person familiar with the process has confirmed.
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A banker who joined Morgan Stanley two years ago to build up the energy and power finance offering within its commodities group has left the bank to take up a new role at Whitehall & Co.
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EDF EN Canada’s investment in a 23 MW (DC) solar project in Ontario has begun to pay a tasty dividend, in the form of honey.
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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 #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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Mike Garland, ceo of Pattern Development and president and ceo of its yield company, Pattern Energy Group (PEGI), gives his view on trends in the availability and pricing of power purchase agreements, the competitiveness of offshore wind and the latest developments in the tax equity market in the first part of this exclusive interview with Richard Metcalf, editor of PFR.
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Investor-owned and municipal utilities and county authorities are among the companies that have contracted additional solar generation in the past couple of months, spurred not only by the desire to be green, but also by the low prices on offer.
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Invenergy has selected arrangers for a debt package backing the 1.5 GW Lackawanna combined-cycle gas fired project in Jessup, Pa.
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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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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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Non-utility offtakers signing up to procure renewable generation have an ever growing range of options at their disposal, as the latest selection of agreements demonstrates.
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Ares-EIF has sold the 112 MW Northampton waste coal-fired facility in Northampton, Pa.
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PwC recently carried out a survey of U.S.-headquartered companies regarding their approach to procuring energy, and George Favaloro, an m.d. at the accountancy, tax and advisory firm, was on hand at the REFF Wall Street conference in New York to share the results.
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A group of lenders assembled onstage at the culmination of REFF Wall Street this year to talk about financing trends for renewables projects, including how to deal with the merchant aspects of projects with non-utility offtake contracts.
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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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