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Brazilian power regulator Aneel has awarded power purchase agreements to renewable energy projects totaling 984.71 MW in two separate auctions held on July 8.
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Brazilian firm Equatorial Energia has signed a sales and purchase agreement with the state of Rio Grande do Sul to acquire electric distribution company CEEE-D.
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Herbert Smith Freehills (HSF) has appointed Edward Dougherty as co-head of its Latin America practice.
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Spanish developer Solarpack has secured environmental approval for a 9 MW solar project in the Chilean region of Antofagasta.
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A BlackRock climate infrastructure fund has secured $250 million in commitments at first close as it seeks to invest in Latin America and other emerging markets.
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The government of the Brazilian state of Ceará has signed agreements with two different sponsors to develop an offshore wind farm and green hydrogen projects in the region.
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Two financial institutions have arranged a $100 million debt package to develop a cogeneration plant in Brazil owned by sugar and ethanol firm São Martinho.
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Santander's former head of structured finance in Mexico City is moving to Miami for a new role at a project finance lender and advisory firm.
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Ember Infrastructure has appointed two vice presidents who are joining the firm from Global Infrastructure Partners (GIP).
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New York-based Crayhill Capital Management has launched a renewable energy equity investment platform and appointed two Silicon Ranch Corp financiers to lead it.
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Antin Infrastructure Partners has appointed Chris Slavin as principal of investor relations based in New York.
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Greengate Power Corp has started construction and secured a corporate offtaker for what it says will be the largest solar project in Canada.
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Verdant MicroGrid, a Washington state-based microgrid developer, has inked a $150 million financing partnership with Blackstone Credit portfolio company ClearGen, to support the buildout of renewable energy microgrids in the US.
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A subsidiary of Leeward Renewable Energy has issued up to $375 million in an unsecured bond offering to refinance its outstanding debt, which includes a bridge facility used to acquire solar assets back in March.
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Osaka Gas USA and Summit Ridge Energy (SRE) have entered into a joint venture to develop a portfolio of solar assets in Maine.
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American Electric Power's subsidiary, Southwestern Electric Power Co (SWEPCO), has issued three requests for proposals for renewable and short-term generating capacity.
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Centaurus Renewable Energy has reached financial close on a $70 million bridge loan for a solar-plus-storage project in New Mexico.
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The New Jersey Board of Public Utilities (NJBPU) has awarded two contracts totaling 2,658 MW to the Atlantic Shores Offshore Wind project, which is owned by a joint venture between EDF Renewables and Shell New Energies US, and to Ørsted’s Ocean Wind II project.
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Three senior executives at Kayne Anderson Capital Advisors have left the firm to launch a renewables investment platform, and are planning to take a North Carolina solar project with them.
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BNDES has announced the winning bidder in the privatization of Amapá's state electricity company, Companhia de Eletricidade do Amapá (CEA).
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Partners Group has agreed to acquire a controlling stake in a US-based solar-plus-storage platform.
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Spain’s Repsol Energy has reached financial close on its acquisition of a 40% stake in the utility-scale solar and battery storage developer Hecate Energy.
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LS Power has completed its acquisition of the 365 MW Solar Source portfolio from PSEG Power.
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BlackRock’s Global Energy & Power Infrastructure Fund I has launched a sale process for a 240 MW contracted gas-fired cogeneration plant in California.
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Enel's Latin American subsidiaries are making separate moves to merge some of their affiliates in Chile as well as to consolidate the Enel-owned businesses in Colombia into one single company.
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Spanish firm Ferrovial has secured environmental approval for a transmission project in the Chilean region of Coquimbo.
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AES Corp's Chilean subsidiary, AES Andes, has modified an agreement it signed with Chile's Ministry of Energy to shutter coal-fired assets in the country in order to include an additional 1,097 MW of retirements.
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Spanish infrastructure firm and engineering, procurement and construction contractor Obrascón Huarte Lain (OHL) has rebranded as OHLA as it commemorates its 110th anniversary after a long path of restructurings.
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Colombia’s Mines and Energy Planning Unit (UPME) has selected a winning bidder for the country’s first battery storage system, concluding a tender process that was launched in January.
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Brazilian utility Cemig Geração e Transmissão has announced that it will hold a procurement process to buy wind and solar power through the country's free market this summer.
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Catamaran Renewables, a joint venture launched last summer between Captona and South Jersey Industries (SJI) subsidiary Marina Energy, has acquired its third fuel cell project.
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Israeli independent power producer Enlight Renewable Energy has agreed to acquire a majority interest in US solar and storage developer Clēnera.
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The Bureau of Ocean Energy Management (BOEM) is launching an environmental review of Dominion Energy's 2.6 GW Coastal Virginia Offshore Wind (CVOW) project off the coast of Virginia Beach.
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Developers aiming to qualify their renewable energy projects for federal tax credits will have an extra year to do so, after the Internal Revenue Service granted a deadline extension on June 29 to account for pandemic-related construction delays.
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A vice president at CohnReznick Capital has joined the renewables project finance team at a Canadian investment bank.
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Dominican utility company Empresa Generadora de Electricidad Haina (EGE Haina) has brought online a 120 MW (DC) solar park in the Dominican Republic.
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Two vice presidents in Goldman Sachs' renewable power group have headed to a Morgan Stanley-backed impact investment platform, where they will lead a new renewables investment division.
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Colombia has launched the country’s third renewable auction, which will take place before October 31 of this year.
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Iberdrola’s Brazilian subsidiary, Neoenergia, has signed a memorandum of understanding (MoU) with Brazil’s Pernambuco state government to develop a green hydrogen pilot project.
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McGuireWoods has recruited an M&A partner in Houston who previously held senior roles at power and renewables project developers such as NRG Energy and Panda Power Funds.
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LS Power has wrapped a $108 million debt package for a portfolio of lithium-ion battery projects located in California.
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An Ares Management Corp-backed renewables developer has sold a 90 MW portfolio of landfill gas-to-energy projects spread across seven US states to a private market fund manager.
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US-based renewables developer Participant Energy has begun construction on a 14.7 MW solar complex in Honduras, which will be the largest privately-owned solar asset in the country.
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The Biden administration is preparing to launch a lease auction for offshore wind development on the outer continental shelf of the New York Bight – an area of shallow water between Long Island and the New Jersey coast.
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El Salvador's president has revealed plans to power Bitcoin mining operations in the country using geothermal energy produced by volcanoes, shortly after El Salvador became the first country in the world to adopt Bitcoin as legal tender.
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Aypa Power, which was previously known as Canadian energy storage platform NRstor C&I before it was bought and rebranded by Blackstone Energy Partners in 2020, has recruited an M&A director from AES Corp.
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Enel Green Power's Brazilian subsidiary, Enel Green Power Brasil Participações, has brought online its largest wind project globally, totaling 716 MW in the state of Piauí.
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Paul Hastings has launched an energy transition and infrastructure team which will be based in Houston and New York.
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Voya Investment Management, the asset management business of Voya Financial, has reached first close on an infrastructure debt fund that is focused on renewables project financing.
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Invenergy has secured construction financing for the second phase of a massive 1.3 GW solar project in Texas.
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A pair of investors has closed acquisition financing to support their purchase of the Canadian operations of Brookfield Infrastructrure Partners' district energy business, Enwave Energy.
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Highview Enlasa, a joint venture between British energy storage firm Highview Power and backup power specialist Energia Latina (Enlasa), is developing the first liquid air energy storage facility in Chile.
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Czech solar developer Solek has received environmental approval for a 10.64 MW (DC) solar project in Chile.
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The Brazilian subsidiaries of Norwegian state-owned company Statkraft have agreed to develop wind farms in the state of Bahia.
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The US Department of the Interior is planning to issue a Request for Interest (RFI) for the development of offshore wind projects on the Gulf of Mexico's outer continental shelf.
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Solar and energy storage developer Intersect Power ?is preparing to launch a debt raise to support its development-stage project pipeline.
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Clearway Energy Group is planning to take first round bids over the coming weeks for the sale of its district energy business.
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A DIF Capital Partners’ infrastructure fund, DIF Infrastructure VI, has agreed to acquire a 298 MW wind project in Oklahoma.
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Ecuador's Ministry of Energy and Non-renewable Natural Resources, which is led by minister Juan Carlos Bermeo, has appointed a deputy minister for power and renewables.
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A consortium of investors led by InterEnergy Group has purchased a 670 MW gas-fired project in Panama, which has been in the works for the better part of the last decade.
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Several term loan B deals trading in PJM Interconnection have taken a dip after clearing prices from the highly anticipated Base Residual Auction (BRA) for delivery year 2022/2023 were announced. But deal watchers say that this is unlikely to have a significant impact on revenues in the long run.
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The Brazilian senate is planning to vote imminently on the proposed sale of Eletrobras.
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Greenbacker Renewable Energy has bought a pair of pre-operational solar projects totaling 20 MW in South Dakota.
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Law firm O’Melveny has hired four energy-focused attorneys from Thompson & Knight as it looks to expand its footprint in Texas.
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Basalt Infrastructure Partners has completed the sale of its Michigan-based electric utility, Upper Peninsula Power Company (Uppco).
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Citigroup's global co-head of infrastructure has left the firm for an opportunity at Antin Infrastructure Partners.
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Norway's state-owned power company Statkraft has received environmental approval to develop a transmission project that will interconnect with a roughly 100 MW portfolio of wind farms in Chile.
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LS Power subsidiary CPower Energy Management has disclosed its demand response capacity results from PJM Interconnection's Base Residual Auction for delivery year 2022/2023.
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7X Energy has sold a 130 MW solar project in Texas to a Korean power company.
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A consortium of investors led by MPC Caribbean Clean Energy has agreed to purchase an operational solar park in the Dominican Republic.
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NextEra Energy Resources has inked a power purchase agreement with a Washington-based electric utility for a portion of the output of a wind farm located in Montana.
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Ares Management Corp has struck a deal to take ownership of a financially troubled gas-fired combined-cycle power plant in PJM Interconnection ?which was financed with a debt package that is due to mature six months from now.
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A subsidiary of Spanish conglomerate Activos en Renta Grupo Corporativo (AR) has secured environmental approval for a 471.29 MW (DC) solar project in the Chilean region of Antofagasta.
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Longroad Energy has refinanced a 27 MW portfolio of commercial and industrial-scale solar projects spread across several US states.
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Brazil’s national development bank BNDES has approved a debt package to support the development of a 68 MW solar park in the state of Piaui, which will be part of a hybrid complex.
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Leeward Renewable Energy has hired a chief operating officer from a Canadian gas distribution company.
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Quinbrook Infrastructure Partners has recruited a managing director from BlackRock to lead a newly launched team that is focused on investment strategies in renewable power and industrial decarbonization.
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MPC Energy Solutions has agreed to acquire a combined-heat-and-power plant that is under construction in Puerto Rico.
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Power producer YPF Luz has brought online the second phase of a 175 MW wind farm in Buenos Aires, Argentina.
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Bakken Energy has partnered with Mitsubishi Power Americas in an effort to acquire the only coal-to-synthetic natural gas production facility in the US and redevelop it as a clean hydrogen hub.
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Atlas Renewable Energy has tapped Spanish firm Elecnor to build a solar park in the Brazilian state of Minas Gerais.
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A managing director in Crédit Agricole's project finance team, who has spent over a decade at the bank, has left for an opportunity at another bank.
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A Blackstone Credit portfolio company has appointed a CEO who last worked at The Carlyle Group's subsidiary Cogentrix Energy Power Management.
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DTE Energy has shuttered one of its last remaining coal plants as it looks to transition away from the fuel source.
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Vistra has reported its results from PJM Interconnection's Base Residual Auction for delivery year 2022/2023.
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A principal at Capital Dynamics has joined an infrastructure start-up that is backed by Google's parent company, Alphabet as well as the Ontario Teachers' Pension Plan.
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Actis has promoted two directors to partner within its global energy infrastructure team.
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Ørsted has secured an offtaker for a 103 MW wind farm in South Dakota.
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Warburg Pincus-backed distributed generation and microgrid start-up Scale Microgrid Solutions (SMS) has bought a distributed microgrid system located in Connecticut.
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CoBank's recently appointed head of project finance, who succeeded Brian Goldstein in April, has left the bank.
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NV Energy is planning to add 600 MW of solar and 480 MWh of energy storage in Nevada as part of its triennial Integrated Resource Plan.
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Greenberg Traurig has appointed a global co-head of its energy project finance practice in Washington, DC.
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SunEast Renewables has found a buyer for a pair of co-located distributed solar projects in Maryland.
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The Inter-American Development Bank (IDB) has approved a $50 million loan to support Chile’s decarbonization strategy.
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Listed US Solar Fund has refinanced a solar portfolio at a less aggressive leverage ratio with the proceeds of a $132 million equity raise as well as a debt package from a regional bank.
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After two years of delays due to uncertainty over the Minimum Offer Price Rule (MOPR), PJM Interconnection has finally concluded its Base Residual Auction (BRA) for delivery year 2022/2023, although the results of the highly anticipated auction have fallen short of market participants' expectations.
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Telecommunications company Claro Brasil has agreed to procure 25 MW (DC) of distributed solar generation in Brazil.
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Colombia’s Mines and Energy Planning Unit (UPME) has awarded a contract for a substation and related transmission lines in the department of Antioquia, after launching a tender in February.
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Laura Beane, the former president and CEO of Avangrid Renewables who joined Engie North America as chief renewables officer last year, has left the company for a new opportunity.
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Catalyst Power Holdings, a portfolio company of BP Energy Partners, has struck a deal to acquire a New York-based energy retailer, marking its second such deal this year.
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Colombia’s Mines and Energy Planning Unit (UPME) is planning to launch two separate procurement processes for a pair of substations and related transmission lines in the country.
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ECP (Energy Capital Partners) has acquired a commercial and community solar developer based in Colorado.
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Telecommunications firm TIM has partnered with Faro Energy to develop 15 small-scale solar projects in Brazil.
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An equity raise is underway for a utility-scale solar and energy storage developer based in Utah.
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A Hong Kong-based buyer has completed the acquisition of a pair of wind farms in Canada, marking its first renewables investment in the country.
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Eco Wave Power has signed a memorandum of understanding (MoU) with Brazil's Pecém Complex to install a wave power station at Pecém Port in the state of Ceará.
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An Indiana-based coal mine owner and operator is planning to develop up to 1 GW of renewables-powered generation near the site of a coal mine that is retiring in the next couple of years.
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PSEG Power has shuttered the last coal-fired power plant in its fleet, marking the completion of its long-term coal exit strategy.
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A buyer has emerged for a natural gas pipeline and storage developer based in the Northeastern US, following a competitive auction process.
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BP has agreed to acquire about 9 GW of development-stage solar projects spread across 12 US states from 7X Energy.
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Chilean developer Biwo Renewables has begun the permitting process for a 5.1 MW solar project – the sixth small-scale facility that it has started working on this year.
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Orrick has recruited a tax attorney from Kirkland & Ellis as it expands its renewable energy finance practice.
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Chile's Lo Barnechea municipality in Santiago has inked a power contract for a portion of the output of the 210 MW Cerro Dominador concentrated solar thermal project in the Atacama desert.
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Brazil’s Petrobras has sold its interest in the 26 MW Mangue Seco 2 wind farm to the Tradener Group's FIP Pirineus fund.
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NordLB's Sondra Martinez, CohnReznick Capital's Conor McKenna, Convergent Energy + Power's Frank Genova and Kirkland & Ellis's Brian Greene discuss the latest developments in the energy storage market.
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Engie Energia Chile has signed a three-year extension to its existing supply agreement with copper and gold mining company Minera HMC.
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UK-based investment firm VH Global Sustainable Energy Opportunities (GSEO), which went public in January, has agreed to finance a distributed generation solar portfolio in Brazil.
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A pair of sponsors is nearing financial close on a roughly C$1.2 billion debt refinancing for a wind project located in Ontario.
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Public Service Company of New Mexico (PNM) has launched two requests for proposals, which collectively seek up to 700 MW of generation by June 1, 2023.
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Global Infrastructure Partners is seeking a buyer for its minority stake in the 15 mtpa Freeport LNG export facility on Quintana Island, near Freeport, Texas.
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Spain's EDP Renewables has agreed to buy a 628 MW wind and solar portfolio in Chile, marking its entrance into the Chilean market.
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Venture Global LNG is planning to install carbon capture and sequestration (CCS) equipment at two at of its liquified natural gas facilities in Louisiana.
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Ørsted has secured an offtaker for a 103 MW wind farm in South Dakota.
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Citi's former North American head of commodities finance and credit solutions is taking up a new role at a Durham, North Carolina-based holding company focused on the energy transition.
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D.E. Shaw Renewable Investments (DESRI) has closed a $200 million debt package for a solar project in Illinois.
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The UK's Amber Infrastructure Group has expanded the scope of its US activities with the launch of Circle Power Renewables, a developer focused on solar, wind and battery storage projects.
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SB Energy, the renewables division of SoftBank, has clinched construction debt and tax equity financing for a pair of solar projects located in California.
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Developer Eurus Energy America has reached financial close on a roughly 80 MW portfolio of PMGD (Pequeños Medios de Generación Distribuida) solar projects in Chile.
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