Energy
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Atlas Energy Solutions has appointed Blake McCarthy as its chief financial officer, effective 13 May 2024, PFR has learned.
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Miami-based financial advisory firm Atlantico Capital Partners has hired Juan Francisco Toro as managing director and Juan Pablo Hernández as vice president of its Mexico City office.
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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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A trio of Boston-based energy investors has launched Inyarek Partners to develop energy transition assets, completing its inaugural investment into renewable natural gas (RNG) platform Redtail Renewables.
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Andros Capital Partners has closed its second energy fund – Andros Energy Capital II – at its $750 million hard cap.
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Priority Power Management, an energy optimization and infrastructure business backed by Oaktree Capital Management and Ara Partners, refinanced its existing debt and increased its credit facility from $85 million to $250 million.
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Enbridge, the Canadian energy giant, has bolstered its position in North American renewables with the acquisition of Tri Global Energy (TGE) for $270 million in cash and assumed debt.
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The European Investment Bank (EIB) and the Inter-American Development Bank (IDB) have signed a mutual reliance agreement, allowing the multilaterals to improve cooperation on climate-resilient infrastructure and energy projects in Latin America.
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Colombian business regulator Superintendencia de Sociedades de Colombia has approved the planned merger of Enel’s Colombian subsidiaries.
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Vibra Energia – the Brazilian fuels distributor previously known as BR Distribuidora – plans to exercise a purchase option to acquire a controlling stake in power trader Comerc.
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New York Stock Exchange-listed Kayne Anderson Energy Infrastructure Fund has obtained a $200 million unsecured revolving credit facility.
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JP Morgan’s Infrastructure Investments Fund (IIF) has inked a deal to acquire South Jersey Industries (SJI) in a deal valued at $8.1 billion.
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Brazilian law firm Fialho Salles has promoted project finance lawyer Ricardo Rondino to partner.
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The Latin America-focused Ashmore Andino III Fund has held a first close at COP664.15 million ($168 million).
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The University of Florida (UF) is expected to issue a final request for proposals (RFP) for its energy P3 in the coming months, with a proposal deadline of September 2022.
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The University of Louisville (UofL) is seeking a private partner to finance, operate and maintain its steam, chilled water, electrical and related distribution systems.
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The Brazilian state of Rio Grande do Sul has announced an auction for its electricity generation company, CEEE-G.
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Howard Stern has retired from Northwestern Mutual after spending more than 21 years at the firm.
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Biopharmaceutical company Pfizer has signed a virtual power purchase agreement for at least 310 MW of solar generation to power its North American operations.
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Power Finance & Risk is pleased to announce the short list for the following award: Project Bond of 2020.
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Power Finance & Risk is pleased to announce the short list for the following award: M&A Deal of 2020.
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Power Finance & Risk is pleased to announce the short list for the following award: Canadian Deal of the Year 2020.
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Power Finance & Risk is pleased to announce the short list for the following award: District Energy Deal of 2020.
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Power Finance & Risk is pleased to announce the short list for the following award: Transmission Deal of 2020.
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Power Finance & Risk is pleased to announce the short list for the following award: Term Loan B of 2020.
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Actis Energy has completed fundraising for its fifth fund with $4.7 billion in commitments, as well as co-investment capital bringing the total figure raised up to $6 billion.
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British renewables investor Greencoat Capital has launched in the US with the opening of offices in New York and Chicago ahead of a tipped fund launch.
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French water, waste and energy management group Veolia has started commercial operations at a 12.4 MW biogas complex in Brazil.
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A portfolio company of Toronto-based infrastructure investment firm Instar Asset Management has closed a $53 million credit facility to finance a fleet of district energy systems in Canada.
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Colombian developer Empresas Publicas de Medellin (EPM) has received permission from the national finance ministry to raise funds for its 2021-2023 planned investments.
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DTE Energy has brought forward the deadline for ceasing coal use at the Belle River Power Plant in Michigan by two years.
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Sunrun has increased the size and reduced the pricing of its non-recourse warehouse loan with a syndicate of eight financial institutions.
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Leeward Renewable Energy has inked a power purchase agreement with a community choice aggregator for the full output of a solar-plus-storage project in California.
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Renewables project finance enthusiasts flocked to a secluded conference center in midtown Manhattan earlier this week for REFF Wall Street 2021, after being deprived of events to attend over the last year-and-a-half. PFR editor Taryana Odayar and reporter Alfie Crooks were on site to catch the goings-on.
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Mexico’s President Andrés Manuel López Obrador (AMLO) has put forward an initiative that would reform the country’s constitution as it pertains to the power sector, in an effort to strengthen state-owned energy companies.
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While some debt investors have grown increasingly comfortable financing merchant solar assets over the last few years, many market watchers at REFF Wall Street 2021 remain unconvinced that the attractive yields to be gained by taking on merchant exposure outweigh the associated risks.
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Conference goers at REFF Wall Street 2021 in New York this week applauded the tremendous volume of investments in the renewables space over the last year-and-a-half, despite the disruption wrought by the Covid-19 pandemic, but some warned that there could be "surprises down the road" as a result of the rapid buildout of the asset class.
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Deal watchers have observed that solar project owners are increasingly buying out the tax equity investors in their projects or arranging for third-parties to take their place, as several projects pass their tax credit recapture periods.
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The Bureau of Ocean Energy Management (BOEM) is preparing to launch an environmental review of an offshore wind project being developed by a 50:50 joint venture between Shell New Energies and EDF Renewables North America (EDFRNA), off the coast of New Jersey.
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Sidewalk Infrastructure Partners has raised $190 million in capital from a single limited partner.
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