Equity
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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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Goldman Sachs Renewable Power (GSRP) has wrapped a $655.9 million debt package for its recently acquired Slate solar-plus-storage project in California.
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Capital Dynamics has found a buyer for a stake in a 100 MW/400 MWh standalone battery storage project in California.
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Recently, it seems that every day brings blank check company news, whether it’s an initial public offering or a merger. But could a privately held renewable energy project developer go public this way by the end of the year?
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One of the first pieces of advice a retail stock investor receives after opening their first brokerage account or downloading the Robinhood app is not to try to “time the market.” But in corporate finance – especially during weak markets – timing is everything. If a window of opportunity opens after a period of volatility, you go for it.
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Spanish renewable energy developer Cox Energy has begun the regulatory process to list its Cox Energy Americas subsidiary on Mexico's Bolsa Institucional de Valores stock market.
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TC Energy has made an equity investment in Turning Point Generation, a company that is developing up to 400 MW of pumped hydro capacity in Alberta.
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While yield-hungry investors of all stripes are viewing distributed, small-scale solar companies ever more favorably, the founders and management of the target companies are finding that there are attractive alternatives to selling stakes in their businesses outright.
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Montana utility NorthWestern Energy is seeking approval to acquire for $1 a 25% stake in unit 4 of the 2,094 MW Colstrip coal-fired plant.
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Clearway Energy has launched a public offering of common stock to raise the funds it needs to acquire the Carlsbad Energy Center from its sponsor, Global Infrastructure Partners.
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The private equity sponsor of a Texas wind project with non-utility power purchase agreements has secured construction financing from a European bank.
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Renewables yield company Pattern Energy Group has confirmed that it has drawn interest from third parties following a report that it was considering takeover offers.
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Brazilian state-controlled Petrobras is studying the creation of a subsidiary for some of its power plants with a view to divesting them through an initial public offering.
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Ares Management has sealed an equity commitment from a European infrastructure fund manager for its Hill Top Energy Center gas-fired project in Pennsylvania.
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Indeck Energy reached financial close today on its $1 billion Niles Energy Center in Cass County, Mich., including floating and fixed-rate project finance debt.
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AltaGas sold its 50% stake in a 29.04 MW wind project in Huerfano County, Colo., for $16 million after sale to an independent power producer linked to the project’s utility offtaker won regulatory approval.
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Siemens Corp. has hired an attorney who was previously a partner at a New York law firm as a senior in-house counsel specializing in project finance equity investments.
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AES Tietê has made a bid to acquire the 400 MW Alto Sertão III wind complex from Brazilian developer Renova Energia along with a 1.1 GW pipeline of other wind projects in development.
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In October, PFR teamed up with Fitch Ratings and Orrick to host a candid discussion on the challenges and opportunities for financing America’s nascent offshore wind industry. Experts covered everything from debt pricing to offtake structures and the full report is in this week’s issue.
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An unidentified party, rumored to be Canada's Algonquin Power & Utilities, has abandoned its effort to outbid Oncor Electric Delivery Company to acquire Texas utility InfraREIT.
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NextEra Energy has signed a deal to to acquire the Trans Bay Cable underwater transmission system in California from SteelRiver Infrastructure Fund North America and its partners.
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Pattern Energy Group, the yield company of Pattern Development, and Capital Power have agreed to sell their one-third stakes in the 270 MW K2 wind project in Ontario.
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In September, PFR and Mayer Brown teamed up to bring together a panel of tax equity experts to review the latest developments and innovations in this fascinating area of renewable energy finance, as well as the outlook for the coming years. Check out the full transcript.
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Regulatory filings reveal that Invenergy purchased a short position on the equity it sold to Caisse de dépôt et placement du Québec (CDPQ) in April, with a remaining shelf life of just over two months.
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AltaGas has raised about $874 million by floating a portfolio of Canadian utility and power assets and loading the newly listed spin-off with debt.
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Enel Green Power has reached financial close on its 1.8 GW renewables portfolio in Mexico, selling equity to institutional investors and raising around $605 million of project debt, some two years after obtaining power purchase agreements and with some of the projects already online.
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With sale processes for several gas-fired assets underway in Texas, deal watchers say more could end up going under the hammer following a summer of high power prices in the state.
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An independent power producer tapped an investment bank earlier this year to auction off a merchant dual-fuel facility in Massachusetts.
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As the sale process for a pair of gas-fired assets in Queens, N.Y., heads toward a second round of bidding, deal watchers see varying levels of interest in the two assets.
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Apollo Global Management has emerged as the buyer of a mostly U.S. portfolio of GE Energy Financial Services' equity holdings, following a competitive auction.
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