Generation
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Renewables operator ERG has closed on its acquisition of a 75% stake in a 317MW solar and wind portfolio with Apex Clean Energy.
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Brazilian developer 2W Ecobank has reached financial close on phase 2 of its Kairos wind project located in the state of Ceará.
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Alberta, Canada-based Capital Power has cancelled its $2.4 billion Genesee carbon capture and storage (CCS) project after determining the project was not financially viable.
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AES Brasil has raised R$900 million ($176m) in debentures for projects belonging to the company’s Cajuína wind complex.
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The Bureau of Ocean Energy Management (BOEM) has released 2 proposed sales for 18GW of offshore wind energy areas off the coast of Oregon and the Gulf of Maine.
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Norwegian power company Statkraft will invest R$926 million ($178m) to transform 2 wind projects into hybrid complexes.
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Former Fengate Asset Management director Vince Castranovo has been hired by Calpine as vice president, corporate development.
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Houston-based independent power producer WattBridge Energy has hired Steven Sneed as commercial director.
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The New Jersey Board of Utilities (NJBPU) has opened the application process for its fourth offshore wind solicitation, targeting up to 4GW.
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The New York State Energy Research Development Authority (NYSERDA) has awarded conditional agreements to utility-scale onshore renewables projects totalling 2.4GW.
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The Nordex Group and has appointed Manav Sharma as chief executive, North America to lead the wind turbine maker’s expansion in the US.
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Petrobras has signed a memorandum of understanding (MoU) with the government of the state of Rio Grande do Norte in Brazil for offshore wind generation.
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Ocean Power Technologies’ corporate controller, treasurer, and principal accounting officer, Joseph DiPietro, has left the company, PFR has learned.
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Construction and development firm Skanska has been awarded an $861 million contract to develop an offshore wind port at the South Brooklyn Marine Terminal (SBMT).
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The Governor's Energy Office of Maine has released a request for information (RFI) regarding the state's first utility-scale offshore wind auction, totalling 3GW.
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YPF Energía Eléctrica (YPF Luz) is planning to develop the company’s fifth wind project in Argentina.
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Evergy has closed on the acquisition of a 22.2% stake in the 655MW natural gas-fired Dogwood Energy facility.
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Axium Infrastructure’s Coachella subsidiary will sell its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
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The Bureau of Ocean Energy Management (BOEM) has issued a 5-year offshore wind leasing schedule that will see 12 offshore wind energy lease sales through 2028.
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Greenbacker Renewable Energy Company has closed its sale-leaseback deal with Huntington National Bank, securing $437 million to finance the repowering of a 3 asset wind portfolio.
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The New York State Energy Research and Development Authority (NYSERDA) plans to deploy $500 million in investment commitments to establish an offshore wind supply chain in New York State.
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The Department of Energy (DOE) has awarded $1.93 billion in qualifying advanced energy project tax credit allocations – known as 48C tax credits – to 35 projects focused on renewable manufacturing and greenhouse gas emission reduction.
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Southwest Gas has closed on its near $300 million initial public offering (IPO) of subsidiary Centuri Holdings.
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Brazilian conglomerate Brasal is issuing R$170 million ($33 million) in debentures for a hydroelectric project in Brazil.
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The Government of São Paulo has sold its shares in Empresa Metropolitana de Águas e Energia (Emae) placing the power company in private ownership.
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Clearway Energy Group has closed a $174 million project financing and finalised a power purchase agreement (PPA) for its Dan's Mountain wind farm in Western Maryland.
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The New York State Energy Research and Development Authority (NYSERDA) has closed its 2022 solicitation tender with no final awards given after GE Vernova "caused material changes" by changing its turbine design for the projects.
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New England states have jointly-submitted applications to compete in the second round of the Department of Energy (DOE)’s Grid Innovation Program (GIP) which has $1.82 billion to award.
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An Arizona federal judge has rejected a request by Native American tribes and environmental groups to halt the construction of Pattern Energy's SunZia project.
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Asset management firm Connor, Clark & Lunn Infrastructure (CC&L) has closed on the acquisition of an 80% stake in the Sharp Hills wind farm from EDP Renewables Canada (EDPR Canada).
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Engie North America has inked an agreement to develop 12 renewable projects totalling 15GWh to power the facilities of technology and science company RTX.
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HASI has amended and extended its corporate unsecured credit facility with 14 banks to $1.65 billion, including a revolving line of credit, term loan A, and Green Commercial Paper Note Program (CarbonCount Green CP).
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Colorado-based renewables company Scout Clean Energy has signed a 12-year virtual power purchase agreement (VPPA) with Zoetis for a 50MW portion of its Heart of Texas wind farm.
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PPL Corporation's CEO told the room of power executives at S&P's Global Power Market Conference 2024 that more natural gas power is needed despite a focus on renewables.
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Brazilian power generator Eneva will issue R$2.5 billion ($475 million) in debentures to refinance assets.
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Nova Clean Energy has acquired HyFuels, a 1GW mid-to-late-stage wind and solar development that also contains an early-stage green ammonia project on the Texas Gulf coast.
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NextEra Energy has entered into an offtake agreement with wholesale power provider Guzman Energy and local electric cooperative Holy Cross Energy (HCE) for 100% of the capacity of its 200MW Bronco Plains II wind project in Colorado.
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Copenhagen Infrastructure Partners (CIP) has acquired Liberty Renewables and its 1.3GW pipeline of onshore wind projects in New York State.
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Vinci Group has acquired a minority stake in NatPower SA, a renewable energy developer which operates in Italy, the UK, and the US, in a deal valued at €50 million ($53m).
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Consumers Energy – Michigan’s largest power provider – has entered an agreement to provide electricity to 44 Walmart stores in the State.
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California Independent System Operator (CAISO) has announced that 2 of the offshore wind-related transmission processes will be part of a May 2024 competitive transmission procurement.
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The US offshore wind sector continues to gain momentum with the latest round of regulatory approvals as financiers begin to prep the paperwork to fund these mega projects.
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Peru’s Ministry of Energy and Mines (MINEM) is readying 26 renewable energy projects to be built in the coming years.
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Denmark's Investment Fund for Developing Countries (IFU) is providing an additional €7 million ($7.6m) to the 94MW Ouro Branco and Quatro Ventos wind complex in Brazil, due to an expansion of the project and unexpected delays.
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Engie has signed a virtual power purchase agreement (VPPA) with Sonoco, a sustainable packaging company, for 140MW of its 270MW Big Sampson Wind Project, which is under construction in Texas.
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Nuclear technology company Oklo has signed a long-term power purchase agreement (PPA) for a 50MW project with major oil producer Diamond Energy.
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Alternus Clean Energy, a utility-scale independent power producer, has entered a joint venture partnership with Acadia Energy to develop 200MW of microgrid projects in New York State.
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Spanish infrastructure builder and operator Elecnor won approval to build a 284MW wind farm and associated infrastructure in the Chilean region of Los Lagos.
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Granite Shore Power has announced the retirement of its 439MW Merrimack coal plant in 2028, marking the end of the last operating coal plant in New England.
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Rockland Power will up its stake in the 237MW Eagle Point Power Generation plant by 13%, PFR has learned.
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The Bureau of Ocean Energy Management (BOEM) has given a Record of Decision (ROD) to Avangrid for its New England Wind lease area, the penultimate permit approval needed to construct its 2.6GW offshore wind projects.
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EDF Renewables Brasil and Serena Geração have completed the share swap of their stakes in the Pirapora Solar Complex and the Ventos da Bahia wind farm.
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Natural gas utility Atmos Energy has entered into 2 revolving credit facilities totaling $3 billion, PFR has learned.
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Natural gas giant CPS Energy will acquire Talen Energy Corporation’s approximately 1,710MW generation portfolio, including natural gas plants in Corpus Christi and Laredo, Texas.
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Brazilian utility Cemig is selling its 45% share in power generation company Aliança Energia to mining company Vale, making Vale the sole owner of Aliança.
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Brazilian developer 2W Ecobank has secured long-term financing for the second phase of its Kairós wind complex located in the state of Ceará.
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Shell North America has sold its 50% stake in the 2.4GW proposed SouthCoast Wind project with its joint venture partner Ocean Winds North America.
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Ørsted, Avangrid, and Vineyard Offshore among bidders of the 6GW to Massachusetts, Connecticut, and Rhode Island for the states' combined New England auction.
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The Department of Energy's (DOE) Loan Programs Office (LPO) has awarded energy equipment supplier Holtec $1.52 billion to restore its 800MW Palisades nuclear-generating station in Michigan.
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Neoenergia has signed a memorandum of understanding (MoU) with the government of Rio de Janeiro to support the development of offshore wind projects.
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Southeast PowerGen will sell both its 386MW MPC Generating Power Plant and its 692MW Sandersville gas-fired sites to Gulf Pacific Power, PFR has learned.
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The Bureau of Ocean Energy Management (BOEM) has approved Ørsted's 924MW Sunrise Wind project off the coast of New York, making it the seventh utility-scale offshore wind project approved under the Biden-Harris administration.
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Natixis Corporate & Investment Banking has closed a $900 million letter of credit with Invenergy to fund its project development pipeline of utility-scale wind and solar projects, as well as battery storage systems.
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EDP Renewables North America (EDPR NA) and superstore megachain Walmart have inked a 15-year power purchase agreement (PPA) for part of a 180MW solar project in Texas.
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Elawan Energy landed financing from the Northeast Development Fund (FDNE) for a wind project the company is developing in Brazil.
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Clean power developer Leeward Renewable Energy (LRE) has appointed Nate Graham as chief technology officer.
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Spanish developer Grenergy has completed the sale of wind assets in Peru to Engie Energía Perú.
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The Department of Energy (DOE) has awarded $475 million in funding for 5 projects that feature renewable development on former mining lands. The projects are located across Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia.
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Invenergy has closed $1.27 billion in construction financing with Natixis Corporate & Investment Banking (CIB) on 4 renewables projects in Kansas and Texas, totalling 677MW.
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Ørsted continues leadership changes after suffering significant impairments in 2023 from US offshore wind projects with the hire of Rasmus Errboe as deputy chief executive officer and chief commercial officer.
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InfraRed Capital Partners has closed its purchase of shares in 2 utility-scale onshore renewables projects from Shell's US subsidiaries, Shell Windenergy and Savion, for $166 million.
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Chilean developer Viento Verde is planning to expand an existing wind project that was approved in 2015.
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The Bureau of Ocean Energy Management (BOEM) has proposed a second offshore wind lease sale for the Gulf of Mexico. The sale includes 4 sites off Louisiana and Texas which have the potential to power up to 1.2 million homes.
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New Fortress Energy (NFE) has completed the acquisition and transfer of a 1.6GW capacity reserve contract from Ceiba Energy, a company of Denham Capital.
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UAE state-owned developer Masdar is set to acquire a 50% stake in US-based independent renewable energy power producer Terra-Gen Power from Energy Capital Partners (ECP).
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Fiera Infrastructure Private Debt has joined Nomura Securities in a $200 million financing for Spanish developer Greenalia's 3GW wind and solar project pipeline in the US.
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Babcock & Wilcox's (B&W) thermal subsidiary has signed a $246 million agreement to complete a 1GW coal-to-natural gas conversion project.
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New Fortress Energy has sold a pair of emergency gas-fired power plants the company built last year on behalf of US Army Corps of Engineers.
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Partners Group subsidiary Exus North America has closed on its acquisition of onshore wind projects from Dutch commodity trader Vitol and Oppidum Green Energy.
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King & Spalding has hired an energy-focused tax partner for its New York-based corporate practice group.
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The Bureau of Ocean Energy Management (BOEM) has finalised a Wind Energy Area (WEA) in the Gulf of Maine, which has a potential 32GW capacity.
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French energy company Engie has received the approval to move ahead and start construction of its Pemuco wind project in Chile.
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Power producer SCC Power has completed the expansion and conversion to combined cycle of the San Pedro power plant in Buenos Aires province.
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Sempra Infrastructure has reached a final investment decision (FID) for the $550 million Cimarron wind project the company is developing in Baja California, Mexico.
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Ørsted's 132MW South Fork Wind is the first utility-scale offshore wind project to become fully operational in the US. The achievement comes after nearly a decade of industry struggles since the first large-scale transmission farm, Cape Wind, failed in 2015.
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Reformed Energy is to receive a strategic investment from Riot Platforms to fully commercialise its waste-to-energy technology.
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Spanish renewable developer Solarpack has appointed José Luis García Pérez as chief executive for Latin America, based in Santiago, Chile.
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Nuclear power plant operator Constellation Energy has offered $900 million in green senior notes due 15 March, 2054, PFR has learned.
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Enel Americas and Enel Perú have landed approval for the $1.4 billion sale of their Peruvian generation assets to Actis-owned Niagara Energy.
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Danish developer Ørsted has agreed to sell its stakes in a 957MW operating wind portfolio in the US to Stonepeak for about $300 million.
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Vistra Corporation has closed on the sale of the Richland and Stryker power plants to Rockland Capital, one of the final puzzle pieces in the closing of its $6.3 billion merger with Energy Harbor.
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The former co-founder and chief financial officer of OKRA Finance has been appointed as the head of transactions and finance at renewable energy tax credit marketplace Reunion.
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A consortium of insurance companies has agreed to acquire a 76.5MW biomass-fuelled power plant sited in Berlin, New Hampshire, PFR has learned.
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Mining company SolGold has signed a memorandum of understanding (MoU) with renewables developers to construct a 200MW hydro-solar project to power its Cascabel Project in Northern Ecuador.
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Renewables developer Genneia is planning to issue green bonds for a duo of solar and wind projects in Argentina.
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Canadian power company TransAlta has signed 10-year tax credit transfer agreements for 2 Oklahoma-based wind projects totalling 500MW.
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Chevron New Energies is set to develop a 5MW hydrogen production and solar project on its existing oil field in California's Central Valley.
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The Government of Canada has closed its second green bond issuance, a C$4 billion ($2.9 billion) 10-year green bond, becoming the first sovereign borrower to issue a green bond that includes nuclear expenditures.
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Engie North America has signed 3 tax equity financing agreements totalling $1 billion with JP Morgan, Goldman Sachs, and BNP Paribas. The financing covers 6 renewable energy projects, including 950MW of solar and 353MW of wind.
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The largest clean energy infrastructure project in US history was closed just before we started the new year. Pattern Energy inked $11 billion in financing for its 500+ mile transmission line connecting more than 3.5GW of stranded wind resources – SunZia.
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The New York State Energy Research and Development Authority (NYSERDA) has issued conditional agreements for 2 offshore wind projects in its fourth offshore wind solicitation: 810MW Equinor-owned Empire Wind 1 and Ørsted & Eversource-developed 924MW Sunrise Wind.
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Renewables developer Casa dos Ventos has contracted an offtaker for the operational Rio do Vento wind complex in Brazil.
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The Department of Energy (DOE) has conditionally awarded $366 million to 17 projects that aim to improve the transmission and electrical distribution of power in rural and remote areas across the US.
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The government of Mexico and Iberdrola have formally closed government-backed Mexico Infrastructure Partners’ (MIP) $6.2 billion acquisition of a majority stake in the Spanish company’s Mexican portfolio.
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Colombia power company Celsia is considering selling a duo of wind projects located in the department La Guajira, Colombia.
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The Bureau of Ocean Energy Management (BOEM) has released the final environmental review of the 2.6GW New England Wind project off Massachusetts. The project is owned by Park City Wind, a subsidiary of Avangrid, and is expected to power over 900,000 homes.
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Capital Power has closed on its acquisition of 2 contracted combined-cycle US gas generation facilities from Beal Financial Corporation subsidiary CSG Investments.
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The Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan (COP) of 800MW Empire Wind 1, an offshore wind farm owned by Equinor in the New York Bight region. The BOEM's decision was the final step before the project could commence construction.
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Florida Municipal Power Agency (FMPA) has closed on the first of 3 project acquisitions totaling 339 MW natural gas-fired capacity, from numerous utilities, PFR has learned.
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Infrastructure and real assets-focused investment firm Stonepeak will acquire a 50% interest in Dominion Energy’s Coastal Virginia Offshore Wind project.
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NorthRenew Energy is to sell its Arco Wind and Solar facility to US-based grid operator PacifiCorp.
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The Federal Economic Competition Commission (Cofece) has conditionally approved the acquisition of a majority stake in Iberdrola's Mexican portfolio by government-backed Mexico Infrastructure Partners (MIP).
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French energy business TotalEnergies has closed on the $635 million acquisition of 3 gas-fired power plants in Texas from TexGen, PFR has learned.
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Allete has expanded its 5-year US green energy investment plan by $1 billion alongside its successful 2023 revenue reports. The plan now includes $4.3 billion for its utility division, Minnesota Power, to grow its renewable energy exposure.
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Against challenging clean energy targets the US offshore wind energy continues to forge ahead. Since the start of the Biden-Harris administration, the Department of the Interior has approved the nation's first 6 commercial-scale offshore wind energy projects.
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A subsidiary of the Spain-based renewables developer Greenalia has closed $200 million in 3-year credit facilities to support its US solar and wind project pipeline.
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Macquarie Asset Management has today (20 February) agreed the sale of Lordstown Energy Center to Arclight Capital vehicle ArcLight Fund VII.
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Electricity and power generation company Vistra has received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor. It is the final approval needed in a $6.3 billion merger that will rebrand Vistra as renewables mega firm Vistra Vision.
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Allete Power has issued a request for proposals (RFP) for up to 400MW of wind energy to come online by the end of 2027.
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Asset management firm Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) will acquire a majority stake in the Sharp Hills wind farm from EDP Renewables subsidiary EDP Renewables Canada (EDPR Canada).
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The Bureau of Ocean Energy Management (BOEM) has designated 2 final Wind Energy Areas (WEAs) offshore Oregon as it moves closer to a lease sale.
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Eversource Energy has agreed to divest to Global Infrastructure Partners (GIP) its 50% stake in its remaining 2 offshore projects that are co-owned with Ørsted.
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Amazon has signed a power purchase agreement (PPA) to source energy from an Avangrid wind farm located in Gilliam County, Oregon.
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Sandow Lakes Energy Company is preparing to construct a 1.2GW natural gas-fueled power plant in Texas.
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To bolster California's offshore wind industry state legislators proposed a $1 billion bond act to help pay for the expansion of ports.
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Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), has closed on the sale of an 18% ownership stake in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.
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Portland General Electric (PGE) closed on its acquisition of a 208MW stake in the Clearwater Wind Farm from developer NextEra, PFR has learned.
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Industrial power company One Energy Enterprises has appointed Tom Russell as its chief financial officer (CFO) ahead of its New York Stock Exchange (NYSE) listing.
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Argentine power generator Albanesi Energía is planning to issue bonds in the local market, scheduled for 14 February 2024.
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Portland General Electric (PGE) has called for bids on clean dispatchable capacity via an all-source request for proposal (RFP).
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Renewables company BrightNight has made 2 senior-level appointments to its asset management and construction teams.
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Serena - formerly Omega Energia - has received financing from Sudene’s Northeast Development Fund (FDNE) for its Assuruá 5 wind project in Brazil.
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Scout Clean Energy, a Brookfield Asset Management portfolio company, has signed a virtual power purchase agreement (VPPA) with not-for-profit healthcare system manager AdventHealth for 90MW from a Texas wind farm.
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Avangrid is readying its first renewable energy project in Oklahoma, the 147.5MW Pontotoc Wind project.
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Swedish industrials business SKF has signed 2 Renewable Energy Certificate (REC) purchase agreements in North America.
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Renewable energy provider Cordia has closed on its acquisition of Pittsburgh, Pennsylvania-sited energy systems from Essential Utilities for $165 million.
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Spanish renewable developer Grenergy is offloading 174MW of wind and solar assets the company owns in Peru.
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Dominion Energy has secured final approval from the Bureau of Ocean Energy Management (BOEM) for the construction and operations of its 2.6GW Coastal Virginia Offshore Wind (CVOW) project.
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Nuclear company Westinghouse has hired former vice president of strategy and innovation at Kairos Power, Lou Martinez Sancho, as its chief technology officer.
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Canadian independent power producer Innergex Renewable Energy, along with its community partners, has won 2 wind projects totaling 400MW in Hydro-Québec's request for proposals (RFP).
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Utility-scale developer RedWind Renewables has sold 2 250MW solar PV and BESS projects to global renewable energy business Greenvolt Power.
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Danish energy company Ørsted has terminated its offtake agreement with the state of Maryland for its 2 Skipjack Wind projects as it re-evaluates project plans amid current market conditions.
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BP and Equinor have divided their offshore wind joint venture projects with BP claiming full ownership of Beacon Wind and Equinor taking ownership of Empire Wind.
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The New York State Energy Research and Development Authority (NYSERDA) has closed its solicitation process for its fourth offshore wind auction. Several companies have announced their proposals, including Equinor, RWE, National Grid, and Ørsted.
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Renewables developer Swift Current Energy has upsized its $225 million revolving credit facility to $312.5 million to fund its US project pipeline.
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Potengi Holdings, a joint venture between AES Brasil and food processing company BRF, is planning to issue bonds for wind projects in Brazil.
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Ørsted is to become the sole owner of the 924MW Sunrise Wind project after buying out joint venture partner Eversource Energy.
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Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), is diluting its interest in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.
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Consortiums led by Invenergy and TotalEnergies were awarded offshore wind projects with conditional contracts of 3.74GW capacity as the New Jersey Board of Public Utilities (NJBPU) closes its third-round tender.
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Actis-backed power generation company Valia Energía has issued $530 million in project bonds in Mexico.
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Chilean utility Colbún is planning to add a 360MW wind project to its development pipeline in Chile.
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Updated to include:
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Chile’s Inversiones Latin America Power (ILAP) has successfully completed its Chapter 11 restructuring process.
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RWE Clean Energy has promoted Andrew Flanagan, the company's former chief development officer, to chief executive.
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Large nuclear plants may overtake previously trending small modular reactors (SMRs) in the market as both private and federal funds are zeroing in on the sector to meet ever-growing grid demand.
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The Bureau of Land Management (BLM) will begin the first of 8 oil and gas lease sales this year with the auction of 19 Wyoming-sited parcels covering 13,858.91 acres on 5 March.
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Capital Power Corporation and Ontario Power Generation (OPG) have joined forces to assess the development of grid-scale, small modular reactors (SMR) in Alberta, Canada.
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Argentine renewables developer Hychico has submitted a wind project for environmental review in Chile.
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Partners Group subsidiary Exus North America has agreed to purchase Dutch commodity trader Vitol’s 244MW Pennsylvania-based 3-project wind portfolio, PFR has learned.
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LS Power has agreed to acquire an 810MW natural gas-fired power plant sited in Gettysburg, Pennsylvania from an affiliate of Platinum Equity.
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Casa dos Ventos and ArcelorMittal have landed financing from development bank BNDES for a wind complex they are co-developing in Brazil.
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Macquarie-backed Galehead Development has hired Dru Steubing, the former vice president of development at Apex Energy, as chief development officer.
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GE-owned power plant EFS Parlin has closed on the sale of all of its interconnection rights and started the decommissioning process of its 123.5MW natural gas facility following bankruptcy.
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The Bureau of Ocean Energy Management (BOEM) has drafted the environmental review of future development on the six lease areas awarded in the New York Bight tender in 2022.
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Investment firm Fibra Orión has acquired a wind project located in Mexico, marking the firm’s first energy investment.
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Meridian Clean Energy has upped its stake in 850MW simple-cycle natural gas plant Sentinel Energy.
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Green data center developer Digital Power Optimization (DPO) has closed a power purchase agreement (PPA) with an unnamed multinational renewables developer with over 150MW wind farms in Texas.
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Miami-based Atlas Renewable Energy is adding a wind project to its renewable development pipeline in Chile.
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Pan American Energy (PAE) has secured a R$1.1 billion ($224 million) long-term debt package for the company’s Novo Horizonte wind complex in Brazil.
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Energy giants Equinor and BP have canceled their power purchase agreement (PPA) with New York to provide 1.26GW from the proposed Empire Wind 2 project.
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Renewables operator ERG has agreed to partner with independent US green power company Apex Clean Energy Holdings to manage and potentially expand a currently operating portfolio of wind and solar projects.
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Brazil’s Eletrobras has closed the sale of the last coal-fired power plant the company owns in the country.
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Capital Power has completed its $97.5 million acquisition of the Frederickson 1 Generating Station from Atlantic Power & Utilities.
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New Fortress Energy (NFE) has entered a definitive agreement to acquire a 1.6GW capacity reserve contract — PortoCem PPA — from Denham Capital-backed Ceiba Energy.
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Eneva has landed more than R$1 billion ($206 million) in financing for a gas-fired power plant the company is developing in Brazil.
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Global Partners has completed the acquisition of 25 liquid energy terminals from Saudi Aramco-subsidiary Motiva Enterprises.
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The state of Delaware has begun official negotiations with offshore wind developer US Wind, which is developing two wind farms off Maryland, to provide lease areas for the farms' undersea cables and onshore substations.
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Siemens Energy has signed a memorandum of understanding with Santa Clara, California-based fast fission clean power company Oklo to become its preferred supplier as it scales up its advanced fission power plants.
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Hull Street Energy has closed on a $160 million credit facility to finance its 855 MW Milepost Power Texas portfolio, Mesquite Generation.
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Crescent Point Energy has closed on its acquisition of Canadian Riverstone Holdings-owned oil and gas business Hammerhead Energy.
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Spanish independent power producer Ecoener has signed power purchase agreements with the government of Ecuador, marking the firm’s entry into the Ecuadorian market.
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Cadiz has received the final regulatory nod from the US Bureau of Land Management (BLM) to complete its acquisition of the 220-mile pipeline from El Paso Natural Gas (EPNG).
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Electricity distributor and hydro developer Luz del Sur has agreed to acquire a pair of operational wind projects in Peru.
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Spain’s Grenergy and Germany’s Energy Kitchen are growing their renewable capacity in Chile by adding solar and wind projects to their respective pipelines.
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Ardian has acquired full ownership of the Peruvian subsidiary of Latin America Power from funds managed by BTG Pactual, Patria Investments and GMR Holding.
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Southern Company subsidiary Georgia Power Company (GPC) will sell multiple specified transmission lines to Georgia Transmission Corporation (GTC), PFR has learned.
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Brazilian utility Copel and Petrobras have agreed to sell the Araucária gas-fired power plant they co-owned in Brazil.
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US-based utility and renewable energy developer Allete is contemplating the sale of its business, and has enlisted JP Morgan Chase for the potential sale process.
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Renewables and utility project developer Invenergy has opened a regional office in Montreal, becoming the company’s Quebec-based hub for Eastern Canada.
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The state of Louisiana has approved its first-ever offshore wind farm agreements for projects in state waters, inking contracts with Vestas and Mitsubishi subsidiaries.
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Unit Corporation has completed its previously announced sale of certain non-core oil and gas assets sited in the Texas Panhandle for net cash proceeds of $50 million at closing.
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Grant County, Washington’s Public Utility District No. 2 (Grant PUD) has begun an all-source request for proposals (RFP) to fulfill its supply need of 300MW of firm capacity and energy.
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French renewable developer Voltalia has agreed to sell a wind site in its Serra Branca complex in Brazil to Japanese conglomerate TODA.
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YPF Luz has signed a power purchase agreement (PPA) to supply renewable energy from its latest wind project in Argentina.
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The US Air Force Research Laboratory’s Space Vehicle Directorate has selected Westinghouse to power its advanced space research program.
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Utility Hawaii Electric Company is negotiating final terms with various developers to add 15 renewable generation projects to its grid, which will aid the state’s retirement of 6 fossil fuel-powered generators.
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Shell subsidiaries Shell Wind Energy and Savion Equity will sell partial ownership stakes in two US-based renewable energy projects to international infrastructure investment manager InfraRed Capital Partners (InfraRed).
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The Bureau of Ocean Energy Management (BOEM) has proposed a Central Atlantic offshore wind lease sale for over 277,000 acres in the waters off of Delaware, Maryland, and Virginia. The sale is expected to take place in 2024.
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Canadian province Newfoundland and Labrador (NL) has signed a memorandum of understanding (MoU) with the federal government to become a lead regulator on offshore wind projects in 16 inland bays in the province.
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Renewable and utility developer Invenergy has acquired the Atlantic Power Transmission (APT) project from Blackstone, relaunching the New Jersey transmission initiative as Jersey Link, to support New Jersey’s offshore wind goals.
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Washinton state-based utility Puget Sound Energy (PSE) will construct a 248MW wind farm in Stillwater County, Montana. The project is expected to become operational in 2025.
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Ørsted’s 132MW South Fork project has become the first offshore wind farm to plug into New York’s power grid, and Vineyard Wind completed its first five wind turbines as the projects go head-to-head to become the first full utility-scale offshore wind farm in the US.
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Small modular nuclear reactor and fuel business X-Energy Reactor Company (X-energy) has completed a $80 million Series C financing round.
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Norwegian energy company Statkraft is planning to develop a hybrid solar and wind project, adding 440MW to its renewable pipeline in Chile.
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London-based electricity generation company ContourGlobal has agreed to offload a portfolio of wind farms in Brazil.
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Energy and storage provider FirstLight has signed a 5-year power purchase agreement (PPA) with the Massachusetts Municipal Wholesale Electric Company (MMWEC) to provide 14 state municipal utilities with 69GWh of hydropower.
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Renewables developer energyRe has raised a $1.2 billion capital package to develop and construct its 10.5GW solar, wind, and storage portfolio, as well as 500 miles of transmission.
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The former chief executive of FirstLight Power, Alicia Barton, will join Vineyard Offshore as chief executive on January 1, 2024.
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Although an issue facing the whole energy sector, transmission and grid connectivity for the offshore wind industry has reached a whole new level of complexity.
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Ares Management has acquired organic waste management and biogas company Burnham RNG (Burnham) from Edge Natural Resources.
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Chile’s Inversiones Latin America Power (ILAP) filed for Chapter 11 in the Southern District of New York on November 30 2023 in a voluntary restructuring process.
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The Bureau of Land Management (BLM) is set to conduct three oil and gas development lease sales in the states of Wyoming, Mississippi, Nevada, Oklahoma and New Mexico.
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Boston-based Álvaro Ortega has joined innovative floating offshore wind (FLOW) company Gazelle Wind Power as chief financial officer.
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Offshore wind developer Attentive Energy is preparing two investments to help grow the industry's supply chain and support ocean-based technology startups in New Jersey.
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The New York Independent System Operator (NYISO) has halted the May 2025 retirement of four peaker plants to keep New York City’s grid reliable.
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The Bureau of Ocean Energy Management (BOEM) has approved the 816GW Empire Wind 1 offshore wind project, owned by Equinor and BP. Empire Wind marks the sixth offshore wind project approved by the Biden-Harris administration in its goal to reach 30GW of offshore generation by 2030.
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Capital Power has acquired two contracted combined-cycle US gas generation facilities from Beal Financial Corporation subsidiary CSG Investments.
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Copenhagen Infrastructure Partners (CIP) has launched a platform for the development and realization of renewable projects in Canada, Horizon New Energy, as part of the firm's expansion into the Canadian market.
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Eversource and Ørsted's jointly owned Revolution Wind, a 704MW offshore wind project located off Rhode Island, has received final Bureau of Ocean Management (BOEM) approval for its construction and operations plan.
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Independent power producer NRG’s president and chief executive officer Mauricio Gutierrez has departed the company and resigned from its board, leaving Lawrence Coben in the role for the interim.
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Canada-based green hydrogen developer EverWind Fuels has secured a C$125 million (USD $ 91.2 million) debt facility from Export Development Canada (EDC) to put toward its Tupper Point, Nova Scotia-based green hydrogen and ammonia project.
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Among the many hurdles the offshore wind sector is facing, the lack of guidelines for tax credits guidelines remains one of the most convoluted.
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New York will release requests for proposals (RFPs) for offshore wind and onshore renewable energy projects on November 30, 2023.
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Leeward Renewable Energy (LRE) has closed on $580 million of tax equity commitments and debt facilities for its White Wing Ranch Solar and GSG Wind projects located in Yuma County, Arizona, and LaSalle County, Illinois, respectively.
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Canadian independent power producer Innergex Renewable Energy has closed a $185 million financing deal for three unlevered hydro assets in Quebec and British Columbia, totaling 107MW.
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Oceanic Wind Energy has renegotiated its agreements with green power developer Northland Power, taking back its 400MW Hecate Strait offshore wind project in British Columbia.
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Ørsted's chief financial officer and chief operating officer have left after the company announced $5 billion in impairments, canceling its 2.3GW Ocean Wind 1 and 2 offshore wind farms off New Jersey, and pulling out of a consortium due to bid on offshore wind projects in Norway.
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Online retail giant Amazon is expanding the company’s renewable energy portfolio with the company's first wind project in South America.
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Energyquil has signed a concession agreement for the installation, operation and maintenance of a gas-fired power plant in Ecuador.
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Siemens Gamesa Renewable Energy has pulled out of its $200 million Portsmouth, Virginia, offshore wind blade manufacturing facility, citing turbulence in the industry.
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French energy company TotalEnergies is to buy three gas-fired power plants in Texas from TexGen for $635 million.
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Austin, Texas-based developer Cielo Wind has landed approval for a wind project the company is working on in Chile.
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Renewables developer Genneia is issuing a $15 million green bond, with a capacity to grow to $30 million, for a pair of solar and wind projects in Argentina.
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French energy company Engie is issuing R$2.5 billion ($507 million) in debentures to refinance assets in Brazil.
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The Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporations (NuScale) have terminated their Carbon Free Power Project (CFPP) located at the Idaho National Laboratory.
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Electricity utility Eletrobras and Brazilian development bank BNDES have agreed on a restructuring of the debts of hydro firm Santo Antônio Energia (SAESA) – an indirect subsidiary of Eletrobras.
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New Fortress Energy has secured financing for its 630MW Barcarena power plant in Brazil.
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Eversource Energy is looking to sell its 50% stake in its offshore wind joint venture with Danish energy giant Ørsted, which includes three projects totaling 1.7GW.
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Uranium mining company Cameco Corporation and Brookfield Renewable Energy have closed on the joint acquisition of nuclear services business Westinghouse Electric Company on November 8, 2023.
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Nuclear power plant operator Constellation has completed the $1.75 billion acquisition of its 44% ownership stake in NRG Energy’s South Texas Project Electric Generating Station (STP).
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The seas have been rough for the offshore wind sector, and projects are repeatedly being hit by rising interest rates, supply chain disruptions, local unrest, and political opposition. Financing issues and heavy losses in the past quarter have unraveled the traditional project process. The key economic burden on these projects is, by far, the power purchase agreement (PPA) gap.
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Brazilian power generator Eneva has received financing for one of its Parnaíba gas-fired power plants located in the state of Maranhão.
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Canadian power company TransAlta will acquire Heartland Generation and Alberta Power (collectively, Heartland) from an affiliate of Heartland’s parent company, Energy Capital Partners.
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Energy giant BP has declared impairments of $540 million related to its New York offshore wind projects, Empire Wind 1 and 2 and Beacon Wind. BP owns the projects off the New York and Massachusetts coasts in a 50:50 joint venture with Equinor.
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The Bureau of Ocean Energy Management (BOEM) has finalized four Wind Energy Areas (WEAs) with the potential to supply 3GW of energy for another Gulf of Mexico lease sale.
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Despite earlier announcements of large impairments and project cancellations for offshore wind, joint-venture partners Ørsted and Eversource have taken the final investment decision (FID) in their 704MW Revolution Wind, commencing the construction of the utility-scale offshore wind farm.
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The world's largest offshore wind developer, Ørsted, has stopped development of its 2.3GW Ocean Wind 1 and 2 offshore wind farms off New Jersey after announcing impairments of over $5.5 billion.
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US maritime and logistics company Crowley has hired a former GE Offshore Wind executive as vice president of business development for its Wind Services group.
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France's Engie has signed an agreement that will see the energy company acquire four wind projects in Peru.
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The Bureau of Ocean Energy Management (BOEM) has approved Dominion Energy's 2.6GW Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind project in the US. Construction will begin in Spring 2024 and is expected to take around 3 years, bringing CVOW online in late 2026.
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X-Energy Reactor Company (X-energy) has reached the joint decision with publicly-traded special purpose acquisition company Ares Acquisition Corporation (Ares) to drop their previously announced acquisition, effective October 31, 2023.
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Fortune 500 power firm Entergy is to sell its gas distribution business to private infrastructure equity management company Bernhard Capital Partners.
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Competitive Power Ventures (CPV) has brought online its 1.25GW natural gas fired Three Rivers Energy Center in Grundy, Illinois.
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After New York state rejected a request from offshore wind developers to raise prices, Norwegian energy giant Equinor has recorded a $300 million impairment on its US offshore wind projects.
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The New Mexico Public Regulation Commission (PRC) has approved Xcel's early closure of its 1.067GW coal-fired Tolk Generating Station in 2028.
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Renewables company and Iberdrola Group member Avangrid and green energy investment firm Copenhagen Infrastructure Partners (CIP) have closed a $1.2bn first-of-its-kind tax equity package for their jointly owned Vineyard Wind 1 offshore wind project.
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New York Governor Kathy Hochul has revealed a new renewable investment plan for the state, announcing conditional offtake agreements to three offshore wind projects and 22 onshore projects.
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Rise Light & Power and Corio have purchased stakes in TotalEnergies's 3GW Attentive Energy offshore wind farm, paying a total of $420 million.
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New York Governor Kathy Hochul has vetoed an Equinor and BP-endorsed bill to build underground transmission lines from its offshore wind projects into the city of Long Beach. Hochul's rejection of the Planned Offshore Wind Transmission Act strikes another blow to the industry a week after the state government shot down a financial relief bill for offshore wind developers.
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Vineyard Wind, owned by Avangrid and CIP, has installed the first turbine of its Vineyard 1 project, a landmark milestone for the 800MW project, which will be the first utility-scale offshore wind farm in the US. Once complete, Vineyard Wind will power nearly half a million Massachusetts homes.
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Oil and gas company Petroquímica Comodoro Rivadavia (PCR) has brought online a trio of wind farms in Argentina.
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Australia’s Fortescue has secured rights to develop a wind farm in the Rio Negro province of Argentina.
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New York State Public Service Commission (PSC) has unanimously rejected a request from a group of offshore wind developers to provide financial relief for four projects on the New York coast and 86 onshore projects. The relief would have come from increasing prices for customers, totaling $12 billion.
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Rhode Island Energy has issued a request for proposal (RFP) for an additional 1.2GW of offshore wind power.
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California Governor Gavin Newsom has approved AB1172 on fusion energy policy as one of the 900 bills that came across his desk this week, all of which require signature or veto by Saturday.
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Enel Americas is looking to sell its Peruvian power generation businesses, Enel Generación Perú, Enel Generación Piura and Compañía Energética Veracruz.
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Companhia Energética de Minas Gerais (Cemig) has concluded the sale of its shares in a hydroelectric power plant in Brazil.
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Braya Renewable Fuels has named former Delek executive, Todd O'Malley, as chief executive.
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France’s Engie and Spain’s Opdenergy are planning to develop wind and solar projects in Chile.
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Leeward Renewable Energy (LRE) has begun the construction of two projects, GSG Wind and White Wing Ranch Solar, as well as reaching commercial operations for Big Plain Solar.
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National Renewable Solutions (NRS) has hired Bill Whitlock to take over as chief executive as Patrick Pelstring begins retirement.
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North Carolina, the Commonwealth of Virginia, Maryland and Delaware have started a workforce to further offshore wind development.
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French utility EDF Renewables is planning a 144MW wind project in the region of Bío Bío in Chile.
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Dominion Energy is set to add 772MW of solar generation in Virginia through six Dominion-owned or acquired solar farms and 13 power purchase agreements (PPAs) with independently owned projects.
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AES Brasil has started commercial operations of its Tucano wind farm located in the state of Bahia.
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Xcel Energy has continued to make changes at the top, naming a new group president of utilities and chief customer officer.
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Massachusetts, Connecticut, and Rhode Island have entered into an offshore wind partnership to solicit larger wind farms with the goal of curbing prices. The states had previously scheduled individual solicitations for January 2024 but will now run a 6GW offshore wind energy tender together.
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Brazilian renewables developer Omega Energia has signed a bidding share exchange agreement with EDF Renewables to swap stakes in renewable assets they co-own.
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Iberdrola-subsidiary Avangrid has terminated its 20-year power purchase agreements (PPA) with Connecticut utilities, Eversource Energy, and United Illuminating, for its proposed 804MW Park City Wind offshore generation project.
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The Asian Infrastructure Investment Bank (AIIB) has agreed to finance a wind project in the province of Tierra del Fuego, Argentina.
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Texas-based Vistra Corp is issuing both secured and unsecured senior notes to fund part of the $3 billion cash component of the company’s pending Energy Harbor acquisition.
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Nuclear power provider Xcel Energy has named Chris Church as its new chief nuclear officer.
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Peninsula Clean Energy has signed a 15-year agreement with the SunZia Wind farm, Pattern Energy’s largest renewable energy procurement project contract to date.
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Iberdrola-owned Avangrid has reached a transfer tax credit agreement for over $100 million of 2023 production tax credits (PTCs) with oil and power multinational Vitol, one of the first transferable credit agreements created by the Inflation Reduction Act.
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Engie Energía Chile has received the greenlight to proceed with a $645 million wind and storage project in Chile.
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AES Corporation has agreed to sell minority stakes in its Dominican and Panamanian businesses, adding a new partner in the company’s shareholders.
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Ørsted has begun operations on its 13th US wind farm, Sunflower Wind, which is a 200MW wind project located in Marion County, Kansas. The Danish energy giant now operates 832MW of wind energy in the Southwest Power Pool.
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Cubico Sustainable Investments has acquired a trio of operational renewable projects totaling 121MW in Uruguay.
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Renewables developer Casa dos Ventos has received financing for a pair of wind farms the company operates in Brazil.
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EDP, through its subsidiary EDP Brasil, has signed a sale and purchase agreement to sell a coal-fired power plant in Brazil.
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Equinor has hired former operations and maintenance executive at Vestas Wind Systems, Samuel Byrne.
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X-Energy Reactor Company and the US Department of Defense (DoD) have expanded their agreement to develop a nuclear microreactor prototype for use in remote military locations.
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Gibson Energy has entered a 15-year power purchase agreement with Capstone Infrastructure and Sawridge First Nations to take power from the Buffalo Atlee 2 and 4 wind farms.
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The exhaustive push to deploy the 468MW Cape Wind project off the coast of Massachusetts came to a halt in early January 2015. Power purchase agreements (PPAs) fell through; banks fell away (PFR, 1/7/15). The $1.95 billion deal, the first offshore wind farm to be fully permitted by the BOEM, died after 14 years.
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ComEd has entered an offtake agreement to purchase carbon-free nuclear energy from power producer Constellation.
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Petrobras is planning to develop 23GW of offshore wind projects along the Brazilian coastline.
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Brazilian utility Companhia Energética de Minas Gerais (Cemig) is parting with a portfolio of small hydro assets, offloading them to Mang Participações e Agropecuária.
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UK-based energy producer Sonnedix is planning a wind project in the region of Coquimbo, Chile.
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Ocean Winds has signed a memorandum of understanding (MoU) with transportation and energy conglomerate Prumo Logística to collaborate on offshore wind generation in Brazil.
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X-Energy Reactor Company and Ares Management have updated the terms of the nuclear development company’s buyout with the business now valued at $1.05 billion, down from $1.8 billion.
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Clean power producer, developer, and energy storage company FirstLight Power has finalized its agreement to acquire Hydroméga Services, including ownership interest in five hydropower generating stations in Québec and five in northeastern Ontario.
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Brazilian utility Eletrobras is offloading the company’s last coal-fired asset it operates in the country.
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Ørsted has completed its $625 million all-cash purchase of Eversource Energy's share in 175,000 acres of an offshore lease area that covers three ongoing offshore wind projects, becoming the sole owner of the land.
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MUFG has refinanced its $500 million credit facilities for a natural gas-fired plant portfolio, Invenergy Thermal Operating I, owned by Invenergy and InfraBridge. The portfolio includes four operational plants, totaling 2.29GW, which are located in the US and Canada.
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EDF Renewables has started construction on the company’s third wind farm in the state of Bahia.
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Brazilian utility Copel is in the process of selling the company’s stake in the Araucária power plant located in the state of Paraná.
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Renewable energy company RWE Clean Energy has commenced construction on its 200MW Montgomery Ranch Wind Farm in Foard County, Texas.
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The offshore wind troubles continue as Danish firm Ørsted has delayed its first US offshore wind project, Ocean Wind I, until 2026. Additionally, oil giants Equinor and BP are seeking to increase the power price of all three of the US wind farms in their partnership by over 50%.
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AES Brasil has signed a power purchase agreement (PPA) to supply Microsoft. Under the 15-year agreement, the energy company will supply renewable output from the Cajuína wind complex to the tech company starting July 2024.
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SouthCoast Wind, formerly known as Mayflower Winds, has terminated its power purchase agreements (PPAs) with Massachusetts utilities Eversource, Unitil, and National Grid for its offshore wind farm off the coast of Massachusetts.
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Oklo is set to provide nuclear power to a US Air Force Base after signing a Notice of Intent (NOI) with the Defense Logistics Agency Energy.
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EDF Renewables has started commercial operations of Phase 1 of its Serra do Seridó wind farm in Brazil.
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The Bureau of Ocean Energy Management (BOEM) closed its first-ever offshore wind energy auction in the Gulf of Mexico with only one lease awarded: RWE Offshore US Gulf won with a bid of $5.6 million for a 1.24GW project.
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Norway’s Statkraft Energías Renováveis has agreed to purchase a duo of operational wind farms totaling 260MW in Brazil.
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Oklo and Centrus Energy have entered a memorandum of understanding (MoU) for the development and operation of Oklo’s Aurora fission powerhouses and a nuclear fuel production site for high-assay, low-enriched uranium (HALEU).
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Apex Clean Energy has signed its first power purchase agreement (PPA) with Google for the full 189 MW capacity of the Timbermill Wind project to be sited in North Carolina.
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The Bureau of Ocean Energy Management (BOEM) has approved the fourth US commercial-scale, offshore wind project, Revolution Wind, a 704MW offshore wind farm located southeast of Point Judith, Rhode Island.
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Enel Green Power has started commercial operations on a utility-scale wind project in Chile.
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The Massachusetts Department of Public Utilities (DPU) approved the Eversource PPA termination for Avangrid Renewable's Commonwealth Wind project and revealed the final rules for the state's offshore wind procurement.
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AES Andes is planning to retire another unit of the Ventanas coal-fired power plant in Chile two years ahead of schedule.
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Morgan Stanley Investment Management (MSIM), through Morgan Stanley Infrastructure Partners (MSIP), has entered a joint venture with US maritime and logistics company Crowley to repurpose US port facilities with offshore wind developers.
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Celsia has agreed to acquire a wind project in Peru, marking the company’s entry in the Peruvian renewable market.
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The Public Service Company of New Mexico (PNM) has reached an agreement with local legal authorities on the retirement of the San Juan coal plant under the Energy Transition Act.
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Pampa Energía has completed swapping one of the company’s wind farms for stakes in an oil and gas concession.
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American Electric Power (AEP) has completed the sale of its 1,365MW unregulated and contracted renewables business to IRG Acquisition Holdings, a consortium owned by Invenergy, CDPQ, and funds managed by Blackstone Infrastructure.
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On-site industrial energy developer One Energy and SPAC, Tortoise Acquisition Corp. III (TRTL), have entered into a merger agreement to become the publicly listed company One Power Co. The new firm has an enterprise value of $300 million, with common stock valued at $10 per share.
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Clean energy platform Peregrine Energy Solutions has signed an agreement with environment-focused investment firm Greenprint Capital to sell multi-year production tax credits (PTC) from the Old Gold Energy Center.
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ArcLight Capital Partners has purchased Sojitz's indirect ownership of Kleen Energy Systems, owner of a 620MW natural gas plant in Middletown, Connecticut. ArcLight now has 100% of Sojitz's preferred equity and minority common equity interest of the natural gas facility.
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Brazilian utility Companhia Energética de Minas Gerais (Cemig) has found a winning bid for hydroelectric assets the company is auctioning.
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Engie Energía Chile has submitted the Loma Verde wind project for environmental review in Chile for a second time.
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GE Vernova’s Grid Solutions will install a connection bay at the Santa Luzia substation as part of its contract with Brazilian renewable energy company Casa dos Ventos.
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Three joint ventures (JV) for New Jersey's third offshore wind solicitations have been identified.
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NuScale Power Corporation, a small, modular nuclear reactor technology provider, as hired Robert Ramsey Hamady as chief financial officer and promoted Clayton Scott as chief commercial officer in a wave of leadership changes. The new hires will advance the manufacturing and development phase of its VOYGR small, modular reactor power plants.
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Mexico’s Comisión Federal de Electricidad (CFE) landed a $333.6 million financing for seven hydroelectric plants.
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The environmental protection agency of Rio Grande do Sul in Brazil, FEPAM, has issued a preliminary license for a 643.5MW wind project.
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The Georgia cooperative that owns the Vogtle nuclear facility has reached commercial operations for its Unit 3 – the first newly constructed nuclear unit in the US in over 30 years.
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Domestic steel producer Steel Dynamics has signed a Renewable Product Purchase Agreement (RPPA) with a NextEra Resources subsidiary for its 308MW wind farm in Scurry County, Texas.
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The Bureau of Ocean Management (BOEM) has finalized the Wind Energy Areas (WEAs) for its Central Atlantic offshore wind auction. The three areas are located off Delaware, Maryland, and Virginia, and can support approximately 4GW to 8GW of energy production once completed.
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Desjardins Group Pension Plan and DGAM Global Private Infrastructure Fund II have together acquired 37.5% ofCanadian wind farms Cypress 1 & 2 from EDF Renewables.
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Iberdrola-owned Avangrid has completed its offshore substation for the 800MW Vineyard 1 wind project, off the coast of Massachusetts.
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The government of Ecuador will attempt to procure the Cardenillo and Santiago hydro projects by early next year.
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State-owned utility Companhia Paranaense de Energia (Copel) has launched a R$4.3 billion ($912 million) share offering to privatize the company.
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Energy Harbor has filed to renew an operating license for the company’s Perry nuclear power plant for another 20 years.
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BKV-BPP Power, a joint venture of BKV Corporation and Banpu Power US Corporation, has closed on its acquisition of the Temple II power plant, the company’s second natural gas generation asset.
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Omega Energia and EDF have signed a memorandum of understanding (MoU) to exchange interests in renewable assets they co-owned in Brazil.
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The Department of the Interior will hold an auction in August (2023) for the first-ever offshore wind energy lease in the Gulf of Mexico. The areas will have the potential to generate 3.7GW of power.
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Rhode Island Energy has dropped its long-term power purchase agreement (PPA) with Ørsted and Eversource for the developers’ joint proposal of offshore project Revolution Wind 2.
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UK-based Atome Energy has secured power purchase agreements to supply its utility-scale green hydrogen and ammonia project in Paraguay.
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Valia Energía, an Actis-backed power generation company, has completed its acquisition of EVM Energía, adding 850MW of gas-fired assets to its Mexican portfolio.
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Innergex Renewable Energy has secured a $534 million construction loan and term financing and $49 million letter of credit facility for its 329.8MW Boswell Springs wind project in Wyoming.
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EverWind Fuels, Canada-based green hydrogen producer, has acquired three wind farm developments totaling 530MW to power green hydrogen and ammonia projects.
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Alaska Renewables, a start-up developer, is negotiating with the Alaska Mental Health Trust to develop a 235MW wind farm on trust land.
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Pattern Energy has completed construction and begun operation at its 150MW Lanfine Wind power project in Alberta, Canada.
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RWE has announced Amanda Lefton, former tenured director of the Department of Interior’s Bureau of Ocean Energy Management (BOEM), as the vice president of development, East, a position that will see Lefton in the driver’s seat of RWE’s offshore development on the east coast of the US.
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ChatGPT chief executive Sam Altman will begin building nuclear plants and selling long-term power contracts via his clean energy startup Oklo after listing next year.
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Invenergy, a Chicago-based green energy developer, has signed a 15-year PPA with Puget Sound Energy (PSE), the largest utility in Washington State.
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Spanish infrastructure firm ACS has signed a concession for the construction of the largest wind project in Ecuador.
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The Ontario government is prepping for three additional small modular reactors (SMRs), for a total of four SMRs, with Ontario Power Generation (OPG) at the Darlington nuclear site as it continues its nuclear push.
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Electric-electronic equipment manufacturer WEG has signed a pair of power purchase agreements (PPA) in Brazil.
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The New Mexico Supreme Court has ruled to uphold the New Mexico Public Regulation Commission (NMPRC) decision that denies the Public Service Company of New Mexico (PNM) sale of its minority interest in the Four Corners Power Plant.
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The Ontario government has begun pre-development work siting the first large-scale nuclear build in more than 30 years.
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New Jersey Governor Phil Murphy signed a bill that will expand federal tax credits to Ørsted, the Danish energy giant building the largest offshore wind project in the US along the coast of New Jersey.
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NuScale Power Corporation, a provider of small modular reactor (SMR) nuclear technology, has named Carl Fisher as its chief operating officer starting July 24, 2023. Fisher will head the operations engineering, project management, quality assurance, information technology, and regulatory affairs functions.
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YPF Luz has signed a power purchase agreement (PPA) to supply renewable energy to a fertilizer producer.
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American Electric Power company Southwestern Electric Power Co. (SWEPCO) has received approval from the Louisiana Public Service Commission (LPSC) to proceed with its fuel-free initiative to acquire 999MW of renewable generation resources.
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Financial details have emerged on Macquarie’s Green Investment Group (GIG) and Hydro Rein’s 456MW Feijão Wind Farm – part of a 586MW combined wind and solar project in northeastern Brazil.
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PPG has entered an agreement with NRG Energy’s brand Direct Energy that will sell renewable energy certificates (RECs) generated by the Crockett County wind facility to four of PPG paints and coatings manufacturing facilities and 62 PPG PAINTS stores in Texas.
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Pampa Energia is parting with one of the company’s wind farms in Argentina for stakes in an oil and gas concession.
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Itaú Unibanco has acquired a minority stake in a gas-fired power complex from Brazilian power generator Eneva.
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Engie Energía Chile is planning a $230 million wind project in the region of Biobío.
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Canada-based EverWind Fuels Company is supportive of Nova Scotia's recently published Offshore Wind Roadmap and the province's efforts to become a global leader in renewable energy.
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Omega Energia has signed a power purchase agreement (PPA) with the White Martins group, an industrial gas manufacturer in Brazil.
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Iberdrola has signed a binding agreement to sell a large part of its portfolio in the country to the government for $6 billion.
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Itaú Unibanco has acquired interests in the Serra do Assuruá wind complex developed by Engie Brasil Energia.
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The US International Development Finance Corporation (DFC) is interested in providing financing for Solarpack’s 200MW El Aromo solar farm in Manabí, Ecuador.
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Spanish infrastructure firm ACS is expected to reach FC on a wind project in Ecuador before the end of 2023, according to a source familiar with the matter.
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Cemig has signed a power purchase agreement to supply renewable energy to a mining company in Brazil.
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Engie Brasil Energia has closed the sale of the company’s last coal-fired power plant in Brazil, making it 100% renewable power generator in the country.
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Canadian-based power producer Codelio Power has secured construction loan financing and tax equity for its 171MW Moraine Sands wind project in Mason County, Illinois.
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InfraCorp, the infrastructure investment platform of Grupo Romero, has closed the acquisition of the Puerto Bravo gas-fired plant in Peru.
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Ørsted has agreed to acquire Eversource Energy’s 50% interest in the uncontracted federal offshore wind lease, jointly owned by the 2 companies, for $625 million.
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AES Andes is retiring the company’s Norgener coal-fired power plant in Chile.
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Danish wind turbine manufacturer Vestas Wind Systems has secured a 72MW wind project supply order with an undisclosed customer in Argentina.
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Latin America Power is planning a 73MW expansion to the company’s San Juan wind project in Chile.
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Scout Clean Energy and Elawan Energy’s joint venture has finalized the sale of its 199MW Persimmon Creek wind farm in western Oklahoma to utility company Evergy for $250 million.
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AES Andes has received environmental approval to develop a massive hybrid complex in Chile after submitting the project almost three years ago.
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Renewable developer Omega Energia has landed R$415.32 million ($83.6 million) for a wind complex the company is developing in Brazil.
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Pattern Energy has signed a power purchase agreement (PPA) with both Shell Energy North America and all Regents of the University of California for part of the energy generated from its SunZia Wind Project.
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Sequitur Renewables purchased an operating wind farm in the Almont Pass area of California on May 16.
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Parque Eolico Arauco (PEA) is partnering with IMPSA on a solar project in the province of La Rioja in Argentina.
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US nuclear fusion company Helion Energy has entered into an agreement with Microsoft to provide electricity from its first commercial fusion power plant.
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Private equity firm Hull Street Energy has agreed to acquire a 100% interest in 2 power plants from Mesquite Generation Holdings – an affiliate of Atlas Holdings.
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YPF Luz has signed a memorandum of understanding (MoU) with Cementos Avellaneda to jointly develop a wind project in Argentina.
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AES Brasil has entered a power purchase agreement with an undisclosed offtaker for one of the company’s wind farms.
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Copenhagen Infrastructure Partners (CIP) has sold 2 wind farms in Texas to Canadian energy infrastructure company TC Energy.
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Pampa Energía is planning to issue green bonds to finance the construction of a wind project the company is developing in Argentina.
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Pan American Energy (PAE) has signed power purchase agreements for the output of the company’s first project in Brazil.
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Canada’s Algonquin Power & Utilities Corp. and American Electric Power have pulled the plug on the deal for AEP’s utility subsidiary Kentucky Power and its transmission business AEP Kentucky Transco.
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Luxembourg steel and mining firm ArcelorMittal’s Brazilian subsidiary will form a JV with Casa dos Ventos, one of Brazil’s largest renewables developers.
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Renewables developer Emrgy has raised $18.4 million in Series A funding to launch a hydro turbine factory in Colorado and support the development of its hydropower projects.
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Clean power producer FirstLight Power has completed the planned integration of H2O Power, the third-largest provider of hydroelectric power in Ontario.
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Italian energy company Enel’s LatAm subsidiary has reached an agreement to sell its Peruvian businesses to China Southern Power Grid International (CSGI).
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Allete Clean Energy has closed its sale of the 91.6MW Red Barn wind project in Grant County to WEC Energy Group utility, Wisconsin Public Service (WPS), and Madison Gas and Electric Co (MGE).
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Offshore wind in Latin America is generating conversation, if not power, as its governments attempt to meet ambitious energy transition goals. According to the World Bank, the region holds 8,000GW of potential technical capacity, with Brazil, Colombia, Chile and Mexico offering some of the best resources for implementation.
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Brazilian utility Cia Energetica de Minas Gerais (Cemig) will hold an auction on 10 August 2023 to sell off 41.2MW of operational small hydro power projects.
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Paraguay’s state-owned power utility ANDE has signed an agreement with Swedish-based engineering company AFRY and Argentinian firm Latinoconsult to rehabilitate and modernize the 200MW Acaray hydropower plant.
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Iberdrola has agreed to sell more than 8.5GW of assets it operates in Mexico, in a transaction valued at around $6 billion.
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Brazilian developer Casa dos Ventos has landed a loan from BNDES to support the construction of the Umari wind complex.
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Danish wind turbine manufacturer Vestas will supply turbines to the 162MW La Eltiba wind farm in the province of Buenos Aires in Argentina, owned by local renewable energy producer Genneia.
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RWE has signed a Memorandum of Understanding (MoU) with Entergy to jointly evaluate the delivery of clean energy from offshore wind to industrial customers in Texas and Louisiana.
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Casa dos Ventos has signed a power purchase agreement with Brazilian petrochemical company Braskem.
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Danish wind turbine manufacturer Vestas has signed an agreement with Brazilian developer Casa dos Ventos to supply wind turbines to two mega wind farms.
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The governments of Canada, Nova Scotia, and Newfoundland and Labrador have begun regional assessments for offshore wind development.
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Enel, through its business Enel Trading, has signed a power purchase agreement with gold mining company Equinox Gold in Brazil.
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Engie has received the greenlight to turn on the first unit of its Santo Agostinho wind project in Brazil.
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Chinese wind turbine manufacturer Xinjiang Goldwind Science & Tech will invest R$150 million ($29m) to create a production base in Brazil’s Bahia state.
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Two organizations have joined forces to collaborate on advancing the development and deployment of projects in the rapidly scaling North American offshore wind industry.
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Brazil’s Eletrobras has acquired an additional 22.9% interest in the holding company of the Santo Antonio hydro plant, bringing the company's total ownership to over 95%.
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ACEN, the listed energy platform of the Ayala group, has signed a purchase and sale agreement with GlidePath to acquire a portfolio of eight operating wind projects totaling 136MW in northern Texas.
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New Fortress Energy has entered into an agreement with Weston Solution for the installation and operation of 150MW of additional power generation at the Palo Seco Power Plant in Puerto Rico and the supply of natural gas.
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YPF Luz has announced its intention to purchase all the shares in the thermal generation plant Central Dock Sud from Enel Americas.
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Public utility Hydro-Québec has selected three EDF Renewables North America wind projects for wind energy supply contracts under two calls for tenders launched in December 2021.
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Danish wind turbine manufacturer Vestas has signed two turbine supply contracts with utilities in Argentina and the US for a total capacity of 151MW.
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The Puerto Rican Public Private Partnerships Authority has issued a request for qualifications (RFQ) for the development of a LNG-to-hydrogen plant on the island.
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Norwegian oil & gas group Equinor and Brazilian state-run oil & gas firm Petrobras have announced a collaborative initiative to study the potential for over 14GW of offshore wind projects in Brazil.
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Data center provider Odata has acquired a minority stake in a wind project in Brazil for an undisclosed amount.
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Grupo Ibereólica has received environmental approval to develop a massive wind project after waiting for more than two years.
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AES Andes is planning to develop and build a hybrid project, the company's first in Chile.
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The Bureau of Ocean Energy Management (BOEM) has taken its next step toward its wind energy auction in the Gulf of Mexico.
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Power generation company Genneia has secured financing for three renewable projects it is developing in Argentina.
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Infrastructure investor ArcLight Capital Partners has completed the sale of Great River Hydro to Hydro-Québec for approximately $2 billion.
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French-based renewables producer Total Eren will construct its first project in Honduras, a 122MW wind farm.
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enCore Energy Corp has acquired the Alta Mesa in-situ recovery (ISR) uranium project from Energy Fuels for $60 million in cash and a $60 million promissory note.
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Spanish joint venture partners Repsol and Ibereolica Renovables have officially turned on their 165.3MW Atacama wind farm.
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Omega Energia has signed a power purchase agreement for one of the company’s wind projects in Brazil.
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Argentine energy company Pampa Energía is adding a new wind project to its development pipeline.
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Brazil's EDP Renewables' (EDPR) 580MW wind farm complex in Rio Grande do Norte state has been inaugurated.
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YPF Energia Electrica is set to issue bonds to finance a new solar project the company is developing in Argentina.
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Genneia is issuing green bonds for up to $80 million to finance a pair of renewable projects the company is developing in Argentina.
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YPF’s power generation arm YPF Luz is set to start construction on the company’s fourth wind project in Argentina.
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Bioenergy developer Brasil BioFuels (BBF) has issued debentures to finance power plants in Northern Brazil.
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EDP Renováveis has concluded the sale of two operating wind farms in Brazil.
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The deadline to submit bids for New York’s third competitive offshore wind solicitation passed on 26 January, with Ørsted and BP among the bidders.
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EDF and environmental services company Refocosta are partnering on the development of a biomass power plant in Colombia.
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Norwegian energy company Statkraft will abandon the building of a dam-toe hydroelectric plant in Chile out of respect for local indigenous communities, which consider the project site sacred ground.
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Celepsa has acquired the company's first gas-fired power plant in Peru.
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North American alternative investment manager Fengate Asset Management has reached financial close on the 160MW Prairie Switch Wind project near Houston.
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Ørsted has signed an agreement to acquire Public Service Enterprise Group’s (PSEG) 25% equity stake in Ocean Wind 1, a 1.1GW offshore wind energy project.
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An evergreen renewable energy platform with a global strategy has launched with news of its first acquisition – a construction-ready wind farm in Canada – and a keystone investor.
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Chilean state-owned mining company Codelco has signed a contract with local electricity utility AES Andes to replace coal supply at 2 mines with renewables.
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EDP Renováveis (EDPR) has secured financing to support the construction of 2 wind farms that the company is developing in Brazil.
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Brazilian development bank BNDES has agreed to finance the development of 1.5GW of renewable energy in Brazil.
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SPIC Brasil has landed financing for 3 wind projects the energy generation company is planning in the country.
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Miami-based private equity and infrastructure investment firm MGM Innova Capital has secured financing for 3 small hydroelectric assets the company is developing in Peru.
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Engie Energía Chile has completed the acquisition of a portfolio of wind projects.
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Oil and gas groups Eletrobras and Shell have signed an agreement to cooperate on offshore wind generation in Brazil.
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German wind turbine manufacturer Nordex has been contracted to equip a 94.4MW wind farm owned by construction firm TODA in Brazil's Rio Grande do Norte state.
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Brazilian developer Casa dos Ventos has inked a power purchase agreement to supply Vestas with renewable energy.
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A major regulatory milestone for Dominion Energy’s 2.6GW offshore wind project off coastal Virginia was reached on December 12 (2022) as the power giant eyes construction in 2024.
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Pampa Energía has acquired a state-owned wind project located in the province of La Rioja in Argentina.
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Brazil’s competition regulator (CADE) has approved a deal between pharmaceutical company Eurofarma Laboratórios and energy firm Omega Energia 4 related to the 211.5MW Assuruá 4 wind project.
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EDP Brazil has completed the sale of its Mascarenhas hydro power plant to a UK-based investment firm.
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The provisional winning bids for the first offshore wind auction held on the US’ west coast totaled more than $700 million on December 7.
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Electric vehicle (EV) maker Rivian Automotive has signed a PPA with Apex Clean Energy for 50MW of renewable electricity from the proposed Goose Creek Wind farm in Piatt County, Illinois.
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Bleutec Industries – builder, owner and operator of offshore wind turbine installation vessels – has secured a capital commitment from private equity firm EnCap Investments.
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AES Brasil, and its subsidiary AES Operações, have completed the acquisition of a trio of wind farms totaling 460MW.
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Enel Green Power Chile has commenced construction on the 105.6MW La Cabana Wind Farm which includes a 34.3MW energy storage system using lithium batteries.
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Nova Scotia-based financial advisory firm Northgreen Capital has appointed Philip Bassil as managing director and head of global offshore wind M&A.
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The Brazilian state of Paraná is planning for the potential privatization of its electric utility Copel.
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Vestas has received a 178MW order to power an undisclosed wind project in the US.
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Brazilian renewable developer Casa dos Ventos has inked a power purchase agreement (PPA) with a fertilizer producer in Brazil.
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Engie Energía Chile is planning to develop a new utility-scale wind project in the Antofagasta region.
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France’s TotalEnergies has agreed to develop a wind project off the coast of the state of Rio de Janeiro in Brazil.
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Independent power generator Onward Energy is acquiring the Broad River power generation facility in Gaffney, South Carolina.
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Brazilian power generator Eneva has received the greenlight from electric energy agency Aneel to start operations of its Parnaíba V power plant.
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Pattern Energy has received key approvals that will allow the construction of the SunZia transmission project and the SunZia wind projects next year (2023).
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The Dominican Republic’s National Energy Commission (CNE) has granted a pair of definitive concessions for energy projects on the island.
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Francis Slingsby has been appointed chief executive of Mayflower Wind – a JV between Shell New Energies US and Ocean Winds North America.
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Hull Street Energy has agreed to sell an almost 330MW portfolio of hydroelectric projects spread across the US to LS Power.
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ClearGen, a clean energy investor backed by private equity powerhouse Blackstone, has invested in a portfolio of partnership interests in 25 wind farms totaling 1.4GW of existing generation capacity throughout the US.
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Argentine developer Genneia is issuing local green bonds to finance solar and wind projects the company is developing in the country.
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Steel producer Ternium has acquired a greenfield wind project in Argentina.
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North American alternative investment manager Fengate Asset Management has acquired the Prairie Switch Wind Project in Texas from Triple Oak Power and signed a PPA with Meta Platforms.
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Brazil's Cemig Geração e Transmissão (Cemig GT) has attracted interest from projects totaling 7GW in installed capacity for its upcoming power auction.
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Energy company Allete has agreed to sell a more than 100MW wind project in Wisconsin to a pair of publicly owned utilities.
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Swift Current Energy has secured project financing for an almost 200MW wind project the company is developing in Texas.
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Eolica Coromuel – a Eurus Energy America Corporation subsidiary – has started commercial operation of Baja California Sur’s first wind generating facility.
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The Bureau of Ocean Energy Management (BOEM) has designated 2 Wind Energy Areas (WEA) ahead of the leasing process later this year or early next year.
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The Canada Infrastructure Bank (CIB) has teamed up with Ontario Power Generation (OPG) and committed $970 million towards Canada’s first small modular reactor (SMR).
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Boralex has agreed to acquire a 50% stake in a pair of wind projects in New Mexico, totaling almost 300MW, from EDF Renewables.
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Brazilian renewable developer Casa dos Ventos has landed financing for a portfolio of wind farms in the state of Bahia.
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Companhia Siderúrgica Nacional (CSN) has completed the privatization process of Companhia Estadual de Geração de Energia Elétrica (CEEE-G).
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PPL Corporation, the Pennsylvania-headquartered transmission and distribution company, and Belgian transmission operator Elia Group have agreed to develop innovative transmission solutions to integrate future offshore wind capacity with the onshore grid in the New England region.
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The energy company Invenergy has secured a deal to sell a pair of wind projects in Texas and Oklahoma, totaling almost 800MW in generation, to a utility company.
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Brazilian electric utility Copel, through its subsidiary Copel Geração e Transmissão (Copel GeT), has started commercial operations of its Jandaíra wind complex.
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International renewable energy producer Sonnedix has acquired a 290MW solar and wind platform in Chile – the most recent of many purchases made in the country.
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AES Andes is planning to repurpose one of its coal-fired power plants in Chile to develop renewable energy.
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Engie Energía Chile has submitted a new wind project that the company is planning to develop for environmental review.
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Molly Morris will succeed Siri Espedal Kindem as the new president of Equinor Wind US, effective 1 January 2023.
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Rhode Island Energy has issues the RFP to solicit an additional 600-1,000MW of offshore wind to boost the state’s energy needs.
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Brookfield Renewable has agreed to partner with InterEnergy Group to develop renewable energy across Latin America.
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ArcLight Capital Partners has agreed to sell its hydroelectric generation platform, Great River Hydro, which owns a portfolio of assets across New England.
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Geo Biogás & Tech (formerly GEO Energética) and Grupo Crivellaro have secured financing for a biogas project the pair is partnering on in Brazil.
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Engie has received environmental approval for the expansion of a wind project the company is planning in Chile.
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Energy Harbor Corp, an energy company that is partially owned by Nuveen Asset Management and Avenue Capital, has agreed to sell and then deactivate a pair of its coal plants totaling almost 3GW of generation as it looks to decarbonize its asset fleet.
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Clearway Energy Group has signed a fresh set of power purchase agreements (PPAs) with PacifiCorp, a subsidiary of Berkshire Hathaway.
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2W Energia has won a contract to supply Banco do Estado do Rio Grande do Sul (Banrisul) with clean energy.
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Editor's Note: This article has been amended since publication to include a statement given by Guzman Energy that was issued after press time.
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Steelmaker Companhia Siderúrgica Nacional (CSN) has closed its acquisition of the Quebra-Queixo hydro plant in Brazil.
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Enel Green Power has withdrawn the Faro del Sur wind project the company is developing in Chile from environmental review.
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Electric utility Copel, through its subsidiary Copel Geração e Transmissão, is set to acquire a pair of wind farms in Brazil.
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EDP Renewables North America (EDPR) has commenced the construction of its 202MW Indiana Crossroads II Wind Farm in White County, Indiana.
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Canadian Utilities has agreed to acquire a Canada-based renewables portfolio from Suncor Energy for $730 million.
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German renewables developer Energy Kitchen has received the greenlight to proceed with a duo of wind projects the company is planning in Chile.
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Eneva has closed its acquisition of CELSEPAR, the holding company which owns the largest LNG-to-power asset plant in Brazil.
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InfraRed Capital Partners has entered into an agreement to purchase stakes in four wind projects in the US and Canada from Canadian outfit Algonquin Utilities & Power Corp.
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Engie Energía Chile has agreed a deal to acquire an operational wind project in Chile.
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The National Electric Energy Agency (ANEEL) has awarded 3 contracts in its reserve capacity power auction in Brazil.
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Engie Brasil Energia has hired Vestas for the initial supply, installation, operation and maintenance on parts of Latin America’s largest wind project.
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Public Service Company of New Mexico (PNM), a utility subsidiary of energy company PNM Resources, has retired the last unit of a coal-fired San Juan power plant.
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Neoenergia is the latest company to subscribe to the green hydrogen agenda of the Brazilian state of Rio de Janeiro.
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The renewables platform of Brookfield Asset Management has splurged on the US renewable energy market with the addition of 2 new renewable platforms to its portfolio.
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Japanese conglomerate ORIX Corporation has invested in a 150MW Texan wind power farm via its US Strategic Solutions group – following up last year’s foray into US wind energy.
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Berkshire Hathaway Energy (BHE) has agreed a deal to purchase an almost 400MW portfolio of wind projects in Montana from an affiliate of Morgan Stanley.
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Petroquímica Comodoro Rivadavia’s renewable business, Luz de Tres Picos, plans a bond issuance to finance a pair of Argentinian wind farms the company is developing.
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The Canadian province of Nova Scotia has set a goal of reaching 5 GW of offshore wind generation by 2030, outlining plans for an offshore leasing process.
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Engie North America has signed an agreement with a home appliances company to sell 53 MW of wind generation.
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Oil and gas company BP Energy has struck a deal to purchase the remaining 50% stake of a 470 MW wind project in Kansas that the company co-owns with American Electric Power (AEP).
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Greenbacker Renewable Energy Co has purchased a 54 MW wind project in Illinois from a national renewable energy project developer.
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Brazil’s National Electric Energy Agency (ANEEL) has approved the results of the A-4 New Energy auction held in May.
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Slate Asset Management has entered into a strategic partnership with a Canadian renewables developer through the purchase of a minority stake in the platform.
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A Chilean sponsor is planning a 95.2 MW wind project in the region of Ñuble.
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Engie Brasil Energia has signed a share purchase and sale agreement that will see the company let go of its last coal-fired power plant in Brazil.
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Update: This article was edited on Sept.16 to include the identity of the sell-side financial advisor and additional details about the PPAs.
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Argentina’s Petroquímica Comodoro Rivadavia (PCR) is expanding a wind project the company is developing with steel manufacturer ArcelorMittal Acindar.
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EDF Renewables has inked a memorandum of understanding (MoU) with Prumo Logística, a transportation and energy conglomerate in Brazil.
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J-Power USA has entered into an agreement with a Thai infrastructure company to sell a minority stake in a 1,200 MW combined cycle gas-fired plant in Illinois.
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Canada’s Polaris Renewable Energy, previously known as Polaris Infrastructure, has closed its acquisition of an operational hydro project in Ecuador.
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Raízen has signed a power purchase agreement with fast food chain owner Zamp to supply restaurants across Brazil with renewable energy.
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Brazilian power generator Eneva is planning to issue R$1.9 billion ($362.7 million) in debentures to refinance three of the company’s projects.
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Earthrise Energy has acquired a pair of gas-fired peaker plants in Illinois totaling 984 MW from a subsidiary of ArcLight Capital Partners.
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Brazilian energy company Raízen has formed a partnership to produce renewable hydrogen from ethanol.
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Neoenergia has signed a memorandum of understanding (MoU) with the state government of Rio Grande do Sul in Brazil for the development of green hydrogen and offshore wind.
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The Dominican Republic’s Unified Counsel of Distribution Companies (CUED) has awarded power purchase agreements worth 368 MW of capacity.
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UK-based VH Global Sustainable Energy Opportunities (GSEO) has acquired a 198 MW hydro facility in Brazil.
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Cordelio Power and Tenaska have entered into a joint development agreement which will see the two companies co-originate wind projects in the US and Cordelio purchase 1 GW of renewable generation.
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The Bureau of Ocean Energy and Management (BOEM) has opened the environmental impact statement for an offshore wind project being developed by Orsted North America and Eversource up for public comment.
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Colbún is seeking environmental approval for a 472.5 MW wind project the independent power producer will develop in Chile.
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The Ministry of Energy and Mines of Ecuador has identified 10 hydroelectric projects to add to the country’s energy matrix.
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Clearway Energy Group (CEG) has closed its purchase of a 413 MW portfolio of wind projects from a subsidiary of Edison International Co, having agreed a deal earlier this year.
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Dominion Energy has threatened to withdraw its planned 2.6 GW wind project 27 miles off the coast of Virginia Beach after state regulators set a performance guarantee for the project.
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A regional subsidiary of Eletrobras has begun construction on a wind farm located in the state of Rio Grande do Sul after receiving approval from Brazil’s power regulator ANEEL.
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YPF Luz, the power generation arm of Argentine oil and gas company YPF, has issued a combined $100 million in bonds.
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Brazilian power generator Eneva has completed its acquisition of a 327 MW gas-fired CCGT power plant, dubbed TermoFortaleza.
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AES Brasil and Grupo Unipar have completed their joint venture agreement that will see the pair develop a wind project in Brazil.
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KKR & Co has led a structured investment, along with GCM Grosvenor, in a California-based renewables developer.
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Celepsa, the power producer subsidiary of Grupo Unacem, has secured a green loan to refinance a hydroelectric power plant the company is operating in Peru.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has issued requests for interest (RFI) and competitive interest (RFCI) for the development of offshore wind in the Gulf of Maine.
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A joint venture between Repsol and Ibereólica has secured a project finance debt raise for the construction and operation of a wind project the platform is developing in northern Chile.
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Consumers Energy is set to close a deal that will see the company purchase a 1,176 MW combined-cycle natural gas-fired project from ArcLight Capital Partners.
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A subsidiary of the utility Xcel Energy has entered into a revised agreement with Allete’s renewables subsidiary to purchase a repowered wind project totaling 120 MW in Minnesota.
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Enel Green Power Chile has begun commercial operations for the first hybrid renewable project in Chile.
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Canadian renewable power producer Innergex has found an offtaker for a wind farm the company is developing in the state of Wyoming.
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Pampa Energía has acquired the remaining 50% stake in Greenwind, making the company the sole owner of the platform.
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Engie Energía Perú has secured financing from IDB Invest for a wind farm the French renewable company is developing in Peru.
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The State of Michigan has penned an offtake agreement with Consumers Energy that will see the state procure 68 MW of renewable generation for state government buildings.
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Colombian energy distributor Air-e has signed a memorandum of understanding (MoU) with France's EDF Renewables that will see the two companies co-develop wind projects in the country.
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Activate Renewables, a newly-formed renewable energy platform, has purchased a 115 MW portfolio of renewable assets from Ares Management Corp.
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AES Brasil has acquired a trio of wind complexes totaling 456 MW in capacity in Brazil, a transaction valued at R$2.03 billion ($397 million).
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The Virginia State Corporation Commission (SCC) has given its approval for Dominion Energy to construct a 2.6 GW wind project 27 miles off the coast of Virginia Beach.
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Colombia is moving forward with its plans to promote offshore wind energy after releasing the country's roadmap earlier this year.
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Enel Green Power and HIF Energy have submitted a wind project that the duo is developing in Chilean Antarctica for environmental review.
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BASF, a German multinational chemical company, has secured 250 MW of solar and wind generation through virtual power purchase agreements across the US.
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EDP has agreed to sell its stake in Hydro Global, a joint venture between EDP and the China Three Gorges (CTG) group.
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Chile is retiring three coal-fired power plants with a combined installed capacity exceeding 380 MW as part of its plan to decarbonize the country's power grid.
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Chile’s National Energy Commission (CNE) has selected winners in the renewable power auction the government launched in February.
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Brazilian developer 2W has secured long-term financing for its Kairós wind complex located in the state of Ceará.
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Climate Adaptive Infrastructure (CAI) and Meridian Clean Energy have closed on the purchase of a minority stake in an 850 MW peaking plant in California, as part of a partnership between the two companies.
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Sequitur Renewables, an affiliate of ArcLight Capital Partners, has agreed to acquire a 185 MW portfolio of wind projects from GlidePath Power Solutions.
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German renewable developer ABO Wind has sold its Buffalo Plains wind farm located in Alberta, Canada.
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The government of Rio Grande do Sul has found a buyer in the privatization process of the state’s electricity generation company, Companhia Estadual de Geração de Energia Elétrica (CEEE-G).
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Invenergy has struck a deal with a subsidiary of American Electric Power (AEP) whereby the company will sell a 204 MW wind project it is developing in Illinois.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has identified two potential wind energy areas (WEAs) off the coast of the Gulf of Mexico that it is now taking public comment for.
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Cubico Sustainable Investments has bought two wind projects located in Uruguay from construction company Grupo ACS.
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OMERS Infrastructure has agreed to sell Midland Cogeneration Venture, a 1,633 MW combined-cycle heat and power plant, to a pair of institutional investors.
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Atlas Renewable Energy has submitted a wind project located in the region of Maule to Chile’s Environmental Evaluation Service.
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FGE Power, an Austin, Texas-based renewables developer, has agreed to sell a 531 MW wind project in Texas to a Brazilian energy company.
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Argentina’s MSU Energy is planning to issue a local bond for up to $15.1 million in order to refinance the company’s existing debt and generation expansion.
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Brazilian renewables developer 2W Energia has secured an offtaker for the 261 MW Kairós wind complex in Ceará.
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Enel’s Peruvian subsidiary has signed a 12-year PPA with Siderperu, the country’s largest steel manufacturer.
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Argentina’s Pampa Energía has signed a power purchase agreement for one of its wind farms located in the province of Buenos Aires.
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NextEra Energy Resources has inked a power purchase agreement with a US retailer for the output of a 300 MW wind project the sponsor is developing in Texas.
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The state government of Rio Grande do Sul has launched a fresh attempt to privatize the state’s electricity generation company after failing to attract bids earlier in the year.
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The governor of Rhode Island has signed a bill into law that will see the state procure up to 1 GW of offshore wind generation.
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Iberdrola subsidiary Neonergia has signed a long-term power purchase agreement with Ambev, a Brazilian brewery.
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Entergy Arkansas has issued a request for proposals for 1 GW of solar and wind generation to help support the state’s power needs.
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Clearway Energy Group (CEG) has agreed to purchase a 413 MW portfolio of wind projects from a subsidiary of the public utility Edison International Co.
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Four companies are preparing offers to acquire the concession rights for the development of a combined cycle gas-fired power plant in Ecuador.
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State-owned Comisión Federal de Electricidad (CFE) has entered into an agreement with New Fortress Energy expanding the duo’s collaboration in Mexico.
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Latin American asset manager Patria Investments has completed its acquisition of nine run-of-river hydro assets from ContourGlobal.
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EIG Partners is launching a renewable energy platform in Chile through the merger of EIG-owned Cerro Dominador and recently acquired ANPAC Energia.
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Brazilian development bank BNDES has provided a R$145 million ($27.7 million) loan to fund the expansion of a small biomass plant in Minas Gerais.
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The AES Corporation has purchased a wind project located in Mississippi from Danish manufacturer and developer Vestas.
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The International Finance Corporation (IFC) has mobilized a $50 million financing package for a Brazilian ethanol and biomass plant.
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LyondellBasell has inked two power purchase agreements, marking the petrochemical company’s first renewable PPAs.
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Elera Renováveis has started construction on its Oeste Seridó wind complex that the company is developing in the state of Rio Grande do Norte.
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Brazilian utility Eneva has raised R$4.2 billion ($807 million) in a share offering to finance its acquisition of a 1.6 GW CCGT plant and associated LNG regasification terminal.
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Summit Power has agreed to sell the White Creek Wind I project to Excelsior Energy Capital.
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France’s Veolia has partnered with petrochemical company Braskem on a biomass project that has started construction in the Alagoas state of Brazil.
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LS Power has struck a deal to purchase an 835 MW gas-fired peaker plant in Ohio from ArcLight Capital Partners.
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Brazilian energy company Raízen has inked a power purchase agreement with one of the country’s biggest fashion retailers, Marisa.
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Capstone Infrastructure has secured a renewable attributes purchase agreement for the output of its 192 MW wind project in Alberta, Canada.
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Fortistar has entered into an agreement to sell a 55 MW peaker plant in New York state to a Canadian blockchain tech company which focuses on cryptocurrency mining.
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Engie has completed its acquisition of an 882 MW portfolio of development-stage wind assets in Brazil.
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Miami-based developer Atlas Renewable Energy has submitted the Los Alpes wind project, located in the Araucanía region, to Chile’s Environmental Evaluation Service.
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AES Dominicana, a subsidiary of AES Corp, has acquired a wind project in the Dominican Republic from Inkia Energy.
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Brazilian renewable developer Lisarb Energy has launched an offshore wind joint-venture with UK financial advisory firm Prosperity Energy.
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SPI Energy, a subsidiary of SCC Power, is planning to issue two bonds for up to $135 million to finance the San Pedro power plant in Argentina, marking the subsidiary’s first issuance.
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A pair of buyers have agreed to purchase minority stakes in a 723 MW combined-cycle gas-fired facility in Wisconsin that is supported by a 4 MW solar array from Alliant Energy.
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Atlas Renewable Energy has acquired a wind project from French energy producer Voltalia, the developer's first wind project in Brazil.
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Ocean Winds (OW), the offshore wind joint-venture between EDPR and Engie, is expanding its activities in Brazil through the outfit's new subsidiary OW Brasil.
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Corio Generation is eyeing more than 5 GW in wind capacity off the coast of Brazil, marking the company’s first offshore wind development in the Americas.
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Brazilian renewable developer Omega Energia has inked a power purchase agreement with food producer M. Dias Branco.
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Innergex has closed its acquisition of Aela Energía, adding 332 MW of wind capacity to the Canadian developer’s renewables portfolio in Chile.
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The US subsidiary of Japanese energy company JERA Co has agreed to purchase an over 1.6 GW portfolio of operational dual-fuel peaking plants in Massachusetts and Maine from a Stonepeak Infrastructure Partners fund.
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ReVolve Renewable Power has signed land option agreements with private landowners in Mexico to develop a wind project.
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Enel Green Power Guatemala has signed a hydro power purchase agreement with construction materials company Cemex.
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EDF Renewable Brasil has inked a letter of intent with the state of Paraíba to expand its Serra do Seridó wind complex.
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Enel Peru has started construction of the Wayra expansion project, making the Wayra complex the largest wind project in Peru.
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FDNE, a fund managed by the Superintendency for the Development of the Northeast (Sudene), is disbursing a R$698 million ($146 million) loan to finance wind projects in Brazil.
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Arroyo Energy has agreed to sell a pair of combined cycle plants in Maryland and South Carolina totaling 1,080 MW to a JP Morgan Asset Management-owned energy company.
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Brazilian power generator Eneva is to purchase the 1.6 GW Porto de Sergipe I CCGT plant, the country’s largest LNG-to-power asset.
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The US Department of the Interior (DOI) has announced its plan to hold offshore wind leasing auctions in two areas in the outer continental shelf offshore California, the first offshore wind auction held in the west coast.
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The Ecuadorean Ministry of Energy has prequalified 3 bidders for the 400 MW Guayaquil CCGT tender.
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French energy company TotalEnergies has agreed to purchase a 50% stake in renewables developer Clearway Energy Group for $1.6 billion and a minority stake in SunPower Corp.
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Canadian developer BluEarth Renewables has purchased a 1 GW combined solar and wind project in Colorado from NorthRenew Energy.
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Engie Energia Peru has requested an up to $300 million corporate loan from development finance institution IDB Invest to support the construction of a wind farm.
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After more than two years in the process, Stoneway Capital Corporation closed a restructuring deal under Chapter 11 and CBCA plans, which went effective May 17.
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HIG Capital has closed its purchase of private equity firm Lindsay Goldberg’s paper-producing subsidiary, including the company’s 433 MW portfolio of thermal plants that are located in Pennsylvania, Ohio, Maine and Wisconsin.
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Avenue Capital has struck a deal to refinance its 1.8 GW gas-fired asset portfolio, which comprises eight peaking plants and two gas-fired combined cycle plants spread across California.
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NextEra Energy Resources has signed a virtual power purchase agreement (VPPA) with Ball Corporation for new wind energy to be developed in Texas.
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Goldwind has completed a $270 million refinancing for a portfolio of five Argentine wind farms.
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The US Department of the Interior has announced the winners in the Carolina Long Bay wind energy auction which attracted bids totalling $315 million.
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Spain’s Elecnor has begun the permitting process for a wind project located in the region of Los Lagos in Chile.
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A subsidiary of Algonquin Power & Utilities Corp has entered into a power purchase agreement to sell the output of a 112 MW wind project it is constructing in Michigan.
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Partners Group has found a buyer for its minority stake in an 850 MW contracted gas-fired peaking power plant in California after launching a sale process last year.
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Greenbacker Renewable Energy has acquired a 55 MW wind farm located in the state of New York.
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GE Renewable Energy has been appointed to manage the upgrade of the Itaipu hydroelectric plant – the world’s second-largest hydro facility.
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Casa dos Ventos, through its subsidiary RDVE Subholding, has issued R$430 million ($87.4 million) in debentures to finance the expansion of its Rio do Vento wind complex, located in the state of Rio Grande do Norte.
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BlueFloat Energy has announced plans to develop 5.2 GW of offshore wind projects off the coast of Colombia after the government unveiled its roadmap for project development.
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Galp has agreed to purchase 4.8 GW of wind and solar projects across Brazil, doubling the capacity of its global renewable portfolio.
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Monómeros, the Colombian agricultural and industrial group, has signed a memorandum of understanding (MoU) with public lighting company APBAQ to develop green ammonia in the country.
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Tyr Energy has entered into an agreement to sell a 236.5 MW dual-fuel combined cycle power plant in Wisconsin to a subsidiary of WEC Group.
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Enel Green Power North America has signed a virtual power purchase agreement for a portion of the output of its 250 MW wind farm in Oklahoma.
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Argentina’s Petroquímica Comodoro Rivadavia (PCR) is planning to issue two green bonds for a combined $70 million on May 3 through its renewable energy subsidiary, Luz de Tres Picos.
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Colbún, the Chilean independent energy producer, has added a new wind park in the region of Biobío to the company's project pipeline.
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AC Energy (ACEN), a Philippines-based developer, has entered a partnership to repower wind farms in the United States, thus marking its entry into the US renewable energy market.
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Brazilian power regulator Aneel has approved bid documents for the country’s next power auction, due to be held on 27 May.
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2W Energia, a Brazilian energy company, has a new hybrid project in the pipeline to be developed in the country’s northeast.
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Enel Green Power’s Brazilian subsidiary has brought a 99 MW wind park online.
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CMPC – the wood and paper products manufacturing company – is sponsoring a 144 MW wind farm in Chile through its energy subsidiary Bioenergias Forestales.
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Eight companies have submitted expressions of interest in a tender for a 400 MW combined-cycle gas-fired power plant in Ecuador.
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Eolian, a subsidiary of Global Infrastructure Partners, has closed on a bespoke financing that will support the company’s investment and development of renewable energy projects across the US.
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Atlas Renewable Energy has signed its first wind power purchase agreement with Enel Generacion Chile, marking its entry into the Chilean wind power market.
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Tech company Amazon has procured 3.2 GW worth of renewable energy generation in the US to support the company’s operations in the country.
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AES Chile, a subsidiary of AES Corp, has commissioned its 110 MW wind project in Chile.
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Starwood Energy Group has closed a $710 million refinancing of an almost 1.2 GW portfolio of gas-fired assets in Massachusetts and Pennsylvania after adjusting the debt package earlier this month.
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Aluar Aluminio Argentino, the Argentine aluminum company, has announced it is expanding its 164 MW wind farm by adding 18 new turbines.
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Dutch energy company Vitol has agreed to buy three wind farms totaling 244.4 MW from a BlackRock-managed fund for an undisclosed sum.
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MetLife Investment Management (MIM) has provided $200 million in financing to support the shuttering of two coal-fired plants in New Jersey owned by Starwood Energy Group.
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Nevada utility NV Energy has issued a new request for proposals for the procurement of solar, hydroelectric, geothermal, wind, biomass and biogas facilities.
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Genneia, the Argentine renewable developer, will invest $200 million to finance new renewable energy projects.
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Ørsted has agreed to buy a 121 MW wind farm from Ford Ridge Wind Equity Holdings which is owned by asset manager Ares Management.
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Brazilian power company Cemig has launched a request for proposals for solar and wind projects it wants to acquire.
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Enel, the European Investment Bank (EIB) – through its development branch EIB Global – and SACE are supporting renewable energy and energy efficiency programs in Brazil, Colombia and Peru.
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Argentina’s Pampa Energía has inked a $20 million letter of credit to finance the expansion of its Pampa Energía III wind project in Buenos Aires.
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AES Andes, the Chilean clean energy developer, has signed a power purchase agreement with Microsoft for a datacenter in Chile.
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Enel Colombia has committed to invest COP3.1 billion ($827,000) in its renewable subsidiary Enel Green Power over the next three years.
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TransAlta Corp has signed a power purchase agreement to sell the output of a 200 MW wind farm in Oklahoma.
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Ecuador's ministry of energy and non-renewable natural resources (MERNNR) has extended the deadline for companies to register interest in a tender for a 400 MW combined-cycle gas-fired power plant.
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Toronto-based developer, Potentia Renewables, has secured financing for a 548 MW portfolio of wind projects the company is developing in the Canadian province of Alberta.
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AEP Energy Partners, a subsidiary of American Electric Power, is issuing a request for proposals for renewables projects in the PJM Interconnection market.
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HIG Capital, an alternative investment firm, has agreed to purchase a paper producing portfolio company of Lindsay Goldberg, including the outfit’s 433 MW portfolio of thermal plants spread across Pennsylvania, Ohio, Maine and Wisconsin.
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Engie has secured common equity and tax equity financing for a trio of renewables projects totaling 665 MW that are spread across Texas, Kansas and North Carolina.
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Colombian utilities conglomerate Empresas Públicas de Medellín (EPM) has secured a 50-year extension to its operating concession for three hydroelectric plants in northern Antioquia.
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Sempra Infrastructure, the manufacturing subsidiary of Sempra, has drafted two memoranda of understanding with France’s TotalEnergies, expanding their cooperation in North America.
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Vestas and Tenaris have inked a deal in which the Danish renewable manufacturer will supply 103 MW of wind turbines to the Argentinian subsidiary of Techint.
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The French energy company, Voltalia, has begun construction on its Solar Serra do Mel 3 to 6 (SSM 3-6) projects in Brazil.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has completed its environmental review of a pair of wind leasing areas off the coast of the Carolinas, triggering an auction process.
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EDF Renewables has submitted for environmental approval a 614 MW solar and wind complex in Chile, in what could be the company's largest in the region.
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The New Jersey Board of Public Utilities (NJBPU) has approved a request from Atlantic City Electric (ACE) to alter its power purchase agreements with a pair of coal-fired projects in the state, halting the use of coal at both plants.
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Brazilian renewables developer Renova Energia has brought a portion of its Alto Sertão III wind farm online.
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Inversiones San Carlos SpA, a subsidiary of Canadian renewables developer Innergex, has submitted a 154 MW run-of-river hydro project for environmental review.
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Hull Street Energy has struck a deal to acquire the remaining share of a 240 MW gas-fired cogeneration plant in California, after purchasing a majority stake in the plant from BlackRock last year.
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Shell has filed environmental permits with the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) for its first offshore wind projects in the region.
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Ørsted has brought online a wind project in Nebraska, adding 298 MW to its US portfolio.
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The Dominican ministry of mines and energy has signed a trio of renewable energy power purchase agreements totaling 128 MW of generation.
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AES Brasil has won the auction to acquire a 305 MW wind portfolio in Rio Grande do Norte, having emerged as a stalking horse bidder for the asset last January.
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Scout Clean Energy, a Quinbrook Infrastructure Partners portfolio company, has closed a $250 million revolving credit facility to support the platform’s pipeline of wind, solar and storage projects.
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An American Electric Power (AEP) subsidiary has issued a request for proposals to procure 1,300 MW of renewable energy generation in Indiana and Michigan.
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Apollo Global Management has closed the sale of its 25% interest in a 1,050 MW combined-cycle gas-fired power plant in Pennsylvania.
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AES Brasil has closed its joint venture with local food company BRF to develop a 165.3 MW wind farm in Rio Grande do Norte.
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Tenaska Energy has closed on its purchase of a majority stake in an 845 MW combined-cycle gas-fired plant in Texas that was put up for sale last April.
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BHE Canada, the Canadian subsidiary of Berkshire Hathaway Energy, has signed power purchase agreements with three corporate offtakers for a 130 MW wind project in Alberta.
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AltaGas has struck a deal to sell a 70 MW combined-cycle gas-fired power plant in Colorado to a family trust.
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Omega Energia is planning to take full control of the Assuruá renewables complex in Bahia, Brazil.
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Brazilian power regulator Aneel has approved the draft concession contract for the 1,676 MW Foz do Areia hydro project, which is due to be privatized.
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Copenhagen Infrastructure Partners (CIP) is expected to ink a memorandum of understanding this week to develop the first large-scale offshore wind farm in Latin America.
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Equatorial Energia has completed its acquisition of Actis-owned renewables platform Echoenergia Participações.
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After securing a stalking horse bid from Rockland Capital for a pair of gas-fired peaking power plants in Texas, sponsor Agilon Energy has elected to sell the assets to another buyer instead.
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A consortium of sponsors has secured environmental approvals for the first utility-scale wind farm in Guyana.
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The New Jersey Board of Public Utilities (NJBPU) has postponed its third offshore wind solicitation in order to weigh transmission proposals that would interconnect offshore wind generation to the state's grid, and to allow the recent winners of the NY Bight offshore wind auction more time to prepare their project proposals.
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Enel Green Power Guatemala has signed a hydro power purchase agreement with a trio of local bottlers of Coca-Cola brand products.
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Missouri-based coal producer Peabody Energy has launched a renewables development platform called R3 Renewables through which it plans to develop and acquire 3.3 GW of solar and 1.6 GW of energy storage capacity over the next five years.
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ArcLight Capital Partners has closed its acquisition of a 13-project, 6.75 GW portfolio of fossil fuel-fired assets spread across New Jersey, Maryland, Connecticut and New York from Public Service Enterprise Group (PSEG), after slotting into place two separate acquisition financing packages.
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American Electric Power (AEP) has announced plans to offload its roughly 1.6 GW portfolio of unregulated renewable energy projects.
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German utility EnBW, which partnered with French oil and gas company TotalEnergies on one of the winning bids in last week's New York Bight offshore wind lease sale, has decided to sell its interest in the concession to its partner.
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The provisional winners of the Bureau of Ocean Energy Management’s (BOEM’s) New York Bight offshore wind auction have been revealed, concluding the highest-grossing competitive offshore wind area lease sale in US history.
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ArcLight Capital Partners has closed its acquisition of a portfolio of thermal assets in Connecticut and New York from Public Service Enterprise Group (PSEG), after putting in place acquisition financing.
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The Bureau of Ocean Energy Management's auction of offshore wind lease areas in the New York Bight has carried over into a second day of bidding, with six lease areas still up for grabs.
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Steel manufacturer Tenaris is planning to build a 100.8 MW wind farm in Argentina to power its local manufacturing operations.
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Acciona Energía is entering the Peruvian market with the purchase of a 131.1 MW wind farm in the Ica region.
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Innergex has completed a bought deal equity offering and a concurrent private placement to fund its purchase of a Chilean wind platform.
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The US Bureau of Ocean Energy Management (BOEM) has launched its highly anticipated auction for offshore wind leasing areas in the New York Bight, taking in bid offers totaling more than $1.3 billion.
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Details have emerged on the acquisition financing that ArcLight Capital Partners slotted into place to finance its purchase of a 4.8 GW portfolio of thermal assets in New Jersey and Maryland.
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Ecuador's Ministry of Energy and Non-Renewable Natural Resources (MERNNR) has extended the deadline for companies to register interest in a trio of tenders for renewables, gas-fired and transmission projects in the country.
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Public Service Enterprise Group (PSEG) has completed the sale of a portion of its 6.75 GW fossil fuel fleet to a subsidiary of ArcLight Capital Partners.
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Despite it being hardly two months into the new year, the M&A market for power and renewables is already heating up with a seemingly endless stream of project and platform sale launches. But despite the buzz around renewables, deal watchers say there is still a “bullish” buyer base that believes in the medium-term viability of gas-fired projects over the next two decades.
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The Brazilian state of Rio Grande do Sul has postpone an auction for its electricity generation company, CEEE-G, which was slated to be held on February 15.
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Brazilian developer Eneva has begun commercial operations at its 141 MW Jaguatirica II gas-fired combined-cycle project in Roraima.
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Sempra Infrastructure has started operations at the 108 MW Sierra Juárez II wind farm in Baja California – the first cross-border renewable energy project between Mexico and the US.
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Brazilian power regulator Aneel has opened a public consultation for its A-4 power auction, which is scheduled to take place on May 27.
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Montreal-based Boralex has agreed to sell a 34.5 MW biomass plant in Québec, signaling the company’s exit from the biomass generation sector.
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Norwegian renewables developer Aker Offshore Wind has found a buyer for a portion of its 47% stake in Californian floating offshore wind platform designer Principle Power.
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BBGI Global Infrastructure has invested C$41 million ($32.1 million) in the vehicle responsible for delivering the John Hart Generating Station Replacement P3 hydro project in Vancouver.
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Eversource Energy and Orsted’s offshore wind joint venture, South Fork Wind, has reached a final investment decision on its namesake offshore wind farm off the coast of New York state.
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JP Morgan has launched a sale process for a wind farm in Texas that is the subject of litigation proceedings over its force majeure claim during winter storm Uri.
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Innergex has inked a deal to purchase a platform of newly-built wind projects in Chile, which would make it one of the largest renewables-focused independent power producers in the country.
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Axium Infrastructure has secured financing for its acquisition of a 49% stake in a roughly 1.4 GW portfolio of wind and solar projects in the US.
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A private equity firm has closed an amend-and-extend deal on the project finance loan associated with its gas-fired project in Rhode Island.
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The state of Louisiana has outlined plans to develop 5 GW of offshore wind capacity by 2035 under its Climate Action Plan.
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Vineyard Wind, the offshore wind joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP), has appointed a new CEO.
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Neoenergia has signed a green financing agreement with the European Investment Bank (EIB) to fund renewable energy projects in Brazil.
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DTE Energy has issued a request for proposals (RFP) for solar and wind projects, with or without storage, totaling 500 MW.
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Brazilian development bank BNDES is providing an up to R$655 million ($124 million) debt package to finance the construction of the Ventos de São Vítor wind complex in Bahia.
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Total Eren has commissioned the Terra Santa and Maral wind farms in the state of Rio Grande do Norte in Brazil.
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Evolugen (formerly Brookfield Renewable Canada) has signed a power purchase agreement with a Canadian utility for the output of four hydro projects in Québec.
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PJM Interconnection and the New Jersey Board of Public Utilities (NJBPU) have outlined plans to interconnect about 7.5 GW of offshore wind generation to the grid by 2035, through proposed transmission projects.
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AES Corp has emerged as the stalking horse bidder for a 305 MW portfolio of wind farms owned by Renova Energia in Brazil.
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Invenergy has closed construction financing for a 250 MW wind project in Illinois.
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NextEra Energy Resources has inked a power purchase agreement with an Arizona utility for the output of a hybrid wind, solar and energy storage project in the state.
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NextEra Energy Resources has struck a deal to sell a 62.4 MW wind project in North Dakota to a Minnesota-based utility.
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Brazil's Equatorial Energia has announced a follow-on share offering, with plans to use the proceeds to fund its purchase of Actis-owned renewables developer Echoenergia Participações.
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A Virginia-based energy company has wrapped acquisition financing for a portfolio of peaking power plants in Illinois.
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EDP Renewables has repowered a merchant wind farm in Oklahoma, making it the first repowering project to be completed by the Spanish firm in the US.
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Apex Clean Energy has secured a power purchase agreement for a 225 MW wind project in central Iowa.
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The Ecuadorean national electricity corporation (CELEC) is seeking an adviser to support the procurement process for a new, large hydro project.
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The Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan (COP) of the South Fork wind project off the coast of Rhode Island.
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ContourGlobal has found a buyer for its Brazilian hydro business, which includes nine run-of-river hydro power plants totaling 168 MW of capacity.
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Sempra Infrastructure Partners – a recently-created subsidiary of Sempra Energy active in LNG and associated infrastructure in the US and Mexico – has completed its inaugural private placement.
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Leeward Renewable Energy has signed four power purchase agreements for up to 640 MW of renewables-powered generation with telecommunications company Verizon.
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Rio Energy has secured preliminary environmental permits for a 435 MW wind farm in the Brazilian state of Rio Grande do Sul.
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Apex Clean Energy has inked a power purchase agreement with Great River Energy (GRE) for the output of a 400 MW wind project in North Dakota.
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Norway's Equinor has hired a new head of US project finance from Colorado-based Summit Utilities.
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Copenhagen Infrastructure Partners (CIP) is establishing a joint venture with two Austrian energy companies to develop a major green hydrogen project in Chile.
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The US Department of the Interior (DOI) has greenlit a lease sale in the New York Bight, marking the first offshore wind lease auction under the Biden administration.
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An InterEnergy-led consortium has clinched a senior secured term loan to finance the acquisition and construction of a Panamanian gas-fired power plant.
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Avangrid Renewables and Copenhagen Infrastructure Partners (CIP) have completed the restructuring of their 50:50 Vineyard Wind joint venture and promoted a pair of senior staffers to support the JV.
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The US Bureau of Ocean Energy Management (BOEM) is preparing a draft environmental assessment (EA) weighing the impact of leasing offshore wind projects in the Gulf of Mexico.
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Local environmental regulators have granted permits for the 1.5 GW Alfazema hybrid wind and solar complex in Bahia, Brazil.
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BlackRock has agreed to buy a minority stake in a 945 MW gas-fired plant in Georgia from a subsidiary of Mitsubishi Corp Americas.
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The Brazilian state of Rio Grande do Sul is planning a concession for the construction of a wind farm on the Laguna dos Patos – the largest coastal lagoon in South America.
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The CEO of Mayflower Wind Energy, the offshore wind joint venture between Shell New Energies and EDPR Offshore North America, has taken up a new role.
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Invenergy has secured a $3 billion equity investment from Blackstone to accelerate its renewables development activities.
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Colombian utility Air-e has received interest from 22 companies for its first private power auction in the country.
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Itau Unibanco has announced plans to increase its stake in AES Brasil-owned wind and solar power company Guaimbe Solar.
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New York governor Kathy Hochul has outlined plans to strengthen offshore wind generation in the state, including a $500 million investment in offshore wind projects and infrastructure.
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Leeward Renewable Energy has secured debt and tax equity financing for a 54.4 MW wind repowering project in Illinois.
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A private equity firm is arranging an amend-and-extend deal on the project finance loan associated with its gas-fired project in Rhode Island.
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A buyer has emerged for a majority stake in a combined-cycle gas-fired power plant in Texas that was put up for sale last April.
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A Houston-based private equity firm has emerged as the stalking horse bidder for a pair of gas-fired peaking power plants in Texas.
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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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Private equity firm Hull Street Energy has closed its acquisition of a simple-cycle dual-fuel peaking plant in Connecticut from an electricity cooperative.
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Invenergy has closed construction financing for a 104 MW wind farm in New York state which will form part of the renewable generation portfolio of the $11 billion Clean Path New York infrastructure project.
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Apollo Global Management has reached first close on an $816 million convertible equity financing supporting a 2.5 GW portfolio of NextEra Energy Partners (NEP) renewable energy projects.
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AES Brasil Energia and chemical firm Unipar Carbocloro are planning to launch a joint venture to develop a 91 MW wind farm in Brazil.
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PNM, the New Mexico utility subsidiary of PNM Resources, has filed a notice of appeal with the New Mexico Supreme Court after the utility’s application to divest its interest in the Four Corners coal-fired power plant was denied by the New Mexico Public Regulation Commission (NMPRC).
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The Dominican Republic's National Energy Commission has granted Poseidon Energia Renovable the definitive concession to develop a 50 MW wind farm in the country.
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TransAlta Corp has secured a pair of power purchase agreements with an investment-grade offtaker for a 300 MW wind complex in Oklahoma.
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Taaleri Energia has secured €44 million ($49 million) in financing to build a wind and solar portfolio across Texas as well as several European countries.
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Avangrid Renewables’ offshore wind project, Commonwealth Wind, has been selected as part of Massachusetts’ competitive offshore procurement process.
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Starwood Energy Group has agreed to purchase an outstanding 40% share in a 262 MW coal-fired plant it co-owns with Atlantic Power.
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The Department of the Interior (DOI) has completed its environmental review of the offshore leasing area in the New York Bight.
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An offshore wind joint venture between Shell New Energies and OW Americas has been awarded a contract to provide offshore wind energy to the Commonwealth of Massachusetts.
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Apollo Global Management has agreed to sell its 25% stake in a 1,050 MW combined-cycle gas-fired power plant in Pennsylvania to a South Korean energy company.
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Canadian private equity company Fiera Infrastructure has purchased I Squared Capital’s landfill gas-to-energy platform.
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Two international banks are nearing close on a bridge debt package for a roughly 200 MW gas-fired power plant in Colombia.
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A sponsor has launched the sale of a portfolio company in Chile, which owns 332 MW across operational wind farms.
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Brazilian developer Lisarb Energy has inked a 12-year power purchase agreement with an energy trading company for a wind farm in Brazil.
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A consortium led by InterEnergy has reached financial close on a debt package that will finance a 656 MW LNG-to-power project in Panama.
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Ecuador’s Ministry of Energy and Non-Renewable Natural Resources has launched three procurement processes for renewables, gas-fired and transmission projects in the country, which were announced in September.
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Publicly listed-firm Engie Brasil Energia has inked a debt package for the first phase of a wind complex in the Brazilian state of Rio Grande do Norte.
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AES Clean Energy, a renewable energy platform co-owned by AES Corp and Alberta Investment Management Corp (AIMCo), has closed the purchase of a portfolio of wind projects from The Carlyle Group.
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Manulife Investment Management has held a final closing on the Manulife Infrastructure Fund II (MIF II), a $4.65 billion private fund that invests in US energy assets, among others.
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A ProEnergy subsidiary has secured a project finance deal to support a 288 MW gas-fired peaking power plant in Texas.
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Colombia’s Empresas Publicas de Medellin is in talks with IDB Invest to determine the terms of the prepayment of the debt covering the sponsor’s 2.4 GW Ituango hydro project in northern Colombia.
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Scout Clean Energy, a Quinbrook Infrastructure Partners portfolio company, has secured a power purchase agreement for the output of a wind project in California that the firm is planning to repower.
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Massachusetts-based firm Kendall Sustainable Infrastructure (KSI) has secured financing to support a portfolio of renewable projects primarily located in New York.
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An ArcLight Capital Partners’ subsidiary has reached financial close on its acquisition of NRG Energy’s fossil fuel-fired generation fleet, as well as on the financing to support the deal.
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Spanish firm Dominion has sold a minority stake in its renewable energy business and closed a capital increase to finance its pipeline, which exceeds 1 GW of power.
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An offshore wind joint venture between EDP Renewables (EDPR) and Engie has appointed a new CEO after the previous one stepped down.
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Generation Bridge II, a subsidiary of ArcLight Capital Partners, has launched acquisition financing for the New York- and Connecticut-based fossil fuel assets it purchased from Public Service Enterprise Group (PSEG).
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Brazilian utility Copel has closed the acquisition of a 186.7 MW wind complex from Voltalia Energia do Brasil, six months after the sale was announced.
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A subsidiary of Apex Clean Energy has sold a 300 MW wind project in Texas to a Japanese developer through a stock purchase agreement.
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A Blackstone Infrastructure Partners portfolio company has submitted an application to develop an offshore wind transmission project to the New Jersey Board of Public Utilities (NJBPU).
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NextEra Energy has agreed to sell a 50% stake in a 2,520 MW portfolio of renewable energy assets to the Ontario Teacher’s Pension Plan (OTPP).
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Enel Chile has announced it is working on three solar parks and two wind-plus-storage farms in Chile, totaling 1,222 MW.
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Spain's Acciona Energia has agreed to buy a pair of wind farms totaling 850 MW in Bahia, marking its debut in the Brazilian renewables market.
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Vinci Partners Investments has formed a partnership with Brazilian renewable energy company Gradiente Energia Renovaveis – part of Grupo Electra – to develop wind and solar projects in the South American country.
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The Department of the Interior’s (DOI’s) Bureau of Ocean Energy Management (BOEM) has approved the construction of the South Fork Wind project off the shore of Rhode Island.
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Rockland Capital is arranging acquisition financing for a pair of gas-fired peaking power plants in Texas that it is purchasing from a sponsor that recently filed for Chapter 11 bankruptcy protection.
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Leeward Renewable Energy has clinched a $190 million debt package for a wind project that the company is constructing in Colorado.
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Orsted has closed its acquisition of a 302 MW operational wind project in Illinois from Ares Management Corp.
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NextEra Energy Partners (NEP) has exercised a buyout option to repurchase a minority equity interest in a portfolio of wind and solar assets from BlackRock.
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A subsidiary of Chile’s Grupo SAESA has filed for environmental permits to expand an operational 3.78 MW wind farm by 28.42 MW.
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A subsidiary of Chile's AES Andes has filed for Chapter 11 bankruptcy protection in the US after reaching a restructuring agreement with its creditors.
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Copenhagen Infrastructure Partners (CIP) has signed a memorandum of understanding (MoU) to develop a 1.8 GW offshore wind and green hydrogen project in Brazil.
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Houston-based Ceiba Energy, which is backed by Denham Capital, has bought Breitener Energética, a holding company with two gas-fired power plants in Manaus, Brazil.
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Generadora Metropolitana Renewables, a joint venture between Andes Mining & Energy (AME) and France's EDF Renewables, is shuttering a pair of Chilean diesel-fired power plants totaling 100 MW.
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Enel Generacion Chile has inked a power purchase agreement with commercial manufacturing firm Rheem in Chile.
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Entergy’s Mississippi subsidiary has outlined plans to replace some of its gas-fired fleet with around 1 GW of renewable energy over the next five years.
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In a deal that came down to the wire, Ares Management Corp has closed the refinancing of Panda Power’s 778 MW combined-cycle, gas-fired Stonewall project in Virginia, which it is in the process of acquiring.
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Bank of America has agreed to finance InterEnergy Group's wind and solar pipeline and its electric vehicle charging infrastructure across Latin America and the Caribbean.
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Dominican developer Empresa Generadora de Electricidad Haina (EGE Haina) has closed a sustainability-linked bond issuance to refinance its debt as it grows its renewables portfolio.
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Enel Green Power Peru has requested a debt package from a development finance institution to support the expansion of a 132 MW wind farm in the country.
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Brazilian developer Casa dos Ventos Energias Renovaveis has secured an offtaker for a portion of the output of a 360 MW wind farm in Brazil.
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Brazil’s Petrobras has reached financial close on the sale of interests in a pair of hydro power plants and a gas-fired project to Global Participacoes Energia (GPE), making the latter the sole owner of the companies controlling the assets.
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A Swiss private equity firm is preparing to take first round bids for its minority stake in a contracted gas-fired peaking power plant in the Golden State.
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The Blackstone Group has sold its quasi-merchant fossil-fuel fired Lonestar II portfolio in Texas after striking a bilateral deal.
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AES Corp has inked a power purchase agreement with Microsoft Corp that will power the tech giant’s data centers in Virginia.
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A buyer has emerged for BlackRock Global Energy & Power Infrastructure Fund I’s majority stake in a 240 MW gas-fired cogeneration plant in California.
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Colombian utility Air-e has published a rough timeline for its first private power auction in the country.
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A BlackRock-backed wind developer has found a buyer for a merchant wind farm located in New York state.
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Alberta Investment Management Corp (AIMCo) has struck a deal to acquire minority stakes in a pair of wind projects from AES Corp.
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Engie Energia Chile has begun the permitting process for a 173.6 MW wind farm in the Chilean region of Los Lagos.
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NextEra Energy Partners (NEP) has agreed to buy a 102 MW wind farm in California from Starwood Energy Group.
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Brazilian firm Equatorial Energia has signed a deal to buy Actis-owned renewables platform Echoenergia Participações as it grows its portfolio in the country.
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Utility company Alabama Power Co has agreed to purchase a dual-fuel simple-cycle plant from private equity firm Harbert Management Corp.
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A debt and equity raise for a merchant gas-fired project in Queens, New York has been scuppered after the project's air permit was denied by state regulators.
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PSEG and Orsted have submitted several joint proposals to develop offshore wind transmission infrastructure within the PJM Interconnection market.
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Greenbacker Renewable Energy has acquired a pair of operational wind projects in Minnesota from Minneapolis-based developer PRC Wind.
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Brazilian power regulator Aneel and electricity commercialization chamber CCEE have completed an October capacity auction and are working on two new procurement processes.
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A buyer north of the border has emerged for American Electric Power's regulated utility subsidiary Kentucky Power and its regulated transmission business AEP Kentucky Transco.
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A buyer has emerged for a portfolio of gas-fired peaking power plants located in downstate Illinois, following a competitive auction process.
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Australia's Montem Resources is considering building a renewable energy complex, comprising wind, pumped hydro storage and a green hydrogen electrolyzer, on its Tent Mountain coal project site in Alberta.
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Connecticut-based asset manager Atlas Holdings has agreed to acquire the remaining stake in a 1,110 MW fleet of mostly fossil fuel-fired peaking plants that it doesn't already own through a joint venture with a commodities trader.
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Brazilian developer Votorantim Energia is planning to partner up with the investment arm of Canada Pension Plan to consolidate their energy assets into an integrated publicly-listed renewables platform.
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Investor-owned utility Evergy has issued a request for proposals (RFP) for up to 1 GW of wind generation to supply its customers in Kansas and Missouri.
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Independent power producer Colbun is arranging a bond issuance to fund the development of its renewable energy portfolio in Chile.
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Rockland Capital has launched a competitive auction process for a biomass facility in Georgia.
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Colombian utility Air-e has announced that it is readying its first private power auction to procure renewable energy generation.
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The Bureau of Ocean Management (BOEM) has outlined plans to hold up to seven new offshore wind lease sales before 2025.
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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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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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Avangrid Renewables has appointed a pair of co-CEOs following the departure of the incumbent, Alejandro de Hoz, from the company.
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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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French oil and gas giant TotalEnergies and UK-based developer Simply Blue Group have launched a joint venture to develop floating offshore wind projects in the US.
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Lead arrangers have laid out the terms for the almost $2.4 billion construction debt package for the 800 MW Vineyard Wind project off the coast of Massachusetts, which was launched into syndication last week.
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Clearway Energy has financed a 7.5 GW fleet of renewable power projects in the US with $775 million of corporate credit facilities arranged by a club of banks.
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A subsidiary of sugar and ethanol producer Raizen has agreed to launch a joint venture with Brazilian power generator Grupo Gera to develop renewable distributed generation projects in the country.
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A pair of banks leading a $780 million construction financing for a 656 MW LNG-to-power project in Panama has reached out to lenders for the syndication of the debt.
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Middle-market private equity firm Hull Street Energy has agreed to purchase an 84 MW simple-cycle dual-fuel peaking plant in Connecticut.
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Norwegian power company Statkraft has begun construction on a 30 MW wind farm in Chile.
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Stalking horse bids are due soon for a pair of operational gas-fired peaking power plants in Texas.
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Colombian developer Axia Energia has refinanced an 88 MW dual-fuel reserve power plant in the country's Magdalena department.
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Ares Management Corp has struck a deal to acquire a majority stake in Apex Clean Energy.
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Chemical supplier Dow has clinched two power purchase agreements in the Americas, namely one in Canada and another in Brazil.
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Brazil’s power regulator Aneel has approved a capacity auction that will take place later this month, in an effort to optimize hydro resources as the country faces its worst drought in over 90 years.
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I Squared Capital has launched a renewable energy platform led by former GE Energy Financial Services (GE EFS) staffers, called Cube Green Energy.
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Brazil has completed its third power auction for 2021, which favored solar and wind generation projects.
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Altius Renewables Royalties Corp and Apollo Infrastructure Funds have closed a $52.5 million royalty investment in a trio of operational renewable energy projects in Texas owned by Toronto-based private equity shop Northleaf Capital Partners.
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The merger of Enel's Chilean subsidiaries, namely Enel Generacion Chile and Empresa Electrica Pehuenche, has been suspended after failing to gather support among the latter's shareholders.
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Sempra Energy has closed the sale of a 20% stake in its subsidiary, Sempra Infrastructure Partners, to investment firm KKR & Co, five months after announcing the deal.
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Brazilian developer Casa dos Ventos Energias Renovaveis has signed a 20-year power purchase agreement with a petrochemical firm for a 360 MW wind farm in Brazil.
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A New York-headquartered developer has closed the refinancing of a combined-cycle gas-fired power plant in Pennsylvania.
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London-based fund manager Sustainable Development Capital (SDC) has closed its acquisition of a 35% stake in Primary Energy Recycling Corp, a portfolio of waste-heat-to-power and cogeneration projects supplying steel mills in the Midwest.
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Generadora Metropolitana Renewables, a joint venture between Andes Mining & Energy (AME) and France's EDF Renewables, has reached financial close on a solar and thermal project financing in Chile.
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PPL Corp's distributed generation subsidiary, Safari Energy, has commercialized a 15 MW solar project in Pennsylvania which has a power purchase agreement with a local municipal electric utility.
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Allete has struck a deal to sell down a portion of its 50% ownership interest in a combined-cycle gas-fired power plant that it is developing in Wisconsin.
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Wind sponsors look poised to favor a "more equitable" direct-pay structure following the approval of a portion of the Democrats’ proposed $3.5 trillion spending package by the US House of Representatives' Ways and Means Committee, which could alter the tax equity landscape, say insiders at REFF Wall Street 2021.
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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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Spain's Repsol and Grupo Ibereólica have completed construction on a 188.1 MW wind farm in Chile’s Atacama region.
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Colombian developer Empresas Publicas de Medellin (EPM) has begun the permitting process for a roughly 100 MW wind farm in the country.
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New York state has selected an $11 billion infrastructure project developed by Invenergy, energyRe and the New York Power Authority (NYPA) to deliver more than 7.5 million MWh of renewables-powered electricity within the state.
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Global Infrastructure Partners (GIP) has arranged a bond issuance to refinance the bridge facilities that it used to fund its acquisition of one of Mexico's largest independent power producers in August.
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The identity of the financial adviser to Companhia Energetica Integrada (CEI) on its recently formed renewables joint venture with Nebras Power Investment Management (NPIM) in Brazil has emerged.
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Avangrid Renewables has appointed a new president of its onshore division, who previously oversaw onshore activities across the Americas for Siemens Gamesa.
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The president of Vestas' North America division has left the firm for a role at an independent power producer based in the UK.
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The Brazilian subsidiary of oil and gas giant Royal Dutch Shell plans to invest R$3 billion ($569.1 million) in power generation assets in the country.
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Independent power producer Colbun has approved the construction of a 778 MW wind project in the country's Antofagasta region.
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Ecuador’s Ministry of Energy and Non-Renewable Natural Resources has announced the launch of three procurement processes for renewables, gas-fired and transmission projects in the country.
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The Brazilian Ministry of Mines and Energy has outlined the terms of a capacity auction to be held for both renewable and thermal power projects in the country.
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Avangrid Renewables and Copenhagen Infrastructure Partners (CIP) have agreed to restructure their 50:50 Vineyard Wind joint venture in an effort to focus on their own expansion plans in the US offshore wind market.
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Pattern Energy and Nigig Power Corp have wrapped a C$1.2 billion ($0.94 billion) refinancing for their jointly owned 300 MW Henvey Inlet wind farm in Ontario.
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EDP Renewables has signed a power purchase agreement for the full output of a 297 MW wind farm in Alberta, Canada.
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The lead arrangers on the almost $2.4 billion construction debt package for the 800 MW Vineyard Wind project off the coast of Massachusetts have begun sounding out lenders to participate in syndication.
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LS Power subsidiary Rise Light & Power has bought the site of a retired oil-fired power plant in New Jersey and plans to redevelop it as an interconnection point for offshore wind farms to deliver electricity to the state's grid.
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The US House of Representatives' Ways and Means Committee has approved a critical portion of the Democrats' proposed $3.5 trillion spending package, which includes federal tax credit extensions and a direct-pay option, but market participants have warned that some of the newer measures mixing social and energy policies could have "cataclysmic ramifications."
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Ares Management Corp has kicked off the refinancing of Panda Power's 778 MW combined-cycle, gas-fired Stonewall plant in Virginia, which it is in the process of acquiring.
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The sale of BlackRock’s stake in a 240 MW contracted gas-fired cogeneration plant in California has moved into the next phase of bidding.
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AES Corp's Brazilian subsidiary, AES Brasil Energia, has reached out to investment banks as it evaluates a potential follow-on share offering.
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British private equity firm Actis has agreed to acquire a roughly 2.2 GW portfolio of thermal power plants in Mexico from a consortium of investors.
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Orsted has appointed a new CEO of its onshore wind business following the departure of Declan Flanagan from the company last month.
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Enel Green Power North America has signed a virtual power purchase agreement with yoga and athletic wear company lululemon for the output of a combined wind and battery storage project in Texas.
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A club of nine international and US banks has reached financial close on a $2.3 billion senior debt package to fund the construction of the 800 MW Vineyard Wind project off the coast of Massachusetts.
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Spanish independent power producer Opdenergy has brought online its first wind farm in Chile, totaling 50 MW.
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Brazilian development bank BNDES has suspended loan repayments for hydro power plants that each have a capacity of more than 50 MW, as the country faces a devastating drought.
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US Senate Finance Committee chairman Ron Wyden (D-Ore) has proposed a slate of tax reforms that could freeze the use of the partnership flip structure in the tax equity market.
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Sempra Energy’s cash tender offer for a 3.6% slice of publicly-held shares in its Mexican subsidiary, Infraestructura Energética Nova (IEnova), expired on September 10.
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Algonquin Power & Utilities Corp subsidiary Liberty Power has secured a corporate offtaker for the output of a wind project in the Prairie State.
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As the Dominican Republic starts opening up to private investments in renewable energy projects under President Luis Abinader, local developer Grupo Energético 23 (GE23) managed to wrangle debt financing for its first such asset in the country this summer.
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Mainstream Renewable Power has begun the permitting process for a 192 MW wind farm in the Chilean region of Antofagasta.
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Minnesota-based utility company Otter Tail Power Co is preparing to sell its stake in a 420 MW coal-fired power plant in North Dakota.
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Chile’s National Energy Commission (NEC) has announced the winning bidders for 15-year power purchase agreements that will power distribution companies (discos) in the country.
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A New Jersey-based independent power producer has launched a sale process for a 20 MW wind project located in California.
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A spate of thermal and renewable M&A deals has been launched into the Brazilian power market, with sponsors across the country putting their operational power plants up for sale.
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Energy Capital Ventures (ECV), a recently established venture capital firm based in Chicago, has closed its first fund, which will invest in natural gas utility companies aiming to meet their environmental, social and governance objectives.
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Engie's Brazilian subsidiary, Engie Brasil Energia, has locked in a buyer for an 857 MW coal-fired power plant in the country while concurrently taking bids for another coal-fired asset.
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The Bureau of Ocean Energy Management (BOEM) has outlined plans to conduct an environmental review of an offshore wind project being developed by Orsted North America and Eversource off the coast of New York state.
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NextEra Energy Partners (NEP) has closed its acquisition of a 391 MW portfolio of wind projects in California and New Hampshire from Brookfield Infrastructure Partners.
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To download a PDF version of this Q&A, click here.
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Starwood Energy Group has struck a deal to sell a 503 MW simple-cycle dual-fuel power plant, located in the MISO market, to a Wisconsin-based electric cooperative.
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Vancouver-based renewables developer Elemental Energy has signed a power purchase agreement with a Canadian pipeline operator for the output of a solar project in Alberta.
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Grupo Energetico 23 (GE23) has started constructing the second phase of an operational 48.3 MW wind farm in the Dominican Republic.
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Brazilian power regulator Aneel has approved a September auction which will award power purchase agreements to solar, wind, hydro and thermal power plants in the country.
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AES Andes has begun the permitting process for a 258 MW wind farm in Chile's Biobio region.
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Ecuador’s Ministry of Energy and Non Renewable Natural Resources has updated its power generation plans to include an additional 1.44 GW of renewable electricity by 2031.
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Atlantic Power has agreed to sell a portfolio of run-of-river hydro projects in New York state to a pair of Canadian buyers.
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Brazilian power regulator Aneel has authorized the start of commercial operations for a 33.6 MW wind farm in the state of Bahia.
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EDP Renewables North America has signed a corporate power purchase agreement for the output of a 200 MW solar project in the state.
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Brazilian power regulator Aneel has approved the start of commercial operations of a wind and solar project pair totaling 34.3 MW in the country’s northeast.
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Two winning bidders have emerged for The Carlyle Group’s roughly 600 MW Valcour Wind Energy portfolio in New York state, following a competitive sale process that kicked off earlier this year.
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BlackRock Real Assets has acquired a Minneapolis-based renewables developer focused on early-stage wind and solar projects across the US.
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AES Brasil Energia and local food company BRF have formed a joint venture to develop and sell wind power in Brazil.
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The Bureau of Ocean Energy Management (BOEM) has completed its environmental review of the 130 MW South Fork Wind project off the coasts of New York and Rhode Island.
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Public Service Enterprise Group (PSEG) has agreed to sell its 6.75 GW fossil fuel portfolio to ArcLight Capital Partners, following an auction process that launched around this time last year.
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Brazilian power developer Casa dos Ventos has signed two renewables power purchase agreements totaling 137 MW with Brazilian state-owned energy company Companhia Paranaense de Energia (Copel).
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Enel Green Power North America has signed a virtual power purchase agreement for a portion of the output of its Rockhaven Wind project in Oklahoma.
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Details have emerged on the financing led by a trio of banks to support Global Infrastructure Partners' (GIP's) acquisition of a 49% stake in AES Andes' renewables portfolio in Chile.
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Gas Natural Acu (GNA) has raised R$1.8 billion ($343.93 million) through an offering of debentures to refinance a 1.3 GW gas-fired power plant in Brazil.
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Orsted has signed a power purchase agreement with Microsoft Corp for the output of a 430 MW solar project in Fort Bend County, Texas.
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Chile’s National Energy Commission (NEC) has taken offers from 29 companies as part of its many times delayed power auction.
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Renova Energia has awarded its stake in hydro firm Brasil PHC to an Emirati state-owned holding company, following a competitive sale process.
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Enel Generación has inked a four-year supply agreement with fruit company Copefrut in Chile.
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The start of August has put corporate offtakers at the center of the power market, with several corporations taking the lead in signing power purchase agreements with renewables developers. From fast food firms to packaging companies, corporate offtakers are increasingly stepping up to sign long-term contracts for renewable energy projects.
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NextEra Energy Resources (NER) is planning to drop a 590 MW portfolio of renewable energy projects into its yield company, NextEra Energy Partners (NEP), in a deal that will mark the yieldco's first ever acquisition of distributed generation solar assets.
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A project finance manager at EDF Renewables Chile has taken up the same title Mainstream Renewable Power, overseeing the Latin America region.
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Apex Clean Energy and funds managed by Ares Management Corp have secured a consortium of corporate offtakers for a wind project that they are jointly developing in Fort Ridge County, Illinois.
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Innergex Renewable Energy has purchased the firm that owns and operates an 18 MW run-of-river hydro project in the Chilean region of Los Lagos.
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Moody's Investors Service has revised its outlook on The Carlyle Group's Nautilus Power portfolio from stable to negative in light of the recent PJM capacity auction results for delivery year 2022/2023.
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InterEnergy Group has entered the Uruguayan renewables market with the acquisition of three wind farms in the country totaling 30 MW.
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Neoenergia, the Brazilian subsidiary of Iberdrola, has brought online a portion of the 471.25 MW Chafariz wind complex in Brazil.
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The Bureau of Ocean Energy Management (BOEM) has issued a notice of intent to conduct an environmental impact study of Avangrid Renewables' Kitty Hawk North offshore wind project off the coast of North Carolina.
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EDF Renewables' Brazilian subsidiary has struck a deal to sell a 50% stake in its Ventos de Bahia III wind farm in Bahia.
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Spanish independent power producer OPDEnergy has secured an offtaker for a 63 MW (DC) solar project that it is developing in Clarke County, Virginia.
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A pair of sponsors is nearing financial close on a wind and solar complex in Chile with a club of banks.
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The Bureau of Ocean Energy Management (BOEM) is issuing a call for information and nominations to develop offshore wind projects in two new federal lease areas off the coast of California.
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The 972 MW gas-fired Linden Cogen facility in New Jersey, which is owned by a consortium of Asian investors, is being partially converted to running on a blend of both hydrogen and natural gas.
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Enel Green Power's subsidiary in Guatemala has signed a two-year power purchase agreement with McDonalds Corp's local branch.
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Invenergy has secured a buyer for a 90% stake in a 250 MW wind project that it is developing in Illinois.
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Details have emerged on a roughly $1 billion debt financing that a pair of sponsors is leading for a portfolio of mixed generation assets in Chile, which include both operational and greenfield projects.
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Cubico Sustainable Investments has revealed the tax equity investor for a repowered wind project in California that it bought toward the end of last year.
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Altius Renewables Royalties Corp and Apollo Infrastructure Funds have closed an additional $20 million royalties investment in Apex Clean Energy's renewables development portfolio.
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Orsted has reached a deal to acquire a 300 MW wind project in Illinois from Ares Management Corp.
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Ecuador's Ministry of Energy and Non-Renewable Natural Resources is preparing to procure 500 MW of renewable generation in the country, up from its previously announced target of 200 MW.
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A National Grid-led joint venture has secured a $150 million revolving credit facility to partly fund the construction of its renewable project portfolio in the US.
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A pair of community choice aggregators have inked seven power purchase agreements for 778 MW of renewable generation and 118.75 MW of energy storage capacity in California and Arizona.
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AES Andes, previously known as AES Gener, has completed the sale of its 50% stake in the 764 MW Guacolda coal-fired power plant in Atacama.
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Maxim Power Corp has made financing arrangements to support the expansion of its 204 MW simple-cycle gas-fired M2 power plant in Alberta, and convert it into operating on combined-cycle mode with the installation of heat recovery technology.
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Bogota-based developer Jemeiwaa Ka’l is working on an over 100 MW wind farm located in the Colombian department of La Guajira.
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Irish developer Mainstream Renewable Power has started working on a portfolio of wind and solar projects in Chile totaling 1 GW of capacity.
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First round bids are due soon for a portfolio of gas-fired peaking power plants located in Illinois.
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Stonepeak Infrastructure Partners has raised $2.75 billion for its first renewable energy fund.
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Vistra Corp is bringing forward the retirement date of its 1.3 GW coal-fired Zimmer Power plant in Moscow, Ohio, after the plant failed to secure any capacity revenues in the recent PJM Interconnection capacity auction.
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Energy storage developer Daybreak Power has secured a preliminary permit from the US Federal Energy Regulatory Commission for a 2.65 GW pumped hydro storage project in Washington state.
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Pacific Hydro, a renewables-focused firm with assets in Australia and Latin America, has begun the permitting process for a hybrid wind and solar project in the Chilean region of Coquimbo.
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EDP Renewables (EDPR) has struck a deal with Amazon Web Services to supply the internet retailer with electricity generated by its development-stage wind and solar projects in the US, Europe and Latin America.
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Enel Group's Brazilian subsidiary, Enel Green Power Brasil Participações, has signed a 15-year power purchase agreement with Brazil's largest fashion retailer, Lojas Renner.
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AES Corp’s Chilean subsidiary, AES Andes, has inked an agreement to sell a 49% stake in its 734 MW renewables portfolio to Global Infrastructure Partners (GIP).
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Brazil’s development bank BNDES has agreed to finance ten wind farms totaling 409.2 MW in the states of Piaui and Pernambuco.
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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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Apex Clean Energy and hydrogen fuel cell manufacturer Plug Power have inked a power purchase agreement for what they say will be the first and largest wind-powered hydrogen production plant in the US.
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Cordelio Power has wrapped construction financing for an 185 MW wind project in Illinois.
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United Energy Corp, a North Dakota-based oil and gas production and exploration company, has agreed to acquire a coal-fired project and related transmission infrastructure in the state.
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ArcLight Capital Partners has closed its first continuation fund, namely the ArcLight Renewable Infrastructure Fund.
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Ørsted has submitted a bid to the Maryland Public Service Commission (MPSC) to develop a 760 MW offshore wind project off the state’s coast.
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Leeward Renewable Energy has secured debt and tax equity financing for a pair of wind projects in New Mexico.
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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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