Law Firms
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Clifford Chance has hired Joclynn Marsh as counsel in its energy and oil and gas related infrastructure practice.
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Latham & Watkins has hired Daniel Sinaiko as a partner in the firm’s project development & finance practice and the energy & infrastructure industry group, based in Los Angeles, California.
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Baker Botts has hired a partner to join its energy, projects, and transactions practice of the firm’s global projects department.
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Law firm Sheppard, Mullin, Richter, & Hampton has hired tax attorney Julie Marion to the energy, infrastructure, and project finance team as partner in Chicago.
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Energy and commodities-focused lawyer Don Macbean has joined Willkie Farr & Gallagher as a partner in the firm's corporate and financial services department based in New York.
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Baker Botts has hired a partner for the energy, projects, and transactions team of the law firm's global projects department in the Washington, DC, office.
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Clifford Chance has hired 2 US energy and infrastructure partners, Ty'Meka Reeves-Sobers and Marcia Hook, to join the law firm's Houston and Washington, DC offices, respectively.
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Crowell & Moring has hired Ruta Kalvaitis Skučas as partner in the law firm's environment, energy, and natural resources practice group.
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Mona Dajani has joined Baker Botts as a partner in the law firm's global projects department in New York.
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Andrea Lucan has joined Sidley Austin’s Los Angeles office as a partner in the firm’s energy, transportation, and infrastructure group.
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Global law firm Vinson & Elkins has added a number of lawyers with energy expertise to its partnership and promoted others to counsel, effective January 1, 2024.
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Linklaters has hired Michael Rodgers – formerly of White & Case – as partner in its energy & infrastructure and tax practices in Washington, DC.
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Law firm Greenberg Traurig has added to its energy & natural resources practice in the US with the hire of a tax partner.
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Clifford Chance has hired corporate M&A partner Cephas Sekhar and counsel Kyle Kreshover to its recently opened Houston office.
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Law firm Akin has hired Sam Guthrie as a tax partner in its Washington DC office to focus on projects and energy transition.
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Baker Botts has hired an energy-focused corporate partner, Clay Brett, to its Houston office. The hire reflects a steady rise in energy and infrastructure deals and investment for the law firm.
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Multinational law firm Winston & Strawn has appointed Rodney Moore and Sam Peca as partners and as members of the transactions department's private equity transactions practice.
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Perkins Coie has hired Buck Endemann and Elizabeth Crouse as partners in the firm’s renewable energy practice based in the US West Coast.
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Gabriel Salinas has rejoined Mayer Brown as a partner in the firm’s Houston office. He will be a part of its corporate and securities practice, where he will focus on M&A transactions and energy transition projects across the Americas.
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Law firm Linklaters has added two partners and senior counsel to its energy and infrastructure group.
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Energy lawyer Tyler O'Connor has re-joined Crowell & Moring as a partner in its energy and government affairs practice, based in Washington DC.
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Bracewell has appointed energy attorneys Frank Lee and Ted Duver as partners in its corporate and securities team in New York.
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A recent court decision relating to a wind project financing in 2010 has injected a dose of uncertainty into valuations used in renewable project deals, especially those involving investment tax credits.
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Southern Power has signed a deal to sell a one-third interest in a 1.7 GW solar portfolio to an institutional investor following an auction process.
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Axium Infrastructure has agreed to acquire the 286 MW Brooklyn Navy Yard in New York from a fund managed by Ares-EIF.
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NextEra Energy Partners has signed a deal to sell its Canadian assets to a pension fund manager as the yield company looks to reinvest capital in the U.S. in the aftermath of December’s tax reform legislation.
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Some of the power finance world’s fresher faces gathered at CohnReznick Capital’s offices in New York’s Credit Lyonnais Building on Oct. 12 for Juniors in Energy Finance's inaugural “30 Under 30” presentation event.
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Sempra Energy has announced that it has agreed to acquire Energy Future Holdings Corp., the majority owner of Oncor Electric Delivery Co., trumping Berkshire Hatherway Energy’s offer to buy the company.
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Onyx Renewable Partners has closed a tax equity investment with RBC Capital Markets.
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Great Plains Energy and Westar Energy have signed a new merger agreement following the Kansas Corporation Commission’s rejection of an earlier deal.
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Capital Dynamics is acquiring the 328 MW (A/C) Mount Signal 3 solar project from developer 8minutenergy Renewables.
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A Bethesda, Md.-based private equity shop has completed its acquisition of a hydro portfolio from funds managed by affiliates of The Carlyle Group.
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Power Finance & Risk announced the winners of its 14th Annual Deals and Firms of the Year Awards at a drinks reception at the Bryant Park Hotel in New York on May 24.
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Alterra Power Corp. has acquired a 320 MW wind project complex in Albany County, Wyo., and is planning further acquisitions of renewable assets in the U.S.
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Bankers are already competing for prospective mandates from companies looking to bid for contracts available this year under Alberta's 5 GW renewables program. The first round, which will award 400 MW of contracts, opened for expressions of interest on Friday.
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The online poll for PFR’s Deals and Firms of the Year Awards has closed, after market participants voted for the banks, sponsors, investors and deals they thought were most impressive in 2016. The survey received roughly double the number of votes cast last year.
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A lack of sunshine failed to dampen the mood at the Infocast Solar Power Finance & Investment Summit, which attracted approximately 1,000 attendees to the Rancho Bernardo Inn in San Diego, where the prospect of tax reform was mentioned on nearly every panel.
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Bankers are blaming a slow start to the year in U.S. renewables project finance on uncertainty around corporate tax reform, but activity could pick up once developers get their heads around the risks.
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There is plenty of room for growth in commercial solar securitization, SFIG Vegas attendees heard on Tuesday, and lenders need capital markets access to fund it. But the lack of scale in the market is a key hurdle, creating a ‘catch 22’ situation.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for Latin America M&A Deal of the Year.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for North America M&A Deal of the Year.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for Americas LNG Project Finance Deal of the Year.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for Latin America Project Finance Deal of the Year.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for North America Conventional Power Project Finance Deal of the Year.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for North America Renewable Project Finance Deal of the Year.
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The former head of BBVA’s North American project finance group has landed a position at a British Columbia-based LNG project developer.
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The U.S. Federal Energy Regulatory Commission has issued an order delegating additional authority to its staff to allow orders to be issued while it remains one commissioner short of quorum, but some approvals could still be delayed, say deal watchers.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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The U.S. Federal Energy Regulatory Commission will be unable to issue orders from Friday until at least one commissioner is nominated by the president and confirmed by the Senate.
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The deadline for nominations for Power Finance & Risk's Deal of the Year 2016 awards is coming up quickly. Make sure your deal of the year doesn't miss out on the short list by sending in a nomination by Jan. 31.
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Homer City Generation, a GE Capital subsidiary that owns a 1,884 MW three-unit coal-fired plant in Indiana County, Pa., filed for a pre-packaged restructuring under Chapter 11 on Jan. 11.
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GE Capital's Homer City coal-fired project in Indiana County, Pa., has filed for a pre-packaged restructuring under Chapter 11, as expected.
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Homer City Generation, a GE Capital subsidiary that owns a 1,884 MW three-unit coal-fired plant in Indiana County, Pa., has reached an agreement with its bondholders regarding a “comprehensive financial restructuring plan” as it prepares to file for bankruptcy this week.
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Kerri Fox, who was head of project finance, North America, at BBVA until September, is one of three independent directors recently appointed to the board of TerraForm Power.
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A show and tell story, a slip of the tongue and an odd metaphor for battery storage leaped out from the pages of the PFR reporter’s notebook following recent conferences in Mexico City and Los Angeles.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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The future of the U.S. Environmental Protection Agency, the Clean Power Plan and tax credits for renewable generation are all up in the air following Donald Trump's presidential win in the early hours of Wednesday morning.
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Enercon Canada has closed a C$825.5 million ($621.4 million) project financing for a 230 MW wind project in Ontario.
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There was little movement in the North American power project finance league table in the third quarter of the year, which was quieter than the same period in 2015. However, Crédit Agricole rose up the ranks, buoyed by its role in a $283 million wind project deal in July.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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The wind industry is a close-knit group and the AWEA Wind Energy Finance & Investment Conference is generally a friendly affair, so there were plenty of lighter moments amid the serious discussions and dealmaking at the Westin New York at Times Square.
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Despite an slowdown immediately following the production tax credit extension, this year has so far been a busy one for wind project financing at a number of the leading banks in the space.
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Panelists discussed the increasing ownership of wind projects directly by utility companies at the AWEA Wind Energy Finance and Investment Conference at the Westin New York at Times Square on Oct. 5.
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Falvez Energy, a wind project sponsor founded by a former banker and a real estate and data center entrepreneur in 2014, has obtained tax equity commitments from two lenders for a merchant wind project.
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American Electric Power has agreed to sell four Midwestern generation facilities, representing roughly two-thirds of its competitive fleet in Ohio, to two private equity firms.
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NextEra Energy Partners has agreed to acquire a 24% interest in the 550 MW Desert Sunlight solar project in California in a transaction to be financed in the equity market.
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In this week’s Industry Current, Bernays ‘Buz’ Barclay, managing partner at Rimon P.C. and senior adviser to Marathon Capital, calls on the power industry to engage with blockchain technology.
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Infraestructura Energética Nova (IEnova) has agreed to buy the "largest wind farm in Mexico” from Blackstone Energy Partners, affiliated private equity funds, Fisterra Energy, which is owned by Blackstone-managed funds, and minority investors.
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Korean Electric Power Corp. is acquiring a solar project in Colorado from a subsidiary of The Carlyle Group. The companies have also announced plans to form a jointly owned independent power producer in the U.S.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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Southern Company has taken another step into the natural gas transportation market by acquiring a 50% stake in a Kinder Morgan pipeline system in the southern U.S for $1.47 billion.
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As global financial markets reeled in the wake of the U.K.’s historic vote to leave the European Union, it was business as usual for much of the American project finance community.
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Some of the renewables projects that won offtake contracts in a Mexico power auction in March face a lengthy development period and may even end up not being built at all, said panelists at the Infocast Mexico Power Finance & Investment Summit in New York on June 29.
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Non-utility offtakers signed contracts for about 3.4 GW of renewables last year, but long tenors are still putting some off and regulated markets still present challenges, said panelists at the REFF Wall Street conference in New York on June 21.
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Renewables tax credits may have been extended at the end of last year, but tax equity investors are having to adapt to an evolving market, including ever lower-cost wind generation. Some of the major players discussed the changes at on the first day of the REFF Wall Street conference, which took place at the Grand Hyatt New York on June 21 and 22.
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In the first part of this Industry Current, Orrick attorneys discuss the evolution of the U.S. Department of Defense’s power procurement process and the implications for sponsors seeking DoD power purchase agreements.
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Power Finance & Risk announced the winners of its 13th Annual Deals and Firms of the Year Awards at the PFR Awards Dinner at the Metropolitan Club in New York on Wednesday, April 18. Read the full list of winners here.
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Allianz Risk Transfer, with the help of several partners, has created a novel hedge product to protect wind projects against the risks of intermittent wind resources, which deal watchers say could have a major impact on the market.
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In this week’s Industry Current, David Burton of Mayer Brown and Richard Page of Akin Gump Strauss Hauer & Feld discuss the latest tax incentives for solar generation in Idaho, which could encourage additional solar developments in the state.
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The votes are in, and Power Finance & Risk can now reveal the nominees for the Deals and Firms of the Year Awards.
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SunEdison has obtained $300 million of debtor-in-possession financing from its creditors and filed for Chapter 11 bankruptcy protection, the company announced on April 21.
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Panelists discussed the reemergence of the term loan B market and inflows of foreign capital at the Platts Global Power Markets conference in Las Vegas on April 20.
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Power Finance & Risk’s Deals & Firms of the Year Awards poll has been extended until April 16, giving you an additional week to tell us which banks, sponsors and law firms best navigated the markets in 2015.
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This week’s Industry Current is written by David Burton, partner, and Richard Page, associate, in Akin Gump Strauss Hauer & Feld’s New York office.
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SunEdison's stock price plunged more than 25% on March 22 in response to a report of a possible restructuring.
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The trend toward commercial bank financing of solar projects in Chile on a merchant basis may have stalled, as some projects financed in recent years without power purchase agreements enter restructuring.
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In the third and final instalment, Chadbourne & Parke's Keith Martin talks with Jean-Pierre Boudrias, managing director and head of project finance at Goldman Sachs, about the term loan B market, and Jerry Hanrahan, m.d. and head of power and infrastructure at John Hancock, about the project bond market.
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Power Finance & Risk’s Deals & Firms of the Year Awards are back, recognizing excellence in power finance and asset M&A across the Americas.
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This week’s Industry Current is a transcript of the second part of a conference call hosted by Keith Martin, partner at Chadbourne & Parke, in which he discusses the cost of capital in the bank market with Rabobank's Thomas Emmons.
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SunDevil Power Holdings is selling two merchant gas-fired units totaling 1.1 GW in Gila Bend, Arizona, after filing for bankruptcy protection.
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This week’s Industry Current is a transcript of the first part of a conference call hosted by Keith Martin, partner at Chadbourne & Parke, in which he discusses the cost of capital in the tax equity market with two industry veterans.
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Orrick has revealed the names of 13 partners it has hired from rival law firms to set up its Houston office, including seven project development and finance attorneys with experience in conventional and renewable generation, transmission, gas pipelines and LNG facilities.
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Axium Infrastructure has purchased a 49% stake in the 100 MW Arbuckle Mountain wind project in Oklahoma from EDP Renewables North America.
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Solar stocks have rebounded on reports that a deal reached by U.S. congressional leaders on a spending bill includes a five-year extension of tax credits for solar and wind projects. The measures have been welcomed by the renewables industry and could lead to an uptick in dealflow.
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Energy Transfer Partners has raised $1.16 billion in two simultaneous deals backing a pair of natural gas pipelines that will connect the Waha hub in Texas to the Mexican border.
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Developers, lawyers and senior rating agency analysts discussed challenges tax equity structures pose to solar securitizations at Infocast’s Solar Capital Markets summit in New York on Oct. 15.
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The Carlyle Group has agreed to buy the 583 MW Rhode Island State Energy Center gas-fired plant in Johnston, R.I., from an Entergy Corp. subsidiary for $490 million.
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Fortistar has acquired two landfill gas projects totaling 11 MW from Green Gas Americas, after sealing $150 million in financing.
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Talen Energy Corp. has agreed to sell two hydro projects to a subsidiary of Brookfield Renewable Energy Partners, and a gas-fired plant to TransCanada, for a combined $1.51 billion.
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On Sept. 16, PJM market participants and industry observers from further afield gathered for the PJM Market Summit to discuss the introduction of new capacity performance rules and the evolution of demand response products.
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The impending expiration of tax credits for renewable projects, stock market volatility and sustained low oil prices were all hot topics at Euromoney Seminars’ 10th Anniversary North American Energy and Infrastructure Finance Forum on Sept. 9 and 10 in New York.
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Florida utility TECO Energy has found a buyer in the form of Nova Scotia-based Emera, and the $10.4 billion price tag suggests competition for TECO’s regulated assets was strong, says a deal watcher.
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This Industry Comment is written by Paul Forrester, a partner in the Chicago office of Mayer Brown. Here, he examines the swap reporting requirements that result from the recent rise of non-utility renewables offtakers.
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Obama has set the first ever federal limits on U.S. power plant carbon emissions in a move that is expected to lead to a deluge of renewables projects.
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NorthWestern Energy is acquiring the Beethoven wind farm near Tripp, S.D., from BayWa r.e. after matching an earlier $143 million offer made by a rival bidder.
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SunEdison is acquiring Vivint Solar from Blackstone and other investors in a $2.2 billion deal which will involve TerraForm Power buying a 523 MW portfolio of rooftop solar assets.
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SunEdison’s emerging market yield company launched its initial public offering and kicked off a roadshow for an $800 million green bond on Monday, both expected to be priced on July 30.
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In the second part of this exclusive interview, Mona Dajani, a partner in the banking and finance practice at Baker & McKenzie’s Chicago and New York offices, talks to PFR about the sustainability of the yieldco business model and the consequences of high levels of liquidity in a credit market pepped up by new entrants.
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Consolidated Edison Development is buying a 95 MW wind farm in Campbell County, S.D. Construction began in December 2014, without project financing in place, in order for the project to qualify for the wind production tax credit.
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In this exclusive interview with PFR, Mona Dajani, a partner at Baker & McKenzie’s banking and finance group sheds light on how the ongoing transformation of the power industry is driving corporate restructuring in the context of industry consolidation, and a potential uptick in M&A activity.
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Market watchers say that the U.S. Supreme Court’s recent ruling on emissions regulations enacted by the Environmental Protection Authority could delay the retirement of coal-fired plants.
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Yield companies are set to circumvent the challenge of new competition if the Master Limited Partnerships Parity Act, recently reintroduced by Delaware and Kansas senators Chris Coons and Jerry Moran, passes muster.
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Oak Creek Renewable Energy is in talks with investors to secure equity investments in the third phase of its roughly 400 MW Tres Mesas wind farm in Tamaulipas, Mexico.
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A snapshot of lighter moments at the 2015 REFF Wall Street conference in New York replete with snippets of conversation and banter across panels, luncheons and cocktails.
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Sempra Energy is gearing up to launch an IPO of Sempra Partners LP, a master limited partnership, as it focuses on ramping up its LNG projects.
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Keith Martin, partner at Chadbourne & Parke expounds the framework laid out by the IRS for companies aiming to operate as master limited partnerships.
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Reno, Nev.-based geothermal shop Ormat Technologies has sold a 36.75% stake in its holding co. affiliate, ORPD to Toronto-based Northleaf Capital Partners for $162.3 million.
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Pattern Energy Group Inc. has acquired a 77% stake in a 150 MW wind farm that features Amazon Web Services as the offtaker in a $127 million deal with its parent company.
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This week’s Industry Current is written by Chadbourne & Parke attorneys David Jiménez Romaro and Javier Félix Muñoz from Mexico City, and Raquel Bierzwinsky from New York. The authors examine the evolving regulatory framework for geothermal exploration and production in Mexico.
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Freeport LNG has clinched a $4.56 billion deal in senior debt and mezzanine financing backing its third LNG train near Freeport, Texas.
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