Middle East and Africa
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Thomas Brostrøm, the former chief executive of Ørsted’s North American offshore wind division, is preparing to take the helm of Shell’s global renewable generation team next year.
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BP has entered into an agreement to supply Microsoft Corp with renewable power around the world.
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Australian fund manager AMP Capital has promoted its global head of infrastructure equity – Boe Pahari – to the position of CEO.
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Three former executives at Venture Global LNG have founded a U.S.-based international investment firm with a focus on infrastructure.
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The debt financing that closed this week for Competitive Power Ventures' 1,050 MW Fairview gas-fired project in Jackson Township, Pa., combined loans from commercial banks, South Korean institutions and three international investors.
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A former head of energy at BNP Paribas in New York has landed at BMO.
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Just over a year after the company was unveiled, General Electric-owned Current is undergoing a restructuring, PFR has learned.
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Institutional investors advised by JP Morgan Asset Management have acquired "substantially all" of the solar independent power producer Sonnedix.
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Solar powered mosquito traps can cut the mosquito population by as much as 70%, according to a new study.
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TerraForm Power and TerraForm Global are working with managing shareholder SunEdison on its potential exit from the yield companies.
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Rothschild has sent out teasers and set a deadline for bids for SunEdison’s global project portfolio.
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SunEdison has launched an audit based on allegations made by former executives of the company, according to the filing with the U.S. Securities and Exchange Commission.
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Abengoa Yield has hired a top tier investment bank to find a new sponsor that will allow the yield company to "grow further", rather than buy out its embattled parent, says a company spokesperson.
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Carlos Domenech has left his position as ceo of TerraForm Power and TerraForm Global at the request of the yield companies' boards. His last day was Nov. 20, a company spokesperson tells PFR.
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SunEdision may rewrite or scrap a number of announced acquisitions, as the company continues to grapple with its hammering in the stock market.
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TerraForm Global has appointed a new executive v.p. and cfo. Alejandro Hernandez, who is executive v.p. and cfo of TerraForm Power, takes on the task of heading both of SunEdison’s yield companies.
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Lima-headquartered power producer IC Power has filed an F-1 form with the U.S. Securities and Exchange Commission for its initial public offering.
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KKR has taken an 80% stake in the solar development subsidiary of Spain's Gestamp, as private equity firms increasingly look to emerging markets for returns.
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Standard & Poor’s has given TerraForm Global its first credit rating, ahead of the yield company's inaugural bond issue.
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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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SunEdison could become the first sponsor to add solar storage assets to one of its yield companies through its partnership with Green Charge Networks, according to sources at the Belmont, Calif.-based company.
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Even as strategic investors are increasingly becoming involved in financing renewables projects, developers are tackling a fresh set of risks and challenges in developing their generation portfolios.
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This particular type of flora provides paper, furniture and shelter and now they can now they can keep our electronic devices ticking too.
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ContourGlobal Power Holdings has issued a $400 million in privately placed high-yield notes.
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Abengoa has filed to take a portfolio of global power and transmission assets public in a NASDAQ-listed yield company.
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Private equity firm Power Capital Holdings has partnered with Hunt Consolidated subsidiary Hunt Power Capital Partners to launch its maiden power and energy play, Power Capital Partners.
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The International Finance Corp. has closed a $1.2 billion infrastructure investment fund, up from a proposed total of $1 billion.
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Global Infrastructure Partners tightened pricing on its $375 million Channelview term loan to LIBOR plus 325 basis points.
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The arrival of plentiful and cheap natural gas in the U.S. has changed the game in the power sector and the ramifications were a constant topic throughout Platts Global Power Markets Conference in Las Vegas last week.
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Bankers and developers are increasingly turning to emerging markets to grow their businesses.
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Latin America is bustling with opportunities for project development and M&A, according to Pedro Barriuso, ceo of Blackstone’s new power and energy development company Fisterra Energy.
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TAQA Energy Solutions, a subsidiary of Abu Dhabi National Energy Co. formed in early 2012, is buying EDF Renewable Energy’s stake in the Lakefield wind farm in Minnesota.
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Private equity and venture capital shops such as Draper Fisher Jurveston and Braemar Energy Ventures invested $5.8 billion in renewables companies in 2012, down 34% from 2011.
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The Tennessee Valley Authority has scored a coupon of 3.5% on its $1 billion of 30-year senior unsecured bonds, marking its lowest rate on 30-year money since a 2005 issuance when it scored a 4.65% coupon.
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Clarity on government incentives and international cooperation on financings would help alleviate some of the issues faced by financiers of renewable energy projects, according to the International Energy Agency.
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The management team of Ingenco, a Richmond, Va.-based company, is buying out the majority stakes in a portfolio of landfill gas-to-energy facilities from a group of heavyweight investors.
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Goldman Sachs Group will invest $40 billion in renewable energy projects globally over the next decade.
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Saudi Arabia is looking for $109 billion in investments for solar projects to generate one third of the country’s power by 2032.
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U.S. Power Generating is looking to sell two of its four floating power barges in Brooklyn’s Gowanus Canal totaling 309 MW.
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Wind energy consultant GL Garrad Hassan has opened an office in Cape Town, South Africa.
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Sumitomo Corp. is looking to build a 600 MW wind project in South Africa.
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In August the South African government launched the first phase of an expected five phase bid process to award PPAs to renewable power projects.
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A joint venture between Emirates Nuclear Energy Corp. and Korea Electric Power Corp. will cost $30 billion, up from the originally anticipated $20 billion.
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Global investment in renewables generation may double to $395 billion, according to Bloomberg New Energy Finance.
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South Africa has received 53 bids to build 2.1 GW of generation for the first phase of its renewables program.
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Wind and solar financing globally reached a record $41.8 billion in the last quarter, fueled by the $6.3 billion financing of 1 GW of offshore wind projects in the North Sea, according to a report by Bloomberg New Energy Finance.
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China Guangdong Nuclear Power Holding Co. has reinitiated talks with U.K.-based Kalahari Minerals about acquiring a stake in a uranium deposit in Namibia.
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South Africa is considering offering a $126 billion call for six new nuclear plants by 2030.
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Ormat Technologies subsidiary Ormat International has landed a refinancing of up to $310 million to expand its 48 MW Olkaria II geothermal project in Naivasha, Kenya.
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The Virgin Islands Water and Power Authority is seeking 10 MW of solar photovoltaic generation from independent power producers.
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Get your wallet out. This fall shoppers will be deluged with yet another product label as WindMade rolls out a three-swoosh symbol that will attest to a product’s green and environmentally friendly status.
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Offshore wind farms won’t need to rely on governmental subsidies within 15 years, according to consultancy PricewaterhouseCoopers.
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Renewables could provide up to 77% of the world’s energy by 2050 if governments sharply increase financial incentives, according to a report by the Intergovernmental Panel on Climate Change, a United Nations panel.
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JPMorgan is expanding its global commodities umbrella to encompass power and renewables financings as it prepares for a return to project finance.
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Office National de l’Electricite, Morocco’s state utility, will offtake 300 MW from International Power and Nareva Holding’s wind farm in Tarfaya.
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SPG Solar of Novato, Calif., Sunengy of Australia and Solaris Synergy of Israel are trying to establish a market for solar panels on agricultural and mining ponds, hydro reservoirs and canals.
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Kenya and Tanzania have agreed to build a $226 million, 317-mile transmission line that will link the countries’ grids from Nairobi to Singida in central Tanzania.
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Saudi Arabia is planning to invest upwards of $100 billion on generation and distribution networks by 2020.
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