Corporate Finance

Nautilus Solar Energy has completed its issuance of $202 million senior secured notes to institutional investors in a private placement transaction.

Waste-to-energy company Anaergia has moved forward with investment bank Piper Sandler & Co to lead the company in its strategic review.

Houston, Texas-based Talen Energy Corporation has made steps towards listing its common stock not long after a chapter 11 plan of reorganization and restructuring.

Energy-focused investment firm Kimmeridge has invested $15 million in US Light Energy, a community solar project developer. The financing derives from Kimmeridge Carbon Solutions, a fund for carbon-neutral and carbon-reducing investments.

Sumitomo Corporation Group and investment firm Advantage Capital have launched a joint venture, Perennial Renewables, a solar generation developer.

Solar real estate investment fund SolaREIT has closed a $100 million investment with AB CarVal to grow SolaREIT's solar land, lease, and loan financing solutions. The investment can increase to $250 million in additional capital.

OPAL Fuels, an RNG producer and distributor, has closed a $500 million senior secured credit facility to develop and construct new renewable energy projects.

Power management company Eaton has invested $500 million to expand its transformer and EV charging technology manufacturing presence in North America, to aid in grid modernization and support the US energy transition.

Nodal Power, a landfill gas-to-energy developer, has raised $13 million in a seed round. Nodal Power will use the funding to build and operate multiple power plants in landfills, producing renewable electricity from methane gas.

Deutsche Bank's US Private Credit and Infrastructure Group has provided a $125 million warehouse facility to Redaptive, an Energy-as-a-Service provider, to grow its metering, HVAC, solar, LED, EV, and other sustainability solutions.

French multinational utility company Engie has agreed to acquire the entire battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I and co-investors Yorktown Partners, Mercuria Energy and Apollo Infrastructure Funds.

Bess Power Corporation has secured $15 million in project debt financing from Leyline Renewable Capital to funds its 2.4GW utility-scale stand-alone storage pipeline.

Connecticut-based renewable developer Telyon has closed on a strategic investment from an affiliate of Greenbacker Capital Management.

Nomura Holdings and Angeleno Group have entered a partnership to co-invest and share intellectual capital on green energy and decarbonization projects within both companies. As part of the partnership Nomura will invest in Angeleno Group's recent venture capital and growth equity fund.

Milwaukee, Wisconsin-based Advanced Ionics, a new hydrogen electrolyzer developer start-up, has closed a $12.5 million Series A funding led by BP Ventures, the energy giant's venture capital group. Other investors in the start-up included Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate.

Investment firm HASI intends to privately offer $350 million in aggregate principal amount of green exchangeable senior unsecured notes due in 2028.

Invenergy has closed a $1.5 billion revolving credit facility with Natixis Corporate & Investment Banking (Natixis CIB) to grow its development pipeline.

Flux Power, an energy storage developer, has secured a $15 million credit facility from Gibraltar Business Capital (GBC) to fund working capital needs and refinance an existing facility with Silicon Valley Bank (SVB).

First Solar intends to build a $1 billion manufacturing facility to expand its solar module production.

BP's venture arm, BP ventures, invested $10 million into WasteFuel, a Los Angeles-based biofuels company, leading its Series B investment round.

Nexus PMG has received a $50 million growth equity investment led by Greenbacker Capital Management with participation from the Ontario Power Generation Pension Fund and Liberty Mutual Insurance.

AES Argentina Generación is planning to issue a corporate bond in the local market, scheduled for July 12.

RS Technologies, a portfolio company of Werklund Growth Fund and Energy Impact Partners, closed a multi-bank credit facility with JP Morgan, Bank of Montreal, The Toronto-Dominion Bank, and Export Development Canada.

First Solar, a solar technology manufacturing company, has secured a 5-year revolving credit and guarantee facility for $ 1 billion.

Neoenergia, the Brazilian subsidiary of Iberdrola, has landed a $100 million sustainability-linked loan.

Blackstone Infrastructure Partners has added $1 billion to its existing $3bn investment in Invenergy. The funds will be used to grow Invenergy's investments, including large wind and solar farm projects, in the US and globally.

On.Energy, the Miami-headquartered battery storage firm, has raised $20 million in equity financing in a Series B round led by Philadelphia-based investment firm Ultra Capital. New York-based private equity firm Phalanx Investment Partners also participated in the round.

ARM Energy, a leading LNG company, has secured a $100 million senior secured revolving credit facility from Rabobank.

Middle-market solar and storage investment fund CleanCapital landed a $500 million commitment from Manulife Investment Management, the firm’s largest raise to date.

Colombian energy distributor Air-e has requested a loan from IDB Invest to support the development of its distribution services.

Neoenergia, the Brazilian energy distributor owned by Iberdrola, has landed a green and sustainability-linked loan from the International Finance Corporation (IFC) to support the expansion of its distribution subsidiary.

AES Corporation has priced its $900 million 5.45% senior notes due 2028.

New York-based Global Hydrogen Energy will merge with Dune Acquisition, a special purpose acquisition company (SPAC), to become a publicly listed company with a $112 million enterprise value.

Clean power producer FirstLight Power announced on Thursday (11 May) that it had completed the expansion of a $97.5 million corporate credit facility to support a clean energy development pipeline and growth strategy in North America.

Duke Energy has announced its intention to offer $1.5 billion of aggregate convertible senior notes due in 2026.

Equatorial Energia has signed an investment agreement with Itaú Unibanco in the amount of R$2.1 billion ($403 million).

Renewable energy platform Origis Energy has closed an upsizing amendment to its development finance facility, doubling the capacity to $750 million.

Pennsylvania-based Air Products has issued its inaugural green bonds across $600 million and €700 million debt offerings.

Credit-focused investment manager AB Carval and tax equity investor Nelnet have financed the latest portfolio of small-scale utility and community solar developer Renewable Properties.

EIG, the $22.7 billion energy and infrastructure investor, and renewables company Modern Energy have backed solar developer Industrial Sun to the tune of $90 million.

SB Energy, the US renewables platform of Japanese multinational SoftBank Group, has hired Gaetan Frotte as chief financial officer.

Renewables developer Hecate Energy has closed a five-year, $550 million credit package, including a $250 million term loan and a $300 million Letter of Credit (LC) facility.

Grupo Equatorial is issuing debentures for its recently acquired distribution subsidiary Celg-D.

Enlight Renewable Energy has filed a registration statement with the US Securities and Exchange Commission for an initial public offering.

Aypa Power – a portfolio company of Blackstone – has completed the closing of a $320 million senior secured sustainability revolving credit facility.

Electrical infrastructure firm KV Power – a portfolio company of Rock Hill Capital – has completed a recapitalization and partnership with Warren Equity Partners.

SUSI Partners has closed on a senior secured funding facility for OBE Power Networks, the Miami-based electric vehicle (EV) charging company.

Lacuna Sustainable Investments has upped its equity investment in renewables developer Bear Peak Power.

Tigo Energy has signed a definitive agreement with L1 Energy to acquire $50 million of newly issued convertible notes.

Altus Power, an independent developer, owner and operator of commercial-scale solar facilities, has closed on a $200 million revolving credit facility.

Manulife Investment Management has taken a minority stake in solar, storage and electric vehicle (EV) business, PowerFlex, with a $100 million investment.

Caliche Development Partners II has received $268 million in capital commitments from Orion Infrastructure Capital and GCM Grosvenor (OIC), targeting underground storage and sequestration assets in North America.

The Brazilian state of Paraná is planning for the potential privatization of its electric utility Copel.

Priority Power Management, an energy optimization and infrastructure business backed by Oaktree Capital Management and Ara Partners, refinanced its existing debt and increased its credit facility from $85 million to $250 million.

Private equity behemoth Blackstone is preparing a $325 million credit facility for portfolio company Aypa Power.

Independent power generator Onward Energy is acquiring the Broad River power generation facility in Gaffney, South Carolina.

Fundamental Renewables, a renewable energy financier, has secured a $400 million credit facility to support the company’s operations.

Cryptomining company TeraWulf has amended its existing joint venture agreement with Talen Energy following the company’s filing for Chapter 11 bankruptcy.

Fervo Energy has raised $138 million in a new funding round to support the company’s geothermal portfolio and development pipeline.

Sunnova has upsized and priced a $500 million bond offering the solar company announced earlier this week.

Sunnova has announced its intention to open a $425 million private placement offering of convertible senior notes to fund corporate expenses.

Talen Energy Supply (TES) has reached an agreement with shareholders to upsize the company’s equity rights agreements by $250 million, triggering a process that will see the platform enter the M&A market.

A Talen Energy Corp (TEC) subsidiary has secured a $1.3 billion equity commitment from its bondholders after the energy company filed for Chapter 11 bankruptcy last month.

Sustainable infrastructure platform Inspiration Mobility has secured $215 million in capital from new partners Macquarie Asset Management and Ferrovial.

AES El Salvador is planning a $370 million refinancing which will see the company replace its 2023 bonds with a new senior debt facility.

A Talen Energy Corp (TEC) subsidiary has filed for Chapter 11 bankruptcy after reaching a deal to recapitalize $3.2 billion in debt with the energy company’s bondholders and a consortium of banks.

CleanCapital has secured a $200 million debt package to support the New York-based developer’s pipeline of distributed solar and energy storage projects.

Canadian power company Northland Power has converted a $50 million letter of credit facility into a sustainability-linked agreement, which is backed by Canada’s export credit agency.

Encore Renewable Energy, a Burlington, Vermont renewable energy developer, has secured debt financing for the company’s development activity.

IDB Invest has launched a $1 billion sustainability bond to finance renewables projects in Latin America and the Caribbean.

Segue Infrastructure Partners has closed a trio of development capital investments totaling $40 million to finance solar and energy storage assets across the US.

Eletrobras has received shareholder approval for its planned share offering, which will see the Brazilian government relinquish its majority stake in the state electricity company.

Aspen Power Partners, a Dallas, Texas-based distributed generation platform, has secured $120 million to support the growth of its US solar and energy storage portfolio.

Gravity-based energy storage developer Energy Vault has started trading on the New York Stock Exchange after going public via a merger with special purpose acquisition company Novus Capital Corp II.

Rayburn Electric County Coop, a Texas-based electric generation and transmission cooperative that suffered massive losses due to winter storm Uri last February, has closed a $908 million securitization.

Brazilian development bank BNDES has renewed its sustainability-focused partnership agreement with the International Finance Corporation (IFC).

Independent power producer Constellation Energy Corp has completed its separation from Exelon Corp, signaling its launch as a standalone, publicly-traded energy company.

D.E. Shaw Renewable Investments (DESRI) is preparing to go public via an initial public offering (IPO).

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.

Banco Cooperativo Sicredi has issued a $100 million 10-year green bond offering which will support the financing of renewable energy and energy efficiency projects in Brazil.

Boston-based Swift Current Energy has closed a $150 million credit facility to support its pipeline of utility-scale renewable energy and energy storage projects in the US.

Oya Solar has upsized a corporate debt facility supporting its renewables project pipeline in the US.

The Securities and Exchange Commission (SEC) has charged investment adviser Global Infrastructure Management for failing to properly offset management fees and for making misleading statements about the fees and expenses it charged.

Further details have emerged on Colombian transmission firm Interconexión Eléctrica (ISA)’s first bond issuance in the international capital markets.

Colombian transmission firm Interconexión Eléctrica (ISA) has closed its first bond issuance in the international capital markets.

General Electric (GE) has outlined plans to spin off its renewable energy and power businesses into a publicly traded company.

Independent power producer Colbun is arranging a bond issuance to fund the development of its renewable energy portfolio in Chile.

Colombian developer Empresas Publicas de Medellin (EPM) has received permission from the national finance ministry to raise funds for its 2021-2023 planned investments.

Costa Rica-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has closed a bond issuance to finance the development of electric smart meters across the grid.

Sunrun has increased the size and reduced the pricing of its non-recourse warehouse loan with a syndicate of eight financial institutions.

Sunrun has closed a residential solar lease securitization under the name Sunrun Demeter 2021-2.

Fluence, the energy storage solutions joint venture between AES Corp and Siemens, is preparing to go public via an initial public offering.

Sidewalk Infrastructure Partners has raised $190 million in capital from a single limited partner.

Clearway Energy is preparing a $350 million 11-year green bond offering.

Talen Energy's Cumulus Growth subsidiary has secured an up to $175 million investment from Orion Energy Partners to execute its renewable energy and digital infrastructure growth strategies.

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.

AES Corp's Brazilian subsidiary, AES Brasil Energia, has approved a follow-on stock offering for about 132.6 million shares.

Lightsource bp has secured a $1.8 billion revolving credit facility and trade finance facility to support its development of a 25 GW pipeline of solar projects by 2025.

AES Corp's Brazilian subsidiary, AES Brasil Energia, has reached out to investment banks as it evaluates a potential follow-on share offering.

Energy Vault, a gravity-based energy storage developer backed by SoftBank and Saudi Aramco, has agreed to go public via a merger with special purpose acquisition company Novus Capital Corp II.

Altus Power has refinanced a $368 million senior funding facility, upsizing it by $135 million, and plans to use the proceeds to partially fund the acquisition of an operational solar portfolio from TrueGreen Capital Management.

Renewable energy yield company Pattern Energy Group has wrapped a $375 million corporate revolving credit facility.

SoftBank- and Saudi Aramco-backed Energy Vault has secured $100 million in a series C fundraising round to support the growth of its gravity-based energy storage platform.

Apollo Global Management is making a $150 million commitment in Durham, North Carolina-based energy storage technology firm FlexGen Power Systems to support the growth of the company and its offerings.

Sunnova Energy International has upsized and priced a senior unsecured green bond offering that it announced earlier this month.

NRG Energy has priced its $1.1 billion sustainability-linked bond offering that was announced earlier this week.

Months after becoming the first ever US issuer to offer sustainability-linked notes, NRG Energy is preparing another sustainability-linked offering totaling $1.1 billion.

A subsidiary of Sunnova Energy International is preparing to issue a $350 million green private placement.

NY Green Bank has completed its first private capital raise, which it is touting as being the largest such raise by a green bank in the US.

San Francisco-based sustainable infrastructure platform Generate Capital has raised $2 billion for expansion plans that will take it into new sectors and geographies.

Brazilian utility Cemig Geração e Transmissão has announced a cash tender offer to buy a portion of its outstanding senior notes.

A subsidiary of Leeward Renewable Energy has issued up to $375 million in an unsecured bond offering to refinance its outstanding debt, which includes a bridge facility used to acquire solar assets back in March.

The Brazilian state government of Rio Grande do Sul is preparing to sell its majority stake in gas distribution company Sulgás.

Michigan utility Consumers Energy is planning to shutter five thermal power plants in the state, ahead of schedule, while purchasing four gas-fired plants in their stead in order to maintain reliability while it transitions to using 90% renewable energy by 2040.

A consortium of investors led by InterEnergy Group has purchased a 670 MW gas-fired project in Panama, which has been in the works for the better part of the last decade.

Listed US Solar Fund has raised $132 million in equity on the London Stock Exchange to refinance a solar portfolio at a less aggressive leverage ratio.

Pacific Gas & Electric Co has been granted approval by the California Public Utilities Commission to issue up to $7.5 billion of "recovery bonds" to finance wildfire-related expenses, in what is being touted as the largest ever securitization by a US utility.

As Chile's largest developers secure supply contracts with corporate offtakers and search for corporate financing for their portfolios, project finance bankers wonder whether there will be any mandates left in the long run that are not corporate-based.

Brazilian renewable energy producer Rio Alto Energias Renovables has decided to halt its initial public offering due to changing conditions in the Brazilian and international capital markets.

CMI Energia, the renewable energy arm of Guatemalan conglomerate Corporación Multi Inversiones, has refinanced the debt associated with its subsidiaries in Central America and the Caribbean with a $1 billion deal.

Vistra Energy Corp has revised the previously estimated financial impact of winter storm Uri and reissued its 2021 guidance after receiving additional load information from Ercot.

Quinbrook Infrastructure Partners' portfolio company Scout Clean Energy has secured a $50 million letter of credit facility.

Italy's Enel has closed a public tender offer for 10% of Santiago-listed subsidiary Enel Americas' shares, after the latter finalized its merger with Enel Green Power in Central and South America.

Brazilian renewable energy producer Rio Alto Energias Renovaveis is preparing to go public via an initial public offering.

Solar and battery storage developer Strata Solar has raised $150 million of flexible capital in a deal with Blackstone Credit ?and its affiliates.

The United Nations Commission on International Trade Law has ruled in favor of the Colombian government in a dispute over its 2016 seizure of regional utility Electricaribe from Spain's Naturgy Energy (then Gas Natural Fenosa).

NextEra Energy has priced a floating rate note offering over SOFR rather than Libor for the first time, becoming one of the first non-financial corporate bond issuers to do so.

Italy's Enel has announced the launch of a public tender offer for 10% of Santiago-listed subsidiary Enel Americas' shares, dependent on the closing of the latter's merger with Enel Green Power in Central and South America.

Brazilian fund manager Patria Investments has launched its first publicly-traded core energy infrastructure fund, Patria Infraestrutura Energia Core, which is listed in São Paulo.

Brazilian independent power producer Omega Geração is preparing to issue unsecured debentures totaling R$1.05 billion to refinance a portfolio of recently acquired wind projects.

Power Finance & Risk is pleased to announce that nominations are now open for its 18th Annual Deals and Firms of the Year Awards.

Private equity firm Denham Capital ?is aiming to float renewable energy developer Rio Energy via an initial public offering on Brazil’s B3 stock exchange.

MUFG has introduced a new CLO asset class, bundling $500 million of project finance and infrastructure loans together for Starwood Property Trust in a deal that clearly demonstrated investor appetite for the product.

Before 2020 came to a close, New York-based developer Glenfarne Group was able to refinance its roughly 1.5 GW Latin American generation portfolio with a mix of bank debt and bonds, following a path opened up by other sponsors in the region who had refinanced their assets earlier in the year.

Exelon Corp has announced its intention to spin its competitive generation and retail power businesses off into a separate publicly-listed company following a strategic review.

A group of Chilean generation companies (gencos) affected by the country's 2019 power price freeze are preparing a private placement to securitize deferred receivables that will represent the second tranche of a bond issued ten days ago.

Securitization exists in the public consciousness primarily as a shadowy corner of the capital markets in which out-of-control financial engineering causes global economic meltdowns. Could it be due a reappraisal?

Southern California Edison has priced its first securitization in more than 20 years, the proceeds of which it will use to finance upgrades and other costs associated with its wildfire prevention program.

The underwriters of the initial public offering for Apollo Global Management's third energy transition special purpose acquisition company (SPAC), Spartan Acquisition Corp III, have exercised their greenshoe option in full, bringing the total size of the deal to $552 million.

Southern California Edison is marketing its first securitization in 20 years to finance upgrades and costs associated with its wildfire prevention program.

Apollo Global Management has increased the size of the initial public offering for its third blank check company targeting the energy transition and sustainability to $480 million.

A group of Chilean power producers, which had been affected by a power price freeze implemented in 2019, have reached financial close on a receivables securitization deal in Chile

AES Gener has closed a $306 million capital increase to finance the development of renewable energy projects in Chile and Colombia, concluding a process that began in April of last year.

Spanish solar developer Solarpack Corporación Tecnológica has closed the sale of 12.39% of the company’s shares through an accelerated bookbuild.

Italy's Enel has approved the merger of Enel Green Power's renewable energy businesses in Central and South America – other than those in Chile – into its Chilean-listed subsidiary Enel Americas.

AES Corp has approved a corporate reorganization of its Brazilian assets, which will include the creation of a holding company called AES Brasil Energia, and the merger of that company with AES Tietê.

Further details have emerged on Glenfarne Group's $1.76 billion deal to refinance its Latin American generation portfolio at the holdco level and fund its expansion in the region through its LatAm subsidiary Enfragen.

Sempra Energy has announced plans to simplify its North American energy infrastructure subsidiaries by launching Sempra Infrastructure Partners a business platform that will combine Sempra LNG and Mexico's IEnova, and sell a non-controlling stake in the new entity in early 2021.

AES Gener is set to request permission from its board for a $300 million capital hike to finance the development of its 1.6 GW renewable energy pipeline in Chile and Colombia, having reassessed its need for equity earlier this year.

FirstEnergy Corp's lenders have signed waivers and amended the terms of its loans to cure compliance breaches stemming from the disclosure of a roughly $4 million payment that was uncovered as part of an internal bribery investigation.

FirstEnergy Corp's lenders have signed waivers and amended the terms of its loans to cure compliance breaches stemming fromthe disclosure of a roughly $4 million payment in 2019 that was uncovered as part of an internal bribery investigation.

NRG Energy has brought the US capital markets a step forward with its inaugural sustainability-linked bond, introducing a new flavor of greens for its debt investors to chew on. But as usual, European corporations led the way.

Vermont-based solar and energy storage developer Encore Renewable Energy has obtained a corporate loan to finance development activity.

NRG Energy has priced a roughly $3.8 billion five-tranche bond offering – including the first ever sustainability-linked notes from a US issuer – to finance its acquisition of North American energy retailer Direct Energy.

A $3.9 billion five-tranche bond offering by NRG Energy to finance its acquisition of North American energy retailer Direct Energy is set to be priced later today, November 17.

NRG Energy has announced several bond offerings it intends to use to finance its acquisition of North American energy retailer Direct Energy from Centrica.

Latin American power producer Celsia has requested an up-to-$60 million credit line from IDB Invest to mitigate the impact of Covid-19 measures on its businesses in Colombia.

Glenfarne Group has assembled a group of banks to arrange a $1 billion to $1.2 billion holding company refinancing for its 1.4 GW portfolio of Latin American generation assets.

Enel Chile’s power distribution subsidiary, Enel Distribución, is preparing to separate its transmission assets into a new company called Enel Transmisión.

Brookfield Renewable Partners has closed the $400 million second part of a deal to buy TransAlta Corp securities totaling $750 million that are convertible into hydro project equity.

Bond-focused fund manager Pacific Investment Management Co (PIMCO) is the latest sponsor to back a low carbon blank check company, with former NRG Energy leader David Crane as chief executive.

As Latin America's power sector grapples with the consequences of the pandemic, PFR has brought together a diverse panel to share their perspectives on how the market will move forward.

AES Gener has decided to postpone a $500 million capital increase, the proceeds of which it had planned to use to fund its 1.6 GW solar and wind pipeline in Chile and Colombia, having raised the cash by other means.

With two debt funds nearing final close, Global Infrastructure Partners has provided a $325 million secured term loan for Mexican power producer Saavi Energia.

Italian energy company Enel has begun the process of integrating its renewable energy businesses in Central and South America, other than in Chile, into its main Americas subsidiary, Enel Americas.

Sempra Energy subsidiary IEnova has raised $800 million in the bond market with a 31-year offering that was priced on September 10.

The special purpose acquisition sector can’t get enough of the electric vehicle industry, and Qell Acquisition Corp wants to join the party, with intentions of raising $300 million to pursue a deal.

Sempra Energy's Mexican subsidiary IEnova is preparing to issue up to $800 million in bonds as investors keep an eye on the country's sovereign credit rating.

Peru’s second-largest transmission company, Consorcio Transmantaro (CTM), is planning to offer an additional $200 million of bonds under an existing series.

New Jersey Resources tapped the private placement market with a green offering this week to raise funds for its latest portfolio of small utility-scale solar plants.

Brookfield Renewable Partners and Hannon Armstrong Sustainable Infrastructure Capital both recently offered green bonds to debt investors in a range of tenors and currencies.

The Carlyle Group and EIG Global Energy Partners’ deal to take ownership of Panda Power Funds’ Patriot and Liberty combined-cycle gas-fired plants in Pennsylvania ended years of speculation about the fate of the two plants. But the story did not end there, as the buyers launched the acquisition financing into a market roiled by coronavirus.

Hedge funds Magentar Capital and Triangle Peak Partners have launched a $350 million special purpose acquisition company (SPAC) called Star Peak Energy Transition, eyeing companies focused on energy efficiency and reducing carbon emissions.

Internal turmoil at Colombia's Empresas Públicas de Medellín over a proposed lawsuit against the construction companies in charge of its 2.4 GW Ituango hydro project could spell financial problems for the municipally-owned company.

Italy’s Enel has increased its stake in its subsidiary Enel Americas, listed in the Chilean stock market, by 2.7%.

AES Panama Generation Holdings received more than $5 billion of orders on August 11 for a $1.38 billion bond that has been hailed as the largest international capital markets deal by a private sector issuer in Central America and the Caribbean.

Spain's Ortiz Construcciones y Proyectos has requested an up-to-$20 million credit line from development finance institution IDB Invest to pay its suppliers in Panama, Colombia, and Mexico.

AES Corp is preparing a bond issue that will consolidate the debt of its Panamanian operating subsidiaries into one special purpose vehicle.

Fresh from a credit ratings boost, LNG terminal and gas-to-power project developer New Fortress Energy is looking to refinance its $800 million corporate term loan.

Longview Power – the owner of a 700 MW coal-fired plant in West Virginia – emerged from its most recent prepackaged Chapter 11 restructuring on July 31.

Tonopah Solar Energy, the company that owns the troubled 110 MW Crescent Dunes concentrated solar project in Nye County, Nevada, has filed for Chapter 11 protection after reaching an agreement with its main creditor, the US Department of Energy.

Enel Chile has pushed back the commercial operations date for its 150 MW Los Cóndores hydro project as it prepares to pull the plug on its coal-fired assets.

Fluor was recently awarded a front-end engineering and design contract for a carbon capture project at the Elk Hills combined-cycle gas-fired plant in California, which is embroiled in oil and gas exploration company California Resources Corp’s (CRC) Chapter 11 restructuring process.

Several renewable energy and thermal power project developers made use of federal Paycheck Protection Program funding earlier this year, according to data released by the US Department of the Treasury on July 6.

EIG Global Energy Partners has provided Modern Energy with a $100 million debt commitment to fund the development of clean energy assets.

A Chapter 11 restructuring at oil and gas company California Resources Corp (CRC) means that the ownership structure of the 500 MW Elk Hills combined cycled gas-fired plant in Bakersfield, California – co-owned by Ares Management – is also set to change.

Brilhante Transmissora de Energia, a Brazilian transmission joint venture between Cobra Group and Celeo Redes, has raised R200 million ($37.4 million) in debentures.

Cox Energy America, a subsidiary of Spanish renewable energy developer Cox Energy, has debuted on Mexico’s Bolsa Institucional de Valores stock market.

Colombian utility Empresa Pública de Medellín is preparing a dollar-denominated corporate bond issuance – its first in 2020 and its sixth in international markets.

Italy's Enel has increased its stake in Chilean subsidiary Enel Chile by 3% as part of an effort to buy out minority shareholders in its South American businesses.

Residential solar finance company Mosaic’s foray into the recently reopened asset-backed securitization market was well received by investors, reaping a multiple-times oversubscribed order book, in part thanks to data that shows the pandemic having a limited impact on solar loans.

Gas Natural de Lima y Callao, also known as Cálidda, is working on an up-to-$100 million loan to fund the expansion of its gas distribution system in Lima and Peru's constitutional province of Callao.

Details have emerged on the non-recourse holdco debt package arranged by Northland Power to finance its acquisition of Colombian distribution utility Empresa de Energía de Boyacá.

Canada's Northland Power has signed an agreement for a C$465 million ($340.7 million) non-recourse holdco debt package to finance its acquisition of Colombian distribution utility Empresa de Energía de Boyacá (EBSA).

Pacific Gas & Electric priced two tranches of high yield bonds and a term loan B last week, capping the initial financing for its exit from Chapter 11

Pacific Gas & Electric priced part of its huge bankruptcy exit financing package on June 16, raising $8.925 billion in investment grade debt just days after receiving court approval for the transaction.

FuelCell Energy has obtained a $35 million three-month loan from existing lender Orion Energy Partners to ease the company's liquidity issues in light of the Covid-19 crisis.

One of the first pieces of advice a retail stock investor receives after opening their first brokerage account or downloading the Robinhood app is not to try to “time the market.” But in corporate finance – especially during weak markets – timing is everything. If a window of opportunity opens after a period of volatility, you go for it.

Canada's Polaris Infrastructure has closed a $27 million debt package from Brookfield Asset Management's Infrastructure Debt Fund for a portfolio of hydro projects in Peru.

Spanish renewable energy developer Cox Energy has begun the regulatory process to list its Cox Energy Americas subsidiary on Mexico's Bolsa Institucional de Valores stock market.

Pacific Hydro, a renewable energy company with assets in Australia, Chile and Brazil, is looking to refinance corporate debt with a roughly $400 million loan.

Three major global energy and commodities firms announced venture capital-style investments in May, backing companies at the forefront of energy innovation.

The California Public Utilities Commission has approved the Chapter 11 restructuring of Pacific Gas and Electric Co.

Argentinian independent power producer Stoneway Capital Corp has secured a forebearance agreement from its creditors, who had been discussing foreclosure in mid-March.

Judge Brendan Shannon of the US Bankruptcy Court for the District of Delaware has issued an order confirming the prepackaged Chapter 11 reorganization of the 700 MW Longview Power coal-fired project in West Virginia.

Enel Green Power's distribution subsidiary in Chile, Enel Distribución, is negotiating a debt package with IDB Invest to ease its Covid-19-related liquidity problems.

North American independent power producer Talen Energy Supply has priced an eight year high yield bond to refinance existing debt.

Clearway Energy Group has priced a tap of a series of high yield green bonds that mature in 2028.

AES Corp has priced a $1.6 billion dual-tranche senior secured bond offering to refinance existing unsecured debt.

AES Corp has launched a first lien senior secured bond offering to refinance existing unsecured debt.

IDB Invest is preparing a credit line for AES Corp's distribution subsidiaries in El Salvador, which face liquidity challenges as a result of government measures to mitigate the effect of the Covid-19 pandemic on consumers.

AES Corp is preparing to meet fixed-income investors ahead of a potential senior secured bond offering.

Avangrid has closed its third green bond—a $750 million, five-year senior unsecured offering.

TriSummit Utilities, the Calgary-based utility and renewables company that was known as AltaGas Canada until the end of March, has priced a seven-year senior unsecured bond.

Avangrid has priced a $750 million five-year senior unsecured bond, the proceeds of which will be allocated across seven wind and solar projects in the U.S.

An American Electric Power subsidiary closed long-term financing for operating transmission projects across the central U.S.

Covid-19 may have put an end to the days of two-digit margins on construction loans, but while project finance bankers generally agree that pricing is set to widen, the question remains—by how much?

Norwegian independent power producer Scatec Solar has closed a $165 million corporate debt refinancing, including a revolving credit facility linked to environmental, social and governance (ESG) metrics.

Atlantic Power Corp. has signed amendments to its senior secured revolving credit facility, extending the tenor and adjusting the pricing to match its recently refinanced term loan B.

As the Colombian government prepares to sell Electricaribe back into private ownership, a municipality within its service territory is attempting to take matters into its own hands.

British energy storage company Highview Power Partners has secured an equity investment from a Japanese corporation to fund the development of a a pipeline of projects in the Americas, Europe and Asia, and is in discussions with investors for further funding rounds.

The manager of London Stock Exchange-listed US Solar Fund has recovered most of the $6.9 million that it was defrauded out of last month.

A panel of solar securitization experts gathered in December to discuss the progress of the solar ABS market and what the future holds for this emerging asset class. Sponsored by Credit Suisse.

The bookrunners on a proposed term loan B repricing for Atlantic Power Corp. have approached lenders with initial price thoughts.

While yield-hungry investors of all stripes are viewing distributed, small-scale solar companies ever more favorably, the founders and management of the target companies are finding that there are attractive alternatives to selling stakes in their businesses outright.

Brookfield Renewable Partners has signed a bilateral green revolving credit facility, in which the margin is linked to specific environmental sustainability targets, with BNP Paribas.

Transmission company Celeo Redes has locked in debt for 30 years—an unusually long tenor for Chilean project finance—to finance a three-project portfolio in the country.

Clearway Energy has priced a public offering of common stock to raise the funds it needs to acquire the Carlsbad Energy Center gas-fired project from its sponsor, Global Infrastructure Partners.

Clearway Energy has launched a public offering of common stock to raise the funds it needs to acquire the Carlsbad Energy Center from its sponsor, Global Infrastructure Partners.

North Carolina-based developer Strata Solar is in talks with four banks to arrange an enlarged revolving credit facility.

After several months of negotiations to refinance a bank loan with a private placement, the owners of the Duqueco hydro complex in Chile canceled the bond sale at the last minute and opted for a renegotiation with the banks instead.

Vistra Energy Corp. is refinancing a chunk of its senior secured debt, replacing a term loan B maturing in 2023 with a combination of term loan B and bond debt across three tranches.

Hannon Armstrong has agreed to invest in a renewable energy development and financing company which is seeking to expand into the commercial and industrial and municipal, university, school and hospital markets across the U.S.

In September, Power Finance & Risk brought together a panel of project finance officials at insurance companies, asset managers and Fitch Ratings to discuss how U.S. private placement debt investors are viewing the latest innovations in power and renewable energy finance.

Brazilian power generation company Eneva has refinanced the debt associated with its 519 MW Parnaíba II Geração de Energia gas-fired project in the municipality of Santo Antonio Dos Lopes, Maranhao state.

Residential solar finance company Sunrun is preparing a $312.4 million securitization deal backed by a portfolio of leases and power purchase agreements, marking the first time the issuer has tapped the ABS market twice in one year.

Fresh from raising equity and renegotiating its revolving credit facility, TerraForm Power has embarked on a refinancing of its high yield corporate debt.

Renewables yield company TerraForm Power took advantage of a sustained recovery of its stock price since the beginning of the year to raise $251 million through an underwritten public stock offering last week, while simultaneously negotiating an enlarged revolving credit facility.

Renewables yield company TerraForm Power has taken advantage of a sustained recovery of its stock price since the beginning of the year to raise $251 million through an underwritten public stock offering.

ReneSola’s existing majority shareholder, Shah Capital, is providing an additional $11 million equity investment in the Chinese solar developer through its Opportunity Fund.

Brazilian state-controlled Petrobras is studying the creation of a subsidiary for some of its power plants with a view to divesting them through an initial public offering.

The three main credit rating agencies are viewing Southern California Edison Co. more favorably following the latest moves by the company and the California legislature to mitigate wildfire risk.

Southern California Edison has launched a $1.2 billion dual tranche corporate bond offering after its credit ratings were placed on a firmer footing in the wake of a wildfire risk mitigation law.

Calpine Corp. held a lender call this morning for a $550 million term loan B to refinance a chunk of its senior secured debt.

Sunnova priced its initial public offering at $12 a share last week, below its target of $16 to $18, after rival residential solar company Sunrun published a critical analysis of Sunnova's investor marketing.

Solar finance company Mill City completed a $217.89 million residential solar loan securitization on July 24, bringing year-to-date volume of solar ABS to over $1.3 billion.

Rockland Capital has refinanced a portfolio of gas-fired peakers with a fixed-rate project bond.

Residential solar company Sunnova has launched its initial public offering, having set a target of raising up to $365 million.

Colombian power generator Empresas Publicas de Medellin (EPM) has issued $1.3 billion in bonds in the international markets to refinance its debt.

Talen Energy, NextEra Energy Partners and Hannon Armstrong were among the high-yield borrowers to hit the capital markets in the last two weeks.

Distributed solar lender Wunder Capital has signed a loan purchase agreement with private equity firm Fundamental Advisors.

Talen Energy, NextEra Energy Partners and Hannon Armstrong were among the high-yield borrowers to hit the capital markets in the last two weeks.

Ohio-based onsite wind generation company One Energy is looking for series D funding as it prepares to close a separate $300 million capital raise for an unlisted project investment vehicle it is calling a yield company.

Talen Energy Supply priced a senior secured note offering and launched a term loan B into syndication last week, a month after its most recent foray into the high yield bond market.

Distributed solar developer Soltage has secured funding from Prudential Capital Group to grow the business and support its acquisition and development of new solar projects as well as other initiatives.

A leadership overhaul has taken place at a pared-down Cypress Creek Renewables as the company seeks to sell its highly-levered 1.5 GW solar portfolio and grapples with a legacy of expensive mezzanine capital.

A miner and a retailer are among the latest corporations in Chile to sign up for renewables through energy supply agreements with energy retailers rather than power purchase agreements with individual wind and solar projects.

Renewables developer Avangrid and Massachusetts utility company NStar Electric tested bond portfolio managers’ appetites for greens today, as both came to the investment grade market with similar deals.

NRG Energy and Talen Energy Supply both dove into the high yield market this week, launching bonds totaling $1.483 billion.

Talen Energy Supply priced a senior secured note offering yesterday, increasing the size of the deal from an expected $500 million to $750 million.

NRG Energy and Talen Energy Supply both dove into the high yield market today, launching bonds totaling $1.233 billion, although only one of them managed an intraday pricing.

Canadian Solar subsidiary Recurrent Energy has secured a letter of credit facility to fund development work as it grows its North American solar portfolio.

Having raised $2.7 billion with a senior bond issuance last week, NextEra Energy returned to the capital markets today with a hybrid capital offering to refinance another chunk of its Gulf Power Co. acquisition debt.

Morgan Stanley is left lead on a $950 million senior secured term loan B refinancing for Calpine Corp. that is expected to close next week.

NextEra Energy hit the corporate bond market on Thursday, raising $2.7 billion across four maturities to partly repay four separate loans signed on the last day of 2018 to fund its acquisition of Gulf Power Co.

Radiant REIT, a solar mortgage real estate investment trust, has hired a boutique investment bank to raise equity and debt as it zeroes in on what it sees as the underbanked mid-size solar sector.

Residential solar loan provider Loanpal is coming to market with its first solar securitization, a $272.2 million offering.

Following its initial public offering at the end of January, gas-to-power business New Fortress Energy is in the market with a term loan B to round-out its capital structure with additional debt.

Following its initial public offering at the end of January, gas-to-power business New Fortress Energy is in the market with a term loan B to round-out its capital structure with additional debt.

Tri Global Energy has secured an $30 million royalty-based investment to finance its 1.5 GW wind development pipeline, using a technique more commonly seen in upstream fossil energy, and potentially lighting up a new path to development capital for smaller sponsors.

Michigan utility DTE Electric returned to the corporate bond market on Feb. 11 with its second ever green bond offering, a first-mortgage deal that was priced well inside initial price thoughts.

Pacific Gas & Electric was able to tighten pricing on its $5.5 billion debtor-in-possession facilities in general syndication.

CoBank’s Brian Goldstein, KeyBanc Capital Markets’ Andy Redinger and Morgan Stanley’s Michael Kumar joined PFR editor Richard Metcalf in January to review 2018 in power project finance and look ahead to 2019. Check out what they had to say.

Pacific Gas & Electric has signed debtor-in-possession commitment letters totaling $5.5 billion with a foursome of banks ahead of its planned filing for Chapter 11 bankruptcy protection later this month.

Cordelio Power has issued a C$858.2 million ($639.6 million) dual-tranche private placement to refinance a 249 MW portfolio of renewables in Ontario that the Canadian Pension Plan Investment Board-owned company bought in June.

A joint venture between JP Morgan Asset Management and an affiliate of New York-headquartered private investment firm Upper Bay Infrastructure Partners is providing financing for 8minutenergy Renewables’ 10 GW project pipeline.

Power Finance & Risk is now accepting pitches for Deal of the Year as part of its 16th Annual Deals and Firms of the Year Awards, recognizing excellence in power asset M&A and project finance across the Americas.

The frequency of devastating wildfires has rocketed in California over the past two years. Camp Fire, fully contained as of Sunday, looks set to wipe out a catastrophe bond. Jasper Cox, reporter at GlobalCapital, explores the sharp questions that arise about how to model and price an emergent risk to companies, buildings and people when this is bundled out to the capital markets.

AltaGas Canada, the power asset spin-off that was recently floated on the Toronto Stock Exchange, raked in an additional $35 million after the underwriters of its initial public offereing exercised a greenshoe option in full.

Atlantica Yield today withdrew a $300 million high yield bond offering it had been marketing for the past week in a sign that stock market volatility has infected the debt capital markets.

The rating on a R$1.2 billion ($320 million) bond issued in October to finance a transmission project in Brazil was boosted as a result of guarantees from the project's sponsors.

Duke Energy Corp. became the latest U.S. utility company to issue green bonds last week when it priced a $1 billion dual-tranche offering.

Spanish gas and power provider Naturgy (formerly Gas Natural Fenosa) has closed the first non-recourse project bonds to finance solar plants in Brazil.

TerraForm Power raised about $77 million with the second of two project finance private placements it priced this year to lever up unencumbered assets in the U.S.

Investment firm Vantage Infrastructure, which was known as Hastings Funds Management until a rebrand earlier this year, recently added to its debt team in New York as it seeks to capitalize on opportunities in the U.S.

The chairman, ceo and president of Canadian Solar, Dr. Shawn Qu, has agreed to withdraw his take-private offer for the company, at least for now, prompting investment bankers and private equity officials to wonder why he has so far been unable to secure the necessary funding.

Christoper Jordan has left his position as director of US private placements at Barclays in New York.

A deal from solar finance company Sunnova that was priced at the end of last week and a first-time residential solar securitization from Hannon Armstrong, announced on Monday, are rekindling the market for solar ABS in the fourth quarter.

Steven Nichols, who handled Southern Company’s groundbreaking entry into the green bond market in 2015 as capital markets manager, has joined BNP Paribas’s sustainable finance team in New York.

AltaGas has raised about $874 million by floating a portfolio of Canadian utility and power assets and loading the newly listed spin-off with debt.

Residential rooftop solar developer Sunnova is in the market this week with its second securitization, a $262.7 million offering backed by a pool of leases and power purchase agreements.

(Updated with bookrunners) The co-sponsors behind a coal-fired project that serves several copper mines in Chile under various power purchase agreements are preparing a joint loan and bond market refinancing.

Sturdier power market fundamentals, coupled with an abundance of capital, have improved the refinancing prospects of merchant gas- and coal-fired projects in PJM Interconnection, according to a report from Moody’s Investors Service.

Infrastructure credit doyen Thomas Murray resigned from Apollo Global Management in September, PFR has learned.

Several former Morgan Stanley power and utilities bankers have completed their move to Jefferies.

Yield company Clearway Energy priced a capital raise at $19.15 per share last week, raising about $75 million toward its acquisition of the Carlsbad gas-fired project in California from NRG Energy.

As interest rates creep up, privately placed, fixed-rate debt has a role to play in the financing of gas-fired projects, with at least one such deal for a greenfield, new-build project likely to come to the market in the next year, says Louise Pesce, managing director at MUFG.

GridLiance, the transmission company backed by Blackstone, is preparing to sign a $65 million revolving credit facility, its second senior secured debt financing, as it accumulates assets in line with its strategy to partner with cooperative and municipally-owned utilities on grid improvements.

Clearway Energy, the yield company formerly known as NRG Yield, has hired UBS for the latest chunk of financing for its acquisition of the Carlsbad gas-fired project in California.

Six of sPower's relationship lenders earned fees as co-placement agents on the company's recent $498.7 million privately placed bond offering besides the lead placement agent, structuring agent and ratings adviser, Citi.

Dominion Energy has added its name to the string of companies absorbing their master limited partnerships (MLPs) amidst increasingly pessimistic MLP sentiment in the capital markets, by offering to purchase its own MLP, Dominion Energy Midstream Partners.

Clearway Energy, the yield company formerly known as NRG Yield, came away from the bond market with more than expected on its first debt capital markets outing since transitioning to a new sponsor and a new name.

A wave of West Coast utility downgrades in the wake of Californian wildfires, and despite the passage of legislation that would allow the companies to pass some liabilities on to customers, has trickled through to at least one publicly-rated project finance deal.

AltaGas is preparing to launch an initial public offering through which it will spin off some of its Canadian assets and utilities as part of the fundraising push for its acquisition of WGL Holdings.

In the wake of this summer's California wildfires, Moody’s Investors Service has downgraded ratings on three west coast utilities, despite the passage of legislation that would allow them to pass some liabilities on to customers.

Just as one robin (or, depending on your geographic location, swallow) doesn’t make a spring, two project finance CLOs (PF CLOs)—Bayfront Infrastructure and RIN—may not confidently mark the re-emergence of PF CLOs. They are, nevertheless, a positive and potentially significant development, writes Paul Forrester, Chicago-based partner at Mayer Brown.

As a settlement deal emerges in the bankruptcy case of several FirstEnergy Corp. subsidiaries, the debtors have called off an auction that was set to take place next week for its retail sales business.

Residential solar developer Sunrun will launch a securitization backed by leases and power purchase agreements within the next month, say deal watchers.

TerraForm Power closed a project finance private placement in June as part of the fundraising effort for its acquisition of Spain’s Saeta Yield and has launched a second, similar deal, expected to close later this summer.

Starwood Property Trust was looking to price a $300 million high yield bond on Wednesday to support the acquisition of GE Capital’s energy project finance business.

Entergy Corp.’s regulated utility subsidiary in Louisiana priced a $600 million first mortgage bond on Aug. 8, listing construction of two gas-fired plants totaling more than 1.9 GW among the uses of proceeds.

NextEra Energy has hired a corporate development executive who was until recently a senior figure in the power and utilities group of an investment bank in New York.

Renewable power producer sPower has closed a $500 million private placement refinancing of a portfolio of renewables projects in California and Idaho.

Energy Capital Partners' waste-to-energy portfolio company Wheelabrator Technologies has sought approval to float 49% of its shares on either the New York Stock Exchange or Nasdaq.

Nomura, the Japanese bank that hired former Deutsche Bank group head Vinod Mukani to lead a push into Americas infrastructure and power finance last year, has expanded its team with a series of hires in the last two months.

Shares in California-based fuel cell maker Bloom Energy, which began trading on the New York Stock Exchange today, attracted strong demand in the secondary market, gaining in value by more than 50% by midday.

Jefferies has hired a senior banker from a bulge-bracket firm as it rebuilds its power and utilities investment banking team in New York.

After a slow first three months of the year, project finance activity picked up in the second quarter, propelling MUFG to the top spot of the North American power project loans and bonds league tables.

Faro Energy has printed Brazil’s first certified green bond for solar energy, as the financial product continues to break ground among Latin America’s solar companies.

Colombian power producer Empresa de Energia del Pacifico is set to become the country's first non-financial corporation to issue green bonds, with a deal that will finance finance a 197.36 MW portfolio representing the country's first large-scale solar projects.

The sustainability-linked loan pricing trend is gathering pace in the U.S., with renewables developer and utility holding company Avangrid becoming the latest corporation to agree to make the margin on its revolving credit facility dependent on environmental metrics.

Mosaic and Goldman Sachs priced a co-sponsored solar loan securitization on Monday, a $317.52 million deal dubbed Mosaic Solar Loan Trust 2018-2-GS.

Northland Power refinanced a C$700 million credit facility signed in 2014 in a deal announced June 22.

Goldman Sachs and residential solar finance firm Mosaic are preparing to jointly issue a new solar loan securitization.

Atlas Renewable Energy is planning to raise about $108 million through the issuance of senior and subordinated project bonds to refinance a pair of solar projects totaling 75 MW in Uruguay.

Credit Suisse was sole arranger on a privately placed solar securitization that Vivint issued alongside its public market debut last week.

TerraForm Power has foregone a planned public equity offering to fund its acquisition of Saeta Yield, instead using a backstop provided by its sponsor to place 61 million shares privately with Brookfield Renewable Partners and its institutional partners for $650 million.

The margins paid by Michigan utility company CMS Energy on two revolving credit facilities will, for the first time, be linked to its sustainability goals as a result of amendments signed on June 5.

Vivint has priced its first asset-backed securitization, a $466 million offering backed by a multi-state portfolio of residential solar assets, with the vast majority of the cash flows coming from power purchase agreements.

Residential solar lender Sunlight Financial has raised $50 million of equity from growth investor FTV Capital to fund enhancements to its technology platform and its product suite.

GE Energy Financial Services has mandated a pair of financial advisers to sell its project finance loan book as well as equity stakes in generation assets, PFR has learned.

Brazil’s CPFL Geração de Energia has received board approval to raise R$1.4 billion ($375 million) in the debt market.

NextEra Energy is paying about $195 million for two gas-fired plants in Florida, representing about 1.22 GW of owned capacity, that have contracts due to be renewed in the next three-to-five years, as part of its recently signed $6.475 billion asset purchase from Southern Co. and its subsidiary Southern Power.

Vivint is preparing to issue its debut asset-backed securitization, a $355 million offering that will be the year’s first ABS deal to be backed by power purchase agreements and leases.

BNP Paribas has hired a São Paolo-based banker to head its Latin America energy and utilities investment banking coverage.

PFR is pleased to announce the winners of its 15th Annual Deals and Firms of the Year Awards, with added emphasis this year on the leading investment banks in power across the Americas.

Citi has hired a senior banker from a rival firm to lead its North American commodities-linked financing business, with a focus on energy.

TerraForm Power has repriced its corporate term loan B, dramatically reducing its borrowing costs in a hot market as it proceeds with its acquisition of Spanish yield company Saeta Yield.

The #PowerTweets feature tracks trends in project finance and M&A in the Americas on Twitter.

Stocks in rooftop solar developers Vivint Solar and Sunrun jumped after the California Energy Commission approved a mandate requiring most new homes in the state from 2020 to have rooftop solar.

Vistra Energy Corp. is planning to issue a term loan B and upsize its revolving credit facility to refinance debt it has inherited through its acquisition of Dynegy.

Brazil has received more than a thousand applications to participate in its next power auction, scheduled for Aug. 31, with wind projects making up the bulk of the submissions.

FirstEnergy Corp. has priced a $450 million bond, the first to be issued by its Mid-Atlantic Interstate Transmission (MAIT) subsidiary, the proceeds of which will fund transmission investments this year.

NRG Yield has refinanced its $495 million revolving credit facility.

Canadian energy infrastructure sponsor TransCanada PipeLines priced a triple-tranche bond offering slightly tighter than initial price talk on May 3, despite a recent ratings downgrade.

New York-based lending platform Open Energy has signed a $50 million flow agreement with an unnamed bank to finance sub-1 MW solar projects on recourse basis.

DTE Electric Co. has become the newest member in the slowly growing club of investment grade U.S. electric utility companies that have issued bonds explicitly marketed or certified as “green”.

Residential solar lender Dividend Solar has closed its second solar securitization.

Two Latin American mid-stream gas companies and an independent power producer are preparing to tap the fixed income market in the coming weeks.

Boulder, Colo.-based Wunder Capital has raised $112 million in equity and debt as part of its Series B funding round, which was led by Cyrus Capital Partners with existing investors including Wunder's Series A lead Techstars Ventures.

Dividend Solar is prepping a $104.66 million asset-backed securitization, the company’s second ABS deal and the third deal to come to market this year.

Solar finance company Mosaic is preparing to issue its first asset-backed securitization of 2018.

An investment vehicle advised by Soros Fund Management has invested equity in Sunnova Energy Corp.

Solar finance company Mosaic is preparing to issue its first securitization of 2018.

FirstEnergy Corp. announced the long-awaited Chapter 11 filing of its competitive generation subsidiary FirstEnergy Solutions, as well as FirstEnergy Nuclear Operating Co., on March 31.

Ormat Technologies has secured a $100 million loan from Israeli insurance company Migdal Group.

NextEra Energy Resources has financed a solar project in Arkansas under the state's industrial revenue bond program, through a tax efficient sale-leaseback transaction.

ITC Transmission, a subsidiary of utility holding company Fortis, priced a $225 million first mortgage bond in mid-March in the U.S. private placement market, arguably at a tighter spread than it could have achieved in the public bond market.

AES Corp. is looking to reprice its $520 million senior secured term loan B to bring it into line with conditions in the market, as NRG Energy did earlier this month.

NRG Energy has repriced its senior secured term loan B, cutting the margin on the loan by 50 basis points and reducing the Libor floor to 0%.

The New York State Energy Research and Development Authority issued its debut residential solar asset-backed securitization last week, three months after the municipal green bond scheme it previously used for financing was scrapped.

TerraForm Power is issuing $400 million in common stock as part of the funding plans for its $1.2 billion takeover of Spanish yield company Saeta Yield, according to a filing with the U.S. Securities and Exchange Commission.

Peru LNG, the owner of South America's only gas liquefaction plant, garnered sufficient investor demand to cover its $940 million debut bond offering more than two and a half times, pricing the deal at the tail end of last week.

Penn Energy Renewables has refinanced five operational solar projects in Ontario with debt provided by Prudential Capital Group.

Four investment banks have been selected to lead an international bond issuance that will refinance the debt of South America’s only gas liquefaction plant.

Public benefit corporation New York State Energy Research and Development Authority is readying an $18.5 million asset-backed securitization to finance loans for rooftop solar installations across New York state.

There are a few days remaining to cast your votes for the best project sponsors, banks, law firms, institutional and tax equity investors and deals in PFR's 15th Annual Deals and Firms of the Year Awards.

Canadian miner Kinross Gold Corp is planning to raise around $200 million of debt to part-finance its acquisition of two hydro plants in Brazil with a combined capacity of 155 MW.

Moody's Investors Service changed the outlook on its B1 rating of TerraForm Power Operating—TerraForm Power’s bond issuance vehicle—on the announcement of its $1.2 billion bid for Spanish yield company Saeta Yield.

Bonds increased as a proportion of North American project finance deals in 2017 versus loans, as MUFG remained top in both categories, according to data from Dealogic.

A northeastern utility-scale solar developer is raising capital as it seeks to transform its business model by owning as well as developing projects, with the aim of amassing an up-to 1 GW portfolio.

Capital Dynamics has agreed to acquire the yield company 8point3 Energy Partners from its sponsors, First Solar and SunPower Corp.

AES Corp. has revealed a slimmed-down organizational structure, with its general counsel among the departures.

Lightstone Generation, the power joint venture between ArcLight Capital Partners and The Blackstone Group, repriced its term loan B package at the tight end of initial price thoughts on Friday afternoon.

Invenergy employed a novel structure for a roughly $64.75 million privately placed project bond it issued to finance its 50 MW La Jacinta solar project in Uruguay.

MidAmerican Energy priced a second green bond to finance the construction of its huge Wind XI project on Jan. 29.

Stem, an energy storage provider that helps customers avoid peak demand charges, has raised $80 million in series D funding, having built up a $500 million project finance war chest comprising both debt and equity.

FirstEnergy Corp. has raised $2.5 billion through a private placement of equity and preferred shares, bringing activist investors onboard ahead of an expected Chapter 11 restructuring.

A Texas-based hedge fund is seeking to arrange mezzanine capital for Panda Power Funds, mainly to refinance existing capital associated with its fleet of gas-fired combined-cycle projects in PJM Interconnection, deal watchers tell PFR.

A Cincinnati-based regional bank has arranged a $60 million loan for Greenbacker Renewable Energy, the New York-based renewables firm that has ramped up its acquisition activity in recent months.

Las Vegas-based utility NV Energy is explicity inviting bidders to propose generation-plus-storage projects for the first time in its latest request for proposals, under which it is seeking up-to-330 MW of renewables in its home state.

Power Finance & Risk is accepting pitches for Deal of 2017 as part of its 15th Annual Deals and Firms of the Year Awards, recognizing excellence in power asset M&A and project finance across the Americas.

Spanish solar developer X-Elio (formerly Gestamp Solar) has reacquired the Midway I solar project it sold to Solar Frontier Americas Development, the U.S. subsidiary of Japan-based Solar Frontier K.K., two years ago.

ERCOT’s latest capacity, demand and reserves report forecasts a reserve margin for the grid system operator’s territory, which covers most of Texas, of just 9.3% for summer 2018, raising the prospect of scarcity pricing.

Invenergy is planning to raise $64.75 million through a project bond to refinance a solar project in Uruguay that the sponsor acquired in March, a deal that could pave the way for international debt investors in the country.

The Salt River Project is preparing to issue a request for proposals in January to procure 100 MW of renewables as part of a plan to offer commercial and industrial clients greener energy.

A pair of Latin American power companies have brought dollar bonds to the market, with Mexico’s IEnova and Peru-based Inkia Energy raising $990 million between them.

Tesla priced the latest securitization from its SolarCity subsidiary on Friday, pushing total solar asset-backed securitization volume beyond $1.5 billion in 2017 as secondary market activity gradually builds.

FS Investments plans to shift the strategy of its $4.2 billion energy investment fund, placing greater emphasis on self-originated deals and the power and renewables sector, through a partnership with EIG Global Energy Partners.

Conor, Clark & Lunn Infrastructure has refinanced a pair of solar projects totaling 100 MW in Ontario with two unrated private placements.

The debt on Ares-EIF’s 286 MW Brooklyn Navy Yard cogeneration plant got a two-notch upgrade from S&P Global Ratings last week following the successful completion of a major maintenance project.

Calpine Corp. has tapped a series of corporate senior secured bonds maturing in 2026 for an additional $560 million as part of a $1.55 billion refinancing of debt associated with an almost 4.4 GW portfolio of gas-fired projects.

Vistra Energy, the Texas utility that is buying Dynegy, is the latest power sector borrower to launch a repricing of its term loans, with an almost $2.8 billion deal.

Moody’s Investors Service has affirmed Brazilian power company Electrobras’ rating at Ba3 and bumped up the outlook from negative to stable, as the state-owned power company marches ahead with its plans to offload a wealth of assets, including 862 MW of wind projects.

Investors are eager for a slice of Tesla’s latest solar asset-backed securitization from its SolarCity subsidiary, say industry sources, but solar ABS volume could remain limited in 2018 unless the challenge of securitizing commercial and industrial-scale solar assets can be cracked.

About three weeks after NRG Energy pulled a planned high yield bond offering amid market volatility, the independent power producer returned on Nov. 30, this time successfully raising $870 million.

Calpine Corp. was set to reprice three senior secured term loan Bs totaling $2.6 billion on Friday.

Competition among rating agencies to provide credit ratings for back-levered renewable project finance deals is heating up, with Fitch Ratings and Moody's Investors Service both said to have assigned their first ratings to such deals.

TerraForm Power, the former SunEdison yield company, priced two tranches of high yield bonds on Nov. 28 after increasing the overall size of the offering from $1 billion to $1.2 billion.

Canada’s Stoneway Capital Corp. reopened its 10-year dollar-denominated bonds for another $165 million last week to fund the conversion of a gas-fired plant in Argentina from simple-cycle to combined-cycle, a move that will add 120 MW of capacity to the under-construction facility.

A proposed change to spot market bidding rules in PJM Interconnection could raise power prices, according to a report by Moody’s Investors Service.

Exelon Corp. increased the size of a term loan B offering it priced last week to finance a portfolio of renewable assets in the U.S.

Talen Energy returned to the high yield bond market on Nov. 20 for an add-on transaction that increased the size of a 2026 series of unsecured notes it had issued the week before.

Solar and wind power producer sPower has priced a $421 million private placement secured on roughly half of its operational fleet, say deal watchers.

Pattern Development’s debt financing for its Henvey Inlet wind project in Ontario comprises a fixed-income bond tranche alongside a commercial bank loan, say deal watchers.

Talen Energy Supply priced a high yield bond on Nov. 14, but had to provide investors with an extra year of non-call protection as sentiment remained shaky on U.S. sub-investment grade debt.

Talen Energy Supply launched a $400 million refinancing on Tuesday in a wobbly high yield bond market that has recently seen three energy sector issuances pulled, including one from NRG Energy.

The Inter-American Development Bank is evaluating a possible 1 billion peso ($52 million) warehousing loan to finance a portfolio of small-scale solar projects in Mexico with a view to supporting a subsequent securitization in the local capital markets, a model the development bank has used for previous projects.

Exelon Corp. launched a $750 million term loan B backing an almost 1.8 GW U.S. renewables portfolio on Nov. 3, offering investors a rare "new money" deal during a period dominated by repricings and refinancings.

Morgan Stanley is arranging a $750 million term loan B backing a 1,791 MW portfolio of wind, solar and biomass assets owned by Exelon Corp.

Korea Electric Power Corp. has hired three bookrunners to run an investor roadshow ahead of a potential dollar-denominated green bond issuance as it looks to build a renewables portfolio in the U.S. through acquisitions.

TerraForm Power has increased the size of its term loan B by $50 million to $350 million and tightened the pricing during execution.

Tesla priced an asset-backed securitization offering backed by solar lease and power purchase agreements originated by its SolarCity subsidiary on Nov. 3, selling the bonds at the tight end of price guidance.

Two fossil fuel-fired generators repriced loans and TerraForm Power set out to refinance its debt this week amid borrower-friendly conditions in the leveraged finance market.

The U.S. International Trade Commission’s four sitting members have released three separate recommendations for temporarily restricting foreign imports of solar panels into the U.S.

Bookrunners issued pricing guidance on Tuesday for an ABS offering by Tesla backed by leases and power purchase agreements originated by its SolarCity subsidiary.

Latin American generator Inkia Energy is marketing a 10-year bond this week, as the company looks to buy back $450 million of debt at a time of uncertainty over its ultimate ownership.

MUFG's Matt Odette, director in project finance, and Frederick Echeverria, executive director on the private placement desk, discuss the trend toward financing projects in the bond market in the second part of this exclusive interview.

SolarCity is readying its second solar ABS transaction of 2017, a $340 million deal backed by residential rooftop solar leases and power purchase agreements.

RBC Capital Markets is arranging a $300 million term loan B for TerraForm Power.

Moody’s Investors Service has upgraded senior secured bonds issued by two Berkshire Hathaway solar projects in California, after Fitch Ratings did the same this summer.

Hot on the heels of a tightly-priced asset-backed securitization from Mosaic, Tesla-owned SolarCity is readying its second ABS issuance this year.

AEP Ohio has issued a request for proposals for up to 400 MW of solar generation in the state.

Matt Odette, director in project finance, and Frederick Echeverria, executive director on the private placement desk, discussed the trend toward financing projects in the bond market with Richard Metcalf, editor of PFR, in this exclusive interview.

Sponsors are increasingly sourcing project debt in the capital markets rather than from banks, according to data from Dealogic, which is good news for financial institutions with private placement desks.

S&P Global Ratings has raised its rating of TerraForm Power’s bonds by three notches following the replacement of SunEdison by Brookfield Asset Management as the yield company’s sponsor.

Dominion Energy Virginia has issued a request for proposals for 300 MW of solar and wind generation in the state.

Bids from investors are due on Oct. 16 for a $305 million private placement refinancing of a Brookfield Renewable Energy Partners hydro portfolio located mostly in New York state.

Atlantic Power Corp. repriced its term loan B for the second time this year, following an upgrade from Moody’s Investors Service.

Residential rooftop solar finance company Mosaic has refiled documents in preparation for an asset-backed securitization offering, nearly four months after the company originally filed for the deal in June.

Chilean independent power producer Colbún received $3.5 billion of orders for a $500 million corporate bond last week, says a banker on the deal.

Brookfield Renewable Partners is preparing to issue a $305 million bond to refinance a portfolio of hydro assets in New York ISO and PJM Interconnection.

LS Power wrapped a mini-perm on Friday to finance part of its acquisition of a bundle of merchant generation assets, called Aspen Generating, from FirstEnergy.

Atlantic Power Corp. is set to reprice its term loan B for the second time this year, following an recent upgrade from Moody's Investors Service.

Dividend Solar priced its first solar ABS transaction at the end of last week, as market chatter around the asset class increases on the back of rumors of more issuance during last month’s ABS East industry conference.

The U.S. International Trade Commission sent shockwaves through the solar industry when it found injury to the domestic crystalline silicon solar cell industry, based on a petition bought by bankrupt manufacturers Suniva and SolarWorld, on Sept. 22.

A host of companies, industry groups, foreign governments and supranational organizations have filed pre-hearing briefs with the U.S. International Trade Commission following its ruling in favor Suniva and SolarWorld in their Section 201 trade case.

JLM Energy has closed a $25 million loan to develop commercial and industrial solar-plus-storage projects.

Project sponsors have submitted more than 200 proposals in response to requests for proposals being run by a New York utility company and state agency.

The U.S. International Trade Commission has found injury to the domestic crystalline silicon solar cell industry based on a petition bought by bankrupt manufacturers Suniva and SolarWorld.

As cash pours into project finance, non-bank lenders are trying hard to differentiate themselves from banks and each other.

Temperatures may have exceeded 90 degrees in Las Vegas at Solar Power International, but a cloud in the shape of the Suniva trade case loomed over delegates and dominated discussion.

Cheniere Energy Partners LP Holdings priced a $1.5 billion high yield bond on Sept. 12 to partially refinance term loans the company signed in February 2016.

Moody’s Investors Service is reviewing its rating of TerraForm Power’s bonds for a potential upgrade ahead of Brookfield Asset Management’s expected acquisition of the yield company.

NRG Energy has received first-round bids for its renewable businesses, conventional assets and yield company, PFR has learned.

A consortium led by Chilean independent power producer Colbún has begun meeting investors ahead of a planned $340 million refinancing of its 570 MW Fenix Power Peru gas-fired facility in Chilca, Peru.

Duke Energy Florida is planning to procure 700 MW of solar generation as part of a four-year plan in the Sunshine State.

The LNG export terminals being built in Texas and Louisiana have so far not experienced major damage due to Hurricane Harvey, says Fitch Ratings.

Xcel Energy plans to issue a request for proposals for up to 2.4 GW of generation from gas-fired, wind and solar projects, as part of its proposed energy plans for Colorado.

Italy's Enel is considering a corporate reorganization of its assets in Chile that could involve the merger of its renewables business in the country into its conventional generation arm.

Three former executives at Venture Global LNG have founded a U.S.-based international investment firm with a focus on infrastructure.

A private equity portfolio company offered term loan B investors a discount to tempt them into a repricing transaction that was priced at the wide end of initial guidance last week.

Siemens Financial Services has hired a director in equity, debt and structured finance, who was most recently involved in project finance at GE Energy Financial Services.

An independent power producer and a private equity firm are seeking to reprice two term loan Bs to take advantage of borrower-friendly conditions.

Atlantic Power Corp. could seek to reprice its term loan B “as early as October” if interest rates remain low, the company’s ceo said during its second-quarter earnings call on Aug. 4.

On Aug. 2, TerraForm Power asked holders of two series of high yield bonds it originally issued in 2015 for permission to alter the terms of the debt to allow for a change of sponsor from SunEdison to Brookfield Asset Management.

Invenergy has refinanced its operational 70 MW Campo Palomas wind project in Uruguay with a $135.8 million private placement.

Dominion Energy, looking to further expand its burgeoning renewables pool, has issued a request for information on renewable generation it could procure to serve commercial and industrial clients.

The Illinois Power Agency has issued a request for proposals for renewable energy certificates from new wind and solar generation.

A solar developer has wrapped a $450 million debt investment arranged by an Asian state-owned investment manager and a New York-based private credit firm.

MUFG retained its number one spot in the North American power project finance mandated lead arranger league table for the first half of 2017, as gas-fired deals attracted institutional capital, while wind financing hit a lull.

Morgan Stanley has repaid debt associated with a gas-fired project it recently acquired in PJM Interconnection as it seeks to make the asset produce a dependable yield.

Moody’s Investors Service has assigned a rating to a $6.3 billion debtor-in-possession facility for Energy Future Holdings, amid a tussle over who will own its main asset—Oncor Electric Delivery Co.—should it emerge from bankruptcy.

In June, officials from KeyBanc Capital Markets, Prudential Capital Group, Voya Investment Management and BlackRock discussed the latest trends U.S. renewable project finance with PFR.

A Texas-based utility company has issued a request for proposals for 370 MW of generation by 2023 to meet increasing demand and replace older and less efficient projects.

Duke Energy has issued a request for proposals for up to 200 MW of wind generation to be delivered in Indiana.

AES Corp. priced a $1.5 billion private placement, to partially finance its AES Southland portfolio of gas-fired and battery storage assets in California, last week.

NextEra Energy Partners has obtained its first credit ratings as the yield company prepares to raise debt in the capital markets.

Spruce Finance, which finances residential solar and energy efficiency projects in the U.S., sold a $250 million loan portfolio to an undisclosed North American bank on June 21.

Pricing has flexed on a debtor-in-possession facility and term loan refinancing for Energy Future Holdings.

Companies linked to Argentina’s RenovAr renewables program could use the good sentiment built up by the sovereign’s $2.75 billion 100-year bond, priced on June 19, to print their own debt in the capital markets, say bond syndicate bankers.

FirstEnergy Corp. priced $3 billion of corporate bonds across three tranches on June 19 to refinance debt amid efforts to shed its competitive generation business.

Brookfield Renewables wrapped a private placement last week to refinance a merchant hydro portfolio in New England.

Solar lending platform Mosaic is preparing to launch its second asset-backed securitization just four months after sealing its inaugural ABS offering.

Moody’s Investors Service has raised the credit rating of a gas-fired peaker in Illinois by one notch in the wake of the recent PJM Interconnection capacity auction.

Two banks are marketing a refinancing of Energy Future Holdings’ multi-billion dollar debtor-in-possession and term loan financing as an existing DIP facility approaches its due date.

Apple priced a $1 billion 10-year green bond on Tuesday, building on its $1.5 billion inaugural offering last year. The technology company plans to use the proceeds for one or more renewable and efficiency projects.

Three banks are leading on a roughly $2.2 billion debt package for a portfolio of gas-fired and battery storage projects that AES Corp. is developing in California.

The results of the latest PJM Interconnection capacity auction, announced on May 23, could lead to more conservative lending terms for new-build gas-fired facilities in some regions.

Burlington, Mass.-based InterGen will soon launch a formal sales process for its Mexican businesses, marking the end of a 20-year venture into the country as the group looks to chop assets to tackle incoming debt maturities.

Spain’s SolarPack has signed $104 million of syndicated and bilateral loans, partly to finance three solar projects in the Atacama desert in northern Chile.

NRG Energy and its subsidiary, GenOn Energy, have reached an agreement with a group of GenOn creditors that could pave the way to a consensual Chapter 11 restructuring.

NRG Energy placed a $407 million private placement with a group of investors led by a large U.S. insurer as part of the financing for its Carlsbad Energy Center in California, PFR has learned.

NorthWestern Energy has issued a request for proposals for up to 45 MW of generation from community renewable projects.

LS Power has closed a hybrid bank and institutional debt financing for a more-than-3 GW portfolio of merchant and gas-fired projects and sold the assets to a new group of institutional investors.

Cheniere Energy has priced a $1.5 billion high yield bond to refinance debt associated with its Corpus Christi LNG facility in San Patricio County, Texas.

A former senior financier at SunEdison and TerraForm Power has joined a roughly one-and-a-half-year-old solar-focused private equity firm.

Solar and Property Assessed Clean Energy (PACE) experts at the IMN Green Investing Conference on Thursday noted that both markets will see more participation as issuance accelerates and the sectors become more sophisticated.

Fitch Ratings has revised the criteria it uses to assess renewable projects, which could lead to upgrades for several solar project financings.

Apex Clean Energy has mandated a financial adviser to find a strategic investor for the renewable sponsor.

As NextEra Energy priced a $1.25 billion 10-year corporate bond on April 25 to refinance debt that is due to mature later this year, investors were apparently untroubled by the snag it hit trying to acquire a Texas utility company.

Spain’s Acciona has signed a €100 million 'green loan' with BBVA to part-finance its solar and wind projects in Chile.

Arizona Public Service is planning to issue a request for proposals for between 400 MW and 700 MW of summer peaking capacity.

Houston-based residential solar finance company Sunnova priced a debut asset-backed securitization this week, putting the issuance volume of solar ABS year to date higher than in the entirety of 2016.

Goldman Sachs has been hired for a potential sale of Spruce Finance, say deal watchers.

Moody’s Investors Service has placed the debt associated with a contracted gas-fired cogeneration plant in California on review for downgrade, citing renewable development and hydrology levels in the region.

Argentina has set itself an ambitious goal for renewables to make up about half of the country's generation capacity within 10 years, but large funding challenges lie ahead if this is to become a reality.

Talen Energy Supply has increased the size of its term loan B offering by $100 million and priced a $400 million five-year bond.

The two sponsors behind 8Point3 Energy Partners have announced that they are each undertaking a strategic review of their stakes in the yield company as First Solar seeks quicker sales for its projects.

A merchant bank and a boutique investment bank, each led by an experienced financier, have joined forces to form a new advisory firm focusing on natural resources, energy, power and utility infrastructure.

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.

Paige Wisdom, the former chief enterprise risk officer at Freddie Mac, has joined residential Property Assessed Clean Energy (PACE) lender Renovate America as cfo.

Five Massachusetts electric distribution companies have issued a request for proposals for renewable projects in the state, with a view to signing 15- to 20-year contracts for over 1 GW of generation and associated renewable energy certificates.

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.

At least 10 senior employees who worked in areas including finance, development and procurement at Recurrent Energy have left the solar sponsor in a wave of departures in recent months.

Two banks are arranging a non-recourse $200 million loan for the residential solar sponsor Sunrun.

Sunnova Energy Corp. has mandated a bank for its inaugural asset-backed securitization.

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.

Talen Energy is undertaking a corporate refinancing involving the issuance of a new $400 million secured term loan B, a repricing of its existing $600 million term loan and an offering of up to $500 million of senior unsecured notes.

The debt financing for Competitive Power Ventures' 1,050 MW Fairview gas-fired combined-cycle project in Jackson Township, Pa., included a fixed-rate tranche provided by three international institutional investors, PFR has learned.

Hannon Armstrong has issued an $84 million green debt private placement to finance solar and energy efficiency projects in an offering arranged by BlackRock.

New York-based utility company Consolidated Edison has hired a corporate finance director who worked in Barclays’ investment banking group until last month.

Vivint Solar has pushed out the maturity date on its $375 million revolving credit facility arranged by Bank of America Merrill Lynch.

Rocky Mountain Institute has issued a request for proposals for the development of at least 16.75 MW of community-scale solar projects in Colorado.

Sungevity filed for Chapter 11 bankruptcy protection in Delaware on Monday. The Oakland, Calif.,-based distributed solar sponsor has agreed to sell its assets to a group of investors.

The Carlyle Group has partly refinanced a 1,066 MW portfolio of gas-fired plants in Georgia, having removed two assets from the collateral package, with implications for a series of bonds related to the portfolio.

Actis has closed its fourth energy-focused fund, Actis Energy 4, which will invest in generation and distribution businesses in Latin America, Africa and Asia.

Cheniere Energy priced a $1.35 billion of debt for its Sabine Pass LNG liquefaction project in Louisiana in the public bond market on Feb. 28 after closing an $800 million private placement for the same project the previous week.

Duke Energy Renewables closed a privately placed debt financing for a roughly 700 MW portfolio of operational wind projects in Texas and Oklahoma in January, PFR has learned.

NextEra Energy needs to find about $20 billion in 2017 to finance its project pipeline and its acquisition of Oncor Electric Delivery Co., and is likely to tap a variety of sources, according to a report from Moody’s Investors Service.

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.

Cheniere Energy has priced the $1.35 billion senior secured note offering it announced yesterday, completing the refinancing of loans obtained in 2015 for its Sabine Pass project in Louisiana.

Cheniere Energy is hunting for $1.35 billion of debt for its Sabine Pass LNG liquefaction project in Louisiana in the public bond market after closing an $800 million private placement for the same project on Friday.

Chilean utility Transelec surprised project finance bankers this week when it awarded a roughly $93 million transmission project to a consortium that includes Spain’s Abengoa, which is in the midst of a debt restructuring process.

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.

Following a competitive nomination process and careful deliberation, PFR can now reveal the finalists for its 14th Annual Deal of the Year Awards.

The board of supervisors of an Arizona county has issued a request for proposals for up to 1.5 GW of utility-scale solar projects.

Pattern Energy Group, the yield company of Pattern Development, is cautiously considering taking a stake in its sponsor’s development-stage projects, according to an analyst report.

Calpine Corp. is entertaining asset sales as it works to reduce its debt load and shrink its balance sheet.

The former head of BBVA’s North American project finance group has landed a position at a British Columbia-based LNG project developer.

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.

The U.S. Federal Energy Regulatory Commission has issued an order delegating additional authority to its staff in lieu of quorum.

California-based solar finance company Mosaic sold a $138.95 million ABS deal late last week, with sources saying it was heavily oversubscribed.

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.

Competitive gas prices, low cost of capital and a changing political landscape rank high on the list of factors that will define generation asset sales and purchases in 2017, according to several market participants interviewed by Power Finance & Risk.

MidAmerican Energy joined the growing ranks of U.S. utility companies that have issued green bonds with an $850 million dual-tranche offering on Monday.

The most frequently asked questions regarding nominations for our Deal of the Year Awards.

SolarCity has announced a $145 million asset backed securitization, bringing deal flow in the year to date to two offerings and putting the first month of the year on par with activity in all of 2016.

Pattern Energy priced its debut high yield bond on Friday in a $350 million offering that was marketed to investors last week.

Starwood Energy Group Global has raised more than half of the $1.5 billion it is targeting for its third infrastructure fund.

Project finance bankers will be watching carefully this year to see how President Trump’s administration will handle issues affecting the power industry, but other topics such as the rise of the non-traditional power purchase agreement and the availability of new pools of capital are also on their radars.

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.

California-based solar finance company Mosaic is preparing to hit the ABS primary market with an offering backed by loans on residential rooftop solar systems, the first such transaction since early 2016.