Corporate Finance

EnCap portfolio company Linea Energy has secured $145 million in a corporate revolving credit facility to support its 4GW solar, wind, and battery project pipeline across the US.

CenterPoint Energy subsidiary Southern Indiana Gas and Electric Company (SIGECO) entered into a $325 million bond purchase agreement in part to fund the acquisition of the 228MW Posey solar project.

Brazilian utility Cemig is planning to issue R$2 billion ($363m) in debentures for its distribution business, Cemig-D, on 15 September 2024.

Asian private investment firm PAG has subscribed to $200 million in aggregate principal amount of convertible notes issued by Canadian Solar.

Danish energy giant Ørsted reported $575 million in impairment losses during Q2 2024, partially caused by the construction of its 704MW Revolution Wind project and the cancellation of New Jersey Ocean Wind projects.

CDPQ has invested $158 million with professional services firm WSP Global to fund its acquisition of US energy consulting firm POWER Engineers.

Fortis-owned Tuscon Electric Power Company (TEP) of Arizona has offered $400 million in 5.2% senior notes due 2034.

The infrastructure arm of Goldman Sachs Alternatives has made a $440 million investment into US renewable energy platform BrightNight.

Update to include:

Essentia Energia, through its subsidiary Infraestrutura Brasil Holding XX, has raised R$150 million ($27m) in debentures.

Great Bay Renewables has provided Nova Clean Energy with an additional $40 million loan to advance its 6.5GW of wind, solar, and battery projects across North America.

Sustainable aviation fuel (SAF) company LanzaJet has received a strategic investment from Airbus, adding the aircraft manufacturer to its latest growth equity funding round.

Renewables business Primary Energy has closed its $178 million platform refinancing led by Apterra Infrastructure Capital, PFR has learned.

Power transition and infrastructure-focused real assets investment firm, Elda River Capital Management, has joined battery storage developer Spearmint Energy’s $200 million credit facility.

Cowboy Clean Fuels (CCF) has closed a $13 million series B financing led by Machan Investments to support its renewable natural gas production technology.

Peak Energy, a US-based energy storage company, has secured $55 million to launch production of its sodium-ion battery technology.

LevelTen has finalised a $65 million series D funding led by B Capital in order to branch into new markets, such as clean hydrogen.

US-based solar PV company SolarEdge Technologies has sold an extra $37.2 million in 2.25% convertible senior notes due 2029 to Goldman Sachs & Co.

Distributed generation solar developer Spruce Power Holding Corporation secured a $130 million non-recourse debt facility from global investment manager Barings.

Clean fuels technology company Aether Fuels has secured $34 million in Series A financing from a syndicate of global investors.

Mitsubishi Heavy Industries and Export Development Canada are some of the latest investors in a $31 million Series A2 financing for energy storage company e-Zinc.

Low-emission fuels producer ClearSky Global has inked a $168 million investment from a private ESG-focused investment group.

MUFG has joined several other major investors in sustainable aviation fuel producer LanzaJet’s $100 million growth equity funding round.

Cerberus Capital Management has invested $315.5 million in Eos Energy Enterprises, a manufacturer of zinc-based long duration energy storage systems.

Hannon Armstrong Sustainable Infrastructure Capital (HASI) has priced its private offering of $700 million in aggregate principal amount of 6.375% green senior unsecured notes due 2034.

Corporación Interamericana para el Financiamiento de Infraestructura (Cifi) has issued a series of green bonds totalling $10 million to finance renewable projects in Latin America.

Several large energy developers have become investors in tax credit transfer platform Crux Climate through a $18.2 million Series A funding round.

Blackstone-owned energy storage business Aypa Power is set to close a $650 million pre-Notice to Proceed development facility, PFR has learned.

Washington-based Puget Sound Energy (PSE) has closed on the sale of its $800 million schedule A and B senior notes.

Export Development Canada (EDC) has led a $136 million equity financing for FLO, a North American EV charging hardware and software provider.

Swift Solar has closed a $27 million Series A financing round led by Eni and Fontinalis Partners for advanced solar panel manufacturing.

Equatorial Energia has requested 2 loans totalling up to $250 million from the International Finance Corporation (IFC).

One Energy Enterprises has sold additional shares of its Series A convertible preferred stock, bringing the company’s fundraising to more than $35 million.

Argentine power generator Grupo Albanesi, through its subsidiaries Generación Mediterránea and Central Térmica Roca, is planning to issue bonds in the local market.

Energy-as-a-service provider Redaptive has extended its warehouse facility to $250 million as it looks to grow its solar, HVAC, LED, and other sustainability projects.

Geothermal technology company XGS Energy has closed a $20 million Series A financing led by Valo Ventures and VoLo Earth Ventures.

ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) is planning to issue R$1 billion ($198m) in debentures in Brazil.

Investment firm Carlyle has formed a partnership with Sungage Financial and purchased $450 million in newly issued residential solar loans from the company.

Energy giant AES has issued $950 million aggregate notes due 2055 at 7.6% to fund the development or redevelopment of clean power projects.

Wisconsin Electric Power Company will issue $350 million 5% debentures due 15 May 2029.

One Energy and special purpose acquisition company (SPAC) TortoiseEcofin Acquisition Corp III have filed with the Securities & Exchange Commission to merge ahead of being publicly traded as One Power Company.

GE Vernova has recommended its shareholders ignore TRC Capital Investment’s mini tender offer of $155 per share for 0.4% of the company's outstanding shares.

Massachusetts-based Electric Hydrogen has inked a $100 million corporate financing led by HSBC to grow its production of 100MW electrolyser plants.

Southern Company has issued $1.1 billion in convertible senior unsecured notes due 15 June 2027 via a private placement.

Comvest Credit Partners has provided a $70 million senior credit facility to Nationwide Energy Partners (NEP) to pay off debt and develop utility infrastructure projects.

Zanskar has closed $30 million in a Series B funding round led by Obvious Ventures to scale its AI and data-based platform used for discovering geothermal energy resources.

Hitachi Energy has invested more than $100 million alongside Investissement Quebec to upgrade and modernise its power transformer factory in Varennes and other facilities in Montreal.

Green Energy Park has raised $30 million in series A funding that will help support the company’s Piauí green hydrogen project in Brazil.

Pine Gate Renewables has closed a $650 million investment round led by Generate Capital, the Healthcare of Ontario Pension Plan (HOOPP), and HESTA.

Duke Energy has sold an aggregate principal amount of $177.3 million Series A storm recovery bonds to fund transmission repairs caused from major storms, PFR has learned.

GA Drilling, a deep geothermal company, has closed $15 million in financing from several investors to scale its geothermal technologies.

Southwest Gas has closed on its near $300 million initial public offering (IPO) of subsidiary Centuri Holdings.

HASI has amended and extended its corporate unsecured credit facility with 14 banks to $1.65 billion, including a revolving line of credit, term loan A, and Green Commercial Paper Note Program (CarbonCount Green CP).

Power generation company Engie Energía Chile has issued $500 million in green bonds on international markets.

Brazilian power generator Eneva will issue R$2.5 billion ($475 million) in debentures to refinance assets.

KKR Infrastructure Conglomerate (K-Infra) and its subsidiaries have signed a $150 million revolving credit facility that allows the company to borrow up to $1 billion.

Arcadia, a utility data and community solar platform, has closed a $50 million investment round led by a Macquire Asset Management fund to support its community solar program in the US.

Community solar developer Nexamp has secured a $520 million investment led by Manulife Investment Management to fund its over 2GW project pipeline in the US.

New Rise Renewables has launched its 3,200 barrel-per-day renewable sustainable aviation fuel (SAF) facility in Nevada.

Engie Energía Chile has commenced a cash tender offer for any outstanding 4.5% notes due in 2025, totalling $350 million.

Enbridge subsidiaries Enbridge Energy Partners and Spectra Energy Partners have closed on their offering of $3.5 billion in senior notes, PFR has learned.

Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.

Chevron New Energies (CNE) has led a $45 million Series A financing for ION Clean Energy, a carbon capture technology company.

Eletrobras has approved its fifth issuance of non-convertible unsecured debentures, aiming to raise up to R$3.5 billion ($696.4m).

Canadian Solar subsidiary Recurrent Energy has secured a €110 million ($120m) multi-currency facility from a consortium of banks led by Investec to support its solar and storage project pipeline in Canada, the US, and abroad.

Public Services Company of New Mexico (PNM) and its subsidiaries, PNM Resources and Texas-New Mexico Power Company (TNMP), have entered extended 3 revolving credit facilities, PFR has learned.

Renewable fuels company Raven SR has closed $15 million in an investment round led by Ascent Funds to grow its production of synthetic fuels, hydrogen, and sustainable aviation fuel (SAF).

Natural gas utility Atmos Energy has entered into 2 revolving credit facilities totaling $3 billion, PFR has learned.

Solar and storage developer MN8 has closed a private placement at $325 million from Mercuria Energy Group and Ridgewood Infrastructure to grow its US pipeline of solar, storage, and electric vehicle (EV) charging projects.

Brazilian development bank BNDES and the French Development Agency (AFD) have signed an agreement to raise around R$1 billion ($200m) for green and sustainable infrastructure projects in the legal Amazon, North and Northeast regions of Brazil.

Renew Energy Partners has completed financing on its fourth investment vehicle, Renew Energy Efficiency Projects 4 (EEP4), and signed a master revolving loan and security agreement with Mitsubishi.

Utility-scale battery storage developer Lightshift has received $100 million in investments from 2 of Greenbacker Capital Management's sustainability and infrastructure-focused investment vehicles.

Natixis Corporate & Investment Banking has closed a $900 million letter of credit with Invenergy to fund its project development pipeline of utility-scale wind and solar projects, as well as battery storage systems.

Aemetis, a renewable natural gas (RNG) and fuels company, has been approved by the US Citizenship and Immigration Services (USCIS) for a $200 million EB-5 investment program for several RNG projects.

SunPower has fallen foul of Nasdaq listing rules amid debt restructuring caused by higher than expected losses in 2023.

Cheniere Energy has closed the sale of a $1.5 billion aggregate principal senior notes offering, PFR has learned.

Renewable developer Serena Energia (formerly Omega Energia) is planning a secondary share offering in Brazil.

Reformed Energy is to receive a strategic investment from Riot Platforms to fully commercialise its waste-to-energy technology.

Nuclear power plant operator Constellation Energy has offered $900 million in green senior notes due 15 March, 2054, PFR has learned.

Sustainable aviation fuel (SAF) producer XCF Global Capital has agreed to combine with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition.

The Development Bank of Latin America and the Caribbean (CAF) has obtained a $100 million credit line extension co-financed by the Japan Bank for International Cooperation (JBIC).

Quaise Energy has secured $21 million in series A1 funding led by Purdue Ventures and Safar Partners to expand its deep geothermal energy operations.

Brazilian development bank BNDES and the Asian Infrastructure Bank (AIIB) have signed an MoU to deepen cooperation on providing sustainable finance in Brazil.

Utility-scale solar and energy storage development company Redeux Energy Partners is seeking investors to buy a minority stake as a corporate-level equity capital raise, PFR has learned.

Alliant Energy’s Wisconsin Utility, the Wisconsin Power and Light Company (WPL), is offering $300 million aggregate principal amount of 5.375% debentures.

New Fortress Energy will offer $500 million aggregate principal senior secured notes due 2029 via private offering.

The Government of Canada has closed its second green bond issuance, a C$4 billion ($2.9 billion) 10-year green bond, becoming the first sovereign borrower to issue a green bond that includes nuclear expenditures.

Geothermal development and technology company Fervo has raised $244 million in funding led by shale oil and gas business Devon Energy.

Renewable real estate investment fund SolaREIT has secured an additional $30 million in revolving credit from Atlantic Union Bank.

The power generation arm of YPF, YPF Luz, is planning to issue up to $60 million in bonds in Argentina.

Blackstone-owned Tallgrass Energy Partners will offer $400 million aggregate principal amount of senior secured notes due 2029 in a private placement.

Allete has expanded its 5-year US green energy investment plan by $1 billion alongside its successful 2023 revenue reports. The plan now includes $4.3 billion for its utility division, Minnesota Power, to grow its renewable energy exposure.

Construction giant Kajima has invested in a Canadian geothermal energy technology company, Eavor Technologies.

Battery manufacturer Ascend Elements has raised $162 million in equity investments from Just Climate, Clearvision Ventures, and IRONGREY.

Residential solar company SunPower has raised $175 million as it plans to mitigate threats of default with long-term financial changes.

National Fuel Gas Company (NFG) has entered a multi-bank $300 million unsecured term loan credit facility, PFR has learned.

Cemig-D, the Brazilian utility’s distribution business, is planning to issue R$2 billion ($402 million) in bonds on 15 February 2024.

NextEra Energy led a $36 million investment round in Avnos, a startup developing a novel hybrid direct air capture (HDAC) technology for carbon dioxide removal.

Brookfield Asset Management (BAM) has raised $10 billion at first close of its second energy transition fund with a fundraising target of $17 billion.

Spire is offering $350 million in 5.3% senior notes due 2026 to help fund the acquisition of the MoGas and Omega pipeline systems.

Argentine power generator Albanesi Energía is planning to issue bonds in the local market, scheduled for 14 February 2024.

Generate Capital closed its latest capital raise, with new investments totalling $1.5 billion, last week (31 January).

Midstream power company NGL Energy Partners has closed on a $2.9 billion refinancing.

Residential solar company SunPower has received waiver extensions from its lenders and $20 million from its majority shareholders as it plans to mitigate threats of default with long-term financial changes.

Clean energy tax credit transfer platform Crux has closed a $18.2 million series A funding led by venture capital firm Andreessen Horowitz.

Midstream power company NGL Energy Partners has increased its senior secured notes offering to $2.2 billion.

Actis-backed power generation company Valia Energía has issued $530 million in project bonds in Mexico.

Capricorn Investment Group, the $9 billion investor, has made a minority investment in sustainability-focused private equity firm SER Capital Partners.

Power company Grupo Energisa has launched a R$2 billion ($405 million) share offering in Brazil.

Canadian Solar subsidiary and global solar and storage developer, Recurrent Energy, has secured a $500 million preferred equity investment from a fund managed by BlackRock’s climate infrastructure business.

Chile’s Inversiones Latin America Power (ILAP) has successfully completed its Chapter 11 restructuring process.

Power company Grupo Energisa is preparing a potential R$2 billion ($405 million) share offering in Brazil.

E-fuel company INERATEC has closed a $129 million Series B funding to launch its industrial-scale technology production for projects across the US and abroad.

Colombian oil and gas company Ecopetrol has raised $1.85 billion in bonds that will be used to mainly refinance existing notes.

Hannon Armstrong Sustainable Infrastructure Capital (HASI) has doubled its additional 2027 green senior unsecured notes in aggregate principal of 8% to $200 million.

Independent power producer (IPP) Pathway Power has entered a $25 million growth capital partnership with Tokyo-based independent renewables business Renova.

Brookfield Renewable has issued C$400 million (US$298.5 million) of medium-term loans to pay for future green investments and repay indebtedness incurred in previous ventures.

Hannon Armstrong Sustainable Infrastructure Capital (HASI), will privately offer $100 million in aggregate principal of 8% green senior unsecured notes.

Point-of-sale finance firm Sunlight Financial has named current chief operating officer (COO) Timothy Parsons as the company’s new chief executive.

Renewable developer BrightNight has closed a $375 million corporate credit facility to complete the development of its US solar, energy storage, and integrated technologies portfolio.

Southwest Gas Holdings has appointed William “Bill” Fehrman as president and chief executive of Centuri Group, effective January 12, 2024.

Hull Street Energy has closed on a $160 million credit facility to finance its 855 MW Milepost Power Texas portfolio, Mesquite Generation.

Natural gas marketer ARM Energy Services and Rabobank have increased the revolving credit capacity on a senior secured credit facility by an additional $50 million to $160 million.

IDB Invest has agreed to provide long-term financing to Air-e to support the company’s distribution services in Colombia.

A consortium including Sunstone Credit, IGS Ventures, and an affiliate of Greenbacker Capital Management, have closed on the acquisition of residential solar lender Sunlight Financial Holdings following its Chapter 11 restructuring.

Small modular nuclear reactor and fuel business X-Energy Reactor Company (X-energy) has completed a $80 million Series C financing round.

Mammoth Energy Services subsidiary Cobra Acquisitions will transfer around $54.4 million of its outstanding receivables with the Puerto Rico Electric Power Authority (PREPA) to the SPCP Group for $46.3 million.

Investment firm Hannon Armstrong Sustainable Infrastructure (HASI) will hold a private offering of $500 million in green senior notes to develop green energy projects.

Renewables developer energyRe has raised a $1.2 billion capital package to develop and construct its 10.5GW solar, wind, and storage portfolio, as well as 500 miles of transmission.

Utility-scale energy storage developer Malta has closed a funding round with investors from Siemens Energy Ventures and Alfa Laval, as well as existing shareholders, to grow its long-duration solar production and development.

NextEra Energy Partners, will privately offer $750 million of senior unsecured notes due 2029 via its direct subsidiary, NextEra Energy Operating Partners (NEP OpCo).

Chile’s Inversiones Latin America Power (ILAP) filed for Chapter 11 in the Southern District of New York on November 30 2023 in a voluntary restructuring process.

Clean power provider Suntuity Renewables and special purpose acquisition corporation (SPAC) Beard Energy Transition Acquisition (BRD) have mutually agreed to terminate their merger to take Suntuity public.

Copenhagen Infrastructure Partners (CIP) has launched a platform for the development and realization of renewable projects in Canada, Horizon New Energy, as part of the firm's expansion into the Canadian market.

Mainstream Renewable Power has completed the restructuring of its Chilean subsidiaries, Condor Energía and Huemul Energía following a months-long process.

Colombian infrastructure company Interconexión Eléctrica SA (ISA) has secured an up to COP$500 million ($124 million) loan.

Community solar and battery project developer PureSky Energy has closed a 3-year $150 million revolving credit facility with Nomura to fund its interconnection projects and grow its acquisition pipeline.

DSD Renewables has received a $250 million strategic investment from Cox Enterprises.

Renewables developer Madison Energy Infrastructure (MEI) has closed a $450 million debt financing from a club of seven banks to develop and deployment of its commercial and industrial (C&I) projects.

Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities, has closed on a $200 million facility from private equity giant Blackstone.

Suncor is offering C$1.468 billion ($1.5 billion) in unsecured senior notes to fund its acquisition of TotalEnergies Canada.

Colombian energy company Grupo Energía Bogotá (GEB) has issued a $400 million green bond, the first such bond issued by a Colombian company on the international market.

Sunnova Energy has secured a $244 million securitization for its Hestia I solar project, which includes the development of 587MW of distributed generation energy resources (DERs) and associated software in Puerto Rico.

Chesapeake Utilities is looking to raise $330 million through a common stock offering to help fund its Florida City Gas acquisition, expected to close in the fourth quarter of 2023.

Electricity utility Eletrobras and Brazilian development bank BNDES have agreed on a restructuring of the debts of hydro firm Santo Antônio Energia (SAESA) – an indirect subsidiary of Eletrobras.

Durham, North Carolina-based Strata Clean Energy has closed a $300 million revolving loan and letter of credit facility to develop its 17GW pipeline of solar and storage projects.

Energy giant BP has declared impairments of $540 million related to its New York offshore wind projects, Empire Wind 1 and 2 and Beacon Wind. BP owns the projects off the New York and Massachusetts coasts in a 50:50 joint venture with Equinor.

After New York state rejected a request from offshore wind developers to raise prices, Norwegian energy giant Equinor has recorded a $300 million impairment on its US offshore wind projects.

Battery storage system manufacturer CMBlu Energy has secured $106.7 million in financing from STRABAG, the Austrian construction and infrastructure technology group.

Utility-scale solar and storage developer Palladium Energy has closed on a $10 million corporate equity investment from energy transition and decarbonization private investment firm Ultra Capital.

Brazilian power company Energisa is issuing bonds for up to R$1.837 billion ($364 million) to finance energy infrastructure projects across Brazil.

Energy transition private equity firm Hull Street Energy has made a strategic investment in distributed generation solar development company Greenskies Clean Focus.

Perch Energy, a community solar technology platform, has closed a $30 million investment from Nuveen in a series B round.

Electric Hydrogen (EH2) has completed a $380 million series C financing to accelerate the company's manufacturing and deployment of its green hydrogen system.

Distributed solar and storage developer Cultivate Power has secured a $10 million corporate equity investment from Generate Capital.

Texas-based Vistra Corp is issuing both secured and unsecured senior notes to fund part of the $3 billion cash component of the company’s pending Energy Harbor acquisition.

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.