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Brazilian project financing is rebounding with capital markets registering a record high of issuances again this year. Yet, large-scale projects are having difficulties accessing foreign capital in Brazil, a local currency market, panelists at IJLatam 2024 in Miami said.
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The United States Department of Agriculture (USDA) has granted $2.3 billion in funding to 39 energy infrastructure and renewable energy projects in rural communities across 23 states.
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Private equity firm Bridgepoint's proposed $1.1billion acquisition of energy-focused investment manager Energy Capital Partners (ECP) has been halted by the Federal Energy Regulatory Commission (FERC) over competition concerns.
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Chevron New Energies is set to develop a 5MW hydrogen production and solar project on its existing oil field in California's Central Valley.
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Tri-State Generation and Transmission Association has received a key state-level regulatory approval from the Colorado Public Utilities Commission (CPUC) on the $75 million sale of its transmission facilities, contracts, and assets to United Power, PFR has learned.
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The Bureau of Ocean Energy Management (BOEM) has released the final environmental review of the 2.6GW New England Wind project off Massachusetts. The project is owned by Park City Wind, a subsidiary of Avangrid, and is expected to power over 900,000 homes.
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The Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan (COP) of 800MW Empire Wind 1, an offshore wind farm owned by Equinor in the New York Bight region. The BOEM's decision was the final step before the project could commence construction.
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Electricity and power generation company Vistra has received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor. It is the final approval needed in a $6.3 billion merger that will rebrand Vistra as renewables mega firm Vistra Vision.
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Law firm Skadden has rehired the former commissioner, chairman and general counsel of the Federal Energy Regulatory Commission (FERC).
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To bolster California's offshore wind industry state legislators proposed a $1 billion bond act to help pay for the expansion of ports.
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H2 Energy Group has partnered with the Redding Rancheria Tribe reservation to develop a green hydrogen production facility.
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Energetic Capital has hired Steven Varady as senior vice president in the company's tax and transactional practice, PFR has learned.
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Law firm Akerman has announced the formation of 3 energy and infrastructure sub-practices.
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Clean energy tax credit transfer platform Crux has closed a $18.2 million series A funding led by venture capital firm Andreessen Horowitz.
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Dominion Energy has secured final approval from the Bureau of Ocean Energy Management (BOEM) for the construction and operations of its 2.6GW Coastal Virginia Offshore Wind (CVOW) project.
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The US Treasury Department has released additional guidance on tax credits for electric vehicles (EVs) and associated charging technology, including alternative refueling stations.
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Crowell & Moring has hired Ruta Kalvaitis Skučas as partner in the law firm's environment, energy, and natural resources practice group.
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Octopus Energy company Sky Renewables is set to purchase the Ohio-sited 80MW Nestlewood and Pennsylvania-sited 16MW Gaucho solar projects from Vesper Energy, PFR has learned.
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GE-owned power plant EFS Parlin has closed on the sale of all of its interconnection rights and started the decommissioning process of its 123.5MW natural gas facility following bankruptcy.
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Vistra Corporation is offloading its Richland and Stryker facilities to Rockland Capital in an effort to complete its pending $6.3 billion merger with Energy Harbor, creating renewables mega firm Vistra Vision.
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The Bureau of Ocean Energy Management (BOEM) has drafted the environmental review of future development on the six lease areas awarded in the New York Bight tender in 2022.
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The government of Mexico will order state-owned oil firm Pemex to take over a hydrogen plant at its Tula refinery currently operated by French gas company Air Liquide.
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The US Treasury Department has released the proposed green hydrogen tax credit guidelines, 45V, to be available for public comment for the next 60 days. The Biden-Harris administration hopes the credits will provide over $140 billion in revenue by 2030
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The US Treasury has revealed the guidelines on the 45X advanced manufacturing tax credit to incentivize the creation and use of a domestic renewables supply chain.
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The Bureau of Ocean Energy Management (BOEM) has proposed a Central Atlantic offshore wind lease sale for over 277,000 acres in the waters off of Delaware, Maryland, and Virginia. The sale is expected to take place in 2024.
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Canadian province Newfoundland and Labrador (NL) has signed a memorandum of understanding (MoU) with the federal government to become a lead regulator on offshore wind projects in 16 inland bays in the province.
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Michigan Governor Gretchen Whitmer has signed the state’s MI Healthy Climate Plan into law following its passage in early November by the House legislature.
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Texas lawmakers via a two-thirds margin voted in a controversial constitutional amendment that authorizes a $10 billion Texas Energy Fund aimed at providing low-interest loans to build gas-fired power plants, develop microgrids and modernize portions of the state’s electric grid.
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The New York Independent System Operator (NYISO) has halted the May 2025 retirement of four peaker plants to keep New York City’s grid reliable.
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The Bureau of Ocean Energy Management (BOEM) has approved the 816GW Empire Wind 1 offshore wind project, owned by Equinor and BP. Empire Wind marks the sixth offshore wind project approved by the Biden-Harris administration in its goal to reach 30GW of offshore generation by 2030.
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Among the many hurdles the offshore wind sector is facing, the lack of guidelines for tax credits guidelines remains one of the most convoluted.
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International law practice Milbank has selected Jenna McGrath as a partner for the firm’s Project, Energy and Infrastructure Finance Group in the Washington, D.C. office.
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The Bureau of Ocean Energy Management (BOEM) has finalized four Wind Energy Areas (WEAs) with the potential to supply 3GW of energy for another Gulf of Mexico lease sale.
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The Bureau of Ocean Energy Management (BOEM) has approved Dominion Energy's 2.6GW Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind project in the US. Construction will begin in Spring 2024 and is expected to take around 3 years, bringing CVOW online in late 2026.
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Nonprofit consumer advocacy organization Public Citizen has called on the Federal Trade Commission (FTC) to investigate whether Blackstone Infrastructure Partner’s (Blackstone) recently approved acquisition of a 19.9% equity stake in Northern Indiana Public Service Company (NIPSCO) vehicle, NIPSCO Holdings II, is legally sound.
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Green hydrogen development took a giant stride towards bankability as the Department of Energy selected 7 green hydrogen hub winners across 16 states, handing out $7 billion from the Bipartisan Infrastructure Law.
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New York Governor Kathy Hochul has vetoed an Equinor and BP-endorsed bill to build underground transmission lines from its offshore wind projects into the city of Long Beach. Hochul's rejection of the Planned Offshore Wind Transmission Act strikes another blow to the industry a week after the state government shot down a financial relief bill for offshore wind developers.
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The Department of Energy (DOE) has awarded $3.46 billion for 38 grid-reliability projects, which will modernize and stabilize the grid, especially from extreme weather events.
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Invenergy's $7 billion transmission project, the Grain Belt Express, has received approval from the Missouri Public Service Commission (MPSC), the last step in securing state approval for project enhancements.
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New York State Public Service Commission (PSC) has unanimously rejected a request from a group of offshore wind developers to provide financial relief for four projects on the New York coast and 86 onshore projects. The relief would have come from increasing prices for customers, totaling $12 billion.
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