Project Finance

The lead arrangers on the almost $2.4 billion construction debt package for the 800 MW Vineyard Wind project off the coast of Massachusetts have begun sounding out lenders to participate in syndication.

Czech solar developer Solek has secured environmental approval for a 9 MW solar asset in Chile.

Ares Management Corp has kicked off the refinancing of Panda Power's 778 MW combined-cycle, gas-fired Stonewall plant in Virginia, which it is in the process of acquiring.

The solar ABS sector is set to hit a new record for issuance volumes in 2021 with the addition of Sunrun and Solar Mosaic’s transactions, as a wider pool of institutional investors join the market, encouraged by more frequent ratings from the three major credit rating agencies.

Recurrent Energy and Axium Infrastructure have closed construction financing for a 1.4 GWh battery storage project in California.

French developer Cap Vert Energie (CVE) has secured a project finance loan from Natixis for a portfolio of small-scale solar projects in Chile.

A club of nine international and US banks has reached financial close on a $2.3 billion senior debt package to fund the construction of the 800 MW Vineyard Wind project off the coast of Massachusetts.

Siemens Energy has partnered with German sports car maker Porsche and a host of international energy companies to develop Chile's first industrial-scale green hydrogen plant.

Spanish independent power producer Opdenergy has brought online its first wind farm in Chile, totaling 50 MW.

Brazilian development bank BNDES has suspended loan repayments for hydro power plants that each have a capacity of more than 50 MW, as the country faces a devastating drought.