Project Finance

Engie Energía Chile has received the greenlight to proceed with a $645 million wind and storage project in Chile.

Ørsted has begun operations on its 13th US wind farm, Sunflower Wind, which is a 200MW wind project located in Marion County, Kansas. The Danish energy giant now operates 832MW of wind energy in the Southwest Power Pool.

Spain’s Uriel Renovables is planning a 100MW asset to be constructed in the region of Valparaíso in Chile.

bp has begun construction on its 187MW Peacock Solar project near Corpus Christi, Texas, which is expected to begin operations by the fall of 2024.

CleanCapital has completed its 8.5MW solar project in Houston, Alaska, which is the largest solar project to become operational in the state. The project was developed and constructed by Renewable IPP (RIPP), while CleanCapital funded and now owns the site.

Renewables developer Casa dos Ventos has received financing for a pair of wind farms the company operates in Brazil.

Fervo Energy, a geothermal technology company, has begun construction on its Utah-based Cape Station exploration project. The geothermal energy project is set to deliver 400MW of green electricity beginning in 2026 and reaching full scale in 2028.

Renewable natural gas producer OPAL Fuels and South Jersey Industries (SJI), an infrastructure holding company, have entered a 50/50 joint venture (JV) to develop, own, construct, and operate RNG facilities.

Sustainable aviation fuel (SAF) is still years away from bankability, according to speakers at REFF Wall Street 2023.

Supply chain disruptions continue to impact projects across the spectrum of renewable technologies in the US and a domestic solution is not readily available despite efforts put in place like the Inflation Reduction Act (IRA).