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Enel Brasil is planning to invest R$18 billion ($3.5 billion) for the period 2024-2026 in order to better its services in the country.
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The US Department of Transportation has awarded $148 million in grants to 16 EV and renewable natural gas (RNG) projects to help reduce air pollution at ports across the US and Puerto Rico.
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YPF Energía Eléctrica (YPF Luz) is planning to develop the company’s fifth wind project in Argentina.
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Santiago-based Plus Energia SpA is planning to develop a $350 million battery energy storage system project in Chile.
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Agilitas Energy has closed $100 million in debt financing from Nomura to grow its 250MW portfolio of solar and energy projects in the northeast US.
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The Department of Energy (DOE) selected LS Power's Southwest Intertie Project-North (SWIP-North) as a fourth conditional project for the first round of its Transmission Facilitation Program.
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Solar developer Usinas Brasil Solar (BRS) and investment firm Grupo 4M are partnering on a portfolio of distributed solar assets.
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Naturgy’s subsidiary Global Power Generation (GPG) is planning a solar project in the region of Atacama in Chile.
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Renewable developer Hecate Energy has secured a siting agreement and conditional use permit for its 150MW solar project from Cumberland County, Virginia.
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State-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has awarded 5 solar projects in Costa Rica.
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Renewables infrastructure firm True Green Capital Management has partnered with Qcells to install up to 450MW of solar projects across the US.
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Norwegian energy company Statkraft has received approval to move ahead and start construction of its Parina solar project in Chile.
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The New York State Energy Research and Development Authority (NYSERDA) plans to deploy $500 million in investment commitments to establish an offshore wind supply chain in New York State.
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Brazil's state-owned oil and gas giant Petrobras is adding solar projects to 3 of the company’s refineries.
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The Department of Energy (DOE) has awarded $1.93 billion in qualifying advanced energy project tax credit allocations – known as 48C tax credits – to 35 projects focused on renewable manufacturing and greenhouse gas emission reduction.
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Avalon International has agreed to build carbon capture facilities at green hydrogen company Big Hill Materials' planned US production sites.
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Brazilian conglomerate Brasal is issuing R$170 million ($33 million) in debentures for a hydroelectric project in Brazil.
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Avalon International has agreed to build carbon capture facilities at green hydrogen company Big Hill Materials' planned US production sites.
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US-based firm Bernhard has entered a 30-year energy-as-a-service (EaaS) partnership with Hackensack Meridian Health (HMH), resulting in a $134 million solar energy and battery storage system.
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H2 GreenMining is partnering with Ohmium International on the development of green hydrogen to decarbonise the mining sector in Chile.
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Clearway Energy Group has closed a $174 million project financing and finalised a power purchase agreement (PPA) for its Dan's Mountain wind farm in Western Maryland.
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New England states have jointly-submitted applications to compete in the second round of the Department of Energy (DOE)’s Grid Innovation Program (GIP) which has $1.82 billion to award.
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Calibrant Energy has partnered with Ava Community Energy to deploy 75 public EV charging stations across 6 cities in Northern California.
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Italian sponsor Limes Renewable Energy is adding to its development pipeline in Chile with a solar-plus-storage project.
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Spanish developer Ecoener secured green financing for a solar project the company is developing in Guatemala.
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Atlas SP Partners has backed Energy-as-a-Service company Redaptive with a $225 million warehouse financing facility.
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Infinigen Renewables is partnering with FlexGen on a battery storage project in the Yabucoa municipality in Puerto Rico.
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Peru’s ProInversión has prequalified 5 bidders in an upcoming auction that will see the agency award 3 transmission projects.
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Octopus Energy has signed an agreement with Brazilian utility Grupo Energisa to support renewable generation development in the country.
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IDB Invest and the US International Development Finance Corporation (DFC) are partnering to finance projects across renewables and infrastructure sectors in Latin America.
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Brazilian power generator Eneva will issue R$2.5 billion ($475 million) in debentures to refinance assets.
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Origis Energy has closed a $136 million construction financing facility and a conversion-to-term loan from MUFG for its 75MW Rice Creek Solar project in Florida.
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SolaREIT has closed $13 million in real estate financings for several NineDot Energy battery energy storage (BESS) projects in New York City.
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Santiago-based renewable developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.
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US-based Recurrent Energy has secured R$343 million ($70 million) in non-recourse project financing for a solar project in Brazil.
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Commercial solar and clean energy development platform Sunrock Distributed Generation (DG) has entered a tax equity partnership with US student and consumer loan financier Nelnet.
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Engie Chile, a subsidiary of the French electric utility Engie, will install a standalone battery energy storage system (BESS) to replace the disconnected coal-fired and fuel oil-based units at the Tocopilla thermal power plant complex (CTT) in Antofagasta.
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Renewable energy infrastructure investor Excelsior Energy Capital has signed a long-term agreement with solar manufacturer Heliene to acquire 2GW of PV modules.
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The US offshore wind sector continues to gain momentum with the latest round of regulatory approvals as financiers begin to prep the paperwork to fund these mega projects.
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Peru’s Ministry of Energy and Mines (MINEM) is readying 26 renewable energy projects to be built in the coming years.
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Denmark's Investment Fund for Developing Countries (IFU) is providing an additional €7 million ($7.6m) to the 94MW Ouro Branco and Quatro Ventos wind complex in Brazil, due to an expansion of the project and unexpected delays.
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The state of Ceará has signed a pre-contract with Voltalia do Brasil, a subsidiary of the French renewable power producer Voltalia, to implement a project to produce green hydrogen and ammonia at the state's Pecém industrial and port complex.
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Arevon Energy has closed a $352 million credit facility with a consortium of banks led by the Canadian Imperial Bank of Commerce (CIBC) for its 228MW Posey Solar Project in Indiana.
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Brazil's Superintendency for the Development of the Northeast (Sudene) has approved a R$26.6 million ($5.3m) loan for the 212MWp Milagres solar project, developed by Lightsource BP.
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ExxonMobil and FuelCell Energy will extend their carbon capture research joint development agreement (JDA), PFR has learned.
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Lader Energy's Puertos de Santander solar park has obtained an environmental permit from Colombia's national authority of environmental licences (ANLA).
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Eco Wave Power, a Stockholm, Sweden-based onshore wave energy technology company, has secured Shell as a co-investor for its Port of Los Angeles pilot wave energy project.
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Utility-scale energy storage developer esVolta has secured a $185 million senior secured credit facility from a consortium of banks led by Nomura Securities International.
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The Department of Energy (DOE), the US Treasury Department, and the IRS have awarded $4 billion in tax credits to 100 projects across clean manufacturing, critical materials, and industrial decarbonisation.
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Alternus Clean Energy, a utility-scale independent power producer, has entered a joint venture partnership with Acadia Energy to develop 200MW of microgrid projects in New York State.
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The Department of Energy (DOE), Treasury Department, and IRS have jointly awarded an $18.3 million transferable tax credit to electrolyser producer Electric Hydrogen (EH2) for its manufacturing plant in Devens, Massachusetts.
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Carlyle-backed Copia Power has closed a $300 million corporate credit facility to support its 15GW solar and storage pipeline.
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Spanish infrastructure builder and operator Elecnor won approval to build a 284MW wind farm and associated infrastructure in the Chilean region of Los Lagos.
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Chinese multinational State Grid (SGCC) plans to invest R$200 billion ($39.4bn) in the Brazilian electricity sector following its victory in Brazil's largest power transmission auction.
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Granite Shore Power has announced the retirement of its 439MW Merrimack coal plant in 2028, marking the end of the last operating coal plant in New England.
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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.
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The Bureau of Ocean Energy Management (BOEM) has given a Record of Decision (ROD) to Avangrid for its New England Wind lease area, the penultimate permit approval needed to construct its 2.6GW offshore wind projects.
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French renewables company GreenYellow has secured financing of 172 billion pesos ($44.7m) with Banco de Bogotá for its 85MWp solar power generation portfolio in Colombia.
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Carbon removal credit platform Deep Sky and hybrid direct air capture (HDAC) company Avnos have partnered to incorporate their technologies at Deep Sky's lab in Canada.
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Mitsubishi Power Americas-owned battery business Prevalon Energy has agreed to develop a 328MWh battery energy storage system (BESS) signed to a long-term service agreement with Idaho Power.
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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.
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Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the first transmission auction of the year.
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Brazilian developer 2W Ecobank has secured long-term financing for the second phase of its Kairós wind complex located in the state of Ceará.
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Vision RNG is to develop, build, own, and operate 3 landfill gas (LFG) to renewable natural gas (RNG) facilities at privately-owned landfills located in Alabama and Tennessee.
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Ørsted, Avangrid, and Vineyard Offshore among bidders of the 6GW to Massachusetts, Connecticut, and Rhode Island for the states' combined New England auction.
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The Department of Energy's (DOE) Loan Programs Office (LPO) has awarded energy equipment supplier Holtec $1.52 billion to restore its 800MW Palisades nuclear-generating station in Michigan.
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Neoenergia has signed a memorandum of understanding (MoU) with the government of Rio de Janeiro to support the development of offshore wind projects.
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The Bureau of Ocean Energy Management (BOEM) has approved Ørsted's 924MW Sunrise Wind project off the coast of New York, making it the seventh utility-scale offshore wind project approved under the Biden-Harris administration.
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Walmart has made a tax equity investment in a Pivot Energy community solar project portfolio, reaching its goal of supporting 1GW of renewable capacity across the US.
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The National Energy Commission (CNE) has granted a permanent concession to Empresa Generadora de Electricidad Haina for a solar project in the Dominican Republic.
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Elawan Energy landed financing from the Northeast Development Fund (FDNE) for a wind project the company is developing in Brazil.
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Renewable developer EBCO Energia is planning to develop a $160 million project in Chile.
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The Department of Energy (DOE) has awarded $6 billion to 33 projects that aim to decarbonise some of the largest industrial sectors and communities in the US.
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The European Investment Bank (EIB) has signed a $125 million loan to support transmission development in Ecuador.
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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.
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The Department of Energy (DOE) has awarded $475 million in funding for 5 projects that feature renewable development on former mining lands. The projects are located across Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia.
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Doral Renewables has closed a $144 million project financing with HSBC for its Great Bend Solar project in Meigs County, Ohio.
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Invenergy has closed $1.27 billion in construction financing with Natixis Corporate & Investment Banking (CIB) on 4 renewables projects in Kansas and Texas, totalling 677MW.
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Green hydrogen promises to be a game changer in global energy transition with the possibility it presents in decarbonising industries. Latin America has positioned itself as a frontrunner in the emerging space with mega projects being lined up by developers across the continent.
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Spanish developer Solarpack has landed a $176.6 million senior financing package for the company’s San Martín solar plant in Peru.
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Chilean developer Viento Verde is planning to expand an existing wind project that was approved in 2015.
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The Lancaster, California city planning commission has approved Element Resources' renewable hydrogen and solar facility, taking the next step in the partnership after signing a Memorandum of Understanding (MoU) with the developer in 2023.
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State-owned oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Mistui & Co to explore low-carbon solutions in Brazil.
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EverWind Fuels has signed a green hydrogen memorandum of understanding (MoU) with Nova Scotia-based energy distribution company Eastward Energy.
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The Bureau of Ocean Energy Management (BOEM) has proposed a second offshore wind lease sale for the Gulf of Mexico. The sale includes 4 sites off Louisiana and Texas which have the potential to power up to 1.2 million homes.
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IDB Invest has issued 2 sustainable bonds in local currency to support renewable energy and infrastructure projects in Latin America.
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The US Department of Energy's Loan Programs Office (LPO) and UK Export Finance (UKEF) have signed a memorandum of understanding (MoU) for cooperation on joint financing for energy and green infrastructure projects.
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Santiago-based renewable developer Biwo Renovables is planning a standalone battery energy storage system (BESS) project in Chile.
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Fiera Infrastructure Private Debt has joined Nomura Securities in a $200 million financing for Spanish developer Greenalia's 3GW wind and solar project pipeline in the US.
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Sunrise Mountain Partners and CleanCapital, a C&I and distributed generation (DG) solar owner and operator, have extended their co-development partnership.
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Babcock & Wilcox's (B&W) thermal subsidiary has signed a $246 million agreement to complete a 1GW coal-to-natural gas conversion project.
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The energy transition encompasses an array of technologies that will need to be developed and scaled. This includes carbon capture and sequestration (CCS), green hydrogen and its derivatives, SAF, and more. Getting projects to bankability in Latin America has been a challenge however as offtake demand is just to appear at a scale for developers to land the the capital needed to deploy their technologies, according to panelists at IJLatam 2024 in Miami.
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ExxonMobil and FuelCell Energy are renegotiating their carbon capture joint development agreement (JDA) as it nears termination, PFR has learned.
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Schneider Electric plans to invest $140 million into 2 Tennessee-based power distribution technologies manufacturing plants.
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The Bureau of Ocean Energy Management (BOEM) has finalised a Wind Energy Area (WEA) in the Gulf of Maine, which has a potential 32GW capacity.
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French energy company Engie has received the approval to move ahead and start construction of its Pemuco wind project in Chile.
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Power producer SCC Power has completed the expansion and conversion to combined cycle of the San Pedro power plant in Buenos Aires province.
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Sempra Infrastructure has reached a final investment decision (FID) for the $550 million Cimarron wind project the company is developing in Baja California, Mexico.
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Ørsted's 132MW South Fork Wind is the first utility-scale offshore wind project to become fully operational in the US. The achievement comes after nearly a decade of industry struggles since the first large-scale transmission farm, Cape Wind, failed in 2015.
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The Department of Energy's (DOE) Loan Programs Office (LPO) has signed a conditional loan of $72.8 million with the Tribal lands of the Viejas Band of the Kumeyaay Indians to develop a solar-plus-storage energy microgrid in Alpine, California.
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The Department of Energy (DOE) has awarded $750 million for 52 green hydrogen projects across manufacturing, electrolysis technology, recycling, and more. Together, the projects are expected to produce 24GW of hydrogen in different forms.
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Inter-American Development Bank's (IDB) has made a $400 million dollar loan for the development of the green hydrogen and derivative projects in Chile.
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Eletrobras and engineering and industrial manufacturing group Paul Wurth have signed a memorandum of understanding (MoU) to develop green hydrogen in Brazil.
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CarbonCapture, a direct air capture (DAC) company, has secured $80 million in Series A financing, led by Prime Movers Lab, an investor in scientific-based startups.
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Financing greenfield projects across Latin America had been tough over the past few years as inflation and high interest rates continued challenge the region’s renewable energy sector.
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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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Longroad Energy has closed a debt facility with a consortium of banks led by CIBC and a tax equity loan from Athene Annuity and Life Insurance Company for its 444MW/855MWh Serrano solar project in Arizona. PFR understands the value of the financing to be $650 million.
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Delays on the development and licensing of transmission projects across Latin America is driving away investor interest, panelists at IJLatam 2024 in Miami said.
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The Dominican Republic municipal organisation Grupo Puntacana and Caribbean-based developer Eurelius have signed an agreement to develop a large-scale solar project in Punta Cana, which will provide power for at least 50% of the city.
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Utility-scale solar and storage developer Primergy Solar has closed $588 million in debt financing from a consortium of banks for its 408MW/300WWh Ash Creek Solar and storage project in Hill County, Texas.
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Solar developer Sol Systems has secured $250 million in project financing for its 300MW Eldorado Project from a consortium of banks led by Silicon Valley Bank.
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Already one of the cleanest energy mixes in the world, Latin American policy makers continue to push for ambitious net-zero targets. Renewables already generate 60% of the region’s electricity, twice the global average, with no shortage of sponsors looking to take advantage of some of the globe’s best renewables resources.
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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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Battery developer GridStor has closed a tax credit transfer sale with JP Morgan for its 60MW/160MWh Goleta Project, which consists of 44 battery energy storage systems in Santa Barbara, California.
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Renewables developer Genneia is planning to issue green bonds for a duo of solar and wind projects in Argentina.
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Peruvian investment promotion agency ProInversión has called a tender for 3 transmission projects valued at a total of $100.8 million.
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Canadian power company TransAlta has signed 10-year tax credit transfer agreements for 2 Oklahoma-based wind projects totalling 500MW.
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Altius Renewable Royalties’ (ARR) jointly-owned subsidiary, Great Bay Renewables has entered into a $30 million royalty investment with Apex Clean Energy.
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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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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.
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Engie North America has signed 3 tax equity financing agreements totalling $1 billion with JP Morgan, Goldman Sachs, and BNP Paribas. The financing covers 6 renewable energy projects, including 950MW of solar and 353MW of wind.
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The largest clean energy infrastructure project in US history was closed just before we started the new year. Pattern Energy inked $11 billion in financing for its 500+ mile transmission line connecting more than 3.5GW of stranded wind resources – SunZia.
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Renewables developer Helexia – a subsidiary of France’s Voltalia – is closing a short-term financing for 27 distributed generation solar plants in Brazil on Thursday (29 February 2024).
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Renewables developer Recurrent Energy has closed a $51 million non-recourse financing for a solar project the company owns in Mexico.
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The Department of Energy (DOE) has conditionally awarded $366 million to 17 projects that aim to improve the transmission and electrical distribution of power in rural and remote areas across the US.
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Chilean sponsor MAE Energy is planning to develop a $2.5 billion green hydrogen and ammonia production plant in Chile.
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TPG-backed Matrix Renewables has inked $283 million in project financing and production tax credit (PTC) transfers for its 200MW solar project in Idaho.
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Residential solar company SunPower has secured over $300 million in project financing commitments from Apollo, Atlas SP Partners, and Hannon Armstrong Sustainable Infrastructure Capital (HASI).
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Lightsource BP has secured $348 million in project financing for 2 Texas solar projects from a consortium of banks.
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Arevon Energy has secured more than $1 billion in financing commitments for its Eland 2 solar-plus-storage project in Kern County, California.
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The power generation arm of YPF, YPF Luz, is planning to issue up to $60 million in bonds in Argentina.
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Strata Clean Energy has secured $559 million for its 255MW/1,020MWh Scatter Wash energy storage project in Arizona.
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PLT Energy US, a subsidiary of Italian renewable and energy storage group PLT Energia (PLT), has entered into a joint venture (JV) with Glacier Global Partners’ subsidiary GGS Energy.
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Renewable developer Verano Energy is planning to develop a 140MW solar project in Chile.
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Schneider Electric has committed to invest around $80 million in a portfolio of 4 Texas-based clean energy projects through a tax credit transfer agreement with Engie North America.
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Radial Power has inked $225 million in its first debt financing from Atlas SP Partners to grow its distributed generation, commercial & industrial, and community solar project pipeline.
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When the tax equity market was transformed in 2023 with transferability, it was not only the tax equity market and energy players that were excited about the new credit capabilities. The guidelines released in June 2023 opened the market to any other investors with tax appetites, and tax transfer platforms hope to streamline the process for new investors.
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Against challenging clean energy targets the US offshore wind energy continues to forge ahead. Since the start of the Biden-Harris administration, the Department of the Interior has approved the nation's first 6 commercial-scale offshore wind energy projects.
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Brazil’s National Electric Energy Agency (Aneel) is preparing its second transmission auction to be held this year (2024).
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A subsidiary of the Spain-based renewables developer Greenalia has closed $200 million in 3-year credit facilities to support its US solar and wind project pipeline.
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US startup Sage Geosystems has raised $17 million in its Series A round, which will fund the construction of a 3MW commercial geopressured geothermal system (GGS) facility in Texas.
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Renewables developer Verano Energy is planning to develop a $380 million solar project in Chile.
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Brazilian developer Faro Energy has raised R$320 million ($64.4 million) in bonds for distributed solar generation projects in Brazil.
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Plus Power has closed $98 million in tax equity investment from Greenprint Capital Management for its 200MW/400MWh Ebony Energy Storage facility in Comal County, Texas.
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MPC Energy Solutions (MPCES) is set to reach financial close (FC) on a solar project the firm is developing in Guatemala in early March.
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The US Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) will deploy an additional $100 million to aid industrial carbon dioxide removal.
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The Bureau of Ocean Energy Management (BOEM) has designated 2 final Wind Energy Areas (WEAs) offshore Oregon as it moves closer to a lease sale.
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The Department of Energy (DOE) has picked 3 projects that will receive up to $60 million to demonstrate the scalability of enhanced geothermal systems.
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ISA CTEEP has committed to invest a total of R$5 billion ($1 billion) in Brazilian transmission by 2029.
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Diversified clean energy company, CleanCapital, and investment-grade battery energy storage systems developer, Available Power, have entered a joint venture to build a pipeline of US-based distributed energy storage projects.
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Verde Clean Fuels and a Diamondback Energy subsidiary have signed a joint development agreement for a facility to produce commodity-grade gasoline using natural gas feedstock supplied from Diamondback’s operations in the Permian Basin.
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Italy’s Enel Green Power has started commercial operations of its La Loma solar project in Colombia.
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Arevon Energy, the renewable energy developer, owner, and operator, has reached financial close for the 200MW/800MWh Condor Energy Storage Project.
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Spanish developer Solarig is planning a $45 million solar-plus-storage asset in the region of Valparaíso, Chile.
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Sandow Lakes Energy Company is preparing to construct a 1.2GW natural gas-fueled power plant in Texas.
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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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Foss & Company has penned a $118.5 million tax equity investment in the Longbow BESS project, a battery energy storage system (BESS) located in Brazoria County, TX.
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Exus Management Partners and Glencore are teaming up to develop renewable projects through their joint venture GenuX in Mexico and Colombia.
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IDB Invest will provide UK-based Atome Energy with a $125 million loan to develop a green hydrogen project in Villeta, Paraguay.
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Toyota Boshoku America (TBA) has signed a 12-year renewable energy certificate (REC) agreement with Clearway Energy Group for part of its 452MW Texas Nova solar farm.
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Sumitomo Corporation of America has partnered with renewable fuels technology company Strategic Biofuels to develop a sustainable aviation fuel (SAF) facility in Louisiana. Sumitomo is set to pool together a consortium of banks and lead the financing of the project in the near future.
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Spanish construction group Grupo ACS, through its subsidiary Dragados, has landed financing for 3 transmission lines in Peru.
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Jamaica Public Service Company (JPS) has landed a $100 million financing package from development finance institution IDB Invest.
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The Department of Energy (DOE) has opened a request for proposals (RFP) for the second round of its utility-scale transmission upgrade program, with $1.2 billion available to fund projects.
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Renewable energy technology company Heliogen has entered the renewables market in Mexico with the development of a concentrating solar power (CSP) project to be sited in Sonora.
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Canadian Solar subsidiary Recurrent Energy has closed a $160 million project financing for its 127MW Bayou Galion Solar Project in Louisianna.
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Pivot Energy and Radiance Solar are teaming up on a portfolio of 5 community solar projects in Illinois, with a combined capacity of 19MW.
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Towards the end of 2023 SoftBank and Ares Management-backed SB Energy Global stole a march on renewable developers across the US when it secured $2.4 billion in financing for solar projects that became the first to qualify for the federal domestic content tax credit bonus.
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The US’ traditional renewables sectors – wind, solar (and now even battery storage) – continue to be a mainstay, but the universe of investable renewables opportunities is expanding.
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The tax equity marketplace was forever changed in 2023 due to the emergence of transferability tax credit deals.
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Battery-focused renewable energy company Spearmint Energy has closed a $47.5 million project finance term loan from global financial services provider Manulife.
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Santiago-based renewables developer Eactiva is planning to develop a pair of solar-plus-storage projects in Chile.
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Peru’s investment promotion agency ProInversión is launching a tender for 4 transmission P3 projects, totalling $137 million in investments.
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Brazilian energy and sugar company Raizen has signed a memorandum of understanding (MoU) with e-mobility company BYD.
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Sempra Infrastructure has signed a memorandum of understanding (MoU) with the Japan Bank for International Cooperation (JBIC) that will see the pair develop energy transition projects.
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Serena - formerly Omega Energia - has received financing from Sudene’s Northeast Development Fund (FDNE) for its Assuruá 5 wind project in Brazil.
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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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Nuveen has teamed up with Aiga Capital Partners on its $200 million term loan to battery energy storage system (BESS) developer Spearmint Energy.
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Energía de Colombia SAS ESP has requested a loan from IDB Invest for a transmission project the company is refinancing in Colombia.
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Chilean utility Colbún has secured approval to move ahead and start construction of its Celda Solar project in the region of Arica y Parinacota, Chile.
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Avangrid is readying its first renewable energy project in Oklahoma, the 147.5MW Pontotoc Wind project.
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Vesper Energy has closed $590 million in financing for its 600MW Hornet Solar project.
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Chile’s National Electric Coordinator (CEN) has released its 2024 plan to expand the transmission system in the country.
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Chilean developer Celtic Solar Group is planning to develop a second solar project in the region of Antofagasta for Greek metals and energy company Mytilineos.
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Canadian independent power producer Innergex Renewable Energy, along with its community partners, has won 2 wind projects totaling 400MW in Hydro-Québec's request for proposals (RFP).
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The New York State Energy Research and Development Authority (NYSERDA) has closed its solicitation process for its fourth offshore wind auction. Several companies have announced their proposals, including Equinor, RWE, National Grid, and Ørsted.
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Renewables developer Swift Current Energy has upsized its $225 million revolving credit facility to $312.5 million to fund its US project pipeline.
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Potengi Holdings, a joint venture between AES Brasil and food processing company BRF, is planning to issue bonds for wind projects in Brazil.
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Tax equity investor Foss & Company has completed its second tranche of its tax equity partnership with community solar developer Nautilus Solar, adding a $72 million investment to a portfolio of solar projects.
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German energy giant RWE is planning to develop a 257MW solar project in Chile.
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Consortiums led by Invenergy and TotalEnergies were awarded offshore wind projects with conditional contracts of 3.74GW capacity as the New Jersey Board of Public Utilities (NJBPU) closes its third-round tender.
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Plug Power has started operations at the largest liquid green hydrogen plant in the US in Georgia after 18 months of construction.
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Chile’s national oil company ENAP has signed a memorandum of understanding (MoU) with TEG Chile for the development of green hydrogen in Chile.
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Actis-backed power generation company Valia Energía has issued $530 million in project bonds in Mexico.
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Renewables company Origis Energy has closed a $317 million tax equity project financing with JP Morgan for 2 utility-scale solar-plus-storage projects.
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Chilean utility Colbún is planning to add a 360MW wind project to its development pipeline in Chile.
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MPC Caribbean Clean Energy Fund has reached financial close on the Monte Plata solar project the fund owns in the Dominican Republic.
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Solar company Verano Energy has submitted an environmental impact assessment (EIA) for a hydrogen and green ammonia project in the Arequipa region in southern Peru.
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EnfraGen’s Chilean subsidiary Prime Energía is planning a solar-plus-storage project in the region of Valparaíso, Chile.
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Azure Sustainable Fuels is set to develop Sustainable Aviation Fuel (SAF) production facilities in British Columbia, Ontario, and Manitoba, Canada, after receiving funding from several Canadian investment institutions.
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The Bureau of Land Management (BLM) has announced its plan for solar projects across the western US through an updated roadmap as part of its solar development plan for the region.
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Capital Power Corporation and Ontario Power Generation (OPG) have joined forces to assess the development of grid-scale, small modular reactors (SMR) in Alberta, Canada.
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The Government of Ceará has signed a memorandum of understanding (MoU) with oil and gas giant BP to support the development of green hydrogen in the state.
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The renewable energy sector in Chile continued to feel market disruptions in 2023 forcing many financial reorganizations and restructurings throughout the year.
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Distributed generation (DG) has grown exponentially in the past few years in Brazil and 2023 saw many players entering at every level of the market, while existing ones consolidated their pipelines.
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Argentine renewables developer Hychico has submitted a wind project for environmental review in Chile.
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New Jersey-based solar company Infiniti Energy has closed a $89.2 million structured financing to develop its commercial and industrial (C&I) project pipeline.
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Casa dos Ventos and ArcelorMittal have landed financing from development bank BNDES for a wind complex they are co-developing in Brazil.
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Aspen Power, a renewable developer backed by Carlyle, has closed $241 million in 3 financing agreements with JP Morgan, Lombard Odier, and MUFG to support its solar energy project pipeline.
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Gas utility Spire and KC Water have moved forward on their partnership to create the first Kansas City, Missouri renewable natural gas (RNG) facility.
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Greek metals and energy company Mytilineos has reached financial close for a 588MW portfolio of assets in Chile.
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Over the course of the last year, there were many surprises for the renewable project finance sector. From the market's quick reaction to the June tax transferability guidelines to the deferred success of offshore wind projects, 2023 brought new financing structures and revealed weak points in the sector.
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Santiago-based developer Andes Solar is planning a 234MW solar-plus-storage project in Chile.
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Hydrogène de France (HDF) and Rubis have requested a loan from IDB Invest for a green hydrogen project the pair is developing in Barbados.
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Battery storage developer Key Capture Energy and impact investment firm Enhanced Capital have closed an investment tax credits (ITC) transfer agreement with a third party.
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Brookfield-backed renewables developer Elera Renováveis is expanding its Janaúba solar complex in Brazil.
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Xcel Energy has commenced construction on its two initial phases of the 460MW Sherco Solar project, with an additional 250MW co-sited solar array is pending permit approval, as it replaces a coal-fired plant in Minnesota.
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Miami-based Atlas Renewable Energy is adding a wind project to its renewable development pipeline in Chile.
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Pan American Energy (PAE) has secured a R$1.1 billion ($224 million) long-term debt package for the company’s Novo Horizonte wind complex in Brazil.
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Spearmint Energy has reached completion and commercial operation of its West Texas 150MW battery energy storage system (BESS) Revolution.
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Hydrogen company Plug Power has completed its electrolyzer system at Amazon's Aurora, Colorado, fulfillment center. A first for the tech company, the 1MW low-carbon hydrogen production system can fuel up to 400 forklift trucks at the site.
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Australian renewable energy generator Pacific Hydro is planning to develop a solar project in Chile.
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Altus Power has closed a $100 million credit facility from Goldman Sachs Asset Management and Canada Pension Plan Investment Board's (CPPIB) subsidiary, CPPIB Credit Investments III.
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India’s Sterlite Power has landed financing from Sudene’s Northeast Development Fund (FDNE) for a transmission project in Brazil.
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Origis Energy has closed a $344 million project financing from MUFG for the developer's 200MW / 200MWh Gold Triangle I solar-plus-storage project in Lowndes County, Mississippi.
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First Solar, a leading solar manufacturer, has completed two Tax Credit Transfer Agreements (TCTAs) to sell $500 and $200 million in Advanced Manufacturing Production tax credits to financial services company Fiserv.
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As we approach the end of 2023 the PFR team would like to wish all our subscribers happy holidays and a happy New Year.
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Eneva has landed more than R$1 billion ($206 million) in financing for a gas-fired power plant the company is developing in Brazil.
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Copia Power, backed by investment firm Carlyle, has closed a $1.2 billion construction-to-term loan for its Harquahala Sun 1 and Harquahala Sun 2 solar-plus-storage projects in Maricopa County, Arizona.
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Spain’s Acciona Energia has landed a loan for the company Cotoperí solar complex in the Dominican Republic.
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Siemens Energy has signed a memorandum of understanding with Santa Clara, California-based fast fission clean power company Oklo to become its preferred supplier as it scales up its advanced fission power plants.
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Renewable developer Auren Energia landed financing from the Northeast Development Fund (FDNE) for a solar project the company is developing in Brazil.
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New Jersey-based utility South Jersey Industries, energy transition investment firm Captona, and renewable natural gas (RNG) developer RNG Energy Solutions have entered into a partnership to create one of the largest anaerobic digestor projects.
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Chilean renewable developer Susterra is planning a green hydrogen project to support the decarbonization of the mining sector in Chile.
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California Resources Corporation and its carbon management business, Carbon TerraVault, have received the first draft of Class VI well permits for underground carbon dioxide (CO2) injection and storage.
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Battery storage IPP On.Energy has inked $40 million in construction and debt facilities with Live Oak Bank for its 80MW ERCOT portfolio.
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Bank of America and clean energy real estate company Radial Power have signed an $80 million tax equity financing agreement for a 96MW portfolio of distributed generation, commercial & industrial, and community solar projects.
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Norwegian energy company Statkraft is expanding its pipeline with two solar-plus-storage projects to be sited by wind complexes the company is building in Brazil.
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Australian mining firm Allkem has secured a long-term financing package of up to $50 million from IDB Invest to develop its greenfield Sal de Vida lithium project located in the province of Catamarca.
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The energy finance team at First Citizens Bank and Jupiter Power have closed $65.2 million in financing for the energy storage developer's 200MW/400MWh battery energy storage system in Houston, Texas.
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Spain’s Grenergy and Germany’s Energy Kitchen are growing their renewable capacity in Chile by adding solar and wind projects to their respective pipelines.
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Advantage Capital and Sabanci Renewables, a subsidiary of Sabanci Holding, have closed a $185 million tax equity financing to fund the developer’s 272MW Cutlass Solar II Project outside of Houston, Texas.
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Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the second transmission auction of the year.
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Greenbacker has closed a $92 million financing agreement with BMO Financial Group to construct its largest standalone BESS project — 120MWh Holtville BESS — and various community solar developments.
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The state of Louisiana has approved its first-ever offshore wind farm agreements for projects in state waters, inking contracts with Vestas and Mitsubishi subsidiaries.
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HIF Global is seeking environmental approval for the Faro del Sur wind project again having previously withdrawn its initial submission.
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Sustainable aviation and carbon emissions-derived fuels production company Dimensional Energy has successfully closed its $20 million Series A funding round.
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Renewables developer Pivot Energy is developing six community solar projects totaling 33MW across Illinois, working alongside fashion company Tapestry, which will purchase the projects’ Impact Renewable Energy Credits (RECs).
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PJM Interconnection awarded Potomac Edison and Mid-Atlantic Interstate Transmission (MAIT) 3 transmission projects, totaling more than $800 million, in Pennsylvania, Maryland, Virginia, and West Virginia.
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PJM has selected the MidAtlantic Resiliency Link project proposal from a NextEra subsidiary to address reliability issues in its western grid sections.
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IDB Invest is preparing an up to $333.5 million debt package to support YPF Luz’s renewable expansion in Argentina.
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Chile’s national oil company ENAP has signed a memorandum of understanding (MoU) with HIF Global for the commercialization of biofuels in Chile.
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Generate Capital and electric and low-emission bus manufacturer Blue Bird Corporation have formed Clean Bus Solutions, a joint venture providing electrification-as-a-service to school bus fleets around the US.
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Brazilian utility Alupar won a transmission project in an auction launched in August by Colombia's Mines and Energy Planning Unit (UPME).
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Transition Industries has signed a joint project development agreement (JPDA) with the IFC to develop a methanol production plant in Mexico.
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Washinton state-based utility Puget Sound Energy (PSE) will construct a 248MW wind farm in Stillwater County, Montana. The project is expected to become operational in 2025.
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Spanish developer Enerfin has landed a R$114 million ($23.2 million) loan from Sudene through its Northeast Development Fund (FDNE) for a solar project.
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Brazilian development bank BNDES has signed an agreement with the New Development Bank (NDB) , formerly the BRICS Development Bank, that will see the pair invest $1.7 billion into the nation's energy transition.
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Brazilian development bank BNDES has agreed to two loans to finance biogas assets located in the state of Sao Paulo in Brazil.
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EV charger manufacturing company DG Matrix has finalized a multi-year partnership with sodium-ion battery producer Natron Energy to accelerate the deployment of charging infrastructure.
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Norwegian energy company Statkraft is planning to develop a hybrid solar and wind project, adding 440MW to its renewable pipeline in Chile.
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Denmark’s Copenhagen Infrastructure Partners (CIP) will invest $10 billion into a green hydrogen project in Mexico.
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Brazilian oil and gas giant Petrobras has signed a preliminary agreement with the state government of Rio de Janeiro for the development of a carbon capture hub.
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Lummus Technology and Toshiba Energy Systems & Solutions Corporation (Toshiba) have entered an agreement to jointly develop carbon capture projects in the US.
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Renewable power producer Qair has received a loan from Sudene’s Northeast Development Fund (FNDE) for two solar projects in Brazil.
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The Inter-American Development Bank (IDB) has launched IDB Clima, a financial initiative to support successful green initiatives across Latin America.
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As we delve into the currents of progress, the US offshore wind sector has found itself somewhat lost at sea. Despite strong tides provided by a collective commitment to combat climate change and favorable tax incentives, many of the multi-billion-dollar projects have stalled or terminated.
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Brazilian development bank BNDES has signed a memorandum of understanding (MoU) with the World Bank to support low-carbon hydrogen initiatives in Brazil.
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Although an issue facing the whole energy sector, transmission and grid connectivity for the offshore wind industry has reached a whole new level of complexity.
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Hyundai Mobis has secured a $490 million term loan facility from Australia and New Zealand Bank Group (ANZ) to fund four EV manufacturing plants in Georgia, establishing its presence in the US EV market.
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SoftBank and Ares Management-backed SB Energy Global has secured $2.4 billion in financing for solar projects that are the first to qualify for the federal tax credit domestic content bonus.
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The Bureau of Land Management (BLM) is set to conduct three oil and gas development lease sales in the states of Wyoming, Mississippi, Nevada, Oklahoma and New Mexico.
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Enel is planning to invest $5.7 billion across its core markets in Latin America for the period 2024-2026.
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Investment manager Kimmeridge Energy Management’s carbon capture-focused vehicle Kimmeridge Carbon Solutions, has teamed up with UK-based decarbonization development business Storegga to advance carbon capture usage and storage (CCUS) projects.
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Infinium's first-of-its-kind efuels project for sustainable aviation fuel (SAF) has received a $75 million equity investment commitment.
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Electrical connector manufacturer Stäubli Electrician Connectors has signed an agreement with SSA Terminals to provide electric vehicle (EV) charging stations for its 33 terminal tractors at the Port of Long Beach, California.
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AES Andes has secured environmental approval to move forward with its project to repurpose a coal-fired facility for energy storage in Chile.
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Atlas Renewable Energy has landed a $448 million (R$2.18 billion) financing from development bank BNDES for a solar complex in Brazil.
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French renewables developer CVE is adding a small-scale solar project to its pipeline in Chile.
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Excelsior Energy Capital has closed a $1.3 billion financing deal for its 682MW Faraday Solar project in Utah, which has a long-term power contract with technology giant Meta through utility PacifiCorp.
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Renewables company Brightcore Energy and clean power business Altus Power have joined forces to develop a 16,000-panel solar project spanning 19 properties.
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Utility-scale solar and storage developer Primergy has closed a $300 million debt financing and tax equity deal for its 100MW Prairie Mist Solar Project in Arkansas.
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German-based energy giant RWE will continue its €55 billion ($60.2 billion) Growing Green initiative – investing in renewable energy, batteries, flexible generation and hydrogen – with an estimated €20 billion ($21.9 billion) to be allocated to future US investments by 2030.
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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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AES Dominicana Renewable Energy (ADRE) has secured a $368 million financial package to for the DBFOM of 3 renewable energy projects and to refinance short-term debts.
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Brazilian development bank BNDES has approved a R$157 million ($32m) loan package to Bioo Holding for the development of a biomethane plant in Triunfo, Rio Grande do Sul state.
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Ameresco is to build a 50MW/200MWh battery energy storage system (BESS) for CAISO utility Silicon Valley Power (SVP) in Santa Clara, California.
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Renewable developer Longroad Energy has secured $600 million in debt financing for its wind, solar, and battery portfolio across the US.
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Spanish company Jepri Group signed a Memorandum of Understanding (MoU) with the Government of Ceará for a €3.3 billion green hydrogen plant in the Brazilian state.
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Offshore wind developer Attentive Energy is preparing two investments to help grow the industry's supply chain and support ocean-based technology startups in New Jersey.
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GE Vernova’s power conversion business and Next Hydrogen Solutions have signed a memorandum of understanding for green hydrogen production.
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GTI International subsidiary Projeo Corporation has been awarded $38 million from the US Department of Energy (DOE) for its Phoenix Project.
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Recurrent Energy has secured a R$490 million ($100 million) financing for a 300MW solar asset the company is developing in Brazil.
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Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the first transmission auction to be held in 2024.
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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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Sumitomo Corporation of Americas (SCOA) has signed a Memorandum of Understanding (MoU) with international trade and development company Invest Alberta to support its energy infrastructure projects in Alberta, Canada.
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Summit Ridge Energy has inked a $275 million financing from MUFG to expand its operations and project pipeline of community solar in Virginia and Illinois. The deal upsizes the existing $100 million partnership between Summit and MUFG.
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Spanish developer Grenergy is planning to invest €2.6 billion ($2.8 billion) until 2026 into renewables, particularly storage, across Latin America, the US and Europe.
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Eversource and Ørsted's jointly owned Revolution Wind, a 704MW offshore wind project located off Rhode Island, has received final Bureau of Ocean Management (BOEM) approval for its construction and operations plan.
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Santiago-based renewable developer Blue Light Energy has started the permitting process for a solar-plus-storage asset in Chile.
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Canada-based green hydrogen developer EverWind Fuels has secured a C$125 million (USD $ 91.2 million) debt facility from Export Development Canada (EDC) to put toward its Tupper Point, Nova Scotia-based green hydrogen and ammonia project.
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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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Chilean renewables developer Eactiva is planning to develop a duo of solar projects, adding 28MW to its development pipeline.
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The Saudi Fund for Development (SFD) has signed a memorandum of understanding (MoU) with the government of Saint Kitts and Nevis for the financing of a power plant on the islands.
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Leeward Renewable Energy (LRE) has closed on $580 million of tax equity commitments and debt facilities for its White Wing Ranch Solar and GSG Wind projects located in Yuma County, Arizona, and LaSalle County, Illinois, respectively.
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LS Power is set to invest up to $400 million into green hydrogen projects developed by Monarch Energy.
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Electric vehicle (EV) services provider Revolv has closed a $25 million project financing with a Greenbacker Capital Management affiliate fund, the first non-recourse project financing in the EV sector. The facility will aid Revolv's deployment of EVs and charging stations to its customers across the US.
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The Department of Energy (DOE) has ringfenced $3.5 billion from the Bipartisan Infrastructure Law to boost domestic production of advanced batteries and battery materials.
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Swiss fund manager SUSI Partners is expanding the company’s partnership with Chilean developer BIWO Renovables adding two projects to their shared portfolio.
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A section of Pattern Energy’s $10 billion Arizona-based SunZia Transmission project has been temporarily suspended by federal land managers following a request from the Tohono O’odham Nation.
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Canadian independent power producer Innergex Renewable Energy has closed a $185 million financing deal for three unlevered hydro assets in Quebec and British Columbia, totaling 107MW.
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The Department of Energy (DOE) has provided $444 million to fund 16 carbon storage and management projects across the US.
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Oceanic Wind Energy has renegotiated its agreements with green power developer Northland Power, taking back its 400MW Hecate Strait offshore wind project in British Columbia.
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Chilean utility Colbún is partnering with UK cleantech firm RheEnergise to develop an energy storage facility.
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Online retail giant Amazon is expanding the company’s renewable energy portfolio with the company's first wind project in South America.
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Energyquil has signed a concession agreement for the installation, operation and maintenance of a gas-fired power plant in Ecuador.
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Siemens Gamesa Renewable Energy has pulled out of its $200 million Portsmouth, Virginia, offshore wind blade manufacturing facility, citing turbulence in the industry.
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Austin, Texas-based developer Cielo Wind has landed approval for a wind project the company is working on in Chile.
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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.
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Argentina’s Secretariat of Energy is seeking expressions of interest to develop energy storage system projects in the country.
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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.
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French energy company Engie is issuing R$2.5 billion ($507 million) in debentures to refinance assets in Brazil.
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The Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporations (NuScale) have terminated their Carbon Free Power Project (CFPP) located at the Idaho National Laboratory.
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FirstEnergy is planning a 5-year, $935 million transmission infrastructure upgrade in New Jersey.
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Renewables developer Arevon has closed a $529 million financing package, including a tax credit transfer agreement, for its Vikings solar-plus-storage project in California.
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New Fortress Energy has secured financing for its 630MW Barcarena power plant in Brazil.
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Brazilian developer Órigo Energia has landed financing for a portfolio of small distributed solar generation assets.
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Mercedes-Benz HPC has closed a partnership with shopping and entertainment real estate company Simon to build a network of EV charging hubs across Simon-owned properties in the US and Canada.
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Brazilian power generator Eneva has received financing for one of its Parnaíba gas-fired power plants located in the state of Maranhão.
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Renewable energy infrastructure company Talus Renewables has raised $22 million in its Series A financing for production of its green ammonia technology.
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Altius Renewable Royalties Corporation (ARR)'s co-owned subsidiary, Great Bay Renewables, has secured a $274 million senior credit financing. ARR owns Great Bay with funds managed by affiliates of Apollo Global Management.
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D.E. Shaw Renewable Investments (DESRI) has begun operations on its 100MW solar energy farm in Imperial County, California.
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Chilean sponsor Blue Light Energy is planning a solar-plus-storage project in the region of Los Lagos, Chile.
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TotalEnergies has brought its 380MW/225MWh Myrtle Solar and battery storage systems project online outside of Houston, Texas. Myrtle Solar is the French company's largest-to-date utility-scale solar-plus-storage project in the US.
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Italy-based energy and telecom cable systems company Prysmian Group has signed a €900 million ($951 million) agreement with Clean Path New York for submarine and land power cable systems.
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Longroad has financially closed and commenced construction on Sun Streams 4, the company’s third project in the Arizona-based Sun Streams complex.
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Despite earlier announcements of large impairments and project cancellations for offshore wind, joint-venture partners Ørsted and Eversource have taken the final investment decision (FID) in their 704MW Revolution Wind, commencing the construction of the utility-scale offshore wind farm.
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The world's largest offshore wind developer, Ørsted, has stopped development of its 2.3GW Ocean Wind 1 and 2 offshore wind farms off New Jersey after announcing impairments of over $5.5 billion.
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Canadian Solar is building a 5 GW solar PV cell production facility sited at Jeffersonville, Indiana’s River Ridge Commerce Center.
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Blackstone portfolio company Aypa Power has finalized a $350 million financing facility and $200 million tax equity financing for its Borden and Cald Projects, a 150MW/300MWh battery energy storage facility (BESS) in Texas and a 100Mw/400MWh BESS in California, respectively.
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Peru’s investment promotion agency ProInversión has awarded a duo of transmission projects totaling $800 million in investments.
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Distributed generation platform Aspen Power has completed construction on 14 solar projects acquired from Georgia’s Inman Solar.
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EDP and ArcelorMittal have signed a memorandum of understanding (MoU) that will see the two cooperate on the development of green hydrogen in Brazil.
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IDB Invest has proposed a $50 million loan to develop a solar energy project in the Dominican Republic.
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Competitive Power Ventures (CPV) has brought online its 1.25GW natural gas fired Three Rivers Energy Center in Grundy, Illinois.
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Chilean developer Sphera Energy is planning to develop a utility-scale solar project in the region of Ñuble, Chile.
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French construction company Vinci has won two contracts to carry out engineering, procurement, and construction (EPC) services for transmission projects in Brazil.
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John Cockerill Hydrogen, an electrolyzer manufacturer, has purchased a manufacturing space in Texas to create an electrolyzer gigafactory.
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Renewables company and Iberdrola Group member Avangrid and green energy investment firm Copenhagen Infrastructure Partners (CIP) have closed a $1.2bn first-of-its-kind tax equity package for their jointly owned Vineyard Wind 1 offshore wind project.
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Technology provider Vontier Corporation's subsidiary, ANGI Energy Systems, to build a full hydrogen refueling station at the Santa Clarita Transit in California. The station will fuel over two million vehicles per year.
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French developer Engie has secured approval to move ahead with its Libelula solar project in Chile.
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The energy finance group at First Citizens Bank has closed a $60 million financing for Gore Street Energy Storage Fund, a UK-based fund investing in utility and scaled projects, a 200MW/400MWh battery storage project in Imperial County, California. The project, Big Rock, is Gore Energy's first development in California.
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DE Shaw Renewable Investments (DESRI) has begun construction on its 200MW/400MWh San Juan 1 solar and storage project in New Mexico.
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French developer Voltalia has started commercial operations of its Canudos 1 and 2 wind farms in Brazil.
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Rise Light & Power and Corio have purchased stakes in TotalEnergies's 3GW Attentive Energy offshore wind farm, paying a total of $420 million.
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French renewable developer CVE is expanding the company’s Chilean pipeline with a duo of solar projects.
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The joint venture between renewable natural gas producer OPAL Fuels and South Jersey Industries (SJI), an infrastructure holding company, has begun constructing its Atlantic RNG facility on the Egg Harbor Township, New Jersey, landfill.
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Vineyard Wind, owned by Avangrid and CIP, has installed the first turbine of its Vineyard 1 project, a landmark milestone for the 800MW project, which will be the first utility-scale offshore wind farm in the US. Once complete, Vineyard Wind will power nearly half a million Massachusetts homes.
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Ameresco has begun commercial operations of its renewable natural gas (RNG) facility at the Benson Valley Landfill in Kentucky, which is owned by waste disposal company Republic Services. The plant will produce 2,000scfm of raw landfill gas per year, reducing over 27,000 tons of carbon dioxide emissions annually.
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Milestone Environmental Services (MES) subsidiary Milestone Carbon has entered into an agreement with Texas Pacific Land Corporation to lease over 22,000 acres of land and pore space intended for permanent geologic sequestration of CO2 in the Permian Basin.
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Spearmint Energy has reached financial close on a $92 million tax equity investment for its 150MW battery energy storage system (BESS), Revolution, from climate-focused investment firm Greenprint Capital Management.
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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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German developer Soventix is planning a utility-scale project in the metropolitan region of Santiago, Chile.
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Brazilian power company Energisa is issuing bonds for up to R$1.837 billion ($364 million) to finance energy infrastructure projects across Brazil.
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Oil and gas company Petroquímica Comodoro Rivadavia (PCR) has brought online a trio of wind farms in Argentina.
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Opdenergy has secured $252 million in financing for two under-construction solar projects, totaling 260MW, in West Virginia and Louisianna.
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Australia’s Fortescue has secured rights to develop a wind farm in the Rio Negro province of Argentina.
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French solar developer GreenYellow is partnering with Exata Energia to develop distributed generation assets in Brazil.
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Integrated energy and fertilizer company Proman has inked an agreement with Mitsubishi to build a low-carbon ammonia facility in Lake Charles, Louisiana. If completed, the plant would create 1.2 million tons of ammonia annually.
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Plus Power has completed a $1.8 billion financing for its standalone battery storage pipeline to help stabilize the grid alongside new wind and solar projects. Using data-driven metrics, the BESS developer is investing the funds into five battery projects near metropolitan areas in the Southwest.
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Argentina’s Ministry of Energy and the Bank of the Argentine Nation (BNA) have finalized a line of credit for the implementation of distributed generation of renewable energy.
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Vector Renewables has agreed to take over the management of assets of OBTON’s first photovoltaic solar plants in Chile.
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The Department of Energy has selected seven green hydrogen hub winners across 16 states, handing out $7 billion dollars in funds from the Bipartisan Infrastructure Law. Together, the hubs aim to produce over 3 million metric tons of clean hydrogen annually and generate over $40 billion in private investment in hydrogen.
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Mexican solar distributed generation developer Energía Real has landed financing from Banco Sabadell.
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Origis Energy has started construction on the first of three projects in Mississippi with a total capacity of 550MW plus 150MW of battery storage.
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Renewables developer oEnergy is planning a $60 million project that will see that company add a solar-plus-storage facility to its Chilean portfolio.
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Evergrow has completed the funding of a clean energy tax credit transfer on its platform as new players emerge in the tax equity space.
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France’s Engie and Spain’s Opdenergy are planning to develop wind and solar projects in Chile.
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Californian energy producer, Aera Energy, is preparing first large-scale carbon capture and storage project (CCS) – CarbonFrontier.
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Leeward Renewable Energy (LRE) has begun the construction of two projects, GSG Wind and White Wing Ranch Solar, as well as reaching commercial operations for Big Plain Solar.
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E-fuel producer HIF Global is planning a $830 million large-scale e-fuel project in Chile.
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Power producer MSU Energy is issuing green bonds for a 137MW portfolio of solar projects the company is developing in Argentina.
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Independent power producer Silicon Ranch and its partners – a community-focused renewable energy company and Sulphur Springs Valley Electric Cooperative (SSVEC) – have brought online the McNeal solar-plus-storage project.
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EDF Renewables has pulled the plug on the development of a 50MW solar project in Colombia, due to delays in permitting and environmental licenses from local entities.
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French utility EDF Renewables is planning a 144MW wind project in the region of Bío Bío in Chile.
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Brazil’s Petrobras and mining company Vale are partnering to develop low-carbon solutions including sustainable fuel opportunities.
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Dominion Energy is set to add 772MW of solar generation in Virginia through six Dominion-owned or acquired solar farms and 13 power purchase agreements (PPAs) with independently owned projects.
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Renewable energy company BayWa r.e., through its subsidiary BayWa r.e. Solar Trade, has opened a solar distribution center in Medellín, Colombia.
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BP-owned Archaea Energy has launched a renewable natural gas (RNG) plant in Medora, Indiana, located next to a Rumpke Waste and Recycling landfill. The Medora plant is the first to come online since BP purchased Archaea in 2022.
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AES Brasil has started commercial operations of its Tucano wind farm located in the state of Bahia.
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Peru’s investment promotion agency ProInversión is planning to award a duo of transmission projects totaling $800 million in investments on October 27, 2023.
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Despite current difficulties in the offshore wind market, TotalEnergies, a French wind energy developer, and Corio Generation, owned by Macquarie, have proposed a 1.34GW project off the coast of New Jersey. The wind developers' joint venture (JV) Attentive Energy also owns the 1.4GW Attentive Energy One project, located off the New York coast.
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The Asian Infrastructure Investment Bank (AIIB) has agreed to finance a wind project in the province of Tierra del Fuego, Argentina.
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Greenprint Capital Management and AB CarVal have finalized their joint venture (JV) to grow Greenprint's tax equity pipeline and renewable energy tax credit warehouse using funds managed by AB CarVal.
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Colombian power producer Isagen has landed financing to support the development of the company’s Sabanalarga solar project.
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Atlas Renewable Energy has brought online its Lar do Sol and Casablanca solar projects, adding 600MW to the Brazilian grid.
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Maritime Electric Company, a Prince Edward Island (PEI), Canada-based utility, has received $19 million from the Canadian government for its sustainable electrification initiative aimed at updating the local grid and critical connection areas.
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Global independent power producer (IPP) Ashtrom Renewable Energy has received $270 million in financing from five banks for its 400MW Tierra Bonita Solar Project in Pecos County, Texas.
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YPF and renewable subsidiary YPF Luz have signed a memorandum of understanding (MoU) with Korean steel producer Posco for green hydrogen developments in Argentina.
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The Department of Energy (DOE) has provided $38 million in funding for 13 green energy technology projects in American Indian and Alaska Native communities. The DOE funds will help increase energy security, reduce energy costs, and provide electric power investments for Native communities across the US.
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Neoenergia, the Brazilian energy distributor owned by Iberdrola, has entered a joint venture with renewables company Comerc Energia to develop distributed generation in Brazil.
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EDPR North America Distributed Generation (EDPR NA DG) has closed the latest of its series of sale-leaseback transactions with Flagstar Financial & Leasing.
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Infrastructure investment manager SUSI Partners has landed financing for a 107MW portfolio of solar assets in Chile.
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Sunnova Energy International, a low-cost solar and energy provider, has entered into a $3.0 billion partial loan guarantee agreement with the U.S. Department of Energy's (DOE) Loan Programs Office (LPO).
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Iberdrola-owned Avangrid has reached a transfer tax credit agreement for over $100 million of 2023 production tax credits (PTCs) with oil and power multinational Vitol, one of the first transferable credit agreements created by the Inflation Reduction Act.
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Engie Energía Chile has received the greenlight to proceed with a $645 million wind and storage project in Chile.
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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.
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Spain’s Uriel Renovables is planning a 100MW asset to be constructed in the region of Valparaíso in Chile.
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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.
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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.
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Renewables developer Casa dos Ventos has received financing for a pair of wind farms the company operates in Brazil.
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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.
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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.
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Sustainable aviation fuel (SAF) is still years away from bankability, according to speakers at REFF Wall Street 2023.
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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).
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The circa $20 billion annual tax equity stranglehold a small number of banks had on the market is over now that the Inflation Reduction Act (IRA) has introduced transferability, according to one financial advisor at REFF Wall Street 2023.
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While the Inflation Reduction Act (IRA) has spurred the green energy industry since its inception in August 2022, the legislation has not come without its own difficulties and may even be causing some developers to hit pause, according to speakers at REFF Wall Street 2023.
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Sunnova Energy Corporation intends to offer a $400 million green bond to finance or refinance existing and new projects.
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Energy Head is planning to develop a solar-plus-storage facility in the region of Valparaíso, Chile.
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Carbonvert and Castex Energy subsidiary Castex Energy Solutions have struck an operating agreement with the State of Louisiana to develop a permanent carbon dioxide (CO2) storage facility.
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Inverter and energy storage supplier Sungrow has signed a contract with investment fund WEG-4 to supply a liquid cooled energy storage system (ESS) solution.
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Spanish renewables developer Ecoener has started commercial operations of two solar projects in the Dominican Republic.
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Recurrent Energy, the solar and storage developer and owner, has closed on a $200 million project financing for the 134MW Liberty Solar project.
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Sunrun, a provider of residential solar, storage and energy services, has priced a $715 million securitization of leases and power purchase agreements, known as Sunrun’s solar-as-a-service offering.
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Finnish investor Korkia is partnering with Chilean developer Ciudad Luz to develop renewable projects in Chile.
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A pair of Spanish sponsors are expanding their renewable operations in Chile, adding solar projects to their respective pipelines in Chile.
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The exhaustive push to deploy the 468MW Cape Wind project off the coast of Massachusetts came to a halt in early January 2015. Power purchase agreements (PPAs) fell through; banks fell away (PFR, 1/7/15). The $1.95 billion deal, the first offshore wind farm to be fully permitted by the BOEM, died after 14 years.
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Casa dos Ventos Holding, Petrobras and TotalEnergies have signed a memorandum of understanding (MoU) that will see the trio collaborate on renewables in Brazil.
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The Development Bank of Latin America (CAF) has approved $850 million in loans to Panama and Brazil to support the energy transition in both countries.
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FortisBC has begun expanding methane capture infrastructure at the Delta landfill to advance its renewable natural gas offtake agreement with the City of Vancouver. Per the agreement, FortisBC will turn waste from the Delta landfill into RNG and sell it to the city.
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Energy management business Schneider Electric has revealed its 160,000-square-foot electrical manufacturing plant in El Paso, Texas, its largest factory in the US. The plant will produce low- to medium-voltage electrical products used to transfer power from the grid to industrial, commercial, and residential customers.
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Petrobras is planning to develop 23GW of offshore wind projects along the Brazilian coastline.
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Enel North America has brought five battery energy storage systems (BESS) totaling 369MW / 555MWh online in Texas. The utility-scale BESS projects have been connected to the ERCOT power grid and will increase stability during the hot summer months.
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UK-based energy producer Sonnedix is planning a wind project in the region of Coquimbo, Chile.
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Ocean Winds has signed a memorandum of understanding (MoU) with transportation and energy conglomerate Prumo Logística to collaborate on offshore wind generation in Brazil.
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Foss & Company has launched a standalone battery storage investment division, which highlights the company's increasing focus on battery energy storage systems (BESS) projects.
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Matrix Renewables and rPlus Energies have launched construction on the 261MW Pleasant Valley Solar project in Ada County, Idaho. Once completed, the project will be the largest solar facility in Idaho Power's system.
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Quintero GNL has submitted for review on its Green Hydrogen Bahía Quintero project the company is planning in Chile. The sponsor first submitted the project in 2021 but retracted the plan.
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The National Energy Commission (CNE) has granted a permanent concession to AES Dominicana for a renewable project in the Dominican Republic.
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Dimension Renewable Energy has inked $237 million in financing led by Silicon Valley Bank (SVB), a division of First Citizens Bank, to develop its 120MWdc community solar portfolio across five states.
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Natural gas producer BKV has entered into a contract with ENGIE Energy Marketing NA to sell its natural gas, which has been produced with CO2 sequestration, and its associated carbon sequestered credits. For this partnership, BKV will be creating the first purpose-built permanent commercial CO2 disposal and capture in the US.
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Trinity Gas Storage has closed $189 million in equity funding from private equity firm Transition Equity Partners and debt financing led by Investec as the joint lead arranger for its natural gas storage facility in Anderson County, Texas. The other investors include Pan Capital Management, Arbdn, SailingStone Capital Partners, and Rice Investment Group.
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Ørsted has completed its $625 million all-cash purchase of Eversource Energy's share in 175,000 acres of an offshore lease area that covers three ongoing offshore wind projects, becoming the sole owner of the land.
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A consortium of European financial institutions and multilateral organizations have launched the Global Green Bond Initiative (GGBI) to promote green bond markets in Latin America and the Caribbean and cooperate on technical assistance.
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A Chilean sponsor is planning a utility-scale solar-plus-storage project located in the region of Atacama, Chile.
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Commercial and Industrial (C&I) solar developer Forefront Power Partners has closed a $65 million solar investment tax credit (ITC) financing from NT Solar for its portfolio of 100 solar projects in California.
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IKEA’s financial arm, Ingka Investments, has joined Apex Clean Energy in developing Cameron Storage, the company’s first-ever battery storage project.
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MUFG has refinanced its $500 million credit facilities for a natural gas-fired plant portfolio, Invenergy Thermal Operating I, owned by Invenergy and InfraBridge. The portfolio includes four operational plants, totaling 2.29GW, which are located in the US and Canada.
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The Port of Santos, Brazil’s largest port and one of the busiest in Latin America, is planning to add a green hydrogen production plant to its facilities.
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EDF Renewables has started construction on the company’s third wind farm in the state of Bahia.
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Canadian green hydrogen developer EverWind Fuels has won a bid from the Newfoundland government to develop a green hydrogen project on the Burin Peninsula, Newfoundland.
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Renewable energy company RWE Clean Energy has commenced construction on its 200MW Montgomery Ranch Wind Farm in Foard County, Texas.
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The offshore wind troubles continue as Danish firm Ørsted has delayed its first US offshore wind project, Ocean Wind I, until 2026. Additionally, oil giants Equinor and BP are seeking to increase the power price of all three of the US wind farms in their partnership by over 50%.
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The Department of Energy (DOE)'s Loan Programs Office has given a $398.6 million conditional loan to Eos Energy Enterprises, a battery storage manufacturer. The funding will support Eos Energy's Turtle Creek, Pennsylvania, grid-scale BESS manufacturing facility, which is expected to produce over 8GWh of storage capacity per year.
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EDF Renewables has started commercial operations of Phase 1 of its Serra do Seridó wind farm in Brazil.
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Canadian Solar’s subsidiary, Recurrent Energy, has closed $112 million in project financing for its 160MW Oklahoma solar farm. NordLB and Rabobank were the joint lead arrangers on the financing.
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Brazil’s National Electric Energy Agency (ANEEL) is preparing for the first transmission auction to be held in 2024.
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The Bureau of Ocean Energy Management (BOEM) closed its first-ever offshore wind energy auction in the Gulf of Mexico with only one lease awarded: RWE Offshore US Gulf won with a bid of $5.6 million for a 1.24GW project.
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Rialma Administração e Participações is set to win an additional transmission lot in Brazil’s June auction after the original winner was disqualified.
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Acciona Energía, the Spanish energy company, has signed a Memorandum of Understanding (MOU) with the Government of Aruba to develop green hydrogen on the island.
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Investment firm HASI has extended its partnership with Summit Ridge Energy, a commercial solar and energy storage company, to finance the developer's pipeline of community solar projects in Illinois and Maryland until 2025.
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Foss & Company, an institutional investment fund sponsor, and Aspen Power executed a $60 million tax equity deployment for 27 solar projects across New York, New Jersey, Maine, and Georgia.
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The Bureau of Ocean Energy Management (BOEM) has approved the fourth US commercial-scale, offshore wind project, Revolution Wind, a 704MW offshore wind farm located southeast of Point Judith, Rhode Island.
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Clean energy platform Peregrine Energy Solutions has entered into an agreement with AB CarVal for $700 million in financing for Peregrine Energy's 7GW pipeline of solar, wind, and battery projects.
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Enel Green Power has started commercial operations on a utility-scale wind project in Chile.
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Peru's ProInversión has granted transmission projects totaling $118 million in investments.
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Brazilian development bank BNDES, in collaboration with the Ministry of the Environment and Climate Change, is launching a R$10 billion ($2 billion) Climate Fund.
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Framingham, Massachusetts-based Ameresco has secured a $300 million senior secured loan facility from HASI to develop clean energy assets. Additionally, Ameresco and bank club leader Bank of America (BOA) have amended their senior secured credit facility.
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ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) is being considered for one of the unawarded lots in Brazil’s June transmission auction.
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Avangrid is set to build its first solar project in California, the Camino Solar Project at 57MWdc and 44MWac, which is located in Kern County, adjacent to Avangrid's 189MW Manzana Wind Farm.
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Morgan Stanley Investment Management (MSIM), through Morgan Stanley Infrastructure Partners (MSIP), has entered a joint venture with US maritime and logistics company Crowley to repurpose US port facilities with offshore wind developers.
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The Department of Energy (DOE) has selected Pasadena, California-based developer CarbonCapture and its partners to receive $12.5 million in funding for a megaton-scale direct air capture (DAC) hub in southwestern Wyoming.
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Brazilian development bank BNDES and the China Development Bank have signed a $500 million loan agreement to finance projects across Brazil.
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Brazil’s Ministry of Mines and Energy is planning to invest R$75 billion ($15.4 billion) in the renewable sector under the newly launched Novo Pac, the third edition of the Growth Acceleration Program.
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Swedish battery manufacturer Northvolt has raised a $1.2 billion convertible note to finance its expansions plans in Europe and North America.
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Spanish renewable developer Grenergy is planning to develop a utility-scale solar project located in the region of Maule in Chile.
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Rondo Energy has raised $60 million in financing to grow its international operations by developing and building storage projects globally to decarbonize the industrial sector.
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Greenbacker Renewable Energy Company (Greenbacker) has closed on a warehouse financing facility in an initial aggregate principal amount of $75 million to support the construction and operation of its renewable power generation and energy storage portfolios.
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A climate tech startup from former Google X, Tesla, and Solar City executives has reached the operational stage of a novel seawater-based carbon capture technology.
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The Superintendency for the Development of the Northeast (Sudene) has provided financing for several projects, including renewable generation and transmission, in Brazil.
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Xcel Energy has filed the paperwork on an upgrade of nearly 100 miles of transmission line in Minnesota and eastern South Dakota,
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Australia and New Zealand Banking Group (ANZ) has issued a $280 million green loan facility to SK Battery America which will use the net proceeds to finance capital expenditure for an electric vehicle battery plant in the US.
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Leeward Renewable Energy (LRE) has concluded construction and begun commercial operation of its 100MW Oak Trail Solar project sited near Moyock, North Carolina.
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EDF Renewables is the latest international renewable energy company to join the green hydrogen developments in the state of Ceará.
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Peruvian investment promotion agency ProInversión is tendering five transmission projects in Peru.
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Duke Energy subsidiaries Duke Energy Carolinas and Duke Energy Progress have filed an Integrated Resources Plan (IRP) with the Public Service Commission of South Carolina (PSCSC) for future project development.
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Santiago-based developer Andes Solar is planning a utility-scale solar asset in the O'Higgins region of Chile.
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Renewables platform Origis Energy has closed a $750 million construction warehouse facility to fund 2GW of large scale solar, storage, and solar-plus-storage project construction over the next three years.
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Clean energy platform Peregrine Energy Solutions has signed an agreement with environment-focused investment firm Greenprint Capital to sell multi-year production tax credits (PTC) from the Old Gold Energy Center.
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IDB Invest will provide financing that will help alleviate stress on energy companies due to deferred payments with the creation of a transitional electricity price stabilization mechanism in Chile.
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The US Department of Energy (DOE) has announced the allocation of $1.2 billion to further develop two commercial-scale direct air capture (DAC) facilities.
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Greenbacker Capital Management (GCM) has completed, through an affiliated investment vehicle, a $148 million tax equity financing commitment with RBC Community Investments.
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Engie Energía Chile has submitted the Loma Verde wind project for environmental review in Chile for a second time.
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The future will see carbon capture and sequestration (CCS) become a primary part of the green energy sector, but as of now public capital is needed to successfully navigate the risks associated with nascent technologies.
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GE Vernova’s Grid Solutions will install a connection bay at the Santa Luzia substation as part of its contract with Brazilian renewable energy company Casa dos Ventos.
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Maxeon Solar Technologies is building its first US solar manufacturing plant in Alburquerque, New Mexico, Mesa Del Sol. The 3GW facility will open in 2025 and will require an investment of $1 billion.
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Walmart Chile has started commercial operations on one of the first industrial green hydrogen plants in Latin America.
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Vision RNG (VRNG) has started the commercial operation of a Landfill Gas (LFG) to Renewable Natural Gas (RNG) project at Meridian Waste’s Eagle Ridge Landfill in Bowling Green, Missouri.
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Guatemala's National Electric Energy Commission (CNEE) has revealed the full list of 16 awardees from the PEG-4 reverse auction, and over 70% (or 191MW) of the auction's 235MW was given to new renewable energy projects.
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SUSI Partners, through its SUSI Energy Transition Fund with its joint venture partner SMT Energy, has signed a tax equity financing agreement with Greenprint Capital for a co-owned 100MW battery energy storage portfolio sited in Texas.
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The Superintendency for the Development of the Northeast (Sudene), a Brazilian government agency, has provided a BRL$47.7 million to Lightsource BP for its 210MW Milagres solar project in the state of Ceara.
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Southern California Gas (SoCalGas) has filed an application with the California Public Utilities Commission (CPUC) for the development of the largest renewable natural gas (RNG) project in California.
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The Development Bank of Latin America (CAF) has provided an A/B loan to Argentinean oil and gas company YPF totaling $375 million to transition away from high polluting fuels.
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Swift Current Energy has closed $779 million in financing for its 800MW Double Black Diamond solar project in Illinois, projected to be the second largest single phase solar project in the US.
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AES Andes has reached commercial operation of Andes Solar IIb, the largest solar battery storage project in Latin America.
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Chile’s Ministry of Energy is partnering with the Japan Bank for International Cooperation (JBIC) to promote the development of green hydrogen as it continues to foster the nascent technology’s advancement.
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Colombian power company Isagen has announced a partnership with Atlas Renewable Energy to develop solar projects.
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Three joint ventures (JV) for New Jersey's third offshore wind solicitations have been identified.
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Public utility Empresa Generadora de Electricidad Haina (EGE Haina) has completed its 90MW Esperanza Solar Park in the Valverde Province, Dominican Republic.
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European Energy subsidiary EE North America (EENA) has entered a 15-year partnership with Montauk Renewables to purchase biogenically produced CO2 to power EENA's e-fuels production.
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The Saudi Fund for Development (SFD) will loan $77 million to the construction of a 60MW Central American solar plant.
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Solar developer Verano Energy is set to build a multi-phase 25GW green hydrogen development in Antofagasta, Chile, with an estimated $2.9 billion cost.
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Brazil’s National Electric Energy Agency (Aneel) has disqualified one of the winning bidders in a transmission auction held earlier this year citing the winner's incapability to carry out the projects.
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Cox Energy America has been awarded 38.4MW of solar generation in Guatemala's reverse power auction. The renewables developer submitted a bid for 40MW and received 96% of that capacity.
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Mexico’s Comisión Federal de Electricidad (CFE) landed a $333.6 million financing for seven hydroelectric plants.
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Minnesota Power and Great River Energy's joint transmission project, Northland Reliability Project, has reached another step in the state regulatory process.
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Brazil is set to be a beneficiary of EDP’s planned €2.5 billion investment across distributed solar.
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The US International Development Finance Corporation (DFC) has signed a commitment letter to finance a solar project in Ecuador.
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ICE Thermal Harvesting has closed on a $150 million credit facility with Gardner Capital Specialty Capital.
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The Department of Energy has granted $453.5 million to finance solar generation and battery storage in Puerto Rico.
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Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the second transmission auction of 2023.
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Texas-based Vistra has completed its 350MW/1.4GW Phase III of the Moss Landing Energy Storage facility, now totaling 750MW/3GWh, in Monterey County, California.
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Peregrine Energy Solutions, a Boulder, Colorado-based BESS developer and renewable energy platform, has signed a Memorandum of Understanding (MoU) with Six Nations of the Grand River Development Corporation (SNGRDC) to create utility-scale battery storage projects in the Canadian market.
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The Georgia cooperative that owns the Vogtle nuclear facility has reached commercial operations for its Unit 3 – the first newly constructed nuclear unit in the US in over 30 years.
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Brazilian development bank BNDES is dedicating an additional R$1.5 billion ($313 million) to support the biofuel sector in Brazil.
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Hydro One, Ontario's largest transmission and distribution provider, has filed an application with the Ontario Energy Board (OEB) to build and run its proposed $1.2 billion Waasigan Transmission line, which will provide energy to northwestern Ontario.
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German manufacturer RCT Solutions has signed a memorandum of understanding (MoU) with the government of Manitoba, Canada to build a solar PV factory with a 10GW capacity.
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Peruvian investment promotion agency ProInversión has awarded the Piura Nueva – Frontera transmission PPP that will interconnect Peru and Ecuador.
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The Bureau of Ocean Management (BOEM) has finalized the Wind Energy Areas (WEAs) for its Central Atlantic offshore wind auction. The three areas are located off Delaware, Maryland, and Virginia, and can support approximately 4GW to 8GW of energy production once completed.
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Orion Power is adding a solar-plus-storage asset to the company’s development pipeline in Chile.
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Utility-scale battery storage platform Broad Reach Power has closed a $435 million credit facility to fund the construction of seven stand-alone energy storage projects in Texas and California.
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Chile’s national oil company ENAP has signed an agreement with several energy companies to develop a green hydrogen industrial complex.
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Iberdrola-owned Avangrid has completed its offshore substation for the 800MW Vineyard 1 wind project, off the coast of Massachusetts.
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The government of Ecuador will attempt to procure the Cardenillo and Santiago hydro projects by early next year.
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Synthica, a renewable natural gas company, has started construction of its new RNG facility sited in St Bernard, Ohio.
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Solar developer SUNfarming has secured a definitive concession for the development of a 50MW solar project in the Dominican Republic.
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Enerdyne Power Systems, a gas-focused subsidiary of The Landfill Group, has commenced operation of a project to collect and upgrade landfill gas into usable renewable natural gas (RNG), the first of its kind to reach full commercial operation in South Carolina.
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Clearway Energy Group has closed a $421 million financing for its 147MW/588MWh Rosamond Central BESS project in Kern County, California.
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Battery storage specialist Spearmint Energy has begun commissioning activities at its Revolution project, a 300MWh battery energy storage facility.
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Summit Ridge Energy has completed its first 2 of 4 energy storage systems (ESS) in New York City.
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German renewable developer Uka Group is planning a utility-scale solar asset in Chile.
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SunEnergy1 LLC, a North Carolina-based commercial solar developer, has secured $211 million in financing from sole lead arranger First Citizens Bank for a 200MW solar power facility.
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Puerto Rico has started the bidding process of the third tranche of its 6-tranche renewable energy procurement process.
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The Puerto Rico Electric Power Authority (PREPA), a public energy utility, has received approval from the Loan Programs Office (LPO) to apply for the Title 17, Energy Infrastructure Reinvestment (EIR) loan program for its renewable energy plan.
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The Inflation Reduction Act was finally signed into law after more than a year of negotiations last August. West Virginia Senator Joe Manchin (D), the deciding vote, lengthened discussions by insisting on capital being made available for retrofitting coal and oil plants, creating carbon capture projects, and adding emission control technologies.
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Invenergy has started commercial operations on its 200MW Calhoun Solar Energy Center in Michigan – the firm’s first project completed in the state.
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The Bureau of Ocean Energy Management (BOEM) has taken another step toward reaching the Biden-Harris administration's goal of reaching 15GW of offshore wind by 2035 with a wind farm proposal off the coast of Maine.
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The Department of the Interior will hold an auction in August (2023) for the first-ever offshore wind energy lease in the Gulf of Mexico. The areas will have the potential to generate 3.7GW of power.
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Urban battery storage developer, NineDot Energy, has closed a $25 million revolving credit facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA).
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Miami-based developer Atlas Renewable Energy is planning a utility-scale solar project in Chile.
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EDP is planning to invest around R$530 million ($110 million) in distributed solar generation in the center of Brazil.
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Innergex Renewable Energy has secured a $534 million construction loan and term financing and $49 million letter of credit facility for its 329.8MW Boswell Springs wind project in Wyoming.
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Renewables developer Cox Energy is adding a solar project to the company’s Chilean pipeline.
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Heelstone Energy has closed a tax-equity investment from Advantage Capital, a New Orleans-based investment firm, for its four solar projects in Georgia, totaling 320MW.
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TPG-backed Matrix Renewables has purchased the 284MWdc Stillhouse Solar Project from OCI Solar Power.
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The European Investment Bank (EIB) has signed an agreement to finance the solar sector in Brazil.
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Amid anticipation that green hydrogen would play a significant role in energy transition the Chilean government introduced the Fund for the Development of Green Hydrogen and its derivatives, an inter-ministerial operation that garnered the financial support of development banks in Europe and the US.
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Jupiter Power, an energy storage infrastructure platform, has secured $70.4 million in a construction and term loan from First Citizens Bank's energy finance group. The loans will fund two standalone battery storage projects, totaling 160MW and 320MWh, in Texas.
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Alaska Renewables, a start-up developer, is negotiating with the Alaska Mental Health Trust to develop a 235MW wind farm on trust land.
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North Indiana Public Service Company’s (NIPSCO) first two Indiana-based solar projects are now online and in full operation.
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French renewable power company Voltalia has commenced operations of its 260MW solar plant located in the Serra Branca, Brazil.
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The US Environmental Protection Agency (EPA) has opened two grant competitions for $20 billion in awards as part of the $27 billion Greenhouse Gas Reduction Fund, part of the Inflation Reduction Act (IRA).
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Pattern Energy has completed construction and begun operation at its 150MW Lanfine Wind power project in Alberta, Canada.
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Xcel Energy has received approval from state regulators to construct a multi-day energy storage system at the site of a retiring coal plant.
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EVLO Energy Storage, the battery energy storage systems developer subsidiary of Hydro-Québec, has launched its first utility-scale storage project in the US.
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The International Development Bank (IDB) has signed an agreement with the International Renewable Energy Agency (IRENA) to support energy transition in the Latin America and the Caribbean region.
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ChatGPT chief executive Sam Altman will begin building nuclear plants and selling long-term power contracts via his clean energy startup Oklo after listing next year.
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DTE Energy has entered into a settlement agreement with 21 organizations from Detroit that will see the utility exit its coal-fired plants and invest $10 billion into the clean energy transition in Michigan by 2033.
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Renewables developer Genneia is issuing green bonds to refinance a trio of assets in Argentina.
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DE Shaw Renewable Investments (DESRI) has reached financial close on its San Juan 1 project, a 200MW solar farm with 100MWac battery storage facility.
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Spanish infrastructure firm ACS has signed a concession for the construction of the largest wind project in Ecuador.
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The Ontario government is prepping for three additional small modular reactors (SMRs), for a total of four SMRs, with Ontario Power Generation (OPG) at the Darlington nuclear site as it continues its nuclear push.
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Dimension Renewables Energy Group closed on a short term $36.5 million credit facility from Silicon Valley Bank, a division of First Citizens bank, to purchase solar equipment for community solar projects across at least four states, PFR has learned.
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The Ontario government has begun pre-development work siting the first large-scale nuclear build in more than 30 years.
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The Department of Energy has released a Notice of Intent and Request for Information to invest up to $1 billion on the demand-side to support the regional clean hydrogen hubs (H2H).
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New Jersey Governor Phil Murphy signed a bill that will expand federal tax credits to Ørsted, the Danish energy giant building the largest offshore wind project in the US along the coast of New Jersey.
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Ameresco is set to build four co-located energy storage projects, to be sited at gas power plants owned by Middle River Power (MRP), an independent power company wholly owned by Avenue Capital.
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AES Dominicana Renewable Energy is seeking financing from IDB Invest to support the company’s renewable expansion in the Dominican Republic.
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The Department of the Interior's Bureau of Land Management (BLM) held a utility-scale solar auction with $105.15 million in bids for four parcels of land in the Amargosa Desert, Nevada.
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The Lund Storage Project, owned by BESS Power Corporation, has commenced a Full interconnect Study (FIS) as it gears up to connect to Electric Reliability Council of Texas Inc (ERCOT) and Lower Colorado River Authority (LCRA).
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Spanish renewables developer Grenergy has landed financing for two solar assets in Chile.
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American Electric Power company Southwestern Electric Power Co. (SWEPCO) has received approval from the Louisiana Public Service Commission (LPSC) to proceed with its fuel-free initiative to acquire 999MW of renewable generation resources.
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Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the first transmission auction of the year.
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Viridi Energy, a renewable natural gas platform, has partnered with American Organic Energy (AOE) to develop a food waste-to-RNG project at AOE's plant in Yaphank, New York.
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Energix Renewables has received $520 million in financing and tax equity from Santander CIB and Morgan Stanley for six solar projects in Virginia and Pennsylvania. The projects will total 416MWdc of solar energy.
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The World Bank has approved a series of loans to Argentina, including a $400 financing to expand access to clean energy in the country.
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Lapis Energy and Denbury have formed a joint venture to design, implement, and operate a carbon dioxide (CO2) sequestration site at Lapis Energy’s carbon storage facility located in St Charles Parish, Louisiana.
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Hawthorn Renewables has pledged $250 million into building solar projects across the US in the next four years.
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The Government of Ecuador has fulfilled parts of a pre-contractual procedure to obtain credit lines to fund a transmission line cross-border project between Ecuador and Peru.
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Leyline Renewable Capital, development-stage capital investment firm, has provided a debt financing for RAI Energy to develop several large utility-grade solar and solar-plus-storage projects in the Western Energy Coordinating Council.
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Financial details have emerged on Macquarie’s Green Investment Group (GIG) and Hydro Rein’s 456MW Feijão Wind Farm – part of a 586MW combined wind and solar project in northeastern Brazil.
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Summit Ridge Energy (SRE) and Osaka Gas’ US unit are teaming up for the construction, ownership, and operation over 100MW of solar projects throughout Virginia, plus 8MW of energy storage in New York.
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Engie Energia Chile has secured a $400 million sustainability-linked loan from the IFC to help the company shift from fuel-based power generation to renewable power.
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Renewables developer Intersect Power has closed an $800 million revolving corporate credit facility to support the development, construction, and operation of its renewables, energy storage, and green hydrogen project pipeline.
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The Development Bank of Latin America (CAF) has approved a loan to finance distribution networks in Ecuador.
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Recurrent Energy, a development company owned by Canadian Solar, has secured a €150 million multicurrency facility with Santander Corporate & Investment Banking.
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Orion Power is planning to develop a solar-plus-storage asset in the region of O'Higgins in Chile.
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LS Power Grid Maine has received legislative approval for Aroostook Renewable Gateway, an electric transmission line to interconnect renewable energy resources in northern Maine with the electric grid operated by the New England independent system operator (ISO-NE).
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A Ford Motor Company joint venture has received a $9.2 billion conditional loan from the Department of Energy's Loan Programs Office (LPO) to finance three battery plants in Tennessee and Kentucky. The JV, BlueOval SK LLC, brings together Ford and SK On, a Korean EV battery manufacturer.
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Great Bay Renewables, owned by Altius Renewable Royalties Corporation and Apollo Global Management, has invested $45 million with Hexagon Energy for future royalties related to Hexagon’s 43 project solar, solar-plus-battery storage, and standalone storage development projects – which totals 5.3GWac and spans 12 states.
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The New York Independent System Operator (NYISO) has selected the Propel Alternate Solution 5 project for the Long Island Offshore Wind Export Public Policy Transmission Need solicitation.
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Strata Clean Energy has closed on tax equity investments to fund two standalone battery energy storage systems.
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Chilean developer Blue Light Energy is working on a utility-scale solar project in the region of Maule.
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Altus Power, an independent developer, owner, and operator of commercial-scale solar, has secured $47 million in financing from Blackstone.
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Engie Energía Chile is planning a $230 million wind project in the region of Biobío.
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Canada-based EverWind Fuels Company is supportive of Nova Scotia's recently published Offshore Wind Roadmap and the province's efforts to become a global leader in renewable energy.
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The Canada Infrastructure Bank (CIB) has ramped up investing in recent times with $3 billion deployed in clean energy projects – out of a near $10 billion total – and having doubled its cumulative deal volume hitting back at critics who said it was not putting capital to work quick enough.
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Norwegian renewables firm Norsk Solar has made a final investment decision (FID) on the construction of 3 solar PV plants in Brazil.
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Czech renewables developer Solek is entering the renewables market in Colombia with two solar projects.
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BlackRock-owned DSD Renewables has secured a $140 million credit facility, with the funding arrangement led by Santander Corporate & Investment Banking with HSBC USA and Rabobank Group as lead joint arrangers.
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HIF Global is to develop an eFuels project in Paysandú, Uruguay – expanding its presence in the country.
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The European Investment Bank (EIB) has signed an agreement with Chile’s Ministry of Finance and economic development agency, Corfo, to finance green hydrogen in the country.
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Community solar specialist Nexamp has secured more than $400 million in tax equity and debt commitments led by US Bancorp Impact Finance and MUFG.
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Solar manufacturer CubicPV has secured over $100 million to fund its US factory plans and product pipeline. Cubic’s leading shareholder, SCG Cleanergy, made contributions along with Hunt Energy Enterprises and Breakthrough Energy Ventures.
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The Inter-American Development Bank (IDB) has approved a $400 million loan to support the development of green hydrogen in Chile.
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During Chile’s annual Cuenta Publica presidential speech held in Congress on June 1, Gabriel Boric announced that the government was working on a bill to tender 5.4GW of large-scale energy storage systems set to become operational in 2026.
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North American renewables and storage developer Nexus Renewables announced the closing of multiple financings totaling $40 million.
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Spearmint Energy, the battery energy storage specialist founded in May 2022, has closed a $200 million credit facility with Aiga Capital Partners for the development of battery storage assets in Texas.
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KORE Power, battery storage and EV solutions company, was awarded a conditional commitment loan of $850 million by the Department of Energy's Loan Programs Office (LPO) for an advanced battery cell manufacturing facility in Buckeye, Arizona.
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Colombian power company Celsia has turned on a 9.9MW solar farm in Valle del Cauca, Buga I, having agreed offtake agreements with agricultural business, Solla, and food processing company, Alianza team.
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The National Energy Commission (CNE) has granted two definitive concessions to the Cotoperí project in the Dominican Republic.
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The US International Development Finance Corporation (DFC) is interested in providing financing for Solarpack’s 200MW El Aromo solar farm in Manabí, Ecuador.
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Spanish infrastructure firm ACS is expected to reach FC on a wind project in Ecuador before the end of 2023, according to a source familiar with the matter.
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Eolian, a portfolio company of Global Infrastructure Partners (GIP), has closed financing on a green loan for decarbonization strategies across the US.
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Big businesses have begun to move on carbon capture while the US government spurs advancements in the emerging sector through its Bipartisan Infrastructure Law’s (BIL) tax credits, loans and grants.
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Canadian-based power producer Codelio Power has secured construction loan financing and tax equity for its 171MW Moraine Sands wind project in Mason County, Illinois.
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Brazil’s National Electric Energy Agency (Aneel) has confirmed the first transmission auction of this year to be held on June 30.
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Ares-backed Heelstone Renewable Energy closed a $357 million debt financing with JPMorgan Chase and Fifth Third Bank for five utility-scale solar projects.
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EDF Renewables Brasil has signed a memorandum of understanding (MoU) for the development of green hydrogen with the state government of Rio Grande do Norte.
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Hyundai Motor Group and LG Energy Solution (LGES) have launched an electric vehicle (EV) battery cell manufacturing joint venture in Georgia.
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FuelCell Energy, a global manufacturer of proprietary fuel cell technology, has secured a $87 million non-recourse project financing facility.
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The US power sector is experiencing a remarkable influx of foreign investments, with companies from across the globe pouring billions of dollars into clean energy projects bolstered by the Inflation Reduction Act (IRA).
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Czech renewables developer Solek has landed financing for a 284MW portfolio of solar assets the company is developing in Chile.
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Renewable fuels company Raven SR has received environmental approval from the city of Richmond, California for its biofuel project.
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AES Andes is retiring the company’s Norgener coal-fired power plant in Chile.
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Lightsource BP has reached commercial operation on its Bellflower Solar project.
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The National Energy Commission (CNE) has granted a total of three definitive concessions for solar projects to be developed on the island.
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Spanish JV partners Repsol and Ibereolica Renovables have commissioned the first phase of their maiden joint solar project plant in Northern Chile.
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Latin America Power is planning a 73MW expansion to the company’s San Juan wind project in Chile.
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Chile’s National Energy Commission (CNE) has revealed details on its 2023 power auction which will be held in December.
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Leyline Renewable Capital has invested $30 million with solar and storage developer Accelergen Energy.
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The US Department of Energy (DOE) will award $32.6 million to the Colorado School of Mines, Carbon America, and Los Almost National Laboratory for a carbon storage hub in Pueblo, Colorado.
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AES Andes has received environmental approval to develop a massive hybrid complex in Chile after submitting the project almost three years ago.
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Generate Capital, a San Francisco-based sustainable infrastructure fund will invest $250 million in Ambient Fuels, a green hydrogen developer.
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Aspen Power has completed construction on its first solar project with residential real estate powerhouse The Michaels Organization.
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Omega Energia has entered an agreement with São Paulo-based fund manager Apolo to develop solar generation in Brazil.
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Renewable developer Omega Energia has landed R$415.32 million ($83.6 million) for a wind complex the company is developing in Brazil.
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Blackrock-owned DSD Renewables closed a $75 million dollar tax equity financing with Bank of America for several commercial and industrial (C&I) and community solar projects across the US.
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Parque Eolico Arauco (PEA) is partnering with IMPSA on a solar project in the province of La Rioja in Argentina.
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Matrix Renewables, global energy developer backed by TPG, announced the completion of construction and financing for its Kern County, California projects Gaskell West 2 and 3. The projects are 143MWdc of solar and an energy storage system with an 80Mwh capacity.
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EBCO Energía has submitted a utility-scale solar project for environmental review in Chile.
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MPC Energy Solutions is planning to develop up to 70MWp of renewable energy projects in Panama.
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Republic Transmission – a subsidiary of LS Power – has secured a contract from MISO to develop, own, operate and maintain a double-circuit transmission line in northern Indiana.
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Neoenergia has signed a financing agreement that will support the expansion of its energy distribution business in Brazil.
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Bitech Technologies Corporation has received $300 million in financing from Nam Viet Green Energy JSC (Nam Viet Energy) for selected solar and battery energy storage system (BESS) projects.
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President Biden's suspension of tariffs on solar panels from four Southeast Asian nations was repealed by the US Senate, threatening solar projects while American solar panel manufacturing gets up and running.
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Pivot Energy has closed on a $203 million financing facility to support a multi-state portfolio of distributed generation solar projects in the US.
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Denham Capital-backed power firm Ceiba Energy has signed an EPC contract with a consortium of Mitsubishi Power Americas and Consag to develop a 1.6GW LNG-to-power plant in northeastern Brazil.
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The National Energy Commission (CNE) has granted a definitive concession to Irradiasol Dominicana for a solar project in the Dominican Republic.
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Linxon has signed an exclusivity agreement with Available Power for the 100MW / 200MWh Greenport Battery Energy Storage System (BESS) project in Austin, Texas.
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PowerChina has signed a memorandum of understanding with the government of the state of Ceará for the development of a solar project.
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YPF Luz has signed a memorandum of understanding (MoU) with Cementos Avellaneda to jointly develop a wind project in Argentina.
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The move towards a greener US power industry through investments in new clean energy technologies is being aided by government policy and dollars, but risks remain for all participants with a number of exogenous factors impacting ‘green’ financing.
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New Jersey has begun the process for its second offshore wind transmission solicitation, which will bring the state closer to its newly increased offshore wind policy target of 11GW.
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Akuo Energy and Atlantica Sustainable Infrastructure have reached financial close and start of construction on a solar PV portfolio in Chile.
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Peruvian investment promotion agency ProInversión and Acciona have signed a concession contract for 2 power transmission lines in Peru.
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Renewables developer BayWa r.e has completed close on a $115 million credit facility with Nomura to support the development of utility-scale solar and solar+storage projects in the US.
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Argentina's Secretariat of Energy has received more than 2GW of renewable energy project bids in a tender launched earlier this year.
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SFC Energy, a supplier of hydrogen and methanol fuel cells, has opened 2 competence centers for hydrogen fuel cell technology in Calgary and Toronto.
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Pampa Energía is planning to issue green bonds to finance the construction of a wind project the company is developing in Argentina.
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Spanish renewables firm Ecoener will close a deal to finance its Colombian Sunnorte Solar PV Plant in May.
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French solar developer GreenYellow has started construction on five utility-scale solar projects in Colombia.
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Small-scale Chilean developer oEnergy is adding two solar-plus-storage projects to the company’s development pipeline.
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The World Bank’s International Finance Corporation (IFC) will provide up to $175 million to strengthen Guatemala’s power distribution.
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The renewable subsidiary of real estate and construction group EBCO Industrial is planning to develop two solar projects in Chile.
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Innergex Renewable Energy has secured a $49.5 million loan to s;upport the construction of the San Andrés battery energy storage project in Chile.
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Spain’s Enerfín has landed a loan to finance the construction of the company’s first solar project in Colombia.
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The power generation subsidiary of Argentina’s state-owned oil and gas company YPF Luz has inaugurated its first solar park.
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Renewables developer Avangrid, a part of Iberdrola, has teamed up with the Navajo Tribal Utility Authority (NTUA) to develop up to 1GW of green energy projects within the Navajo Nation in the states of New Mexico and Arizona.
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The government of Colombia will tender a 500/230kV transmission substation project, the first such tender in in the country.
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Peru’s Energy and Mines Ministry (MINEM) has granted local electricity company Ecorer a temporary concession for the 100MW Montalvo solar project.
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China’s State Power Investment Corporation (SPIC) has signed a memorandum of understanding to promote green hydrogen production in the state of Rio de Janeiro.
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Brazilian construction company BN Engenharia will carry out infrastructure work on China’s State Power Investment Corporation (SPIC) and Canadian Solar’s 738MW solar portfolio.
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Renewables developer Emrgy has raised $18.4 million in Series A funding to launch a hydro turbine factory in Colorado and support the development of its hydropower projects.
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Lightsource BP has reached a $327 million financial close on the 313MWdc (250MWac) Driver Solar Project near Osceola in Mississippi County, Arkansas.
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Spanish developer Fotowatio Renewables Ventures (FRV) has begun the permitting process for a utility-scale wind project in Chile.
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Peruvian investment promotion agency ProInversión is looking to award the Piura Nueva – Frontera transmission project in July.
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Small-scale developer oEnergy is adding a solar-plus-storage project to the company’s pipeline in Chile.
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Mitsubishi Power is partnering with Warwick Carbon Solutions for decarbonization projects in the electric power and industrial sectors.
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Vesper Energy — the developer, owner, and operator of utility-scale renewable energy assets — has upsized its existing letter of credit (LC) facility to $200 million from $140 million.
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Clearway Energy Group has closed financing on two utility-scale solar and storage projects in Riverside County, California.
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French energy company Engie has signed a memorandum of understanding (MoU) to support the development of green hydrogen in the state of Paraná in Brazil.
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Ecuador’s Ministry of Energy and Mines has awarded projects in a renewables tender the country launched back in December 2021.
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Offshore wind in Latin America is generating conversation, if not power, as its governments attempt to meet ambitious energy transition goals. According to the World Bank, the region holds 8,000GW of potential technical capacity, with Brazil, Colombia, Chile and Mexico offering some of the best resources for implementation.
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Details have emerged on Spanish utility Solarpack’s acquisition of a concession to develop a 200MW PV solar farm in Manabí, Ecuador.
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Paraguay’s state-owned power utility ANDE has signed an agreement with Swedish-based engineering company AFRY and Argentinian firm Latinoconsult to rehabilitate and modernize the 200MW Acaray hydropower plant.
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Grupo Energisa has landed financing to support the development of distributed generation solar projects in Brazil.
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Brazilian developer Casa dos Ventos has landed a loan from BNDES to support the construction of the Umari wind complex.
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Dominican public utility Empresa Generadora de Electricidad Haina (EGE Haina) has secured a definitive concession for a solar project on the island.
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Danish wind turbine manufacturer Vestas will supply turbines to the 162MW La Eltiba wind farm in the province of Buenos Aires in Argentina, owned by local renewable energy producer Genneia.
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This week, First Citizens Bank agreed to a whole bank purchase of Silicon Valley Bank, taking on all its loans and certain other assets, as well as assuming all its customer deposits and certain other liabilities. In all, First Citizens is taking assets of $110 billion, deposits of $56 billion and loans of $72 billion.
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RWE has signed a Memorandum of Understanding (MoU) with Entergy to jointly evaluate the delivery of clean energy from offshore wind to industrial customers in Texas and Louisiana.
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Duke Energy has started commercial operation of North Carolina's largest battery system, an 11MW project in Onslow County.
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Danish wind turbine manufacturer Vestas has signed an agreement with Brazilian developer Casa dos Ventos to supply wind turbines to two mega wind farms.
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Chile’s national energy commission is calling for an international public tender to award the construction, execution and operation of 15 transmission works, with a combined value of $414 million.
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The governments of Canada, Nova Scotia, and Newfoundland and Labrador have begun regional assessments for offshore wind development.
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Brazil’s power sector regulator Aneel has approved the remaining 100MW worth of solar projects from the A-5 tender held on 14 October 2022.
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Oya Renewables, the clean energy developer and independent power producer, has closed a $27.1 million long-term loan facility from City National Bank (CNB) and tax equity funding from Greenprint.
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Engie has received the greenlight to turn on the first unit of its Santo Agostinho wind project in Brazil.
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Mexico’s government will develop renewable energy projects to power the 300km Tehuantepec isthmus rail corridor between ports in Oaxaca and Veracruz states.
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Chinese wind turbine manufacturer Xinjiang Goldwind Science & Tech will invest R$150 million ($29m) to create a production base in Brazil’s Bahia state.
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Netherlands-based renewables company MPC Energy Solutions announced the completion of construction and grid connection for its Parque Solar Los Girasoles.
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South Korea's LG Energy said it would invest about KRW7.2 trillion ($5.5 billion) in a battery-manufacturing complex in Arizona.
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Mexico’s renewable energy sector might be on the road to recovery, with elections to be held in July 2024. Following a run of lean years, sponsors and lenders alike were enthusiastic for the future while discussing the renewable landscape at REFF Latam 2023 last week.
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Norwegian renewables provider Scatec has made its first drawdown under a $240 million non-recourse loan facility to partly finance the 531MW Mendubim solar project.
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French renewable developer GreenYellow is entering the utility-scale solar generation market in Brazil.
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Neoenergia has brought online the entire Neoenergia Renewable Complex, Brazil’s first operational hybrid complex.
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Foss & Company has closed on a tax equity partnership with Birch Creek Energy for $130 million of investment.
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Two organizations have joined forces to collaborate on advancing the development and deployment of projects in the rapidly scaling North American offshore wind industry.
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The Argentine province of Santa Fe’s energy distributor EPE will issue a regional tender for renewable energy after several months’ delay.
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New Fortress Energy has entered into an agreement with Weston Solution for the installation and operation of 150MW of additional power generation at the Palo Seco Power Plant in Puerto Rico and the supply of natural gas.
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Avangrid has bolstered its footprint in the US renewables sector with plans to develop two solar farms in Texas and Ohio. The projects, which generate a total of 523.5MW of power, are:
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AES Andes is planning an addition to its renewable pipeline in Chile with a new solar-plus-storage project.
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Paraguay’s National Electricity Administration (ANDE) and the Plata Basin Financial Development Fund (Fonplata) have agreed to terms for a loan to develop a transmission line project.
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Brazil’s National Electric Energy Agency (Aneel) is preparing its second transmission auction of the year, the largest in terms of investments ever held in the country.
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Twain Financial Partners has secured a lending license from the United States Department of Agriculture (USDA), enabling it to act as a single-source capital deployer for eligible projects.
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Leeward Renewable Energy has closed an $180 million commitment from MUFG Bank and Wells Fargo for a 200MW Horizon Solar Facility located in Frio County, Texas.
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The Department of Energy’s recent $6 billion funding announcement for decarbonization projects is likely to spur future investment from traditional infrastructure investors in the nascent energy subsector.
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The Biden Administration has announced $2.5 billion in new funding for a program to fund electric vehicle (EV) charging and alternative fuelling infrastructure across the country.
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Ozop Energy Solutions – a subsidiary of Ozop Engineering and Design (OED) – has become Pace Equity's project finance partner.
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Brazilian chemical company Unigel has formally signed an agreement with German electrolyzer manufacturer Thyssenkrupp Nucera to develop the second phase of a green hydrogen ammonia project in the state of Bahia.
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Brazilian development bank BNDES has approved financing for French electricity producer Helexia, part of the Voltalia Group, to install solar projects across Brazil.
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US solar power producer Navisun has secured up to $235 million in debt financing to support its growth strategy.
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Engie Energía Perú was granted a definitive concession for the development of a solar project in Peru after submitting a request last July.
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The local subsidiary of AES Corp is planning to develop a new utility-scale solar project in El Salvador.
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Danish wind turbine manufacturer Vestas has signed two turbine supply contracts with utilities in Argentina and the US for a total capacity of 151MW.
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Argentina’s federal transmission trust fund has launched a tender for a project in Catamarca province as part of the country’s regional electricity improvement plan.
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Grupo Ibereólica is planning a hybrid solar and wind complex in Chile.
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The Puerto Rican Public Private Partnerships Authority has issued a request for qualifications (RFQ) for the development of a LNG-to-hydrogen plant on the island.
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The California Independent System Operator (CAISO) has nominated LS Power Grid California to finance, construct, own, operate and maintain two projects to support electricity reliability in California:
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Chevron New Energies – a division of Chevron USA – and JERA Co have signed an MoU for collaboration on carbon capture and storage (CCS) projects in the US and Australia.
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Enel Green Power has started construction on the El Manzano solar project in Chile.
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Norwegian oil & gas group Equinor and Brazilian state-run oil & gas firm Petrobras have announced a collaborative initiative to study the potential for over 14GW of offshore wind projects in Brazil.
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Brazilian development bank BNDES has approved financing for two biofuel plants through the bank’s RenovaBio initiative.
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French energy company Voltalia has signed a memorandum of understanding (MoU) for the development of green hydrogen in Brazil.
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Geothermal Core and GEG have teamed up to originate and develop the first utility-scale geothermal power plant in Texas.
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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.
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Santiago-based developer Orion Power is planning a utility-scale solar project in Chile.
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The Peruvian Ministry of Energy and Mines has granted three concessions (two of them definitive) for the development of power generation projects in the country.
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Battery energy storage systems developer Available Power has partnered with Linxon on a front-of-meter energy storage project pipeline in Texas's ERCOT market.
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360 Energy is planning to issue bonds for up to $80 million to finance a solar project the company is developing in Argentina.
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Grupo Ibereólica has received environmental approval to develop a massive wind project after waiting for more than two years.
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Avangrid has hit commercial operation at its 150MW Lund Hill solar farm in Klickitat County, Washington. It is the state’s largest photovoltaic plant.
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OCI Solar Power has signed an agreement with Mitsui & Co. (USA) to collaborate on utility-scale solar energy projects in Texas.
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Ontario-based developer Canadian Solar is looking to develop a new solar-plus-storage project in Chile.
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YPF Luz and Pampetrol have entered an agreement to jointly develop solar generation projects in Argentina.
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AES Andes is planning to develop and build a hybrid project, the company's first in Chile.
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Power generation company Genneia has secured financing for three renewable projects it is developing in Argentina.
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Coldwell Solar has launched a gigawatt-scale solar project that will allocate a portion of the output to producing clean hydrogen on-site.
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Chile-based renewables company Verano Energy (formerly Verano Capital) has secured several permits needed for construction of a 100MW solar power project in Peru.
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French-based renewables producer Total Eren will construct its first project in Honduras, a 122MW wind farm.
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Spanish joint venture partners Repsol and Ibereolica Renovables have officially turned on their 165.3MW Atacama wind farm.
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UGI Energy Services — a subsidiary of UGI — has formed a joint venture with Archaea Energy, a subsidiary of BP.
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AmmPower Corp. has signed an MoU with the Port of Corpus Christi Authority (PCCA) to explore green hydrogen as feedstock for clean fuel, green derivatives production, storage and a distribution facility.
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Argentine energy company Pampa Energía is adding a new wind project to its development pipeline.
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Eolian, a subsidiary of Global Infrastructure Partners (GIP), has successfully closed a tax equity investment in two standalone battery storage projects in Mission, Texas.
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Brazil's EDP Renewables' (EDPR) 580MW wind farm complex in Rio Grande do Norte state has been inaugurated.
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Chinese PV systems provider Antaisolar will supply 187MW worth of solar tracking systems solutions to Brazilian utility Cia Energetica de Minas Gerais, also known as Cemig.
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Casa dos Ventos and Comerc Eficiência (an energy efficiency company of Comerc Energia Group) have signed a partnership with TransHydrogen Alliance (THA) for the production and export of ammonia.
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Comcast has issued a green bond worth $1 billion to investors to support clean energy and infrastructure initiatives.
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Puerto Rico has launched the third tranche of its six-tranche renewable energy procurement process.
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Renewable developer Longroad Energy has reached financial close on a 150MWac PV project in Polk County, Texas, which will now enter construction.
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Utility Enel Chile has secured approval to start commercial operations on its 204MW solar farm in the Atacama Desert, the company said on 7 February.
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The investment arm of the Inter-American Development Bank, IDB Invest, will finance an 80MW thermal power plant (TPP) in Brazil, the multilateral announced on 6 February 2023.
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The Chilean National Commission of Energy is launching a request for proposals (RFP) for transmission projects in the country.
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Chemical companies OCI and Linde have agreed on a clean hydrogen supply deal which will see the latter build and operate a hydrogen plant at the former's blue ammonia plant project in Beaumont, Texas.
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YPF Energia Electrica is set to issue bonds to finance a new solar project the company is developing in Argentina.
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MPC Energy Solutions has started operations for its Santa Rosa and Villa Sol solar PV plants in El Salvador, which have a combined installed capacity of 21.3MW.
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Sustainability-focused investment firm Pacolet Milliken has formed a joint venture with Oregon-based Evensol, a developer of renewable biogas assets.
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Genneia is issuing green bonds for up to $80 million to finance a pair of renewable projects the company is developing in Argentina.
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Chilean small-scale developer oEnergy is growing its portfolio with a solar-plus-storage project.
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Spanish renewables firm Grenergy will develop three PV solar plants in Colombia.
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YPF’s power generation arm YPF Luz is set to start construction on the company’s fourth wind project in Argentina.
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Bioenergy developer Brasil BioFuels (BBF) has issued debentures to finance power plants in Northern Brazil.
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UK-based Atome Energy has inked a partnership agreement with Cavendish, the renewable energy arm of Grupo Purdy SA, in Costa Rica.
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Solar developer Erco Energia has landed $30 million to support the development of solar projects in Colombia.
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Peruvian investment promotion agency ProInversión has awarded two electricity transmission PPPs to Spain-based infrastructure company Acciona Concesiones.
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Chilean utility company Colbún and Japanese multinational Sumitomo will ally to study the feasibility of green hydrogen-to-ammonia projects in Chile.
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Norsk Solar has secured additional financing for a 18MW solar project the company is developing in Brazil.
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Allete is partnering with Grid United on a $2.5 billion transmission line between the states of North Dakota and Montana.
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Duke Energy Sustainable Solutions (DESS), a nonregulated commercial brand of Duke Energy, has placed the 120MW Jackpot Solar project in Twin Falls County, Idaho into commercial operation.
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The deadline to submit bids for New York’s third competitive offshore wind solicitation passed on 26 January, with Ørsted and BP among the bidders.
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Enel Green Power has brought the São Gonçalo III solar project in Brazil online.
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Fortescue Future Industries (FFI) has signed an MoU with US sustainable transport company Nikola to evaluate co-development opportunities for large-scale green hydrogen production in the US.
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The National Electric Coordinator has released its plans for a $279 million expansion of the transmission system in Chile.
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EDF and environmental services company Refocosta are partnering on the development of a biomass power plant in Colombia.
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Norwegian energy company Statkraft will abandon the building of a dam-toe hydroelectric plant in Chile out of respect for local indigenous communities, which consider the project site sacred ground.
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Enel Green Power has turned on the company’s first renewable distributed generation project located in the metropolitan region of Santiago.
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Brazilian solar energy provider Sun Mobi will set up a 5MW solar PV plant in São Paulo state.
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Anaergia has reached an agreement Canadian-owned Irving Oil to supply RNG to the energy company’s operations, including the Saint John refinery in New Brunswick.
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Spain’s Acciona Energia is planning to develop a 92MW solar project in Chile.
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Longroad Energy has started work on Sun Streams 3, a 285MWdc PV and 215 MWac/860 MWh storage project located in Maricopa County, Arizona.
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Unigel is planning a R$7.8 billion ($1.5 billion) investment in a green hydrogen complex the company is developing in Brazil.
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Lightsource bp has closed on a $267 million tax equity investment from Wells Fargo.
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Spanish renewables firm Grenergy’s 240MW Gran Teno solar farm in Chile will start operations “soon”, the company said on Friday (13 January 2023).
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State-owned hydro and utility company Urrá’s Aquasol solar complex is close to completion, the firm announced on Friday (13 January 2023).
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Texas-based Leeward Renewable Energy (LRE) has closed financing for its Chaparral Springs Solar + BESS facility located in Kern County, California.
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Colombia’s state-owned petroleum firm Ecopetrol has selected French-based energy producer Total Eren to build a 100MWp solar farm at its Rubiales oilfield.
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Chinese PV module manufacturer YuanTech Solar has obtained the Brazilian INMETRO certification which gives the company the opportunity to operate in the country’s renewable energy market.
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British geoscience company Getech and Canadian geothermal firm Eavor Technologies have signed a Strategic Collaboration Agreement to jointly locate and de-risk geothermal projects across Latin America.
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Canadian renewables developer Westbridge Renewable Energy Company has expanded its Sunnynook Solar PV project in Alberta to 330MWp.
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Oil and gas company BP has begun working on its 107MW Arche Solar project in Fulton County, Ohio.
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EverGen Infrastructure Corp. has secured a $31 million syndicated senior term loan facility from its existing lender Roynat Capital – a subsidiary of the Bank of Nova Scotia and Export Development Canada (EDC).
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Chilean state-owned mining company Codelco has signed a contract with local electricity utility AES Andes to replace coal supply at 2 mines with renewables.
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EnfraGen, a joint venture between Glenfarne Group and Partners Group, has announced the signing of an EPC contract with Chilean renewables firm Verano Energy to develop 8 PV projects in Chile.
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The move towards a greener US power industry proved to be more than rhetoric in 2022 as the prioritization of ESG initiatives turned into investments in clean energy and infrastructure.
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EDP Renováveis (EDPR) has secured financing to support the construction of 2 wind farms that the company is developing in Brazil.
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The interest rate rose with the Pink Tide this year, leaving many in the renewable project finance market stranded in Latin America. While Latin America shouldn’t be treated as a monolith – the continent comprises 33 countries including the Caribbean – the impact of political uncertainty, the reemergence of leftist governments, known as the Pink Tide, and rising interest rates were felt across jurisdictions.
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Emerald Solar Energy, a subsidiary of Polaris Renewable Energy, has landed a definitive concession in the Dominican Republic for a solar project.
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Brazilian development bank BNDES has agreed to finance the development of 1.5GW of renewable energy in Brazil.
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UGI Corporation has teamed up with Sevana Bioenergy and California Bioenergy (CalBio) to develop its second and third clusters of dairy manure waste-to-renewable natural gas projects in South Dakota through MBL Bioenergy.
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Brazilian development bank BNDES has granted UISA Geo Biogás an R$80 ($14.6m) million loan to construct an industrial unit producing biomethane and electricity from sugarcane residue.
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SPIC Brasil has landed financing for 3 wind projects the energy generation company is planning in the country.
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Miami-based private equity and infrastructure investment firm MGM Innova Capital has secured financing for 3 small hydroelectric assets the company is developing in Peru.
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US-based hedge fund Hedonova has invested $16 million into a Chilean energy storage plant.
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Brazilian development bank BNDES has granted local agro-industrial cooperative Copacol a R$28.3 million ($5.3m) loan to invest in PV solar panels for the company’s facilities in Paraná state.
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Ecoener has landed a definitive concession for the development of a solar project in the Dominican Republic.
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A subsidiary of JERA Corporation has agreed with EV fleets and battery storage specialist Zenobe Americas to jointly develop battery storage projects in 2 north eastern US power markets.
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Vision RNG has signed an RNG agreement with Kentucky-based Laurel Ridge Landfill, a subsidiary of Waste Connections.
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Mainstream Renewable Power is planning to develop a new utility-scale solar project in Chile.
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Brazil’s National Electric Energy Agency has awarded projects, in the last transmission auction of the year.
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New York-based DSD Renewables (DSD) has raised $155 million in debt financing for its first commercial and industrial (C&I) solar-asset-backed securitization (ABS).
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Enhanced Capital and Crossroads Impact Corp. have made a development capital investment in Solar Landscape, based in Asbury Park, New Jersey.
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SunVest Solar has closed a $113 million debt facility and $41 million of tax equity to support the construction and operation of a 56MW portfolio of solar projects in Illinois, Maine, Minnesota and Wisconsin.
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Oil and gas groups Eletrobras and Shell have signed an agreement to cooperate on offshore wind generation in Brazil.
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Colombia’s state-owned petroleum firm Ecopetrol announced today that it will invest between COP 5.9 trillion ($1.23bn) and COP 6.8 trillion in energy transition projects in 2023.
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Competitive Power Ventures (CPV) has selected Doddridge County in West Virginia to develop its carbon capture generation project.
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Leyline Renewable Capital closed its first international loan with Canadian renewable energy company Westbridge Renewable Energy Corp to support the 278MW Georgetown Solar project in southern Alberta.
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Denbury has announced the evaluation and development of CO2 sequestration sites in Mississippi and Louisiana.
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Dominican Republic power producer Empresa Generadora de Electricidad Haina (EGE Haina) has signed a concession agreement with the National Energy Commission (CNE) for the 90MWp PV Esperanza Solar Park.
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Ultium Cells, a joint venture between General Motors and LG Energy Solution, has received a $2.5 billion loan from the US government to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan.
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Shell and BP have completed negotiations with Trinidad and Tobago’s government to develop a 112MW AC/148MWp solar project.
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NineDot Energy – a developer of community-scale clean energy projects – has closed an $85 million construction-to-term debt facility.
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The provisional winning bids for the first offshore wind auction held on the US’ west coast totaled more than $700 million on December 7.
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Norwegian energy company Equinor has made a final investment decision on a solar project the company is developing in Brazil.
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Casa dos Ventos and Comerc Eficiência have signed a preliminary contract with the Port of Pecém for the development of green hydrogen.
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oEnergy, a small-scale solar developer operating in Chile, is developing a solar-plus-storage project in the region of Maule.
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North Carolina's Electric Cooperatives and FlexGen Power Systems have completed the battery energy storage project located at Randolph Electric Membership Corporation's Five Points substation.
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Enbridge and Oxy Low Carbon Ventures (OLCV) have signed a letter of intent to jointly develop a CO2 sequestration hub in the Corpus Christi area of the Texas Gulf Coast.
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Fotowatio Renewable Venture (FRV) – a part of Abdul Latif Jameel Energy – has obtained a preliminary environmental license to develop a new solar farm in Brazil.
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National Grid Renewables has started commercial operations at its Noble Solar and Storage Project in Denton County, Texas.
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Enel has landed COP$449 billion ($93.7 million) in financing from Bancolombia to support the company’s decarbonization strategy and electrification expansion.
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FirstEnergy Corp., through its subsidiary American Transmission Systems, (ATS), will build a 138 kV high-voltage transmission line in Lorain County, Ohio.
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Greenbacker Renewable Energy Company has completed the closing of a new $150 million senior secured sustainability revolving credit facility.
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Colombia’s National Authority of Environmental Licenses (ANLA) has granted the greenlight to four solar projects.
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Enel Green Power Chile has commenced construction on the 105.6MW La Cabana Wind Farm which includes a 34.3MW energy storage system using lithium batteries.
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Texas-headquartered Leeward Renewable Energy has closed financing for its Big Plain Solar facility located in London, Ohio, and its Oak Trail Solar facility located near Moyock, North Carolina.
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Colbún has started commercial operations of its solar-plus-storage project located in the region of Atacama.
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Chilean power generator Generadora Metropolitana is moving forward with its 640MW solar-plus-storage project.
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Revolve Renewable Power Corp plans to advance its Vernal BESS project to the next stage of the study process in early 2023 based on analysis of the results for the first phase of a 2022 Cluster 2 study.
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Spanish renewable developer Solarpack has landed financing for a pair of solar assets the company is planning in Colombia.
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The Inter-American Development Bank (IDB) has agreed to finance a 544km transmission line between Ecuador and Peru.
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Enerfin do Brasil has signed a public-private partnership with the government of Pernambuco for the development of solar generation in the Brazilian state.
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Atlas Renewable Energy has thrown the switch on its 300MW Mexican solar PV plant – La Pimienta in the state of Campeche – which is now fully operational.
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Engie Energía Chile is planning to develop a new utility-scale wind project in the Antofagasta region.
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France’s TotalEnergies has agreed to develop a wind project off the coast of the state of Rio de Janeiro in Brazil.
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Brazilian power generator Eneva has received the greenlight from electric energy agency Aneel to start operations of its Parnaíba V power plant.
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The Inter-American Development Bank and the World Bank have committed up to $750 million in green hydrogen financing in Chile. The pair signed an agreement with Chile’s economic development agency, Corfo.
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ArcLight-backed renewable developer Infinigen Renewables has secured financing for its renewable pipeline in Puerto Rico.
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Ecuador’s Ministry of Energy and Mines has received offers for about 700MW of new renewable energy projects for its upcoming auction.
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The Dominican Republic’s National Energy Commission (CNE) has granted a pair of definitive concessions for energy projects on the island.
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Ibitu Energia has secured financing for the Caldeirão Grande II solar project the company is developing in Brazil.
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AES Corporation's clean energy business in the US has entered a $1.7 billion warehouse credit facility, which will advance the construction of 3GW of renewable energy projects across nine states.
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Renewable developer Atiaia Renováveis is partnering with glass manufacturer Vivix Vidros Planos on a solar project in Brazil.
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Minnesota Power – the utility division of Allete Inc – has decided to significantly increase the amount of renewable energy it provides over the next 15 years after reaching an agreement with stakeholder groups, including clean energy organizations, labor and host communities.
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Oya Renewables, the clean energy developer and independent power producer, has entered into a joint venture with energy company Oil Wells Shares (OWS) to develop and construct 3GW of community and utility-scale solar, wind and energy storage infrastructure projects.
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Battery Energy Storage System (BESS) provider On.Energy has added 39MWh of on-site storage at 11 airports across Latin America, in collaboration with Skysense.
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Argentine developer Genneia is issuing local green bonds to finance solar and wind projects the company is developing in the country.
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Spanish independent power producer Ecoener has landed a definitive concession for a solar project in the Dominican Republic.
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Westbridge Renewable Energy's subsidiary Georgetown Solar has been given the go-ahead for its flagship Georgetown Solar + Energy Storage Project by the Alberta Utilities Commission (AUC).
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Ibitu Energia has brought online the first phase of its Caldeirão solar complex in Brazil.
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EE North America has partnered with Elio Energy to develop a pipeline of 2GW of solar power generation and energy storage assets in Arizona and surrounding states.
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Australia's Fortescue Future Industries (FFI) and Enel Green Power (EPG) have partnered to explore the co-development of a green hydrogen value chain in Latin America and Australia.
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Swift Current Energy has secured project financing for an almost 200MW wind project the company is developing in Texas.
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oEnergy is planning to develop a solar-plus-storage project in Chile.
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Brazil’s National Electric Energy Agency (Aneel) has approved the public notice for the second transmission auction the agency is holding this year.
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Eolica Coromuel – a Eurus Energy America Corporation subsidiary – has started commercial operation of Baja California Sur’s first wind generating facility.
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IDB Invest is preparing an up to $60 million debt package to support green projects in Costa Rica.
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The Canada Infrastructure Bank (CIB) has teamed up with Ontario Power Generation (OPG) and committed $970 million towards Canada’s first small modular reactor (SMR).
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The government of Ceará has signed a pair of memoranda of understanding for the production of green hydrogen in the state.
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The Maine Public Utilities Commission has chosen LS Power Grid Maine to build a new transmission solution to deliver renewable energy from Aroostook County, Maine, into the New England grid.
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TC Energy and 3 Rivers Energy have partnered on a $29.3 million investment to construct and operate an anaerobic digestion and biogas upgrading plant for the Jack Daniel Distillery in Tennessee.
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Brazilian renewable developer Casa dos Ventos has landed financing for a portfolio of wind farms in the state of Bahia.
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Swiss-based Advanced Power has closed on a $60 million capital facility through Crédit Agricole Corporate and Investment Bank (CIB).
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Uruguay has issued a sovereign sustainability-linked bond (SSLB), the country's first ESG-linked bond and second-ever sovereign issuance of the sort.
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Spanish group Uriel Inversiones, through its renewable arm Uriel Renovables, is planning a utility-scale solar project in Chile.
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Invenergy has reached commercial operations at the Energía del Pacífico (EDP) LNG-to-power project at the Port of Acajutla in El Salvador.
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Brazilian electric utility Copel, through its subsidiary Copel Geração e Transmissão (Copel GeT), has started commercial operations of its Jandaíra wind complex.
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EDF Renewables North America and Old Dominion Electric Cooperative (ODEC) have started construction activity on local solar power projects with an aggregate capacity of 22.5MW, as part of the first phase of projects across the co-operative’s member service territories in Virginia and Delaware.
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Norwegian energy company Statkraft is planning an almost 250MW solar project in Chile.
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A subsidiary of InterEnergy has requested financing from IDB Invest for green energy projects in the Dominican Republic.
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AES Andes is planning to repurpose one of its coal-fired power plants in Chile to develop renewable energy.
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Engie Energía Chile has submitted a new wind project that the company is planning to develop for environmental review.
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French renewable energy company Voltalia has commissioned the 320MW SSM1&2 solar farm in Rio Grande do Norte in Brazil.
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Independent power trader Comerc Energia has completed 2 separate issuances of debentures to finance solar assets in Brazil.
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Rhode Island Energy has issues the RFP to solicit an additional 600-1,000MW of offshore wind to boost the state’s energy needs.
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H2 Green Steel and Hydro Havrand have signed an agreement to explore opportunities for developing large-scale green hydrogen production facilities for off-takers in Brazil and the Nordics.
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Spain’s Iberdrola and Sempra Infrastructure have signed an agreement for the joint development of hydrogen and green ammonia projects in the US to be powered by renewable sources.
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Brookfield Renewable has agreed to partner with InterEnergy Group to develop renewable energy across Latin America.
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Geo Biogás & Tech (formerly GEO Energética) and Grupo Crivellaro have secured financing for a biogas project the pair is partnering on in Brazil.
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Engie has received environmental approval for the expansion of a wind project the company is planning in Chile.
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Transmisora Colombiana de Energía (TCE) has secured financing to complete the construction of a transmission project in Colombia.
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Leeward Renewable Energy announced that construction has commenced on its Oak Trail Solar facility near Moyock, North Carolina.
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Enel Green Power has withdrawn the Faro del Sur wind project the company is developing in Chile from environmental review.
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Leyline Renewable Capital announced an early-stage growth capital investment for Navitas Energy to develop 500MW to 1GW of standalone storage in the ERCOT market within the next 5 years.
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The French independent power producer Total Eren is entering the Dominican renewables market with its first solar project on the island.
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EDP Renewables North America (EDPR) has commenced the construction of its 202MW Indiana Crossroads II Wind Farm in White County, Indiana.
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The Arkansas Public Service Commission has approved Entergy Arkansas’ Driver Solar project to be developed by Lightsource BP on nearly 2,100 acres near Osceola in Mississippi County.
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German renewables developer Energy Kitchen has received the greenlight to proceed with a duo of wind projects the company is planning in Chile.
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Private equity firm Actis has added to its existing position in Brazilian renewable developer Omega Energia.
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French construction company Vinci has signed a public-private partnership for a transmission project in Brazil.
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The Canada Infrastructure Bank (CIB) has launched its C$500 million (US$365 million) zero-emission vehicle (ZEV) charging and hydrogen refuelling infrastructure initiative (CHRI).
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Engie Brasil Energia has hired Vestas for the initial supply, installation, operation and maintenance on parts of Latin America’s largest wind project.
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Neoenergia is the latest company to subscribe to the green hydrogen agenda of the Brazilian state of Rio de Janeiro.
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CGN Brasil Energia, the Brazilian renewables subsidiary of China’s CGN Energy, is partnering with mining company Sul Americana de Metais (SAM) on the development of solar energy in Brazil.
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IDB Invest and the International Finance Corporation (IFC) have signed on to the Renewstable Barbados project.
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Rev Renewables, a subsidiary of LS Power, has closed on the refinancing of a portfolio of battery storage projects in California totaling 615 MW.
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Chilean renewable developer oEnergy is expanding its portfolio with a 30MW solar project.
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A $550 million portfolio-level debt package that has been arranged for a Spanish-owned renewables developer is hitting the market this week, with the term sheet finalized.
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Renewable developer Renova Energias is planning a new small-scale solar plant in Chile.
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Lightsource bp has reached financial close for the first time in Brazil with the Milagres solar complex.
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The Ministry of Mines and Energy is launching a 5-project tender for electric transmission in Peru.
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Petroquímica Comodoro Rivadavia’s renewable business, Luz de Tres Picos, plans a bond issuance to finance a pair of Argentinian wind farms the company is developing.
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AES Brasil is the latest company to sign on to the green hydrogen hub to be developed in the state of Ceará.
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Chile’s National Electric Coordinator (CEN) has awarded transmission projects in a tender launched earlier this year.
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Solarpack has finalized a concession agreement for the El Aromo solar project in Ecuador, officially moving forward with the project’s development.
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French renewable developer GreenYellow has secured financing for 11 small-scale solar projects the company is developing in Brazil.
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Greenbacker Renewable Energy Co has secured a $186 million credit agreement to finance a pair of solar projects in South Dakota and Montana.
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Energy company Terra-Gen has closed financing for the second phase of its mammoth Edwards Sanborn solar and storage project in California.
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Clēnera has secured financing for a solar project the renewable energy company is developing in the state of Montana.
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A Chilean sponsor is planning a 95.2 MW wind project in the region of Ñuble.
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Argentine electric utility Edenor is preparing its second bond issuance in the local market this year, scheduled for September 22.
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Fundamental Renewables, a renewable energy financier, has secured a $400 million credit facility to support the company’s operations.
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Argentina’s Petroquímica Comodoro Rivadavia (PCR) is expanding a wind project the company is developing with steel manufacturer ArcelorMittal Acindar.
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Spanish solar developer Solarpack has landed a definitive concession for the development of a solar farm in Peru.
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EDF Renewables has inked a memorandum of understanding (MoU) with Prumo Logística, a transportation and energy conglomerate in Brazil.
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Chilean PMGD developer Blue Light Energy has started the permitting process of a small-scale solar project that the company is planning in the metropolitan region of Santiago.
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Powertis, the project development arm of Spanish solar tracker manufacturer Soltec, has commissioned the company’s first solar project in Brazil.
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Chemical company Linde has unveiled plans to build a 35 MW proton exchange membrane electolyzer (PEM) for the production of green hydrogen in Niagara Falls, New York.
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Enel Green Power has received the greenlight to commence commercial operations of the Sol de Lila solar park in Chile.
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South Korean-owned energy company Qcells USA has closed on a $150 million financing to support the outfit’s buildout of its project pipeline.
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A US solar and battery storage developer is preparing to put a $550 million debt package on the market to support its 33 GW pipeline of solar and storage projects in the US.
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Onyx Renewable Partners has closed on a revolving credit facility that will support the energy company’s development of solar projects.
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Brazilian power generator Eneva is planning to issue R$1.9 billion ($362.7 million) in debentures to refinance three of the company’s projects.
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Brazilian energy company Raízen has formed a partnership to produce renewable hydrogen from ethanol.
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Colombian power producer ISAGEN has started construction of the Sabanalarga solar project.
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Neoenergia has signed a memorandum of understanding (MoU) with the state government of Rio Grande do Sul in Brazil for the development of green hydrogen and offshore wind.
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Brazilian solar developer GDSun has secured R$325 million ($62.7 million) in debentures to finance the company’s development pipeline.
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Arevon Energy has closed a $400 million green loan fund credit facility to finance its 6 GW solar and storage development project pipeline in the US.
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Colbún is seeking environmental approval for a 472.5 MW wind project the independent power producer will develop in Chile.
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The Port of Suape, located in the state of Pernambuco, is calling on all interested parties to submit proposals for the development of a green hydrogen plant.
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The Ministry of Energy and Mines of Ecuador has identified 10 hydroelectric projects to add to the country’s energy matrix.
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A regional subsidiary of Eletrobras has begun construction on a wind farm located in the state of Rio Grande do Sul after receiving approval from Brazil’s power regulator ANEEL.
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Uruguay’s Ministry of Industry, Energy and Mining has pre-selected nine projects to benefit from the $10 million Green Hydrogen Sector Fund created earlier this year.
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Amp Energy has landed tax equity and debt financing for a 61 MW solar-plus-storage portfolio in New York state and Massachusetts.
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Cemig, through its subsidiary Cemig Geração e Transmissão (Cemig GT), is planning to develop two new solar projects in the state of Minas Gerais.
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Brazilian developer Orion-E and energy trading company Bolt have agreed to partner on solar projects in Brazil.
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Chilean PMGD developer Energy Lancuyen has submitted a small-scale solar project to Chile’s Environmental Evaluation Service.
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AES Brasil and Grupo Unipar have completed their joint venture agreement that will see the pair develop a wind project in Brazil.
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Celepsa, the power producer subsidiary of Grupo Unacem, has secured a green loan to refinance a hydroelectric power plant the company is operating in Peru.
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Fervo Energy has raised $138 million in a new funding round to support the company’s geothermal portfolio and development pipeline.
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EDP Renewables is growing its renewable portfolio in Chile with a new 190 MW solar project submitted for environmental review.
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A joint venture between Repsol and Ibereólica has secured a project finance debt raise for the construction and operation of a wind project the platform is developing in northern Chile.
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Enel Green Power Chile has begun commercial operations for the first hybrid renewable project in Chile.
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Cypress Creek Renewables has secured an additional $46.9 million loan to finance the company’s construction of a solar-plus-storage asset in Texas’ ERCOT market.
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Trinergy, a Tritec-Intervento company, has submitted a small-scale solar project for environmental review in Chile.
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Washington Global Capital Finance and Bas Corporation have started construction of two solar assets in the Dominican Republic.
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Pine Gate Renewables has secured tax equity financing for an almost 80 MW project the company is developing in North Carolina.
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Engie Energía Perú has secured financing from IDB Invest for a wind farm the French renewable company is developing in Peru.
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Chilean energy company Colbún has submitted a 370 MW solar project to Chile’s Environmental Evaluation Service.
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Colombian energy distributor Air-e has signed a memorandum of understanding (MoU) with France's EDF Renewables that will see the two companies co-develop wind projects in the country.
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Connor, Clark & Lunn Infrastructure (CC&L Infrastructure), together with CarbonFree Technology, has closed a $360 million financing for their PMGD solar portfolio in Chile.
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Innergex Renewable Energy has completed a $803.1 million refinancing of the non-recourse debt of its Chilean portfolio, a deal the company says is Latin America's largest private placement in recent history.
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New Fortress Energy has entered into an agreement with Plug Power to develop a 120 MW green hydrogen plant in Texas.
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Enel Green Power and HIF Energy have submitted a wind project that the duo is developing in Chilean Antarctica for environmental review.
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Paraguay’s Administración Nacional de Electricidad (ANDE) has greenlit the construction of the first solar asset in the country.
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Neoenergia, Iberdrola’s Brazilian subsidiary, has commenced commercial operation of the Luzia solar complex located in the state of Paraíba.
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Apex Clean Energy has closed a $650 million refinancing of corporate debt as the company looks to transition its business model towards becoming an independent power producer.
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Chile is retiring three coal-fired power plants with a combined installed capacity exceeding 380 MW as part of its plan to decarbonize the country's power grid.
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Chile’s National Energy Commission (CNE) has selected winners in the renewable power auction the government launched in February.
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Brazilian developer 2W has secured long-term financing for its Kairós wind complex located in the state of Ceará.
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Brazil’s Eneva has landed a R$300 million ($57.7 million) financing to support a massive solar complex the company is developing in the state of Bahia.
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A subsidiary of Altius Renewable Royalties and Apollo Global Management has made a $40 million royalty investment in a solar and storage developer to finance its project portfolio.
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The Ministry of Mines and Energy has signed a memorandum of understanding with the United Arab Emirates to foster cooperation within the energy sector in both countries.
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Norsk Solar has secured financing for part of a 37 MW solar complex the Norwegian developer is building in Brazil.
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Enel Colombia has landed a COP 411 billion ($93.4 million) sustainability-linked financing from Bancolombia.
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Broad Reach Power has closed a $160 million project financing for a 18-project portfolio of battery storage projects in Texas and California.
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The Inter-American Development Bank (IDB) has approved a $1.14 billion credit line to support the decarbonization of Argentina’s energy sector.
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Orion Power is planning a new addition to its small-scale solar portfolio in Chile.
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