Project Finance

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.

Brazilian development bank BNDES has agreed to two loans to finance biogas assets located in the state of Sao Paulo in Brazil.

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.

Norwegian energy company Statkraft is planning to develop a hybrid solar and wind project, adding 440MW to its renewable pipeline in Chile.

Denmark’s Copenhagen Infrastructure Partners (CIP) will invest $10 billion into a green hydrogen project in Mexico.

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.

Lummus Technology and Toshiba Energy Systems & Solutions Corporation (Toshiba) have entered an agreement to jointly develop carbon capture projects in the US.

Renewable power producer Qair has received a loan from Sudene’s Northeast Development Fund (FNDE) for two solar projects in Brazil.

The Inter-American Development Bank (IDB) has launched IDB Clima, a financial initiative to support successful green initiatives across Latin America.

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.

Brazilian development bank BNDES has signed a memorandum of understanding (MoU) with the World Bank to support low-carbon hydrogen initiatives in Brazil.

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.

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.

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.

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.

Enel is planning to invest $5.7 billion across its core markets in Latin America for the period 2024-2026.

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.

Infinium's first-of-its-kind efuels project for sustainable aviation fuel (SAF) has received a $75 million equity investment commitment.

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.

AES Andes has secured environmental approval to move forward with its project to repurpose a coal-fired facility for energy storage in Chile.

Atlas Renewable Energy has landed a $448 million (R$2.18 billion) financing from development bank BNDES for a solar complex in Brazil.

French renewables developer CVE is adding a small-scale solar project to its pipeline in Chile.

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.

Renewables company Brightcore Energy and clean power business Altus Power have joined forces to develop a 16,000-panel solar project spanning 19 properties.

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.

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.

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.

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.

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.

Ameresco is to build a 50MW/200MWh battery energy storage system (BESS) for CAISO utility Silicon Valley Power (SVP) in Santa Clara, California.

Renewable developer Longroad Energy has secured $600 million in debt financing for its wind, solar, and battery portfolio across the US.

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.

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.

GE Vernova’s power conversion business and Next Hydrogen Solutions have signed a memorandum of understanding for green hydrogen production.

GTI International subsidiary Projeo Corporation has been awarded $38 million from the US Department of Energy (DOE) for its Phoenix Project.

Recurrent Energy has secured a R$490 million ($100 million) financing for a 300MW solar asset the company is developing in Brazil.

Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the first transmission auction to be held in 2024.

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.

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.

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.

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.

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.

Santiago-based renewable developer Blue Light Energy has started the permitting process for a solar-plus-storage asset in Chile.

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.

Among the many hurdles the offshore wind sector is facing, the lack of guidelines for tax credits guidelines remains one of the most convoluted.

Chilean renewables developer Eactiva is planning to develop a duo of solar projects, adding 28MW to its development pipeline.

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.

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.

LS Power is set to invest up to $400 million into green hydrogen projects developed by Monarch Energy.

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.

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.

Swiss fund manager SUSI Partners is expanding the company’s partnership with Chilean developer BIWO Renovables adding two projects to their shared portfolio.

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.

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.

The Department of Energy (DOE) has provided $444 million to fund 16 carbon storage and management projects across the US.

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.

Chilean utility Colbún is partnering with UK cleantech firm RheEnergise to develop an energy storage facility.

Online retail giant Amazon is expanding the company’s renewable energy portfolio with the company's first wind project in South America.

Energyquil has signed a concession agreement for the installation, operation and maintenance of a gas-fired power plant in Ecuador.

Siemens Gamesa Renewable Energy has pulled out of its $200 million Portsmouth, Virginia, offshore wind blade manufacturing facility, citing turbulence in the industry.

Austin, Texas-based developer Cielo Wind has landed approval for a wind project the company is working on in Chile.

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.

Argentina’s Secretariat of Energy is seeking expressions of interest to develop energy storage system projects in the country.

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.

French energy company Engie is issuing R$2.5 billion ($507 million) in debentures to refinance assets in Brazil.

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.

FirstEnergy is planning a 5-year, $935 million transmission infrastructure upgrade in New Jersey.

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.

New Fortress Energy has secured financing for its 630MW Barcarena power plant in Brazil.

Brazilian developer Órigo Energia has landed financing for a portfolio of small distributed solar generation assets.

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.

Brazilian power generator Eneva has received financing for one of its Parnaíba gas-fired power plants located in the state of Maranhão.

Renewable energy infrastructure company Talus Renewables has raised $22 million in its Series A financing for production of its green ammonia technology.

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.

D.E. Shaw Renewable Investments (DESRI) has begun operations on its 100MW solar energy farm in Imperial County, California.

Chilean sponsor Blue Light Energy is planning a solar-plus-storage project in the region of Los Lagos, Chile.

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.

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.

Longroad has financially closed and commenced construction on Sun Streams 4, the company’s third project in the Arizona-based Sun Streams complex.

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.

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.

Canadian Solar is building a 5 GW solar PV cell production facility sited at Jeffersonville, Indiana’s River Ridge Commerce Center.

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.

Peru’s investment promotion agency ProInversión has awarded a duo of transmission projects totaling $800 million in investments.

Distributed generation platform Aspen Power has completed construction on 14 solar projects acquired from Georgia’s Inman Solar.

EDP and ArcelorMittal have signed a memorandum of understanding (MoU) that will see the two cooperate on the development of green hydrogen in Brazil.

IDB Invest has proposed a $50 million loan to develop a solar energy project in the Dominican Republic.

Competitive Power Ventures (CPV) has brought online its 1.25GW natural gas fired Three Rivers Energy Center in Grundy, Illinois.

Chilean developer Sphera Energy is planning to develop a utility-scale solar project in the region of Ñuble, Chile.

French construction company Vinci has won two contracts to carry out engineering, procurement, and construction (EPC) services for transmission projects in Brazil.

John Cockerill Hydrogen, an electrolyzer manufacturer, has purchased a manufacturing space in Texas to create an electrolyzer gigafactory.

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.

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.

French developer Engie has secured approval to move ahead with its Libelula solar project in Chile.

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.

DE Shaw Renewable Investments (DESRI) has begun construction on its 200MW/400MWh San Juan 1 solar and storage project in New Mexico.

French developer Voltalia has started commercial operations of its Canudos 1 and 2 wind farms in Brazil.

Rise Light & Power and Corio have purchased stakes in TotalEnergies's 3GW Attentive Energy offshore wind farm, paying a total of $420 million.

French renewable developer CVE is expanding the company’s Chilean pipeline with a duo of solar projects.

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.

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.

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.

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.

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.

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.

German developer Soventix is planning a utility-scale project in the metropolitan region of Santiago, Chile.

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

Oil and gas company Petroquímica Comodoro Rivadavia (PCR) has brought online a trio of wind farms in Argentina.

Opdenergy has secured $252 million in financing for two under-construction solar projects, totaling 260MW, in West Virginia and Louisianna.

Australia’s Fortescue has secured rights to develop a wind farm in the Rio Negro province of Argentina.

French solar developer GreenYellow is partnering with Exata Energia to develop distributed generation assets in Brazil.

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.

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.

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.

Vector Renewables has agreed to take over the management of assets of OBTON’s first photovoltaic solar plants in Chile.

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.

Mexican solar distributed generation developer Energía Real has landed financing from Banco Sabadell.

Origis Energy has started construction on the first of three projects in Mississippi with a total capacity of 550MW plus 150MW of battery storage.

Renewables developer oEnergy is planning a $60 million project that will see that company add a solar-plus-storage facility to its Chilean portfolio.

Evergrow has completed the funding of a clean energy tax credit transfer on its platform as new players emerge in the tax equity space.

France’s Engie and Spain’s Opdenergy are planning to develop wind and solar projects in Chile.

Californian energy producer, Aera Energy, is preparing first large-scale carbon capture and storage project (CCS) – CarbonFrontier.

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.

E-fuel producer HIF Global is planning a $830 million large-scale e-fuel project in Chile.

Power producer MSU Energy is issuing green bonds for a 137MW portfolio of solar projects the company is developing in Argentina.

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.

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.

French utility EDF Renewables is planning a 144MW wind project in the region of Bío Bío in Chile.

Brazil’s Petrobras and mining company Vale are partnering to develop low-carbon solutions including sustainable fuel opportunities.

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.

Renewable energy company BayWa r.e., through its subsidiary BayWa r.e. Solar Trade, has opened a solar distribution center in Medellín, Colombia.

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.

AES Brasil has started commercial operations of its Tucano wind farm located in the state of Bahia.

Peru’s investment promotion agency ProInversión is planning to award a duo of transmission projects totaling $800 million in investments on October 27, 2023.

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.

The Asian Infrastructure Investment Bank (AIIB) has agreed to finance a wind project in the province of Tierra del Fuego, Argentina.

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.

Colombian power producer Isagen has landed financing to support the development of the company’s Sabanalarga solar project.

Atlas Renewable Energy has brought online its Lar do Sol and Casablanca solar projects, adding 600MW to the Brazilian grid.

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.

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.

YPF and renewable subsidiary YPF Luz have signed a memorandum of understanding (MoU) with Korean steel producer Posco for green hydrogen developments in Argentina.

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.

Neoenergia, the Brazilian energy distributor owned by Iberdrola, has entered a joint venture with renewables company Comerc Energia to develop distributed generation in Brazil.

EDPR North America Distributed Generation (EDPR NA DG) has closed the latest of its series of sale-leaseback transactions with Flagstar Financial & Leasing.

Infrastructure investment manager SUSI Partners has landed financing for a 107MW portfolio of solar assets in Chile.

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).

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.

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

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

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

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

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

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

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

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

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

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

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.

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.

Sunnova Energy Corporation intends to offer a $400 million green bond to finance or refinance existing and new projects.

Energy Head is planning to develop a solar-plus-storage facility in the region of Valparaíso, Chile.

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.

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.

Spanish renewables developer Ecoener has started commercial operations of two solar projects in the Dominican Republic.

Recurrent Energy, the solar and storage developer and owner, has closed on a $200 million project financing for the 134MW Liberty Solar project.

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.

Finnish investor Korkia is partnering with Chilean developer Ciudad Luz to develop renewable projects in Chile.

A pair of Spanish sponsors are expanding their renewable operations in Chile, adding solar projects to their respective pipelines in Chile.

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.

Casa dos Ventos Holding, Petrobras and TotalEnergies have signed a memorandum of understanding (MoU) that will see the trio collaborate on renewables in Brazil.

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.

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.

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.

Petrobras is planning to develop 23GW of offshore wind projects along the Brazilian coastline.

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.

UK-based energy producer Sonnedix is planning a wind project in the region of Coquimbo, Chile.

Ocean Winds has signed a memorandum of understanding (MoU) with transportation and energy conglomerate Prumo Logística to collaborate on offshore wind generation in Brazil.

Foss & Company has launched a standalone battery storage investment division, which highlights the company's increasing focus on battery energy storage systems (BESS) projects.

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.

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.

The National Energy Commission (CNE) has granted a permanent concession to AES Dominicana for a renewable project in the Dominican Republic.

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.

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.

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.

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.

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.

A Chilean sponsor is planning a utility-scale solar-plus-storage project located in the region of Atacama, Chile.

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.

IKEA’s financial arm, Ingka Investments, has joined Apex Clean Energy in developing Cameron Storage, the company’s first-ever battery storage project.

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.

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.

EDF Renewables has started construction on the company’s third wind farm in the state of Bahia.

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.

Renewable energy company RWE Clean Energy has commenced construction on its 200MW Montgomery Ranch Wind Farm in Foard County, Texas.

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%.

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.

EDF Renewables has started commercial operations of Phase 1 of its Serra do Seridó wind farm in Brazil.

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.

Brazil’s National Electric Energy Agency (ANEEL) is preparing for the first transmission auction to be held in 2024.

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.

Rialma Administração e Participações is set to win an additional transmission lot in Brazil’s June auction after the original winner was disqualified.

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.

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.

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.

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.

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.

Enel Green Power has started commercial operations on a utility-scale wind project in Chile.

Peru's ProInversión has granted transmission projects totaling $118 million in investments.

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.

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.

ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) is being considered for one of the unawarded lots in Brazil’s June transmission auction.

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.

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.

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.

Brazilian development bank BNDES and the China Development Bank have signed a $500 million loan agreement to finance projects across Brazil.

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.

Swedish battery manufacturer Northvolt has raised a $1.2 billion convertible note to finance its expansions plans in Europe and North America.

Spanish renewable developer Grenergy is planning to develop a utility-scale solar project located in the region of Maule in Chile.

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.

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.

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.

The Superintendency for the Development of the Northeast (Sudene) has provided financing for several projects, including renewable generation and transmission, in Brazil.

Xcel Energy has filed the paperwork on an upgrade of nearly 100 miles of transmission line in Minnesota and eastern South Dakota,

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.

Leeward Renewable Energy (LRE) has concluded construction and begun commercial operation of its 100MW Oak Trail Solar project sited near Moyock, North Carolina.

EDF Renewables is the latest international renewable energy company to join the green hydrogen developments in the state of Ceará.

Peruvian investment promotion agency ProInversión is tendering five transmission projects in Peru.

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.

Santiago-based developer Andes Solar is planning a utility-scale solar asset in the O'Higgins region of Chile.

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.

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.

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.

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.

Greenbacker Capital Management (GCM) has completed, through an affiliated investment vehicle, a $148 million tax equity financing commitment with RBC Community Investments.

Engie Energía Chile has submitted the Loma Verde wind project for environmental review in Chile for a second time.

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.

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.

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.

Walmart Chile has started commercial operations on one of the first industrial green hydrogen plants in Latin America.

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.

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.

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.

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.

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.

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.

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.

AES Andes has reached commercial operation of Andes Solar IIb, the largest solar battery storage project in Latin America.

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.

Colombian power company Isagen has announced a partnership with Atlas Renewable Energy to develop solar projects.

Three joint-ventures (JV) for New Jersey's third offshore wind solicitations have been identified.

Public utility Empresa Generadora de Electricidad Haina (EGE Haina) has completed its 90MW Esperanza Solar Park in the Valverde Province, Dominican Republic.

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.

The Saudi Fund for Development (SFD) will loan $77 million to the construction of a 60MW Central American solar plant.

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.

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.

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.

Mexico’s Comisión Federal de Electricidad (CFE) landed a $333.6 million financing for seven hydroelectric plants.

Minnesota Power and Great River Energy's joint transmission project, Northland Reliability Project, has reached another step in the state regulatory process.

Brazil is set to be a beneficiary of EDP’s planned €2.5 billion investment across distributed solar.

The US International Development Finance Corporation (DFC) has signed a commitment letter to finance a solar project in Ecuador.

ICE Thermal Harvesting has closed on a $150 million credit facility with Gardner Capital Specialty Capital.

The Department of Energy has granted $453.5 million to finance solar generation and battery storage in Puerto Rico.

Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the second transmission auction of 2023.

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.

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.

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.

Brazilian development bank BNDES is dedicating an additional R$1.5 billion ($313 million) to support the biofuel sector in Brazil.

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.

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.

Peruvian investment promotion agency ProInversión has awarded the Piura Nueva – Frontera transmission PPP that will interconnect Peru and Ecuador.

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.

Orion Power is adding a solar-plus-storage asset to the company’s development pipeline in Chile.

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.

Chile’s national oil company ENAP has signed an agreement with several energy companies to develop a green hydrogen industrial complex.

Iberdrola-owned Avangrid has completed its offshore substation for the 800MW Vineyard 1 wind project, off the coast of Massachusetts.

The government of Ecuador will attempt to procure the Cardenillo and Santiago hydro projects by early next year.

Synthica, a renewable natural gas company, has started construction of its new RNG facility sited in St Bernard, Ohio.

Solar developer SUNfarming has secured a definitive concession for the development of a 50MW solar project in the Dominican Republic.

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.

Clearway Energy Group has closed a $421 million financing for its 147MW/588MWh Rosamond Central BESS project in Kern County, California.

Battery storage specialist Spearmint Energy has begun commissioning activities at its Revolution project, a 300MWh battery energy storage facility.

Summit Ridge Energy has completed its first 2 of 4 energy storage systems (ESS) in New York City.

German renewable developer Uka Group is planning a utility-scale solar asset in Chile.

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.

Puerto Rico has started the bidding process of the third tranche of its 6-tranche renewable energy procurement process.

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.

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.

Invenergy has started commercial operations on its 200MW Calhoun Solar Energy Center in Michigan – the firm’s first project completed in the state.

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.

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.

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).

Miami-based developer Atlas Renewable Energy is planning a utility-scale solar project in Chile.

EDP is planning to invest around R$530 million ($110 million) in distributed solar generation in the center of Brazil.

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.

Renewables developer Cox Energy is adding a solar project to the company’s Chilean pipeline.

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.

TPG-backed Matrix Renewables has purchased the 284MWdc Stillhouse Solar Project from OCI Solar Power.

The European Investment Bank (EIB) has signed an agreement to finance the solar sector in Brazil.

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.

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.

Alaska Renewables, a start-up developer, is negotiating with the Alaska Mental Health Trust to develop a 235MW wind farm on trust land.

North Indiana Public Service Company’s (NIPSCO) first two Indiana-based solar projects are now online and in full operation.

French renewable power company Voltalia has commenced operations of its 260MW solar plant located in the Serra Branca, Brazil.

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).

Pattern Energy has completed construction and begun operation at its 150MW Lanfine Wind power project in Alberta, Canada.

Xcel Energy has received approval from state regulators to construct a multi-day energy storage system at the site of a retiring coal plant.

EVLO Energy Storage, the battery energy storage systems developer subsidiary of Hydro-Québec, has launched its first utility-scale storage project in the US.

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.

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.

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.

Renewables developer Genneia is issuing green bonds to refinance a trio of assets in Argentina.

DE Shaw Renewable Investments (DESRI) has reached financial close on its San Juan 1 project, a 200MW solar farm with 100MWac battery storage facility.

Spanish infrastructure firm ACS has signed a concession for the construction of the largest wind project in Ecuador.

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.

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.

The Ontario government has begun pre-development work siting the first large-scale nuclear build in more than 30 years.

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).

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.

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.

AES Dominicana Renewable Energy is seeking financing from IDB Invest to support the company’s renewable expansion in the Dominican Republic.

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.

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).

Spanish renewables developer Grenergy has landed financing for two solar assets in Chile.

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.

Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the first transmission auction of the year.

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.

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.

The World Bank has approved a series of loans to Argentina, including a $400 financing to expand access to clean energy in the country.

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.

Hawthorn Renewables has pledged $250 million into building solar projects across the US in the next four years.

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.

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.

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.

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.

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.

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.

The Development Bank of Latin America (CAF) has approved a loan to finance distribution networks in Ecuador.

Recurrent Energy, a development company owned by Canadian Solar, has secured a €150 million multicurrency facility with Santander Corporate & Investment Banking.

Orion Power is planning to develop a solar-plus-storage asset in the region of O'Higgins in Chile.

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).

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.

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.

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.

Strata Clean Energy has closed on tax equity investments to fund two standalone battery energy storage systems.

Chilean developer Blue Light Energy is working on a utility-scale solar project in the region of Maule.

Altus Power, an independent developer, owner, and operator of commercial-scale solar, has secured $47 million in financing from Blackstone.

Engie Energía Chile is planning a $230 million wind project in the region of Biobío.

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.

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.

Norwegian renewables firm Norsk Solar has made a final investment decision (FID) on the construction of 3 solar PV plants in Brazil.

Czech renewables developer Solek is entering the renewables market in Colombia with two solar projects.

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.

HIF Global is to develop an eFuels project in Paysandú, Uruguay – expanding its presence in the country.

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.

Community solar specialist Nexamp has secured more than $400 million in tax equity and debt commitments led by US Bancorp Impact Finance and MUFG.

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.

The Inter-American Development Bank (IDB) has approved a $400 million loan to support the development of green hydrogen in Chile.

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.

North American renewables and storage developer Nexus Renewables announced the closing of multiple financings totaling $40 million.

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.

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.

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.

The National Energy Commission (CNE) has granted two definitive concessions to the Cotoperí project in the Dominican Republic.

The US International Development Finance Corporation (DFC) is interested in providing financing for Solarpack’s 200MW El Aromo solar farm in Manabí, Ecuador.

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.

Eolian, a portfolio company of Global Infrastructure Partners (GIP), has closed financing on a green loan for decarbonization strategies across the US.

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.

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.

Brazil’s National Electric Energy Agency (Aneel) has confirmed the first transmission auction of this year to be held on June 30.

Ares-backed Heelstone Renewable Energy closed a $357 million debt financing with JPMorgan Chase and Fifth Third Bank for five utility-scale solar projects.

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.

Hyundai Motor Group and LG Energy Solution (LGES) have launched an electric vehicle (EV) battery cell manufacturing joint venture in Georgia.

FuelCell Energy, a global manufacturer of proprietary fuel cell technology, has secured a $87 million non-recourse project financing facility.

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).

Czech renewables developer Solek has landed financing for a 284MW portfolio of solar assets the company is developing in Chile.

Renewable fuels company Raven SR has received environmental approval from the city of Richmond, California for its biofuel project.

AES Andes is retiring the company’s Norgener coal-fired power plant in Chile.

Lightsource BP has reached commercial operation on its Bellflower Solar project.

The National Energy Commission (CNE) has granted a total of three definitive concessions for solar projects to be developed on the island.

Spanish JV partners Repsol and Ibereolica Renovables have commissioned the first phase of their maiden joint solar project plant in Northern Chile.

Latin America Power is planning a 73MW expansion to the company’s San Juan wind project in Chile.

Chile’s National Energy Commission (CNE) has revealed details on its 2023 power auction which will be held in December.

Leyline Renewable Capital has invested $30 million with solar and storage developer Accelergen Energy.

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.

AES Andes has received environmental approval to develop a massive hybrid complex in Chile after submitting the project almost three years ago.

Generate Capital, a San Francisco-based sustainable infrastructure fund will invest $250 million in Ambient Fuels, a green hydrogen developer.

Aspen Power has completed construction on its first solar project with residential real estate powerhouse The Michaels Organization.

Omega Energia has entered an agreement with São Paulo-based fund manager Apolo to develop solar generation in Brazil.

Renewable developer Omega Energia has landed R$415.32 million ($83.6 million) for a wind complex the company is developing in Brazil.