Project Finance

The Bureau of Ocean Energy Management has approved US Wind's Maryland Offshore Wind Project, the tenth commercial-scale offshore wind project approved during the Biden-Harris administration.

The Bureau of Ocean Energy Management (BOEM) has released its final environmental assessment (EA) of the Gulf of Maine offshore wind energy area.

Bitech Technologies subsidiary Emergen Energy has signed a tax credit transfer agreement to sell up to $80 million of federal investment tax credits (ITCs) from a Texas battery energy storage system.

Costa Rican state-owned power and telecommunications, provider Instituto Costarricense de Electricidad (ICE), secured financing to remodel and expand the Tejona Wind Farm.

Solar developer and PV manufacturer Trinasolar is planning to develop a $236 million solar project in Chile.

The US Department of Agriculture (USDA) has made a $7.3 billion investment in electric cooperatives to build clean energy for communities across the country through the Empowering Rural America program.

A Harvestone Low Carbon Partners subsidiary has closed a $205 million tax equity financing with Bank of America for a North Dakota carbon capture and sequestration (CCS) project.

UBS Asset Management has secured $315.7 million in financing for 4 battery energy storage projects in Texas from a consortium of banks.

Sunrock Distributed Generation (SDG) has partnered with CleanCapital to develop, finance, and manage a portfolio of DG solar projects across the US.

Arevon Energy has closed $299 million in debt financing with a consortium of banks for 2 solar projects in Indiana.

Solar developer Órigo Energia has raised R$600 million ($107m) in green debentures for distributed solar generation in Brazil.

State-owned utility ENEE (Empresa Nacional de Energía Eléctrica) has launched an international auction for the installation of a battery energy storage system in Honduras.

Doral Renewables has secured $285 million in project financing from a consortium of banks for the second part of its 1.3GW solar project in Indiana.

Spanish renewables developer Grenergy is adding a battery storage project to its development pipeline in Chile.

The Department of Energy (DOE) has awarded $62 million to 20 projects focused on research, development, and deployment of next-generation green hydrogen technology.

Google is planning to build its second data centre facility in Latin America.

The Public Utilities Commission of Texas (PUCT) has selected 17 projects totalling $5.38 billion to advance to the next round of the review process for the Texas Energy Fund (TEF) grant program.

Brazilian development bank BNDES has approved R$1.14 billion ($202m) in financing for 2 solar complexes in Brazil.

The Bureau of Ocean Energy Management (BOEM) has finalised 2 floating offshore wind areas off Oregon and announced the date for its upcoming auction in October.

Peruvian investment promotion agency ProInversión has awarded 5 transmission projects in its latest auction to Alupar Perú.

The Bureau of Ocean Energy Management (BOEM) is exploring offshore wind options off the coast of Hawaii and the US territory of Guam.

Eneva has secured R$1 billion ($177 million) in financing for a gas-fired power plant the company is developing in Brazil.

CenterPoint Energy is proposing to invest around $5 billion from 2026 to 2028 on grid resiliency in the aftermath of damage caused by Hurricane Beryl.

National Storage Affiliates Trust (NSA) and Solar Landscape have teamed up to develop at least 100MW of solar capacity.

State-owned Empresa Provincial de Energía de Córdoba (EPEC) is partnering with renewables developer Coral Energía on a portfolio of solar assets in Argentina.

Nu:ionic Technologies and HybriGenix Futures have signed a memorandum of understanding (MoU) to develop a clean power and hydrogen facility in Edmonton, Alberta.

AES Andes has received the greenlight from Chile’s Environmental Evaluation Service to proceed with a $800 million hybrid project.

Industrial gases and engineering company Linde has agreed to invest $2 billion in a clean hydrogen project in Alberta, Canada.

Standalone storage development in Chile has arrived with project financing deals finally closing in the last 2 months. The age of battery storage comes as Chile remains riddled with curtailment issues, high exposure to zero marginal cost and price decoupling, especially in the north of Chile.

Brazil’s National Electric Energy Agency (Aneel) has confirmed the September transmission auction but has withdrawn lot 2 from the original set of projects to be tendered.

Brazilian utility Cemig is planning to issue R$2 billion ($363m) in debentures for its distribution business, Cemig-D, on 15 September 2024.

The Tennessee Valley Authority (TVA) board of directors has approved an additional $150 million to fund TVA’s small module nuclear reactor (SMR) initiative at its Clinch River site in Tennessee.

Renewables developer Arevon Energy will look to start financing its Avocet Energy Storage Project in Q1 2025 after securing permitting and signing an interconnection agreement, PFR has learned.

Meyer Burger has halted plans to develop a solar cell production facility in Colorado Springs, Colorado and announced restructuring measures.

The Superintendency for the Development of the Northeast (Sudene) has released R$267 million ($49m) to finance renewable projects in Brazil.

Clearway Energy Group has closed a $550 million construction loan with a consortium of banks for a 140MW/118MW solar-plus-storage project in California.

CleanCapital and Arena Renewables have partnered to develop a portfolio of community and C&I solar projects in grid-critical areas in Illinois, Maryland, and other parts of the US.

Spanish renewables developer X-Elio is planning to develop a 94MW solar-plus-storage project in Chile.

CPFL Energia is partnering with cement maker Mizu Cimentos to develop a green hydrogen plant in Rio Grande do Norte, Brazil.

Spanish renewable energy-focused investment platform Qualitas Energy is looking to finance a portfolio of renewable assets in Chile, PFR understands.

Steel manufacturer ArcelorMittal and renewables developer Casa dos Ventos are extending their partnership in Brazil with a solar project.

Israeli renewable-focused fund Windin Capital is set to close financing for a wind farm the company owns in Chile, PFR understands.

SolarBank is planning to develop a 6.41MW ground-mount solar power project called the East Bloomfield project in New York.

Deriva Energy has secured the domestic content bonus credit and the energy community tax credit bonus for the North Allegheny Wind, Pennsylvania.

Arevon Energy is readying for financial close on the 60MWac Heirloom Solar Project in Pike County, Indiana.

Toyota Tsusho America has closed the financing for the 159MW Norton Solar Project in Runnels County, Texas which is being constructed by Avantus.

Vestas and Brazilian renewables developer Renobrax are planning to develop a wind project in the state of Rio Grande do Sul in Brazil.

German renewables developer Uka Group has received approval to move ahead and start construction of its Llanos de Rungue solar project in Chile.

Swift Current Energy has closed on a tax equity investment from Google for its 800MW Double Black Diamond Solar project in southern Illinois.

Boralex has closed a $95 million financing for the 52MW Témiscouata II wind farm in Quebec.

Scala Data Centers has raised R$1.37 billion ($250m) in green debentures for the company’s SGRUTB09 data centre in Brazil, the largest in Latin America.

Santiago-based renewables developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.

German developer Soventix is planning a solar-plus-storage project in Chile.

Eversouce Energy’s Huntsbrook Offshore Wind (OSW) Hub project has been awarded a Department of Energy (DOE) grant of $89 million.

Corio Generation has signed a memorandum of understanding with offshore construction business Estaleiros do Brasil (EBR) for the development of offshore wind generation in Brazil.

California-based Natron Energy plans to develop a $1.4 billion utility-scale battery manufacturing plant in North Carolina.

Birch Creek Energy has closed project financing for a Missouri solar farm with Celtic Bank and West Town Bank & Trust.

Tucson Electric Power (TEP) is planning a 200MW battery energy storage system in southeast Tucson, Arizona.

rPlus Energies has signed a power purchase agreement (PPA) for its Pleasant Valley Solar II project in Idaho with Idaho Power and Meta, PFR has learned.

Atlas Renewable Energy has raised close to R$1.5 billion ($274m) in bonds to finance its Luiz Carlos solar complex in Brazil.

US solar manufacturing company Ebon Solar has announced its plan to develop a nearly $1 billion PV manufacturing plant in Albuquerque, New Mexico.

Equinor and Dominion have been named the provisional winners of the Central Atlantic offshore wind lease area tender, totalling $93 million.

Prumo Logística and Norwegian renewables company Fuella have signed an area reservation contract for the newly-licensed green hydrogen hub at the Porto do Açu complex.

Celeo has secured a $100 million bridge loan from Germany’s KfW IPEX-Bank for a portfolio of transmission projects in Chile.

Atlas Renewable Energy has closed a $289 million financing for the company’s BESS del Desierto project in Chile, marking the company's first financing for standalone batteries in Chile.

rPlus Energies is seeking financing for its Pleasant Valley Solar II project in Idaho, PFR has learned.

The Bureau of Ocean Energy Management (BOEM) has finalised its environmental assessment of the lease areas in the upcoming Oregon floating offshore wind energy auction.

Swiss fund manager SUSI Partners has made an investment into a portfolio of battery storage projects, expanding the firm’s partnership with Chilean developer BIWO Renovables.

Decarbonisation technology developer 8 Rivers Capital has partnered with Siemens Energy to develop carbon capture turbines.

ING and Investec will provide Voltera, the developer, owner, and operator of charging infrastructure for the EV fleet, with a first–of–its–kind $100 million debt facility to fund the rollout of charging sites around the US.

Residential solar developer Terra Energy has landed a MXN$500 million ($26m) loan from Beel Infrastructure Partners in Mexico.

Spanish renewables developer Grenergy reached financial close in July 2024 for the first 2 phases of its Oasis de Atacama solar-plus-storage project in Chile, the largest storage project in the world according to the company.

Infrastructure and construction company HYCSA Group is launching an energy and sustainability division, HYCSA Green Capital, operating in Mexico.

Peru’s investment promotion agency ProInversión is set to award 3 projects totalling $101 million in investments in December (2024).

EmberClear Management has submitted loan applications for 1.8GW peaking plants to the Texas Energy Fund.

Onyx Renewable Partners has partnered with Telyon, a turnkey renewable developer, to develop 40MW of commercial and industrial (C&I) solar in the US.

Summit Ridge Energy has sold $40 million in transferable tax credits from a Virginia community solar project via the tax credit transfer platform Reunion.

Qcells has received a $1.45 billion conditional loan commitment from the Department of Energy (DOE) for its 3.3GW Georgia solar panel supply chain manufacturing facility.

Electrochemical technology company Twelve has closed a $45 million over 2 financings led by Fundamental Renewables and SMBC to develop and produce sustainable aviation fuel (SAF).

AES Indiana plans to invest $1.1 billion in repowering energy projects throughout the state by 2026, including replacing 2 coal-fired units at the Petersburg Generating Station.

Argentine aluminum producer Aluar is expanding its wind farm with 336MW of additional capacity.

rPlus Energies is looking to syndicate its $1.1 billion financing for the 400MW/1.6GWh Green River Energy Centre that closed last month, PFR has learned.

Ørsted has partnered with renewable developer Mission Clean Energy to develop 4 standalone battery storage projects, totalling 1GW, across the midwestern US.

Pivot Energy and Microsoft have created a 5-year partnership to develop 500MWac of community solar projects across the US.

Brazilian development bank BNDES has approved a R$1.394 billion ($248m) financing for RGE Sul Distribuidora de Energia (RGE Sul), a utility operating in the state of Rio Grande do Sul.

Standard Chartered has invested $235 million in a Texas solar modular factory being developed by global renewable company Trinasolar.

Origis Energy has inked a $71 million tax equity financing from US Bancorp Impact Finance for its Rice Creek Solar project in Florida.

Argentine renewables developer Eoliasur is planning a $607 million battery energy storage system (BESS) in Chile.

Aypa Power has closed a $323 million financing led by ING Capital for its 150MW/600MWh Kuna energy storage project outside of Boise, Idaho.

Summit Ridge Energy and HASI have signed a $309 million financing for a portfolio of 80 operating community solar assets in Illinois and Maryland, totalling 218MW, the pair co-own.

Brazilian sugar and ethanol producer São Martinho has requested a loan from the International Finance Corporation (IFC) for a biomethane project.

The Department of Energy has awarded $2.2 billion in the second round of its Grid Resilience and Innovation Partnerships (GRIP) program to 8 projects that seek to strengthen transmission lines and expand grid capacity.

The Department of Energy (DOE) is set to release $30 million in funding opportunities for clean energy projects that will support Native American tribal communities and universities by the end of August (2024).

Ontario-based solar manufacturing company Heliene is looking to sell the associated advanced manufacturing tax credits (45x) from its 800MW Minnesota PV factory by the end of this month, PFR has learned.

Tax credit transferability has dramatically altered the tax equity market since it was introduced in 2023 under the Inflation Reduction Act. From bringing in more would-be investors and facilitating the creation of online platforms to sell credits, transferability immediately expanded the traditional $20 billion (or so) tax equity market. In 2023 it added around $9 billion of new deals and is expected to double the market by the end of 2024.

The Department of Energy (DOE) has chosen Hecate Energy to develop a 1GW solar farm on the site of the Manhattan Nuclear Project in Washington State.

Great Bay Renewables (GBR) has closed its $30 million royalty investment in Nokomis Energy, a distributed generation developer in the Midwest.

Canada will commit up to $300 million to support clean hydrogen trade with Germany as the 2 nations look to build a hydrogen trade corridor.

Beel Infrastructure has requested an equity investment of up to $30 million equivalent in MXN from the International Finance Corporation (IFC).

The Appalachian Hydrogen Hub (ARCH2) has received its first tranche of financing from the Department of Energy (DOE).

Santiago-based renewable developer Biwo Renovables is adding a solar project to its development pipeline in Chile.

YPF and state-owned Malaysian oil and gas company Petronas are partnering on a massive LNG project that will be located in the town of Sierra Grande in the province of Río Negro.

Enlight Renewable Energy’s subsidiary Clenera Holdings has closed a $400 million financing facility for the energy storage portion of its New Mexico-based Atrisco Complex, a 364MW solar and 1.2GWh storage project.

Brookfield Renewable US has filed a notice of intent (NOI) with the Oregon Department of Energy to develop a 900MW solar-plus-storage project in Sherman County.

Atlas Renewable Energy is planning to issue additional bonds for the Luiz Carlos solar complex the company is developing in Brazil.

Excelsior Energy Capital has signed a multiyear agreement to purchase 2.2GWh of US-manufactured battery cells from Fluence Energy.

esVolta has secured $258 million in financing led by MUFG for its 980MWh BESS portfolio in Texas.

Peru’s ProInversión has prequalified 5 bidders in an upcoming auction that will see the agency award 4 transmission projects totalling $137 million.

Atlas Renewable Energy has issued R$750 million ($133m) in debentures for the Luiz Carlos solar complex in Brazil.

Global Infrastructure Partners (GIP) portfolio company Eolian has closed a $390 million financing facility for a portfolio of renewable energy assets across the US.

The Alberta Utilities Commission has approved the construction and operations plan of the Saamis project, located in Medicine Hat, one of the sunniest cities in the province.

Summit Ridge Energy has closed a tax equity financing from Foss & Co for its Project Vesta Part 1 & 2 in Illinois.

Santiago-based Cristaria Solar SpA is planning to develop a $355 million solar project in Chile.

The Bureau of Ocean Energy Management has released its final environmental impact (EIS) statement for US Wind’s proposed Maryland Offshore Wind Project.

Hecate Energy Gulf Wind has made an unsolicited lease request with the Bureau of Ocean Energy Management for 2 offshore wind energy areas (WEAs) previously identified for the 2021 Gulf Coast tender.

Casa dos Ventos, through its subsidiary Ventos de São Rafael Renováveis SA, has issued R$2.5 billion ($442m) in debentures in Brazil.

Santiago-based renewables developer Eactiva is planning to develop a solar-plus-storage project in Chile.

Morgan Stanley Senior Funding has been identified as the lender of a $700 million loan to New Fortress Energy for its Mexico-based FLNG unit 2, PFR has learned.

Minnesota-based PV module manufacturer Heliene has partnered with Premier Energies, an India-based solar cell developer, to plan a manufacturing facility in the US.

CarbonCapture and WL Gore & Associates have partnered to advance direct atmospheric carbon dioxide removal technology in a multi-year project.

The Inter-American Development Bank (IDB) has approved to disburse $600 million to finance the energy transition and promote private investments in Ecuador.

Spain’s Acciona was awarded a permanent concession for its San Jose solar project by the Energy and Mines Ministry (MINEM) in Peru.

The Pacific Northwest Hydrogen Association (PNWH2) joins the California Hydrogen Hub (ARCHES) as the first two Department of Energy-chosen regional hub to receive their Phase 1 awards.

Honduran conglomerate Kattan Group has requested financing from IDB Invest to finance a rooftop solar project.

Vienna-based renewable developer Austria Energy is planning to develop a $11 billion green ammonia project in Chile.

Community solar provider Nexamp has partnered with Starbucks to deploy 40MW of solar projects in Illinois.

CWP Global has signed a memorandum of understanding (MoU) with the government of Tierra del Fuego for the development of green hydrogen in the province.

New Fortress Energy has closed a $700 million loan for its FLNG unit 2 in Mexico.

Greenbacker Capital Management has executed a novel wind proxy hedge risk transfer for its Maine wind farm and raised additional debt for the project with MUFG.

IDB Invest and the Green Climate Fund (GCF) are partnering to support resilient infrastructure investments in the Caribbean region.

Energía de Colombia SAS ESP has landed COP$708 billion ($177m) for the refinancing of an operating transmission asset in Colombia.

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Blackstone-owned energy storage business Aypa Power has closed its $650 million pre-notice to proceed development facility.

Sempra Infrastructure awaits final Federal Energy Regulatory Commission (FERC) approval, readying itself to secure project financing for its Port Arthur LNG Phase 2, PFR has learned.

Mexico’s renewables market had been described by some industry professionals as at “rock bottom” but with a change at the political top the market is bracing for a rebound.

Peru’s ProInversión has prequalified 3 bidders in an upcoming auction that will see the agency award 5 transmission projects totalling $441 million.

Renewables developer Sphera Energy is planning to develop a pair of standalone battery energy storage projects in Chile.

Copia Power has closed a $135 million tax equity financing from Santander for its 150MW Harquahala Sun 1 project in Arizona.

Clearway Energy Group has closed on more than $700 million in construction financing for solar and standalone battery projects in California, PFR has learned.

Generac Power Systems has been awarded a grant of up to $200 million from the US Department of Energy for residential solar and battery storage systems in Puerto Rico.

Dimension Energy has revealed plans to invest $3 billion in solar and storage projects over the next 5 years.

The US Department of Energy’s Loan Programs Office (LPO) has agreed to a loan guarantee of up to $861.3 million to finance solar and storage projects in Puerto Rico.

Renewable developer RZK Energia has raised R$165 million ($30m) in debentures for a portfolio of distributed solar generation projects in Brazil.

Primergy is approaching lenders as it locks in project financing for its 400MW/1600MWh Purple Sage Energy Centre in Nevada, PFR understands.

Fortescue is moving forward with its $6 billion green hydrogen plant in Brazil as the company’s board of directors made an early investment decision.

Atiaia Renováveis is planning to issue R$215 million ($39m) in debentures for a hydroelectric project the company is developing in Brazil.

New York City-based battery storage developer NineDot Energy has inked an additional $25 million revolving credit facility from NY Green Bank.

Intersect Power has closed 2 project financings totalling $837 million for 3 standalone battery energy storage systems (BESS) in Texas.

Waga Energy is commissioning a renewable natural gas (RNG) production unit at a landfill site in Quebec, Canada.

Renew Energy Partners has sold tax credits from a Manhattan, New York-located combined heat and power system project to a private buyer represented by Foss & Company.

rPlus Energies has closed a $1 billion construction debt financing for its 400MW/1.6GWh Green River Energy Center project in Utah.

Copec and Transelec have signed an agreement to partner on the implementation of a battery energy storage system in Chile.

The Superintendency for the Development of the Northeast (Sudene) has provided financing for 4 renewables projects in Brazil.

For more than 7 months the government of Alberta paused the approval of new renewable energy projects causing a multi-gigawatt logjam with upwards of $25 billion of investment sat idle.

YPF Energía Eléctrica (YPF Luz) is planning to develop a solar project in Argentina, the company’s second project in the country.

The Department of Energy has awarded $1.7 billion in grants to 11 electric vehicle manufacturing projects across the US.

Leeward Renewable Energy has closed a $1.25 billion construction warehouse facility to develop a 1GW portfolio of wind, solar and battery storage projects.

AES Andes is adding a 764MW solar-plus-storage project to its development pipeline in Chile.

Oil and gas company Acelen is partnering with investment manager Perfin Infra and Illian Energias Renováveis on a solar project in Brazil.

Renewables developer Helexia has raised R$240 million ($44m) in debentures for distributed solar generation in Brazil.

Catalyze has partnered with real estate firm Cushman & Wakefield to develop solar and storage projects across the firm’s network of C&I real estate in the US.

Onyx Renewable Partners has upsized its 3-year revolving credit facility, led by Investec, to $100 million to support its portfolio of solar projects across the US.

The Canada Growth Fund (CGF) will invest up to C$1 billion ($734m) toward the development of Strathcona Resources carbon capture and sequestration (CCS) infrastructure.

BP’s EV charging business has finalised a partnership with real estate investment trust Simon to develop 75 charging Gigahubs across the US.

The state of Bahia has signed a memorandum of understanding (MoU) with German company Si&Mex Solutions for the implementation of a $2 billion solar panel manufacturing facility in the state.

Clearway Energy Group has closed a $261 million project financing by a consortium of banks to repower its 160MW Cedro Hill wind farm in Texas.

Grenergy has reached financial close for the first 2 phases of its Oasis de Atacama solar-plus-storage project in Chile.

Aslan Energy Capital has signed a memorandum of understanding (MoU) for the acquisition of land in Mexico for the development of a mammoth ammonia project.

Microsoft has agreed to purchase 500,000 tons of carbon dioxide removal (CDR) credits from 1PointFive’s industrial-scale project in Texas.

The Department of Energy has provided ENTEK Lithium Separators with a $1.2 billion conditional commitment loan for its EV battery factory in Terra Haute, Indiana.

Entropy, a carbon capture and sequestration (CCS) developer subsidiary of Advantage Energy, has reached Final Investment Decision for its Glacier Phase 2 project.

RNG producer Waga Energy has closed a €100 million (US$108 million) corporate syndicated loan with a group of banks to fund its landfill waste-to-energy projects in the US.

Chile’s Ministry of National Assets has awarded public lands to 6 battery energy storage system projects totalling more than 11GWh of capacity.

Ontario-based renewables developer Compass Greenfield Development has closed a CA$49.5 million ($36.29 million) non-recourse project financing for battery storage projects from Selkirk Advisory Group.

Korean EV battery manufacturer SK On has signed a joint development agreement (JDA) with Sakuu, a Silicon Valley-based utility-scale battery provider.

Power generation company Celepsa has landed a $100 million sustainability-linked loan to support the development of renewable energy in Peru.

South African developer Phelan Green Energy is planning to develop a $2.3 billion green hydrogen project in Peru.

The Department of Energy will offer up to $100 million to fund pilot-scale long-duration energy storage (LDES) projects using non-lithium technologies.

Lhyfe has signed a memorandum of understanding with Fives to develop green hydrogen to be used in industrial combustion processes.

Canadian Infrastructure Bank has finalised a C$283.5 million (US$208m) loan to two Alberta transmission companies to construct a new transmission line.

AES Andes is planning to develop a $635 million solar-plus-storage project in Chile.

Orizon is issuing green bonds to finance the Ure Barueri waste-to-energy project the company is developing in Brazil.

Neoenergia, through its subsidiary Neoenergia Coelba, has signed a commitment to invest R$1.2 billion ($211m) in distribution networks in Bahia.

The Bureau of Ocean Energy Management (BOEM) has given Atlantic Shores Offshore Wind a Record of Decision (RoD) for its 2 projects totalling 2.8GW off the coast of New Jersey. This approval marks the ninth offshore wind farm approved by the Biden-Harris administration.

The tax equity market was changed forever with the introduction of the Inflation Reduction Act (IRA). As the last of the guidelines for these renewables tax breaks – specifically transferability rules – are ironed out the market has already found innovative ways to take advantage of the new regime.

NextDecade has issued $1.115 billion in senior secured notes in a private placement to fund outstanding borrowings and commitments for its Rio Grande LNG facility.

Update includes:

The Bureau of Ocean Energy Management (BOEM) has announced the date of the first Central Atlantic offshore wind lease sale, which could total 6.3GW of generated capacity.

Eletrobras and pulp and paper manufacturer Suzano have signed a memorandum of understanding to develop green hydrogen and synthetic fuels initiatives in Brazil.

Updated to include:

Great Bay Renewables, jointly controlled by Altius Renewable Royalties and Apollo-managed funds, has signed a $30 million royalty investment with solar developer Nokomis Energy.

Renewable developer Genneia raised $60 million in green bonds to support the development of renewable projects in Argentina.

Ethanol and sugar producer Copersucar has signed a memorandum of understanding with Geo bio gas&carbon for the production of sustainable aviation fuel in Brazil.

Canadian Solar subsidiary Recurrent Energy has inked a $103 million tax credit agreement with Bank of America for its 160MW North Fork Solar Project in Oklahoma.

Shell has reached the Final Investment Decision (FID) for its Polaris project, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada.

Ørsted’s 924MW Sunrise Wind project was given its final approval by the Bureau of Ocean Energy Management (BOEM).

Sumitomo Corporation of Americas has completed a tax equity investment in a portfolio of solar and battery storage projects owned by Pacifico Power.

Neoenergia has signed a memorandum of understanding (MoU) with the government of Ceará to develop offshore wind generation.

Solarity and Santander Chile have signed an additional financing line to support the developer’s deployment of distributed generation solar assets in Chile.

British Columbia-based Cedar LNG, a partnership between Pembina Pipeline and the Haisla Nation, has reached final investment decision.

Renewables developer Genneia is planning to issue green bonds for renewable projects in Argentina.

The National Energy Commission (CNE) has granted a permanent concession to an 83MW solar project in the Dominican Republic.

CenterPoint Energy subsidiary CenterPoint Energy Houston Electric (CPE Houston) has entered a $300 million term loan to cover damage from category 2 hurricane-like winds and tornadoes in Texas, PFR has learned.

Peruvian investment promotion agency ProInversión has awarded a trio of transmission projects totalling $329 million in investments.

Carbon capture start-up Heirloom Carbon Technologies is set to develop 2 direct air capture (DAC) facilities in Port of Caddo-Bossier, Louisiana.

Corporación Interamericana para el Financiamiento de Infraestructura (Cifi) has issued a series of green bonds totalling $10 million to finance renewable projects in Latin America.

Peruvian investment promotion agency ProInversión is expected to award $329 million in investments to 3 transmission projects this month (June 2024).

Air Liquide has signed an agreement to support ExxonMobil's production of low-carbon hydrogen and ammonia at its Baytown, Texas, facility.

Canadian pipeline and energy company Enbridge has partnered with Six Nations Energy Development, an energy investment-focused consortium of 6 First Nations, to build a 200MW wind project in Weyburn, Saskatchewan.

Silicon Valley Bank has led the second financing, totalling $230 million, for Sol System's 300MW Eldorado solar project in Illinois, bringing the total financing to $480 million for the project.

Renewables developer RZK Energia landed financing from Banco do Nordeste (BNB) for distributed solar projects in Brazil.

Equinor, through its renewable platform Rio Energy, is planning to turn its 200MW Serra da Babilônia wind project into a hybrid complex by adding a solar plant on site.

State-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has signed a letter of interest for financing from the European Investment Bank (EIB).

Brazilian oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Rio de Janeiro for the development of offshore wind in the state.

Omnigen Energy has secured financing for the development of a portfolio of small-scale solar power plants in Brazil.

Recurrent Energy has secured $513 million in project financing for its 1,200MWh Papago Storage project located in Maricopa County, Arizona.

Hecate Grid, a joint venture between an InfraRed Capital Partners managed fund and Hecate Energy, has closed a 4-year $125 million Letter of Credit with MUFG.

Biocarbon producer Aymium has closed a $50 million financing with Fortress Investment Group and Kilonova Capital.

GoodLeap has closed a $311.6 million securitisation of residential solar loans originated on its platform.

energyRe has submitted proposals to the New York Independent System Operator (NYISO) to develop transmission systems bringing offshore wind power to New York City.

Centrais Elétricas de Santa Catarina (Celesc) has landed financing from Brazilian development bank BNDES.

Neoenergia is issuing R$1 billion ($185m) in debentures to finance transmission lines in Brazil.

Abraxas Power has selected McDermott as its EPC contractor for the Exploits Valley Renewable Energy Corporation (EVREC) project in Newfoundland and Labrador, which will be Canada's first commercial green hydrogen project.

Energy storage and RNG developer Captona has closed a preferred equity investment in a community solar and microgrid portfolio owned by Scale Microgrids.

Brazilian renewables developer Serena Energia (formerly Omega Energia) is issuing R$400 million (74m) in debentures.

Grupo Energía Bogotá, through its subsidiary Enlaza, has landed the greenlight to proceed with its Colectora transmission project in Colombia.

BP-owned Archaea Energy and Republic Services have partnered to develop 40 landfill gas-to-renewable natural gas plants, completing construction on their first RNG project.

Plus Power has closed a $133 million financing led by First Citizens Bank and NordLB for its 150MW/300MWh Cranberry Point Energy Storage project in Massachusetts.

NRG Energy has submitted 3 loan proposals to the Texas Energy Fund (TEF) for 1.6GW of natural gas-powered ERCOT projects.

EDF Renewables has issued debentures for the expansion of the Serra do Seridó wind complex in Brazil.

Chilean developer Orion Power is planning to develop a standalone battery energy storage system (BESS) in the region of Atacama.

Brazilian development bank BNDES has signed agreements with China Development Bank and the Asian Infrastructure Investment Bank (AIIB) to finance sustainable projects in Brazil.

YPF Luz, the power generation arm of YPF, is planning to issue up to $50 million in bonds in Argentina.

Renewable developer Genneia is planning to develop a pair of solar projects in the province of Mendoza.

The Canada Growth Fund (CGF) has teamed up with Gibson Energy and Varme Energy to develop Canada's first waste-to-energy facility with carbon capture technology.

DTE Energy is planning to convert a portion of its retired Trenton Channel coal power plant in Michigan to a 220MW/800MWh battery energy storage system.

China’s State Power Investment Corporation (SPIC) is planning to develop a 105MW wind complex in the state of Rio Grande do Norte in Brazil.

As the Lone Star State begins to face the climbing summer temperatures, intense weather events, specifically Winter Storm Uri, remain at the top of Texans' minds.

Entergy and NextEra Energy Resources have partnered to develop up to 4.5GW of solar and storage projects over the next 5 years.

State-owned Eletrobras has signed a memorandum of understanding (MoU) with Prumo Logística to support the development of green hydrogen in Brazil.

Nexus PMG has made an investment in renewable fuels company Saola Energy.

Entergy has submitted proposals for 2 natural gas power plants to the Public Utility Commission of Texas (TPUC) as the state pushes for new generation as energy demand intensifies.

Engie is planning to issue up to R$2 billion ($381m) in debentures to finance a wind complex the company is developing in Brazil.

Biocarbon producer Aymium has closed a $210 million financing from Copenhagen Infrastructure Partners and ECP ForeStar for its Williams production facility at a former California coal plant.

The Bureau of Ocean Energy Management (BOEM) has approved an Environmental Assessment (EA) for potential offshore wind development off the Delaware, Maryland, and Virginia coasts.

The Saudi Fund for Development (SFD) has signed an agreement with the government of El Salvador to finance a biogas power plant.

Sunrun, a provider of residential solar, storage and energy services, has priced a $886.3 million securitisation of leases and power purchase agreements, known as Sunrun’s solar-as-a-service offering.

Babcock & Wilcox (B&W) has signed an agreement with NorthStar Clean Energy to convert a former coal-fired power plant to a bioenergy with carbon capture and storage facility.

The $10 billion Texas Energy Fund (TEF) opened its loan program on 1 June with more than 65 applicants submitting proposals totalling 48GW.

Grupo Energisa has landed financing from the Brazilian development bank BNDES to support its distribution subsidiaries in Brazil.

Miami-based Atlas Renewable Energy is planning to develop a 304MW wind project in Chile.

Atlas Renewable Energy has requested a $55 million loan from IDB Invest for its Shangri-La solar project in Colombia.

Alupar Investimento has landed a pair of transmission projects in an auction held in March by Chile’s National Electrical Coordinator (CEN).

SIBA Energy Corporation has landed long-term financing for a combined-cycle gas fired power plant in the Dominican Republic.

Sol Systems has secured an $85 million investment from Macquarie Asset Management to support of the construction and operation of 5 utility-scale solar projects located in Illinois and Ohio.

SunPower has drawn $50 million from a loan made by its majority shareholder Sol Holding, which is owned jointly by TotalEnergies and Global Infrastructure Partners (GIP).

Chilean utility Colbún is planning a $1.4 billion energy storage asset in the region of Antofagasta.

Oil and gas company Petroquímica Comodoro Rivadavia (PCR) is adding a solar project to its San Luis Norte wind farm in Argentina.

DLL, the Rabobank-owned asset finance company for equipment and technology, has partnered with Sunstone Credit to provide a loan platform for solar and battery storage assets.

The New Mexico Public Regulation Commission (NMPRC) has approved PNM Resource's application to integrate 410MW of new solar and energy storage by 2026.

Vistra will add 2GW of dispatchable, natural gas-fuelled power capacity throughout west, central, and north Texas.

Neoenergia is issuing R$1.1 billion ($211m) in debentures to finance transmission lines won in a 2022 auction in Brazil.

Chile’s Ministry of Energy and Mines has signed a Memorandum of Understanding (MoU) with the Republic of Korea’s Energy Agency to cooperate on renewable energy.

Spanish group Uriel Inversiones has received the regulatory greenlight for its Quinquimo solar project in Chile.

ArcLight Capital Partners and battery storage developer Elevate Renewables are set to develop a 15MW/60MWh distributed generation-sized battery storage project in Staten Island, New York.

Quidnet Energy has formed a 300MW Texas energy storage project partnership with Hunt Energy Network (HEN).

The Canada Infrastructure Bank (CIB) will loan HTEC C$337 million ($247m) to accelerate hydrogen production and refuelling infrastructure in British Columbia and Alberta.

The Bureau of Ocean Energy Management (BOEM) has released the Final Environmental Assessment for the floating offshore wind research project in the Gulf of Maine.

Madrid-based Fotowatio Renewable Ventures (FRV) is planning to develop a standalone battery energy storage system (BESS) project in Chile.

Brazilian sugar, ethanol and renewable power producer Grupo Zilor has requested financing from the International Finance Corporation (IFC) for the expansion of 1 of its plants.

Clean hydrogen projects across the US are generating enormous interest but many struggle to reach bankability as many risks, such as technology, supply chain, regulation and offtake, are halting progress.

The Bureau of Ocean Energy Management (BOEM) has released the final Environmental Impact Statement (EIS) for Atlantic Shores Offshore Wind Project 1 and 2 in New Jersey.

MPC Energy Solutions (MPCES) has reached financial close on a solar project the firm is developing in Guatemala.

Pine Gate Renewables has finalised an agreement to provide Meta with the renewable attributes from a 200MW solar project in Texas.

Neoenergia is planning to invest more than R$2.1 billion ($407m) into transmission works between 2024 and 2027 in Brazil.

Ørsted has received a $680 million tax equity financing from JP Morgan for 550MW in solar and solar-plus-storage projects in Texas and Arizona.

Conduit Power and Riley Exploration Permian are expanding their joint venture, RPC Power, to develop power generation and storage assets for ERCOT, the Texas grid operator.

Renewable energy provider Pivot Energy has partnered American EV maker Rivian on 60MWdc solar energy projects.

QCells' residential solar financing platform EnFin has completed its first asset-backed securities (ABS) transaction totaling $252.86 million.

Innergex Renewable Energy has started commercial operations of its San Andrés battery energy storage project in Chile.

Soluna Holdings, a green data centre developer, has closed a $30 million financing from Spring Lane Capital (SLC) for its 50MW Project Dorothy 2, which is co-located with a 150MW wind farm, in Texas.

Madrid-based Fotowatio Renewable Ventures (FRV) is planning to develop a 522MW solar project in Chile.

Scale Microgrids and EO Charging have formed a non-exclusive partnership to develop EV fleets, associated charging infrastructure, and on-site microgrid energy systems across high-grid capacity regions in the US.

LevelTen Energy has launched a tax credit transfer platform, facilitating the sale of various tax Inflation Reduction Act (IRA) tax credits between clean energy developers and corporations.

Spain’s Acciona Energía is partnering with Dominican conglomerate Grupo País on a solar project in the Dominican Republic.

Equinor can now begin construction of the 810MW Empire Wind 1 project in the New York Bight region, after receiving final approval from the New York State Public Service Commission.

Solar developer Delta Energia has raised R$250 million ($49m) in a CRI issuance to support the development of distributed generation solar assets in Brazil.

Origis Energy has secured a $300 million corporate financing facility from KKR to support solar and storage development.

Spanish developer ID Energy Group is planning to develop a portfolio of small solar projects in Chile.

Captona has invested around $150 million into a joint venture with UBS Asset Management Real Estate & Private Markets for 4 battery energy storage (BESS) projects in Texas totalling 728MW/1GWh, PFR has learned.

Electric infrastructure provider Zeem is set to develop a long-range trucking depot with 84 fast charging stations at the Port of Long Beach, California.

Correlate Energy and Energetic Capital have launched a partnership to develop distributed energy resources for underserved communities.

Schneider Electric has purchased 45X Advanced Manufacturing Production tax credits from solar module manufacturer Silfab Solar through tax credit transfer platform Crux.

Madison Gas and Electric (MGE) has submitted a proposal for the Sunnyside Solar Energy System solar-plus-storage project with the Public Service Commission of Wisconsin (PSCW).

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

NextDecade's $18.4 billion Rio Grande LNG project phase 2 is under threat due to funding limitations ahead of a planned Final Investment Decision (FID) in H2 2024.

Catalyze has secured $100 million in financing from NY Green Bank for its 79MW portfolio of community distributed generation (DG) solar projects across New York.

Plug Power has received a $1.66 billion conditional commitment loan from the Department of Energy (DOE) to construct up to 6 clean hydrogen facilities across the US.

Biofuels business Clean Energy Fuels and dairy digester developer Maas Energy Works have entered a joint development agreement to build 9 renewable natural gas (RNG) production facilities at dairy farm sites.

Apex Clean Energy has closed a $150 million financing with First Citizens Bank for 2 battery storage projects in Texas.

State-owned Eletrobras has signed a pair of memoranda of understanding (MoU) to support the development of green hydrogen in Brazil.

Engie has requested permission to cease operations of its remaining coal-fired power plants in Chile.

Nuclear fission company Oklo has signed a memorandum of understanding (MoU) with Atomic Alchemy to produce isotopes, necessary for creating and recycling fast reactors.

BOCA, a joint venture between BrightNight and Cordelio Power, has closed a $414 million project financing for its 300MW/600MW Box Canyon solar-plus-storage project led by Zions Bancorporation.

The National Energy Commission (CNE) has granted a permanent concession to phase 2 of the Montecristi solar project in the Dominican Republic.

State-owned utility ENEE (Empresa Nacional de Energía Eléctrica) has launched an international auction for the construction of a $132.5 million transmission project in Honduras.

Texas-based CapturePoint and Energy Transfer have signed a letter of intent (LOI) to jointly develop a carbon capture and permanent deep underground storage project in Louisiana.

Nautilus Solar Energy and TurningPoint Energy (TPE) have partnered on a 29.3MW portfolio of community solar projects in Illinois.

Renewable developer AXS Energia has landed financing for a portfolio of solar DG assets in Brazil from Corporación Interamericana para el Financiamiento de Infraestructura (Cifi).

Mexico’s Comisión Federal de Electricidad (CFE) has secured a €150 million ($161m) line of credit for the implementation of a floating solar project.

Renewable developers EDF Renewables Development, Naturgy, Candela, and Longroad Energy are seeking regulatory approval for more than 3GW of solar in Nevada’s Esmeralda County.

Tax credit transfer fintech company Crux Climate has facilitated the sale of $3.5 million in investment tax credits (ITCs) with enXchange to an undisclosed third party in Oklahoma.

Renewable developer Recurrent Energy is planning to develop a 250MW solar project in Chile.

State-owned oil and gas giant Petrobras has signed a memorandum of intent (MoI) with power generation company Karpowership to partner in the natural gas and power sectors.

Eaton has partnered with Endurant Energy to develop 10 battery storage projects in New York City, totalling 150MWh and an estimated $7 million investment.

Brazil is already the leader in the energy transition. The country’s power matrix stands out in its composition with close to 90% coming from renewable sources including hydroelectricity. Yet, growth opportunities remain vast in the renewable sector and beyond. According to the Brazilian Association of Infrastructure and Base Industries (ABDIB), Brazil is looking to bridge a $50 billion a year gap in infrastructure investments.

Renewables developer Auren Energia has raised R$400 million ($79m) to refinance assets in Brazil.

Santiago-based renewable developer Biwo Renovables is adding a duo of standalone battery energy storage system (BESS) projects to its development pipeline in Chile.

Renewable developer Grupo Río Alto Energias Renováveis has requested financing from the Northeast Development Fund (FDNE) for a solar complex in Brazil.

Brookfield portfolio company Scout Clean Energy has closed a $100 million equipment supply loan with Rabobank for its pipeline 2.2GW of late stage of wind, solar, and energy storage projects.

The Department of Energy (DOE) has opened the application process for the first round of CO2 transportation infrastructure awards, which totals $200 million.

Brazilian developer 2W Ecobank has reached financial close on phase 2 of its Kairos wind project located in the state of Ceará.

Alberta, Canada-based Capital Power has cancelled its $2.4 billion Genesee carbon capture and storage (CCS) project after determining the project was not financially viable.

AES Brasil has raised R$900 million ($176m) in debentures for projects belonging to the company’s Cajuína wind complex.

Captona and UBS Asset Management Real Estate & Private Markets have finalised a joint venture investment in 4 battery energy storage (BESS) projects in Texas totalling 728MW/1GWh.

The Bureau of Ocean Energy Management (BOEM) has released 2 proposed sales for 18GW of offshore wind energy areas off the coast of Oregon and the Gulf of Maine.

Norwegian power company Statkraft will invest R$926 million ($178m) to transform 2 wind projects into hybrid complexes.

Plus Power has closed a $82 million tax equity investment with Morgan Stanley for its 90MW/360MWh Superstition Energy Storage project in Arizona.

Eletrobras has signed a memorandum of understanding (MoU) with the state of Maranhão for the development of green hydrogen.

Brookfield Asset Management – alongside Brookfield Renewable – and Microsoft have signed a global renewable energy framework agreement to meet the technology company’s sustainability goals.

The National Energy Commission (CNE) has granted a permanent concession to Santa Clara Energy Group for a solar project in the Dominican Republic.

energyRE has landed a $240 million financing package for its 108MW/198MWh Lone Star Solar-Plus-Storage project in South Carolina.

Petrobras has signed a memorandum of understanding (MoU) with the government of the state of Rio Grande do Norte in Brazil for offshore wind generation.

FuelCell Energy has closed a $13 million debt financing with Liberty Bank and Connecticut Green Bank for 2 operating community fuel cell projects in Connecticut.

Construction and development firm Skanska has been awarded an $861 million contract to develop an offshore wind port at the South Brooklyn Marine Terminal (SBMT).

Santiago-based developer Sagittar SpA is planning a 150MW solar project in Chile.

Banco Votorantim (Banco BV) has requested a loan from the International Finance Corporation (IFC) to support on-lending for solar distributed generation in Brazil.

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.

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.

YPF Energía Eléctrica (YPF Luz) is planning to develop the company’s fifth wind project in Argentina.

Santiago-based Plus Energia SpA is planning to develop a $350 million battery energy storage system project in Chile.

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.

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.

Solar developer Usinas Brasil Solar (BRS) and investment firm Grupo 4M are partnering on a portfolio of distributed solar assets.

Naturgy’s subsidiary Global Power Generation (GPG) is planning a solar project in the region of Atacama in Chile.

Renewable developer Hecate Energy has secured a siting agreement and conditional use permit for its 150MW solar project from Cumberland County, Virginia.

State-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has awarded 5 solar projects in Costa Rica.

Renewables infrastructure firm True Green Capital Management has partnered with Qcells to install up to 450MW of solar projects across the US.

Norwegian energy company Statkraft has received approval to move ahead and start construction of its Parina solar project in Chile.

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.

Brazil's state-owned oil and gas giant Petrobras is adding solar projects to 3 of the company’s refineries.

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.

Avalon International has agreed to build carbon capture facilities at green hydrogen company Big Hill Materials' planned US production sites.

Brazilian conglomerate Brasal is issuing R$170 million ($33 million) in debentures for a hydroelectric project in Brazil.

Avalon International has agreed to build carbon capture facilities at green hydrogen company Big Hill Materials' planned US production sites.

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.

H2 GreenMining is partnering with Ohmium International on the development of green hydrogen to decarbonise the mining sector in Chile.

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.

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.

Calibrant Energy has partnered with Ava Community Energy to deploy 75 public EV charging stations across 6 cities in Northern California.

Italian sponsor Limes Renewable Energy is adding to its development pipeline in Chile with a solar-plus-storage project.

Spanish developer Ecoener secured green financing for a solar project the company is developing in Guatemala.

Atlas SP Partners has backed Energy-as-a-Service company Redaptive with a $225 million warehouse financing facility.

Infinigen Renewables is partnering with FlexGen on a battery storage project in the Yabucoa municipality in Puerto Rico.

Peru’s ProInversión has prequalified 5 bidders in an upcoming auction that will see the agency award 3 transmission projects.

Octopus Energy has signed an agreement with Brazilian utility Grupo Energisa to support renewable generation development in the country.

IDB Invest and the US International Development Finance Corporation (DFC) are partnering to finance projects across renewables and infrastructure sectors in Latin America.

Brazilian power generator Eneva will issue R$2.5 billion ($475 million) in debentures to refinance assets.

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.

SolaREIT has closed $13 million in real estate financings for several NineDot Energy battery energy storage (BESS) projects in New York City.

Santiago-based renewable developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.

US-based Recurrent Energy has secured R$343 million ($70 million) in non-recourse project financing for a solar project in Brazil.

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.

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.

Renewable energy infrastructure investor Excelsior Energy Capital has signed a long-term agreement with solar manufacturer Heliene to acquire 2GW of PV modules.

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.

Peru’s Ministry of Energy and Mines (MINEM) is readying 26 renewable energy projects to be built in the coming years.

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.

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.

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.

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.

ExxonMobil and FuelCell Energy will extend their carbon capture research joint development agreement (JDA), PFR has learned.

Lader Energy's Puertos de Santander solar park has obtained an environmental permit from Colombia's national authority of environmental licences (ANLA).

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.

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.

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.

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.

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.

Carlyle-backed Copia Power has closed a $300 million corporate credit facility to support its 15GW solar and storage pipeline.

Spanish infrastructure builder and operator Elecnor won approval to build a 284MW wind farm and associated infrastructure in the Chilean region of Los Lagos.

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.

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.