North America
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Renewables operator ERG has closed on its acquisition of a 75% stake in a 317MW solar and wind portfolio with Apex Clean Energy.
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Lightshift Energy is set to build up to 50MW of battery storage projects for the Massachusetts Municipal Wholesale Electric Company (MMWEC) grid in a first-of-its-kind program.
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Southern Power has signed a virtual power purchase agreement (VPPA) with a consortium of 7 companies for the renewable energy credits (RECs) produced by the 180MW Millers Branch Solar Facility Phase II in Haskell County, Texas.
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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.
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Great Bay Renewables has appointed Peter Leahey as its chief financial officer and Josh Levine as chief commercial officer.
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Distributed generation platform Aspen Power will partner with a local developer to acquire and manage a portfolio of 20 community solar projects.
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Tax credit transfer platform Crux Climate has secured a partnership with the American Clean Power Association (ACP), connecting more than 800 CPA members to its platform.
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The Bureau of Land Management has opened bidding on 5 lease sales for oil and gas-ready land across the US.
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Troutman Pepper has hired a renewable energy partner to its Capital Projects and Infrastructure Practice at its Los Angeles office.
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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.
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Utility-scale independent power producer Alternus Clean Energy will acquire more than 80MW of operating solar projects in the US from C2 Energy Capital at a value of $60 million.
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Plus Power has closed a $82 million tax equity investment with JP Morgan for its 90MW/360MWh Superstition Energy Storage project in Arizona.
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Carlyle-backed solar and storage developer Copia Power has hired the former Arevon head of project finance as its managing director and head of capital markets.
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Brookfield Asset Management – alongside Brookfield Renewable – and Microsoft have signed a global renewable energy framework agreement to meet the technology company’s sustainability goals.
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Former Fengate Asset Management director Vince Castranovo has been hired by Calpine as vice president, corporate development.
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ITC Midwest has closed on its acquisition of transmission assets from Iowa's Maqouketa Municipal Electric Utility, PFR has learned.
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Colorado-based Humble Midstream II Partners has hired Brian Newmarch and John Shefchik as CFO and VP, engineering and construction, respectively.
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Hitachi Energy has invested more than $100 million alongside Investissement Quebec to upgrade and modernise its power transformer factory in Varennes and other facilities in Montreal.
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Houston-based independent power producer WattBridge Energy has hired Steven Sneed as commercial director.
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The New Jersey Board of Utilities (NJBPU) has opened the application process for its fourth offshore wind solicitation, targeting up to 4GW.
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Georgia Power Company (GPC) has closed on its $317 million transmission line sale to Georgia Transmission Corporation (GTC), PFR has learned.
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The New York State Energy Research Development Authority (NYSERDA) has awarded conditional agreements to utility-scale onshore renewables projects totalling 2.4GW.
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WEC Energy Group has agreed to acquire a 90% ownership interest in the 300MW Delilah I Solar Energy Center from Invenergy for $459 million.
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Altus Power has named Gregg Felton as sole chief executive after Lars Norell resigned as co-CEO and director.
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The Nordex Group and has appointed Manav Sharma as chief executive, North America to lead the wind turbine maker’s expansion in the US.
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energyRE has landed a $240 million financing package for its 108MW/198MWh Lone Star Solar-Plus-Storage project in South Carolina.
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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.
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Ocean Power Technologies’ corporate controller, treasurer, and principal accounting officer, Joseph DiPietro, has left the company, PFR has learned.
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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).
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NextEnergy Capital’s fifth fund has raised $745 million, nearing half of its $1.5 billion target.
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Pine Gate Renewables has closed a $650 million investment round led by Generate Capital, the Healthcare of Ontario Pension Plan (HOOPP), and HESTA.
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The US Treasury Department has released the final rules for the transferable tax credits of the Inflation Reduction Act (IRA).
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Duke Energy has sold an aggregate principal amount of $177.3 million Series A storm recovery bonds to fund transmission repairs caused from major storms, PFR has learned.
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The Governor's Energy Office of Maine has released a request for information (RFI) regarding the state's first utility-scale offshore wind auction, totalling 3GW.
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Alternus Clean Energy CFO, Joseph Duey, has resigned effective 30 April 2024, PFR has learned.
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The US Department of Transportation has awarded $148 million in grants to 16 EV and renewable natural gas (RNG) projects to help reduce air pollution at ports across the US and Puerto Rico.
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Evergy has closed on the acquisition of a 22.2% stake in the 655MW natural gas-fired Dogwood Energy facility.
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Axium Infrastructure’s Coachella subsidiary will sell its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
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Sunpower has closed business units and made layoffs as part of its efforts to secure long-term financial sustainability amid restructuring and refinancing initiatives.
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Agilitas Energy has closed $100 million in debt financing from Nomura to grow its 250MW portfolio of solar and energy projects in the northeast US.
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The Department of Energy (DOE) selected LS Power's Southwest Intertie Project-North (SWIP-North) as a fourth conditional project for the first round of its Transmission Facilitation Program.
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The Bureau of Ocean Energy Management (BOEM) has issued a 5-year offshore wind leasing schedule that will see 12 offshore wind energy lease sales through 2028.
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Central Coast Community Energy (3CE), a California community choice aggregator, has issued a request for proposals (RFP) for clean energy and storage power purchase agreements (PPAs).
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GA Drilling, a deep geothermal company, has closed $15 million in financing from several investors to scale its geothermal technologies.
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BW Solar has agreed to sell 12 New York community solar projects totalling 76.7MW to solar and battery storage developer Catalyze.
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Renewable developer Hecate Energy has secured a siting agreement and conditional use permit for its 150MW solar project from Cumberland County, Virginia.
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The Hyundai Motor Group has signed a 15-year solar power purchase agreement (PPA) with Matrix Renewables.
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Microsoft's Climate Innovation Fund has invested in sustainable fuels technology business and clean fuels producer LanzaJet.
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Renewables infrastructure firm True Green Capital Management has partnered with Qcells to install up to 450MW of solar projects across the US.
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Greenbacker Renewable Energy Company has closed its sale-leaseback deal with Huntington National Bank, securing $437 million to finance the repowering of a 3 asset wind portfolio.
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The New York State Energy Research and Development Authority (NYSERDA) plans to deploy $500 million in investment commitments to establish an offshore wind supply chain in New York State.
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The University of Dayton and AES Ohio have entered into a power purchase agreement (PPA) for a waste-to-energy project that will provide the University with 100% of its power.
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The Department of Energy (DOE) has awarded $1.93 billion in qualifying advanced energy project tax credit allocations – known as 48C tax credits – to 35 projects focused on renewable manufacturing and greenhouse gas emission reduction.
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Avalon International has agreed to build carbon capture facilities at green hydrogen company Big Hill Materials' planned US production sites.
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Southwest Gas has closed on its near $300 million initial public offering (IPO) of subsidiary Centuri Holdings.
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Avalon International has agreed to build carbon capture facilities at green hydrogen company Big Hill Materials' planned US production sites.
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US-based firm Bernhard has entered a 30-year energy-as-a-service (EaaS) partnership with Hackensack Meridian Health (HMH), resulting in a $134 million solar energy and battery storage system.
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Solar manufacturer Maxeon Solar Technologies has filed another patent infringement lawsuit regarding its PV solar cell technology in Texas.
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Clifford Chance has hired Joclynn Marsh as counsel in its energy and oil and gas related infrastructure practice.
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Clearway Energy Group has closed a $174 million project financing and finalised a power purchase agreement (PPA) for its Dan's Mountain wind farm in Western Maryland.
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The New York State Energy Research and Development Authority (NYSERDA) has closed its 2022 solicitation tender with no final awards given after GE Vernova "caused material changes" by changing its turbine design for the projects.
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New England states have jointly-submitted applications to compete in the second round of the Department of Energy (DOE)’s Grid Innovation Program (GIP) which has $1.82 billion to award.
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Solar manufacturer Maxeon Solar Technologies has filed a patent infringement lawsuit against REC Solar Holdings regarding its PV solar cell technology in Texas.
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Minority stake sales in renewables platforms are becoming more common as sellers look to “recycle capital’, according to Ammad Faisal, senior managing director, Marathon Capital.
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Renewable energy executives – speaking at S&P Global Power Markets – are downplaying the political risk of the November US election on the nation’s energy transition.
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Calibrant Energy has partnered with Ava Community Energy to deploy 75 public EV charging stations across 6 cities in Northern California.
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An Arizona federal judge has rejected a request by Native American tribes and environmental groups to halt the construction of Pattern Energy's SunZia project.
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Asset management firm Connor, Clark & Lunn Infrastructure (CC&L) has closed on the acquisition of an 80% stake in the Sharp Hills wind farm from EDP Renewables Canada (EDPR Canada).
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Engie North America has inked an agreement to develop 12 renewable projects totalling 15GWh to power the facilities of technology and science company RTX.
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HASI has amended and extended its corporate unsecured credit facility with 14 banks to $1.65 billion, including a revolving line of credit, term loan A, and Green Commercial Paper Note Program (CarbonCount Green CP).
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Colorado-based renewables company Scout Clean Energy has signed a 12-year virtual power purchase agreement (VPPA) with Zoetis for a 50MW portion of its Heart of Texas wind farm.
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Atlas SP Partners has backed Energy-as-a-Service company Redaptive with a $225 million warehouse financing facility.
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BP has made significant shifts in its leadership structure as its head of natural gas and low carbon energy, Anja-Isabel Dotzenrath, steps down.
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Boeing is buying 9.4 million gallons of blended sustainable aviation fuel (SAF), for its ecoDemonstrator programme and 2024 US commercial operational flights, from Neste as offtake agreements in the sector ramp up.
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ForeFront Power, a commercial and industrial solar energy and storage developer, has hired Ruben Fontes as chief executive.
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The technology venture arm of US-based oil & gas producer Chevron has launched a third fund with $500 million in capital.
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Arevon Energy has inked a long-term tolling agreement with electricity provider MCE for its 250MW Cormorant Energy Storage Project in Daly City, California.
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Battery storage developer Spearmint Energy has hired four senior executives to its project finance, capital markets, regulatory affairs, and commercial operations teams.
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PPL Corporation's CEO told the room of power executives at S&P's Global Power Market Conference 2024 that more natural gas power is needed despite a focus on renewables.
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Madison Energy Infrastructure has acquired the commercial assets, solar development pipeline, and development team of Sun Tribe Solar.
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Origis Energy has closed a $136 million construction financing facility and a conversion-to-term loan from MUFG for its 75MW Rice Creek Solar project in Florida.
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Lightshift Energy, a utility-scale energy storage developer, has hired Robert Greskowiak as chief commercial officer.
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Nova Clean Energy has acquired HyFuels, a 1GW mid-to-late-stage wind and solar development that also contains an early-stage green ammonia project on the Texas Gulf coast.
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SolaREIT has closed $13 million in real estate financings for several NineDot Energy battery energy storage (BESS) projects in New York City.
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US-based manager Galway Sustainable Capital has made 4 hires across its business following investments from Macquarie Asset Management (MAM) and Aware Super.
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NextEra Energy has entered into an offtake agreement with wholesale power provider Guzman Energy and local electric cooperative Holy Cross Energy (HCE) for 100% of the capacity of its 200MW Bronco Plains II wind project in Colorado.
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Arevon Energy has appointed the former co-president of Starwood Infrastructure Finance as its chief investment officer, based in New York.
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Copenhagen Infrastructure Partners (CIP) has acquired Liberty Renewables and its 1.3GW pipeline of onshore wind projects in New York State.
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Vinci Group has acquired a minority stake in NatPower SA, a renewable energy developer which operates in Italy, the UK, and the US, in a deal valued at €50 million ($53m).
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Renewables developers are readying themselves for more supply chain disruption as additional tariffs on China-made panels are under consideration from the US government.
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Renewable infrastructure firm Schroders Capital has hired Jason Kezelman and Loren Sageser as head of US sales and senior product strategist in its private debt and credit alternatives (PDCA) team, based in California.
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Commercial solar and clean energy development platform Sunrock Distributed Generation (DG) has entered a tax equity partnership with US student and consumer loan financier Nelnet.
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KKR Infrastructure Conglomerate (K-Infra) and its subsidiaries have signed a $150 million revolving credit facility that allows the company to borrow up to $1 billion.
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Arcadia, a utility data and community solar platform, has closed a $50 million investment round led by a Macquire Asset Management fund to support its community solar program in the US.
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Renewable energy infrastructure investor Excelsior Energy Capital has signed a long-term agreement with solar manufacturer Heliene to acquire 2GW of PV modules.
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Oil, gas and NGL company Chord Energy and Canadian O&G giant Enerplus have cleared the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their $11 billion business combination, PFR has found.
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Energy giant Sunoco has exhausted the required waiting period to satisfy a condition of a $7.3 billion deal to acquire independent pipeline operator NuStar Energy.
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California Independent System Operator (CAISO) has announced that 2 of the offshore wind-related transmission processes will be part of a May 2024 competitive transmission procurement.
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The US offshore wind sector continues to gain momentum with the latest round of regulatory approvals as financiers begin to prep the paperwork to fund these mega projects.
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Verdagy has entered a global strategic agreement to deliver its green hydrogen electrolysis technology to renewables developer Doral in Europe, US, Australia and the Middle East through 2030.
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Riley Exploration Permian has closed on sale of its 2.1 million shares of common stock, netting the company $25.4 million, PFR has learned.
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Community solar developer Nexamp has secured a $520 million investment led by Manulife Investment Management to fund its over 2GW project pipeline in the US.
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Arevon Energy has closed a $352 million credit facility with a consortium of banks led by the Canadian Imperial Bank of Commerce (CIBC) for its 228MW Posey Solar Project in Indiana.
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New Rise Renewables has launched its 3,200 barrel-per-day renewable sustainable aviation fuel (SAF) facility in Nevada.
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Engie has signed a virtual power purchase agreement (VPPA) with Sonoco, a sustainable packaging company, for 140MW of its 270MW Big Sampson Wind Project, which is under construction in Texas.
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Latham & Watkins has hired Daniel Sinaiko as a partner in the firm’s project development & finance practice and the energy & infrastructure industry group, based in Los Angeles, California.
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Renewable energy infrastructure fund manager Excelsior Energy Capital has launched Lydian Energy, an independent power producer (IPP) specialising in the development, construction, and operation of utility-scale solar and battery energy storage projects in North America.
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Nuclear technology company Oklo has signed a long-term power purchase agreement (PPA) for a 50MW project with major oil producer Diamond Energy.
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Enbridge subsidiaries Enbridge Energy Partners and Spectra Energy Partners have closed on their offering of $3.5 billion in senior notes, PFR has learned.
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ExxonMobil and FuelCell Energy will extend their carbon capture research joint development agreement (JDA), PFR has learned.
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Eco Wave Power, a Stockholm, Sweden-based onshore wave energy technology company, has secured Shell as a co-investor for its Port of Los Angeles pilot wave energy project.
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Chesapeake Energy’s $7.4 billion merger with Southwestern Energy has been delayed following a request from the Federal Trade Commission (FTC).
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Utility-scale energy storage developer esVolta has secured a $185 million senior secured credit facility from a consortium of banks led by Nomura Securities International.
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Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.
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Lightsource BP has proposed the sale of its Happy and Oxbow solar facilities, PFR has learned.
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The Department of Energy (DOE), the US Treasury Department, and the IRS have awarded $4 billion in tax credits to 100 projects across clean manufacturing, critical materials, and industrial decarbonisation.
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Alternus Clean Energy, a utility-scale independent power producer, has entered a joint venture partnership with Acadia Energy to develop 200MW of microgrid projects in New York State.
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The Department of Energy (DOE), Treasury Department, and IRS have jointly awarded an $18.3 million transferable tax credit to electrolyser producer Electric Hydrogen (EH2) for its manufacturing plant in Devens, Massachusetts.
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Grid-scale battery company Energy Vault has selected Michael Beer as its chief financial officer.
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Chevron New Energies (CNE) has led a $45 million Series A financing for ION Clean Energy, a carbon capture technology company.
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Carlyle-backed Copia Power has closed a $300 million corporate credit facility to support its 15GW solar and storage pipeline.
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Tri-State Generation will replace retiring chief operating officer (COO) Billy Ingold with 2 internal promotions, PFR has learned.
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TortoiseEcoFin has hired Courtney Gengler as the chief executive of Tortoise's closed-end funds effective 1 April, 2024, PFR has learned.
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United States Steel (US Steel) and carbon capture technology business CarbonFree have signed an agreement to capture CO2 emissions generated from US Steel’s Gary Works Blast Furnaces.
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Granite Shore Power has announced the retirement of its 439MW Merrimack coal plant in 2028, marking the end of the last operating coal plant in New England.
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Independent natural gas and oil company HighPeak Energy will up its existing $75 million credit agreement to $100 million, PFR has learned.
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Canadian Solar subsidiary Recurrent Energy has secured a €110 million ($120m) multi-currency facility from a consortium of banks led by Investec to support its solar and storage project pipeline in Canada, the US, and abroad.
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Law firm Akin has hired Ian Goldberg, a former Hunton Andrews Kurth energy transactions lawyer, as a partner at its Houston, Texas, office.
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International capital is heading to US renewables at what many in the space are calling “record breaking” pace.
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Rockland Power will up its stake in the 237MW Eagle Point Power Generation plant by 13%, PFR has learned.
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