Public Funds

A utility company and two consortiums representing local governments are raising project financing for a wind facility under construction in Canada.

PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for Latin America Project Finance Deal of the Year.

A fund of Denmark’s Copenhagen Infrastructure Partners has acquired two development-stage Texas wind projects, totaling 516 MW, from Tri Global Energy.

Norwegian independent solar power producer Scatec and the Norwegian state-owned investment fund for developing countries, Norfund, have acquired a 53 MW solar project in Honduras.

An Argo Infrastructure Partners subsidiary has bought the Cross Sound Cable from an affiliate of Brookfield Infrastructure Partners.

This week’s Industry Current is written by Randy Male, managing director at boutique investment banking firm Bostonia Partners in Boston. Male discusses the growing appetite for yield companies and evolving trends in renewables financing.

This week’s Industry Current is written by David Burton, partner at Akin Gump Strauss Hauer & Feld in New York. Burton, who focuses on tax matters with an emphasis on project finance and energy transactions, examines the now delayed Sol-Wind IPO and compares it to traditional yield companies and master limited partnerships.

Harbert Management Corp. has closed its Harbert Power Fund V with $485 million in equity commitments from 58 investors.

Innergex Renewable Energy has formed a joint venture with the In-SHUCK-ch Nation to develop a C$720 million ($661 million) portfolio of six hydro projects totaling roughly150 MW in British Columbia.

Developers and financiers have bid a bounty of different technologies and project sizes into New York Green Bank’s request for proposals.