Public Funds
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A utility company and two consortiums representing local governments are raising project financing for a wind facility under construction in Canada.
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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.
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A fund of Denmark’s Copenhagen Infrastructure Partners has acquired two development-stage Texas wind projects, totaling 516 MW, from Tri Global Energy.
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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.
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An Argo Infrastructure Partners subsidiary has bought the Cross Sound Cable from an affiliate of Brookfield Infrastructure Partners.
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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.
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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.
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Harbert Management Corp. has closed its Harbert Power Fund V with $485 million in equity commitments from 58 investors.
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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.
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Developers and financiers have bid a bounty of different technologies and project sizes into New York Green Bank’s request for proposals.
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The New York Green Bank, a New York-state sponsored investment fund, is looking to add a team of securitization experts, Alfred Griffin, president of N.Y. Green Bank told attendees at the Sunshine Backed Bond conference in New York.
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Australian outfit Liquefied Natural Gas Limited has privately place $49.5 million in shares to existing institutional investors in Australia and the U.S. to fund the company’s operations until it reaches financial close on the debt for its $2.2 billion Magnolia LNG project.
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Renato Plastina, managing director of energy, infrastructure and project finance at BNP Paribas, has left the bank to take a position at an unidentified institutional investor.
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Someera Khokhar, the Americas regional section head for White & Case’s energy, infrastructure, project finance and asset finance group and José Ignacio Segura Alonso, White & Case local partner look at how a 2012 law will attract investors to the country.
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Industry officials expect to see several developers to pursue yield company structures in the next year following the success of NRG Energy and Pattern Energy’s breakthrough deals.
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Nearly 100 active borrowers, asset acquirers and sellers, lenders, attorneys and advisors voted in our new and expanded awards process.
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Financing the massive transition of the U.S. military to renewable energy resources presents a tremendous opportunity, coupled with significant challenges, to developers, lenders, and investors in renewable energy power projects serving the military.
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A thirst for yield is pushing more institutional investors into private equity funds backing power and energy projects in the U.S.
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This week’s Industry Current is written by Steve Loeshelle and Mike Fitzpatrick, partners, and Adam O’Brian, an associate, at Hunton & Williams in New York.
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Financiers are looking for ways to increase the role of commercial lenders in project finance deals in Brazil, a market that has traditionally been dominated by Banco Nacional De Desenvolvimiento Econômico e Social.
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Developers bidding in to a call for a more than $2 billion hydro project in northeastern Colombia are working with lenders to come up with financing for the project.
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Multilateral financial institutions are looking at taking bigger tickets in project financings and considering modifications to traditional deal structures.
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Dynegy is looking to put one of its non-generation subsidiaries into bankruptcy protection that will restructure $4 billion in debt.
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Herb Allison, a former Merrill Lynch president, has been appointed by the White House to oversee an independent review of the U.S. Department of Energy’s loan guarantee program.
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Access Capital Advisers, an Australian infrastructure investment manager, is looking to invest $1 billion in the U.S. and globally on behalf of Australian pension funds.
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Excelsior Energy needs to line up private or public funds to keep its $2.1 billion Iron Range gas-fired project— originally slated to be coal gasification—near Balsam, Minn., alive.
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High Plains Diversified Energy Corp. has shelved its plans to purchase the 1 GW Odessa combined cycle plant from PSEG Power after a Texas judge ruled last week that the municipal utility didn’t have authority to issue bonds to finance the $335 million acquisition.
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PPL Corp. will sell $750 million of equity units and 80 million common shares.
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Scatek Solar, a subsidiary of Norwegian renewable shop Scatek SA, is looking for a strategic investor or a buyer for a 156 MW of photovoltaic projects in the U.S.
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Competitive Power Ventures expects to finalize the $400 million financing backing its 850 MW Sentinel combined-cycle facility in the middle of next month.
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