Region
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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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Santiago-based Plus Energia SpA is planning to develop a $350 million battery energy storage system project in Chile.
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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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Solar developer Usinas Brasil Solar (BRS) and investment firm Grupo 4M are partnering on a portfolio of distributed solar assets.
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Naturgy’s subsidiary Global Power Generation (GPG) is planning a solar project in the region of Atacama in Chile.
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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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State-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has awarded 5 solar projects in Costa Rica.
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Chilean energy group Copec has agreed to acquire a 123MW solar project from Solarpack’s subsidiary Maria Elena.
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Norwegian renewable energy provider Scatec and energy company Statkraft have signed a power purchase agreement (PPA) for a solar plant in Brazil.
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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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Norwegian energy company Statkraft has received approval to move ahead and start construction of its Parina solar project in Chile.
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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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Brazil's state-owned oil and gas giant Petrobras is adding solar projects to 3 of the company’s refineries.
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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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Brazilian conglomerate Brasal is issuing R$170 million ($33 million) in debentures for a hydroelectric project in Brazil.
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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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H2 GreenMining is partnering with Ohmium International on the development of green hydrogen to decarbonise the mining sector in Chile.
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The Government of São Paulo has sold its shares in Empresa Metropolitana de Águas e Energia (Emae) placing the power company in private ownership.
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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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Italian sponsor Limes Renewable Energy is adding to its development pipeline in Chile with a solar-plus-storage project.
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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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Stellantis has agreed to buy into solar developer 360Energy in Argentina.
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Spanish developer Ecoener secured green financing for a solar project the company is developing in Guatemala.
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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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Power generation company Engie Energía Chile has issued $500 million in green bonds on international markets.
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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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Infinigen Renewables is partnering with FlexGen on a battery storage project in the Yabucoa municipality in Puerto Rico.
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Peru’s ProInversión has prequalified 5 bidders in an upcoming auction that will see the agency award 3 transmission projects.
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Octopus Energy has signed an agreement with Brazilian utility Grupo Energisa to support renewable generation development in the country.
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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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IDB Invest and the US International Development Finance Corporation (DFC) are partnering to finance projects across renewables and infrastructure sectors in Latin America.
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Brazilian power generator Eneva will issue R$2.5 billion ($475 million) in debentures to refinance assets.
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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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Santiago-based renewable developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.
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YPF Luz, the power generation arm of oil and gas company YPF, has appointed Pedro Kearney as chief financing officer, based in Buenos Aires.
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US-based Recurrent Energy has secured R$343 million ($70 million) in non-recourse project financing for a solar project in Brazil.
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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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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.
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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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Peru’s Ministry of Energy and Mines (MINEM) is readying 26 renewable energy projects to be built in the coming years.
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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.
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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.
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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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Engie Energía Chile has commenced a cash tender offer for any outstanding 4.5% notes due in 2025, totalling $350 million.
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Colombian oil company Ecopetrol has made 3 changes to its senior management team.
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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.
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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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Lader Energy's Puertos de Santander solar park has obtained an environmental permit from Colombia's national authority of environmental licences (ANLA).
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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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The International Finance Corporation (IFC) has committed up to R$250 million ($49.4m) to a Brazilian fund financing the acquisition and installation of distributed solar generation assets.
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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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Brazil has introduced a bill to incentivize in the use of renewable energy by offering tax benefits on the investment in equipment for generating electrical energy from renewable sources.
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Eletrobras has approved its fifth issuance of non-convertible unsecured debentures, aiming to raise up to R$3.5 billion ($696.4m).
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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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Spanish infrastructure builder and operator Elecnor won approval to build a 284MW wind farm and associated infrastructure in the Chilean region of Los Lagos.
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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.
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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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The Bureau of Ocean Energy Management (BOEM) has given a Record of Decision (ROD) to Avangrid for its New England Wind lease area, the penultimate permit approval needed to construct its 2.6GW offshore wind projects.
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EDF Renewables Brasil and Serena Geração have completed the share swap of their stakes in the Pirapora Solar Complex and the Ventos da Bahia wind farm.
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Public Services Company of New Mexico (PNM) and its subsidiaries, PNM Resources and Texas-New Mexico Power Company (TNMP), have entered extended 3 revolving credit facilities, PFR has learned.
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Renewable fuels company Raven SR has closed $15 million in an investment round led by Ascent Funds to grow its production of synthetic fuels, hydrogen, and sustainable aviation fuel (SAF).
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French renewables company GreenYellow has secured financing of 172 billion pesos ($44.7m) with Banco de Bogotá for its 85MWp solar power generation portfolio in Colombia.
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Renewables focused-asset manager Greenbacker Capital Management (GCM) has expanded its team with the hire of Evan Sherman as head of real estate acquisitions.
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Natural gas utility Atmos Energy has entered into 2 revolving credit facilities totaling $3 billion, PFR has learned.
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Carbon removal credit platform Deep Sky and hybrid direct air capture (HDAC) company Avnos have partnered to incorporate their technologies at Deep Sky's lab in Canada.
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Maxeon Solar Technologies US has appointed Vikas Desai as its chief financial officer in the San Jose, California office.
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Mitsubishi Power Americas-owned battery business Prevalon Energy has agreed to develop a 328MWh battery energy storage system (BESS) signed to a long-term service agreement with Idaho Power.
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Solar and storage developer MN8 has closed a private placement at $325 million from Mercuria Energy Group and Ridgewood Infrastructure to grow its US pipeline of solar, storage, and electric vehicle (EV) charging projects.
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Enbridge has closed on the sale of its 50% stake in the Alliance Pipeline and its 42.7% stake in Aux Sable to Pembina Pipeline.
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Brazilian development bank BNDES and the French Development Agency (AFD) have signed an agreement to raise around R$1 billion ($200m) for green and sustainable infrastructure projects in the legal Amazon, North and Northeast regions of Brazil.
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Renew Energy Partners has completed financing on its fourth investment vehicle, Renew Energy Efficiency Projects 4 (EEP4), and signed a master revolving loan and security agreement with Mitsubishi.
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Natural gas giant CPS Energy will acquire Talen Energy Corporation’s approximately 1,710MW generation portfolio, including natural gas plants in Corpus Christi and Laredo, Texas.
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Carbon removals and renewables company Drax Group has entered a CO2 capture deal with Karbon-X.
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Utility-scale battery storage developer Lightshift has received $100 million in investments from 2 of Greenbacker Capital Management's sustainability and infrastructure-focused investment vehicles.
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Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the first transmission auction of the year.
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Brazilian utility Cemig is selling its 45% share in power generation company Aliança Energia to mining company Vale, making Vale the sole owner of Aliança.
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Brazilian developer 2W Ecobank has secured long-term financing for the second phase of its Kairós wind complex located in the state of Ceará.
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Shell North America has sold its 50% stake in the 2.4GW proposed SouthCoast Wind project with its joint venture partner Ocean Winds North America.
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Leeward Renewable Energy (LRE) has signed 2 power purchase agreements (PPAs) for 200MW with Microsoft.
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Vision RNG is to develop, build, own, and operate 3 landfill gas (LFG) to renewable natural gas (RNG) facilities at privately-owned landfills located in Alabama and Tennessee.
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Ørsted, Avangrid, and Vineyard Offshore among bidders of the 6GW to Massachusetts, Connecticut, and Rhode Island for the states' combined New England auction.
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The Department of Energy's (DOE) Loan Programs Office (LPO) has awarded energy equipment supplier Holtec $1.52 billion to restore its 800MW Palisades nuclear-generating station in Michigan.
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Neoenergia has signed a memorandum of understanding (MoU) with the government of Rio de Janeiro to support the development of offshore wind projects.
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Southeast PowerGen will sell both its 386MW MPC Generating Power Plant and its 692MW Sandersville gas-fired sites to Gulf Pacific Power, PFR has learned.
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The Bureau of Ocean Energy Management (BOEM) has approved Ørsted's 924MW Sunrise Wind project off the coast of New York, making it the seventh utility-scale offshore wind project approved under the Biden-Harris administration.
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Brookfield-backed renewable developer IVI Energia has acquired a portfolio of distributed generation solar assets in Brazil.
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Natixis Corporate & Investment Banking has closed a $900 million letter of credit with Invenergy to fund its project development pipeline of utility-scale wind and solar projects, as well as battery storage systems.
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Walmart has made a tax equity investment in a Pivot Energy community solar project portfolio, reaching its goal of supporting 1GW of renewable capacity across the US.
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The National Energy Commission (CNE) has granted a permanent concession to Empresa Generadora de Electricidad Haina for a solar project in the Dominican Republic.
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Renewable energy and decarbonisation platform Origis Energy has promoted Vikas Anand to chief executive.
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EDP Renewables North America (EDPR NA) and superstore megachain Walmart have inked a 15-year power purchase agreement (PPA) for part of a 180MW solar project in Texas.
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Elawan Energy landed financing from the Northeast Development Fund (FDNE) for a wind project the company is developing in Brazil.
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Renewable developer EBCO Energia is planning to develop a $160 million project in Chile.
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FirstEnergy has closed its $3.5 billion sale of an additional 30% ownership interest in its FirstEnergy Transmission subsidiary to Brookfield Super-Core Infrastructure Partners.
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Clean power developer Leeward Renewable Energy (LRE) has appointed Nate Graham as chief technology officer.
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Spanish developer Grenergy has completed the sale of wind assets in Peru to Engie Energía Perú.
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Renewables developer NextEra Energy will sell its 180MW Big Cypress solar photovoltaic facility to Crittenden County, Arkansas in a sale-leaseback deal, PFR has learned.
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The Department of Energy (DOE) has awarded $6 billion to 33 projects that aim to decarbonise some of the largest industrial sectors and communities in the US.
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The European Investment Bank (EIB) has signed a $125 million loan to support transmission development in Ecuador.
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Northland Power has begun the search for a chief executive with incumbent, Mike Crawley, set to leave the firm in September.
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Aemetis, a renewable natural gas (RNG) and fuels company, has been approved by the US Citizenship and Immigration Services (USCIS) for a $200 million EB-5 investment program for several RNG projects.
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Equatorial Energia has completed the sale of its transmission business Integração Transmissora de Energia (Intesa) in Brazil.
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The Department of Energy (DOE) has awarded $475 million in funding for 5 projects that feature renewable development on former mining lands. The projects are located across Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia.
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SunPower has fallen foul of Nasdaq listing rules amid debt restructuring caused by higher than expected losses in 2023.
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Doral Renewables has closed a $144 million project financing with HSBC for its Great Bend Solar project in Meigs County, Ohio.
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Invenergy has closed $1.27 billion in construction financing with Natixis Corporate & Investment Banking (CIB) on 4 renewables projects in Kansas and Texas, totalling 677MW.
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Green hydrogen promises to be a game changer in global energy transition with the possibility it presents in decarbonising industries. Latin America has positioned itself as a frontrunner in the emerging space with mega projects being lined up by developers across the continent.
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Latin American asset manager Patria Investments is launching an energy trading and commercialisation platform in Brazil.
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Ørsted continues leadership changes after suffering significant impairments in 2023 from US offshore wind projects with the hire of Rasmus Errboe as deputy chief executive officer and chief commercial officer.
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Spanish developer Solarpack has landed a $176.6 million senior financing package for the company’s San Martín solar plant in Peru.
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Renewable energy developer and producer RIC Energy will sell 7 photovoltaic plants in upstate New York to distributed energy platform Radial Power.
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Quinbrook Infrastructure Partners portfolio company Primergy Solar has signed a long-term power purchase agreement (PPA) with local utility San Diego Community Power (SDCP) for its 400MW/1.6GWh Purple Sage Energy Center, a solar-plus-storage project.
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InfraRed Capital Partners has closed its purchase of shares in 2 utility-scale onshore renewables projects from Shell's US subsidiaries, Shell Windenergy and Savion, for $166 million.
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Atlas Renewable Energy signs a power purchase agreement (PPA) for a battery energy storage system (BESS) the company operates in Chile.
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Cheniere Energy has closed the sale of a $1.5 billion aggregate principal senior notes offering, PFR has learned.
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Investment firm KKR has acquired a majority stake in utility-scale solar and storage developer Avantus, joining existing investor EIG in a $1 billion investment.
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Chilean developer Viento Verde is planning to expand an existing wind project that was approved in 2015.
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The Lancaster, California city planning commission has approved Element Resources' renewable hydrogen and solar facility, taking the next step in the partnership after signing a Memorandum of Understanding (MoU) with the developer in 2023.
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State-owned oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Mistui & Co to explore low-carbon solutions in Brazil.
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An Eagle Creek Renewable Energy affiliate has acquired US-based community solar developer and owner Lightstar Renewables.
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EverWind Fuels has signed a green hydrogen memorandum of understanding (MoU) with Nova Scotia-based energy distribution company Eastward Energy.
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The Bureau of Ocean Energy Management (BOEM) has proposed a second offshore wind lease sale for the Gulf of Mexico. The sale includes 4 sites off Louisiana and Texas which have the potential to power up to 1.2 million homes.
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New Fortress Energy (NFE) has completed the acquisition and transfer of a 1.6GW capacity reserve contract from Ceiba Energy, a company of Denham Capital.
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Renewable natural gas (RNG) platform Viridi Energy has acquired a legacy biosolids digester plant in Brunswick, Maine.
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IDB Invest has issued 2 sustainable bonds in local currency to support renewable energy and infrastructure projects in Latin America.
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The US Department of Energy's Loan Programs Office (LPO) and UK Export Finance (UKEF) have signed a memorandum of understanding (MoU) for cooperation on joint financing for energy and green infrastructure projects.
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Renewable developer Genneia has inked a power purchase agreement (PPA) with Shell in Argentina.
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Santiago-based renewable developer Biwo Renovables is planning a standalone battery energy storage system (BESS) project in Chile.
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EDP Renewables North America has partnered with Volt Energy Utility to develop the 110MW Hickory Solar Park, which has secured an agreement with Microsoft to purchase electricity and renewable credits (RECs).
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UAE state-owned developer Masdar is set to acquire a 50% stake in US-based independent renewable energy power producer Terra-Gen Power from Energy Capital Partners (ECP).
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Renewables developer Arevon Energy has entered into a 15-year energy storage service agreement with local utility San Diego Community Power (SDPC) for its Avocet Energy Storage Project.
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Fiera Infrastructure Private Debt has joined Nomura Securities in a $200 million financing for Spanish developer Greenalia's 3GW wind and solar project pipeline in the US.
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Talos Energy will sell its wholly-owned subsidiary Talos Low Carbon Solutions (TLCS) to TotalEnergies E&P USA.
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Renewable developer Serena Energia (formerly Omega Energia) is planning a secondary share offering in Brazil.
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Sunrise Mountain Partners and CleanCapital, a C&I and distributed generation (DG) solar owner and operator, have extended their co-development partnership.
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Babcock & Wilcox's (B&W) thermal subsidiary has signed a $246 million agreement to complete a 1GW coal-to-natural gas conversion project.
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New Fortress Energy has sold a pair of emergency gas-fired power plants the company built last year on behalf of US Army Corps of Engineers.
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Partners Group subsidiary Exus North America has closed on its acquisition of onshore wind projects from Dutch commodity trader Vitol and Oppidum Green Energy.
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Baker Botts has hired a partner to join its energy, projects, and transactions practice of the firm’s global projects department.
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CapturePoint has sold 100% of the 45Q tax credits generated by carbon dioxide (CO2) capture at its Arkalon CO2 facility near Liberal, Kansas to an unnamed buyer in a 12 year agreement.
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King & Spalding has hired an energy-focused tax partner for its New York-based corporate practice group.
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The energy transition encompasses an array of technologies that will need to be developed and scaled. This includes carbon capture and sequestration (CCS), green hydrogen and its derivatives, SAF, and more. Getting projects to bankability in Latin America has been a challenge however as offtake demand is just to appear at a scale for developers to land the the capital needed to deploy their technologies, according to panelists at IJLatam 2024 in Miami.
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ExxonMobil and FuelCell Energy are renegotiating their carbon capture joint development agreement (JDA) as it nears termination, PFR has learned.
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Schneider Electric plans to invest $140 million into 2 Tennessee-based power distribution technologies manufacturing plants.
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Duke Energy has made a series of executive leadership changes as executive president and chief commercial officer Steve Young retires.
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The Bureau of Ocean Energy Management (BOEM) has finalised a Wind Energy Area (WEA) in the Gulf of Maine, which has a potential 32GW capacity.
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French energy company Engie has received the approval to move ahead and start construction of its Pemuco wind project in Chile.
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Power producer SCC Power has completed the expansion and conversion to combined cycle of the San Pedro power plant in Buenos Aires province.
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Sempra Infrastructure has reached a final investment decision (FID) for the $550 million Cimarron wind project the company is developing in Baja California, Mexico.
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Ørsted's 132MW South Fork Wind is the first utility-scale offshore wind project to become fully operational in the US. The achievement comes after nearly a decade of industry struggles since the first large-scale transmission farm, Cape Wind, failed in 2015.
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Reformed Energy is to receive a strategic investment from Riot Platforms to fully commercialise its waste-to-energy technology.
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Brazilian utility Cemig has signed a power purchase agreement (PPA) under a self-production model to supply wholesale company Mart Minas.
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The Department of Energy's (DOE) Loan Programs Office (LPO) has signed a conditional loan of $72.8 million with the Tribal lands of the Viejas Band of the Kumeyaay Indians to develop a solar-plus-storage energy microgrid in Alpine, California.
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Spanish renewable developer Solarpack has appointed José Luis García Pérez as chief executive for Latin America, based in Santiago, Chile.
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Nuclear power plant operator Constellation Energy has offered $900 million in green senior notes due 15 March, 2054, PFR has learned.
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Residential solar technology and energy business SunPower has hired Tony Garzolini as executive vice president and chief revenue officer (CRO).
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Enel Americas and Enel Perú have landed approval for the $1.4 billion sale of their Peruvian generation assets to Actis-owned Niagara Energy.
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Sustainable aviation fuel (SAF) producer XCF Global Capital has agreed to combine with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition.
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The Department of Energy (DOE) has awarded $750 million for 52 green hydrogen projects across manufacturing, electrolysis technology, recycling, and more. Together, the projects are expected to produce 24GW of hydrogen in different forms.
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Inter-American Development Bank's (IDB) has made a $400 million dollar loan for the development of the green hydrogen and derivative projects in Chile.
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Atlas Energy Solutions has closed on its $450 million acquisition of Hi-Crush's Permian Basin proppant production assets and North American logistics operations.
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Eletrobras and engineering and industrial manufacturing group Paul Wurth have signed a memorandum of understanding (MoU) to develop green hydrogen in Brazil.
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CarbonCapture, a direct air capture (DAC) company, has secured $80 million in Series A financing, led by Prime Movers Lab, an investor in scientific-based startups.
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Danish developer Ørsted has agreed to sell its stakes in a 957MW operating wind portfolio in the US to Stonepeak for about $300 million.
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In little under a year Iberdrola closed the government-backed Mexico Infrastructure Partners’ (MIP) $6.2 billion acquisition of a majority stake in the Spanish company’s Mexican portfolio, ending years on tension between Iberdrola and the government.
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Renewable M&A activity in Latin America has slowed down in the last year, a phenomenon not endemic to the region with lower anticipated returns, high interest rates, and other factors including low energy prices hindering the space across jurisdictions.
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Financing greenfield projects across Latin America had been tough over the past few years as inflation and high interest rates continued challenge the region’s renewable energy sector.
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Brazilian project financing is rebounding with capital markets registering a record high of issuances again this year. Yet, large-scale projects are having difficulties accessing foreign capital in Brazil, a local currency market, panelists at IJLatam 2024 in Miami said.
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Longroad Energy has closed a debt facility with a consortium of banks led by CIBC and a tax equity loan from Athene Annuity and Life Insurance Company for its 444MW/855MWh Serrano solar project in Arizona. PFR understands the value of the financing to be $650 million.
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Microgrid and microturbine manufacturer Capstone Green Energy Holdings has hired Vince Canino as its president and chief executive.
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Renewable real estate investment fund SolaREIT has hired 3 senior vice presidents to its corporate and business development teams amid company expansion.
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Renewable energy infrastructure investor Excelsior Energy Capital will sell a 38-asset solar and storage portfolio to BlackRock’s Evergreen Infrastructure Partners Fund.
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The Development Bank of Latin America and the Caribbean (CAF) has obtained a $100 million credit line extension co-financed by the Japan Bank for International Cooperation (JBIC).
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Quaise Energy has secured $21 million in series A1 funding led by Purdue Ventures and Safar Partners to expand its deep geothermal energy operations.
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WEC Energy Group has hired the president and chief operating officer of Northern Indiana Public Service Company (NIPSCO), Michael Hooper as president of WEC’s We Energies and Wisconsin Public Service divisions effective 1 April, 2024.
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Delays on the development and licensing of transmission projects across Latin America is driving away investor interest, panelists at IJLatam 2024 in Miami said.
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EQT Corporation will acquire natural gas provider Equitrans Midstream Corporation in an all-stock transaction valued at $5.45 billion.
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Celsia Panama, an Argos group energy business, entered an agreement with Chevron of Panama to install and operate a 4.03MW solar plant to power the Bahía Las Minas, Colón fuel terminal.
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Law firm Sheppard, Mullin, Richter, & Hampton has hired tax attorney Julie Marion to the energy, infrastructure, and project finance team as partner in Chicago.
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The Dominican Republic municipal organisation Grupo Puntacana and Caribbean-based developer Eurelius have signed an agreement to develop a large-scale solar project in Punta Cana, which will provide power for at least 50% of the city.
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Utility-scale solar and storage developer Primergy Solar has closed $588 million in debt financing from a consortium of banks for its 408MW/300WWh Ash Creek Solar and storage project in Hill County, Texas.
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EnCap Energy Transition Fund (ETF) has launched Bildmore, a platform company that invests in minority tax equity stakes in solar, battery storage, and energy transmission projects.
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Standard Solar will acquire a 6-project, 18.5MW solar portfolio from Vermont-based developer MHG Solar.
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Solar developer Sol Systems has secured $250 million in project financing for its 300MW Eldorado Project from a consortium of banks led by Silicon Valley Bank.
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Already one of the cleanest energy mixes in the world, Latin American policy makers continue to push for ambitious net-zero targets. Renewables already generate 60% of the region’s electricity, twice the global average, with no shortage of sponsors looking to take advantage of some of the globe’s best renewables resources.
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Renewables developer NextEra Resources is selling its Dunns Bridge II Solar and Storage project to a joint venture managed by utility the North Indiana Public Service Company (NIPSCO) and an unnamed tax equity investor, PFR has learned.
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Miami-based financial advisory firm Atlantico Capital Partners has hired Juan Francisco Toro as managing director and Juan Pablo Hernández as vice president of its Mexico City office.
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Vistra Corporation has closed on the sale of the Richland and Stryker power plants to Rockland Capital, one of the final puzzle pieces in the closing of its $6.3 billion merger with Energy Harbor.
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Engie Brazil Energia has acquired 5 Atlas Renewable Energy solar projects in Brazil, totalling 545MW of installed capacity, for R$3.24 billion ($643 million).
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Brazilian development bank BNDES and the Asian Infrastructure Bank (AIIB) have signed an MoU to deepen cooperation on providing sustainable finance in Brazil.
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Spanish energy giant Repsol has closed on its acquisition of US renewable development company ConnectGen for $768 million.
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The former co-founder and chief financial officer of OKRA Finance has been appointed as the head of transactions and finance at renewable energy tax credit marketplace Reunion.
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Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s East Ohio Gas Company (EOG) for $6.6 billion.
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Houston-based Royd Warren has been appointed as chief operations officer at US-based power plant owner and operator IHI Power Services Corporation (IPSC). He will assume the post on 25 March (2024).
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Utility-scale battery developer GridStor has acquired a 450MW/900MWh battery energy storage system (BESS) project in Galveston, Texas, from Balanced Rock Power.
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Spanish utility Iberdrola has submitted a non-binding offer to buy the remaining 18.4% of its US subsidiary Avangrid for $2.5 billion, aimed at taking over the entire company.
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A consortium of insurance companies has agreed to acquire a 76.5MW biomass-fuelled power plant sited in Berlin, New Hampshire, PFR has learned.
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The United States Department of Agriculture (USDA) has granted $2.3 billion in funding to 39 energy infrastructure and renewable energy projects in rural communities across 23 states.
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Mining company SolGold has signed a memorandum of understanding (MoU) with renewables developers to construct a 200MW hydro-solar project to power its Cascabel Project in Northern Ecuador.
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Energy and commodities-focused lawyer Don Macbean has joined Willkie Farr & Gallagher as a partner in the firm's corporate and financial services department based in New York.
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Utility-scale solar and energy storage development company Redeux Energy Partners is seeking investors to buy a minority stake as a corporate-level equity capital raise, PFR has learned.
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rPlus Energies has extended the power purchase agreement (PPA) on its utility-scale Green River Energy Centre with utility PacifiCorp from 400MWh to 1.6GWh.
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RIC Energy has sold a 20MW solar photovoltaic portfolio to Brookfield-owned Luminace.
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Alliant Energy’s Wisconsin Utility, the Wisconsin Power and Light Company (WPL), is offering $300 million aggregate principal amount of 5.375% debentures.
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Community solar and storage developer REC Solar has hired the former chief operating officer of Distributed Solar Development (DSD) as chief executive.
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Battery developer GridStor has closed a tax credit transfer sale with JP Morgan for its 60MW/160MWh Goleta Project, which consists of 44 battery energy storage systems in Santa Barbara, California.
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Canadian power producer Northland Power has agreed to sell its La Lucha solar project in Mexico to Saavi Energía subsidiary Cometa Energía.
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Private equity firm Bridgepoint's proposed $1.1billion acquisition of energy-focused investment manager Energy Capital Partners (ECP) has been halted by the Federal Energy Regulatory Commission (FERC) over competition concerns.
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Renewable energy company Ormat Technologies has inked a geothermal power purchase agreement (PPA) in Guadeloupe.
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Arevon Energy has signed 2 long-term environmental attributes purchase agreements (EAPAs) with Meta for its 349MW Kelso Solar Project in Missouri.
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Renewables developer Genneia is planning to issue green bonds for a duo of solar and wind projects in Argentina.
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TC Energy and partner Northern New England Investment Company are to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock and investment funds managed by Morgan Stanley Infrastructure Partners (MSIP).
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Peruvian investment promotion agency ProInversión has called a tender for 3 transmission projects valued at a total of $100.8 million.
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Canadian power company TransAlta has signed 10-year tax credit transfer agreements for 2 Oklahoma-based wind projects totalling 500MW.
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Mining company Codelco has awarded several long-term power purchase agreements (PPA) in Chile.
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Elda River Capital Management, a real assets-focused investment firm, has spun off from private equity fund Magnetar Capital with $1.5 billion in assets under its management.
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New Fortress Energy will offer $500 million aggregate principal senior secured notes due 2029 via private offering.
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Baker Botts has hired a partner for the energy, projects, and transactions team of the law firm's global projects department in the Washington, DC, office.
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Altius Renewable Royalties’ (ARR) jointly-owned subsidiary, Great Bay Renewables has entered into a $30 million royalty investment with Apex Clean Energy.
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Renewable fuels company Global Clean Energy founder Richard Palmer will retire from his position as the company’s chief executive.
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Mammoth Energy Services has received $50.6 million from the Puerto Rico Electric Power Authority (PREPA) clearing the company's debt to the SPCP Group.
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Chevron New Energies is set to develop a 5MW hydrogen production and solar project on its existing oil field in California's Central Valley.
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The Government of Canada has closed its second green bond issuance, a C$4 billion ($2.9 billion) 10-year green bond, becoming the first sovereign borrower to issue a green bond that includes nuclear expenditures.
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Enel Chile has appointed Giuseppe Turchiarelli as interim chief executive following the resignation of Fabrizio Barderi, effective 1 March 2024.
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Engie North America has signed 3 tax equity financing agreements totalling $1 billion with JP Morgan, Goldman Sachs, and BNP Paribas. The financing covers 6 renewable energy projects, including 950MW of solar and 353MW of wind.
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New Fortress Energy (NFE) has inaugurated its Barcarena LNG terminal – part of a thermoelectric complex project in Barcarena, Pará state.
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The largest clean energy infrastructure project in US history was closed just before we started the new year. Pattern Energy inked $11 billion in financing for its 500+ mile transmission line connecting more than 3.5GW of stranded wind resources – SunZia.
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Utility company Exelon has promoted Jessica Hart to senior vice president and chief investment officer after incumbent Doug Brown retires after 15 years in the role.
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The New York State Energy Research and Development Authority (NYSERDA) has issued conditional agreements for 2 offshore wind projects in its fourth offshore wind solicitation: 810MW Equinor-owned Empire Wind 1 and Ørsted & Eversource-developed 924MW Sunrise Wind.
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DE Shaw Renewable Investments (DESRI) will sell multiple transmission assets associated with its Arroyo Solar Project to the Public Service Company of New Mexico (PNM), PFR has learned.
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Geothermal development and technology company Fervo has raised $244 million in funding led by shale oil and gas business Devon Energy.
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Colorado utility Mountain Parks Electric (MPE) has inked a 20-year power sales agreement (PSA) with wholesale power provider Guzman Energy.
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Germany-headquartered global asset management group IKAV and asset manager Canadian Plan Pension Investment Board (CPPIB) will each obtain at least 10% stake in California Resources Corporation from owners BlackRock and Vanguard Group.
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Investment bank Moelis & Company has hired Stephen Trauber, formerly Citi's global head of energy transition, as chairman and global head of its energy and energy transition team.
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Major American airline Southwest has launched its sustainable aviation fuel (SAF)-focused Southwest Airlines Renewable Ventures (SARV).
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Renewables developer Helexia – a subsidiary of France’s Voltalia – is closing a short-term financing for 27 distributed generation solar plants in Brazil on Thursday (29 February 2024).
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Renewables developer Casa dos Ventos has contracted an offtaker for the operational Rio do Vento wind complex in Brazil.
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Renewable real estate investment fund SolaREIT has secured an additional $30 million in revolving credit from Atlantic Union Bank.
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Vertically integrated distributed energy (DG) platform and financing provider Scale Microgrids has selected Nuno Gonçalves as its new chief financial officer.
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Tri-State Generation and Transmission Association has received a key state-level regulatory approval from the Colorado Public Utilities Commission (CPUC) on the $75 million sale of its transmission facilities, contracts, and assets to United Power, PFR has learned.
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Renewables developer Recurrent Energy has closed a $51 million non-recourse financing for a solar project the company owns in Mexico.
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The Department of Energy (DOE) has conditionally awarded $366 million to 17 projects that aim to improve the transmission and electrical distribution of power in rural and remote areas across the US.
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The government of Mexico and Iberdrola have formally closed government-backed Mexico Infrastructure Partners’ (MIP) $6.2 billion acquisition of a majority stake in the Spanish company’s Mexican portfolio.
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EDF Renewables North America has inked a 20-year power purchase agreement (PPA) with Southern California Public Power Authority (SCPPA) to receive 125MW of EDF's 300MW Bonanza solar and storage project in Nevada.
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Mercedes-Benz HPC North America has hired several executives in a push to create a network of electric vehicle (EV) charging stations across the country.
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Residential solar technology and energy services provider SunPower Corp’s chief executive officer (CEO) Peter Faricy has left the company, effective 26 February 2024.
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Colombia power company Celsia is considering selling a duo of wind projects located in the department La Guajira, Colombia.
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PJM Interconnection has appointed Eversource Energy's senior vice president of engineering as its executive VP of operations.
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Chilean sponsor MAE Energy is planning to develop a $2.5 billion green hydrogen and ammonia production plant in Chile.
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The Bureau of Ocean Energy Management (BOEM) has released the final environmental review of the 2.6GW New England Wind project off Massachusetts. The project is owned by Park City Wind, a subsidiary of Avangrid, and is expected to power over 900,000 homes.
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Sunrock Distributed Generation, a commercial solar and DG developer and asset manager, has hired Sunlight Financial co-founder Wilson Chang as its chief executive officer.
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North American energy and water industries consultancy firm Concentric Energy Advisors has added Mark Karl as an executive advisor.
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Mitsubishi Power Americas' battery energy storage systems (BESS) division has been spun into a standalone business — Prevalon Energy.
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Capital Power has closed on its acquisition of 2 contracted combined-cycle US gas generation facilities from Beal Financial Corporation subsidiary CSG Investments.
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The Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan (COP) of 800MW Empire Wind 1, an offshore wind farm owned by Equinor in the New York Bight region. The BOEM's decision was the final step before the project could commence construction.
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Renewable developer Atiaia Renováveis has signed a contract to supply pharmaceutical company Aché Laboratórios with solar power in Brazil.
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TPG-backed Matrix Renewables has inked $283 million in project financing and production tax credit (PTC) transfers for its 200MW solar project in Idaho.
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Residential solar company SunPower has secured over $300 million in project financing commitments from Apollo, Atlas SP Partners, and Hannon Armstrong Sustainable Infrastructure Capital (HASI).
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Lightsource BP has secured $348 million in project financing for 2 Texas solar projects from a consortium of banks.
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Arevon Energy has secured more than $1 billion in financing commitments for its Eland 2 solar-plus-storage project in Kern County, California.
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The power generation arm of YPF, YPF Luz, is planning to issue up to $60 million in bonds in Argentina.
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Florida Municipal Power Agency (FMPA) has closed on the first of 3 project acquisitions totaling 339 MW natural gas-fired capacity, from numerous utilities, PFR has learned.
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Infrastructure and real assets-focused investment firm Stonepeak will acquire a 50% interest in Dominion Energy’s Coastal Virginia Offshore Wind project.
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NorthRenew Energy is to sell its Arco Wind and Solar facility to US-based grid operator PacifiCorp.
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The Federal Economic Competition Commission (Cofece) has conditionally approved the acquisition of a majority stake in Iberdrola's Mexican portfolio by government-backed Mexico Infrastructure Partners (MIP).
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Darby International Capital has landed a more than $100 million commitment from several development banks for its DIC Latin American Fund IV (Darby IV).
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Strata Clean Energy has secured $559 million for its 255MW/1,020MWh Scatter Wash energy storage project in Arizona.
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Actis has today (21 February) launched a Brazilian transmission platform with the acquisition of an operational transmission asset.
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PLT Energy US, a subsidiary of Italian renewable and energy storage group PLT Energia (PLT), has entered into a joint venture (JV) with Glacier Global Partners’ subsidiary GGS Energy.
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Renewable developer Verano Energy is planning to develop a 140MW solar project in Chile.
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Schneider Electric has committed to invest around $80 million in a portfolio of 4 Texas-based clean energy projects through a tax credit transfer agreement with Engie North America.
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Radial Power has inked $225 million in its first debt financing from Atlas SP Partners to grow its distributed generation, commercial & industrial, and community solar project pipeline.
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Blackstone-owned Tallgrass Energy Partners will offer $400 million aggregate principal amount of senior secured notes due 2029 in a private placement.
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French energy business TotalEnergies has closed on the $635 million acquisition of 3 gas-fired power plants in Texas from TexGen, PFR has learned.
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When the tax equity market was transformed in 2023 with transferability, it was not only the tax equity market and energy players that were excited about the new credit capabilities. The guidelines released in June 2023 opened the market to any other investors with tax appetites, and tax transfer platforms hope to streamline the process for new investors.
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Allete has expanded its 5-year US green energy investment plan by $1 billion alongside its successful 2023 revenue reports. The plan now includes $4.3 billion for its utility division, Minnesota Power, to grow its renewable energy exposure.
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EnerSmart is to sell a pair of 3MW battery energy storage system (BESS) facilities sited in Chula Vista, California to renewables investment firm Kendall Sustainable Infrastructure (KSI), PFR has found.
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Construction giant Kajima has invested in a Canadian geothermal energy technology company, Eavor Technologies.
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Against challenging clean energy targets the US offshore wind energy continues to forge ahead. Since the start of the Biden-Harris administration, the Department of the Interior has approved the nation's first 6 commercial-scale offshore wind energy projects.
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Argentine power generator MSU Energy has signed a power purchase agreement (PPA) to supply solar power to Volkswagen.
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Brazil’s National Electric Energy Agency (Aneel) is preparing its second transmission auction to be held this year (2024).
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Battery manufacturer Ascend Elements has raised $162 million in equity investments from Just Climate, Clearvision Ventures, and IRONGREY.
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A subsidiary of the Spain-based renewables developer Greenalia has closed $200 million in 3-year credit facilities to support its US solar and wind project pipeline.
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US startup Sage Geosystems has raised $17 million in its Series A round, which will fund the construction of a 3MW commercial geopressured geothermal system (GGS) facility in Texas.
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Delta Utilities – a portfolio company of Bernhard Capital – has today (20 February) entered an agreement with CenterPoint Energy to acquire natural gas distribution networks.
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Macquarie Asset Management has today (20 February) agreed the sale of Lordstown Energy Center to Arclight Capital vehicle ArcLight Fund VII.
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Electricity and power generation company Vistra has received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor. It is the final approval needed in a $6.3 billion merger that will rebrand Vistra as renewables mega firm Vistra Vision.
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Sustainable infrastructure company Generate Capital is to sell a 13.45% stake in Pine Gate Renewables to the Healthcare of Ontario Pension Plan Trust Fund (HOOPP), PFR has found.
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Renewables developer Verano Energy is planning to develop a $380 million solar project in Chile.
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Plenitude’s US subsidiary Eni New Energy US has closed on its buy of an 80% equity stake in 3 operating solar projects from global energy business EDP Renováveis (EDPR), PFR has learned.
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New Fortress Energy has completed sale of its 20% equity interest in global maritime infrastructure company Energos Infrastructure to Apollo-managed funds.
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Argentine renewable developer Genneia has inked a renewables power purchase agreement (PPA) with agribusiness company Bunge.
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Brazilian developer Faro Energy has raised R$320 million ($64.4 million) in bonds for distributed solar generation projects in Brazil.
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Residential solar company SunPower has raised $175 million as it plans to mitigate threats of default with long-term financial changes.
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Allete Power has issued a request for proposals (RFP) for up to 400MW of wind energy to come online by the end of 2027.
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Plus Power has closed $98 million in tax equity investment from Greenprint Capital Management for its 200MW/400MWh Ebony Energy Storage facility in Comal County, Texas.
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Amazon Web Services (AWS) has added Jason Selfe to its power & utilities team in a business development role.
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National Fuel Gas Company (NFG) has entered a multi-bank $300 million unsecured term loan credit facility, PFR has learned.
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Blackstone is looking for buyers for a stake in its portfolio company Aypa Power. PFR understands Blackstone is looking to sell a minority stake and is in talks with multiple potential buyers.
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Cemig-D, the Brazilian utility’s distribution business, is planning to issue R$2 billion ($402 million) in bonds on 15 February 2024.
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Asset management firm Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) will acquire a majority stake in the Sharp Hills wind farm from EDP Renewables subsidiary EDP Renewables Canada (EDPR Canada).
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MPC Energy Solutions (MPCES) is set to reach financial close (FC) on a solar project the firm is developing in Guatemala in early March.
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The US Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) will deploy an additional $100 million to aid industrial carbon dioxide removal.
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The Bureau of Ocean Energy Management (BOEM) has designated 2 final Wind Energy Areas (WEAs) offshore Oregon as it moves closer to a lease sale.
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The Department of Energy (DOE) has picked 3 projects that will receive up to $60 million to demonstrate the scalability of enhanced geothermal systems.
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Eversource Energy has agreed to divest to Global Infrastructure Partners (GIP) its 50% stake in its remaining 2 offshore projects that are co-owned with Ørsted.
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A trio of Boston-based energy investors has launched Inyarek Partners to develop energy transition assets, completing its inaugural investment into renewable natural gas (RNG) platform Redtail Renewables.
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ISA CTEEP has committed to invest a total of R$5 billion ($1 billion) in Brazilian transmission by 2029.
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Diversified clean energy company, CleanCapital, and investment-grade battery energy storage systems developer, Available Power, have entered a joint venture to build a pipeline of US-based distributed energy storage projects.
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Independent power producer (IPP) Urban Grid has hired Eivind Osterhus as chief financial officer and Erica Engle as chief commercial officer.
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Verde Clean Fuels and a Diamondback Energy subsidiary have signed a joint development agreement for a facility to produce commodity-grade gasoline using natural gas feedstock supplied from Diamondback’s operations in the Permian Basin.
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Italy’s Enel Green Power has started commercial operations of its La Loma solar project in Colombia.
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US based renewable energy developer owner and operator Longroad Energy has closed on sale of its 108MWdc Foxhound Solar project to Dominion Energy, PFR has learned.
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Arevon Energy, the renewable energy developer, owner, and operator, has reached financial close for the 200MW/800MWh Condor Energy Storage Project.
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Law firm Skadden has rehired the former commissioner, chairman and general counsel of the Federal Energy Regulatory Commission (FERC).
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Standard Solar is to acquire an 84MW community solar portfolio in Illinois from renewables company New Leaf Energy.
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Spanish developer Solarig is planning a $45 million solar-plus-storage asset in the region of Valparaíso, Chile.
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Amazon has signed a power purchase agreement (PPA) to source energy from an Avangrid wind farm located in Gilliam County, Oregon.
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Ormat Technologies and Hawaiian Electric have locked in a 46MW geothermal power purchase agreement (PPA) until 2052.
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Sandow Lakes Energy Company is preparing to construct a 1.2GW natural gas-fueled power plant in Texas.
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To bolster California's offshore wind industry state legislators proposed a $1 billion bond act to help pay for the expansion of ports.
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Foss & Company has penned a $118.5 million tax equity investment in the Longbow BESS project, a battery energy storage system (BESS) located in Brazoria County, TX.
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Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold a portfolio of nearly 400MW storage projects to UBS Asset Management.
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Exus Management Partners and Glencore are teaming up to develop renewable projects through their joint venture GenuX in Mexico and Colombia.
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Developer and grid-scale energy storage operator Jupiter Power has hired former Invenergy executive Jesse Campbell as its chief financial officer (CFO).
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Evergy will acquire a 22.2% interest stake in 655MW natural gas-fired facility Dogwood Energy, PFR has learned.
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Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold nearly 400MWs of storage projects to UBS Asset Management.
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A Tenaska affiliate has acquired 6 natural gas generation facilities from IMG Energy Solutions.
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IDB Invest will provide UK-based Atome Energy with a $125 million loan to develop a green hydrogen project in Villeta, Paraguay.
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Toyota Boshoku America (TBA) has signed a 12-year renewable energy certificate (REC) agreement with Clearway Energy Group for part of its 452MW Texas Nova solar farm.
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Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), has closed on the sale of an 18% ownership stake in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.
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Sumitomo Corporation of America has partnered with renewable fuels technology company Strategic Biofuels to develop a sustainable aviation fuel (SAF) facility in Louisiana. Sumitomo is set to pool together a consortium of banks and lead the financing of the project in the near future.
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Spanish construction group Grupo ACS, through its subsidiary Dragados, has landed financing for 3 transmission lines in Peru.
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SolAmerica Energy has agreed to procure 205MW of solar modules from First Solar.
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Nautilus Solar Energy has closed on its acquisition of a 12.7 MW portfolio of community solar projects from SolAmerica Energy.
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Jamaica Public Service Company (JPS) has landed a $100 million financing package from development finance institution IDB Invest.
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New Energy Equity, a solar developer subsidiary of Allete, has appointed Jackie Chambers as chief investment officer.
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EDP Brasil is extending its existing power purchase agreement (PPA) with Banco do Brasil for an additional 5 years after winning the contract in a December 2023 auction.
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Portland General Electric (PGE) closed on its acquisition of a 208MW stake in the Clearwater Wind Farm from developer NextEra, PFR has learned.
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Barely a month into the new year and infrastructure and energy investment managers have dominated headlines. Global Infrastructure Partners – and all $100 billion of its AUM – got absorbed into fund management behemoth BlackRock. Meanwhile, General Atlantic bolted on $12.5 billion sustainable infrastructure firm Actis onto its beefy $86 billion body of managed assets.
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The Department of Energy (DOE) has opened a request for proposals (RFP) for the second round of its utility-scale transmission upgrade program, with $1.2 billion available to fund projects.
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Enel has landed conditional approval for the sale of its distribution businesses in Peru to China Southern Power Grid International (CSGI).
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Renewable energy technology company Heliogen has entered the renewables market in Mexico with the development of a concentrating solar power (CSP) project to be sited in Sonora.
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Canadian Solar subsidiary Recurrent Energy has closed a $160 million project financing for its 127MW Bayou Galion Solar Project in Louisianna.
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NextEra Energy led a $36 million investment round in Avnos, a startup developing a novel hybrid direct air capture (HDAC) technology for carbon dioxide removal.
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Pivot Energy and Radiance Solar are teaming up on a portfolio of 5 community solar projects in Illinois, with a combined capacity of 19MW.
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Tokyo Gas has continued its move into the US energy markets with an investment in a subsidiary of ARM Energy.
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Brookfield Asset Management (BAM) has raised $10 billion at first close of its second energy transition fund with a fundraising target of $17 billion.
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Spire is offering $350 million in 5.3% senior notes due 2026 to help fund the acquisition of the MoGas and Omega pipeline systems.
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Industrial power company One Energy Enterprises has appointed Tom Russell as its chief financial officer (CFO) ahead of its New York Stock Exchange (NYSE) listing.
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Battery-focused renewable energy company Spearmint Energy has closed a $47.5 million project finance term loan from global financial services provider Manulife.
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Argentine power generator Albanesi Energía is planning to issue bonds in the local market, scheduled for 14 February 2024.
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Portland General Electric (PGE) has called for bids on clean dispatchable capacity via an all-source request for proposal (RFP).
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BP Energy Partners-owned Cryopeak LNG Solutions has merged with the Energy & Minerals Group-owned Ferus Natural Gas Fuels, combining their LNG production and distribution technologies.
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Santiago-based renewables developer Eactiva is planning to develop a pair of solar-plus-storage projects in Chile.
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Infrastructure investment manager Homecoming Capital has hired former AB CarVal investor Shaya Greenberger as vice president.
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Renewables company BrightNight has made 2 senior-level appointments to its asset management and construction teams.
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Clifford Chance has hired 2 US energy and infrastructure partners, Ty'Meka Reeves-Sobers and Marcia Hook, to join the law firm's Houston and Washington, DC offices, respectively.
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Generate Capital closed its latest capital raise, with new investments totalling $1.5 billion, last week (31 January).
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Peru’s investment promotion agency ProInversión is launching a tender for 4 transmission P3 projects, totalling $137 million in investments.
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Standalone energy storage systems developer, owner and operator GlidePath Power Solutions (GlidePath) has hired former NextEra executive Vijay Singh as its chief commercial officer.
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Midstream power company NGL Energy Partners has closed on a $2.9 billion refinancing.
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Residential solar company SunPower has received waiver extensions from its lenders and $20 million from its majority shareholders as it plans to mitigate threats of default with long-term financial changes.
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Brazilian energy and sugar company Raizen has signed a memorandum of understanding (MoU) with e-mobility company BYD.
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Sempra Infrastructure has signed a memorandum of understanding (MoU) with the Japan Bank for International Cooperation (JBIC) that will see the pair develop energy transition projects.
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Independent power producer and asset manager Greenbacker has continued to add to its leadership team with appointment of Christopher Smith as chief financial officer and Carl Weatherley-White as head of capital markets.
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Southern Company Gas subsidiaries Virginia Natural Gas and Chattanooga Gas have entered into their first renewable natural gas agreement.
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Serena - formerly Omega Energia - has received financing from Sudene’s Northeast Development Fund (FDNE) for its Assuruá 5 wind project in Brazil.
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Water treatment company GS Inima has entered the renewable energy market in Chile following the acquisition of a solar project.
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NET Power has hired former Nikola Motor Company managing director Brian Rappaport as its head of origination, PFR has learned.
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H2 Energy Group has partnered with the Redding Rancheria Tribe reservation to develop a green hydrogen production facility.
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Enchanted Rock, a microgrids developer, has appointed Paul Froutan as its chief operating officer (COO).
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Altus Power has closed on its acquisition of 84MW commercial-scale solar arrays from Vitol for around $118 million.
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Scout Clean Energy, a Brookfield Asset Management portfolio company, has signed a virtual power purchase agreement (VPPA) with not-for-profit healthcare system manager AdventHealth for 90MW from a Texas wind farm.
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Nuveen has teamed up with Aiga Capital Partners on its $200 million term loan to battery energy storage system (BESS) developer Spearmint Energy.
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Energetic Capital has hired Steven Varady as senior vice president in the company's tax and transactional practice, PFR has learned.
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Energía de Colombia SAS ESP has requested a loan from IDB Invest for a transmission project the company is refinancing in Colombia.
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UK-based Cubico Sustainable Investments has added 1.6GW to its renewables development portfolio in Mexico through the acquisition of Renantis Mexico and the signing of a strategic agreement with Grupo Sowitec.
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Law firm Akerman has announced the formation of 3 energy and infrastructure sub-practices.
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Chilean utility Colbún has secured approval to move ahead and start construction of its Celda Solar project in the region of Arica y Parinacota, Chile.
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Avangrid is readying its first renewable energy project in Oklahoma, the 147.5MW Pontotoc Wind project.
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Swedish industrials business SKF has signed 2 Renewable Energy Certificate (REC) purchase agreements in North America.
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Renewable energy provider Cordia has closed on its acquisition of Pittsburgh, Pennsylvania-sited energy systems from Essential Utilities for $165 million.
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Vesper Energy has closed $590 million in financing for its 600MW Hornet Solar project.
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Chilean utility Colbún has inked a power purchase agreement (PPA) with mining company Antofagasta Minerals’s subsidiary Minera Centinela.
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Giora Salita has joined the executive team of TPG-backed global renewable energy platform Matrix Renewables as chief operating officer based in Miami, Florida.
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Clean energy tax credit transfer platform Crux has closed a $18.2 million series A funding led by venture capital firm Andreessen Horowitz.
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Spanish renewable developer Grenergy is offloading 174MW of wind and solar assets the company owns in Peru.
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Quantum Capital Group has partnered with Humble Midstream II to fund the company’s continuing development and operation of US-based energy infrastructure projects.
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Dominion Energy has secured final approval from the Bureau of Ocean Energy Management (BOEM) for the construction and operations of its 2.6GW Coastal Virginia Offshore Wind (CVOW) project.
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Tokyo Gas subsidiary Tokyo Gas America has closed on its $216 million acquisition of the Longbow battery energy storage (BESS) project from Clean Capital Partners.
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Chile’s National Electric Coordinator (CEN) has released its 2024 plan to expand the transmission system in the country.
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JP Morgan-backed independent power producer Onward Energy has hired the former chief executive of the California Independent System Operator (CAISO) to replace president and CEO, Steve Doyon, who has retired.
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Biofuels company POET and Summit Carbon Solutions have entered into a partnership to utilise Summit's carbon capture technology to reduce emissions created in the biofuel production process.
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Emre Erkovan has been appointed as CIBC Capital Market’s global investment banking director, overseeing energy, infrastructure and transition sectors.
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Nuclear company Westinghouse has hired former vice president of strategy and innovation at Kairos Power, Lou Martinez Sancho, as its chief technology officer.
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Chilean developer Celtic Solar Group is planning to develop a second solar project in the region of Antofagasta for Greek metals and energy company Mytilineos.
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Canadian independent power producer Innergex Renewable Energy, along with its community partners, has won 2 wind projects totaling 400MW in Hydro-Québec's request for proposals (RFP).
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Midstream power company NGL Energy Partners has increased its senior secured notes offering to $2.2 billion.
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Utility-scale developer RedWind Renewables has sold 2 250MW solar PV and BESS projects to global renewable energy business Greenvolt Power.
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Danish energy company Ørsted has terminated its offtake agreement with the state of Maryland for its 2 Skipjack Wind projects as it re-evaluates project plans amid current market conditions.
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BP and Equinor have divided their offshore wind joint venture projects with BP claiming full ownership of Beacon Wind and Equinor taking ownership of Empire Wind.
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Enel Chile’s chief executive officer Fabrizio Barderi has resigned from his position, officially leaving the company on 29 February 2024.
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The New York State Energy Research and Development Authority (NYSERDA) has closed its solicitation process for its fourth offshore wind auction. Several companies have announced their proposals, including Equinor, RWE, National Grid, and Ørsted.
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Enviri Corporation company Clean Earth has entered a 5-year offtake agreement with Veolia North America for waste-to-energy from a thermal facility sited in Southwest Arkansas.
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The City of Edmonton, Alberta and Canadian-based Varme Energy have struck a waste-to-energy offtake deal.
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Michael Peist, managing director of project and structured finance in Investec's power and infrastructure team has stepped down, PFR has learned.
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Renewables developer Swift Current Energy has upsized its $225 million revolving credit facility to $312.5 million to fund its US project pipeline.
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Potengi Holdings, a joint venture between AES Brasil and food processing company BRF, is planning to issue bonds for wind projects in Brazil.
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Tax equity investor Foss & Company has completed its second tranche of its tax equity partnership with community solar developer Nautilus Solar, adding a $72 million investment to a portfolio of solar projects.
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German energy giant RWE is planning to develop a 257MW solar project in Chile.
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Ørsted is to become the sole owner of the 924MW Sunrise Wind project after buying out joint venture partner Eversource Energy.
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Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), is diluting its interest in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.
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Greenwood Sustainable Infrastructure (GSI) has teamed up with Ocean Man First Nation to build a 100MW solar project in Saskatchewan, Canada.
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Utility-scale solar developer Volt Energy Utility has appointed Jean Nelson-Houpert as chief financial officer (CFO).
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Consortiums led by Invenergy and TotalEnergies were awarded offshore wind projects with conditional contracts of 3.74GW capacity as the New Jersey Board of Public Utilities (NJBPU) closes its third-round tender.
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Commercial energy developer Green Lantern Solar has named Dave Carpenter as vice president of development.
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Plug Power has started operations at the largest liquid green hydrogen plant in the US in Georgia after 18 months of construction.
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Chile’s national oil company ENAP has signed a memorandum of understanding (MoU) with TEG Chile for the development of green hydrogen in Chile.
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Spanish renewable developer Grenergy has signed a hybrid power purchase agreement (PPA) for its Oasis storage project in Chile.
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Actis-backed power generation company Valia Energía has issued $530 million in project bonds in Mexico.
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Solar real estate investment fund SolaREIT has launched a battery energy storage systems (BESS) lending platform, to be led by recently hired senior vice president of business development, Nicole Wolf.
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Renewables company Origis Energy has closed a $317 million tax equity project financing with JP Morgan for 2 utility-scale solar-plus-storage projects.
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Chilean utility Colbún is planning to add a 360MW wind project to its development pipeline in Chile.
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Capricorn Investment Group, the $9 billion investor, has made a minority investment in sustainability-focused private equity firm SER Capital Partners.
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MPC Caribbean Clean Energy Fund has reached financial close on the Monte Plata solar project the fund owns in the Dominican Republic.
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Power company Grupo Energisa has launched a R$2 billion ($405 million) share offering in Brazil.
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Community solar provider Nexamp has named its Chicago, Illinois office as its second national headquarters, alongside its established headquarters in Boston, Massachusetts.
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Canadian Solar subsidiary and global solar and storage developer, Recurrent Energy, has secured a $500 million preferred equity investment from a fund managed by BlackRock’s climate infrastructure business.
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United Power is to buy its transmission facilities, contracts, and assets, from Tri-State Generation and Transmission Association (Tri-State) for $75million in a transaction critical for the utility's split from the electric cooperative, PFR has learned.
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Solar company Verano Energy has submitted an environmental impact assessment (EIA) for a hydrogen and green ammonia project in the Arequipa region in southern Peru.
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Deriva Energy, formerly Duke Energy Renewables, has acquired the 140MW Spanish Peaks Solar project sited in Las Animas County, Colorado from global solar power developer JUWI.
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Renewable developer Atlas Renewable Energy has appointed Iván Jara Carrasco chief operating officer (COO).
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Solar panel manufacturer First Solar has acquired a 1.2 million square foot facility in Troy Township, Ohio.
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Updated to include:
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The US Treasury Department has released additional guidance on tax credits for electric vehicles (EVs) and associated charging technology, including alternative refueling stations.
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Motor fuel giant Sunoco has agreed to acquire independent pipeline operator NuStar in an all-equity transaction valued at $7.3 billion.
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The US Department of Energy (DOE) has selected 3 firms to help establish a market for the buying and selling of green hydrogen from its Regional Clean Hydrogen Hubs (H2Hubs).
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Chile’s Inversiones Latin America Power (ILAP) has successfully completed its Chapter 11 restructuring process.
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CorEnergy Infrastructure has closed on sale of its MoGas and Omega pipeline systems (MoGas System) to Spire subsidiary Spire Midstream.
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RWE Clean Energy has promoted Andrew Flanagan, the company's former chief development officer, to chief executive.
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Crowell & Moring has hired Ruta Kalvaitis Skučas as partner in the law firm's environment, energy, and natural resources practice group.
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Power company Grupo Energisa is preparing a potential R$2 billion ($405 million) share offering in Brazil.
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The Bureau of Land Management (BLM) will begin the first of 8 oil and gas lease sales this year with the auction of 19 Wyoming-sited parcels covering 13,858.91 acres on 5 March.
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EnfraGen’s Chilean subsidiary Prime Energía is planning a solar-plus-storage project in the region of Valparaíso, Chile.
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Azure Sustainable Fuels is set to develop Sustainable Aviation Fuel (SAF) production facilities in British Columbia, Ontario, and Manitoba, Canada, after receiving funding from several Canadian investment institutions.
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The Bureau of Land Management (BLM) has announced its plan for solar projects across the western US through an updated roadmap as part of its solar development plan for the region.
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King & Spalding has hired energy and construction lawyer, Terra Mareck Cothran, to become a partner at its Houston office.
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Bloomberg has signed a 15-year power purchase agreement (PPA) with US-based clean energy developer Ørsted, claiming 80MW of the renewable energy generated by its 471MW Mockingbird Solar Center.
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Chilean utility Colbún has inked a power purchase agreement (PPA) with port terminal Puerto Angamos and subsidiary Terminal Graneles Norte (TGN) located in the Antofagasta region.
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Capital Power Corporation and Ontario Power Generation (OPG) have joined forces to assess the development of grid-scale, small modular reactors (SMR) in Alberta, Canada.
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E-fuel company INERATEC has closed a $129 million Series B funding to launch its industrial-scale technology production for projects across the US and abroad.
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Morgan Stanely-backed SolMicroGrid, a microgrid company focused on commercial and industrial (C&I) end markets, has hired a former Safari Energy executive as its chief executive.
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The Government of Ceará has signed a memorandum of understanding (MoU) with oil and gas giant BP to support the development of green hydrogen in the state.
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Apex Clean Energy and Korean energy company SK Gas and its green energy development business SK D&D are partnering up to own US-based energy storage facilities.
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Scale Microgrids is set to acquire 500MW of distributed solar and storage projects across the US from Netherlands-based global clean energy developer Gutami.
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The renewable energy sector in Chile continued to feel market disruptions in 2023 forcing many financial reorganizations and restructurings throughout the year.
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Distributed generation (DG) has grown exponentially in the past few years in Brazil and 2023 saw many players entering at every level of the market, while existing ones consolidated their pipelines.
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Argentine renewables developer Hychico has submitted a wind project for environmental review in Chile.
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Renewable developer EnfraGen has established its regional headquarters for Central America in Panama City, Panama.
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Clifford Chance announced today, 16 January 2024, the hiring of counsel Joshua Bernard to its corporate M&A practice in Houston.
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Partners Group subsidiary Exus North America has agreed to purchase Dutch commodity trader Vitol’s 244MW Pennsylvania-based 3-project wind portfolio, PFR has learned.
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LS Power has agreed to acquire an 810MW natural gas-fired power plant sited in Gettysburg, Pennsylvania from an affiliate of Platinum Equity.
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New Jersey-based solar company Infiniti Energy has closed a $89.2 million structured financing to develop its commercial and industrial (C&I) project pipeline.
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Casa dos Ventos and ArcelorMittal have landed financing from development bank BNDES for a wind complex they are co-developing in Brazil.
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Aspen Power, a renewable developer backed by Carlyle, has closed $241 million in 3 financing agreements with JP Morgan, Lombard Odier, and MUFG to support its solar energy project pipeline.
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Atlas Renewable Energy has signed a self-production power purchase agreement (PPA) with cement company Votorantim Cimentos in Brazil.
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Octopus Energy company Sky Renewables is set to purchase the Ohio-sited 80MW Nestlewood and Pennsylvania-sited 16MW Gaucho solar projects from Vesper Energy, PFR has learned.
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Colombian oil and gas company Ecopetrol has raised $1.85 billion in bonds that will be used to mainly refinance existing notes.
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BlackRock has agreed to acquire Global Infrastructure Partners (GIP) for about $12.5 billion in cash and stock, in a move that further consolidates the infrastructure fund market.
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Clean energy-focused point-of-sale investment firm Sunlight Financial has, through its partnership with Cross River Bank, sold a pool of approximately $300 million in solar loan assets.
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Plenitude’s US subsidiary Eni New Energy US has agreed to purchase an 80% equity stake in an operational three-project solar portfolio from global energy business EDP Renováveis (EDPR).
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Chilean utility Colbún has inked a power purchase agreement (PPA) with commercial real estate company Grupo Marina.
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Financial services firm Barclays has launched a new Energy Transition Group in its corporate and investment bank, focusing on renewable and energy transition deals.
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Hannon Armstrong Sustainable Infrastructure Capital (HASI) has doubled its additional 2027 green senior unsecured notes in aggregate principal of 8% to $200 million.
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Macquarie-backed Galehead Development has hired Dru Steubing, the former vice president of development at Apex Energy, as chief development officer.
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Santiago-based developer Verano Energy has sold a greenfield solar project in Argentina to an undisclosed large local buyer.
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Gas utility Spire and KC Water have moved forward on their partnership to create the first Kansas City, Missouri renewable natural gas (RNG) facility.
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Despite renewables grabbing the headlines, emergency weather situations and the increased energy demand in cities with rapidly rising populations have been catalysts for a “gas renaissance” in the M&A power space.
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Cubico Sustainable Investments has hired Ramon Salcedo as head of origination and execution for Latin America, based in Mexico City.
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Renewables company BayWa r.e. has appointed the former executive vice president of Soligent, Ken Lima, as its new chief executive officer of the company's US solar distribution business.
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Solar development company TurningPoint Energy has announced the appointment of Salar Naini as president, as former president Jared Schoch moves into a chairman role.
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GE-owned power plant EFS Parlin has closed on the sale of all of its interconnection rights and started the decommissioning process of its 123.5MW natural gas facility following bankruptcy.
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Greek metals and energy company Mytilineos has reached financial close for a 588MW portfolio of assets in Chile.
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Over the course of the last year, there were many surprises for the renewable project finance sector. From the market's quick reaction to the June tax transferability guidelines to the deferred success of offshore wind projects, 2023 brought new financing structures and revealed weak points in the sector.
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Investment firm ArcLight Capital Partners has formed a new division to oversee the commercial and operational activities of ArcLight's power infrastructure funds.
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Independent power producer (IPP) Pathway Power has entered a $25 million growth capital partnership with Tokyo-based independent renewables business Renova.
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Brazilian renewable developer Echoenergia has appointed Liu Aquino as chief executive, based in Sao Paulo.
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Vistra Corporation is offloading its Richland and Stryker facilities to Rockland Capital in an effort to complete its pending $6.3 billion merger with Energy Harbor, creating renewables mega firm Vistra Vision.
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Santiago-based developer Andes Solar is planning a 234MW solar-plus-storage project in Chile.
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Brookfield Renewable has issued C$400 million (US$298.5 million) of medium-term loans to pay for future green investments and repay indebtedness incurred in previous ventures.
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Hannon Armstrong Sustainable Infrastructure Capital (HASI), will privately offer $100 million in aggregate principal of 8% green senior unsecured notes.
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The Bureau of Ocean Energy Management (BOEM) has drafted the environmental review of future development on the six lease areas awarded in the New York Bight tender in 2022.
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Hydrogène de France (HDF) and Rubis have requested a loan from IDB Invest for a green hydrogen project the pair is developing in Barbados.
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Spire has named Scott Doyle its executive vice president and chief operating officer, effective January 15, 2024.
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Investment firm Fibra Orión has acquired a wind project located in Mexico, marking the firm’s first energy investment.
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Battery storage developer Key Capture Energy and impact investment firm Enhanced Capital have closed an investment tax credits (ITC) transfer agreement with a third party.
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Oil and gas multinational Shell has signed a 20-year liquid natural gas (LNG) sale and purchase agreement to purchase 2 million tons of LNG from Ksi Lisims LNG's British Columbia-based project per year.
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Meridian Clean Energy has upped its stake in 850MW simple-cycle natural gas plant Sentinel Energy.
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Solar manufacturing company Qcells has closed an agreement with Microsoft to provide 12GW of solar modules and EPC services over the next 8 years.
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I Squared Capital has agreed to acquire 49% of distributed generation company Órigo Energia in Brazil.
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Brookfield-backed renewables developer Elera Renováveis is expanding its Janaúba solar complex in Brazil.
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Green data center developer Digital Power Optimization (DPO) has closed a power purchase agreement (PPA) with an unnamed multinational renewables developer with over 150MW wind farms in Texas.
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Point-of-sale finance firm Sunlight Financial has named current chief operating officer (COO) Timothy Parsons as the company’s new chief executive.
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Xcel Energy has commenced construction on its two initial phases of the 460MW Sherco Solar project, with an additional 250MW co-sited solar array is pending permit approval, as it replaces a coal-fired plant in Minnesota.
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Canadian-based carbon capture business Svante Technologies (Svante) has appointed Justine Fisher as its new chief financial officer (CFO).
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Miami-based Atlas Renewable Energy is adding a wind project to its renewable development pipeline in Chile.
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Pan American Energy (PAE) has secured a R$1.1 billion ($224 million) long-term debt package for the company’s Novo Horizonte wind complex in Brazil.
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The government of Mexico will order state-owned oil firm Pemex to take over a hydrogen plant at its Tula refinery currently operated by French gas company Air Liquide.
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Community-solar and storage developer REC Solar has appointed former ForeFront Power chief executive as its executive chairman.
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Renewable developer BrightNight has closed a $375 million corporate credit facility to complete the development of its US solar, energy storage, and integrated technologies portfolio.
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Energy giants Equinor and BP have canceled their power purchase agreement (PPA) with New York to provide 1.26GW from the proposed Empire Wind 2 project.
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The North American division of Italy’s Enel has closed on its $271 million sale of all US geothermal assets and several solar parks to Ormat Technologies.
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Spearmint Energy has reached completion and commercial operation of its West Texas 150MW battery energy storage system (BESS) Revolution.
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Williams has closed on its $1.95 billion acquisition of a portfolio of natural gas storage assets from an affiliate of Hartree Partners.
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Hydrogen company Plug Power has completed its electrolyzer system at Amazon's Aurora, Colorado, fulfillment center. A first for the tech company, the 1MW low-carbon hydrogen production system can fuel up to 400 forklift trucks at the site.
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Australian renewable energy generator Pacific Hydro is planning to develop a solar project in Chile.
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Renewables operator ERG has agreed to partner with independent US green power company Apex Clean Energy Holdings to manage and potentially expand a currently operating portfolio of wind and solar projects.
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Brazil’s Eletrobras has closed the sale of the last coal-fired power plant the company owns in the country.
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Altus Power has closed a $100 million credit facility from Goldman Sachs Asset Management and Canada Pension Plan Investment Board's (CPPIB) subsidiary, CPPIB Credit Investments III.
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Capital Power has completed its $97.5 million acquisition of the Frederickson 1 Generating Station from Atlantic Power & Utilities.
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Canadian power provider Hydro One will commence an internal and external search this summer for a chief financial and regulatory officer as incumbent Chris Lopez leaves June 30, 2024.
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India’s Sterlite Power has landed financing from Sudene’s Northeast Development Fund (FDNE) for a transmission project in Brazil.
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Allianz Capital Partners' former head of renewables, Americas, has been hired by Greenbacker Capital as the fund manager's head of infrastructure.
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American Electric Power and PNM Resources have agreed to sell a 50% interest in New Mexico Renewable Development (NMRD) to Exus North America.
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New Fortress Energy (NFE) has entered a definitive agreement to acquire a 1.6GW capacity reserve contract — PortoCem PPA — from Denham Capital-backed Ceiba Energy.
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Origis Energy has closed a $344 million project financing from MUFG for the developer's 200MW / 200MWh Gold Triangle I solar-plus-storage project in Lowndes County, Mississippi.
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PNM Resources and Avangrid have terminated their $4.3 billion merger agreement.
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Spanish renewable developer Solarpack and French asset manager Ardian have split their renewable joint venture (JV) of solar portfolios in Chile and Peru.
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Former Riverstone Credit Partners founders have launched energy credit investment manager Breakwall Capital.
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Goldman Sachs has promoted Emily Hashimoto to managing director of the infrastructure investment banking team in New York City.
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Blackstone Infrastructure Partners subsidiary BIP Blue Buyer has completed its $2.16 billion acquisition of a 19.9% equity stake in NIPSCO.
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First Solar, a leading solar manufacturer, has completed two Tax Credit Transfer Agreements (TCTAs) to sell $500 and $200 million in Advanced Manufacturing Production tax credits to financial services company Fiserv.
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Eneva has landed more than R$1 billion ($206 million) in financing for a gas-fired power plant the company is developing in Brazil.
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The US Treasury Department has released the proposed green hydrogen tax credit guidelines, 45V, to be available for public comment for the next 60 days. The Biden-Harris administration hopes the credits will provide over $140 billion in revenue by 2030
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Global Infrastructure Partners (GIP) has agreed to expand its partnership with AES Andes, growing their shared portfolio from 730MW to more than 1,400MW in Chile.
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Commercial-scale provider of clean electric energy provider Altus Power has closed on the acquisition of Project Hyperion which consists of 121MW of solar assets, primarily located in North and South Carolina.
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Copia Power, backed by investment firm Carlyle, has closed a $1.2 billion construction-to-term loan for its Harquahala Sun 1 and Harquahala Sun 2 solar-plus-storage projects in Maricopa County, Arizona.
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Southwest Gas Holdings has appointed William “Bill” Fehrman as president and chief executive of Centuri Group, effective January 12, 2024.
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Allete and Grid United's subsidiary, North Plains Connector, have signed development agreements on the North Plains Connector project, an approximately 400-mile high-voltage direct-current (HVDC) transmission line from central North Dakota to Colstrip, Montana.
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Global Partners has completed the acquisition of 25 liquid energy terminals from Saudi Aramco-subsidiary Motiva Enterprises.
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The state of Delaware has begun official negotiations with offshore wind developer US Wind, which is developing two wind farms off Maryland, to provide lease areas for the farms' undersea cables and onshore substations.
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Spain’s Acciona Energia has landed a loan for the company Cotoperí solar complex in the Dominican Republic.
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Siemens Energy has signed a memorandum of understanding with Santa Clara, California-based fast fission clean power company Oklo to become its preferred supplier as it scales up its advanced fission power plants.
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Hull Street Energy has closed on a $160 million credit facility to finance its 855 MW Milepost Power Texas portfolio, Mesquite Generation.
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Renewable developer Auren Energia landed financing from the Northeast Development Fund (FDNE) for a solar project the company is developing in Brazil.
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New Jersey-based utility South Jersey Industries, energy transition investment firm Captona, and renewable natural gas (RNG) developer RNG Energy Solutions have entered into a partnership to create one of the largest anaerobic digestor projects.
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Crescent Point Energy has closed on its acquisition of Canadian Riverstone Holdings-owned oil and gas business Hammerhead Energy.
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Chilean renewable developer Susterra is planning a green hydrogen project to support the decarbonization of the mining sector in Chile.
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California Resources Corporation and its carbon management business, Carbon TerraVault, have received the first draft of Class VI well permits for underground carbon dioxide (CO2) injection and storage.
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Spanish independent power producer Ecoener has signed power purchase agreements with the government of Ecuador, marking the firm’s entry into the Ecuadorian market.
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Battery storage IPP On.Energy has inked $40 million in construction and debt facilities with Live Oak Bank for its 80MW ERCOT portfolio.
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Bank of America and clean energy real estate company Radial Power have signed an $80 million tax equity financing agreement for a 96MW portfolio of distributed generation, commercial & industrial, and community solar projects.
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Energy storage business Convergent Energy and Power has appointed Donald Jenkins as its new chief operating officer (COO).
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Norwegian energy company Statkraft is expanding its pipeline with two solar-plus-storage projects to be sited by wind complexes the company is building in Brazil.
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Transaction risk insurance broking and advisory firm Birch Risk Advisors has taken on former NovaSource Power Services chief executive officer Troy Lauterbach as renewable energy advisor.
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Australian mining firm Allkem has secured a long-term financing package of up to $50 million from IDB Invest to develop its greenfield Sal de Vida lithium project located in the province of Catamarca.
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BP-funded Advanced Ionics is growing its executive team with two green hydrogen professionals as the company plans its generation pilot programs launch for next year.
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The energy finance team at First Citizens Bank and Jupiter Power have closed $65.2 million in financing for the energy storage developer's 200MW/400MWh battery energy storage system in Houston, Texas.
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Cadiz has received the final regulatory nod from the US Bureau of Land Management (BLM) to complete its acquisition of the 220-mile pipeline from El Paso Natural Gas (EPNG).
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Solar and storage developer Adapture Renewables has signed three agreements to sell renewable energy credits (RECs) from 330MW of solar generation in Illinois and Arkansas to technology company META
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Electricity distributor and hydro developer Luz del Sur has agreed to acquire a pair of operational wind projects in Peru.
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Spain’s Grenergy and Germany’s Energy Kitchen are growing their renewable capacity in Chile by adding solar and wind projects to their respective pipelines.
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Ardian has acquired full ownership of the Peruvian subsidiary of Latin America Power from funds managed by BTG Pactual, Patria Investments and GMR Holding.
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Advantage Capital and Sabanci Renewables, a subsidiary of Sabanci Holding, have closed a $185 million tax equity financing to fund the developer’s 272MW Cutlass Solar II Project outside of Houston, Texas.
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Southern Company subsidiary Georgia Power Company (GPC) will sell multiple specified transmission lines to Georgia Transmission Corporation (GTC), PFR has learned.
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Canadian investment giant Brookfield acquired Duke Energy’s unregulated utility scale commercial renewables business at an enterprise value of approximately $2.8 billion – a deal that showed they were the exception to the mega M&A rules this year.
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Brazilian utility Copel and Petrobras have agreed to sell the Araucária gas-fired power plant they co-owned in Brazil.
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Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the second transmission auction of the year.
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The US Treasury has revealed the guidelines on the 45X advanced manufacturing tax credit to incentivize the creation and use of a domestic renewables supply chain.
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US-based utility and renewable energy developer Allete is contemplating the sale of its business, and has enlisted JP Morgan Chase for the potential sale process.
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Greenbacker has closed a $92 million financing agreement with BMO Financial Group to construct its largest standalone BESS project — 120MWh Holtville BESS — and various community solar developments.
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Natural gas marketer ARM Energy Services and Rabobank have increased the revolving credit capacity on a senior secured credit facility by an additional $50 million to $160 million.
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Renewables and utility project developer Invenergy has opened a regional office in Montreal, becoming the company’s Quebec-based hub for Eastern Canada.
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NextEnergy Capital has finalised the first investment – a 100MW utility-scale solar project in Highlands County, Florida – from its latest fund.
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Westbridge Renewable Energy has closed the sale of its 230MW Vulcan County, Alberta-sited solar power plant project known as Georgetown Solar to a subsidiary of Mytilineos Energy & Metals.
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Global investment bank Houlihan Lokey has hired former RBC executive Rob Kordas as managing director of its industrials group.
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The state of Louisiana has approved its first-ever offshore wind farm agreements for projects in state waters, inking contracts with Vestas and Mitsubishi subsidiaries.
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HIF Global is seeking environmental approval for the Faro del Sur wind project again having previously withdrawn its initial submission.
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Unit Corporation has completed its previously announced sale of certain non-core oil and gas assets sited in the Texas Panhandle for net cash proceeds of $50 million at closing.
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IDB Invest has agreed to provide long-term financing to Air-e to support the company’s distribution services in Colombia.
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Sustainable aviation and carbon emissions-derived fuels production company Dimensional Energy has successfully closed its $20 million Series A funding round.
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Renewables developer Pivot Energy is developing six community solar projects totaling 33MW across Illinois, working alongside fashion company Tapestry, which will purchase the projects’ Impact Renewable Energy Credits (RECs).
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Generate Capital has hired William Sonneborn as the firm’s new president, bringing his several decades of asset investment experience to the company.
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Grant County, Washington’s Public Utility District No. 2 (Grant PUD) has begun an all-source request for proposals (RFP) to fulfill its supply need of 300MW of firm capacity and energy.
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French renewable developer Voltalia has agreed to sell a wind site in its Serra Branca complex in Brazil to Japanese conglomerate TODA.
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PJM Interconnection awarded Potomac Edison and Mid-Atlantic Interstate Transmission (MAIT) 3 transmission projects, totaling more than $800 million, in Pennsylvania, Maryland, Virginia, and West Virginia.
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YPF Luz has signed a power purchase agreement (PPA) to supply renewable energy from its latest wind project in Argentina.
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Canadian investment manager Brookfield is investing R$1.2 billion ($242 million) into solar distributed generation in Brazil.
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US technology giant META has entered into a 20-year power purchase agreement (PPA) with Ørsted’s 300MW Eleven Mile Solar Center in Pinal County, Arizona.
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The US Air Force Research Laboratory’s Space Vehicle Directorate has selected Westinghouse to power its advanced space research program.
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Mona Dajani has joined Baker Botts as a partner in the law firm's global projects department in New York.
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PJM has selected the MidAtlantic Resiliency Link project proposal from a NextEra subsidiary to address reliability issues in its western grid sections.
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Utility Hawaii Electric Company is negotiating final terms with various developers to add 15 renewable generation projects to its grid, which will aid the state’s retirement of 6 fossil fuel-powered generators.
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Zuma Energia has completed the acquisition of a majority stake in Jaguar Solar from InfraRed and INVEX Infraestructura (INVEX).
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IDB Invest is preparing an up to $333.5 million debt package to support YPF Luz’s renewable expansion in Argentina.
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Shell subsidiaries Shell Wind Energy and Savion Equity will sell partial ownership stakes in two US-based renewable energy projects to international infrastructure investment manager InfraRed Capital Partners (InfraRed).
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The Bureau of Ocean Energy Management (BOEM) has proposed a Central Atlantic offshore wind lease sale for over 277,000 acres in the waters off of Delaware, Maryland, and Virginia. The sale is expected to take place in 2024.
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Chile’s national oil company ENAP has signed a memorandum of understanding (MoU) with HIF Global for the commercialization of biofuels in Chile.
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Canadian province Newfoundland and Labrador (NL) has signed a memorandum of understanding (MoU) with the federal government to become a lead regulator on offshore wind projects in 16 inland bays in the province.
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Battery storage developer Key Capture Energy (KCE) has hired former EDP Renewables executive Brian Hayes the company’s chief executive, effective January 8, 2024.
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Renewable energy company Ormat Technologies has entered a 25-year power purchase agreement (PPA) with Dominica Electricity Services to develop a 10MW binary geothermal power plant.
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Renewable and utility developer Invenergy has acquired the Atlantic Power Transmission (APT) project from Blackstone, relaunching the New Jersey transmission initiative as Jersey Link, to support New Jersey’s offshore wind goals.
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Generate Capital and electric and low-emission bus manufacturer Blue Bird Corporation have formed Clean Bus Solutions, a joint venture providing electrification-as-a-service to school bus fleets around the US.
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Brazilian utility Alupar won a transmission project in an auction launched in August by Colombia's Mines and Energy Planning Unit (UPME).
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Transition Industries has signed a joint project development agreement (JPDA) with the IFC to develop a methanol production plant in Mexico.
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Washinton state-based utility Puget Sound Energy (PSE) will construct a 248MW wind farm in Stillwater County, Montana. The project is expected to become operational in 2025.
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Andrea Lucan has joined Sidley Austin’s Los Angeles office as a partner in the firm’s energy, transportation, and infrastructure group.
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Spanish developer Enerfin has landed a R$114 million ($23.2 million) loan from Sudene through its Northeast Development Fund (FDNE) for a solar project.
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A consortium including Sunstone Credit, IGS Ventures, and an affiliate of Greenbacker Capital Management, have closed on the acquisition of residential solar lender Sunlight Financial Holdings following its Chapter 11 restructuring.
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Ørsted’s 132MW South Fork project has become the first offshore wind farm to plug into New York’s power grid, and Vineyard Wind completed its first five wind turbines as the projects go head-to-head to become the first full utility-scale offshore wind farm in the US.
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Small modular nuclear reactor and fuel business X-Energy Reactor Company (X-energy) has completed a $80 million Series C financing round.
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Brazilian development bank BNDES has signed an agreement with the New Development Bank (NDB) , formerly the BRICS Development Bank, that will see the pair invest $1.7 billion into the nation's energy transition.
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Brazilian development bank BNDES has agreed to two loans to finance biogas assets located in the state of Sao Paulo in Brazil.
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EV charger manufacturing company DG Matrix has finalized a multi-year partnership with sodium-ion battery producer Natron Energy to accelerate the deployment of charging infrastructure.
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Mammoth Energy Services subsidiary Cobra Acquisitions will transfer around $54.4 million of its outstanding receivables with the Puerto Rico Electric Power Authority (PREPA) to the SPCP Group for $46.3 million.
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Waste management and renewable fuel developer Dynamic Renewables has hired the former president of renewable natural gas (RNG) at Kinder Morgan as its chief executive.
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Swiss asset manager SUSI Partners is expanding its partnership with developer SMT energy by doubling its Texas battery energy storage (BESS) portfolio to 200MW from 100MW, adding 10 new projects.
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US-based utility-scale solar and battery storage developer Mission Clean Energy has hired John Richardson as vice president of finance.
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Norwegian energy company Statkraft is planning to develop a hybrid solar and wind project, adding 440MW to its renewable pipeline in Chile.
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Denmark’s Copenhagen Infrastructure Partners (CIP) will invest $10 billion into a green hydrogen project in Mexico.
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Independent power producer Nightpeak Energy (Nightpeak) has closed on its acquisition of NRG subsidiary Saguaro Power Company (Saguaro).
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Brazilian oil and gas giant Petrobras has signed a preliminary agreement with the state government of Rio de Janeiro for the development of a carbon capture hub.
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London-based electricity generation company ContourGlobal has agreed to offload a portfolio of wind farms in Brazil.
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Energy and storage provider FirstLight has signed a 5-year power purchase agreement (PPA) with the Massachusetts Municipal Wholesale Electric Company (MMWEC) to provide 14 state municipal utilities with 69GWh of hydropower.
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Lummus Technology and Toshiba Energy Systems & Solutions Corporation (Toshiba) have entered an agreement to jointly develop carbon capture projects in the US.
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Deloitte's former ESG Tax Leader has joined RBC Capital Markets as a managing director.
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Renewable power producer Qair has received a loan from Sudene’s Northeast Development Fund (FNDE) for two solar projects in Brazil.
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US-based lithium-ion battery developer and energy storage systems manufacturer KORE Power (KORE), has named industry veteran Michael Canada as its chief operating officer.
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Investment firm Hannon Armstrong Sustainable Infrastructure (HASI) will hold a private offering of $500 million in green senior notes to develop green energy projects.
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Kinetik Holdings will offer $500 million in sustainability-linked senior notes due 2028.
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Renewables developer energyRe has raised a $1.2 billion capital package to develop and construct its 10.5GW solar, wind, and storage portfolio, as well as 500 miles of transmission.
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Utility-scale energy storage developer Malta has closed a funding round with investors from Siemens Energy Ventures and Alfa Laval, as well as existing shareholders, to grow its long-duration solar production and development.
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The Inter-American Development Bank (IDB) has launched IDB Clima, a financial initiative to support successful green initiatives across Latin America.
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NextEra Energy Partners, will privately offer $750 million of senior unsecured notes due 2029 via its direct subsidiary, NextEra Energy Operating Partners (NEP OpCo).
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Brazilian development bank BNDES has signed a memorandum of understanding (MoU) with the World Bank to support low-carbon hydrogen initiatives in Brazil.
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The former chief executive of FirstLight Power, Alicia Barton, will join Vineyard Offshore as chief executive on January 1, 2024.
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Southwest Gas Holdings, (Southwest Gas ) will pursue an initial public offering (IPO) of newly issued Centuri Holdings shares during spring or summer of 2024 as the companies look to separate.
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Although an issue facing the whole energy sector, transmission and grid connectivity for the offshore wind industry has reached a whole new level of complexity.
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Ares Management has acquired organic waste management and biogas company Burnham RNG (Burnham) from Edge Natural Resources.
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Chile’s Inversiones Latin America Power (ILAP) filed for Chapter 11 in the Southern District of New York on November 30 2023 in a voluntary restructuring process.
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Hyundai Mobis has secured a $490 million term loan facility from Australia and New Zealand Bank Group (ANZ) to fund four EV manufacturing plants in Georgia, establishing its presence in the US EV market.
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Commercial solar owner and operator Summit Ridge Energy through its joint venture with Osaka Gas USA, acquired 19 community solar projects in Virginia for $250 million.
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Chesapeake Utilities has completed its acquisition of Florida City Gas, which will henceforth act as a wholly-owned subsidiary of the company.
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BGC Group’s (BGC) subsidiary Poten & Partners, an integrated energy advisory and brokerage, has launched a global advisory team focused on the hydrogen, ammonia and methanol markets.
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SoftBank and Ares Management-backed SB Energy Global has secured $2.4 billion in financing for solar projects that are the first to qualify for the federal tax credit domestic content bonus.
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The Bureau of Land Management (BLM) is set to conduct three oil and gas development lease sales in the states of Wyoming, Mississippi, Nevada, Oklahoma and New Mexico.
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Enel is planning to invest $5.7 billion across its core markets in Latin America for the period 2024-2026.
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Rubicon Capital Advisors has hired Justin Snyder as senior director in its New York office where he will focus on advisory opportunities across the North American renewable energy, energy transition and infrastructure sectors.
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Calibrant Energy, a joint venture established in 2020 between Siemens and Macquarie, has continued to add to its headcount with the hiring of Sean Rheuben as managing director, strategic origination with business development.
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Spanish law firm Cuatrecasas has hired Michel Diban to join its M&A and corporate practice in the Santiago, Chile office.
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UK clean energy investment firm Sustainable Development Capital (SDC) has acquired Volery, a US-based private equity firm focused on energy transition.
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Investment manager Kimmeridge Energy Management’s carbon capture-focused vehicle Kimmeridge Carbon Solutions, has teamed up with UK-based decarbonization development business Storegga to advance carbon capture usage and storage (CCUS) projects.
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Infinium's first-of-its-kind efuels project for sustainable aviation fuel (SAF) has received a $75 million equity investment commitment.
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Global law firm Vinson & Elkins has added a number of lawyers with energy expertise to its partnership and promoted others to counsel, effective January 1, 2024.
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Michigan Governor Gretchen Whitmer has signed the state’s MI Healthy Climate Plan into law following its passage in early November by the House legislature.
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Electrical connector manufacturer Stäubli Electrician Connectors has signed an agreement with SSA Terminals to provide electric vehicle (EV) charging stations for its 33 terminal tractors at the Port of Long Beach, California.
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Former DLA Piper US head of energy and natural resources Vanessa Richelle Wilson has joined international law firm Akin’s Washington, DC. office as a partner in the projects and energy transition team.
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AES Andes has secured environmental approval to move forward with its project to repurpose a coal-fired facility for energy storage in Chile.
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Linklaters has hired Michael Rodgers – formerly of White & Case – as partner in its energy & infrastructure and tax practices in Washington, DC.
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Private investment energy firm X Machina Capital (XMC) will merge its portfolio company Gradient Geothermal with Denver, Colorado-based geothermal company Transitional Energy.
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Power Sustainable has committed C$200 million to reach a final close on the second vintage of its energy infrastructure strategy at C$800 million.
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Boston-based Álvaro Ortega has joined innovative floating offshore wind (FLOW) company Gazelle Wind Power as chief financial officer.
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Atlas Renewable Energy has landed a $448 million (R$2.18 billion) financing from development bank BNDES for a solar complex in Brazil.
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French renewables developer CVE is adding a small-scale solar project to its pipeline in Chile.
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Paul Daily, president and chief executive of Southwest Gas subsidiary Centuri Group, will step down from his position when the utility business appoints a successor.
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Excelsior Energy Capital has closed a $1.3 billion financing deal for its 682MW Faraday Solar project in Utah, which has a long-term power contract with technology giant Meta through utility PacifiCorp.
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Renewable power developer Apex Clean Energy has commenced sale of four solar projects to commercial solar owner and operator Summit Ridge Energy.
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Enel has appointed Antônio Scala as chief executive of the Brazilian branch, based in São Paulo, Brazil.
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Renewables company Brightcore Energy and clean power business Altus Power have joined forces to develop a 16,000-panel solar project spanning 19 properties.
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Utility-scale solar and storage developer Primergy has closed a $300 million debt financing and tax equity deal for its 100MW Prairie Mist Solar Project in Arkansas.
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German-based energy giant RWE will continue its €55 billion ($60.2 billion) Growing Green initiative – investing in renewable energy, batteries, flexible generation and hydrogen – with an estimated €20 billion ($21.9 billion) to be allocated to future US investments by 2030.
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The Canada Infrastructure Bank (CIB) has launched the Indigenous Equity Initiative (IEI) to support First Nation, Metis and Inuit communities in purchasing equity stakes in CIB-backed infrastructure projects.
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Texas lawmakers via a two-thirds margin voted in a controversial constitutional amendment that authorizes a $10 billion Texas Energy Fund aimed at providing low-interest loans to build gas-fired power plants, develop microgrids and modernize portions of the state’s electric grid.
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AES Dominicana Renewable Energy (ADRE) has secured a $368 million financial package to for the DBFOM of 3 renewable energy projects and to refinance short-term debts.
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Brazilian development bank BNDES has approved a R$157 million ($32m) loan package to Bioo Holding for the development of a biomethane plant in Triunfo, Rio Grande do Sul state.
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Energy provider Genie Energy’s fund manager subsidiary Sunlight Energy Investments has purchased a 12-project solar portfolio from small solar developer local to the Midwest.
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Law firm Greenberg Traurig has added to its energy & natural resources practice in the US with the hire of a tax partner.
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Ameresco is to build a 50MW/200MWh battery energy storage system (BESS) for CAISO utility Silicon Valley Power (SVP) in Santa Clara, California.
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Microgrid and microturbine manufacturer Capstone Green Energy Corporation hires Emer Higgins as its vice president of operations.
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Renewable developer Longroad Energy has secured $600 million in debt financing for its wind, solar, and battery portfolio across the US.
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Colbún has inked power purchase agreements (PPAs) with water treatment company Aguas Pacífico in Chile.
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Spanish company Jepri Group signed a Memorandum of Understanding (MoU) with the Government of Ceará for a €3.3 billion green hydrogen plant in the Brazilian state.
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Offshore wind developer Attentive Energy is preparing two investments to help grow the industry's supply chain and support ocean-based technology startups in New Jersey.
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The New York Independent System Operator (NYISO) has halted the May 2025 retirement of four peaker plants to keep New York City’s grid reliable.
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GE Vernova’s power conversion business and Next Hydrogen Solutions have signed a memorandum of understanding for green hydrogen production.
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GTI International subsidiary Projeo Corporation has been awarded $38 million from the US Department of Energy (DOE) for its Phoenix Project.
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Enel Americas and Enel Perú have signed an agreement with Actis-owned Niagara Energy to sell their Peruvian power generation businesses.
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Power distribution business FirstEnergy has appointed two new senior executives as part of the company’s initiative to expand its presence as an electric utility.
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Recurrent Energy has secured a R$490 million ($100 million) financing for a 300MW solar asset the company is developing in Brazil.
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Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the first transmission auction to be held in 2024.
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The Bureau of Ocean Energy Management (BOEM) has approved the 816GW Empire Wind 1 offshore wind project, owned by Equinor and BP. Empire Wind marks the sixth offshore wind project approved by the Biden-Harris administration in its goal to reach 30GW of offshore generation by 2030.
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KKR-backed investment firm BlackGold Capital Management has closed a deal for US-based energy infrastructure lender Northbase Finance.
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Sumitomo Corporation of Americas (SCOA) has signed a Memorandum of Understanding (MoU) with international trade and development company Invest Alberta to support its energy infrastructure projects in Alberta, Canada.
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Summit Ridge Energy has inked a $275 million financing from MUFG to expand its operations and project pipeline of community solar in Virginia and Illinois. The deal upsizes the existing $100 million partnership between Summit and MUFG.
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Swift Current Energy has secured a 20-year power contract with NYSERDA for its 402MW Mineral Basin Solar project, the largest onshore energy project to be selected by NYSERDA's competitive solicitation.
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Capital Power has acquired two contracted combined-cycle US gas generation facilities from Beal Financial Corporation subsidiary CSG Investments.
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Rabobank has expanded its banking team and made analyst hires dedicated to energy transition in the US.
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Copenhagen Infrastructure Partners (CIP) has launched a platform for the development and realization of renewable projects in Canada, Horizon New Energy, as part of the firm's expansion into the Canadian market.
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US-based power plant owner and operator IHI Power Services Corporation (IPSC) has taken on Glenn McCombs as the company’s chief development officer, effective immediately.
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Spanish developer Grenergy is planning to invest €2.6 billion ($2.8 billion) until 2026 into renewables, particularly storage, across Latin America, the US and Europe.
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Eversource and Ørsted's jointly owned Revolution Wind, a 704MW offshore wind project located off Rhode Island, has received final Bureau of Ocean Management (BOEM) approval for its construction and operations plan.
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Santiago-based renewable developer Blue Light Energy has started the permitting process for a solar-plus-storage asset in Chile.
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Mainstream Renewable Power has completed the restructuring of its Chilean subsidiaries, Condor Energía and Huemul Energía following a months-long process.
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International construction, mining and industrial heavy equipment manufacturer Komatsu has agreed to acquire US-based lithium-ion battery developer American Battery Solutions (ABS).
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Innergex has taken complete control of the Pampa Elvira Solar thermal project, following an acquisition from IFU on Friday (17 November).
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Independent power producer NRG’s president and chief executive officer Mauricio Gutierrez has departed the company and resigned from its board, leaving Lawrence Coben in the role for the interim.
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Clenera Holdings subsidiary Country Acres Clean Power has signed a power purchase agreement (PPA) with the Sacramento Municipal Utility District (SMUD) for its 392MW / 688MWh solar-plus-storage project in Placer County, California.
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Canada-based green hydrogen developer EverWind Fuels has secured a C$125 million (USD $ 91.2 million) debt facility from Export Development Canada (EDC) to put toward its Tupper Point, Nova Scotia-based green hydrogen and ammonia project.
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Among the many hurdles the offshore wind sector is facing, the lack of guidelines for tax credits guidelines remains one of the most convoluted.
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International professional services firm Alvarez & Marsal has taken on former Chevron executive Jay Johnson as senior advisor to its energy practice.
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GE Vernova and Michigan-based energy storage company Our Next Energy (ONE) have signed an agreement to collaborate on US-based solar and storage projects.
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Spanish developer Grenergy has signed the company’s first 'non-solar-hours' power purchase agreement (PPA) to supply the Chilean company EMOAC.
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Chilean renewables developer Eactiva is planning to develop a duo of solar projects, adding 28MW to its development pipeline.
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New York will release requests for proposals (RFPs) for offshore wind and onshore renewable energy projects on November 30, 2023.
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Colombian infrastructure company Interconexión Eléctrica SA (ISA) has secured an up to COP$500 million ($124 million) loan.
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EnfraGen has completed the acquisition of six renewable projects in Central America, with a combined capacity of 188MW, from Celsia.
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The Saudi Fund for Development (SFD) has signed a memorandum of understanding (MoU) with the government of Saint Kitts and Nevis for the financing of a power plant on the islands.
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Leeward Renewable Energy (LRE) has closed on $580 million of tax equity commitments and debt facilities for its White Wing Ranch Solar and GSG Wind projects located in Yuma County, Arizona, and LaSalle County, Illinois, respectively.
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LS Power is set to invest up to $400 million into green hydrogen projects developed by Monarch Energy.
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Clean power producer, developer, and energy storage company, FirstLight, has promoted current COO, Justin Trudell, to chief executive, effective December 1, 2023.
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Electric vehicle (EV) services provider Revolv has closed a $25 million project financing with a Greenbacker Capital Management affiliate fund, the first non-recourse project financing in the EV sector. The facility will aid Revolv's deployment of EVs and charging stations to its customers across the US.
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National Grid Renewables has agreed to two power purchase agreements (PPAs) for its Blevins Solar Project, a 270MW development located in Falls County, Texas.
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Gridmatic has reached the second closing of its first energy storage fund, increasing committed capital to a total of $50 million.
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The Department of Energy (DOE) has ringfenced $3.5 billion from the Bipartisan Infrastructure Law to boost domestic production of advanced batteries and battery materials.
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Community solar and battery project developer PureSky Energy has closed a 3-year $150 million revolving credit facility with Nomura to fund its interconnection projects and grow its acquisition pipeline.
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Canada-based Enbridge has entered a joint definitive agreement to construct and operate the Fox Squirrel solar project with EDF Renewables.
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Minnesota Power, a utility division of Allete, has issued a Request for Proposals (RFP) for up to 300MW of solar energy to come online by 2027.
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Swiss fund manager SUSI Partners is expanding the company’s partnership with Chilean developer BIWO Renovables adding two projects to their shared portfolio.
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A section of Pattern Energy’s $10 billion Arizona-based SunZia Transmission project has been temporarily suspended by federal land managers following a request from the Tohono O’odham Nation.
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Canadian independent power producer Innergex Renewable Energy has closed a $185 million financing deal for three unlevered hydro assets in Quebec and British Columbia, totaling 107MW.
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The Department of Energy (DOE) has provided $444 million to fund 16 carbon storage and management projects across the US.
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Oceanic Wind Energy has renegotiated its agreements with green power developer Northland Power, taking back its 400MW Hecate Strait offshore wind project in British Columbia.
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Chilean utility Colbún is partnering with UK cleantech firm RheEnergise to develop an energy storage facility.
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Ørsted's chief financial officer and chief operating officer have left after the company announced $5 billion in impairments, canceling its 2.3GW Ocean Wind 1 and 2 offshore wind farms off New Jersey, and pulling out of a consortium due to bid on offshore wind projects in Norway.
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Two infrastructure-focused private equity professionals have established a clean energy investment firm – Acadia Infrastructure Capital.
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Online retail giant Amazon is expanding the company’s renewable energy portfolio with the company's first wind project in South America.
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Energyquil has signed a concession agreement for the installation, operation and maintenance of a gas-fired power plant in Ecuador.
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DSD Renewables has received a $250 million strategic investment from Cox Enterprises.
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Verdani Partners, a commercial real estate management services company, has teamed up on energy procurement with the auction-based energy seller Transparent Energy.
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Siemens Gamesa Renewable Energy has pulled out of its $200 million Portsmouth, Virginia, offshore wind blade manufacturing facility, citing turbulence in the industry.
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French energy company TotalEnergies is to buy three gas-fired power plants in Texas from TexGen for $635 million.
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Renewables developer Madison Energy Infrastructure (MEI) has closed a $450 million debt financing from a club of seven banks to develop and deployment of its commercial and industrial (C&I) projects.
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Austin, Texas-based developer Cielo Wind has landed approval for a wind project the company is working on in Chile.
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Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities, has closed on a $200 million facility from private equity giant Blackstone.
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Volvo Group has won the winning auction bid to acquire the Proterra Powered business and assets of recently bankrupt electric vehicle (EV) battery developer Proterra.
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Renewables developer Genneia is issuing a $15 million green bond, with a capacity to grow to $30 million, for a pair of solar and wind projects in Argentina.
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Suncor is offering C$1.468 billion ($1.5 billion) in unsecured senior notes to fund its acquisition of TotalEnergies Canada.
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Colombian energy company Grupo Energía Bogotá (GEB) has issued a $400 million green bond, the first such bond issued by a Colombian company on the international market.
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Argentina’s Secretariat of Energy is seeking expressions of interest to develop energy storage system projects in the country.
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Sunnova Energy has secured a $244 million securitization for its Hestia I solar project, which includes the development of 587MW of distributed generation energy resources (DERs) and associated software in Puerto Rico.
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French energy company Engie is issuing R$2.5 billion ($507 million) in debentures to refinance assets in Brazil.
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The Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporations (NuScale) have terminated their Carbon Free Power Project (CFPP) located at the Idaho National Laboratory.
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FirstEnergy is planning a 5-year, $935 million transmission infrastructure upgrade in New Jersey.
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Chesapeake Utilities is looking to raise $330 million through a common stock offering to help fund its Florida City Gas acquisition, expected to close in the fourth quarter of 2023.
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Renewable natural gas and biofuel producer São Martinho has signed an agreement to sell its biomethane to Compass Comercialização in Brazil.
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Quantum Capital Group, the energy-focused private equity firm, has hired David Altshuler partner and co-head of client solutions.
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Cubico Sustainable Investments has appointed Andrew Coffield as head of legal, US.
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Sunnova Energy International is expanding its virtual power plant (VPP) platform to Puerto Rico, as well as installing more rooftop solar and batteries, after receiving funding from the Department of Energy (DOE)'s DOE Grid Deployment Office.
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EverGen Infrastructure has signed a 10-year offtake contract with Irving Oil for the supply of renewable natural gas (RNG).
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Investment firm Denham Capital is launching a renewable energy platform following the sale of the firm’s Rio Energy assets to Equinor.
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Electricity utility Eletrobras and Brazilian development bank BNDES have agreed on a restructuring of the debts of hydro firm Santo Antônio Energia (SAESA) – an indirect subsidiary of Eletrobras.
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UK power generation business Drax has partnered with fintech platform Patch to grow the private investment market in carbon dioxide removals (CDRs).
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Kenneth Ditzel has joined global consulting firm Berkeley Research Group’s (BRG) energy & climate team as a managing partner.
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HSBC has named Paul Snow as head of renewables in the Americas in the real assets finance team, promoting him from a director role.
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Renewables developer Arevon has closed a $529 million financing package, including a tax credit transfer agreement, for its Vikings solar-plus-storage project in California.
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Finance advisory and investment banking firm Marathon Capital has launched an equity research group with Alex Kania as its lead analyst and Chandni Chellappa as the team’s vice president.
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NextEra Energy Partners is selling its Texas natural gas pipeline, STX Midstream, to Kinder Morgan for $1.8 billion.
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Jean Francois Roberge has joined Abu Dhabi fund Mubadala as head of partnerships for the Infrastructure Americas division.
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New Fortress Energy has secured financing for its 630MW Barcarena power plant in Brazil.
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Eversource Energy is looking to sell its 50% stake in its offshore wind joint venture with Danish energy giant Ørsted, which includes three projects totaling 1.7GW.
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Uranium mining company Cameco Corporation and Brookfield Renewable Energy have closed on the joint acquisition of nuclear services business Westinghouse Electric Company on November 8, 2023.
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Brazilian developer Órigo Energia has landed financing for a portfolio of small distributed solar generation assets.
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Renewables developer and asset owner Madison Energy Infrastructure (MEI) is set to acquire Pro-Tech Energy Solutions.
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Mercedes-Benz HPC has closed a partnership with shopping and entertainment real estate company Simon to build a network of EV charging hubs across Simon-owned properties in the US and Canada.
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Global financing group Macquarie has hired a former CohnReznick director as the senior vice president in the Infrastructure Advisory, Americas practice.
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Durham, North Carolina-based Strata Clean Energy has closed a $300 million revolving loan and letter of credit facility to develop its 17GW pipeline of solar and storage projects.
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Norway’s Equinor has concluded the acquisition of renewables company Rio Energy from investment firm Denham Capital in Brazil.
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Nuclear power plant operator Constellation has completed the $1.75 billion acquisition of its 44% ownership stake in NRG Energy’s South Texas Project Electric Generating Station (STP).
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The seas have been rough for the offshore wind sector, and projects are repeatedly being hit by rising interest rates, supply chain disruptions, local unrest, and political opposition. Financing issues and heavy losses in the past quarter have unraveled the traditional project process. The key economic burden on these projects is, by far, the power purchase agreement (PPA) gap.
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International law practice Milbank has selected Jenna McGrath as a partner for the firm’s Project, Energy and Infrastructure Finance Group in the Washington, D.C. office.
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Brazilian power generator Eneva has received financing for one of its Parnaíba gas-fired power plants located in the state of Maranhão.
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International energy company Uniper has partnered with First Ammonia on a green ammonia project sited in Port of Victoria, Texas.
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Ontario, Canada’s government has established Ontario Infrastructure Bank (OIB) to expand infrastructure investments in the province with a proposed $3 billion in public funding at launch.
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Renewable energy infrastructure company Talus Renewables has raised $22 million in its Series A financing for production of its green ammonia technology.
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Altius Renewable Royalties Corporation (ARR)'s co-owned subsidiary, Great Bay Renewables, has secured a $274 million senior credit financing. ARR owns Great Bay with funds managed by affiliates of Apollo Global Management.
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D.E. Shaw Renewable Investments (DESRI) has begun operations on its 100MW solar energy farm in Imperial County, California.
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Chilean sponsor Blue Light Energy is planning a solar-plus-storage project in the region of Los Lagos, Chile.
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Canadian power company TransAlta will acquire Heartland Generation and Alberta Power (collectively, Heartland) from an affiliate of Heartland’s parent company, Energy Capital Partners.
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TotalEnergies has brought its 380MW/225MWh Myrtle Solar and battery storage systems project online outside of Houston, Texas. Myrtle Solar is the French company's largest-to-date utility-scale solar-plus-storage project in the US.
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Energy giant BP has declared impairments of $540 million related to its New York offshore wind projects, Empire Wind 1 and 2 and Beacon Wind. BP owns the projects off the New York and Massachusetts coasts in a 50:50 joint venture with Equinor.
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Italy-based energy and telecom cable systems company Prysmian Group has signed a €900 million ($951 million) agreement with Clean Path New York for submarine and land power cable systems.
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French bank Crédit Agricole has promoted one of its managing directors to the position of head of project finance for Latin America.
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EDP Brasil has agreed to offload a duo of operational transmission projects to Edify Empreendimentos e Participações.
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The Bureau of Ocean Energy Management (BOEM) has finalized four Wind Energy Areas (WEAs) with the potential to supply 3GW of energy for another Gulf of Mexico lease sale.
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Longroad has financially closed and commenced construction on Sun Streams 4, the company’s third project in the Arizona-based Sun Streams complex.
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Despite earlier announcements of large impairments and project cancellations for offshore wind, joint-venture partners Ørsted and Eversource have taken the final investment decision (FID) in their 704MW Revolution Wind, commencing the construction of the utility-scale offshore wind farm.
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The world's largest offshore wind developer, Ørsted, has stopped development of its 2.3GW Ocean Wind 1 and 2 offshore wind farms off New Jersey after announcing impairments of over $5.5 billion.
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Brazil’s Equatorial Energia is parting ways with its transmission business Integração Transmissora de Energia (Intesa).
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ExxonMobil has closed on its acquisition of Denbury, a carbon capture and sequestration (CCS) developer also specializing in oil recovery, as of November 2, 2023.
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Point-of-sale finance company Sunlight Financial Holdings has been acquired by a consortium of solar investors, including but not limited to a Greenbacker Capital Management affiliate, Sunstone Credit, IGS Ventures, and its secured lender, Cross River Bank.
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US maritime and logistics company Crowley has hired a former GE Offshore Wind executive as vice president of business development for its Wind Services group.
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France's Engie has signed an agreement that will see the energy company acquire four wind projects in Peru.
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The Bureau of Ocean Energy Management (BOEM) has approved Dominion Energy's 2.6GW Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind project in the US. Construction will begin in Spring 2024 and is expected to take around 3 years, bringing CVOW online in late 2026.
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Spanish developer Opdenergy has inked a long-term power purchase agreement for a solar project in Chile.
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X-Energy Reactor Company (X-energy) has reached the joint decision with publicly-traded special purpose acquisition company Ares Acquisition Corporation (Ares) to drop their previously announced acquisition, effective October 31, 2023.
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Spanish developer Grenergy has appointed Fabian Videla as chief financial officer for the Americas based in Santiago, Chile.
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Canadian Solar is building a 5 GW solar PV cell production facility sited at Jeffersonville, Indiana’s River Ridge Commerce Center.
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Blackstone portfolio company Aypa Power has finalized a $350 million financing facility and $200 million tax equity financing for its Borden and Cald Projects, a 150MW/300MWh battery energy storage facility (BESS) in Texas and a 100Mw/400MWh BESS in California, respectively.
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French power generator Engie has agreed to acquire all the shares in a portfolio of solar assets totaling close to 550MW in Brazil.
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Fortune 500 power firm Entergy is to sell its gas distribution business to private infrastructure equity management company Bernhard Capital Partners.
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MISO has selected an Ameren subsidiary to lead the development of a $84 million transmission project during the board's second bidding process for Tranche 1 of its Long-Range Transmission Planning (LRTP).
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Peru’s investment promotion agency ProInversión has awarded a duo of transmission projects totaling $800 million in investments.
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Distributed generation platform Aspen Power has completed construction on 14 solar projects acquired from Georgia’s Inman Solar.
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Canadian Solar’s battery storage unit, e-Storage has been awarded a supply and integration (S&I) contract for 1GWhdc of energy storage solutions with Arizona-based companies DEPCOM Power and Tuscon Electric Power (TEP).
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EDP and ArcelorMittal have signed a memorandum of understanding (MoU) that will see the two cooperate on the development of green hydrogen in Brazil.
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IDB Invest has proposed a $50 million loan to develop a solar energy project in the Dominican Republic.
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Competitive Power Ventures (CPV) has brought online its 1.25GW natural gas fired Three Rivers Energy Center in Grundy, Illinois.
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Hull Street Energy will acquire 48MW California natural gas-fired plant EF Oxnard from an affiliate of Atlantic Power & Utilities.
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Texas-based utility CenterPoint Energy has appointed Jason Wells to chief executive and board member.
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After New York state rejected a request from offshore wind developers to raise prices, Norwegian energy giant Equinor has recorded a $300 million impairment on its US offshore wind projects.
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The New Mexico Public Regulation Commission (PRC) has approved Xcel's early closure of its 1.067GW coal-fired Tolk Generating Station in 2028.
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Enfinity Global, a renewable energy company, is selling a 40% equity interest minority stake in a 400MW portfolio to Japanese utility Kyushu Electric Power Co.
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Chilean developer Sphera Energy is planning to develop a utility-scale solar project in the region of Ñuble, Chile.
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Renewables company Ormat will purchase a 150MW portfolio from Enel Green Power North America, a subsidiary of Enel, for $271 million.
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French construction company Vinci has won two contracts to carry out engineering, procurement, and construction (EPC) services for transmission projects in Brazil.
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John Cockerill Hydrogen, an electrolyzer manufacturer, has purchased a manufacturing space in Texas to create an electrolyzer gigafactory.
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Battery storage system manufacturer CMBlu Energy has secured $106.7 million in financing from STRABAG, the Austrian construction and infrastructure technology group.
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Duke Energy has closed the sale of its unregulated utility-scale commercial renewables business to energy giant Brookfield Renewable, rebranding the sold company as Deriva Energy.
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Renewables company and Iberdrola Group member Avangrid and green energy investment firm Copenhagen Infrastructure Partners (CIP) have closed a $1.2bn first-of-its-kind tax equity package for their jointly owned Vineyard Wind 1 offshore wind project.
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Technology provider Vontier Corporation's subsidiary, ANGI Energy Systems, to build a full hydrogen refueling station at the Santa Clarita Transit in California. The station will fuel over two million vehicles per year.
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Sid Perkins, founder of ION Energy, and Ike Perkins, former Mercuria Energy portfolio manager, have jointly launched their traditional, renewable, and transitional energy market commodity brokerage, Snapper Creek Energy.
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French developer Engie has secured approval to move ahead with its Libelula solar project in Chile.
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New York Governor Kathy Hochul has revealed a new renewable investment plan for the state, announcing conditional offtake agreements to three offshore wind projects and 22 onshore projects.
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Enel has concluded the sale of a solar subsidiary in Chile to UK-based energy producer Sonnedix.
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Goldman Sachs Asset Management has secured $4 billion after final close of its West Street Infrastructure Partners IV fund and related vehicles.
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Utility-scale solar and storage developer Palladium Energy has closed on a $10 million corporate equity investment from energy transition and decarbonization private investment firm Ultra Capital.
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Sumitomo Corporation of the Americas (SCOA) and its parent company Sumitomo Corporation have entered an agreement with private developer Reconciliation Energy Transition Inc (RETI), giving Sumitomo the exclusive right to acquire significant equity interest in the East Calgary Carbon Transportation & Sequestration Project (CTS Hub).
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The energy finance group at First Citizens Bank has closed a $60 million financing for Gore Street Energy Storage Fund, a UK-based fund investing in utility and scaled projects, a 200MW/400MWh battery storage project in Imperial County, California. The project, Big Rock, is Gore Energy's first development in California.
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DE Shaw Renewable Investments (DESRI) has begun construction on its 200MW/400MWh San Juan 1 solar and storage project in New Mexico.
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French developer Voltalia has started commercial operations of its Canudos 1 and 2 wind farms in Brazil.
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Nonprofit consumer advocacy organization Public Citizen has called on the Federal Trade Commission (FTC) to investigate whether Blackstone Infrastructure Partner’s (Blackstone) recently approved acquisition of a 19.9% equity stake in Northern Indiana Public Service Company (NIPSCO) vehicle, NIPSCO Holdings II, is legally sound.
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Rise Light & Power and Corio have purchased stakes in TotalEnergies's 3GW Attentive Energy offshore wind farm, paying a total of $420 million.
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French renewable developer CVE is expanding the company’s Chilean pipeline with a duo of solar projects.
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Green hydrogen development took a giant stride towards bankability as the Department of Energy selected 7 green hydrogen hub winners across 16 states, handing out $7 billion from the Bipartisan Infrastructure Law.
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PCC Hydrogen (PCCH2), a negative carbon intensity hydrogen producer, has entered a memorandum of understanding (MOU) with construction materials solutions provider Summit Materials and its subsidiary Continental Cement Company.
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The joint venture between renewable natural gas producer OPAL Fuels and South Jersey Industries (SJI), an infrastructure holding company, has begun constructing its Atlantic RNG facility on the Egg Harbor Township, New Jersey, landfill.
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Eneva has signed an agreement with steel products manufacturer Vallourec for solar output in Brazil.
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New York Governor Kathy Hochul has vetoed an Equinor and BP-endorsed bill to build underground transmission lines from its offshore wind projects into the city of Long Beach. Hochul's rejection of the Planned Offshore Wind Transmission Act strikes another blow to the industry a week after the state government shot down a financial relief bill for offshore wind developers.
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Chevron has agreed to acquire all outstanding shares of global independent energy company Hess in an all-stock deal valued at $53 billion or $171 per share based on Chevron’s closing price on October 20 2023.
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Vineyard Wind, owned by Avangrid and CIP, has installed the first turbine of its Vineyard 1 project, a landmark milestone for the 800MW project, which will be the first utility-scale offshore wind farm in the US. Once complete, Vineyard Wind will power nearly half a million Massachusetts homes.
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Ameresco has begun commercial operations of its renewable natural gas (RNG) facility at the Benson Valley Landfill in Kentucky, which is owned by waste disposal company Republic Services. The plant will produce 2,000scfm of raw landfill gas per year, reducing over 27,000 tons of carbon dioxide emissions annually.
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Milestone Environmental Services (MES) subsidiary Milestone Carbon has entered into an agreement with Texas Pacific Land Corporation to lease over 22,000 acres of land and pore space intended for permanent geologic sequestration of CO2 in the Permian Basin.
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Spearmint Energy has reached financial close on a $92 million tax equity investment for its 150MW battery energy storage system (BESS), Revolution, from climate-focused investment firm Greenprint Capital Management.
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The Department of Energy (DOE) has awarded $3.46 billion for 38 grid-reliability projects, which will modernize and stabilize the grid, especially from extreme weather events.
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German developer Soventix is planning a utility-scale project in the metropolitan region of Santiago, Chile.
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Central Puerto has acquired a solar project in Argentina, adding 117MW of solar capacity to the company’s renewable portfolio.
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DHL Express and sustainable aviation fuel (SAF) provider World Energy have inked a 7-year agreement that will see the international shipping and fulfillment company purchasing up to 668 million liters of commercialized SAF, a product of CO2 made from used cooking oil and agricultural waste products.
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Private investment giant Ardian has opened an office in Montréal, its first in Canada and third in North America.
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DIF Capital Partners has appointed Lorraine Becker as the company’s new head of ESG.
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Brazilian power company Energisa is issuing bonds for up to R$1.837 billion ($364 million) to finance energy infrastructure projects across Brazil.
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Concentric Energy Advisors, a management consulting and financial advisory firm for the North American energy and water industries, is making changes to its c-suite.
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Oil and gas company Petroquímica Comodoro Rivadavia (PCR) has brought online a trio of wind farms in Argentina.
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Invenergy's $7 billion transmission project, the Grain Belt Express, has received approval from the Missouri Public Service Commission (MPSC), the last step in securing state approval for project enhancements.
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Opdenergy has secured $252 million in financing for two under-construction solar projects, totaling 260MW, in West Virginia and Louisianna.
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Commercial energy developer Green Lantern Solar has hired a director of real estate and director of development as it grows its team.
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Australia’s Fortescue has secured rights to develop a wind farm in the Rio Negro province of Argentina.
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Energy transition private equity firm Hull Street Energy has made a strategic investment in distributed generation solar development company Greenskies Clean Focus.
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French solar developer GreenYellow is partnering with Exata Energia to develop distributed generation assets in Brazil.
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Integrated energy and fertilizer company Proman has inked an agreement with Mitsubishi to build a low-carbon ammonia facility in Lake Charles, Louisiana. If completed, the plant would create 1.2 million tons of ammonia annually.
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Plus Power has completed a $1.8 billion financing for its standalone battery storage pipeline to help stabilize the grid alongside new wind and solar projects. Using data-driven metrics, the BESS developer is investing the funds into five battery projects near metropolitan areas in the Southwest.
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FirstEnergy issued a request for proposal (RFP) to purchase Ohio-compliant renewable energy credits (RECs).
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New York State Public Service Commission (PSC) has unanimously rejected a request from a group of offshore wind developers to provide financial relief for four projects on the New York coast and 86 onshore projects. The relief would have come from increasing prices for customers, totaling $12 billion.
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Renewable natural gas producer OPAL Fuels has appointed Scott Contino as interim chief financial officer after Ann Anthony resigned from the role.
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The Missouri Public Service Commission (MPSC) has issued an order to spur the development of virtual power plants (VPP) in the state.
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Clifford Chance has hired corporate M&A partner Cephas Sekhar and counsel Kyle Kreshover to its recently opened Houston office.
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The New York Power Authority (NYPA) has created a senior leadership role to develop, own, and operate renewable energy-generating projects in the state.
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Argentina’s Ministry of Energy and the Bank of the Argentine Nation (BNA) have finalized a line of credit for the implementation of distributed generation of renewable energy.
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Vector Renewables has agreed to take over the management of assets of OBTON’s first photovoltaic solar plants in Chile.
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Green Energy Park and the State of Piauí, Brazil, have signed a Letter of Intent for the production and export of an initial one million tons of ammonia from renewable energy sources.
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Rhode Island Energy has issued a request for proposal (RFP) for an additional 1.2GW of offshore wind power.
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Urban battery storage developer NineDot Energy has inked an energy credit subscription agreement with coffee giant Starbucks.
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The Department of Energy has selected seven green hydrogen hub winners across 16 states, handing out $7 billion dollars in funds from the Bipartisan Infrastructure Law. Together, the hubs aim to produce over 3 million metric tons of clean hydrogen annually and generate over $40 billion in private investment in hydrogen.
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California Governor Gavin Newsom has approved AB1172 on fusion energy policy as one of the 900 bills that came across his desk this week, all of which require signature or veto by Saturday.
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Mexican solar distributed generation developer Energía Real has landed financing from Banco Sabadell.
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Enel Americas is looking to sell its Peruvian power generation businesses, Enel Generación Perú, Enel Generación Piura and Compañía Energética Veracruz.
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Investment firm Northleaf Capital Partners has acquired a controlling stake in EVPassport, an electric vehicle (EV) charging platform.
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Origis Energy has started construction on the first of three projects in Mississippi with a total capacity of 550MW plus 150MW of battery storage.
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Skyline Renewables has hired Todd Wynn as chief executive, replacing interim CEO Tim Menzie.
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Battery storage developer Spearmint Energy has hired Yelena Kuznetsova as the director of sustainability and ESG.
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Perch Energy, a community solar technology platform, has closed a $30 million investment from Nuveen in a series B round.
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Renewables developer oEnergy is planning a $60 million project that will see that company add a solar-plus-storage facility to its Chilean portfolio.
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Companhia Energética de Minas Gerais (Cemig) has concluded the sale of its shares in a hydroelectric power plant in Brazil.
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Braya Renewable Fuels has named former Delek executive, Todd O'Malley, as chief executive.
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Bluestar Energy Capital, the renewable energy investment platform founded last year (2022) by the former CEO of Ørsted Onshore, has hired Neil O’Donovan as president and COO.
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Evergrow has completed the funding of a clean energy tax credit transfer on its platform as new players emerge in the tax equity space.
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Greenbacker Capital Management has hired Rahul Bhalodia as the managing director of the Greenbacker development opportunity (GDEV) strategy. Bhalodia will lead origination, execution, investment management, and capital raising for his group.
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France’s Engie and Spain’s Opdenergy are planning to develop wind and solar projects in Chile.
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Californian energy producer, Aera Energy, is preparing first large-scale carbon capture and storage project (CCS) – CarbonFrontier.
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Energy provider Southern Company has partnered with aluminum business Novelis to decarbonize its operations – including the construction of two onsite 80MW solar farms.
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PJM Solar developer Geenex Solar has appointed Emily Williams as chief executive, succeeding Georg Veit, who will become the company's chairman.
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Leeward Renewable Energy (LRE) has begun the construction of two projects, GSG Wind and White Wing Ranch Solar, as well as reaching commercial operations for Big Plain Solar.
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French renewable company Voltalia has agreed to sell a 420MW solar project in Brazil to Newave Energia for an undisclosed amount.
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National Renewable Solutions (NRS) has hired Bill Whitlock to take over as chief executive as Patrick Pelstring begins retirement.
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TerraWatt Infrastructure, an EV charging station developer, has purchased two heavy-duty EV charging sites across inland Southern California, an area known as the Inland Empire.
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E-fuel producer HIF Global is planning a $830 million large-scale e-fuel project in Chile.
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Power producer MSU Energy is issuing green bonds for a 137MW portfolio of solar projects the company is developing in Argentina.
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Battery energy storage systems (BESS) M&A activity in the US continues to steadily increase as nationwide transmission upgrades and interconnectivity queues grow – with deals for the relatively new technology now in the billions of dollars.
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North Carolina, the Commonwealth of Virginia, Maryland and Delaware have started a workforce to further offshore wind development.
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Independent power producer Silicon Ranch and its partners – a community-focused renewable energy company and Sulphur Springs Valley Electric Cooperative (SSVEC) – have brought online the McNeal solar-plus-storage project.
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El Paso Electric Company (EPE) has issued a request for proposals (RFP) to obtain 150GWh worth of renewable energy resources for New Mexico customers by 2027.
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California Governor Gavin Newsom has signed into law SB605, a unanimously passed bill that allows the California Energy Commission to study the potential for wave and tidal energy development, including overseeing several pilot projects.
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EDF Renewables has pulled the plug on the development of a 50MW solar project in Colombia, due to delays in permitting and environmental licenses from local entities.
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LG Energy Solution, an EV battery manufacturer, and Toyota North America have signed a long-term battery supply agreement. LG Energy will supply Toyota with 20GWh of NCMA batteries per year for Toyota to power its battery electric vehicles (BEVs).
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Private equity firm Grey Rock Investment Partners has made a controlling investment in carbon capture and sequestration company CarbonCycle.
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Electric Hydrogen (EH2) has completed a $380 million series C financing to accelerate the company's manufacturing and deployment of its green hydrogen system.
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Global infrastructure investment manager Wren House has appointed Anne McEntee as managing director in its New York asset management team.
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French utility EDF Renewables is planning a 144MW wind project in the region of Bío Bío in Chile.
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Brazil’s Petrobras and mining company Vale are partnering to develop low-carbon solutions including sustainable fuel opportunities.
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Industrials company Lafarge Canada and ATCO's subsidiary Canada Utilities have signed a 12.5-year solar virtual power purchase agreement (VPPA) to supply Lafarge's Exshaw cement plant with 79.9GWh — 34% of the plant's power — of renewable energy.
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Duke Energy has closed on the sale of its entire distributed generation (DG) portfolio, including the operating assets, development pipeline and O&M portfolio of REC Solar, to Arclight.
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Dominion Energy is set to add 772MW of solar generation in Virginia through six Dominion-owned or acquired solar farms and 13 power purchase agreements (PPAs) with independently owned projects.
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Renewables developer Advanced Power has sold its Oriana Solar project to Sabanci Renewables, a subsidiary of Sabanci Holdings.
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