Renewables
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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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Power generation company Engie Energía Chile has issued $500 million in green bonds on international markets.
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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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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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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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International capital is heading to US renewables at what many in the space are calling “record breaking” pace.
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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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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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Renewable energy and decarbonisation platform Origis Energy has promoted Vikas Anand to chief executive.
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Clean power developer Leeward Renewable Energy (LRE) has appointed Nate Graham as chief technology officer.
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Latin American asset manager Patria Investments is launching an energy trading and commercialisation platform in Brazil.
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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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Renewable developer Genneia has inked a power purchase agreement (PPA) with Shell in Argentina.
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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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Renewable developer Serena Energia (formerly Omega Energia) is planning a secondary share offering in Brazil.
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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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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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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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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 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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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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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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The power generation arm of YPF, YPF Luz, is planning to issue up to $60 million in bonds in Argentina.
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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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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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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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Argentine renewable developer Genneia has inked a renewables power purchase agreement (PPA) with agribusiness company Bunge.
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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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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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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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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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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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Infrastructure investment manager Homecoming Capital has hired former AB CarVal investor Shaya Greenberger as vice president.
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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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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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Power company Grupo Energisa has launched a R$2 billion ($405 million) share offering in Brazil.
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Renewable developer Atlas Renewable Energy has appointed Iván Jara Carrasco chief operating officer (COO).
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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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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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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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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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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), will privately offer $100 million in aggregate principal of 8% green senior unsecured notes.
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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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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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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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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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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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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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Global investment bank Houlihan Lokey has hired former RBC executive Rob Kordas as managing director of its industrials group.
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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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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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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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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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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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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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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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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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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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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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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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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 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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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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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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KKR-backed investment firm BlackGold Capital Management has closed a deal for US-based energy infrastructure lender Northbase Finance.
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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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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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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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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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EnfraGen has completed the acquisition of six renewable projects in Central America, with a combined capacity of 188MW, from Celsia.
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Cubico Sustainable Investments has appointed Andrew Coffield as head of legal, US.
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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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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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Norway’s Equinor has concluded the acquisition of renewables company Rio Energy from investment firm Denham Capital in Brazil.
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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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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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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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FirstEnergy issued a request for proposal (RFP) to purchase Ohio-compliant renewable energy credits (RECs).
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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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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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Skyline Renewables has hired Todd Wynn as chief executive, replacing interim CEO Tim Menzie.
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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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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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Brazil’s Petrobras and mining company Vale are partnering to develop low-carbon solutions including sustainable fuel opportunities.
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Atlas Renewable Energy has promoted Luis Pita as chief commercial officer, based out of Miami.
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Supply chain disruptions continue to impact projects across the spectrum of renewable technologies in the US and a domestic solution is not readily available despite efforts put in place like the Inflation Reduction Act (IRA).
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The circa $20 billion annual tax equity stranglehold a small number of banks had on the market is over now that the Inflation Reduction Act (IRA) has introduced transferability, according to one financial advisor at REFF Wall Street 2023.
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Distributed energy company Correlate Energy has appointed Johan Themaat as the vice president of finance.
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Finnish investor Korkia is partnering with Chilean developer Ciudad Luz to develop renewable projects in Chile.
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Casa dos Ventos Holding, Petrobras and TotalEnergies have signed a memorandum of understanding (MoU) that will see the trio collaborate on renewables in Brazil.
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