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