Wind
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Investment and asset management firm Exus Management Partners has hired former Crédit Agricole CIB director as head of project finance for North America.
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Atlantic Shores and Dominion Energy are facing lawsuits from several non-profit organizations, which claim the companies' offshore wind projects violate environmental protection laws.
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Former Ørsted executives have merged their independent development companies, Cold Water Renewables and Greenbelt Renewable Energy, to create a utility-scale wind, solar, and storage company.
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Telecom Argentina has signed 2 power purchase agreements (PPA) to supply its operations and Pacheco datacenter with renewable power.
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Renewables developer Auren Energia has raised R$400 million ($79m) to refinance assets in Brazil.
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Brookfield portfolio company Scout Clean Energy has closed a $100 million equipment supply loan with Rabobank for its pipeline 2.2GW of late stage of wind, solar, and energy storage projects.
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Renewables operator ERG has closed on its acquisition of a 75% stake in a 317MW solar and wind portfolio with Apex Clean Energy.
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Brazilian developer 2W Ecobank has reached financial close on phase 2 of its Kairos wind project located in the state of Ceará.
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AES Brasil has raised R$900 million ($176m) in debentures for projects belonging to the company’s Cajuína wind complex.
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The Bureau of Ocean Energy Management (BOEM) has released 2 proposed sales for 18GW of offshore wind energy areas off the coast of Oregon and the Gulf of Maine.
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Norwegian power company Statkraft will invest R$926 million ($178m) to transform 2 wind projects into hybrid complexes.
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The New Jersey Board of Utilities (NJBPU) has opened the application process for its fourth offshore wind solicitation, targeting up to 4GW.
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The New York State Energy Research Development Authority (NYSERDA) has awarded conditional agreements to utility-scale onshore renewables projects totalling 2.4GW.
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The Nordex Group and has appointed Manav Sharma as chief executive, North America to lead the wind turbine maker’s expansion in the US.
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Petrobras has signed a memorandum of understanding (MoU) with the government of the state of Rio Grande do Norte in Brazil for offshore wind generation.
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Construction and development firm Skanska has been awarded an $861 million contract to develop an offshore wind port at the South Brooklyn Marine Terminal (SBMT).
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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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YPF Energía Eléctrica (YPF Luz) is planning to develop the company’s fifth wind project in Argentina.
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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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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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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 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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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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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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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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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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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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Consumers Energy – Michigan’s largest power provider – has entered an agreement to provide electricity to 44 Walmart stores in the State.
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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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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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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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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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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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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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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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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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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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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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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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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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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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Chilean developer Viento Verde is planning to expand an existing wind project that was approved in 2015.
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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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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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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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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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King & Spalding has hired an energy-focused tax partner for its New York-based corporate practice group.
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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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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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Spanish renewable developer Solarpack has appointed José Luis García Pérez as chief executive for Latin America, based in Santiago, Chile.
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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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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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Renewables developer Genneia is planning to issue green bonds for a duo of solar and wind projects in Argentina.
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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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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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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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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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Renewables developer Casa dos Ventos has contracted an offtaker for the operational Rio do Vento wind complex in Brazil.
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Portland General Electric (PGE) has called for bids on clean dispatchable capacity via an all-source request for proposal (RFP).
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Renewables company BrightNight has made 2 senior-level appointments to its asset management and construction teams.
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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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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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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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Spanish renewable developer Grenergy is offloading 174MW of wind and solar assets the company owns in Peru.
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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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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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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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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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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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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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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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Chilean utility Colbún is planning to add a 360MW wind project to its development pipeline in Chile.
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Updated to include:
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Chile’s Inversiones Latin America Power (ILAP) has successfully completed its Chapter 11 restructuring process.
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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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Argentine renewables developer Hychico has submitted a wind project for environmental review in Chile.
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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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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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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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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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Investment firm Fibra Orión has acquired a wind project located in Mexico, marking the firm’s first energy investment.
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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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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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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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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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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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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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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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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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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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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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YPF Luz has signed a power purchase agreement (PPA) to supply renewable energy from its latest wind project in Argentina.
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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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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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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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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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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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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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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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London-based electricity generation company ContourGlobal has agreed to offload a portfolio of wind farms in Brazil.
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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 former chief executive of FirstLight Power, Alicia Barton, will join Vineyard Offshore as chief executive on January 1, 2024.
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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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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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Boston-based Álvaro Ortega has joined innovative floating offshore wind (FLOW) company Gazelle Wind Power as chief financial officer.
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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 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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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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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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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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New York will release requests for proposals (RFPs) for offshore wind and onshore renewable energy projects on November 30, 2023.
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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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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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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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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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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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Austin, Texas-based developer Cielo Wind has landed approval for a wind project the company is working on in Chile.
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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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French energy company Engie is issuing R$2.5 billion ($507 million) in debentures to refinance assets 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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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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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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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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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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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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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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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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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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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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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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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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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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Oil and gas company Petroquímica Comodoro Rivadavia (PCR) has brought online a trio of wind farms in Argentina.
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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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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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Rhode Island Energy has issued a request for proposal (RFP) for an additional 1.2GW of offshore wind power.
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Braya Renewable Fuels has named former Delek executive, Todd O'Malley, as chief executive.
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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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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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National Renewable Solutions (NRS) has hired Bill Whitlock to take over as chief executive as Patrick Pelstring begins retirement.
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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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French utility EDF Renewables is planning a 144MW wind project in the region of Bío Bío in Chile.
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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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AES Brasil has started commercial operations of its Tucano wind farm located in the state of Bahia.
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Massachusetts, Connecticut, and Rhode Island have entered into an offshore wind partnership to solicit larger wind farms with the goal of curbing prices. The states had previously scheduled individual solicitations for January 2024 but will now run a 6GW offshore wind energy tender together.
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Brazilian renewables developer Omega Energia has signed a bidding share exchange agreement with EDF Renewables to swap stakes in renewable assets they co-own.
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Iberdrola-subsidiary Avangrid has terminated its 20-year power purchase agreements (PPA) with Connecticut utilities, Eversource Energy, and United Illuminating, for its proposed 804MW Park City Wind offshore generation project.
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The Asian Infrastructure Investment Bank (AIIB) has agreed to finance a wind project in the province of Tierra del Fuego, Argentina.
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Peninsula Clean Energy has signed a 15-year agreement with the SunZia Wind farm, Pattern Energy’s largest renewable energy procurement project contract to date.
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Iberdrola-owned Avangrid has reached a transfer tax credit agreement for over $100 million of 2023 production tax credits (PTCs) with oil and power multinational Vitol, one of the first transferable credit agreements created by the Inflation Reduction Act.
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Engie Energía Chile has received the greenlight to proceed with a $645 million wind and storage project in Chile.
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Ørsted has begun operations on its 13th US wind farm, Sunflower Wind, which is a 200MW wind project located in Marion County, Kansas. The Danish energy giant now operates 832MW of wind energy in the Southwest Power Pool.
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Cubico Sustainable Investments has acquired a trio of operational renewable projects totaling 121MW in Uruguay.
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Renewables developer Casa dos Ventos has received financing for a pair of wind farms the company operates in Brazil.
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Equinor has hired former operations and maintenance executive at Vestas Wind Systems, Samuel Byrne.
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Gibson Energy has entered a 15-year power purchase agreement with Capstone Infrastructure and Sawridge First Nations to take power from the Buffalo Atlee 2 and 4 wind farms.
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The exhaustive push to deploy the 468MW Cape Wind project off the coast of Massachusetts came to a halt in early January 2015. Power purchase agreements (PPAs) fell through; banks fell away (PFR, 1/7/15). The $1.95 billion deal, the first offshore wind farm to be fully permitted by the BOEM, died after 14 years.
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Petrobras is planning to develop 23GW of offshore wind projects along the Brazilian coastline.
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UK-based energy producer Sonnedix is planning a wind project in the region of Coquimbo, Chile.
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Ocean Winds has signed a memorandum of understanding (MoU) with transportation and energy conglomerate Prumo Logística to collaborate on offshore wind generation in Brazil.
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Ørsted has completed its $625 million all-cash purchase of Eversource Energy's share in 175,000 acres of an offshore lease area that covers three ongoing offshore wind projects, becoming the sole owner of the land.
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EDF Renewables has started construction on the company’s third wind farm in the state of Bahia.
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Renewable energy company RWE Clean Energy has commenced construction on its 200MW Montgomery Ranch Wind Farm in Foard County, Texas.
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The offshore wind troubles continue as Danish firm Ørsted has delayed its first US offshore wind project, Ocean Wind I, until 2026. Additionally, oil giants Equinor and BP are seeking to increase the power price of all three of the US wind farms in their partnership by over 50%.
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AES Brasil has signed a power purchase agreement (PPA) to supply Microsoft. Under the 15-year agreement, the energy company will supply renewable output from the Cajuína wind complex to the tech company starting July 2024.
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SouthCoast Wind, formerly known as Mayflower Winds, has terminated its power purchase agreements (PPAs) with Massachusetts utilities Eversource, Unitil, and National Grid for its offshore wind farm off the coast of Massachusetts.
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EDF Renewables has started commercial operations of Phase 1 of its Serra do Seridó wind farm in Brazil.
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The Bureau of Ocean Energy Management (BOEM) closed its first-ever offshore wind energy auction in the Gulf of Mexico with only one lease awarded: RWE Offshore US Gulf won with a bid of $5.6 million for a 1.24GW project.
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Norway’s Statkraft Energías Renováveis has agreed to purchase a duo of operational wind farms totaling 260MW in Brazil.
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Apex Clean Energy has signed its first power purchase agreement (PPA) with Google for the full 189 MW capacity of the Timbermill Wind project to be sited in North Carolina.
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The Bureau of Ocean Energy Management (BOEM) has approved the fourth US commercial-scale, offshore wind project, Revolution Wind, a 704MW offshore wind farm located southeast of Point Judith, Rhode Island.
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Enel Green Power has started commercial operations on a utility-scale wind project in Chile.
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The Massachusetts Department of Public Utilities (DPU) approved the Eversource PPA termination for Avangrid Renewable's Commonwealth Wind project and revealed the final rules for the state's offshore wind procurement.
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Morgan Stanley Investment Management (MSIM), through Morgan Stanley Infrastructure Partners (MSIP), has entered a joint venture with US maritime and logistics company Crowley to repurpose US port facilities with offshore wind developers.
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Celsia has agreed to acquire a wind project in Peru, marking the company’s entry in the Peruvian renewable market.
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Pampa Energía has completed swapping one of the company’s wind farms for stakes in an oil and gas concession.
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American Electric Power (AEP) has completed the sale of its 1,365MW unregulated and contracted renewables business to IRG Acquisition Holdings, a consortium owned by Invenergy, CDPQ, and funds managed by Blackstone Infrastructure.
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On-site industrial energy developer One Energy and SPAC, Tortoise Acquisition Corp. III (TRTL), have entered into a merger agreement to become the publicly listed company One Power Co. The new firm has an enterprise value of $300 million, with common stock valued at $10 per share.
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Clean energy platform Peregrine Energy Solutions has signed an agreement with environment-focused investment firm Greenprint Capital to sell multi-year production tax credits (PTC) from the Old Gold Energy Center.
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Engie Energía Chile has submitted the Loma Verde wind project for environmental review in Chile for a second time.
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GE Vernova’s Grid Solutions will install a connection bay at the Santa Luzia substation as part of its contract with Brazilian renewable energy company Casa dos Ventos.
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Three joint ventures (JV) for New Jersey's third offshore wind solicitations have been identified.
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The environmental protection agency of Rio Grande do Sul in Brazil, FEPAM, has issued a preliminary license for a 643.5MW wind project.
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Domestic steel producer Steel Dynamics has signed a Renewable Product Purchase Agreement (RPPA) with a NextEra Resources subsidiary for its 308MW wind farm in Scurry County, Texas.
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The Bureau of Ocean Management (BOEM) has finalized the Wind Energy Areas (WEAs) for its Central Atlantic offshore wind auction. The three areas are located off Delaware, Maryland, and Virginia, and can support approximately 4GW to 8GW of energy production once completed.
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Desjardins Group Pension Plan and DGAM Global Private Infrastructure Fund II have together acquired 37.5% ofCanadian wind farms Cypress 1 & 2 from EDF Renewables.
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Iberdrola-owned Avangrid has completed its offshore substation for the 800MW Vineyard 1 wind project, off the coast of Massachusetts.
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Omega Energia and EDF have signed a memorandum of understanding (MoU) to exchange interests in renewable assets they co-owned in Brazil.
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The Department of the Interior will hold an auction in August (2023) for the first-ever offshore wind energy lease in the Gulf of Mexico. The areas will have the potential to generate 3.7GW of power.
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Rhode Island Energy has dropped its long-term power purchase agreement (PPA) with Ørsted and Eversource for the developers’ joint proposal of offshore project Revolution Wind 2.
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Innergex Renewable Energy has secured a $534 million construction loan and term financing and $49 million letter of credit facility for its 329.8MW Boswell Springs wind project in Wyoming.
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EverWind Fuels, Canada-based green hydrogen producer, has acquired three wind farm developments totaling 530MW to power green hydrogen and ammonia projects.
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Alaska Renewables, a start-up developer, is negotiating with the Alaska Mental Health Trust to develop a 235MW wind farm on trust land.
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Pattern Energy has completed construction and begun operation at its 150MW Lanfine Wind power project in Alberta, Canada.
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RWE has announced Amanda Lefton, former tenured director of the Department of Interior’s Bureau of Ocean Energy Management (BOEM), as the vice president of development, East, a position that will see Lefton in the driver’s seat of RWE’s offshore development on the east coast of the US.
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Invenergy, a Chicago-based green energy developer, has signed a 15-year PPA with Puget Sound Energy (PSE), the largest utility in Washington State.
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Spanish infrastructure firm ACS has signed a concession for the construction of the largest wind project in Ecuador.
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Electric-electronic equipment manufacturer WEG has signed a pair of power purchase agreements (PPA) in Brazil.
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New Jersey Governor Phil Murphy signed a bill that will expand federal tax credits to Ørsted, the Danish energy giant building the largest offshore wind project in the US along the coast of New Jersey.
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YPF Luz has signed a power purchase agreement (PPA) to supply renewable energy to a fertilizer producer.
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American Electric Power company Southwestern Electric Power Co. (SWEPCO) has received approval from the Louisiana Public Service Commission (LPSC) to proceed with its fuel-free initiative to acquire 999MW of renewable generation resources.
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Financial details have emerged on Macquarie’s Green Investment Group (GIG) and Hydro Rein’s 456MW Feijão Wind Farm – part of a 586MW combined wind and solar project in northeastern Brazil.
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PPG has entered an agreement with NRG Energy’s brand Direct Energy that will sell renewable energy certificates (RECs) generated by the Crockett County wind facility to four of PPG paints and coatings manufacturing facilities and 62 PPG PAINTS stores in Texas.
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Pampa Energia is parting with one of the company’s wind farms in Argentina for stakes in an oil and gas concession.
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Engie Energía Chile is planning a $230 million wind project in the region of Biobío.
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Canada-based EverWind Fuels Company is supportive of Nova Scotia's recently published Offshore Wind Roadmap and the province's efforts to become a global leader in renewable energy.
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Omega Energia has signed a power purchase agreement (PPA) with the White Martins group, an industrial gas manufacturer in Brazil.
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Itaú Unibanco has acquired interests in the Serra do Assuruá wind complex developed by Engie Brasil Energia.
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The US International Development Finance Corporation (DFC) is interested in providing financing for Solarpack’s 200MW El Aromo solar farm in Manabí, Ecuador.
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Spanish infrastructure firm ACS is expected to reach FC on a wind project in Ecuador before the end of 2023, according to a source familiar with the matter.
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Canadian-based power producer Codelio Power has secured construction loan financing and tax equity for its 171MW Moraine Sands wind project in Mason County, Illinois.
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Ørsted has agreed to acquire Eversource Energy’s 50% interest in the uncontracted federal offshore wind lease, jointly owned by the 2 companies, for $625 million.
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Danish wind turbine manufacturer Vestas Wind Systems has secured a 72MW wind project supply order with an undisclosed customer in Argentina.
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Latin America Power is planning a 73MW expansion to the company’s San Juan wind project in Chile.
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Scout Clean Energy and Elawan Energy’s joint venture has finalized the sale of its 199MW Persimmon Creek wind farm in western Oklahoma to utility company Evergy for $250 million.
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AES Andes has received environmental approval to develop a massive hybrid complex in Chile after submitting the project almost three years ago.
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Renewable developer Omega Energia has landed R$415.32 million ($83.6 million) for a wind complex the company is developing in Brazil.
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Pattern Energy has signed a power purchase agreement (PPA) with both Shell Energy North America and all Regents of the University of California for part of the energy generated from its SunZia Wind Project.
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Sequitur Renewables purchased an operating wind farm in the Almont Pass area of California on May 16.
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Parque Eolico Arauco (PEA) is partnering with IMPSA on a solar project in the province of La Rioja in Argentina.
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YPF Luz has signed a memorandum of understanding (MoU) with Cementos Avellaneda to jointly develop a wind project in Argentina.
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AES Brasil has entered a power purchase agreement with an undisclosed offtaker for one of the company’s wind farms.
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Copenhagen Infrastructure Partners (CIP) has sold 2 wind farms in Texas to Canadian energy infrastructure company TC Energy.
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Pampa Energía is planning to issue green bonds to finance the construction of a wind project the company is developing in Argentina.
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Pan American Energy (PAE) has signed power purchase agreements for the output of the company’s first project in Brazil.
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Luxembourg steel and mining firm ArcelorMittal’s Brazilian subsidiary will form a JV with Casa dos Ventos, one of Brazil’s largest renewables developers.
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Allete Clean Energy has closed its sale of the 91.6MW Red Barn wind project in Grant County to WEC Energy Group utility, Wisconsin Public Service (WPS), and Madison Gas and Electric Co (MGE).
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Offshore wind in Latin America is generating conversation, if not power, as its governments attempt to meet ambitious energy transition goals. According to the World Bank, the region holds 8,000GW of potential technical capacity, with Brazil, Colombia, Chile and Mexico offering some of the best resources for implementation.
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Iberdrola has agreed to sell more than 8.5GW of assets it operates in Mexico, in a transaction valued at around $6 billion.
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Brazilian developer Casa dos Ventos has landed a loan from BNDES to support the construction of the Umari wind complex.
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Danish wind turbine manufacturer Vestas will supply turbines to the 162MW La Eltiba wind farm in the province of Buenos Aires in Argentina, owned by local renewable energy producer Genneia.
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RWE has signed a Memorandum of Understanding (MoU) with Entergy to jointly evaluate the delivery of clean energy from offshore wind to industrial customers in Texas and Louisiana.
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Casa dos Ventos has signed a power purchase agreement with Brazilian petrochemical company Braskem.
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Danish wind turbine manufacturer Vestas has signed an agreement with Brazilian developer Casa dos Ventos to supply wind turbines to two mega wind farms.
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The governments of Canada, Nova Scotia, and Newfoundland and Labrador have begun regional assessments for offshore wind development.
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Enel, through its business Enel Trading, has signed a power purchase agreement with gold mining company Equinox Gold in Brazil.
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Engie has received the greenlight to turn on the first unit of its Santo Agostinho wind project in Brazil.
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Chinese wind turbine manufacturer Xinjiang Goldwind Science & Tech will invest R$150 million ($29m) to create a production base in Brazil’s Bahia state.
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Two organizations have joined forces to collaborate on advancing the development and deployment of projects in the rapidly scaling North American offshore wind industry.
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ACEN, the listed energy platform of the Ayala group, has signed a purchase and sale agreement with GlidePath to acquire a portfolio of eight operating wind projects totaling 136MW in northern Texas.
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Public utility Hydro-Québec has selected three EDF Renewables North America wind projects for wind energy supply contracts under two calls for tenders launched in December 2021.
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Danish wind turbine manufacturer Vestas has signed two turbine supply contracts with utilities in Argentina and the US for a total capacity of 151MW.
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Norwegian oil & gas group Equinor and Brazilian state-run oil & gas firm Petrobras have announced a collaborative initiative to study the potential for over 14GW of offshore wind projects in Brazil.
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Data center provider Odata has acquired a minority stake in a wind project in Brazil for an undisclosed amount.
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Grupo Ibereólica has received environmental approval to develop a massive wind project after waiting for more than two years.
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AES Andes is planning to develop and build a hybrid project, the company's first in Chile.
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The Bureau of Ocean Energy Management (BOEM) has taken its next step toward its wind energy auction in the Gulf of Mexico.
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Power generation company Genneia has secured financing for three renewable projects it is developing in Argentina.
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French-based renewables producer Total Eren will construct its first project in Honduras, a 122MW wind farm.
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Spanish joint venture partners Repsol and Ibereolica Renovables have officially turned on their 165.3MW Atacama wind farm.
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Omega Energia has signed a power purchase agreement for one of the company’s wind projects in Brazil.
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Argentine energy company Pampa Energía is adding a new wind project to its development pipeline.
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Brazil's EDP Renewables' (EDPR) 580MW wind farm complex in Rio Grande do Norte state has been inaugurated.
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YPF Energia Electrica is set to issue bonds to finance a new solar project the company is developing in Argentina.
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Genneia is issuing green bonds for up to $80 million to finance a pair of renewable projects the company is developing in Argentina.
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YPF’s power generation arm YPF Luz is set to start construction on the company’s fourth wind project in Argentina.
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EDP Renováveis has concluded the sale of two operating wind farms in Brazil.
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The deadline to submit bids for New York’s third competitive offshore wind solicitation passed on 26 January, with Ørsted and BP among the bidders.
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North American alternative investment manager Fengate Asset Management has reached financial close on the 160MW Prairie Switch Wind project near Houston.
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Ørsted has signed an agreement to acquire Public Service Enterprise Group’s (PSEG) 25% equity stake in Ocean Wind 1, a 1.1GW offshore wind energy project.
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An evergreen renewable energy platform with a global strategy has launched with news of its first acquisition – a construction-ready wind farm in Canada – and a keystone investor.
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EDP Renováveis (EDPR) has secured financing to support the construction of 2 wind farms that the company is developing in Brazil.
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Brazilian development bank BNDES has agreed to finance the development of 1.5GW of renewable energy in Brazil.
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SPIC Brasil has landed financing for 3 wind projects the energy generation company is planning in the country.
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Engie Energía Chile has completed the acquisition of a portfolio of wind projects.
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Oil and gas groups Eletrobras and Shell have signed an agreement to cooperate on offshore wind generation in Brazil.
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German wind turbine manufacturer Nordex has been contracted to equip a 94.4MW wind farm owned by construction firm TODA in Brazil's Rio Grande do Norte state.
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Brazilian developer Casa dos Ventos has inked a power purchase agreement to supply Vestas with renewable energy.
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A major regulatory milestone for Dominion Energy’s 2.6GW offshore wind project off coastal Virginia was reached on December 12 (2022) as the power giant eyes construction in 2024.
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Pampa Energía has acquired a state-owned wind project located in the province of La Rioja in Argentina.
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Brazil’s competition regulator (CADE) has approved a deal between pharmaceutical company Eurofarma Laboratórios and energy firm Omega Energia 4 related to the 211.5MW Assuruá 4 wind project.
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The provisional winning bids for the first offshore wind auction held on the US’ west coast totaled more than $700 million on December 7.
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Electric vehicle (EV) maker Rivian Automotive has signed a PPA with Apex Clean Energy for 50MW of renewable electricity from the proposed Goose Creek Wind farm in Piatt County, Illinois.
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Bleutec Industries – builder, owner and operator of offshore wind turbine installation vessels – has secured a capital commitment from private equity firm EnCap Investments.
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AES Brasil, and its subsidiary AES Operações, have completed the acquisition of a trio of wind farms totaling 460MW.
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Enel Green Power Chile has commenced construction on the 105.6MW La Cabana Wind Farm which includes a 34.3MW energy storage system using lithium batteries.
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Nova Scotia-based financial advisory firm Northgreen Capital has appointed Philip Bassil as managing director and head of global offshore wind M&A.
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Vestas has received a 178MW order to power an undisclosed wind project in the US.
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Brazilian renewable developer Casa dos Ventos has inked a power purchase agreement (PPA) with a fertilizer producer in Brazil.
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Engie Energía Chile is planning to develop a new utility-scale wind project in the Antofagasta region.
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France’s TotalEnergies has agreed to develop a wind project off the coast of the state of Rio de Janeiro in Brazil.
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Pattern Energy has received key approvals that will allow the construction of the SunZia transmission project and the SunZia wind projects next year (2023).
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Francis Slingsby has been appointed chief executive of Mayflower Wind – a JV between Shell New Energies US and Ocean Winds North America.
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ClearGen, a clean energy investor backed by private equity powerhouse Blackstone, has invested in a portfolio of partnership interests in 25 wind farms totaling 1.4GW of existing generation capacity throughout the US.
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Argentine developer Genneia is issuing local green bonds to finance solar and wind projects the company is developing in the country.
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Steel producer Ternium has acquired a greenfield wind project in Argentina.
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North American alternative investment manager Fengate Asset Management has acquired the Prairie Switch Wind Project in Texas from Triple Oak Power and signed a PPA with Meta Platforms.
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Brazil's Cemig Geração e Transmissão (Cemig GT) has attracted interest from projects totaling 7GW in installed capacity for its upcoming power auction.
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Energy company Allete has agreed to sell a more than 100MW wind project in Wisconsin to a pair of publicly owned utilities.
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Swift Current Energy has secured project financing for an almost 200MW wind project the company is developing in Texas.
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Eolica Coromuel – a Eurus Energy America Corporation subsidiary – has started commercial operation of Baja California Sur’s first wind generating facility.
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The Bureau of Ocean Energy Management (BOEM) has designated 2 Wind Energy Areas (WEA) ahead of the leasing process later this year or early next year.
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Boralex has agreed to acquire a 50% stake in a pair of wind projects in New Mexico, totaling almost 300MW, from EDF Renewables.
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Brazilian renewable developer Casa dos Ventos has landed financing for a portfolio of wind farms in the state of Bahia.
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PPL Corporation, the Pennsylvania-headquartered transmission and distribution company, and Belgian transmission operator Elia Group have agreed to develop innovative transmission solutions to integrate future offshore wind capacity with the onshore grid in the New England region.
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The energy company Invenergy has secured a deal to sell a pair of wind projects in Texas and Oklahoma, totaling almost 800MW in generation, to a utility company.
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Brazilian electric utility Copel, through its subsidiary Copel Geração e Transmissão (Copel GeT), has started commercial operations of its Jandaíra wind complex.
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International renewable energy producer Sonnedix has acquired a 290MW solar and wind platform in Chile – the most recent of many purchases made in the country.
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Engie Energía Chile has submitted a new wind project that the company is planning to develop for environmental review.
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Molly Morris will succeed Siri Espedal Kindem as the new president of Equinor Wind US, effective 1 January 2023.
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Rhode Island Energy has issues the RFP to solicit an additional 600-1,000MW of offshore wind to boost the state’s energy needs.
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Brookfield Renewable has agreed to partner with InterEnergy Group to develop renewable energy across Latin America.
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Engie has received environmental approval for the expansion of a wind project the company is planning in Chile.
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Clearway Energy Group has signed a fresh set of power purchase agreements (PPAs) with PacifiCorp, a subsidiary of Berkshire Hathaway.
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2W Energia has won a contract to supply Banco do Estado do Rio Grande do Sul (Banrisul) with clean energy.
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Editor's Note: This article has been amended since publication to include a statement given by Guzman Energy that was issued after press time.
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Enel Green Power has withdrawn the Faro del Sur wind project the company is developing in Chile from environmental review.
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Electric utility Copel, through its subsidiary Copel Geração e Transmissão, is set to acquire a pair of wind farms in Brazil.
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EDP Renewables North America (EDPR) has commenced the construction of its 202MW Indiana Crossroads II Wind Farm in White County, Indiana.
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Canadian Utilities has agreed to acquire a Canada-based renewables portfolio from Suncor Energy for $730 million.
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German renewables developer Energy Kitchen has received the greenlight to proceed with a duo of wind projects the company is planning in Chile.
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InfraRed Capital Partners has entered into an agreement to purchase stakes in four wind projects in the US and Canada from Canadian outfit Algonquin Utilities & Power Corp.
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Engie Energía Chile has agreed a deal to acquire an operational wind project in Chile.
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Engie Brasil Energia has hired Vestas for the initial supply, installation, operation and maintenance on parts of Latin America’s largest wind project.
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Neoenergia is the latest company to subscribe to the green hydrogen agenda of the Brazilian state of Rio de Janeiro.
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The renewables platform of Brookfield Asset Management has splurged on the US renewable energy market with the addition of 2 new renewable platforms to its portfolio.
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Japanese conglomerate ORIX Corporation has invested in a 150MW Texan wind power farm via its US Strategic Solutions group – following up last year’s foray into US wind energy.
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Berkshire Hathaway Energy (BHE) has agreed a deal to purchase an almost 400MW portfolio of wind projects in Montana from an affiliate of Morgan Stanley.
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Petroquímica Comodoro Rivadavia’s renewable business, Luz de Tres Picos, plans a bond issuance to finance a pair of Argentinian wind farms the company is developing.
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The Canadian province of Nova Scotia has set a goal of reaching 5 GW of offshore wind generation by 2030, outlining plans for an offshore leasing process.
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Engie North America has signed an agreement with a home appliances company to sell 53 MW of wind generation.
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Oil and gas company BP Energy has struck a deal to purchase the remaining 50% stake of a 470 MW wind project in Kansas that the company co-owns with American Electric Power (AEP).
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Greenbacker Renewable Energy Co has purchased a 54 MW wind project in Illinois from a national renewable energy project developer.
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Brazil’s National Electric Energy Agency (ANEEL) has approved the results of the A-4 New Energy auction held in May.
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Slate Asset Management has entered into a strategic partnership with a Canadian renewables developer through the purchase of a minority stake in the platform.
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A Chilean sponsor is planning a 95.2 MW wind project in the region of Ñuble.
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Argentina’s Petroquímica Comodoro Rivadavia (PCR) is expanding a wind project the company is developing with steel manufacturer ArcelorMittal Acindar.
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EDF Renewables has inked a memorandum of understanding (MoU) with Prumo Logística, a transportation and energy conglomerate in Brazil.
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Neoenergia has signed a memorandum of understanding (MoU) with the state government of Rio Grande do Sul in Brazil for the development of green hydrogen and offshore wind.
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Cordelio Power and Tenaska have entered into a joint development agreement which will see the two companies co-originate wind projects in the US and Cordelio purchase 1 GW of renewable generation.
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The Bureau of Ocean Energy and Management (BOEM) has opened the environmental impact statement for an offshore wind project being developed by Orsted North America and Eversource up for public comment.
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Colbún is seeking environmental approval for a 472.5 MW wind project the independent power producer will develop in Chile.
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Clearway Energy Group (CEG) has closed its purchase of a 413 MW portfolio of wind projects from a subsidiary of Edison International Co, having agreed a deal earlier this year.
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Dominion Energy has threatened to withdraw its planned 2.6 GW wind project 27 miles off the coast of Virginia Beach after state regulators set a performance guarantee for the project.
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A regional subsidiary of Eletrobras has begun construction on a wind farm located in the state of Rio Grande do Sul after receiving approval from Brazil’s power regulator ANEEL.
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AES Brasil and Grupo Unipar have completed their joint venture agreement that will see the pair develop a wind project in Brazil.
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KKR & Co has led a structured investment, along with GCM Grosvenor, in a California-based renewables developer.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has issued requests for interest (RFI) and competitive interest (RFCI) for the development of offshore wind in the Gulf of Maine.
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A joint venture between Repsol and Ibereólica has secured a project finance debt raise for the construction and operation of a wind project the platform is developing in northern Chile.
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A subsidiary of the utility Xcel Energy has entered into a revised agreement with Allete’s renewables subsidiary to purchase a repowered wind project totaling 120 MW in Minnesota.
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Enel Green Power Chile has begun commercial operations for the first hybrid renewable project in Chile.
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Canadian renewable power producer Innergex has found an offtaker for a wind farm the company is developing in the state of Wyoming.
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Pampa Energía has acquired the remaining 50% stake in Greenwind, making the company the sole owner of the platform.
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Engie Energía Perú has secured financing from IDB Invest for a wind farm the French renewable company is developing in Peru.
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The State of Michigan has penned an offtake agreement with Consumers Energy that will see the state procure 68 MW of renewable generation for state government buildings.
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Colombian energy distributor Air-e has signed a memorandum of understanding (MoU) with France's EDF Renewables that will see the two companies co-develop wind projects in the country.
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Activate Renewables, a newly-formed renewable energy platform, has purchased a 115 MW portfolio of renewable assets from Ares Management Corp.
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AES Brasil has acquired a trio of wind complexes totaling 456 MW in capacity in Brazil, a transaction valued at R$2.03 billion ($397 million).
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The Virginia State Corporation Commission (SCC) has given its approval for Dominion Energy to construct a 2.6 GW wind project 27 miles off the coast of Virginia Beach.
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Colombia is moving forward with its plans to promote offshore wind energy after releasing the country's roadmap earlier this year.
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Enel Green Power and HIF Energy have submitted a wind project that the duo is developing in Chilean Antarctica for environmental review.
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BASF, a German multinational chemical company, has secured 250 MW of solar and wind generation through virtual power purchase agreements across the US.
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Chile’s National Energy Commission (CNE) has selected winners in the renewable power auction the government launched in February.
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Brazilian developer 2W has secured long-term financing for its Kairós wind complex located in the state of Ceará.
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Sequitur Renewables, an affiliate of ArcLight Capital Partners, has agreed to acquire a 185 MW portfolio of wind projects from GlidePath Power Solutions.
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German renewable developer ABO Wind has sold its Buffalo Plains wind farm located in Alberta, Canada.
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Invenergy has struck a deal with a subsidiary of American Electric Power (AEP) whereby the company will sell a 204 MW wind project it is developing in Illinois.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has identified two potential wind energy areas (WEAs) off the coast of the Gulf of Mexico that it is now taking public comment for.
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Cubico Sustainable Investments has bought two wind projects located in Uruguay from construction company Grupo ACS.
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Atlas Renewable Energy has submitted a wind project located in the region of Maule to Chile’s Environmental Evaluation Service.
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FGE Power, an Austin, Texas-based renewables developer, has agreed to sell a 531 MW wind project in Texas to a Brazilian energy company.
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Brazilian renewables developer 2W Energia has secured an offtaker for the 261 MW Kairós wind complex in Ceará.
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Enel’s Peruvian subsidiary has signed a 12-year PPA with Siderperu, the country’s largest steel manufacturer.
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Argentina’s Pampa Energía has signed a power purchase agreement for one of its wind farms located in the province of Buenos Aires.
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NextEra Energy Resources has inked a power purchase agreement with a US retailer for the output of a 300 MW wind project the sponsor is developing in Texas.
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The governor of Rhode Island has signed a bill into law that will see the state procure up to 1 GW of offshore wind generation.
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Iberdrola subsidiary Neonergia has signed a long-term power purchase agreement with Ambev, a Brazilian brewery.
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Entergy Arkansas has issued a request for proposals for 1 GW of solar and wind generation to help support the state’s power needs.
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Clearway Energy Group (CEG) has agreed to purchase a 413 MW portfolio of wind projects from a subsidiary of the public utility Edison International Co.
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The AES Corporation has purchased a wind project located in Mississippi from Danish manufacturer and developer Vestas.
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LyondellBasell has inked two power purchase agreements, marking the petrochemical company’s first renewable PPAs.
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Elera Renováveis has started construction on its Oeste Seridó wind complex that the company is developing in the state of Rio Grande do Norte.
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Summit Power has agreed to sell the White Creek Wind I project to Excelsior Energy Capital.
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Capstone Infrastructure has secured a renewable attributes purchase agreement for the output of its 192 MW wind project in Alberta, Canada.
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Engie has completed its acquisition of an 882 MW portfolio of development-stage wind assets in Brazil.
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Miami-based developer Atlas Renewable Energy has submitted the Los Alpes wind project, located in the Araucanía region, to Chile’s Environmental Evaluation Service.
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AES Dominicana, a subsidiary of AES Corp, has acquired a wind project in the Dominican Republic from Inkia Energy.
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Brazilian renewable developer Lisarb Energy has launched an offshore wind joint-venture with UK financial advisory firm Prosperity Energy.
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Atlas Renewable Energy has acquired a wind project from French energy producer Voltalia, the developer's first wind project in Brazil.
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Ocean Winds (OW), the offshore wind joint-venture between EDPR and Engie, is expanding its activities in Brazil through the outfit's new subsidiary OW Brasil.
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Corio Generation is eyeing more than 5 GW in wind capacity off the coast of Brazil, marking the company’s first offshore wind development in the Americas.
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Brazilian renewable developer Omega Energia has inked a power purchase agreement with food producer M. Dias Branco.
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Innergex has closed its acquisition of Aela Energía, adding 332 MW of wind capacity to the Canadian developer’s renewables portfolio in Chile.
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ReVolve Renewable Power has signed land option agreements with private landowners in Mexico to develop a wind project.
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EDF Renewable Brasil has inked a letter of intent with the state of Paraíba to expand its Serra do Seridó wind complex.
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Enel Peru has started construction of the Wayra expansion project, making the Wayra complex the largest wind project in Peru.
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FDNE, a fund managed by the Superintendency for the Development of the Northeast (Sudene), is disbursing a R$698 million ($146 million) loan to finance wind projects in Brazil.
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The US Department of the Interior (DOI) has announced its plan to hold offshore wind leasing auctions in two areas in the outer continental shelf offshore California, the first offshore wind auction held in the west coast.
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French energy company TotalEnergies has agreed to purchase a 50% stake in renewables developer Clearway Energy Group for $1.6 billion and a minority stake in SunPower Corp.
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Canadian developer BluEarth Renewables has purchased a 1 GW combined solar and wind project in Colorado from NorthRenew Energy.
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Engie Energia Peru has requested an up to $300 million corporate loan from development finance institution IDB Invest to support the construction of a wind farm.
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NextEra Energy Resources has signed a virtual power purchase agreement (VPPA) with Ball Corporation for new wind energy to be developed in Texas.
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Goldwind has completed a $270 million refinancing for a portfolio of five Argentine wind farms.
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The US Department of the Interior has announced the winners in the Carolina Long Bay wind energy auction which attracted bids totalling $315 million.
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Spain’s Elecnor has begun the permitting process for a wind project located in the region of Los Lagos in Chile.
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A subsidiary of Algonquin Power & Utilities Corp has entered into a power purchase agreement to sell the output of a 112 MW wind project it is constructing in Michigan.
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Greenbacker Renewable Energy has acquired a 55 MW wind farm located in the state of New York.
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Casa dos Ventos, through its subsidiary RDVE Subholding, has issued R$430 million ($87.4 million) in debentures to finance the expansion of its Rio do Vento wind complex, located in the state of Rio Grande do Norte.
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BlueFloat Energy has announced plans to develop 5.2 GW of offshore wind projects off the coast of Colombia after the government unveiled its roadmap for project development.
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Galp has agreed to purchase 4.8 GW of wind and solar projects across Brazil, doubling the capacity of its global renewable portfolio.
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Monómeros, the Colombian agricultural and industrial group, has signed a memorandum of understanding (MoU) with public lighting company APBAQ to develop green ammonia in the country.
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Enel Green Power North America has signed a virtual power purchase agreement for a portion of the output of its 250 MW wind farm in Oklahoma.
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Argentina’s Petroquímica Comodoro Rivadavia (PCR) is planning to issue two green bonds for a combined $70 million on May 3 through its renewable energy subsidiary, Luz de Tres Picos.
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Colbún, the Chilean independent energy producer, has added a new wind park in the region of Biobío to the company's project pipeline.
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AC Energy (ACEN), a Philippines-based developer, has entered a partnership to repower wind farms in the United States, thus marking its entry into the US renewable energy market.
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Brazilian power regulator Aneel has approved bid documents for the country’s next power auction, due to be held on 27 May.
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2W Energia, a Brazilian energy company, has a new hybrid project in the pipeline to be developed in the country’s northeast.
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Enel Green Power’s Brazilian subsidiary has brought a 99 MW wind park online.
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CMPC – the wood and paper products manufacturing company – is sponsoring a 144 MW wind farm in Chile through its energy subsidiary Bioenergias Forestales.
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Eolian, a subsidiary of Global Infrastructure Partners, has closed on a bespoke financing that will support the company’s investment and development of renewable energy projects across the US.
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Atlas Renewable Energy has signed its first wind power purchase agreement with Enel Generacion Chile, marking its entry into the Chilean wind power market.
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Tech company Amazon has procured 3.2 GW worth of renewable energy generation in the US to support the company’s operations in the country.
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AES Chile, a subsidiary of AES Corp, has commissioned its 110 MW wind project in Chile.
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Aluar Aluminio Argentino, the Argentine aluminum company, has announced it is expanding its 164 MW wind farm by adding 18 new turbines.
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Dutch energy company Vitol has agreed to buy three wind farms totaling 244.4 MW from a BlackRock-managed fund for an undisclosed sum.
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Genneia, the Argentine renewable developer, will invest $200 million to finance new renewable energy projects.
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Ørsted has agreed to buy a 121 MW wind farm from Ford Ridge Wind Equity Holdings which is owned by asset manager Ares Management.
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Brazilian power company Cemig has launched a request for proposals for solar and wind projects it wants to acquire.
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Enel, the European Investment Bank (EIB) – through its development branch EIB Global – and SACE are supporting renewable energy and energy efficiency programs in Brazil, Colombia and Peru.
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Argentina’s Pampa Energía has inked a $20 million letter of credit to finance the expansion of its Pampa Energía III wind project in Buenos Aires.
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AES Andes, the Chilean clean energy developer, has signed a power purchase agreement with Microsoft for a datacenter in Chile.
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Enel Colombia has committed to invest COP3.1 billion ($827,000) in its renewable subsidiary Enel Green Power over the next three years.
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TransAlta Corp has signed a power purchase agreement to sell the output of a 200 MW wind farm in Oklahoma.
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Toronto-based developer, Potentia Renewables, has secured financing for a 548 MW portfolio of wind projects the company is developing in the Canadian province of Alberta.
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AEP Energy Partners, a subsidiary of American Electric Power, is issuing a request for proposals for renewables projects in the PJM Interconnection market.
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Engie has secured common equity and tax equity financing for a trio of renewables projects totaling 665 MW that are spread across Texas, Kansas and North Carolina.
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Sempra Infrastructure, the manufacturing subsidiary of Sempra, has drafted two memoranda of understanding with France’s TotalEnergies, expanding their cooperation in North America.
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Vestas and Tenaris have inked a deal in which the Danish renewable manufacturer will supply 103 MW of wind turbines to the Argentinian subsidiary of Techint.
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The French energy company, Voltalia, has begun construction on its Solar Serra do Mel 3 to 6 (SSM 3-6) projects in Brazil.
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The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has completed its environmental review of a pair of wind leasing areas off the coast of the Carolinas, triggering an auction process.
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EDF Renewables has submitted for environmental approval a 614 MW solar and wind complex in Chile, in what could be the company's largest in the region.
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Brazilian renewables developer Renova Energia has brought a portion of its Alto Sertão III wind farm online.
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Shell has filed environmental permits with the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) for its first offshore wind projects in the region.
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Ørsted has brought online a wind project in Nebraska, adding 298 MW to its US portfolio.
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The Dominican ministry of mines and energy has signed a trio of renewable energy power purchase agreements totaling 128 MW of generation.
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AES Brasil has won the auction to acquire a 305 MW wind portfolio in Rio Grande do Norte, having emerged as a stalking horse bidder for the asset last January.
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Scout Clean Energy, a Quinbrook Infrastructure Partners portfolio company, has closed a $250 million revolving credit facility to support the platform’s pipeline of wind, solar and storage projects.
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An American Electric Power (AEP) subsidiary has issued a request for proposals to procure 1,300 MW of renewable energy generation in Indiana and Michigan.
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AES Brasil has closed its joint venture with local food company BRF to develop a 165.3 MW wind farm in Rio Grande do Norte.
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BHE Canada, the Canadian subsidiary of Berkshire Hathaway Energy, has signed power purchase agreements with three corporate offtakers for a 130 MW wind project in Alberta.
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Omega Energia is planning to take full control of the Assuruá renewables complex in Bahia, Brazil.
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Copenhagen Infrastructure Partners (CIP) is expected to ink a memorandum of understanding this week to develop the first large-scale offshore wind farm in Latin America.
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Equatorial Energia has completed its acquisition of Actis-owned renewables platform Echoenergia Participações.
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A consortium of sponsors has secured environmental approvals for the first utility-scale wind farm in Guyana.
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The New Jersey Board of Public Utilities (NJBPU) has postponed its third offshore wind solicitation in order to weigh transmission proposals that would interconnect offshore wind generation to the state's grid, and to allow the recent winners of the NY Bight offshore wind auction more time to prepare their project proposals.
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American Electric Power (AEP) has announced plans to offload its roughly 1.6 GW portfolio of unregulated renewable energy projects.
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German utility EnBW, which partnered with French oil and gas company TotalEnergies on one of the winning bids in last week's New York Bight offshore wind lease sale, has decided to sell its interest in the concession to its partner.
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The provisional winners of the Bureau of Ocean Energy Management’s (BOEM’s) New York Bight offshore wind auction have been revealed, concluding the highest-grossing competitive offshore wind area lease sale in US history.
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The Bureau of Ocean Energy Management's auction of offshore wind lease areas in the New York Bight has carried over into a second day of bidding, with six lease areas still up for grabs.
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Steel manufacturer Tenaris is planning to build a 100.8 MW wind farm in Argentina to power its local manufacturing operations.
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Acciona Energía is entering the Peruvian market with the purchase of a 131.1 MW wind farm in the Ica region.
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Innergex has completed a bought deal equity offering and a concurrent private placement to fund its purchase of a Chilean wind platform.
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The US Bureau of Ocean Energy Management (BOEM) has launched its highly anticipated auction for offshore wind leasing areas in the New York Bight, taking in bid offers totaling more than $1.3 billion.
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Sempra Infrastructure has started operations at the 108 MW Sierra Juárez II wind farm in Baja California – the first cross-border renewable energy project between Mexico and the US.
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Brazilian power regulator Aneel has opened a public consultation for its A-4 power auction, which is scheduled to take place on May 27.
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Norwegian renewables developer Aker Offshore Wind has found a buyer for a portion of its 47% stake in Californian floating offshore wind platform designer Principle Power.
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Eversource Energy and Orsted’s offshore wind joint venture, South Fork Wind, has reached a final investment decision on its namesake offshore wind farm off the coast of New York state.
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JP Morgan has launched a sale process for a wind farm in Texas that is the subject of litigation proceedings over its force majeure claim during winter storm Uri.
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Innergex has inked a deal to purchase a platform of newly-built wind projects in Chile, which would make it one of the largest renewables-focused independent power producers in the country.
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Axium Infrastructure has secured financing for its acquisition of a 49% stake in a roughly 1.4 GW portfolio of wind and solar projects in the US.
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The state of Louisiana has outlined plans to develop 5 GW of offshore wind capacity by 2035 under its Climate Action Plan.
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Vineyard Wind, the offshore wind joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP), has appointed a new CEO.
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Neoenergia has signed a green financing agreement with the European Investment Bank (EIB) to fund renewable energy projects in Brazil.
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DTE Energy has issued a request for proposals (RFP) for solar and wind projects, with or without storage, totaling 500 MW.
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Brazilian development bank BNDES is providing an up to R$655 million ($124 million) debt package to finance the construction of the Ventos de São Vítor wind complex in Bahia.
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Total Eren has commissioned the Terra Santa and Maral wind farms in the state of Rio Grande do Norte in Brazil.
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PJM Interconnection and the New Jersey Board of Public Utilities (NJBPU) have outlined plans to interconnect about 7.5 GW of offshore wind generation to the grid by 2035, through proposed transmission projects.
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AES Corp has emerged as the stalking horse bidder for a 305 MW portfolio of wind farms owned by Renova Energia in Brazil.
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Invenergy has closed construction financing for a 250 MW wind project in Illinois.
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NextEra Energy Resources has inked a power purchase agreement with an Arizona utility for the output of a hybrid wind, solar and energy storage project in the state.
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NextEra Energy Resources has struck a deal to sell a 62.4 MW wind project in North Dakota to a Minnesota-based utility.
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Brazil's Equatorial Energia has announced a follow-on share offering, with plans to use the proceeds to fund its purchase of Actis-owned renewables developer Echoenergia Participações.
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EDP Renewables has repowered a merchant wind farm in Oklahoma, making it the first repowering project to be completed by the Spanish firm in the US.
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Apex Clean Energy has secured a power purchase agreement for a 225 MW wind project in central Iowa.
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The Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan (COP) of the South Fork wind project off the coast of Rhode Island.
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Sempra Infrastructure Partners – a recently-created subsidiary of Sempra Energy active in LNG and associated infrastructure in the US and Mexico – has completed its inaugural private placement.
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Leeward Renewable Energy has signed four power purchase agreements for up to 640 MW of renewables-powered generation with telecommunications company Verizon.
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Rio Energy has secured preliminary environmental permits for a 435 MW wind farm in the Brazilian state of Rio Grande do Sul.
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Apex Clean Energy has inked a power purchase agreement with Great River Energy (GRE) for the output of a 400 MW wind project in North Dakota.
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Norway's Equinor has hired a new head of US project finance from Colorado-based Summit Utilities.
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Copenhagen Infrastructure Partners (CIP) is establishing a joint venture with two Austrian energy companies to develop a major green hydrogen project in Chile.
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The US Department of the Interior (DOI) has greenlit a lease sale in the New York Bight, marking the first offshore wind lease auction under the Biden administration.
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Avangrid Renewables and Copenhagen Infrastructure Partners (CIP) have completed the restructuring of their 50:50 Vineyard Wind joint venture and promoted a pair of senior staffers to support the JV.
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The US Bureau of Ocean Energy Management (BOEM) is preparing a draft environmental assessment (EA) weighing the impact of leasing offshore wind projects in the Gulf of Mexico.
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Local environmental regulators have granted permits for the 1.5 GW Alfazema hybrid wind and solar complex in Bahia, Brazil.
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The Brazilian state of Rio Grande do Sul is planning a concession for the construction of a wind farm on the Laguna dos Patos – the largest coastal lagoon in South America.
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The CEO of Mayflower Wind Energy, the offshore wind joint venture between Shell New Energies and EDPR Offshore North America, has taken up a new role.
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Invenergy has secured a $3 billion equity investment from Blackstone to accelerate its renewables development activities.
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Colombian utility Air-e has received interest from 22 companies for its first private power auction in the country.
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Itau Unibanco has announced plans to increase its stake in AES Brasil-owned wind and solar power company Guaimbe Solar.
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New York governor Kathy Hochul has outlined plans to strengthen offshore wind generation in the state, including a $500 million investment in offshore wind projects and infrastructure.
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Leeward Renewable Energy has secured debt and tax equity financing for a 54.4 MW wind repowering project in Illinois.
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Invenergy has closed construction financing for a 104 MW wind farm in New York state which will form part of the renewable generation portfolio of the $11 billion Clean Path New York infrastructure project.
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Apollo Global Management has reached first close on an $816 million convertible equity financing supporting a 2.5 GW portfolio of NextEra Energy Partners (NEP) renewable energy projects.
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AES Brasil Energia and chemical firm Unipar Carbocloro are planning to launch a joint venture to develop a 91 MW wind farm in Brazil.
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The Dominican Republic's National Energy Commission has granted Poseidon Energia Renovable the definitive concession to develop a 50 MW wind farm in the country.
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TransAlta Corp has secured a pair of power purchase agreements with an investment-grade offtaker for a 300 MW wind complex in Oklahoma.
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Taaleri Energia has secured €44 million ($49 million) in financing to build a wind and solar portfolio across Texas as well as several European countries.
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Avangrid Renewables’ offshore wind project, Commonwealth Wind, has been selected as part of Massachusetts’ competitive offshore procurement process.
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The Department of the Interior (DOI) has completed its environmental review of the offshore leasing area in the New York Bight.
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An offshore wind joint venture between Shell New Energies and OW Americas has been awarded a contract to provide offshore wind energy to the Commonwealth of Massachusetts.
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A sponsor has launched the sale of a portfolio company in Chile, which owns 332 MW across operational wind farms.
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Brazilian developer Lisarb Energy has inked a 12-year power purchase agreement with an energy trading company for a wind farm in Brazil.
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Ecuador’s Ministry of Energy and Non-Renewable Natural Resources has launched three procurement processes for renewables, gas-fired and transmission projects in the country, which were announced in September.
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Publicly listed-firm Engie Brasil Energia has inked a debt package for the first phase of a wind complex in the Brazilian state of Rio Grande do Norte.
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AES Clean Energy, a renewable energy platform co-owned by AES Corp and Alberta Investment Management Corp (AIMCo), has closed the purchase of a portfolio of wind projects from The Carlyle Group.
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Scout Clean Energy, a Quinbrook Infrastructure Partners portfolio company, has secured a power purchase agreement for the output of a wind project in California that the firm is planning to repower.
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Spanish firm Dominion has sold a minority stake in its renewable energy business and closed a capital increase to finance its pipeline, which exceeds 1 GW of power.
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An offshore wind joint venture between EDP Renewables (EDPR) and Engie has appointed a new CEO after the previous one stepped down.
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Brazilian utility Copel has closed the acquisition of a 186.7 MW wind complex from Voltalia Energia do Brasil, six months after the sale was announced.
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A subsidiary of Apex Clean Energy has sold a 300 MW wind project in Texas to a Japanese developer through a stock purchase agreement.
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A Blackstone Infrastructure Partners portfolio company has submitted an application to develop an offshore wind transmission project to the New Jersey Board of Public Utilities (NJBPU).
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NextEra Energy has agreed to sell a 50% stake in a 2,520 MW portfolio of renewable energy assets to the Ontario Teacher’s Pension Plan (OTPP).
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Enel Chile has announced it is working on three solar parks and two wind-plus-storage farms in Chile, totaling 1,222 MW.
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Spain's Acciona Energia has agreed to buy a pair of wind farms totaling 850 MW in Bahia, marking its debut in the Brazilian renewables market.
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Vinci Partners Investments has formed a partnership with Brazilian renewable energy company Gradiente Energia Renovaveis – part of Grupo Electra – to develop wind and solar projects in the South American country.
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The Department of the Interior’s (DOI’s) Bureau of Ocean Energy Management (BOEM) has approved the construction of the South Fork Wind project off the shore of Rhode Island.
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Leeward Renewable Energy has clinched a $190 million debt package for a wind project that the company is constructing in Colorado.
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Orsted has closed its acquisition of a 302 MW operational wind project in Illinois from Ares Management Corp.
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NextEra Energy Partners (NEP) has exercised a buyout option to repurchase a minority equity interest in a portfolio of wind and solar assets from BlackRock.
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A subsidiary of Chile’s Grupo SAESA has filed for environmental permits to expand an operational 3.78 MW wind farm by 28.42 MW.
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Copenhagen Infrastructure Partners (CIP) has signed a memorandum of understanding (MoU) to develop a 1.8 GW offshore wind and green hydrogen project in Brazil.
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Bank of America has agreed to finance InterEnergy Group's wind and solar pipeline and its electric vehicle charging infrastructure across Latin America and the Caribbean.
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Dominican developer Empresa Generadora de Electricidad Haina (EGE Haina) has closed a sustainability-linked bond issuance to refinance its debt as it grows its renewables portfolio.
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Enel Green Power Peru has requested a debt package from a development finance institution to support the expansion of a 132 MW wind farm in the country.
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Brazilian developer Casa dos Ventos Energias Renovaveis has secured an offtaker for a portion of the output of a 360 MW wind farm in Brazil.
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AES Corp has inked a power purchase agreement with Microsoft Corp that will power the tech giant’s data centers in Virginia.
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Colombian utility Air-e has published a rough timeline for its first private power auction in the country.
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A BlackRock-backed wind developer has found a buyer for a merchant wind farm located in New York state.
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Alberta Investment Management Corp (AIMCo) has struck a deal to acquire minority stakes in a pair of wind projects from AES Corp.
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Engie Energia Chile has begun the permitting process for a 173.6 MW wind farm in the Chilean region of Los Lagos.
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NextEra Energy Partners (NEP) has agreed to buy a 102 MW wind farm in California from Starwood Energy Group.
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Brazilian firm Equatorial Energia has signed a deal to buy Actis-owned renewables platform Echoenergia Participações as it grows its portfolio in the country.
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PSEG and Orsted have submitted several joint proposals to develop offshore wind transmission infrastructure within the PJM Interconnection market.
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Greenbacker Renewable Energy has acquired a pair of operational wind projects in Minnesota from Minneapolis-based developer PRC Wind.
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Australia's Montem Resources is considering building a renewable energy complex, comprising wind, pumped hydro storage and a green hydrogen electrolyzer, on its Tent Mountain coal project site in Alberta.
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Brazilian developer Votorantim Energia is planning to partner up with the investment arm of Canada Pension Plan to consolidate their energy assets into an integrated publicly-listed renewables platform.
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Investor-owned utility Evergy has issued a request for proposals (RFP) for up to 1 GW of wind generation to supply its customers in Kansas and Missouri.
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Independent power producer Colbun is arranging a bond issuance to fund the development of its renewable energy portfolio in Chile.
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Colombian utility Air-e has announced that it is readying its first private power auction to procure renewable energy generation.
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The Bureau of Ocean Management (BOEM) has outlined plans to hold up to seven new offshore wind lease sales before 2025.
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British renewables investor Greencoat Capital has launched in the US with the opening of offices in New York and Chicago ahead of a tipped fund launch.
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Colombian developer Empresas Publicas de Medellin (EPM) has received permission from the national finance ministry to raise funds for its 2021-2023 planned investments.
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Avangrid Renewables has appointed a pair of co-CEOs following the departure of the incumbent, Alejandro de Hoz, from the company.
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French oil and gas giant TotalEnergies and UK-based developer Simply Blue Group have launched a joint venture to develop floating offshore wind projects in the US.
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Lead arrangers have laid out the terms for the almost $2.4 billion construction debt package for the 800 MW Vineyard Wind project off the coast of Massachusetts, which was launched into syndication last week.
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Clearway Energy has financed a 7.5 GW fleet of renewable power projects in the US with $775 million of corporate credit facilities arranged by a club of banks.
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Norwegian power company Statkraft has begun construction on a 30 MW wind farm in Chile.
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Ares Management Corp has struck a deal to acquire a majority stake in Apex Clean Energy.
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Chemical supplier Dow has clinched two power purchase agreements in the Americas, namely one in Canada and another in Brazil.
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Brazil’s power regulator Aneel has approved a capacity auction that will take place later this month, in an effort to optimize hydro resources as the country faces its worst drought in over 90 years.
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I Squared Capital has launched a renewable energy platform led by former GE Energy Financial Services (GE EFS) staffers, called Cube Green Energy.
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Brazil has completed its third power auction for 2021, which favored solar and wind generation projects.
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Altius Renewables Royalties Corp and Apollo Infrastructure Funds have closed a $52.5 million royalty investment in a trio of operational renewable energy projects in Texas owned by Toronto-based private equity shop Northleaf Capital Partners.
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Sempra Energy has closed the sale of a 20% stake in its subsidiary, Sempra Infrastructure Partners, to investment firm KKR & Co, five months after announcing the deal.
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Brazilian developer Casa dos Ventos Energias Renovaveis has signed a 20-year power purchase agreement with a petrochemical firm for a 360 MW wind farm in Brazil.
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PPL Corp's distributed generation subsidiary, Safari Energy, has commercialized a 15 MW solar project in Pennsylvania which has a power purchase agreement with a local municipal electric utility.
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Wind sponsors look poised to favor a "more equitable" direct-pay structure following the approval of a portion of the Democrats’ proposed $3.5 trillion spending package by the US House of Representatives' Ways and Means Committee, which could alter the tax equity landscape, say insiders at REFF Wall Street 2021.
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The Bureau of Ocean Energy Management (BOEM) is preparing to launch an environmental review of an offshore wind project being developed by a 50:50 joint venture between Shell New Energies and EDF Renewables North America (EDFRNA), off the coast of New Jersey.
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Spain's Repsol and Grupo Ibereólica have completed construction on a 188.1 MW wind farm in Chile’s Atacama region.
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Colombian developer Empresas Publicas de Medellin (EPM) has begun the permitting process for a roughly 100 MW wind farm in the country.
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New York state has selected an $11 billion infrastructure project developed by Invenergy, energyRe and the New York Power Authority (NYPA) to deliver more than 7.5 million MWh of renewables-powered electricity within the state.
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Avangrid Renewables has appointed a new president of its onshore division, who previously oversaw onshore activities across the Americas for Siemens Gamesa.
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The president of Vestas' North America division has left the firm for a role at an independent power producer based in the UK.
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Independent power producer Colbun has approved the construction of a 778 MW wind project in the country's Antofagasta region.
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Ecuador’s Ministry of Energy and Non-Renewable Natural Resources has announced the launch of three procurement processes for renewables, gas-fired and transmission projects in the country.
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The Brazilian Ministry of Mines and Energy has outlined the terms of a capacity auction to be held for both renewable and thermal power projects in the country.
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Avangrid Renewables and Copenhagen Infrastructure Partners (CIP) have agreed to restructure their 50:50 Vineyard Wind joint venture in an effort to focus on their own expansion plans in the US offshore wind market.
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Pattern Energy and Nigig Power Corp have wrapped a C$1.2 billion ($0.94 billion) refinancing for their jointly owned 300 MW Henvey Inlet wind farm in Ontario.
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EDP Renewables has signed a power purchase agreement for the full output of a 297 MW wind farm in Alberta, Canada.
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The lead arrangers on the almost $2.4 billion construction debt package for the 800 MW Vineyard Wind project off the coast of Massachusetts have begun sounding out lenders to participate in syndication.
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LS Power subsidiary Rise Light & Power has bought the site of a retired oil-fired power plant in New Jersey and plans to redevelop it as an interconnection point for offshore wind farms to deliver electricity to the state's grid.
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The US House of Representatives' Ways and Means Committee has approved a critical portion of the Democrats' proposed $3.5 trillion spending package, which includes federal tax credit extensions and a direct-pay option, but market participants have warned that some of the newer measures mixing social and energy policies could have "cataclysmic ramifications."
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AES Corp's Brazilian subsidiary, AES Brasil Energia, has reached out to investment banks as it evaluates a potential follow-on share offering.
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Orsted has appointed a new CEO of its onshore wind business following the departure of Declan Flanagan from the company last month.
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Enel Green Power North America has signed a virtual power purchase agreement with yoga and athletic wear company lululemon for the output of a combined wind and battery storage project in Texas.
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A club of nine international and US banks has reached financial close on a $2.3 billion senior debt package to fund the construction of the 800 MW Vineyard Wind project off the coast of Massachusetts.
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Spanish independent power producer Opdenergy has brought online its first wind farm in Chile, totaling 50 MW.
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US Senate Finance Committee chairman Ron Wyden (D-Ore) has proposed a slate of tax reforms that could freeze the use of the partnership flip structure in the tax equity market.
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Sempra Energy’s cash tender offer for a 3.6% slice of publicly-held shares in its Mexican subsidiary, Infraestructura Energética Nova (IEnova), expired on September 10.
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Algonquin Power & Utilities Corp subsidiary Liberty Power has secured a corporate offtaker for the output of a wind project in the Prairie State.
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As the Dominican Republic starts opening up to private investments in renewable energy projects under President Luis Abinader, local developer Grupo Energético 23 (GE23) managed to wrangle debt financing for its first such asset in the country this summer.
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Mainstream Renewable Power has begun the permitting process for a 192 MW wind farm in the Chilean region of Antofagasta.
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Chile’s National Energy Commission (NEC) has announced the winning bidders for 15-year power purchase agreements that will power distribution companies (discos) in the country.
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A New Jersey-based independent power producer has launched a sale process for a 20 MW wind project located in California.
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A spate of thermal and renewable M&A deals has been launched into the Brazilian power market, with sponsors across the country putting their operational power plants up for sale.
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The Bureau of Ocean Energy Management (BOEM) has outlined plans to conduct an environmental review of an offshore wind project being developed by Orsted North America and Eversource off the coast of New York state.
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NextEra Energy Partners (NEP) has closed its acquisition of a 391 MW portfolio of wind projects in California and New Hampshire from Brookfield Infrastructure Partners.
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To download a PDF version of this Q&A, click here.
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Vancouver-based renewables developer Elemental Energy has signed a power purchase agreement with a Canadian pipeline operator for the output of a solar project in Alberta.
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Grupo Energetico 23 (GE23) has started constructing the second phase of an operational 48.3 MW wind farm in the Dominican Republic.
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Brazilian power regulator Aneel has approved a September auction which will award power purchase agreements to solar, wind, hydro and thermal power plants in the country.
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AES Andes has begun the permitting process for a 258 MW wind farm in Chile's Biobio region.
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Ecuador’s Ministry of Energy and Non Renewable Natural Resources has updated its power generation plans to include an additional 1.44 GW of renewable electricity by 2031.
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Brazilian power regulator Aneel has authorized the start of commercial operations for a 33.6 MW wind farm in the state of Bahia.
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EDP Renewables North America has signed a corporate power purchase agreement for the output of a 200 MW solar project in the state.
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Brazilian power regulator Aneel has approved the start of commercial operations of a wind and solar project pair totaling 34.3 MW in the country’s northeast.
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Two winning bidders have emerged for The Carlyle Group’s roughly 600 MW Valcour Wind Energy portfolio in New York state, following a competitive sale process that kicked off earlier this year.
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BlackRock Real Assets has acquired a Minneapolis-based renewables developer focused on early-stage wind and solar projects across the US.
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AES Brasil Energia and local food company BRF have formed a joint venture to develop and sell wind power in Brazil.
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The Bureau of Ocean Energy Management (BOEM) has completed its environmental review of the 130 MW South Fork Wind project off the coasts of New York and Rhode Island.
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Brazilian power developer Casa dos Ventos has signed two renewables power purchase agreements totaling 137 MW with Brazilian state-owned energy company Companhia Paranaense de Energia (Copel).
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Enel Green Power North America has signed a virtual power purchase agreement for a portion of the output of its Rockhaven Wind project in Oklahoma.
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Details have emerged on the financing led by a trio of banks to support Global Infrastructure Partners' (GIP's) acquisition of a 49% stake in AES Andes' renewables portfolio in Chile.
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Orsted has signed a power purchase agreement with Microsoft Corp for the output of a 430 MW solar project in Fort Bend County, Texas.
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Chile’s National Energy Commission (NEC) has taken offers from 29 companies as part of its many times delayed power auction.
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Enel Generación has inked a four-year supply agreement with fruit company Copefrut in Chile.
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The start of August has put corporate offtakers at the center of the power market, with several corporations taking the lead in signing power purchase agreements with renewables developers. From fast food firms to packaging companies, corporate offtakers are increasingly stepping up to sign long-term contracts for renewable energy projects.
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NextEra Energy Resources (NER) is planning to drop a 590 MW portfolio of renewable energy projects into its yield company, NextEra Energy Partners (NEP), in a deal that will mark the yieldco's first ever acquisition of distributed generation solar assets.
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A project finance manager at EDF Renewables Chile has taken up the same title Mainstream Renewable Power, overseeing the Latin America region.
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Apex Clean Energy and funds managed by Ares Management Corp have secured a consortium of corporate offtakers for a wind project that they are jointly developing in Fort Ridge County, Illinois.
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InterEnergy Group has entered the Uruguayan renewables market with the acquisition of three wind farms in the country totaling 30 MW.
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Neoenergia, the Brazilian subsidiary of Iberdrola, has brought online a portion of the 471.25 MW Chafariz wind complex in Brazil.
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The Bureau of Ocean Energy Management (BOEM) has issued a notice of intent to conduct an environmental impact study of Avangrid Renewables' Kitty Hawk North offshore wind project off the coast of North Carolina.
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EDF Renewables' Brazilian subsidiary has struck a deal to sell a 50% stake in its Ventos de Bahia III wind farm in Bahia.
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A pair of sponsors is nearing financial close on a wind and solar complex in Chile with a club of banks.
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The Bureau of Ocean Energy Management (BOEM) is issuing a call for information and nominations to develop offshore wind projects in two new federal lease areas off the coast of California.
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Invenergy has secured a buyer for a 90% stake in a 250 MW wind project that it is developing in Illinois.
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Cubico Sustainable Investments has revealed the tax equity investor for a repowered wind project in California that it bought toward the end of last year.
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Altius Renewables Royalties Corp and Apollo Infrastructure Funds have closed an additional $20 million royalties investment in Apex Clean Energy's renewables development portfolio.
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Orsted has reached a deal to acquire a 300 MW wind project in Illinois from Ares Management Corp.
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Ecuador's Ministry of Energy and Non-Renewable Natural Resources is preparing to procure 500 MW of renewable generation in the country, up from its previously announced target of 200 MW.
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A National Grid-led joint venture has secured a $150 million revolving credit facility to partly fund the construction of its renewable project portfolio in the US.
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A pair of community choice aggregators have inked seven power purchase agreements for 778 MW of renewable generation and 118.75 MW of energy storage capacity in California and Arizona.
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Bogota-based developer Jemeiwaa Ka’l is working on an over 100 MW wind farm located in the Colombian department of La Guajira.
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Irish developer Mainstream Renewable Power has started working on a portfolio of wind and solar projects in Chile totaling 1 GW of capacity.
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Stonepeak Infrastructure Partners has raised $2.75 billion for its first renewable energy fund.
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Pacific Hydro, a renewables-focused firm with assets in Australia and Latin America, has begun the permitting process for a hybrid wind and solar project in the Chilean region of Coquimbo.
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EDP Renewables (EDPR) has struck a deal with Amazon Web Services to supply the internet retailer with electricity generated by its development-stage wind and solar projects in the US, Europe and Latin America.
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Enel Group's Brazilian subsidiary, Enel Green Power Brasil Participações, has signed a 15-year power purchase agreement with Brazil's largest fashion retailer, Lojas Renner.
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AES Corp’s Chilean subsidiary, AES Andes, has inked an agreement to sell a 49% stake in its 734 MW renewables portfolio to Global Infrastructure Partners (GIP).
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Brazil’s development bank BNDES has agreed to finance ten wind farms totaling 409.2 MW in the states of Piaui and Pernambuco.
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Brazilian power regulator Aneel has awarded power purchase agreements to renewable energy projects totaling 984.71 MW in two separate auctions held on July 8.
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Apex Clean Energy and hydrogen fuel cell manufacturer Plug Power have inked a power purchase agreement for what they say will be the first and largest wind-powered hydrogen production plant in the US.
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Cordelio Power has wrapped construction financing for an 185 MW wind project in Illinois.
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Ørsted has submitted a bid to the Maryland Public Service Commission (MPSC) to develop a 760 MW offshore wind project off the state’s coast.
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Leeward Renewable Energy has secured debt and tax equity financing for a pair of wind projects in New Mexico.
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American Electric Power's subsidiary, Southwestern Electric Power Co (SWEPCO), has issued three requests for proposals for renewable and short-term generating capacity.
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The Biden administration is preparing to launch a lease auction for offshore wind development on the outer continental shelf of the New York Bight – an area of shallow water between Long Island and the New Jersey coast.
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The US Department of the Interior is planning to issue a Request for Interest (RFI) for the development of offshore wind projects on the Gulf of Mexico's outer continental shelf.
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A DIF Capital Partners’ infrastructure fund, DIF Infrastructure VI, has agreed to acquire a 298 MW wind project in Oklahoma.
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NextEra Energy Resources has inked a power purchase agreement with a Washington-based electric utility for a portion of the output of a wind farm located in Montana.
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A Hong Kong-based buyer has completed the acquisition of a pair of wind farms in Canada, marking its first renewables investment in the country.
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A pair of sponsors is nearing financial close on a roughly C$1.2 billion debt refinancing for a wind project located in Ontario.
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Ørsted has secured an offtaker for a 103 MW wind farm in South Dakota.
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NextEra Energy Resources is arranging debt financing for a wind project that it is repowering in California.
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Pattern Energy has inked a power purchase agreement with a German utility for its Western Spirit wind portfolio in New Mexico.
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Northern Indiana Public Service Co (NIPSCo) has launched a request for proposals for thermal, renewable and energy storage assets.
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RWE Renewables and National Grid have agreed to jointly develop offshore wind projects in the coastal region of the Northeastern US and to bid in the New York Bight lease auction.
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NextEra Energy Partners plans to upsize a $1.1 billion convertible equity financing that it secured in November with a consortium of investors led by KKR & Co.
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Dutch energy company Vitol is repowering a wind project in Illinois that it bought from a BlackRock-managed fund earlier this year, and which BlackRock had originally tried to repower in 2019.
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Apex Clean Energy has sold a pair of wind farms in Michigan to DTE Energy, as part of a build-transfer deal.
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Houston-based EnCap Investments has raised $1.2 billion for its EnCap Energy Transition Fund I.
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AES has inked a power purchase agreement with Google to supply electricity to the internet giant's Virginia-based data centers.
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A sale process is underway for a battery storage-focused independent power producer.
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The US Bureau of Ocean Energy Management has kicked off its environmental review of Ørsted and Eversource’s Revolution Wind project off the coast of New England.
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Dominion Energy Virginia has launched a request for proposals for solar, wind and energy storage projects.
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Renewable Energy Systems has secured two virtual power purchase agreements with Bimbo Canada, one of the largest bakeries in the country.
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Leeward Renewable Energy has struck a deal to acquire a 580 MW wind and solar portfolio in Indiana.
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RWE Renewables has tasked GE Renewable Energy with the repowering of the third phase of its Panther Creek wind farm in Texas.
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Quinbrook Infrastructure Partners' portfolio company Scout Clean Energy has secured a $50 million letter of credit facility.
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Southern Power has struck a deal to acquire a 118 MW wind project in Oklahoma.
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NextEra Energy Partners has struck a deal to acquire a 391 MW operational wind portfolio from Brookfield Renewable Partners.
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AEP Energy, a subsidiary of American Electric Power, has signed a 12-year power purchase agreement with an Ohio-based lead-acid battery manufacturer.
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Owners of hedged renewable energy projects in Texas face an uphill battle as they plead for protection against foreclosure in court, if a recent ruling by a New York judge is anything to go by.
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BluEarth Renewables has signed a power purchase agreement with a retail energy provider for the output of a wind farm in Alberta.
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Canadian pipeline operator TC Energy Corp has hired Marathon Capital to advise on the procurement of as much as 620 MW of wind capacity to power its US assets.
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OMERS Infrastructure has signed a deal to sell its minority stake in Vento II, a 596 MW portfolio of wind projects in four US states, to Atlantica Sustainable Infrastructure.
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German pharmaceuticals company Boehringer Ingelheim has signed a deal with utility company Evergy for a portion of the output of of an Enel Green Power North America wind project in Kansas.
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Energy Capital Partners has raised a $1.2 billion continuation fund to house its stake in renewables developer Terra-Gen, previously held under Energy Capital Partners III, employing a strategy that has come into vogue among private equity firms in recent years.
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Canadian developer Greengate Power Corp has hired former AltaGas director of power finance Scott Perry as a business development executive in Calgary.
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Ørsted has made a final investment decision on a combined wind and solar project in Texas, which the Danish company expects to be online in the first half of 2022.
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Kirkland & Ellis has hired a senior tax attorney from Orrick, Herrington & Sutcliffe as it builds up its renewable energy finance practice.
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Invenergy has closed the construction financing for its 999 MW Traverse Wind Energy Center, the last to be financed of the three projects that make up its 1,485 MW North Central Wind Energy portfolio in Oklahoma.
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Steel manufacturer Nucor Corp has signed a power purchase agreement with Ørsted for a portion of the output of a wind farm in Texas.
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Enel Green Power has signed an aggregated virtual power purchase agreement with a consortium of four non-utility offtakers – including ridesharing company Uber – which has been described as the largest contract of its kind.
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Several renowned Scotch whisky makers, including Glenmorangie, are working out a spirited plan to power their Highland distilleries with green hydrogen produced using generation from nearby offshore and onshore wind farms.
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MUFG has introduced a new CLO asset class, bundling $500 million of project finance and infrastructure loans together for Starwood Property Trust in a deal that clearly demonstrated investor appetite for the product.
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Enel Green Power North America has signed a power purchase agreement with cereal maker Kellogg Co for the output of a combined wind and battery storage project in Texas.
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In February, for the first time, Power Finance & Risk brought together representatives of the bank loan, private placement, term loan B and tax equity markets with a project sponsor to discuss the state of project finance, how they coped with the Covid-19 pandemic and what is in store for 2021.
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Exelon Corp has announced its intention to spin its competitive generation and retail power businesses off into a separate publicly-listed company following a strategic review.
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Eight community choice aggregators in California are aiming to leverage their collective purchasing power by combining to form a new joint powers authority called California Community Power.
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As winter storms wallop Texas, leaving around four million people to wait out rolling blackouts and sending power prices skyrocketing, project finance professionals and investors are assessing the fallout for project-financed assets in the Lone Star State.
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Allete Clean Energy has signed a deal to sell two repowered wind projects in Minnesota to utility holding company Xcel Energy.
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EDF Renewable Energy has signed a power purchase agreement with German chemical company BASF for the output of a wind farm in Texas.
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Special purpose acquisition companies (SPACs) have proliferated at a blistering pace over the past year, and market participants are virtually certain that at least one renewable energy developer will go public this way by the end of 2021.
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Ares Management Corp has announced its investment in Apex Clean Energy's 302 MW Lincoln Land wind project in Illinois, which was first reported by PFR on January 12.
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Recently, it seems that every day brings blank check company news, whether it’s an initial public offering or a merger. But could a privately held renewable energy project developer go public this way by the end of the year?
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The years-long stampede of international capital into the US renewable energy sector has continued unabated in the first few weeks of 2021, as latecomers from around the world have finally got in on the action.
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PepsiCo has selected two wind projects being developed by Ørsted to power its operations in the US.
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Credit Suisse has promoted its head of North America renewables in New York to a new global position overseeing investment banking in renewables and sustainable energy technology.
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The state of New York has chosen two projects sponsored by Equinor and its joint-venture partner BP in its latest offshore wind tender.
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Excelsior Energy Capital has closed its first fund, Excelsior Renewable Energy Investment Fund I, with capital commitments of $504 million.
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Novatus Energy and Southwest Generation, two portfolio companies of JP Morgan Asset Management's infrastructure investment funds, have merged to become a combined renewable energy and gas-fired power platform.
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Invenergy sealed loans at the end of last year for the three large wind farms it is preparing to build in Oklahoma for American Electric Power utility companies.
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Ares Management Corp has financed a contracted wind farm in Illinois that it acquired from a developer last year.
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Hannon Armstrong Sustainable Infrastructure Capital (HASI) has tweaked the roles of several of its senior officials as former CFO Brandan Herron transitions to an advisory role.
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Clearway Energy Group has closed a $427 million construction loan for its 354 MW Mesquite Sky wind project in Texas.
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German developer PNE has appointed Karl Dahlstrom as CEO of its US subsidiary following the retirement of Ron Flax-Davidson at the end of 2020.
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Canadian yield company TransAlta Renewables has agreed to acquire two North American wind projects and a cogeneration facility totaling 303 MW from its developer-sponsor TransAlta Corp.
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Pattern Energy has closed the financing for its Western Spirit transmission line and wind project portfolio in New Mexico.
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Canadian developer Innergex Renewable Energy has closed on a construction loan and tax equity commitment for its 225 MW Griffin Trail wind project in northwest Texas.
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Global Infrastructure Partners has announced its acquisition of the US renewable energy business of fund manager MAP Energy, which includes a seasoned portfolio of wind and solar royalty investments.
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Greenbacker Renewable Energy Co has closed its acquisition of the 50 MW Rippey wind farm in Iowa from developer RPM Access.
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Online retailer Amazon has signed power purchase agreements with Engie for several wind and solar projects in the US as part of a larger deal that also encompasses European projects.
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Spanish companies ACS and Solarpack have emerged as the winning bidders for wind and solar contracts in Ecuador following a 16-month-long competitive process.
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The US offshore wind industry is on the cusp of lift-off. To discuss the path forward, PFR and McDermott Will & Emery brought together a group of professionals at the forefront.
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Offshore wind developer US Wind has hired former Deepwater Wind boss Jeff Grybowski as its new CEO.
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Boralex has bought Caisse de dépôt et placement du Québec out of its stake in a 296 MW portfolio of three wind projects in Québec, becoming their sole owner.
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Berkshire Hathaway Energy has signed a turbine supply agreement for a 117.6 MW wind farm it is developing jointly with Renewable Energy Systems in Alberta.
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Boralex is buying Caisse de dépôt et placement du Québec out of its stake in a 296 MW portfolio of three wind projects in Québec to become their sole owner.
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Leeward Renewable Energy has reached financial close on the tax equity financing of its Sweetwater 3 Wind Farm repowering project in Texas.
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EDP Renewables North America has lined up a tax equity investor for a pair of wind farms it is developing in Colorado and Indiana.
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The Abu Dhabi Future Energy Co, also known as Masdar, is working on a holding company financing to lever up its portfolio of renewable energy assets in the US.
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Norwegian energy company Equinor has appointed a bank to oversee the financing of the 816 MW Empire Wind project off the coast of New York, which it co-owns with BP.
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Jason Allen has been appointed CEO of OMERS Infrastructure-owned developer Leeward Renewable Energy.
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AES Corp has decided to merge its wholly-owned US renewable energy development businesses with sPower, the developer it co-owns with Alberta Investment Management Corp.
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Renewable energy developer Apex Clean Energy has hired a former investment banker in a finance role.
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The apparently unstoppable trend of ever-tightening project finance margins finally hit the buffers in March 2020. But now, even as the pandemic continues to rage, the race to the bottom is back with a vengeance.
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Grupo Ibereólica and Global Power Generation are moving forward with the financing for their 204 MW Cabo Leones II wind project in Chile.
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Yield company Clearway Energy has signed an agreement to acquire a 160 MW wind repowering project in West Texas from its developer-sponsor Clearway Energy Group.
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Clearway Energy Group has offered its yield company, Clearway Energy, the opportunity to invest in a 1.6 GW renewable energy portfolio alongside a third party.
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Chicago-based developer Invenergy is aiming to close construction loans totaling $1.8 billion for three wind farms in Oklahoma by the end of the year.
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Grupo Renovatio has launched the first private power auction in Colombia with the aim of awarding five- to 25-year power purchase agreements to renewable energy projects.
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Thomas Brostrøm, the former chief executive of Ørsted’s North American offshore wind division, is preparing to take the helm of Shell’s global renewable generation team next year.
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Exelon Corp has appointed two investment banks as it considers whether to separate its generation business from its utilities.
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EDF Renewables North America has roped in an electric cooperative as the offtaker for a portion of the output of a wind project in the Texas Hill Country.
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At least three developers or joint ventures submitted bids into New York’s latest offshore wind request for proposals by the October 20 deadline. Check out this and all of the past week's PPA news.
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Utility holding company FirstEnergy Corp has fired its CEO and two other senior officials amid a high-profile bribery investigation in Ohio, shortly after guilty pleas were entered in federal court by two people who are not FirstEnergy employees.
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With an unpredictable election looming, developers, financiers and would-be buyers of US renewable energy projects are carefully weighing the potential impact of a Joe Biden presidency as they try to reach decisions on M&A and financing transactions.
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Ørsted has acquired a 298 MW wind project in Nebraska that it intends to bring online in the fourth quarter of 2021.
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Mexican developers have won legal reprieves against measures taken in spring by grid operator Cenace, which had halted the interconnection of wind and solar projects.
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DIF Infrastructure VI has reached a €3.03 billion ($3.5bn) final close after increasing its hard cap.
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Southern Co subsidiary Alabama Power has launched a request for proposals for renewable energy projects in the state.
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At least three developers or joint ventures submitted bids into New York’s latest offshore wind request for proposals by the October 20 deadline.
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Enel Americas has appointed two investment banks to advise on the process of integrating Enel Green Power's renewable energy businesses in Central and South America, other than in Chile.
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Panama’s state-owned power company Empresa de Transmisión Eléctrica (ETESA) is preparing to launch a renewable procurement process in response to delays in the construction of other generation assets.
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AES Gener recently began construction on a wind farm and a solar-plus-storage project that will incorporate the largest lithium battery storage unit in Latin America.
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A year after the Chilean government announced changes to the country's small-scale distributed generation scheme, the final bill was published on October 8, generating a rush among developers who seek to take advantage of the previous plan.
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Irish developer Mainstream Renewable Power has secured mezzanine financing for its 1.3 GW Andes Renovables solar and wind portfolio in Chile.
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After Covid-19-related delays, three developers and one consortium of investors have presented bids to develop two renewable projects in Ecuador totaling 310 MW.
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Bond-focused fund manager Pacific Investment Management Co (PIMCO) is the latest sponsor to back a low carbon blank check company, with former NRG Energy leader David Crane as chief executive.
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Brazil’s Eletrobras has concluded the sale of its stake in the 26 MW Mangue Seco 2 wind farm to the Tradener Group's FIP Pirineus fund.
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Brazil’s Renova Energia has accepted an offer from the local private equity firm Prisma Capital for the acquisition of phase B of its Alto Sertão III wind project, potentially resolving uncertainty that dogged the project for years.
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As Latin America's power sector grapples with the consequences of the pandemic, PFR has brought together a diverse panel to share their perspectives on how the market will move forward.
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In the world of project finance, power purchase agreements are usually considered from the point of view of the project owner or lender. But in the last few years, more attention has started to be paid to the other end of the contract.
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Engie Chile has signed a five-year energy supply agreement to provide packaging company Amcor’s operations in Santiago with renewable generation and natural gas.
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AES Gener has decided to postpone a $500 million capital increase, the proceeds of which it had planned to use to fund its 1.6 GW solar and wind pipeline in Chile and Colombia, having raised the cash by other means.
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Chilean independent power producer Colbún has signed a six-year renewable power purchase agreement with Walmart Chile.
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Italy's Enel Green Power and France's Engie have announced separate plans to develop the first green hydrogen production facilities in Chile.
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Jonathan Silver, who ran the US Department of Energy's loan program before setting up a boutique financial advisory firm focused on tax equity, has joined Guggenheim Securities as a senior adviser.
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Brookfield Renewable Partners has promoted its chief investment officer Connor Teskey to CEO, replacing Sachin Shah, who has moved into a senior role at the company’s financial sponsor Brookfield Asset Management.
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French infrastructure investment manager STOA has signed a new agreement with Voltalia for the acquisition of a stake in a wind farm in Brazil, after changing its mind about a previous deal struck with the developer.
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Take-or-pay busbar power purchase agreements with electric utilities are all well and good, but they’re starting to look a bit old-fashioned. Bitcoin batteries and green hydrogen are where it’s at these days.
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Four years after winning power purchase agreements in the 2016 Chilean power auction, Irish developer Mainstream Renewable Power has closed the financing for the first and the second phase of its 1.3 GW Andes Renovables portfolio, leaving just one project still to finance.
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With two debt funds nearing final close, Global Infrastructure Partners has provided a $325 million secured term loan for Mexican power producer Saavi Energia.
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Statkraft’s Brazilian subsidiary is considering issuing debentures locally to fund the construction of its recently-announced 519 MW Ventos de Santa Eugênia wind project.
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A company established earlier this year with the aim of deploying cryptocurrency mining technology to solve power generators’ excess capacity problems is working on pilot projects after wrapping its seed funding.
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The refinancing of a pair of Arroyo Energy renewable projects in Chile is nearing financial close, after a six-month delay.
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More than three months after reaching financial close on a pair of renewable projects in Chile, OPDEnergy has received the proceeds of the loan.
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Statkraft’s Brazilian subsidiary has revealed plans to almost double the capacity of a two-phase wind farm it is developing in the country.
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A sixth financial institution is participating in the debt package for Mainstream Renewable Power's 630 MW second phase of its 1.3 GW Andes Renovables portfolio in Chile.
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AES Corp's Brazilian subsidiary AES Tietê is moving forward with the acquisition of a 420 MW wind portfolio from developer Casa dos Ventos.
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Brazilian state-owned hydro company Companhia Hidro-Elétrica do São Francisco is preparing to invest R$90.8 million ($16.16 million) to develop a hybrid wind-and-solar project in the Brazilian state of Bahia.
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EDF Renewables has lined up a tax equity investor for its first wind project in Nebraska.
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PFR can reveal the identities of the local law firms that worked on the acquisition by Iberdrola’s Brazilian subsidiary Neoenergia of a 400 MW wind portfolio in the country.
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ArcLight Capital Partners has joined the recent rush to launch special purpose acquisition companies, raising $250 million with ArcLight Clean Transition Corp.
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Brazilian-Italian firm BI Energia is moving forward with plans to develop a 624 MW offshore wind project in Brazil, after signing a protocol of intentions with the government of the state of Rio Grande do Norte.
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Brazil’s BNDES has inked a $100 million debt package from Japan Bank for International Cooperation (JBIC) to fund the construction of a wind portfolio.
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Brazilian power company Cemig has launched a request for proposals for wind projects that it intends to acquire to participate in the country's wholesale power market as well as power auctions scheduled for 2021.
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Saygin Oytan, who joined engineering consultancy Arup to lead its US offshore wind practice earlier this year, has left the company to take up a senior role at developer Vineyard Wind.
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Chilean sponsor Energy Focus is plotting the development of a 364 MW wind project in the country's O'Higgins region.
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Italian energy company Enel has begun the process of integrating its renewable energy businesses in Central and South America, other than in Chile, into its main Americas subsidiary, Enel Americas.
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Power purchase agreement counterparties come in all shapes and sizes these days, as evidenced over the past week, with deals announced involving a German consumer goods manufacturer, a community choice aggregator in California and a rural electric co-operative in Iowa.
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Japanese developer Eurus Energy has lined up financing for a 56 MW wind project in Baja California Sur, Mexico.
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Brazil’s state-owned power company Cemig is set to launch a request for proposals of wind projects to acquire in the coming days.
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AES Corp’s Chilean subsidiary, AES Gener, has signed a 10-year energy supply agreement with Teck Resources Limited’s Carmen de Andacollo (CdA) copper mine, the second deal between the two companies this year.
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Colombia's Isagen has awarded the EPC contract for what will be the country's second wind farm – a 20 MW project in La Guajira.
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Sempra Energy subsidiary IEnova has raised $800 million in the bond market with a 31-year offering that was priced on September 10.
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BP has entered into an agreement to supply Microsoft Corp with renewable power around the world.
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Ørsted has sealed a 10-year power purchase agreement with German consumer product maker Henkel for a portion of the output of a roughly 250 MW wind farm in Texas.
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Iowa wind developer RPM Access has signed a 20-year power purchase agreement with Central Iowa Power Cooperative (CIPCO) for the output of a wind farm in the state's Delaware County.
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Four years after a competitively-bid renewables auction in Chile, financings for projects that were awarded contracts continue to trickle through to financial close, with OPDEnergy among the last to cross the line.
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Brazil’s antitrust agency Cade has approved the acquisition by Omega Geração of a portfolio of wind assets from Eletrobras.
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Ecuador’s Ministry of Energy and Non-Renewable Natural Resources is planning a procurement process for 200 MW of renewable energy assets.
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Argentinian power company Central Puerto has issued $50 million in project bonds across two tranches to refinance the existing debt of two wind farms in the country.
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Power Finance & Risk is pleased to announce the winners of its 17th Annual Deals and Firms of the Year Awards for the most impressive renewable energy and power project sponsors, lenders, advisers, investors and transactions of 2019.
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Irish developer Mainstream Renewable Power has reached financial close on Huemul, the 630 MW second phase of its 1.3 GW Andes Renovables portfolio in Chile.
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DTE Energy has announced plans to increase the size of its solar portfolio tenfold by 2022, with the addition of 420 MW.
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Brazil's AES Tietê and chemical firm Unipar Carbocloro have launched a joint venture to develop a 155 MW wind project in the Brazilian state of Bahia.
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EDP Renewables has agreed to sell an 80% stake in a 563 MW US renewables portfolio to Canada's Connor, Clark & Lunn Infrastructure.
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Additional details have emerged on the financing for the 630 MW Huemul phase of Mainstream Renewable Power’s 1.3 GW Andes Renovables portfolio in Chile.
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Brazilian development bank BNDES has approved a R$37.5 million ($6.9 million) loan to wind turbine producer Aeris.
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Irish developer Mainstream Renewable Power has reached financial close for the second phase of its 1.3 GW Andes Renovables portfolio in Chile, the 630 MW Huemul portion.
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A consortium of South Korean investors has agreed to purchase a combined 49.9% stake in an 852 MW US wind portfolio that is majority-owned by Brookfield Renewable.
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Despite having accepted a binding offer of debt financing from a consortium of investors in March, Brazil’s Renova Energia is still receiving offers of debtor-in-possession financing for phase A of its flagship the Alto Sertão III wind complex.
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Verizon Communications has signed virtual power purchase agreements with Brookfield Renewable and First Solar for a combined total of 450 MW of renewable energy.
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For private placement investors, pandemic-related disruption created opportunities as well as headaches. To discuss this, PFR brought together a diverse panel to share their perspectives. Sponsored by Fitch Ratings and MUFG.
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The new administration in the Dominican Republic has announced plans to update the regulatory framework for renewable energy to create a more favorable environment for private investors.
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Verizon Communications has signed virtual power purchase agreements with Brookfield Renewable and First Solar for a combined total of 450 MW of renewable energy.
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France’s Voltalia has sold a 28 MW ready-to-build wind asset in Brazil to Japanese construction company TODA Corp.
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Iberdrola has signed a 15-year power purchase agreement with German pharmaceutical company Bayer's Mexican subsidiary.
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Brazil's Omega Geração has signed a binding agreement to acquire 50% stakes in two wind assets totaling 182.6 MW from EDF Renewables.
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Mainstream Renewable Power has appointed the company's CFO, Mary Quaney, as its new CEO following the resignation of Andy Kinsella.
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CenterPoint Energy's Indiana-based electric and gas utility, Southern Indiana Gas and Electric Co (SIGECO), is seeking 700 MW to 1,000 MW of solar or solar-plus-storage and 300 MW of wind generation in the Midcontinent Independent System Operator (MISO) market.
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Brookfield Renewable Partners and Hannon Armstrong Sustainable Infrastructure Capital both recently offered green bonds to debt investors in a range of tenors and currencies.
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The previously unnamed buyer of Apex Clean Energy's 500 MW White Mesa wind farm in Crockett County, Texas, has been identified.
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Engie Energia Chile has begun the permitting process for a 204.6 MW wind farm in Antofagasta that will be only its second wind farm in the country.
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AEP Renewables has acquired Invenergy's stakes in a pair of Texas wind farms that the two companies have co-owned for the past two years, in line with the terms of a repowering deal they struck in 2018.
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The unusual market dynamics created by the pandemic have thrown some interesting names into the rankings of leading power and renewables project finance lead arrangers in North America for the first half of 2020.
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Brazilian state-owned energy company Companhia Paranaense de Energia (Copel) has signed power purchase agreements with wind and solar projects totaling 595 MW.
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Irish developer Mainstream Renewable Power is nearing financial close for the second phase of its 1.3 GW Andes Renovables portfolio in Chile, which is penciled for this month.
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Andy Redinger and Dan Brown, managing directors at KeyBanc Capital Markets, discuss the surge in demand for US renewable energy assets and what global investors need to consider when evaluating opportunities in this sector.
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AES Gener has begun the permitting process for an 862.5 MW project that will combine wind and solar technology in Chile’s Antofagasta region.
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Spain's OPDEnergy has reached financial close on a wind farm and a solar project in Chile, bringing to an end a process that began in November of last year.
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The US Federal Energy Regulatory Commission has approved a build-transfer deal for NextEra Energy Resources' 200 MW Crowned Ridge II wind project in South Dakota.
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EDF Renewables has hired former Avangrid capital investment manager Sarah Malik.
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AES Tietê has acquired J. Malucelli Energia's 187 MW wind project portfolio for R$650 million ($122.2 million).
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Brazil’s Renova Energia has received a binding offer for the acquisition of phase B of its Alto Sertão III wind complex from Brazilian private equity firm Prisma Capital.
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JLL has hired Mike Bammel as managing director and national head of the renewable energy valuation team within its valuation advisory business in Los Angeles.
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Gregory Wolf, the former CEO of Leeward Renewable Energy, passed away on August 3. He was 50.
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After calling off a drop-down of the 419 MW Mesquite Star wind farm in Texas at the end of 2019, Clearway Energy has reversed course and agreed to buy the equity stake on new terms.
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Ares Management Corp's 525 MW Aviator wind farm in Texas had to navigate some Covid-related turbulence, but the private equity firm was ultimately able bring on board a pair of very different buyers and land the deal safely last month.
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Greenbacker Renewable Energy has agreed to acquire an eight-year-old operational wind project in Iowa from its original developer.
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Apex Clean Energy has signed a power purchase agreement with Facebook for roughly 170 MW from a 300 MW wind project in Illinois.
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Mitsubishi Corp's offshore wind subsidiary Diamond Offshore Wind has formed a joint venture with RWE Renewables to build a 12 MW floating offshore wind project 12 miles off coastal Maine.
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Northern Indiana Public Service Co has sealed tax equity financing for the 102 MW Rosewater wind farm in White County, Indiana.
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Voltalia is building a fourth wind farm in its Brazilian cluster of Serra Branca in the state of Rio Grande do Norte.
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American Electric Power's retail energy subsidiary AEP Energy Partners has launched a request for proposals for wind and solar generation within PJM Interconnection.
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Kayne Anderson Capital Advisors has launched Kayne Anderson Renewable Infrastructure Fund, an open-ended mutual fund that will target companies that own, operate, and develop renewable energy assets.
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Hydro-Québec's Isabelle Bedard has been seconded to Innergex Renewable Energy as a finance and M&A director as part of strategic alliance between the two companies.
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Brazilian renewable energy company Omega Geração has signed a binding offer to acquire a portfolio of wind farms totaling 582.8 MW from state-controlled Eletrobras.
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Brazilian-Italian company BI Energia is a step closer to building one of the first offshore wind farms in Brazil.
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In July, PFR brought together CoBank's Brian Goldstein, Matthew Wade of IFM Investors, Clearway Energy Group's Johana Afenjar and Sean Yovan from Innergex Renewable Energy to look back on a tumultuous - and memorable - six months in the Midyear Review 2020 roundtable.
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Michigan-based utility holding company CMS Energy has surfaced as the buyer of the 51% share of Ares Management Corp's 525 MW Aviator wind farm in Coke County, Texas.
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Bankers, developers, and institutional investors expect activity in power and renewable energy assets in Mexico to pick up in the fall after a pause brought about by the combined impact of the pandemic and political, regulatory and legal uncertainty.
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Chile's National Oil Company (ENAP) and Pecket Energy, a subsidiary of engineering firm Ingeniería Civil Vicente, are aiming to bring a 10.35 MW wind farm online in the country's southernmost region in August.
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Canadian independent power producer Capital Power has appointed a new CFO as it rejiggers its senior management team.
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Ecuadorian generator Elecaustro is moving forward with the development of a 50 MW wind farm in the province of Loja after securing finance from a development finance institution.
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Norway's state-owned power company Statkraft has signed an agreement to supply Norwegian fish food producer Skretting's operations in Chile with renewable energy.
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Avangrid Renewables has agreed to divest an 85% interest in its 155 MW Tatanka Ridge wind farm, which is under construction in Deuel County, South Dakota.
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Financial advisory firm Pi Capital has hired experienced structured finance banker Susana Vivares as its builds out a new renewable energy and sustainable infrastructure unit.
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RBC Capital Markets has brought in Jonathan Cheng in New York to bolster its tax equity team.
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The states of New York and New Jersey both made multiple-gigawatt offshore wind procurement announcements in the past week, as the sponsors behind previously awarded projects press on through a rough regulatory environment.
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EDF Renewables and a joint venture between 174 Power Global and KOMIPO America have each won a power purchase agreement from NV Energy for a solar-plus-storage project in Clark County, Nevada.
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Credit Suisse and Zions Bancorp have committed debt funding to DE Shaw Renewable Investments.
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Developers of gas-fired and wind projects were united in their fury and dismay last year when Ohio’s House of Representatives passed House Bill 6 – the state’s nuclear and coal bail-out bill. The recent bribery allegations only add fuel to the sense of righteous indignation.
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The Home Depot has committed to buying 335 MW from renewable and alternative energy projects by 2025 in its 2020 Responsibility Report.
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Bravos Energía has pressed pause on its private power auction in Mexico, which was previously expected to come to an end by late May, while it tries to gauge the interest of prospective bidders.
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Spain's oil and gas company Repsol has acquired a 50% stake in a portfolio of Chilean wind and solar assets through a joint venture with Grupo Ibereólica Renovables.
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The New Jersey Board of Public Utilities has issued draft guidance for its second offshore wind solicitaiton, through which it intends to procure up to 2.4 GW
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Despite obstacles caused by the Covid-19 pandemic, France's EDF Renewables and Spain's Grupo Ibereólica reached financial close in June on the refinancing and expansion of a jointly-owned operatonal wind project in Chile – albeit not in the form the deal was initially expected to take.
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German renewable energy start-up Energy Kitchen is developing the second phase of a pair of wind farms totaling 33.6 MW in the Chilean region of Los Lagos.
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Apex Clean Energy has unveiled another corporate offtaker for its 500 MW White Mesa wind farm in Crockett County, Texas, which is expected online next year.
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Brazilian wind developer Casa dos Ventos has closed a long-term power purchase agreement with South America’s largest battery producer, Grupo Moura.
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Several renewable energy and thermal power project developers made use of federal Paycheck Protection Program funding earlier this year, according to data released by the US Department of the Treasury on July 6.
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The financial and legal advisers that helped facilitate Innergex Renewable Energy's recent acquisition of a six-project Terna Energy wind portfolio in Elmore County, Idaho, have come to light.
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Copenhagen Infrastructure Partners has secured a hedge for a solar project it is developing in Ercot.
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New details have emerged on the size and beneficiaries of IDB Invest's credit line for Chilean power companies impacted by last year's power price freeze.
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US-based asset manager Castlelake plans to invest up to R5 billion ($926.8 million) in renewables in Brazil over the next five years through newly founded Brazilian subsidiary Ibitu Energia.
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BP has struck a deal to acquire a 50% stake in a wind farm in Indiana.
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Food producer Cargill has signed a 10-year power purchase agreement with Brazil’s Omega Energia.
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PacifiCorp has issued the largest request for renewable resource proposals in the company's history.
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Since the novel coronavirus crashed into the US economy in March, the project finance market seems, for now at least, to have settled into a new groove. But while loan margins have widened versus the exuberant pre-pandemic days, some officials still suspect that the market—especially for renewable energy—may be overheated.
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Japanese utility holding company Kansai Electric Power Co has signed a deal to acquire a minority stake in the Aviator Wind project in Texas, marking its first investment in US renewable energy.
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Laurie Coben has left Evercore, where she led the power and utilities investment banking business as senior managing director, for a new job at rival Guggenheim Securities in New York.
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Quinbrook Infrastructure Partners has hired two senior officials with experience in power marketing and origination.
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Renewables developer ConnectGEN has hired NextEra Energy veteran Andrew Kushner as its new CFO, after the previous holder of the position left the company.
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PacifiCorp has issued the largest request for renewable resource proposals in the company's history.
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Terra-Gen raised almost $300 million in debt last week for a California wind portfolio repowering.
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The Public Utility Commission of Texas has rejected a portion of Invenergy's 1,485 MW North Central wind complex in Oklahoma, though the portfolio is set to move ahead anyway thanks to a contingency plan.
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Pattern Energy has financed two US wind farms with debt from a trio of banks.
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Renewable energy attorney Danielle Varnell has joined Bracewell's power practice in Washington, DC, as a partner, having previously worked at Jones Day.
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AES Solutions Management has launched a 1 GW request for proposals for carbon-free generation assets in PJM Interconnection, with expressions of interest due on Friday, June 26.
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In November 2019, Engie and Tokyo Gas reached financial close on the largest renewable portfolio in Mexico with government power purchase agreements. Seven months later, the assets are endangered by a raft of government policies, supposedly in response to the Covid-19 pandemic, but widely viewed as political.
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AES Solutions Management has launched a 1 GW request for proposals for carbon-free generation assets in PJM Interconnection, with expressions of interest due on Friday, June 26.
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IEnova and Saavi Energia are approaching financial close on their jointly developed 108 MW Sierra Juárez II wind farm in Baja California, northern Mexico.
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Enel Green Power's Chilean subsidiary is moving forward with the development of the country's first hybrid wind and solar project.
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After denouncing Mexico's policy on permits for renewable energy projects in May, Mexico's competition authority Cofece has argued that it is unconstitutional in a lawsuit filed before the Supreme Court aimed at overturning the measure.
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German renewable energy start-up Energy Kitchen is adding a 95.2 MW wind project with a battery storage system to its Chilean wind pipeline while it works on three other smaller-scale projects in the country.
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Enel Green Power North America has secured power purchase agreements for a 199 MW expansion of its 400 MW Cimarron Bend wind farm in Clark County, Kansas.
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Energia Sustentável do Brasil, a consortium of investors that owns the 3.75 GW Jirau hydro project in Brazil, has launched an auction for wind and solar generation.
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Australian fund manager AMP Capital has promoted its global head of infrastructure equity – Boe Pahari – to the position of CEO.
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Indiana utility Vectren has proposed a renewable energy and gas-fired power procurement to offset generation from coal plant retirements as part of its Integrated Resource Plan.
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As Pacific Gas & Electric’s bankruptcy proceedings appear to roll inexorably toward resolution, owners of power and renewable energy projects tied to the utility through power purchase agreements are beginning to indulge in pleasant thoughts of a return to normal for their project finance arrangements.
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German renewable energy start-up Energy Kitchen is developing a pair of wind farms totaling 33.6 MW in Chile's southern lake district.
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Copenhagen Infrastructure Partners has reached first close on its fourth vintage fund with commitments totaling €1.5 billion ($1.69 billion).
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Zona Energía's private auction in Chile will benefit from a reform that bans Chile's power distribution companies from selling power to large consumers known as clientes libres or free clients.
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Pattern Energy Group has acquired a development-stage wind portfolio in New Mexico from Orion Renewable Energy Group and MAP Energy.
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Indiana utility Vectren has proposed a renewable energy and gas-fired power procurement to offset generation from coal plant retirements as part of its Integrated Resource Plan.
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Finnish renewables developer Taaleri Energia has closed construction debt, tax equity and cash equity financing for its 336 MW Truscott Gilliland East Wind project located in Knox County, Texas.
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Petrobras and Wobben Windpower have entered the binding phase of the sale process of two jointly-owned wind assets in Brazil.
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Salt River Project (SRP) has recently launched a 500 MW request for information for wind generation while Santee Cooper has launched a request for proposals for 500 MW of solar.
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Mexico's Business Coordinating Council has hit back at transmission fee hikes by state-owned utility Comisión Federal de Electricidad (CFE), describing the policy as “illegal and inadmissible” and "indefensible."
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Software company Intuit has emerged as one of several non-utility offtakers for Clearway Energy Group's 419 MW Mesquite Star wind farm in Fisher County, Texas.
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Argentinian developer Central Puerto has begun selling generation from a wind project in Tucumán province to Swedish auto company Scania under a long-term power purchase agreement.
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Chile’s economic development agency Corfo is launching a $39 million credit line for renewable energy and energy efficiency projects in the country.
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The Brazilian subsidiary of Chinese company CGN Energy plans to invest R$1 billion ($201.52 million) in the construction of a seven-phase wind project in the country.
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The Inter-American Development Bank is arranging a $280 million debt package for Ecuador to diversify and improve the country’s energy matrix and boost renewable energy sources.
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There were signs even before the outbreak of the Covid-19 pandemic that the dynamic of the market for renewable energy assets had shifted in favor of buyers, and the recent flurry of sale processes kicking off despite travel restrictions and lockdowns will have done nothing to tip the scales in the other direction
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Quinbrook Infrastructure Partners has hired a new director of origination who will be based in Austin.
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Eleven weeks after bankers and fund managers left Midtown Manhattan for coronavirus lockdown at home, the pace of activity in power and renewable energy finance in the US seems as hectic as ever. Indeed, disruption to the capital markets has created more work for some borrowers and unique opportunities for lenders.
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Spain's OPDEnergy is nearing financial close on a pair of renewable energy assets in Chile, a process that began in November 2019.
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The refinancing of a pair of Arroyo Energy renewable energy projects in Chile that was supposed to close in early April has still not been launched into syndication as due diligence continues.
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Spain’s Elawan Energy has inked an agreement with Brazil’s Secretariat of Economic Development (SDE) to develop a 16 MW wind farm in the Brazilian state of Bahia.
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Pacific Hydro, a renewable energy company with assets in Australia, Chile and Brazil, is looking to refinance corporate debt with a roughly $400 million loan.
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Colombian power producer Isagén is plotting the development of its first wind farm in the country, which would be Colombia's largest to date.
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Greenpeace and the Mexican Center for Environmental Law (CEMDA) have secured a temporary suspension of policies introduced by Mexican grid operator Cenace and the Secretariat of Energy (SENER) that threaten to delay the interconnection of renewable energy projects in the country.
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Spain's Acciona is developing a 43.2 MW wind farm in the Chilean region of La Araucanía – its seventh project in the country.
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Grupo Bimbo has signed 15-year power purchase agreements with Argentinian developer Genneia to buy generation from three of its wind farms.
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EDF has received the green light to acquire up to 600 MW of wind projects in Brazil from developer PEC Energy, a subsidiary of Grupo Engeform.
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Developers in Argentina have faced an inhospitable project finance market since 2018, but the country's leading wind developer Genneia has managed to finance no fewer than nine wind projects in the past two years, using creative structures including the company's first ECA-backed corporate loan.
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Desert Community Energy, a community choice aggregator serving Palm Springs, Palm Desert and Cathedral City in California, has launched a request for proposals for renewable energy projects.
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The Louisiana Public Service Commission has approved a portion of the build-transfer deal for Invenergy’s 1,485 MW North Central Energy Facilities wind complex in Oklahoma.
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A seasoned infrstructure investment official left Caisse de dépôt et placement du Québec (CDPQ) earlier this month to set up his own shop in Mexico City.
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Brazilian technology company Tivit has signed a contract to purchase power from Casa dos Ventos’ 504 MW Rio do Vento wind project in the Brazilian state of Rio Grande do Norte.
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While the big procurement news this week was the announcement of the winners in Pacific Gas & Electric’s latest round of battery storage procurement (see story, page 1), there were also several developments involving less high profile offtakers—municipalities and universities.
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Connecticut’s two regulated electric utilities, Eversource Energy and United Illuminating, have negotiated a power purchase agreement for the 804 MW Park City offshore wind project being developed by Vineyard Wind.
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German developer Notus Energy is working on a 168 MW wind farm in the Chilean region of Biobío.
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Spain's Grenergy Renovables is planning to sell a five-project portfolio of solar projects totaling 52 MW in Chile.
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A team of project development and finance professionals in Canada has left Saturn Power to set up a new venture under the auspices of offshore energy services company BW Group.
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Potentia Renewables, the wind and solar subsidiary of Power Corp of Canada, is bringing in seasoned project originator Matt Langley to lead its expansion into the US.
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Engie has signed loans with Brazilian development bank BNDES to finance the construction of two projects in Brazil, a wind farm and a transmission line.
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A group of renewable energy developers in Mexico have won a legal reprieve against grid operator Cenace' suspension of interconnections for wind and solar projects.
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Southern Power has completed its acquisition of a 90% stake in the 56.2 MW Beech Ridge II project in West Virginia from Invenergy.
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Grupo Ibereólica and EDF Energies Nouvelles are nearing financial close on the refinancing and expansion of a jointly owned wind asset in Chile.
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Clearway Energy Group has priced a tap of a series of high yield green bonds that mature in 2028.
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EIG Global Energy Partners has reached final close at $1.1 billion on its EIG Global Project Fund V (GPF V), well in excess of its $750 million target.
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Mexico's Secretariat of Energy (SENER) has officially announced a measure to limit the development of renewable projects in the country, prompting a backlash from industry groups.
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Potentia Renewables has signed a deal to acquire a 67 MW portfolio of operational wind and solar assets in Canada from Dream Asset Management, after acquiring all of the Canadian renewable energy assets held in Dream's alternatives fund last year.
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Grupo Ibereólica and Global Power Generation, a subsidiary of Spain's Naturgy Energy Group, has mandated a commercial bank to structure a loan for a 204 MW wind project in Chile.
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Wind-focused developer Scout Clean Energy recently appointed Andrew Young as COO and Mark Guzman as director for power origination.
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AES Corp's Panamanian subsidiary has acquired an operational 55 MW wind farm in the country from Goldwind Americas.
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Windmill Capital Management, a firm based in Menlo Park, California, is raising a debt fund to finance commercial and industrial-scale clean energy projects.
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While Mexico's power sector grapples with the country's power pandemic policy, the Secretariat of Energy (SENER) plans a new measure that could further harm renewables.
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The Arkansas Public Service Commission (APSC) has approved a portion of the build-transfer deal for Invenergy’s 1,485 MW North Central Energy Facilities wind complex in Oklahoma.
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AES Tietê – the Brazilian subsidiary of AES Corp – is planning an M&A sprint in the country for operational assets as well as wind and solar projects under development.
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The lenders and tax equity investor have been revealed for a recently financed wind repowering project in California.
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TerraForm Power has closed a $246 million private placement to refinance a wind project in Illinois.
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An energy infrastructure fund manager is preparing to receive bids in the auction of an operational wind farm in Texas.
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NextEra Energy Resources has filed for regulatory approval of a build-transfer deal covering half of a 400 MW wind farm in South Dakota.
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Invenergy has hired Jesse Campbell, the former CFO of Suzlon Wind Energy Corp, as vice president for corporate finance.
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Mexico's competition authority, Cofece, has denounced grid operator Cenace's suspension of the interconnection of renewable energy projects as an unclear, unfair policy that is harmful to future investments.
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An alternative investment firm has appointed a financial adviser to market a contracted wind repowering project in California.
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Southern California Edison has signed battery storage contracts for a mixture of standalone and co-located projects totaling 770 MW in California in one of the largest energy storage procurements yet in the US.
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Renewables developers racing to qualify their projects for federal tax credits ahead of looming deadlines could receive an extension in light of recent pandemic-related construction delays, according to a May 7 letter from the US Department of the Treasury.
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Construction has begun on two projects with Northern Indiana Public Service Co power purchase agreements, while a third being developed under a build-transfer deal with the utility has received regulatory approval.
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Irish developer Mainstream Renewable Power has signed contracts for transmission work to interconnect its 630.2 MW Huemul wind and solar portfolio in Chile to the grid.
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Québec-based developer and independent power producer Innergex has added a new member to its US origination team.
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A tax equity specialist who recently joined Silverpeak Renewables Investment Partners is no longer with the firm.
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