Consultants
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Charles River Associates, the financial and management consultants, has expanded its US energy practice by hiring Christine Oumansour as vice president.
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Kane Kiester has joined sustainable energy consulting group Insight Energy as vice president of energy procurement and management, based out of Louisville, Kentucky.
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Some of the power finance world’s fresher faces gathered at CohnReznick Capital’s offices in New York’s Credit Lyonnais Building on Oct. 12 for Juniors in Energy Finance's inaugural “30 Under 30” presentation event.
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A San Francisco-based renewables-focused private equity firm has acquired a portfolio of community solar projects in Massachusetts and financed it with a project bond and tax equity.
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Solar and Property Assessed Clean Energy (PACE) experts at the IMN Green Investing Conference on Thursday noted that both markets will see more participation as issuance accelerates and the sectors become more sophisticated.
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Five Massachusetts electric distribution companies have issued a request for proposals for renewable projects in the state, with a view to signing 15- to 20-year contracts for over 1 GW of generation and associated renewable energy certificates.
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Despite their companies taking a beating in the stock market, representatives of some of the leading publicly traded residential solar companies attending the Infocast Solar Power Finance & Investment Summit were keen to stress that they still have access to the capital markets.
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Homer City Generation, a GE Capital subsidiary that owns a 1,884 MW three-unit coal-fired plant in Indiana County, Pa., filed for a pre-packaged restructuring under Chapter 11 on Jan. 11.
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GE Capital's Homer City coal-fired project in Indiana County, Pa., has filed for a pre-packaged restructuring under Chapter 11, as expected.
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Homer City Generation, a GE Capital subsidiary that owns a 1,884 MW three-unit coal-fired plant in Indiana County, Pa., has reached an agreement with its bondholders regarding a “comprehensive financial restructuring plan” as it prepares to file for bankruptcy this week.
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SolarCity has raised $241 million for a distributed solar portfolio with its third levered cash equity transaction.
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This week’s Industry Current, written by Jim Heidell, Ethan Paterno and Mark Repsher, consultants at PA Consulting Group, focuses on Mexico's emergent capacity markets, unraveling the complexities and the opportunities they represent.
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Speakers and attendees at the 20th Annual Platts Mexican Energy Conference on Nov. 14 expressed surprise at the speed and success of reforms to the energy market, but warned that some of the renewables projects that won contracts in the country’s first two power auctions may not materialize.
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A biomass project in Copenhagen that aims to entice tourists to stroll amid a forest of hanging tree trunks won an international architecture award this month.
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Falvez Energy, a wind project sponsor founded by a former banker and a real estate and data center entrepreneur in 2014, has obtained tax equity commitments from two lenders for a merchant wind project.
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In this week’s Industry Current, Bernays ‘Buz’ Barclay, managing partner at Rimon P.C. and senior adviser to Marathon Capital, calls on the power industry to engage with blockchain technology.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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In this week’s Industry Current, Salem Esber, a Denver-based energy markets expert at London-headquartered PA Consulting Group, considers whether the publicly-traded model is right for U.S. independent power producers.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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As global financial markets reeled in the wake of the U.K.’s historic vote to leave the European Union, it was business as usual for much of the American project finance community.
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PwC recently carried out a survey of U.S.-headquartered companies regarding their approach to procuring energy, and George Favaloro, an m.d. at the accountancy, tax and advisory firm, was on hand at the REFF Wall Street conference in New York to share the results.
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Non-utility offtakers signed contracts for about 3.4 GW of renewables last year, but long tenors are still putting some off and regulated markets still present challenges, said panelists at the REFF Wall Street conference in New York on June 21.
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Allianz Risk Transfer, with the help of several partners, has created a novel hedge product to protect wind projects against the risks of intermittent wind resources, which deal watchers say could have a major impact on the market.
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Boralex and two co-owners of a pair of wind farms in Québec have refinanced the assets with a C$617.5 million debt package. The two projects are located about 40 miles north of Québec City and total 727 MW.
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A subsidiary of Southern Power is acquiring a wind project that was previously set to be acquired by SunEdison from Quantum Utility Generation.
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Clean Line Energy is talking to banks about raising between $2 billion to $2.5 billion for construction of its Plains & Eastern Clean Line transmission project from the Oklahoma Panhandle to Memphis, Tenn.
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CohnReznick Capital Markets Securities has made three hires to its renewable energy team in New York.
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DTE Electric has completed the acquisition of a 350 MW gas-fired peaking facility in East China Township, Mich., from a non-regulated subsidiary of DTE Energy, DTE East China.
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Alterra Power Corp. is acquiring four hydroelectric projects from Sigma Engineering. The small-scale hydro projects range from 10 MW to 15 MW and all sit along the Toba Montrose transmission line in British Columbia.
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The causes and consequences of the recent yield company turmoil, the impact of the Clean Power Plan and hopes to resurrect the production tax credit were all topics of conversation at the American Wind Energy Association Wind Energy Finance and Investment Seminar in at the Roosevelt Hotel in New York.
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Obama has set the first ever federal limits on U.S. power plant carbon emissions in a move that is expected to lead to a deluge of renewables projects.
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Apex Clean Energy has appointed a former executive at NextEra Energy to head up a new office it is preparing to open on the West Coast.
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In this exclusive interview with PFR, Mona Dajani, a partner at Baker & McKenzie’s banking and finance group sheds light on how the ongoing transformation of the power industry is driving corporate restructuring in the context of industry consolidation, and a potential uptick in M&A activity.
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Yield companies are set to circumvent the challenge of new competition if the Master Limited Partnerships Parity Act, recently reintroduced by Delaware and Kansas senators Chris Coons and Jerry Moran, passes muster.
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Oak Creek Renewable Energy is in talks with investors to secure equity investments in the third phase of its roughly 400 MW Tres Mesas wind farm in Tamaulipas, Mexico.
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NRG Yield has priced $539 million of shares and $250 million of five-year convertible bonds to raise capital for funding acquisitions and retiring outstanding debt.
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While the renewabels market is seeing high levels of liquidity, yieldcos are capitalizing on declining costs of capital for shovel-ready and operating projects, according to panelists at the 12th Renewable Energy Finance Forum Wall Street conference in New York today.
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PSEG Power's acquisition of Genesis Power and Ares EIF Management's 755 MW Keys Energy Center has led to the collapse of a debt financing deal backing the CCGT project, just when it was on the brink of closure.
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Affiliates of 8minutenergy Renewables and D.E. Shaw Renewable Investments are set to wrap a $160 million deal backing the 133 MW Springbok solar project in Kern County, Calif., this week.
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At least three large utilities are coming to market this week against the backdrop of an expected rise in short-term interest rates during the fourth quarter.
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SunPower is embarking on its first residential solar ABS deal slated for a launch in Q1'16 and led by bookrunners thought to be Citigroup or Credit Suisse.
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In this exclusive, David Giordano, managing director at BlackRock discusses the company’s role in M&A transactions, the benefits of its partnership with EDF Renewable Energy, its burgeoning interest in greenfield renewable project investments, and the risks facing project finance players in parts of Latin America.
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Bank of America Merrill Lynch has appointed Brad Hutchinson from Barclays as co-head of the Americas energy investment banking group in Houston.
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The Tennessee Valley Authority aims to issue up to $1 billion by issuing power bonds after summer, partly to finance a portion of two CCGT projects totaling 1.7 GW.
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AES Corp. will evaluate its options for up to 3 GW of unregulated generation in Ohio once more clarity emerges on PJM’s capacity performance proposal.
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Stockholm-based Skanska's U.S. affiliate has started operations in Pittsburgh with local maven Geoffrey Murken leading its energy and infra operations, as the company ponders over a bid for NTE Energy's 525 MW Middletown facility in Ohio.
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A SCANA subsidiary is prepping for an RFP aimed at contracting at least 50% of 84 MW in planned solar capacity from utility-scale facilities in South Carolina.
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Manchester, Mass.-based Clean Energy Future is offloading an equity stake in its 800 MW Lordstown combined-cycle gas-fired facility in Ohio.
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In the second installment of this PFR exclusive, Michael Allison, senior managing director at Macquarie's renewables group discusses his views on the potential for yieldcos coming to market, challenges involved in securing tax equity investments and more.
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SolarCity, partnering with Bank of America Merrill Lynch, is in talks with regional banks for enrollment in a renewable tax equity investment program announced on May 28.
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EDP Renewables North America and JPMorgan may stalk additional tax equity investors for the 99 MW Rising Tree III wind project in Kern County, Calif.
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SolarCity has hired former Goldman Sachs executive Radford Small as a member of its executive leadership. .
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Michael Allison, senior managing director of Macquarie Capital’s renewables group, sat down with Managing Editor Nischinta Amarnath to discuss the bank’s approach to clients, M&A transactions and capital markets activities. In the first instalment of this exclusive, Allison also offers insights into the bank’s measures to minimize the risks involved in providing development capital for renewable projects.
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Keith Martin, partner at Chadbourne & Parke expounds the framework laid out by the IRS for companies aiming to operate as master limited partnerships.
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SolarCity is considering multiple ABS issuances in 2015, Marco Krapels, senior v.p. of structured finance and strategy at SolarCity, says in the second instalment of this PFR exclusive by Senior Reporter Olivia Feld.
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RET Capital, which is eyeing more wind financing deals, has bolstered its origination team with the hire of a former Wells Fargo director.
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Atlantic Power is considering upsizing its seven-year $600 million term loan B to pay down a portion of roughly $316 million in outstanding convertible debentures.
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SunEdison has tapped four banks as bookrunners for an IPO of its emerging markets yield company.
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SolarCity is at the nucleus of asset class growth activity even as a trio of M&A deals have made their way into the market.
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SolarCity has secured $500 million in revolvers from Bank of America Merrill Lynch, Credit Suisse and Deutsche Bank for distributed solar.
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The San Mateo, Calif.-based pioneer of asset-backed rooftop solar securities continues exploring new financial structures under its latest hire, Marco Krapels, senior v.p. of structured finance and strategy. In the first instalment of this PFR exclusive, Krapels spoke to Senior Reporter Olivia Feld about SolarCity’s expansion plans and asset class growth.
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Solar developer Cypress Creek Renewables has tapped Allan Riska, formerly senior manager in project finance at SunEdison, as director of its project finance group.
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Reno, Nev.-based geothermal shop Ormat Technologies has sold a 36.75% stake in its holding co. affiliate, ORPD to Toronto-based Northleaf Capital Partners for $162.3 million.
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Greg Leveto, formerly a v.p. of hard asset trading at Goldman Sachs, is joining Deutsche Bank AG as a director in the transportation, infrastructure and energy finance group.
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Pattern Energy Group Inc. has acquired a 77% stake in a 150 MW wind farm that features Amazon Web Services as the offtaker in a $127 million deal with its parent company.
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Cheniere Energy is planning to add two additional trains at one of its LNG export projects, and plans to finance these trains in 2017.
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Xcel Energy is eyeing an acquisition of the 200 MW Courtenay wind farm near Jamestown, N.D., from Geronimo Energy.
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A subsidiary of Osaka Gas is making its first investment in a merchant facility through its purchase of a 25% stake in the 725 MW St. Charles CCGT project in Maryland from Marubeni Power International.
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This week’s Industry Current is written by Chadbourne & Parke attorneys David Jiménez Romaro and Javier Félix Muñoz from Mexico City, and Raquel Bierzwinsky from New York. The authors examine the evolving regulatory framework for geothermal exploration and production in Mexico.
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London-based private equity shop Terra Firma Capital Partners is placing its U.S. affiliate EverPower Wind for sale, and has hired Bank of America Merrill Lynch as an advisor.
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Developers and financiers are actively planning securitizations for portfolios of solar installations, according to panelists at the Information Management Network’s 3rd Annual Sunshine Backed Bonds conference in New York on April 30 and May 1.
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Alliant Energy Corporate Services is inviting bids to contract up to 200 MW of wind projects across Iowa.
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First Solar and SunPower's joint yield company 8point3 Energy Partners is planning to close its IPO around June 8. 2015, with Goldman Sachs and Citigroup as book runners and advisors.
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Western Energy Partners is looking to raise debt for its 750 MW Clean Path project near Waterflow, N.M. after it secures a long-term offtake contract.
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Niska Gas Storage, an affiliate of Riverstone and Carlyle, is conducting a strategic evaluation that involves a potential sale of the company.
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Freeport LNG has clinched a $4.56 billion deal in senior debt and mezzanine financing backing its third LNG train near Freeport, Texas.
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A peregrine falcon dubbed Houdini may be the answer to the perennial bird-versus-wind turbine controversy.
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With about 800 MW of wind trades grabbing the spotlight this week, this week has seen a spate of M&A activities in the wind space.
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GBM Infrastructure and a Goldman Sachs affiliate have acquired 148.5 MW in two phases of the Tres Mesas wind project in Mexico from Oak Creek Energy Systems.
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BlackRock is taking a 90% stake in a pair of wind farms totaling 80 MW in Iowa from wind developer RPM Access.
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