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Renewables business Primary Energy has closed its $178 million platform refinancing led by Apterra Infrastructure Capital, PFR has learned.
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Power transition and infrastructure-focused real assets investment firm, Elda River Capital Management, has joined battery storage developer Spearmint Energy’s $200 million credit facility.
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Cowboy Clean Fuels (CCF) has closed a $13 million series B financing led by Machan Investments to support its renewable natural gas production technology.
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Peak Energy, a US-based energy storage company, has secured $55 million to launch production of its sodium-ion battery technology.
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LevelTen has finalised a $65 million series D funding led by B Capital in order to branch into new markets, such as clean hydrogen.
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US-based solar PV company SolarEdge Technologies has sold an extra $37.2 million in 2.25% convertible senior notes due 2029 to Goldman Sachs & Co.
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Distributed generation solar developer Spruce Power Holding Corporation secured a $130 million non-recourse debt facility from global investment manager Barings.
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Clean fuels technology company Aether Fuels has secured $34 million in Series A financing from a syndicate of global investors.
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Mitsubishi Heavy Industries and Export Development Canada are some of the latest investors in a $31 million Series A2 financing for energy storage company e-Zinc.
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Low-emission fuels producer ClearSky Global has inked a $168 million investment from a private ESG-focused investment group.
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MUFG has joined several other major investors in sustainable aviation fuel producer LanzaJet’s $100 million growth equity funding round.
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Cerberus Capital Management has invested $315.5 million in Eos Energy Enterprises, a manufacturer of zinc-based long duration energy storage systems.
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Hannon Armstrong Sustainable Infrastructure Capital (HASI) has priced its private offering of $700 million in aggregate principal amount of 6.375% green senior unsecured notes due 2034.
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Corporación Interamericana para el Financiamiento de Infraestructura (Cifi) has issued a series of green bonds totalling $10 million to finance renewable projects in Latin America.
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Several large energy developers have become investors in tax credit transfer platform Crux Climate through a $18.2 million Series A funding round.
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Blackstone-owned energy storage business Aypa Power is set to close a $650 million pre-Notice to Proceed development facility, PFR has learned.
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Washington-based Puget Sound Energy (PSE) has closed on the sale of its $800 million schedule A and B senior notes.
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Export Development Canada (EDC) has led a $136 million equity financing for FLO, a North American EV charging hardware and software provider.
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Swift Solar has closed a $27 million Series A financing round led by Eni and Fontinalis Partners for advanced solar panel manufacturing.
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Equatorial Energia has requested 2 loans totalling up to $250 million from the International Finance Corporation (IFC).
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One Energy Enterprises has sold additional shares of its Series A convertible preferred stock, bringing the company’s fundraising to more than $35 million.
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Argentine power generator Grupo Albanesi, through its subsidiaries Generación Mediterránea and Central Térmica Roca, is planning to issue bonds in the local market.
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Energy-as-a-service provider Redaptive has extended its warehouse facility to $250 million as it looks to grow its solar, HVAC, LED, and other sustainability projects.
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Geothermal technology company XGS Energy has closed a $20 million Series A financing led by Valo Ventures and VoLo Earth Ventures.
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ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) is planning to issue R$1 billion ($198m) in debentures in Brazil.
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Investment firm Carlyle has formed a partnership with Sungage Financial and purchased $450 million in newly issued residential solar loans from the company.
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Energy giant AES has issued $950 million aggregate notes due 2055 at 7.6% to fund the development or redevelopment of clean power projects.
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Wisconsin Electric Power Company will issue $350 million 5% debentures due 15 May 2029.
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One Energy and special purpose acquisition company (SPAC) TortoiseEcofin Acquisition Corp III have filed with the Securities & Exchange Commission to merge ahead of being publicly traded as One Power Company.
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GE Vernova has recommended its shareholders ignore TRC Capital Investment’s mini tender offer of $155 per share for 0.4% of the company's outstanding shares.
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Massachusetts-based Electric Hydrogen has inked a $100 million corporate financing led by HSBC to grow its production of 100MW electrolyser plants.
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Southern Company has issued $1.1 billion in convertible senior unsecured notes due 15 June 2027 via a private placement.
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Comvest Credit Partners has provided a $70 million senior credit facility to Nationwide Energy Partners (NEP) to pay off debt and develop utility infrastructure projects.
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Zanskar has closed $30 million in a Series B funding round led by Obvious Ventures to scale its AI and data-based platform used for discovering geothermal energy resources.
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Hitachi Energy has invested more than $100 million alongside Investissement Quebec to upgrade and modernise its power transformer factory in Varennes and other facilities in Montreal.
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Green Energy Park has raised $30 million in series A funding that will help support the company’s Piauí green hydrogen project in Brazil.
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Pine Gate Renewables has closed a $650 million investment round led by Generate Capital, the Healthcare of Ontario Pension Plan (HOOPP), and HESTA.
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Duke Energy has sold an aggregate principal amount of $177.3 million Series A storm recovery bonds to fund transmission repairs caused from major storms, PFR has learned.
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GA Drilling, a deep geothermal company, has closed $15 million in financing from several investors to scale its geothermal technologies.
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Southwest Gas has closed on its near $300 million initial public offering (IPO) of subsidiary Centuri Holdings.
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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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Power generation company Engie Energía Chile has issued $500 million in green bonds on international markets.
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Brazilian power generator Eneva will issue R$2.5 billion ($475 million) in debentures to refinance assets.
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KKR Infrastructure Conglomerate (K-Infra) and its subsidiaries have signed a $150 million revolving credit facility that allows the company to borrow up to $1 billion.
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Arcadia, a utility data and community solar platform, has closed a $50 million investment round led by a Macquire Asset Management fund to support its community solar program in the US.
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Community solar developer Nexamp has secured a $520 million investment led by Manulife Investment Management to fund its over 2GW project pipeline in the US.
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New Rise Renewables has launched its 3,200 barrel-per-day renewable sustainable aviation fuel (SAF) facility in Nevada.
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Engie Energía Chile has commenced a cash tender offer for any outstanding 4.5% notes due in 2025, totalling $350 million.
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Enbridge subsidiaries Enbridge Energy Partners and Spectra Energy Partners have closed on their offering of $3.5 billion in senior notes, PFR has learned.
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Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.
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Chevron New Energies (CNE) has led a $45 million Series A financing for ION Clean Energy, a carbon capture technology company.
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Eletrobras has approved its fifth issuance of non-convertible unsecured debentures, aiming to raise up to R$3.5 billion ($696.4m).
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Canadian Solar subsidiary Recurrent Energy has secured a €110 million ($120m) multi-currency facility from a consortium of banks led by Investec to support its solar and storage project pipeline in Canada, the US, and abroad.
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Public Services Company of New Mexico (PNM) and its subsidiaries, PNM Resources and Texas-New Mexico Power Company (TNMP), have entered extended 3 revolving credit facilities, PFR has learned.
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Renewable fuels company Raven SR has closed $15 million in an investment round led by Ascent Funds to grow its production of synthetic fuels, hydrogen, and sustainable aviation fuel (SAF).
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Natural gas utility Atmos Energy has entered into 2 revolving credit facilities totaling $3 billion, PFR has learned.
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Solar and storage developer MN8 has closed a private placement at $325 million from Mercuria Energy Group and Ridgewood Infrastructure to grow its US pipeline of solar, storage, and electric vehicle (EV) charging projects.
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Brazilian development bank BNDES and the French Development Agency (AFD) have signed an agreement to raise around R$1 billion ($200m) for green and sustainable infrastructure projects in the legal Amazon, North and Northeast regions of Brazil.
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Renew Energy Partners has completed financing on its fourth investment vehicle, Renew Energy Efficiency Projects 4 (EEP4), and signed a master revolving loan and security agreement with Mitsubishi.
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Utility-scale battery storage developer Lightshift has received $100 million in investments from 2 of Greenbacker Capital Management's sustainability and infrastructure-focused investment vehicles.
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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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Aemetis, a renewable natural gas (RNG) and fuels company, has been approved by the US Citizenship and Immigration Services (USCIS) for a $200 million EB-5 investment program for several RNG projects.
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SunPower has fallen foul of Nasdaq listing rules amid debt restructuring caused by higher than expected losses in 2023.
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Cheniere Energy has closed the sale of a $1.5 billion aggregate principal senior notes offering, PFR has learned.
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Renewable developer Serena Energia (formerly Omega Energia) is planning a secondary share offering in Brazil.
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Reformed Energy is to receive a strategic investment from Riot Platforms to fully commercialise its waste-to-energy technology.
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Nuclear power plant operator Constellation Energy has offered $900 million in green senior notes due 15 March, 2054, PFR has learned.
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Sustainable aviation fuel (SAF) producer XCF Global Capital has agreed to combine with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition.
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The Development Bank of Latin America and the Caribbean (CAF) has obtained a $100 million credit line extension co-financed by the Japan Bank for International Cooperation (JBIC).
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Quaise Energy has secured $21 million in series A1 funding led by Purdue Ventures and Safar Partners to expand its deep geothermal energy operations.
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Brazilian development bank BNDES and the Asian Infrastructure Bank (AIIB) have signed an MoU to deepen cooperation on providing sustainable finance in Brazil.
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Utility-scale solar and energy storage development company Redeux Energy Partners is seeking investors to buy a minority stake as a corporate-level equity capital raise, PFR has learned.
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Alliant Energy’s Wisconsin Utility, the Wisconsin Power and Light Company (WPL), is offering $300 million aggregate principal amount of 5.375% debentures.
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New Fortress Energy will offer $500 million aggregate principal senior secured notes due 2029 via private offering.
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The Government of Canada has closed its second green bond issuance, a C$4 billion ($2.9 billion) 10-year green bond, becoming the first sovereign borrower to issue a green bond that includes nuclear expenditures.
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Geothermal development and technology company Fervo has raised $244 million in funding led by shale oil and gas business Devon Energy.
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Renewable real estate investment fund SolaREIT has secured an additional $30 million in revolving credit from Atlantic Union Bank.
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The power generation arm of YPF, YPF Luz, is planning to issue up to $60 million in bonds in Argentina.
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Blackstone-owned Tallgrass Energy Partners will offer $400 million aggregate principal amount of senior secured notes due 2029 in a private placement.
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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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Construction giant Kajima has invested in a Canadian geothermal energy technology company, Eavor Technologies.
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Battery manufacturer Ascend Elements has raised $162 million in equity investments from Just Climate, Clearvision Ventures, and IRONGREY.
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Residential solar company SunPower has raised $175 million as it plans to mitigate threats of default with long-term financial changes.
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National Fuel Gas Company (NFG) has entered a multi-bank $300 million unsecured term loan credit facility, PFR has learned.
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Cemig-D, the Brazilian utility’s distribution business, is planning to issue R$2 billion ($402 million) in bonds on 15 February 2024.
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NextEra Energy led a $36 million investment round in Avnos, a startup developing a novel hybrid direct air capture (HDAC) technology for carbon dioxide removal.
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Brookfield Asset Management (BAM) has raised $10 billion at first close of its second energy transition fund with a fundraising target of $17 billion.
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Spire is offering $350 million in 5.3% senior notes due 2026 to help fund the acquisition of the MoGas and Omega pipeline systems.
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Argentine power generator Albanesi Energía is planning to issue bonds in the local market, scheduled for 14 February 2024.
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Generate Capital closed its latest capital raise, with new investments totalling $1.5 billion, last week (31 January).
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Midstream power company NGL Energy Partners has closed on a $2.9 billion refinancing.
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Residential solar company SunPower has received waiver extensions from its lenders and $20 million from its majority shareholders as it plans to mitigate threats of default with long-term financial changes.
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Clean energy tax credit transfer platform Crux has closed a $18.2 million series A funding led by venture capital firm Andreessen Horowitz.
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Midstream power company NGL Energy Partners has increased its senior secured notes offering to $2.2 billion.
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Actis-backed power generation company Valia Energía has issued $530 million in project bonds in Mexico.
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Capricorn Investment Group, the $9 billion investor, has made a minority investment in sustainability-focused private equity firm SER Capital Partners.
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Power company Grupo Energisa has launched a R$2 billion ($405 million) share offering in Brazil.
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Canadian Solar subsidiary and global solar and storage developer, Recurrent Energy, has secured a $500 million preferred equity investment from a fund managed by BlackRock’s climate infrastructure business.
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Chile’s Inversiones Latin America Power (ILAP) has successfully completed its Chapter 11 restructuring process.
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Power company Grupo Energisa is preparing a potential R$2 billion ($405 million) share offering in Brazil.
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E-fuel company INERATEC has closed a $129 million Series B funding to launch its industrial-scale technology production for projects across the US and abroad.
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Colombian oil and gas company Ecopetrol has raised $1.85 billion in bonds that will be used to mainly refinance existing notes.
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Hannon Armstrong Sustainable Infrastructure Capital (HASI) has doubled its additional 2027 green senior unsecured notes in aggregate principal of 8% to $200 million.
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Independent power producer (IPP) Pathway Power has entered a $25 million growth capital partnership with Tokyo-based independent renewables business Renova.
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Brookfield Renewable has issued C$400 million (US$298.5 million) of medium-term loans to pay for future green investments and repay indebtedness incurred in previous ventures.
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Hannon Armstrong Sustainable Infrastructure Capital (HASI), will privately offer $100 million in aggregate principal of 8% green senior unsecured notes.
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Point-of-sale finance firm Sunlight Financial has named current chief operating officer (COO) Timothy Parsons as the company’s new chief executive.
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Renewable developer BrightNight has closed a $375 million corporate credit facility to complete the development of its US solar, energy storage, and integrated technologies portfolio.
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Southwest Gas Holdings has appointed William “Bill” Fehrman as president and chief executive of Centuri Group, effective January 12, 2024.
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Hull Street Energy has closed on a $160 million credit facility to finance its 855 MW Milepost Power Texas portfolio, Mesquite Generation.
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Natural gas marketer ARM Energy Services and Rabobank have increased the revolving credit capacity on a senior secured credit facility by an additional $50 million to $160 million.
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IDB Invest has agreed to provide long-term financing to Air-e to support the company’s distribution services in Colombia.
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A consortium including Sunstone Credit, IGS Ventures, and an affiliate of Greenbacker Capital Management, have closed on the acquisition of residential solar lender Sunlight Financial Holdings following its Chapter 11 restructuring.
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Small modular nuclear reactor and fuel business X-Energy Reactor Company (X-energy) has completed a $80 million Series C financing round.
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Mammoth Energy Services subsidiary Cobra Acquisitions will transfer around $54.4 million of its outstanding receivables with the Puerto Rico Electric Power Authority (PREPA) to the SPCP Group for $46.3 million.
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Investment firm Hannon Armstrong Sustainable Infrastructure (HASI) will hold a private offering of $500 million in green senior notes to develop green energy projects.
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Renewables developer energyRe has raised a $1.2 billion capital package to develop and construct its 10.5GW solar, wind, and storage portfolio, as well as 500 miles of transmission.
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Utility-scale energy storage developer Malta has closed a funding round with investors from Siemens Energy Ventures and Alfa Laval, as well as existing shareholders, to grow its long-duration solar production and development.
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NextEra Energy Partners, will privately offer $750 million of senior unsecured notes due 2029 via its direct subsidiary, NextEra Energy Operating Partners (NEP OpCo).
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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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Clean power provider Suntuity Renewables and special purpose acquisition corporation (SPAC) Beard Energy Transition Acquisition (BRD) have mutually agreed to terminate their merger to take Suntuity public.
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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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Mainstream Renewable Power has completed the restructuring of its Chilean subsidiaries, Condor Energía and Huemul Energía following a months-long process.
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Colombian infrastructure company Interconexión Eléctrica SA (ISA) has secured an up to COP$500 million ($124 million) loan.
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Community solar and battery project developer PureSky Energy has closed a 3-year $150 million revolving credit facility with Nomura to fund its interconnection projects and grow its acquisition pipeline.
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DSD Renewables has received a $250 million strategic investment from Cox Enterprises.
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Renewables developer Madison Energy Infrastructure (MEI) has closed a $450 million debt financing from a club of seven banks to develop and deployment of its commercial and industrial (C&I) projects.
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Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities, has closed on a $200 million facility from private equity giant Blackstone.
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Suncor is offering C$1.468 billion ($1.5 billion) in unsecured senior notes to fund its acquisition of TotalEnergies Canada.
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Colombian energy company Grupo Energía Bogotá (GEB) has issued a $400 million green bond, the first such bond issued by a Colombian company on the international market.
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Sunnova Energy has secured a $244 million securitization for its Hestia I solar project, which includes the development of 587MW of distributed generation energy resources (DERs) and associated software in Puerto Rico.
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Chesapeake Utilities is looking to raise $330 million through a common stock offering to help fund its Florida City Gas acquisition, expected to close in the fourth quarter of 2023.
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Electricity utility Eletrobras and Brazilian development bank BNDES have agreed on a restructuring of the debts of hydro firm Santo Antônio Energia (SAESA) – an indirect subsidiary of Eletrobras.
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Durham, North Carolina-based Strata Clean Energy has closed a $300 million revolving loan and letter of credit facility to develop its 17GW pipeline of solar and storage projects.
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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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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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Battery storage system manufacturer CMBlu Energy has secured $106.7 million in financing from STRABAG, the Austrian construction and infrastructure technology group.
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Utility-scale solar and storage developer Palladium Energy has closed on a $10 million corporate equity investment from energy transition and decarbonization private investment firm Ultra Capital.
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Brazilian power company Energisa is issuing bonds for up to R$1.837 billion ($364 million) to finance energy infrastructure projects across Brazil.
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Energy transition private equity firm Hull Street Energy has made a strategic investment in distributed generation solar development company Greenskies Clean Focus.
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