Current
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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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Brazilian firm Equatorial Energia has signed a sales and purchase agreement with the state of Rio Grande do Sul to acquire electric distribution company CEEE-D.
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Herbert Smith Freehills (HSF) has appointed Edward Dougherty as co-head of its Latin America practice.
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Spanish developer Solarpack has secured environmental approval for a 9 MW solar project in the Chilean region of Antofagasta.
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A BlackRock climate infrastructure fund has secured $250 million in commitments at first close as it seeks to invest in Latin America and other emerging markets.
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The government of the Brazilian state of Ceará has signed agreements with two different sponsors to develop an offshore wind farm and green hydrogen projects in the region.
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Two financial institutions have arranged a $100 million debt package to develop a cogeneration plant in Brazil owned by sugar and ethanol firm São Martinho.
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Santander's former head of structured finance in Mexico City is moving to Miami for a new role at a project finance lender and advisory firm.
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Ember Infrastructure has appointed two vice presidents who are joining the firm from Global Infrastructure Partners (GIP).
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New York-based Crayhill Capital Management has launched a renewable energy equity investment platform and appointed two Silicon Ranch Corp financiers to lead it.
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Antin Infrastructure Partners has appointed Chris Slavin as principal of investor relations based in New York.
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Greengate Power Corp has started construction and secured a corporate offtaker for what it says will be the largest solar project in Canada.
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Verdant MicroGrid, a Washington state-based microgrid developer, has inked a $150 million financing partnership with Blackstone Credit portfolio company ClearGen, to support the buildout of renewable energy microgrids in the US.
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A subsidiary of Leeward Renewable Energy has issued up to $375 million in an unsecured bond offering to refinance its outstanding debt, which includes a bridge facility used to acquire solar assets back in March.
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Osaka Gas USA and Summit Ridge Energy (SRE) have entered into a joint venture to develop a portfolio of solar assets in Maine.
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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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Centaurus Renewable Energy has reached financial close on a $70 million bridge loan for a solar-plus-storage project in New Mexico.
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The New Jersey Board of Public Utilities (NJBPU) has awarded two contracts totaling 2,658 MW to the Atlantic Shores Offshore Wind project, which is owned by a joint venture between EDF Renewables and Shell New Energies US, and to Ørsted’s Ocean Wind II project.
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Three senior executives at Kayne Anderson Capital Advisors have left the firm to launch a renewables investment platform, and are planning to take a North Carolina solar project with them.
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BNDES has announced the winning bidder in the privatization of Amapá's state electricity company, Companhia de Eletricidade do Amapá (CEA).
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Partners Group has agreed to acquire a controlling stake in a US-based solar-plus-storage platform.
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Spain’s Repsol Energy has reached financial close on its acquisition of a 40% stake in the utility-scale solar and battery storage developer Hecate Energy.
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LS Power has completed its acquisition of the 365 MW Solar Source portfolio from PSEG Power.
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BlackRock’s Global Energy & Power Infrastructure Fund I has launched a sale process for a 240 MW contracted gas-fired cogeneration plant in California.
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Enel's Latin American subsidiaries are making separate moves to merge some of their affiliates in Chile as well as to consolidate the Enel-owned businesses in Colombia into one single company.
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Spanish firm Ferrovial has secured environmental approval for a transmission project in the Chilean region of Coquimbo.
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AES Corp's Chilean subsidiary, AES Andes, has modified an agreement it signed with Chile's Ministry of Energy to shutter coal-fired assets in the country in order to include an additional 1,097 MW of retirements.
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Spanish infrastructure firm and engineering, procurement and construction contractor Obrascón Huarte Lain (OHL) has rebranded as OHLA as it commemorates its 110th anniversary after a long path of restructurings.
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Colombia’s Mines and Energy Planning Unit (UPME) has selected a winning bidder for the country’s first battery storage system, concluding a tender process that was launched in January.
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Brazilian utility Cemig Geração e Transmissão has announced that it will hold a procurement process to buy wind and solar power through the country's free market this summer.
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Catamaran Renewables, a joint venture launched last summer between Captona and South Jersey Industries (SJI) subsidiary Marina Energy, has acquired its third fuel cell project.
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Israeli independent power producer Enlight Renewable Energy has agreed to acquire a majority interest in US solar and storage developer Clēnera.
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The Bureau of Ocean Energy Management (BOEM) is launching an environmental review of Dominion Energy's 2.6 GW Coastal Virginia Offshore Wind (CVOW) project off the coast of Virginia Beach.
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Developers aiming to qualify their renewable energy projects for federal tax credits will have an extra year to do so, after the Internal Revenue Service granted a deadline extension on June 29 to account for pandemic-related construction delays.
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A vice president at CohnReznick Capital has joined the renewables project finance team at a Canadian investment bank.
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Dominican utility company Empresa Generadora de Electricidad Haina (EGE Haina) has brought online a 120 MW (DC) solar park in the Dominican Republic.
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Two vice presidents in Goldman Sachs' renewable power group have headed to a Morgan Stanley-backed impact investment platform, where they will lead a new renewables investment division.
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Colombia has launched the country’s third renewable auction, which will take place before October 31 of this year.
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Iberdrola’s Brazilian subsidiary, Neoenergia, has signed a memorandum of understanding (MoU) with Brazil’s Pernambuco state government to develop a green hydrogen pilot project.
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McGuireWoods has recruited an M&A partner in Houston who previously held senior roles at power and renewables project developers such as NRG Energy and Panda Power Funds.
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LS Power has wrapped a $108 million debt package for a portfolio of lithium-ion battery projects located in California.
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An Ares Management Corp-backed renewables developer has sold a 90 MW portfolio of landfill gas-to-energy projects spread across seven US states to a private market fund manager.
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US-based renewables developer Participant Energy has begun construction on a 14.7 MW solar complex in Honduras, which will be the largest privately-owned solar asset in the country.
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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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El Salvador's president has revealed plans to power Bitcoin mining operations in the country using geothermal energy produced by volcanoes, shortly after El Salvador became the first country in the world to adopt Bitcoin as legal tender.
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Aypa Power, which was previously known as Canadian energy storage platform NRstor C&I before it was bought and rebranded by Blackstone Energy Partners in 2020, has recruited an M&A director from AES Corp.
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Enel Green Power's Brazilian subsidiary, Enel Green Power Brasil Participações, has brought online its largest wind project globally, totaling 716 MW in the state of Piauí.
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Paul Hastings has launched an energy transition and infrastructure team which will be based in Houston and New York.
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Voya Investment Management, the asset management business of Voya Financial, has reached first close on an infrastructure debt fund that is focused on renewables project financing.
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Invenergy has secured construction financing for the second phase of a massive 1.3 GW solar project in Texas.
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A pair of investors has closed acquisition financing to support their purchase of the Canadian operations of Brookfield Infrastructrure Partners' district energy business, Enwave Energy.
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Czech solar developer Solek has received environmental approval for a 10.64 MW (DC) solar project in Chile.
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Highview Enlasa, a joint venture between British energy storage firm Highview Power and backup power specialist Energia Latina (Enlasa), is developing the first liquid air energy storage facility in Chile.
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The Brazilian subsidiaries of Norwegian state-owned company Statkraft have agreed to develop wind farms in the state of Bahia.
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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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Clearway Energy Group is planning to take first round bids over the coming weeks for the sale of its district energy business.
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Solar and energy storage developer Intersect Power ?is preparing to launch a debt raise to support its development-stage project pipeline.
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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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Ecuador's Ministry of Energy and Non-renewable Natural Resources, which is led by minister Juan Carlos Bermeo, has appointed a deputy minister for power and renewables.
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A consortium of investors led by InterEnergy Group has purchased a 670 MW gas-fired project in Panama, which has been in the works for the better part of the last decade.
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Several term loan B deals trading in PJM Interconnection have taken a dip after clearing prices from the highly anticipated Base Residual Auction (BRA) for delivery year 2022/2023 were announced. But deal watchers say that this is unlikely to have a significant impact on revenues in the long run.
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The Brazilian senate is planning to vote imminently on the proposed sale of Eletrobras.
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Greenbacker Renewable Energy has bought a pair of pre-operational solar projects totaling 20 MW in South Dakota.
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Law firm O’Melveny has hired four energy-focused attorneys from Thompson & Knight as it looks to expand its footprint in Texas.
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Basalt Infrastructure Partners has completed the sale of its Michigan-based electric utility, Upper Peninsula Power Company (Uppco).
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Citigroup's global co-head of infrastructure has left the firm for an opportunity at Antin Infrastructure Partners.
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Norway's state-owned power company Statkraft has received environmental approval to develop a transmission project that will interconnect with a roughly 100 MW portfolio of wind farms in Chile.
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LS Power subsidiary CPower Energy Management has disclosed its demand response capacity results from PJM Interconnection's Base Residual Auction for delivery year 2022/2023.
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7X Energy has sold a 130 MW solar project in Texas to a Korean power company.
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A consortium of investors led by MPC Caribbean Clean Energy has agreed to purchase an operational solar park in the Dominican Republic.
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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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Ares Management Corp has struck a deal to take ownership of a financially troubled gas-fired combined-cycle power plant in PJM Interconnection ?which was financed with a debt package that is due to mature six months from now.
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A subsidiary of Spanish conglomerate Activos en Renta Grupo Corporativo (AR) has secured environmental approval for a 471.29 MW (DC) solar project in the Chilean region of Antofagasta.
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Longroad Energy has refinanced a 27 MW portfolio of commercial and industrial-scale solar projects spread across several US states.
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Brazil’s national development bank BNDES has approved a debt package to support the development of a 68 MW solar park in the state of Piaui, which will be part of a hybrid complex.
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Leeward Renewable Energy has hired a chief operating officer from a Canadian gas distribution company.
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MPC Energy Solutions has agreed to acquire a combined-heat-and-power plant that is under construction in Puerto Rico.
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Quinbrook Infrastructure Partners has recruited a managing director from BlackRock to lead a newly launched team that is focused on investment strategies in renewable power and industrial decarbonization.
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Power producer YPF Luz has brought online the second phase of a 175 MW wind farm in Buenos Aires, Argentina.
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Bakken Energy has partnered with Mitsubishi Power Americas in an effort to acquire the only coal-to-synthetic natural gas production facility in the US and redevelop it as a clean hydrogen hub.
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Atlas Renewable Energy has tapped Spanish firm Elecnor to build a solar park in the Brazilian state of Minas Gerais.
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A Blackstone Credit portfolio company has appointed a CEO who last worked at The Carlyle Group's subsidiary Cogentrix Energy Power Management.
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A managing director in Crédit Agricole's project finance team, who has spent over a decade at the bank, has left for an opportunity at another bank.
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DTE Energy has shuttered one of its last remaining coal plants as it looks to transition away from the fuel source.
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Vistra has reported its results from PJM Interconnection's Base Residual Auction for delivery year 2022/2023.
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A principal at Capital Dynamics has joined an infrastructure start-up that is backed by Google's parent company, Alphabet as well as the Ontario Teachers' Pension Plan.
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Actis has promoted two directors to partner within its global energy infrastructure team.
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Ørsted has secured an offtaker for a 103 MW wind farm in South Dakota.
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Warburg Pincus-backed distributed generation and microgrid start-up Scale Microgrid Solutions (SMS) has bought a distributed microgrid system located in Connecticut.
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CoBank's recently appointed head of project finance, who succeeded Brian Goldstein in April, has left the bank.
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NV Energy is planning to add 600 MW of solar and 480 MWh of energy storage in Nevada as part of its triennial Integrated Resource Plan.
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Greenberg Traurig has appointed a global co-head of its energy project finance practice in Washington, DC.
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SunEast Renewables has found a buyer for a pair of co-located distributed solar projects in Maryland.
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The Inter-American Development Bank (IDB) has approved a $50 million loan to support Chile’s decarbonization strategy.
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Listed US Solar Fund has refinanced a solar portfolio at a less aggressive leverage ratio with the proceeds of a $132 million equity raise as well as a debt package from a regional bank.
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After two years of delays due to uncertainty over the Minimum Offer Price Rule (MOPR), PJM Interconnection has finally concluded its Base Residual Auction (BRA) for delivery year 2022/2023, although the results of the highly anticipated auction have fallen short of market participants' expectations.
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Telecommunications company Claro Brasil has agreed to procure 25 MW (DC) of distributed solar generation in Brazil.
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Colombia’s Mines and Energy Planning Unit (UPME) has awarded a contract for a substation and related transmission lines in the department of Antioquia, after launching a tender in February.
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Laura Beane, the former president and CEO of Avangrid Renewables who joined Engie North America as chief renewables officer last year, has left the company for a new opportunity.
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Catalyst Power Holdings, a portfolio company of BP Energy Partners, has struck a deal to acquire a New York-based energy retailer, marking its second such deal this year.
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Colombia’s Mines and Energy Planning Unit (UPME) is planning to launch two separate procurement processes for a pair of substations and related transmission lines in the country.
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ECP (Energy Capital Partners) has acquired a commercial and community solar developer based in Colorado.
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Telecommunications firm TIM has partnered with Faro Energy to develop 15 small-scale solar projects in Brazil.
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An equity raise is underway for a utility-scale solar and energy storage developer based in Utah.
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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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Eco Wave Power has signed a memorandum of understanding (MoU) with Brazil's Pecém Complex to install a wave power station at Pecém Port in the state of Ceará.
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An Indiana-based coal mine owner and operator is planning to develop up to 1 GW of renewables-powered generation near the site of a coal mine that is retiring in the next couple of years.
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PSEG Power has shuttered the last coal-fired power plant in its fleet, marking the completion of its long-term coal exit strategy.
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A buyer has emerged for a natural gas pipeline and storage developer based in the Northeastern US, following a competitive auction process.
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BP has agreed to acquire about 9 GW of development-stage solar projects spread across 12 US states from 7X Energy.
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Chilean developer Biwo Renewables has begun the permitting process for a 5.1 MW solar project – the sixth small-scale facility that it has started working on this year.
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Orrick has recruited a tax attorney from Kirkland & Ellis as it expands its renewable energy finance practice.
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Chile's Lo Barnechea municipality in Santiago has inked a power contract for a portion of the output of the 210 MW Cerro Dominador concentrated solar thermal project in the Atacama desert.
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Brazil’s Petrobras has sold its interest in the 26 MW Mangue Seco 2 wind farm to the Tradener Group's FIP Pirineus fund.
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NordLB's Sondra Martinez, CohnReznick Capital's Conor McKenna, Convergent Energy + Power's Frank Genova and Kirkland & Ellis's Brian Greene discuss the latest developments in the energy storage market.
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Engie Energia Chile has signed a three-year extension to its existing supply agreement with copper and gold mining company Minera HMC.
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UK-based investment firm VH Global Sustainable Energy Opportunities (GSEO), which went public in January, has agreed to finance a distributed generation solar portfolio in Brazil.
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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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Public Service Company of New Mexico (PNM) has launched two requests for proposals, which collectively seek up to 700 MW of generation by June 1, 2023.
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Global Infrastructure Partners is seeking a buyer for its minority stake in the 15 mtpa Freeport LNG export facility on Quintana Island, near Freeport, Texas.
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Spain's EDP Renewables has agreed to buy a 628 MW wind and solar portfolio in Chile, marking its entrance into the Chilean market.
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Venture Global LNG is planning to install carbon capture and sequestration (CCS) equipment at two at of its liquified natural gas facilities in Louisiana.
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Ørsted has secured an offtaker for a 103 MW wind farm in South Dakota.
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Citi's former North American head of commodities finance and credit solutions is taking up a new role at a Durham, North Carolina-based holding company focused on the energy transition.
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D.E. Shaw Renewable Investments (DESRI) has closed a $200 million debt package for a solar project in Illinois.
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The UK's Amber Infrastructure Group has expanded the scope of its US activities with the launch of Circle Power Renewables, a developer focused on solar, wind and battery storage projects.
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SB Energy, the renewables division of SoftBank, has clinched construction debt and tax equity financing for a pair of solar projects located in California.
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Developer Eurus Energy America has reached financial close on a roughly 80 MW portfolio of PMGD (Pequeños Medios de Generación Distribuida) solar projects in Chile.
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Spanish firm Solarpack has begun the permitting process for a 9 MW solar project in Chile's Tarapacá region.
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Brazil's Omega Energia has inked a 10-year supply agreement with German pharmaceutical company Bayer.
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Banverde, a Mexican investment fund focused on commercial and industrial rooftop solar projects, has secured a $57 million syndicated credit facility to support the acquisition of small-scale solar assets in the country.
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The sponsor of the 2.7 GW Westlands Solar Park (WSP) in California has secured debt and tax equity financing for the project's first phase.
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The Biden administration has identified areas off California's central and northern coasts for the development of offshore wind projects and is preparing to lease them out in an auction targeted for mid-2022.
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A director in Bank of America's Global Sustainable Finance Group and a vice president at Orion Energy Partners have joined the energy team at Blackstone Credit.
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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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Ormat Technologies has agreed to acquire a portfolio of operational and development-stage geothermal assets in Nevada and an associated transmission line from Terra-Gen.
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Hull Street Energy has struck a deal to acquire Foundation Solar Partners (FSP), the solar development firm set up by three former Cypress Creek Renewables officials two years ago.
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Blackstone Credit portfolio company ClearGen has committed up to $500 million to a joint venture focused on developing behind-the-meter renewable energy microgrids.
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Quinbrook Infrastructure Partners portfolio company Primergy Solar has secured an offtaker for a 155 MW solar project in Colorado.
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Cubico Sustainable Investments has sold two wind farms in Brazil to AES Brasil, the local subsidiary of AES Corp.
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Independent power producer Sonnedix and Cox Energy América, the Latin America subsidiary of Cox Energy, have closed a $120 million financing for a solar project in Chile.
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Energy Capital Partners (ECP) has established a strategic partnership with Hana Financial Investment, a subsidiary of Korea's Hana Financial Group, which will deploy up to $300 million in infrastructure investments across North America, Europe and other OECD countries.
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David Daly, the president of New Jersey's largest electric utility, Public Service Electric & Gas (PSE&G), is retiring at the end of this year.
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The California Public Utilities Commission has issued two proposals, both of which would require utilities in the state to procure at least 11.5 GW of new generation between 2023 and 2026.
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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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Capital Dynamics has hired a director from NextEra Energy Resources.
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The Department of Energy's Loan Programs Office has recruited a senior financier from Standard Solar.
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Brazil's National Bank for Economic and Social Development (BNDES) is arranging financing for what is being touted as the largest solar complex under construction in Latin America.
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The sale of Eletrobras has moved a step closer to the finish line, thanks to a bill to privatize the power utility passing in the lower senate house on May 19.
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Blackstone Energy Partners has appointed a senior adviser from engineering and construction firm Bechtel.
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Washington-based electric utility Puget Sound Energy is preparing to hire a new CFO from another electric utility, and who had previously spent 20 years at AES Corp.
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Stonepeak Infrastructure Partners has completed the sale of its RED-Rochester district energy system in New York state to SDCL Energy Efficiency Income Trust.
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Brazos Electric Power Cooperative has secured US Bankruptcy Court approval to access the first tranche of a proposed $350 million debtor-in-possession (DIP) financing package.
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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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Exelon Generation has secured a $150 million non-recourse debt financing for a simple-cycle, dual-fuel peaking power plant in Massachusetts.
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BlackRock Real Assets' solar development platform Distributed Solar Development (DSD) has secured tax equity financing for its pipeline of distributed generation solar projects.
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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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Sidley Austin has hired a veteran tax partner focused on renewable energy and infrastructure projects.
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Grupo Renovatio has signed its second power purchase agreement under Colombia’s first private power auction.
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Canada Infrastructure Bank (CIB) has agreed to invest up to C$170 million in what is anticipated to be the largest energy storage project in the country.
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Spanish developer Grenergy Renovables has begun the permitting process for a 200 MW solar project in the Chilean region of Tarapacá.
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Brazilian power regulator Aneel has approved the two power auctions that are expected to take place on June 25.
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EnCap Investments-backed utility-scale solar developer Solar Proponent has hired a new chief operating officer who previously worked at First Solar.
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John Laing's board of directors has agreed on the terms of KKR & Co’s proposed acquisition of the company, while Equitix has emerged as a 50% partner in the takeover bid.
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Clearway Energy Group has reached financial close on an over $195 million debt package for its Community Solar Fund 7.
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A boutique West Coast law firm has recruited six attorneys and a chief operating officer from a range of rival law firms, an electric utility and a solar panel manufacturer.
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Matrix Renewables, a portfolio company of private equity firm TPG, has secured a debt package from the investment arm of the Inter-American Development Bank to finance three solar projects in Colombia.
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Don Marchand, the executive vice president and CFO of Canadian pipeline operator TC Energy, is retiring after 27 years with the company.
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Brazilian state-owned energy company Companhia Paranaense de Energia (Copel) has acquired 373.7 MW of wind projects from the local subsidiary of French firm Voltalia, as it works toward increasing its renewable capacity in the country.
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547 Energy, a renewable and clean energy investment portfolio company of Quantum Energy Partners, has hired a managing director from EDP Renewables.
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Stonepeak Infrastructure Partners has agreed to invest up to $750 million in an electric vehicle charging and transportation joint venture with Nuvve Holding Corp, a Californian EV-charging business that recently went public via a SPAC merger.
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JREL Solar has sold a portfolio of PMGD (Pequeños Medios de Generación Distribuida) projects totaling 45 MW (DC) in Chile.
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McGuireWoods has recruited three renewable energy project finance and private equity attorneys from DLA Piper.
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Brazil's national development bank BNDES has announced that an auction will take place on June 18 for Companhia de Eletricidade do Amapá (CEA), an energy distributor in the country's northern Amapa State.
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Los Angeles-based investment bank Houlihan Lokey has appointed a new co-head to lead its Power & Utilities Group.
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Leyline Renewable Capital has hired two senior project finance professionals from NordLB and EDP Renewables, amid the departure of a PF director from the firm.
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Onyx Renewable Partners has hired a project finance vice president who previously worked at True Green Capital Management.
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A recently launched biomass joint venture between Ember Infrastructure Partners and ReEnergy Biomass Operations has agreed to buy passive interests in a biomass facility in Georgia.
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German renewables developer Plan 8 has begun the permitting process for a 248 MW wind farm in the Chilean region of Ñuble.
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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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Canadian pipeline operator TC Energy has expanded a request for information that it issued in April for wind capacity to power its US assets, to include solar and energy storage projects as well.
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The Chilean subsidiary of AES Corp has found a new buyer for its 50% stake in the 764 MW Guacolda coal-fired power plant in Atacama.
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Chilean renewables developer Latin America Power has secured a four-year power purchase agreement with a mining company for a pair of wind farms totaling 231 MW.
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San Francisco-based Generate Capital has clinched a tax equity commitment and a power purchase agreement with Starbucks for a portfolio of community solar projects in New York state.
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Commercial and industrial-scale solar developer Altus Power has appointed a new chief legal officer.
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Citi has formed a new investment banking group focused on the clean energy transition and appointed two senior bankers to lead it, according to an internal memo seen by PFR.
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AES Dominicana, a subsidiary of AES Corp, has brought online a 50 MW solar park ?– its first renewable project in the Dominican Republic.
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Engie's Peruvian subsidiary has hired Spanish firm Abengoa to develop the transmission infrastructure that will connect a 260 MW wind farm to Peru’s national grid.
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AES Corp is aiming to replicate a "landmark, first-of-its-kind" power purchase agreement with Google, in line with the internet giant’s 24/7 carbon-free strategy, and which it says has attracted interest from a number of corporate clients across the US.
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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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Spain's Repsol Energy has made its debut in the US renewables market with a deal to acquire a 40% stake in utility-scale solar and battery storage project developer Hecate Energy.
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California community choice aggregator Clean Power Alliance has signed a power purchase agreement for the full output of a geothermal project in the state.
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Ben Fowke, who has served as Xcel Energy's chaiman and CEO for over a decade, is retiring on August 18.
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Rubicon Capital Advisors' former managing director and general counsel, Sonia McMillan, has joined a specialist infrastructure fund manager in New York.
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Robert Sternthal, the former head of North America at Rubicon Capital Advisors, has re-emerged in a new role at an investment bank that is planning to staff up its renewables team and expand its coverage of the sector.
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Engie's Chilean subsidiary has begun the permitting process for a 199.2 MW solar project in Santiago’s Metropolitan region.
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Chile's Ministry of Energy has delayed the procurement process for the Kimal-Lo Aguirre transmission project, which will connect the north and the center of the country's grid.
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AES Brasil has received clearance from Brazil's Administrative Council for Economic Defense to purchase a 231.3 MW wind portfolio in the country.
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A private equity-backed Californian developer has sealed financing for a portfolio of biomass generation facilities in the US and Canada.
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Bids are due this summer for the sale of American Electric Power's utility subsidiary Kentucky Power.
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The state of Massachusetts has announced a 1.6 GW offshore wind tender.
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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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The CFO of battery storage developer and independent power producer Key Capture Energy has left the firm, and a senior investment banker has been brought in to act as interim CFO.
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Norwegian conglomerate Aker has closed its acquisition of a majority stake in Irish developer Mainstream Renewable Power, which it is preparing to take public.
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A Colombian sponsor has tapped two international banks to arrange a debt package for a roughly 200 MW gas-fired power plant.
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Orion Energy Partners has raised $1.079 billion for its Orion Energy Credit Opportunities Fund III.
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Listed US Solar Fund has raised $132 million in equity on the London Stock Exchange to refinance a solar portfolio at a less aggressive leverage ratio.
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Colombian power producer Isagén is developing its second wind farm in the country ?– a 12 MW project located in the department of La Guajira.
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The sale of a minority stake in a regulated electric utility in Washington state has reached the final round of bidding.
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Dominion Energy has struck a deal to acquire a utility-scale renewable energy project developer based in the Southeastern US.
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Origis Energy has secured a buyer for a portfolio of three solar and battery storage projects, each located in a different US state.
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A sponsor has tapped an investment bank to raise debt financing for a portfolio of PMGD (Pequeños Medios de Generación Distribuida) assets in Chile.
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Non-binding bids are due soon for the sale of a development-stage, 500 MW pumped hydro storage project in Washington state.
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Engie's Chilean subsidiary has inked a power supply agreement with bakery chain Ideal, which is owned by Mexico’s Grupo Bimbo.
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The Biden administration has approved the construction and operation plan for the 800 MW Vineyard Wind project off the coast of Massachusetts, which has been waiting in the wings for years due to federal permitting issues and other delays.
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Cypress Creek Renewables' associate general counsel, Jaya Velamakanni, has left the company to start her own private practice.
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DPP Holdings, the Chilean subsidiary of Canada’s Distributed Power Partners, has begun the permitting process for a 12.5 MW (DC) solar project in the country’s Antofagasta region.
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French developer GreenYellow has struck a deal to provide electricity for Brazilian drugstore company Panvel Farmacias.
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Ontario Teachers' Pension Plan has agreed to purchase Brazilian power transmission platform Evoltz Participações.
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Peru's procurement agency Proinversión has awarded Chilean company Celeo Redes the contract to develop the Puerto Maldonado-Iberia transmission line and the Valle del Chira Substation.
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Law firm Baker Donelson has recruited a veteran energy and infrastructure project finance attorney with nearly 30 years of experience to lead its energy transactions team.
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Argo Infrastructure Partners has agreed to acquire a 129 MW commercial and industrial solar portfolio in the US from funds managed by CarVal Investors.
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AES Corp is aiming to replicate a "landmark, first-of-its-kind" power purchase agreement that it recently inked with Google in line with its 24/7 carbon-free strategy, which it says has attracted interest from a number of corporate clients, across the US.
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Competitive Power Ventures ?has circled a term loan B package to refinance a gas-fired, combined-cycle project in Maryland and expects to close a deal next week.
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Greenbacker Renewable Energy has bought its second solar project in Montana – an 80 MW development-stage, contracted asset in Yellowstone County.
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Pacific Gas & Electric Co has been granted approval by the California Public Utilities Commission to issue up to $7.5 billion of "recovery bonds" to finance wildfire-related expenses, in what is being touted as the largest ever securitization by a US utility.
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M&A bankers are readying the sales of a number of district energy systems that are anticipated to hit the auction block in the coming weeks.
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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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GenOn Energy has closed the refinancing for a pair of dual-fuel peaking power plants in PJM Interconnection.
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French company EDF Renewables has brought online a 344 MW wind complex in the Brazilian state of Bahia.
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Spanish developer OPDEnergy has begun the permitting process for its third small-scale solar asset in Chile.
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AES Brasil has bought a pair of wind farms totaling 158.5 MW from the Brazilian subsidiary of Cubico Sustainable Investments.
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Vestas has finalized an agreement with Omega Energia to power the 212 MW Assuruá 4 wind project in the Brazilian state of Bahia.
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As Chile's largest developers secure supply contracts with corporate offtakers and search for corporate financing for their portfolios, project finance bankers wonder whether there will be any mandates left in the long run that are not corporate-based.
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Marketing materials have been circulated for the sale of a majority stake in a combined-cycle gas-fired power plant in Texas.
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Brazilian telecommunications company TIM Participacoes has launched a call to buy wind, solar, hydro and biomass distributed generation projects in the country.
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Details have emerged on the debt package that Atlas Renewable Energy recently closed for a 359 MW (DC) solar park in Brazil.
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Pennsylvania-based PPL Corp is seeking regulatory approval for its acquisition of Rhode Island electric and natural gas utility The Narragansett Electric Co from UK's National Grid.
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A university in Indiana has agreed to purchase renewable energy certificates generated by a 20 MW solar project developed by American Electric Power in the state.
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Southwest Generation has agreed to sell a combined-cycle gas-fired power plant in California to a family trust.
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NRG Energy has hired its new chief financial officer from South Korean e-commerce company Coupang.
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A pair of sponsors has tapped the bank market to raise financing for a portfolio of mixed generation assets in Chile which include both operational and greenfield projects.
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CarVal Investors has raised $490 million for its CVI Renewable Energy Fund, almost double its initial target of $250 million.
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The New York State Energy Research and Development Authority (Nyserda) has awarded contracts to 22 solar and wind projects, totaling 2,111 MW.
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Independent power producer Sonnedix has brought online two small-scale solar projects in Chile, bringing its total operating capacity up to 235 MW.
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PSEG Power has found a buyer for its 365 MW Solar Source portfolio, following a competitive auction process.
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Ex-Goldman Sachs managing director Jean-Pierre Boudrias and ex-Macquarie Capital managing director Ross Warner ?have teamed up to launch their own hydrogen energy storage business.
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A senior director who recently left NordLB after a decade working in the firm's project finance practice has joined DNB Bank.
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A bulge-bracket investment bank is slotting acquisition financing into place to support Dutch fund APG and Celeo Redes' purchase of Colbún's transmission business.
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Brazilian state-controlled Eletrobras has appointed former ANEEL director Rodrigo Limp Nascimento as CEO, effective May 7.
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Chilean developer Grupo Energy Lancuyen has received approval for a 9 MW solar project that will be part of its PMGD (Pequeños Medios de Generación Distribuida) pipeline in the country.
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CarVal Investors has closed tax equity financing for a distributed generation solar and battery storage portfolio located in Massachusetts and Missouri.
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Houston-based EnCap Investments has raised $1.2 billion for its EnCap Energy Transition Fund I.
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A fund managed by Ares Management Corp and The Conti Group has sold solar and energy storage-focused engineering, procurement and construction contractor CS Energy.
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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 renewables developer has tapped the bank market for a roughly $1 billion debt raise to support the construction of a mammoth solar-plus-storage project located in California.
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Petrobras has started the binding phase on the sale of stakes in two pipelines, Transportadora Brasileira Gasoduto Bolivia-Brasil (TBG) and Transportadora Sulbrasileira de Gás (TSB).
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Insurance brokerage firm CAC Specialty is rapidly expanding its Natural Resources division with a series of high-level hires, including two from Beecher Carlson.
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Global Energy Generation (GEG), a subsidiary of Israeli renewables group Doral, has secured an offtaker for the first phase of a 1.65 GW solar project that it is developing in Indiana.
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A sale process is underway for a battery storage-focused independent power producer.
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Chilean independent power producer Colbún has announced plans to develop 800 MW of renewable energy projects in the country by the second quarter of this year, bringing its total renewables capacity up to 1.8 GW.
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KeyBanc Capital Markets has hired six renewables investment bankers from a regional bank to join its San Francisco-based utilities, power and renewables team.
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A senior managing director at Evercore has left for a new opportunity at Moelis & Co.
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Chilean independent power producer Energia Latina (Enlasa) is adding a second phase to its Peñón Solar park in the region of Coquimbo.
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Chile’s National Energy Commission (NEC) has postponed the renewable power auction that was meant to take place in 2020 for a further month.
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Capital Dynamics has found a buyer for a stake in a 100 MW/400 MWh standalone battery storage project in California.
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A senior director who had worked in NordLB's project finance practice for over a decade has left the bank.
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Lightsource bp has inked a power purchase agreement with online retailer Amazon for an Ohio solar project.
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Tiger Infrastructure Partners has been selected to back a new business that aspires to build the world’s largest carbon capture and storage project.
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Troubled Australian asset manager AMP, the parent company to US renewables investor AMP Capital, has avoided a second shareholder vote against executive pay by a slim margin.
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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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First Sentier Investors has appointed Chris Tehranian as a senior director in New York.
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The Inter-American Development Bank and IDB Invest have launched an online tool designed to standardize reporting in the Latin American and Caribbean green bond markets and bring about greater transparency.
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Energy Capital Partners subsidiary Convergent Energy and Power has found an offtaker for a community solar-plus-storage portfolio in upstate New York.
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Dominion Energy Virginia has launched a request for proposals for solar, wind and energy storage projects.
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State-owned China Development Integration and China Machinery Engineering Corp have signed a contract to finance and develop a 1.1 GW solar project in Brazil.
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Brazilian renewable energy producer Rio Alto Energias Renovables has decided to halt its initial public offering due to changing conditions in the Brazilian and international capital markets.
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A senior banker has left Investec's power and infrastructure team in New York for a new opportunity.
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AES Brasil, the local subsidiary of AES Corp, has tapped Spanish firm Elecnor to build the first two phases of a roughly 580 MW wind complex in Brazil.
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New York-based private equity firm Ember Infrastructure has agreed to form a joint venture with biomass plant owner and operator ReEnergy Biomass Operations to seek out acquisition opportunities in North America.
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CenterPoint Energy has found a buyer for two of its natural gas utility businesses, following a sale process that was first announced in November.
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Engie has announced plans to develop 2 GW of renewable energy projects in Chile, up from the 1 GW of projects that it had proposed in 2019.
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A senior finance official at Nephila Climate has left the firm – the latest in a series of high-level executive departures in recent weeks.
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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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CMI Energia, the renewable energy arm of Guatemalan conglomerate Corporación Multi Inversiones, has refinanced the debt associated with its subsidiaries in Central America and the Caribbean with a $1 billion deal.
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Advanced Power has closed non-recourse debt financing for a 140 MW (DC) merchant solar project in Texas.
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Vistra Energy Corp has revised the previously estimated financial impact of winter storm Uri and reissued its 2021 guidance after receiving additional load information from Ercot.
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Strata Clean Energy (formerly Strata Solar) has appointed a new CFO from within its own ranks, after the incumbent joined another developer earlier this month.
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A senior executive at solar developer Hive Energy has left, as the firm prepares to exit the Mexican market.
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Ardmore, Pennsylvania-based developer Prospect14 has launched a sale process for its solar and solar-plus-storage development project pipeline.
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Tennessee Valley Authority has signed a power purchase agreement with a developer for a 200 MW solar project in Mississippi, which will sell its electricity to the Knoxville Utilities Board.
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Enel Green Power Chile has made its debut in Chile's distributed solar generation market by bringing online its first such project in the country, as part of a plan to interconnect 75 MW of small-scale solar assets by 2022.
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Chile's economic development agency Corfo has launched a tender for green hydrogen projects in the country.
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Colombia’s Mines and Energy Planning Unit (UPME) is preparing a tender for a substation and related transmission lines in the department of Chocó.
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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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A senior managing director at Truist, who had previously spent more than a decade in the energy group at Credit Suisse, has left the bank.
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German renewable energy startup Energy Kitchen has begun the permitting process for a 39.2 MW wind farm in Chile's Los Lagos region.
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Marketing materials have been circulated for the sale of Glidepath Power Solutions' battery storage platform.
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A lithium-ion battery manufacturer is seeking $25 million of private equity capital to fund its expansion in the US.
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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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Brazilian distributed solar developer Órigo Energia has secured a mezzanine debt package to fund the expansion of its portfolio in the country.
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Sempra Energy is offering minority investors in its Mexican subsidiary IEnova the option of swapping their shares for shares in the US parent company, as part of an asset reorganization process.
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NextEra Energy has recorded a $180 million revenue hit owing to the severe winter weather in Texas in February, which forced as much as 46 GW of generation offline.
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Grupo Renovatio has signed its first power purchase agreement under what has been touted as "LatAm's first private renewable energy auction."
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Starwood Energy Group Global has submitted an $8 billion investment proposal to the Public Utility Commission of Texas which it says would mitigate reliability issues in Ercot following winter storm Uri.
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The refinancing for a 1.4 GW portfolio of cogeneration plants has been launched into the term loan B market.
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Ørsted has secured a corporate power purchase agreement for a 200 MW solar project in Texas.
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AES Gener, the Chilean subsidiary of AES Corp, has rebranded as AES Andes as it continues to amp up its focus on renewable generation.
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Brazil’s Ministry of Mines and Energy is developing solar assets that will power three cities on Marajó, an island in the Amazon river delta, as part of a broader strategy to bring power to the area.
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Spanish developer Grenergy Renovables has begun the permitting process for a 220 MW solar park in Chile's Antofagasta region.
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Avangrid has won US Federal Energy Regulatory Commission approval for its proposed $4.3 billion merger with PNM Resources.
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Georgia Transmission Corp has named Dustin Zubke as its new senior vice president and CFO.
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Investec has launched a secondary trading desk and recruited a senior secondary loan trader in New York to lead it.
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SunPower Corp has announced power purchase agreements for solar projects that will be built on former landfill sites in Maryland.
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The owner of a hedged wind farm in Texas has filed a notice of appeal in New York's Supreme Court in order to protect the project from foreclosure.
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Lightsource bp has inked a power purchase agreement with online retailer Amazon for a solar project in Ohio.
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French developer Cap Vert Energie has begun the permitting process for a 9 MW solar project in Chile, as it continues to build out its PMGD (Pequeños Medios de Generación Distribuida) distributed generation portfolio.
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Colombia's Mines and Energy Planning Unit (UPME) has postponed a tender for a substation, after rejecting the only technical offer presented.
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Colombia has set the dates for the country’s second renewable auction, which it first announced in November.
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Caisse de dépôt et placement du Québec (CDPQ) has struck a deal to provide $1 billion to Invenergy Renewables to fund development activities and growth.
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Enel Green Power Chile has terminated its construction contract with Tozzi Latam, the regional subsidiary of Tozzi Green, for a 382 MW solar park in Chile.
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A developer has brought a development-stage solar portfolio in Ercot South to the market this month, after a previous sale process came to a halt due to the Covid-19 pandemic.
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Recurrent Energy has closed construction debt financing for a build-transfer project in Mississippi, as this type of deal becomes more common in the solar sector.
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Nautilus Solar Energy has closed a tax equity commitment with an investment bank for a portfolio of 22 community solar projects in five US states.
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AES Gener ?is shuttering a 58.35 MW diesel-fired plant in the Chilean region of Valparaiso, as other developers close their coal- and gas-fired assets in the country and pivot toward renewable power generation.
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Oklahoma Gas and Electric, a subsidiary of OGE Energy Corp, has announced plans to expand a solar project in the state by 5 MW.
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Knighthead Capital Management has inked a deal to increase its ownership stake in the coal-fired Homer City Electric Generation Station in Pennsylvania, which underwent bankruptcy proceedings in 2017.
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