Energy
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Strategic Value Partners (SVP) and EverGen Power have launched a partnership to invest in North American natural gas generation.
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Atlas Energy Solutions has appointed Blake McCarthy as its chief financial officer, effective 13 May 2024, PFR has learned.
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Miami-based financial advisory firm Atlantico Capital Partners has hired Juan Francisco Toro as managing director and Juan Pablo Hernández as vice president of its Mexico City office.
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Investment bank Moelis & Company has hired Stephen Trauber, formerly Citi's global head of energy transition, as chairman and global head of its energy and energy transition team.
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A trio of Boston-based energy investors has launched Inyarek Partners to develop energy transition assets, completing its inaugural investment into renewable natural gas (RNG) platform Redtail Renewables.
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Andros Capital Partners has closed its second energy fund – Andros Energy Capital II – at its $750 million hard cap.
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Priority Power Management, an energy optimization and infrastructure business backed by Oaktree Capital Management and Ara Partners, refinanced its existing debt and increased its credit facility from $85 million to $250 million.
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Enbridge, the Canadian energy giant, has bolstered its position in North American renewables with the acquisition of Tri Global Energy (TGE) for $270 million in cash and assumed debt.
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The European Investment Bank (EIB) and the Inter-American Development Bank (IDB) have signed a mutual reliance agreement, allowing the multilaterals to improve cooperation on climate-resilient infrastructure and energy projects in Latin America.
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Colombian business regulator Superintendencia de Sociedades de Colombia has approved the planned merger of Enel’s Colombian subsidiaries.
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Vibra Energia – the Brazilian fuels distributor previously known as BR Distribuidora – plans to exercise a purchase option to acquire a controlling stake in power trader Comerc.
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New York Stock Exchange-listed Kayne Anderson Energy Infrastructure Fund has obtained a $200 million unsecured revolving credit facility.
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JP Morgan’s Infrastructure Investments Fund (IIF) has inked a deal to acquire South Jersey Industries (SJI) in a deal valued at $8.1 billion.
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Brazilian law firm Fialho Salles has promoted project finance lawyer Ricardo Rondino to partner.
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The Latin America-focused Ashmore Andino III Fund has held a first close at COP664.15 million ($168 million).
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The University of Florida (UF) is expected to issue a final request for proposals (RFP) for its energy P3 in the coming months, with a proposal deadline of September 2022.
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The University of Louisville (UofL) is seeking a private partner to finance, operate and maintain its steam, chilled water, electrical and related distribution systems.
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The Brazilian state of Rio Grande do Sul has announced an auction for its electricity generation company, CEEE-G.
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Howard Stern has retired from Northwestern Mutual after spending more than 21 years at the firm.
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Biopharmaceutical company Pfizer has signed a virtual power purchase agreement for at least 310 MW of solar generation to power its North American operations.
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Power Finance & Risk is pleased to announce the short list for the following award: Project Bond of 2020.
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Power Finance & Risk is pleased to announce the short list for the following award: M&A Deal of 2020.
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Power Finance & Risk is pleased to announce the short list for the following award: Canadian Deal of the Year 2020.
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Power Finance & Risk is pleased to announce the short list for the following award: District Energy Deal of 2020.
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Power Finance & Risk is pleased to announce the short list for the following award: Transmission Deal of 2020.
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Power Finance & Risk is pleased to announce the short list for the following award: Term Loan B of 2020.
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Actis Energy has completed fundraising for its fifth fund with $4.7 billion in commitments, as well as co-investment capital bringing the total figure raised up to $6 billion.
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British renewables investor Greencoat Capital has launched in the US with the opening of offices in New York and Chicago ahead of a tipped fund launch.
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French water, waste and energy management group Veolia has started commercial operations at a 12.4 MW biogas complex in Brazil.
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A portfolio company of Toronto-based infrastructure investment firm Instar Asset Management has closed a $53 million credit facility to finance a fleet of district energy systems in Canada.
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Colombian developer Empresas Publicas de Medellin (EPM) has received permission from the national finance ministry to raise funds for its 2021-2023 planned investments.
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DTE Energy has brought forward the deadline for ceasing coal use at the Belle River Power Plant in Michigan by two years.
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Sunrun has increased the size and reduced the pricing of its non-recourse warehouse loan with a syndicate of eight financial institutions.
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Leeward Renewable Energy has inked a power purchase agreement with a community choice aggregator for the full output of a solar-plus-storage project in California.
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Renewables project finance enthusiasts flocked to a secluded conference center in midtown Manhattan earlier this week for REFF Wall Street 2021, after being deprived of events to attend over the last year-and-a-half. PFR editor Taryana Odayar and reporter Alfie Crooks were on site to catch the goings-on.
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Mexico’s President Andrés Manuel López Obrador (AMLO) has put forward an initiative that would reform the country’s constitution as it pertains to the power sector, in an effort to strengthen state-owned energy companies.
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While some debt investors have grown increasingly comfortable financing merchant solar assets over the last few years, many market watchers at REFF Wall Street 2021 remain unconvinced that the attractive yields to be gained by taking on merchant exposure outweigh the associated risks.
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Conference goers at REFF Wall Street 2021 in New York this week applauded the tremendous volume of investments in the renewables space over the last year-and-a-half, despite the disruption wrought by the Covid-19 pandemic, but some warned that there could be "surprises down the road" as a result of the rapid buildout of the asset class.
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Deal watchers have observed that solar project owners are increasingly buying out the tax equity investors in their projects or arranging for third-parties to take their place, as several projects pass their tax credit recapture periods.
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The Bureau of Ocean Energy Management (BOEM) is preparing to launch an environmental review of an offshore wind project being developed by a 50:50 joint venture between Shell New Energies and EDF Renewables North America (EDFRNA), off the coast of New Jersey.
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Sidewalk Infrastructure Partners has raised $190 million in capital from a single limited partner.
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Talen Energy's Cumulus Growth subsidiary has secured an up to $175 million investment from Orion Energy Partners to execute its renewable energy and digital infrastructure growth strategies.
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Acciona Energia has clinched two supply contracts for renewable power in Chile and renewed a third with water utility Aguas Nuevas.
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Dutch fund APG and Celeo Redes have arranged acquisition financing for their purchase of Colbun Transmision, the transmission subsidiary of Chilean independent power producer Colbun.
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Renewable energy retailers have traditionally found ways to sway Texan customers to choose them, typically through competitive rates, but Octopus Energy has devised a new offering – Amazon Prime memberships.
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The solar ABS sector is set to hit a new record for issuance volumes in 2021 with the addition of Sunrun and Solar Mosaic’s transactions, as a wider pool of institutional investors join the market, encouraged by more frequent ratings from the three major credit rating agencies.
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PJM Interconnection has requested regulatory approval to postpone its December base residual auction (BRA) for delivery year 2023/2024 by nearly two months, which would push the auction window into early 2022, and potentially delay subsequent capacity auctions.
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US Senate Finance Committee chairman Ron Wyden (D-Ore) has proposed a slate of tax reforms that could freeze the use of the partnership flip structure in the tax equity market.
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As the Dominican Republic starts opening up to private investments in renewable energy projects under President Luis Abinader, local developer Grupo Energético 23 (GE23) managed to wrangle debt financing for its first such asset in the country this summer.
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Distributed solar developer New Energy Equity has secured a $50 million revolving credit facility to fund the construction of a more than 60 MW community solar portfolio in the US.
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Singapore's sovereign wealth fund GIC Private Limited has closed the first phase of its previously agreed upon acquisition of a 19.9% stake in Duke Energy Indiana.
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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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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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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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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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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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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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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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Longroad Energy has refinanced a 27 MW portfolio of commercial and industrial-scale solar projects spread across several US states.
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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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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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Vistra has reported its results from PJM Interconnection's Base Residual Auction for delivery year 2022/2023.
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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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Greenberg Traurig has appointed a global co-head of its energy project finance practice in Washington, DC.
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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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Orrick has recruited a tax attorney from Kirkland & Ellis as it expands its renewable energy finance practice.
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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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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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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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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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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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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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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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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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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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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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Sidley Austin has hired a veteran tax partner focused on renewable energy and infrastructure projects.
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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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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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Ares Management Corp is preparing to take ownership of a financially troubled gas-fired, combined-cycle power plant in PJM Interconnection.
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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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McGuireWoods has recruited three renewable energy project finance and private equity attorneys from DLA Piper.
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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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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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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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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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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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The state of Massachusetts has announced a 1.6 GW offshore wind tender.
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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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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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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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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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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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GenOn Energy has closed the refinancing for a pair of dual-fuel peaking power plants in PJM Interconnection.
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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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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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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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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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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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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 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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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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A sale process is underway for a battery storage-focused independent power producer.
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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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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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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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A senior banker has left Investec's power and infrastructure team in New York for a new opportunity.
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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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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 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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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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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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The refinancing for a 1.4 GW portfolio of cogeneration plants has been launched into the term loan B market.
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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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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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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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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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Matrix Renewables, a portfolio company of private equity firm TPG, has appointed Luis Sabaté as chief operating officer, as the company continues to expand into Latin America.
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Details have emerged on Competitive Power Ventures' term loan B refinancing of a gas-fired, combined-cycle project in Maryland.
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CoBank has appointed a new head of project finance, succeeding Brian Goldstein who left the bank earlier this month.
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CleanCapital has secured a $300 million corporate equity commitment from an insurance fund manager as it looks to restructure the company and launch its next stage of growth.
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NextEra Energy Partners has struck a deal to acquire a 391 MW operational wind portfolio from Brookfield Renewable Partners.
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D.E. Shaw Renewable Investments has clinched construction debt and tax equity financing for the third phase of one of the largest solar projects in the Midwest.
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NextEra Energy is planning to repower a 66 MW wind farm in Hancock County, Illinois.
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AEP Energy, a subsidiary of American Electric Power, has signed a 12-year power purchase agreement with an Ohio-based lead-acid battery manufacturer.
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Competitive Power Ventures is launching the refinancing of a gas-fired, combined-cycle project in Maryland imminently.
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BlackRock and Singaporean investment company Temasek have formed a partnership that aims to raise $1 billion for its first fund, focusing on decarbonization investment opportunities.
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Caisse de dépot et placement du Québec (CDPQ) has teamed up with alternative investment manager Energize Ventures to invest up to $125 million in the energy transition over the next three years.
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Capital Dynamics has recruited a senior finance official from AES Clean Energy as it looks to rebuild its clean energy infrastructure team.
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Owners of hedged renewable energy projects in Texas face an uphill battle as they plead for protection against foreclosure in court, if a recent ruling by a New York judge is anything to go by.
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An auction for one of the largest battery storage projects in the US has progressed to the second round.
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Chevron has invested in a start-up that is developing floating offshore wind technology in the US.
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Utility-scale solar and battery storage developer Strata Solar has renamed itself Strata Clean Energy.
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SMBC has appointed Juan Kreutz and Luis Fernando Perdigon as co-heads of specialized finance, a division which aggregates several businesses for the bank's North America and Latin America regions, including project finance, US private placements and financing for clients in Asia.
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Spanish developer Acciona is working on a 168 MW solar project in the Colombian department of La Guajira.
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BlackRock has filed a lawsuit to protect one of its hedged Texas wind farms from having to pay close to $100 million in compensation to hedge counterparty Citigroup Energy as a result of winter storm Uri - litigation which Citi says "is without merit."
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The final pricing on two recent power-sector term loan Bs landed inside initial price thoughts, indicating a healthy market for additional issuance.
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Rubicon Capital Advisors has hired Tony Memmo as managing director and Owen Weihman as director in New York.
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Adapture Renewables, which is backed by Kirkbi, the investment holding company of the family behind Lego Group, has secured tax equity financing for a 33 MW solar portfolio in Oregon.
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EnCap Investments and Yorktown Partners-backed solar and storage company Catalyze has acquired a Californian rooftop solar developer and installer as it looks to expand its project pipeline and geographic presence in the US.
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Listed solar investor US Solar Fund is aiming to raise equity on the London Stock Exchange in part to allow it to refinance a portfolio of solar assets at a less aggressive leverage ratio.
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Public Service Enterprise Group (PSEG) has closed its acquisition of a 25% stake in Ørsted North America's 1,100 MW Ocean Wind project, which will be built 15 miles off the coast of Atlantic City, New Jersey.
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Pattern Energy Group has partnered with Talen Energy Corp to establish a new joint venture that aims to build and finance 1.4 GW of utility-scale solar and wind generation over the next five years.
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LS Power has signed an agreement to sell its 230 MW Hog Bayou Energy Center gas-fired project in Alabama to an investment vehicle managed by another private equity firm.
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BluEarth Renewables has signed a power purchase agreement with a retail energy provider for the output of a wind farm in Alberta.
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Canadian pipeline operator TC Energy Corp has hired Marathon Capital to advise on the procurement of as much as 620 MW of wind capacity to power its US assets.
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NextEra Energy Resources has signed up a corporate offtaker for a 58 MW solar project that it is developing in North Carolina.
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OMERS Infrastructure has signed a deal to sell its minority stake in Vento II, a 596 MW portfolio of wind projects in four US states, to Atlantica Sustainable Infrastructure.
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Vistra Energy is bringing forward the retirement date for its 802 MW Electric Energy coal-fired plant in Joppa, Illinois, by three years, owing to the various legal and economic challenges the plant is up against.
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ReneSola has sold a 10 MW portfolio of behind-the-meter solar projects in Utah to Greenbacker Renewable Energy.
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Spanish firm Continua Energias Positivas has begun the permitting process for a transmission project in Colombia that will connect a development-stage solar asset to the grid.
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A British buyer has stepped up to take majority cash equity stakes in two of EDP Renewables' wind projects in Illinois, one of which sells its output into PJM Interconnection and the other into MISO.
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Troutman Pepper has hired Judy Kwok, a tax lawyer focusing on renewable energy finance who used to work in-house at GE Energy Financial Services, from Mintz Levin.
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German pharmaceuticals company Boehringer Ingelheim has signed a deal with utility company Evergy for a portion of the output of of an Enel Green Power North America wind project in Kansas.
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New England utility Eversource Energy has appointed a new president and CEO from within its own ranks to replace Jim Judge, who is stepping back to become executive chairman, effective May 5.
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Houston-based oil pipeline investor Buckeye Partners has teamed up with global commodities house Trafigura's latest renewables venture, Nala Renewables, to acquire a majority stake in US renewables developer Swift Current Energy.
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BlackRock Real Assets has raised $4.8 billion for its Renewable Power Fund III, the third vintage of its flagship Global Renewable Power fund series and the largest yet.
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Canada Pension Plan Investment Board has set up a new platform that combines its power and sustainable energy group with its energy resources group.
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German developer BayWa r.e. has signed a loan with the North American Development Bank for a utility-scale solar project in Texas.
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Avenue Capital Partners has hired a new portfolio manager for its sustainable solutions credit fund following the departure of the previous PM in January.
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A trio of investors led by student loan servicer Nelnet has provided tax equity financing for a portfolio of community solar projects in the Northeastern US.
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Brian Goldstein, who was sector vice president and head of project finance at CoBank for six years, is no longer with the firm.
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Hanwha Group-owned 174 Power Global has signed a 15-year power purchase agreement for a 200 MW solar project that it is developing in Colorado.
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A former head of power and utilities lending at RBC Capital Markets is among a trio of high-level hires announced by US solar developer Sol Systems on April 6.
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Intersect Power has made a raft of new hires to help build out its next 2.4 GW portfolio by 2023.
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Atlantic Power Corp has signed a new resource adequacy contract for its 49 MW Oxnard gas-fired plant in California.
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Pine Gate Renewables has clinched debt and tax equity financing for a pair of solar and storage projects that will sit atop cranberry bogs in Massachusetts, and sold the sponsor equity through a deal arranged by John Hancock.
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Stonepeak Infrastructure Partners has found a buyer for its RED-Rochester district energy system in New York state after shelving an earlier sale process for the asset last year.
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Energy Capital Partners has raised a $1.2 billion continuation fund to house its stake in renewables developer Terra-Gen, previously held under Energy Capital Partners III, employing a strategy that has come into vogue among private equity firms in recent years.
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NextEra Energy Transmission has closed its $660 million acquisition of GridLiance from Blackstone?.
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First Solar has sold its North American operations and maintenance business, shortly after closing the sale of its solar project development platform.
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Advanced Power has secured a cash flow sweep amendment to the term loan B underpinning its 700 MW gas-fired Carroll County Energy Center in Ohio.
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DNB Bank has named Emilio Fabbrizzi as head of Americas renewables and infrastructure as it expands its coverage of the region.
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Engie North America has found a buyer for its 96 MW gas-fired Waterbury, Generation facility in Connecticut.
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Thomas Farrell, the former CEO of Dominion Energy, has passed away after a battle with cancer took a sudden turn.
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Solar and battery storage developer Strata Solar has raised $150 million of flexible capital in a deal with Blackstone Credit ?and its affiliates.
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President Joe Biden has announced an ambitious $2 trillion infrastructure plan that includes a wide-reaching set of initiatives aimed at supercharging the country's clean power and renewables industry.
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Canadian developer Greengate Power Corp has hired former AltaGas director of power finance Scott Perry as a business development executive in Calgary.
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Leeward Renewable Energy has closed its acquisition of First Solar's 10 GW utility-scale solar project development platform.
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A successor has been found for SunPower CEO Tom Werner, who is retiring after 18 years with the company.
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A bladeless wind generator designed by a Madrid-based start-up has been dubbed the "Skybrator" due to its suggestive shape and the way it oscillates back-and-forth in a stiff breeze.
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A municipal utility in Iowa has launched a request for proposals for solar projects including one to be built at a specified site.
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A pair of regulated utilities are seeking regulatory approval to acquire a 92 MW wind farm in Wisconsin as part of a proposed build-transfer deal.
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Jennifer Wnek has joined Allen & Overy’s projects, energy, natural resources and infrastructure practice as a partner in New York, joining six Akin Gump partners who officially made the move at the beginning of March.
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Fuel cell manufacturer Plug Power is planning to build a green hydrogen production plant in Pennsylvania that would use generation from Brookfield Renewable's 252 MW Holtwood hydro facility.
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Spanish developer and independent power producer OPDEnergy has won a power purchase agreement from AEP Energy Partners for a solar project in West Virginia.
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Competitive Power Ventures is preparing to mandate an arranger for the refinancing of a gas-fired combined-cycle project on the US East Coast.
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Ørsted has brought in Ben Pratt, a former senior managing director for power origination and trading at Uniper Global Commodities North America, to oversee its Chicago-based US energy trading team.
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The White House has rolled out a raft of new leasing, funding and development goals that will catalyze offshore wind projects, strengthen supply chains and create union jobs.
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Ørsted has made a final investment decision on a combined wind and solar project in Texas, which the Danish company expects to be online in the first half of 2022.
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Utility-scale solar and storage developer Candela Renewables, which was originally set up in 2018, has made three new hires, including a director of finance.
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A former managing director at Rubicon Capital Advisors has taken up a C-suite position at BrightNight, the renewable energy business set up by ex-8minute Energy CEO Martin Hermann, and which was featured in documentary produced and narrated by Leonardo DiCaprio.
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The London-listed US Solar Fund has reached financial close on the acquisition of a 25% stake in the 154 MW Mount Signal 2 solar project in California.
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Three members of BlackRock’s infrastructure credit group have left the firm for The Carlyle Group in New York.
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Invenergy has sold a majority stake in a 300 MW contracted wind farm in South Dakota that recently came online.
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CCA Group has added to its renewable energy advisory team with a senior hire from MUFG's leasing and asset finance division.
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An Israeli investor ?has struck a deal to acquire a 200 MW solar project in the Lonestar State.
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A renewables developer in the US is looking for a strategic investor to take an up to $300 million equity stake.
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Japanese conglomerate ORIX Corp has agreed to purchase majority stakes in a roughly 350 MW portfolio of operational wind farms in the US.
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Clearway Energy Group has closed a $128 million debt financing for a wind project that it is repowering in West Virginia.
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Potentia Renewables has bought a portfolio of commercial-scale solar projects in Ontario from Connor, Clark & Lunn Infrastructure and solar project developer CarbonFree Technology.
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Connor, Clark & Lunn Infrastructure has notified the US Federal Energy Regulatory Commission that it closed the previously announced acquisition of an 80% stake in a 563 MW US renewables portfolio from EDP Renewables, almost three months after the transaction took place.
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Spanish developer Solarpack has identified investment opportunities for a 748 MW (DC) string of solar projects that it is developing in Chile and Colombia.
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New York-based developer Daroga Power is raising $205 million for a portfolio of fuel cell projects across the US, having closed financing for a previous portfolio in December.
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Kirkland & Ellis has hired a senior tax attorney from Orrick, Herrington & Sutcliffe as it builds up its renewable energy finance practice.
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LS Power subsidiary CPower Energy Management has made six new hires as it looks to strengthen its position in the distributed energy resources (DER) market.
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Invenergy has closed the construction financing for its 999 MW Traverse Wind Energy Center, the last to be financed of the three projects that make up its 1,485 MW North Central Wind Energy portfolio in Oklahoma.
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PG&E Corp has appointed Chris Foster as its new executive vice president and CFO, effective March 20.
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Steel manufacturer Nucor Corp has signed a power purchase agreement with Ørsted for a portion of the output of a wind farm in Texas.
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First Sentier Investors has agreed to purchase an additional stake in Terra-Gen, which would raise its interest in the company to 50%.
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A developer has launched an auction for a community solar portfolio in New York as it nears a sale on another similar portfolio in the same state.
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Annova LNG, which is majority owned by Exelon Corp, has scrapped an LNG export project "due to changes in the global LNG market."
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The Commonwealth of Pennsylvania has struck a deal to buy power and renewable energy credits from a Lightsource BP solar portfolio via a retail supply contract with Constellation, which the state government says is the largest solar commitment secured by any government entity in the US — surpassing any federal, state or municipal commitments.
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Soltage has secured a $250 million equity commitment for a 450 MW portfolio of solar, solar-plus-storage and standalone storage assets across the US.
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Czech solar developer Solek has signed an $85.25 million senior secured loan to finance a portfolio of small-scale projects in Chile known as PMGDs.
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Hunt Energy Network, an affiliate of Hunt Consolidated, has raised capital from an insurance fund manager for a portfolio of distributed energy storage assets in Texas.
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Brazil’s investment partnerships agency, PPI, has approved the inclusion of several transmission projects to its national priorities list ahead of tenders set to take place later this year.
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S&P Global Ratings has given the senior secured term loan B financing for I Squared Capital's take private of Atlantic Power Corp a rating of BB-.
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Chevron Canada has pulled funding for its proposed Kitimat LNG Project in British Columbia.
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Houston-headquartered NextDecade Corp has formed a new subsidiary focusing on carbon capture and storage, called NEXT Carbon Solutions, which will develop a CCS project at the site of the Rio Grande LNG export terminal in South Texas.
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Pennsylvania-based PPL Corp has appointed an alumnus of both FirstEnergy Corp and Exelon Corp as general counsel and corporate secretary.
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Texas utility CPS Energy has won approval from the San Antonio City Council to seek an up to $500 million line of credit to provide short-term liquidity in the wake of winter storm Uri.
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FirstEnergy Corp has filled its vacancy for a chief ethics and compliance officer with a hire from another utility holding company as it seeks to disentangle itself from a long-running bribery scandal in Ohio.
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IDB Invest has appointed Orlando Ferreira and Alexandre Meira da Rosa as CFO and chief strategy officer, respectively.
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Enel Green Power has signed an aggregated virtual power purchase agreement with a consortium of four non-utility offtakers – including ridesharing company Uber – which has been described as the largest contract of its kind.
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Several renowned Scotch whisky makers, including Glenmorangie, are working out a spirited plan to power their Highland distilleries with green hydrogen produced using generation from nearby offshore and onshore wind farms.
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Three utilities are seeking regulatory approval for power purchase agreements for a solar and storage project being developed by Invenergy in Wisconsin.
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Generate Capital has hired Alfred Griffin, the founding president of NY Green Bank, to oversee its new sustainable infrastructure credit platform as senior managing director.
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Second round bids are due in the sale of a stake in one of several solar projects that are being developed to replace generation from the coal-fired San Juan Generating Station in New Mexico.
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I Squared Capital has launched a $405 million term loan B package as part of the financing of its $961 million acquisition of publicly-listed independent power producer Atlantic Power Corp.
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A private equity firm has put a roughly 600 MW portfolio of merchant wind projects in New York state on the auction block.
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Macquarie Infrastructure and Real Assets has bought a geothermal energy platform based out of Utah and is combining it with another recent purchase to create one of the largest independent geothermal platforms in the country.
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Initial price talk has been circulated for the term loan B that I Squared Capital is issuing to partly fund its acquisition of North American independent power producer Atlantic Power Corp.
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Invenergy has signed a build-transfer agreement with a utility for a solar project in Indiana, as this type of deal becomes more common in the solar sector.
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An infrastructure fund manager is preparing to auction off its interests in what it is said to be the largest dispatchable distributed generation fleet in Texas.
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Carl Icahn's activist fund Icahn Capital has secured two seats on FirstEnergy's board of directors, weeks after declaring its intention to acquire a stake in the beleagured Ohio electric utility.
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NRG Energy has scrapped its 2021 financial guidance due to uncertainty over the full impact of February's winter storm Uri in Texas, which it expects will be more significant than it had previously reported.
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