Generation
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Pennsylvania state senator Gene Yaw has proposed a bill that would create a development fund based on the $10 billion Texas Energy Fund (TEF) for dispatchable energy to support the state's grid.
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The Public Utilities Commission of Texas (PUCT) has selected 17 projects totalling $5.38 billion to advance to the next round of the review process for the Texas Energy Fund (TEF) grant program.
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The Bureau of Ocean Energy Management (BOEM) has finalised 2 floating offshore wind areas off Oregon and announced the date for its upcoming auction in October.
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The Bureau of Ocean Energy Management (BOEM) is exploring offshore wind options off the coast of Hawaii and the US territory of Guam.
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Eneva has secured R$1 billion ($177 million) in financing for a gas-fired power plant the company is developing in Brazil.
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American Electric Power subsidiary Public Service Company of Oklahoma has an agreement with J-Power to acquire a 795MW combined-cycle power generation facility, PFR has learned.
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Scala Data Centers has signed the Latin America's largest renewable energy supply agreement with Serena Energia.
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TCW Group has closed on the sale of its 19.64% stake in the Homer City Generation project to funds managed by distressed asset-focused investor Knighthead Capital Management, PFR has learned.
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Nu:ionic Technologies and HybriGenix Futures have signed a memorandum of understanding (MoU) to develop a clean power and hydrogen facility in Edmonton, Alberta.
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The Tennessee Valley Authority (TVA) board of directors has approved an additional $150 million to fund TVA’s small module nuclear reactor (SMR) initiative at its Clinch River site in Tennessee.
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Offshore wind port infrastructure developer Clean Energy Terminals (CET) has hired Sloane Perras as its chief legal officer.
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Georgia electricity cooperative Oglethorpe Power has closed on its acquisition of the Walton County Power Plant from Carlyle affiliate Mackinaw Power, PFR has learned.
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Israeli renewable-focused fund Windin Capital is set to close financing for a wind farm the company owns in Chile, PFR understands.
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Vestas and Brazilian renewables developer Renobrax are planning to develop a wind project in the state of Rio Grande do Sul in Brazil.
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Boralex has closed a $95 million financing for the 52MW Témiscouata II wind farm in Quebec.
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Competitive Power Ventures (CPV) Group will sell 33% of its affiliate CPV Renewable Power to real assets-focused investment management firm Harrison Street for $300 million, PFR understands.
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Eversouce Energy’s Huntsbrook Offshore Wind (OSW) Hub project has been awarded a Department of Energy (DOE) grant of $89 million.
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Corio Generation has signed a memorandum of understanding with offshore construction business Estaleiros do Brasil (EBR) for the development of offshore wind generation in Brazil.
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Renewable operator and developer Deriva Energy has hired John Clapp, the former chief financial officer of Scout Clean Energy, as its chief executive.
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Avangrid has executed its second short-term virtual power purchase agreement (VPPA) with Statkraft for a 35MW wind farm in Pennsylvania.
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Danish energy giant Ørsted reported $575 million in impairment losses during Q2 2024, partially caused by the construction of its 704MW Revolution Wind project and the cancellation of New Jersey Ocean Wind projects.
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Equinor and Dominion have been named the provisional winners of the Central Atlantic offshore wind lease area tender, totalling $93 million.
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Brazilian utility Cemig has closed the sale of its 45% stake in energy company Aliança Energia to mining company Vale.
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The Bureau of Ocean Energy Management (BOEM) has finalised its environmental assessment of the lease areas in the upcoming Oregon floating offshore wind energy auction.
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EmberClear Management has submitted loan applications for 1.8GW peaking plants to the Texas Energy Fund.
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Marubeni Power Corporation will sell its 25% stake in a 775MW Maryland gas-fired combined cycle plant to OPC Energy, PFR has learned.
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AES Indiana plans to invest $1.1 billion in repowering energy projects throughout the state by 2026, including replacing 2 coal-fired units at the Petersburg Generating Station.
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Argentine aluminum producer Aluar is expanding its wind farm with 336MW of additional capacity.
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Leonid Capital Partners, a credit investment manager, has provided a $12 million revolving line of credit to nuclear waste-to-energy developer Zeno Power.
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Southeast PowerGen has closed on sale of its MPC Generating and Sandersville gas-fired sites to Gulf Pacific Power, PFR has learned.
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Ares Management is selling the St Joseph Energy Center a greenfield natural gas-fired combined-cycle power plant in New Carlisle, Indiana, PFR has learned.
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Bernhard Capital Partners (BCP) yesterday (5 August) agreed to acquire New Mexico Gas Company (NMGC) from Emera in a deal worth $1.25 billion.
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J-Power is selling its stake in the Tenaska Virginia Generating Station, PFR has learned.
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The Department of Energy (DOE) is set to release $30 million in funding opportunities for clean energy projects that will support Native American tribal communities and universities by the end of August (2024).
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Carlyle has agreed to sell Cogentrix Energy, a US independent power producer, to Quantum Capital for around $3 billion.
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The Department of Energy (DOE) has chosen Hecate Energy to develop a 1GW solar farm on the site of the Manhattan Nuclear Project in Washington State.
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Great Bay Renewables (GBR) has closed its $30 million royalty investment in Nokomis Energy, a distributed generation developer in the Midwest.
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Hull Street Energy has agreed to acquire 4 New York thermal power plants from J-Power USA.
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The PJM grid operator received dramatically higher prices in its 2025/2026 power market auction, indicating how decreased power supply is causing reliability concerns.
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Global Infrastructure Partners (GIP) portfolio company Eolian has closed a $390 million financing facility for a portfolio of renewable energy assets across the US.
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The Nuclear Company, a utility-scale nuclear developer, has appointed Joe Klecha as chief nuclear officer.
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Paraguay’s National Electricity Administration (ANDE) has received bids from 11 interested parties to sell output on the free market in Brazil.
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The Bureau of Ocean Energy Management has released its final environmental impact (EIS) statement for US Wind’s proposed Maryland Offshore Wind Project.
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Hecate Energy Gulf Wind has made an unsolicited lease request with the Bureau of Ocean Energy Management for 2 offshore wind energy areas (WEAs) previously identified for the 2021 Gulf Coast tender.
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Casa dos Ventos, through its subsidiary Ventos de São Rafael Renováveis SA, has issued R$2.5 billion ($442m) in debentures in Brazil.
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Great Bay Renewables has provided Nova Clean Energy with an additional $40 million loan to advance its 6.5GW of wind, solar, and battery projects across North America.
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Spanish oil company Repsol is in early conversations to acquire the remaining 60% of US renewables developer Hecate Energy.
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Clearway Energy Group has signed a 25-year power purchase agreement with Puget Sound Energy (PSE) for its 315MW Montana wind farm.
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Greenbacker Capital Management has executed a novel wind proxy hedge risk transfer for its Maine wind farm and raised additional debt for the project with MUFG.
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AEP subsidiaries Public Services of Oklahoma (PSO) and Southwestern Electric Power Company (SWEPCO) have jointly transferred 100% ownership of the $12 million Dover Substation to the Western Farmer’s Electric Cooperative (WFEC), PFR has learned.
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London Economics International is overseeing the sales process of 7 hydro plants sited throughout New York and New Hampshire for a northeast US-based renewables developer.
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Tenaska will sell its 229MW Berkshire Combined Cycle Power Plant in Massachusetts to investment firm Gate City Power (GCP), PFR has learned.
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Macquarie Asset Management’s sale of the entire 940MW Lordstown Energy Center to ArcLight Capital has been held up by the Federal Energy Regulatory Commission (FERC).
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Backed by several venture firms, The Nuclear Company, plans to build a fleet of nuclear plants throughout the US.
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Ørsted is looking to sell a portion of the 924MW Sunrise Wind project off New York, PFR has learned.
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The New York Energy Research and Development Authority has opened the state’s fifth offshore wind solicitation.
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Atiaia Renováveis is planning to issue R$215 million ($39m) in debentures for a hydroelectric project the company is developing in Brazil.
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LS Power has closed on its acquisition of its 810MW natural gas-fired power plant sited in Gettysburg, Pennsylvania from an affiliate of Platinum Equity, PFR has learned.
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Orizon has signed a sale and purchase agreement with Edge Comercialização for the supply of biomethane in Brazil.
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The Superintendency for the Development of the Northeast (Sudene) has provided financing for 4 renewables projects in Brazil.
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For more than 7 months the government of Alberta paused the approval of new renewable energy projects causing a multi-gigawatt logjam with upwards of $25 billion of investment sat idle.
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Leeward Renewable Energy has closed a $1.25 billion construction warehouse facility to develop a 1GW portfolio of wind, solar and battery storage projects.
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The US Federal Trade Commission (FTC) is seeking more information before advancing ConocoPhillips’ $22.5 billion all-stock buy of Marathon Oil.
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NexEra Energy will sell 100% of the class B preferred interest in its clean power subsidiary Nitro Renewables to Blackstone.
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The California Energy Commission (CEC) has adopted a finalised plan for offshore wind development through 2045.
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Atlantic Shores, Attentive Energy, and Community Offshore Wind are the 3 bidders in New Jersey’s fourth offshore wind solicitation.
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State governments across the Northeast have signed a memorandum of understanding (MoU) to coordinate interregional transmission planning.
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Ørsted has closed on its 50% stake in the 924MW offshore Sunrise Wind project from co-developer Eversource Energy.
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Rockland Capital is to acquire the 54MW Ellwood natural gas power station in California from independent power producer GenOn, PFR has learned.
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Clearway Energy Group has closed a $261 million project financing by a consortium of banks to repower its 160MW Cedro Hill wind farm in Texas.
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Holland Industrial Group will auction off the coal-fired units of the 700MW AB Power Plant in Evansville, Indiana ahead of the plant's conversion into a natural gas asset.
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Dominion Energy has purchased the Kitty Hawk North Wind offshore lease area from Avangrid for $160 million.
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Delaware will run a 1.2GW offshore wind solicitation after the state passed the highly-debated Energy Solutions Act of 2024.
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Management firm Riverview Investment Holdings will buy 100% of the interest in subsidiary UGI Development Company from parent UGI Energy Services.
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The Bureau of Ocean Energy Management (BOEM) has given Atlantic Shores Offshore Wind a Record of Decision (RoD) for its 2 projects totalling 2.8GW off the coast of New Jersey. This approval marks the ninth offshore wind farm approved by the Biden-Harris administration.
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ContourGlobal has completed the sale of a portfolio of wind projects in Brazil to alternative asset manager Patria Investimentos and Invenergy.
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Oglethorpe Power will acquire a 465MW peaking power plant in Georgia from global investment firm The Carlyle Group’s affiliate Mackinaw Power Holdings.
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Chilean power company Colbún has agreed to acquire Inversiones Latin America Power (ILAP) following ILAP’s restructuring process completed earlier this year.
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The Bureau of Ocean Energy Management (BOEM) has announced the date of the first Central Atlantic offshore wind lease sale, which could total 6.3GW of generated capacity.
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California-based asset management firm TCW Group will divest its 19.64% ownership of Pennsylvania’s Homer City Generation to funds managed by distressed asset-focused investor Knighthead Capital Management, PFR has learned.
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Renewable developer Genneia raised $60 million in green bonds to support the development of renewable projects in Argentina.
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Ørsted’s 924MW Sunrise Wind project was given its final approval by the Bureau of Ocean Energy Management (BOEM).
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Neoenergia has signed a memorandum of understanding (MoU) with the government of Ceará to develop offshore wind generation.
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Renewables developer Genneia is planning to issue green bonds for renewable projects in Argentina.
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Energy company Pampa Energía has signed a power purchase agreement with beverage company Coca-Cola Andina Argentina.
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Nuclear Fuels has appointed Gregory Huffman as chief executive officer, president and director, effective immediately.
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Canadian pipeline and energy company Enbridge has partnered with Six Nations Energy Development, an energy investment-focused consortium of 6 First Nations, to build a 200MW wind project in Weyburn, Saskatchewan.
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A stalled bill to extend tax breaks for data centres in Michigan has been touted as the bellwether for a co-generation comeback.
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The New York State Energy Research Development Authority (NYSERDA) has launched its 8th annual request for proposals for onshore, large-scale renewable energy projects.
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Brazilian oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Rio de Janeiro for the development of offshore wind in the state.
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Pattern Energy has signed a 30-year PPA with Hydro-Québec for its 150MW Broughton Wind project, located in Québec.
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Biocarbon producer Aymium has closed a $50 million financing with Fortress Investment Group and Kilonova Capital.
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energyRe has submitted proposals to the New York Independent System Operator (NYISO) to develop transmission systems bringing offshore wind power to New York City.
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Centrais Elétricas de Santa Catarina (Celesc) has landed financing from Brazilian development bank BNDES.
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Abraxas Power has selected McDermott as its EPC contractor for the Exploits Valley Renewable Energy Corporation (EVREC) project in Newfoundland and Labrador, which will be Canada's first commercial green hydrogen project.
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Renewables developer Casa dos Ventos has inked a long-term power purchase agreement for one of the company’s wind projects in Brazil.
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NRG Energy has submitted 3 loan proposals to the Texas Energy Fund (TEF) for 1.6GW of natural gas-powered ERCOT projects.
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Japanese corporate Itochu has made the first investment from its North America renewables-focused fund Overland Capital Partners.
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EDF Renewables has issued debentures for the expansion of the Serra do Seridó wind complex in Brazil.
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Alliant's midwestern utility company Wisconsin Power & Light has completed its nearly $127 million sell-down of the West Riverside Energy Center, PFR has learned.
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DTE Energy is planning to convert a portion of its retired Trenton Channel coal power plant in Michigan to a 220MW/800MWh battery energy storage system.
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China’s State Power Investment Corporation (SPIC) is planning to develop a 105MW wind complex in the state of Rio Grande do Norte in Brazil.
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Eletrobras has completed the sale of a portfolio of gas-fired power plants in Brazil to Âmbar Energia.
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As the Lone Star State begins to face the climbing summer temperatures, intense weather events, specifically Winter Storm Uri, remain at the top of Texans' minds.
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Lotus Infrastructure Partner has closed its acquisition of PNE USA, with the developer rebranded as Allium Renewable Energy.
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Entergy has submitted proposals for 2 natural gas power plants to the Public Utility Commission of Texas (TPUC) as the state pushes for new generation as energy demand intensifies.
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Engie is planning to issue up to R$2 billion ($381m) in debentures to finance a wind complex the company is developing in Brazil.
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Biocarbon producer Aymium has closed a $210 million financing from Copenhagen Infrastructure Partners and ECP ForeStar for its Williams production facility at a former California coal plant.
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The Bureau of Ocean Energy Management (BOEM) has approved an Environmental Assessment (EA) for potential offshore wind development off the Delaware, Maryland, and Virginia coasts.
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Louisiana power company Cleco Corporate Holdings has closed on the $600 million sale of its unregulated electric utility business, Cleco Cajun, to private equity firm Atlas Holdings, PFR has learned.
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Sindicato Energético (Sinersa) has completed the acquisition of a hydroelectric asset from Glencore-owned mining company Volcan in Peru.
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Babcock & Wilcox (B&W) has signed an agreement with NorthStar Clean Energy to convert a former coal-fired power plant to a bioenergy with carbon capture and storage facility.
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The $10 billion Texas Energy Fund (TEF) opened its loan program on 1 June with more than 65 applicants submitting proposals totalling 48GW.
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Avangrid has signed a power purchase agreement (PPA) with CPS Energy for 161MW of the Peñascal I wind farm in Kenedy County, Texas.
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Miami-based Atlas Renewable Energy is planning to develop a 304MW wind project in Chile.
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Equinor and Ørsted have secured final purchase and sale agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA) for 2 offshore wind projects, totalling 1.734GW.
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Canadian power provider Hydro One has hired Harry Taylor as executive vice president and chief financial and regulatory officer, effective 10 June (2024).
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SIBA Energy Corporation has landed long-term financing for a combined-cycle gas fired power plant in the Dominican Republic.
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Hydro-Québec has revealed plans to add 10GW of wind generation over the next decade, including several First Nations-owned 1GW-sized projects.
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The Minnesota Public Utilities Commission (MPUC) has approved Otter Tail Power's long-term electric generation and investment plan after the utility agreed to exit the Coyote Station coal plant by 2031.
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Brazilian utility Copel and Petrobras have concluded the sale of the Araucária gas-fired power plant they co-owned in Brazil.
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Vistra will add 2GW of dispatchable, natural gas-fuelled power capacity throughout west, central, and north Texas.
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Duke Energy has signed memoranda of understanding (MoUs) with Amazon, Google, Microsoft and Nucor to develop power contract terms with electric utilities in North Carolina and South Carolina, with the goal of lowering the cost of building new nuclear technologies and batteries.
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Oil and gas company Petroquímica Comodoro Rivadavia (PCR) has signed a power purchase agreement (PPA) with BBVA in Argentina.
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Danish energy giant Ørsted has agreed to pay New Jersey and its Board of Public Utilities (NJBPU) $125 million to settle claims made against its decision to cancel offshore wind projects Ocean Wind 1 and 2 in late 2023.
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Homecoming Capital has invested $50 million in Clean Energy Terminals (CET) which is developing offshore wind port infrastructure projects on the east and west coasts in the US.
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The Bureau of Ocean Energy Management (BOEM) has released the Final Environmental Assessment for the floating offshore wind research project in the Gulf of Maine.
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The California Independent Systems Operator (CAISO) has approved 2 major transmission initiatives for the state: 26 projects to help support the state's offshore wind capacity and Pattern Energy's SunZia Project tie-in to the state's grid.
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The Bureau of Ocean Energy Management (BOEM) has released the final Environmental Impact Statement (EIS) for Atlantic Shores Offshore Wind Project 1 and 2 in New Jersey.
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