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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