Hydro
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Centrais Elétricas de Santa Catarina (Celesc) has landed financing from Brazilian development bank BNDES.
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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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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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Brazilian utility Copel is planning to divest from a portfolio of small generation assets the company owns through its subsidiary Copel Geração e Transmissão.
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Hydropower redeveloper Relevate Power has added 2 executives to its leadership team with Ian Finlay joining as CFO and Antonio Zarrella as VP of engineering and operations.
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Ocean Power Technologies’ corporate controller, treasurer, and principal accounting officer, Joseph DiPietro, has left the company, PFR has learned.
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Brazilian conglomerate Brasal is issuing R$170 million ($33 million) in debentures for a hydroelectric project in Brazil.
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The Government of São Paulo has sold its shares in Empresa Metropolitana de Águas e Energia (Emae) placing the power company in private ownership.
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Peru’s Ministry of Energy and Mines (MINEM) is readying 26 renewable energy projects to be built in the coming years.
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Brazilian utility Cemig is selling its 45% share in power generation company Aliança Energia to mining company Vale, making Vale the sole owner of Aliança.
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The Department of Energy (DOE) has awarded $475 million in funding for 5 projects that feature renewable development on former mining lands. The projects are located across Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia.
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Enel Americas and Enel Perú have landed approval for the $1.4 billion sale of their Peruvian generation assets to Actis-owned Niagara Energy.
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Mining company SolGold has signed a memorandum of understanding (MoU) with renewables developers to construct a 200MW hydro-solar project to power its Cascabel Project in Northern Ecuador.
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The Department of Energy (DOE) has conditionally awarded $366 million to 17 projects that aim to improve the transmission and electrical distribution of power in rural and remote areas across the US.
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Spanish independent power producer Ecoener has signed power purchase agreements with the government of Ecuador, marking the firm’s entry into the Ecuadorian market.
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Cadiz has received the final regulatory nod from the US Bureau of Land Management (BLM) to complete its acquisition of the 220-mile pipeline from El Paso Natural Gas (EPNG).
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Ardian has acquired full ownership of the Peruvian subsidiary of Latin America Power from funds managed by BTG Pactual, Patria Investments and GMR Holding.
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Southern Company subsidiary Georgia Power Company (GPC) will sell multiple specified transmission lines to Georgia Transmission Corporation (GTC), PFR has learned.
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US-based utility and renewable energy developer Allete is contemplating the sale of its business, and has enlisted JP Morgan Chase for the potential sale process.
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Energy and storage provider FirstLight has signed a 5-year power purchase agreement (PPA) with the Massachusetts Municipal Wholesale Electric Company (MMWEC) to provide 14 state municipal utilities with 69GWh of hydropower.
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Canadian independent power producer Innergex Renewable Energy has closed a $185 million financing deal for three unlevered hydro assets in Quebec and British Columbia, totaling 107MW.
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Electricity utility Eletrobras and Brazilian development bank BNDES have agreed on a restructuring of the debts of hydro firm Santo Antônio Energia (SAESA) – an indirect subsidiary of Eletrobras.
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Canadian power company TransAlta will acquire Heartland Generation and Alberta Power (collectively, Heartland) from an affiliate of Heartland’s parent company, Energy Capital Partners.
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Companhia Energética de Minas Gerais (Cemig) has concluded the sale of its shares in a hydroelectric power plant in Brazil.
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Brazilian utility Companhia Energética de Minas Gerais (Cemig) is parting with a portfolio of small hydro assets, offloading them to Mang Participações e Agropecuária.
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Clean power producer, developer, and energy storage company FirstLight Power has finalized its agreement to acquire Hydroméga Services, including ownership interest in five hydropower generating stations in Québec and five in northeastern Ontario.
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Brazilian utility Companhia Energética de Minas Gerais (Cemig) has found a winning bid for hydroelectric assets the company is auctioning.
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Mexico’s Comisión Federal de Electricidad (CFE) landed a $333.6 million financing for seven hydroelectric plants.
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The government of Ecuador will attempt to procure the Cardenillo and Santiago hydro projects by early next year.
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UK-based Atome Energy has secured power purchase agreements to supply its utility-scale green hydrogen and ammonia project in Paraguay.
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Cemig has signed a power purchase agreement to supply renewable energy to a mining company in Brazil.
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Renewables developer Emrgy has raised $18.4 million in Series A funding to launch a hydro turbine factory in Colorado and support the development of its hydropower projects.
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Clean power producer FirstLight Power has completed the planned integration of H2O Power, the third-largest provider of hydroelectric power in Ontario.
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Brazilian utility Cia Energetica de Minas Gerais (Cemig) will hold an auction on 10 August 2023 to sell off 41.2MW of operational small hydro power projects.
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Paraguay’s state-owned power utility ANDE has signed an agreement with Swedish-based engineering company AFRY and Argentinian firm Latinoconsult to rehabilitate and modernize the 200MW Acaray hydropower plant.
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Brazil’s Eletrobras has acquired an additional 22.9% interest in the holding company of the Santo Antonio hydro plant, bringing the company's total ownership to over 95%.
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Infrastructure investor ArcLight Capital Partners has completed the sale of Great River Hydro to Hydro-Québec for approximately $2 billion.
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Norwegian energy company Statkraft will abandon the building of a dam-toe hydroelectric plant in Chile out of respect for local indigenous communities, which consider the project site sacred ground.
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Miami-based private equity and infrastructure investment firm MGM Innova Capital has secured financing for 3 small hydroelectric assets the company is developing in Peru.
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EDP Brazil has completed the sale of its Mascarenhas hydro power plant to a UK-based investment firm.
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Hull Street Energy has agreed to sell an almost 330MW portfolio of hydroelectric projects spread across the US to LS Power.
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Companhia Siderúrgica Nacional (CSN) has completed the privatization process of Companhia Estadual de Geração de Energia Elétrica (CEEE-G).
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Brookfield Renewable has agreed to partner with InterEnergy Group to develop renewable energy across Latin America.
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ArcLight Capital Partners has agreed to sell its hydroelectric generation platform, Great River Hydro, which owns a portfolio of assets across New England.
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Steelmaker Companhia Siderúrgica Nacional (CSN) has closed its acquisition of the Quebra-Queixo hydro plant in Brazil.
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Brazil’s National Electric Energy Agency (ANEEL) has approved the results of the A-4 New Energy auction held in May.
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Canada’s Polaris Renewable Energy, previously known as Polaris Infrastructure, has closed its acquisition of an operational hydro project in Ecuador.
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UK-based VH Global Sustainable Energy Opportunities (GSEO) has acquired a 198 MW hydro facility in Brazil.
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The Ministry of Energy and Mines of Ecuador has identified 10 hydroelectric projects to add to the country’s energy matrix.
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Celepsa, the power producer subsidiary of Grupo Unacem, has secured a green loan to refinance a hydroelectric power plant the company is operating in Peru.
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EDP has agreed to sell its stake in Hydro Global, a joint venture between EDP and the China Three Gorges (CTG) group.
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The government of Rio Grande do Sul has found a buyer in the privatization process of the state’s electricity generation company, Companhia Estadual de Geração de Energia Elétrica (CEEE-G).
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The state government of Rio Grande do Sul has launched a fresh attempt to privatize the state’s electricity generation company after failing to attract bids earlier in the year.
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Latin American asset manager Patria Investments has completed its acquisition of nine run-of-river hydro assets from ContourGlobal.
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EIG Partners is launching a renewable energy platform in Chile through the merger of EIG-owned Cerro Dominador and recently acquired ANPAC Energia.
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Enel Green Power Guatemala has signed a hydro power purchase agreement with construction materials company Cemex.
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GE Renewable Energy has been appointed to manage the upgrade of the Itaipu hydroelectric plant – the world’s second-largest hydro facility.
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Nevada utility NV Energy has issued a new request for proposals for the procurement of solar, hydroelectric, geothermal, wind, biomass and biogas facilities.
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Colombian utilities conglomerate Empresas Públicas de Medellín (EPM) has secured a 50-year extension to its operating concession for three hydroelectric plants in northern Antioquia.
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Inversiones San Carlos SpA, a subsidiary of Canadian renewables developer Innergex, has submitted a 154 MW run-of-river hydro project for environmental review.
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Brazilian power regulator Aneel has approved the draft concession contract for the 1,676 MW Foz do Areia hydro project, which is due to be privatized.
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Enel Green Power Guatemala has signed a hydro power purchase agreement with a trio of local bottlers of Coca-Cola brand products.
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The Brazilian state of Rio Grande do Sul has postpone an auction for its electricity generation company, CEEE-G, which was slated to be held on February 15.
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Brazilian power regulator Aneel has opened a public consultation for its A-4 power auction, which is scheduled to take place on May 27.
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BBGI Global Infrastructure has invested C$41 million ($32.1 million) in the vehicle responsible for delivering the John Hart Generating Station Replacement P3 hydro project in Vancouver.
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Evolugen (formerly Brookfield Renewable Canada) has signed a power purchase agreement with a Canadian utility for the output of four hydro projects in Québec.
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The Ecuadorean national electricity corporation (CELEC) is seeking an adviser to support the procurement process for a new, large hydro project.
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ContourGlobal has found a buyer for its Brazilian hydro business, which includes nine run-of-river hydro power plants totaling 168 MW of capacity.
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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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Ecuador’s Ministry of Energy and Non-Renewable Natural Resources has launched three procurement processes for renewables, gas-fired and transmission projects in the country, which were announced in September.
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Manulife Investment Management has held a final closing on the Manulife Infrastructure Fund II (MIF II), a $4.65 billion private fund that invests in US energy assets, among others.
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Colombia’s Empresas Publicas de Medellin is in talks with IDB Invest to determine the terms of the prepayment of the debt covering the sponsor’s 2.4 GW Ituango hydro project in northern Colombia.
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Massachusetts-based firm Kendall Sustainable Infrastructure (KSI) has secured financing to support a portfolio of renewable projects primarily located in New York.
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A subsidiary of Chile's AES Andes has filed for Chapter 11 bankruptcy protection in the US after reaching a restructuring agreement with its creditors.
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Enel Generacion Chile has inked a power purchase agreement with commercial manufacturing firm Rheem in Chile.
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Brazil’s Petrobras has reached financial close on the sale of interests in a pair of hydro power plants and a gas-fired project to Global Participacoes Energia (GPE), making the latter the sole owner of the companies controlling the assets.
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Brazilian developer Votorantim Energia is planning to partner up with the investment arm of Canada Pension Plan to consolidate their energy assets into an integrated publicly-listed renewables platform.
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A subsidiary of sugar and ethanol producer Raizen has agreed to launch a joint venture with Brazilian power generator Grupo Gera to develop renewable distributed generation projects in the country.
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Brazil has completed its third power auction for 2021, which favored solar and wind generation projects.
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The merger of Enel's Chilean subsidiaries, namely Enel Generacion Chile and Empresa Electrica Pehuenche, has been suspended after failing to gather support among the latter's shareholders.
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The identity of the financial adviser to Companhia Energetica Integrada (CEI) on its recently formed renewables joint venture with Nebras Power Investment Management (NPIM) in Brazil has emerged.
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AES Corp's Brazilian subsidiary, AES Brasil Energia, has reached out to investment banks as it evaluates a potential follow-on share offering.
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Brazilian development bank BNDES has suspended loan repayments for hydro power plants that each have a capacity of more than 50 MW, as the country faces a devastating drought.
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Vancouver-based renewables developer Elemental Energy has signed a power purchase agreement with a Canadian pipeline operator for the output of a solar project in Alberta.
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Brazilian power regulator Aneel has approved a September auction which will award power purchase agreements to solar, wind, hydro and thermal power plants in the country.
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Ecuador’s Ministry of Energy and Non Renewable Natural Resources has updated its power generation plans to include an additional 1.44 GW of renewable electricity by 2031.
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Atlantic Power has agreed to sell a portfolio of run-of-river hydro projects in New York state to a pair of Canadian buyers.
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Chile’s National Energy Commission (NEC) has taken offers from 29 companies as part of its many times delayed power auction.
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Renova Energia has awarded its stake in hydro firm Brasil PHC to an Emirati state-owned holding company, following a competitive sale process.
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Enel Generación has inked a four-year supply agreement with fruit company Copefrut in Chile.
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Innergex Renewable Energy has purchased the firm that owns and operates an 18 MW run-of-river hydro project in the Chilean region of Los Lagos.
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Spanish independent power producer OPDEnergy has secured an offtaker for a 63 MW (DC) solar project that it is developing in Clarke County, Virginia.
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Enel Green Power's subsidiary in Guatemala has signed a two-year power purchase agreement with McDonalds Corp's local branch.
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Ecuador's Ministry of Energy and Non-Renewable Natural Resources is preparing to procure 500 MW of renewable generation in the country, up from its previously announced target of 200 MW.
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Energy storage developer Daybreak Power has secured a preliminary permit from the US Federal Energy Regulatory Commission for a 2.65 GW pumped hydro storage project in Washington state.
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ArcLight Capital Partners has closed its first continuation fund, namely the ArcLight Renewable Infrastructure Fund.
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Basalt Infrastructure Partners has completed the sale of its Michigan-based electric utility, Upper Peninsula Power Company (Uppco).
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Bakken Energy has partnered with Mitsubishi Power Americas in an effort to acquire the only coal-to-synthetic natural gas production facility in the US and redevelop it as a clean hydrogen hub.
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Non-binding bids are due soon for the sale of a development-stage, 500 MW pumped hydro storage project in Washington state.
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AES has inked a power purchase agreement with Google to supply electricity to the internet giant's Virginia-based data centers.
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AES Corp has sealed a power purchase agreement for a project in Hawaii that combines solar generation with pumped storage hydro.
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Brookfield Renewable Partners has closed the $400 million second part of a deal to buy TransAlta Corp securities totaling $750 million that are convertible into hydro project equity.
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Enel Americas has appointed two investment banks to advise on the process of integrating Enel Green Power's renewable energy businesses in Central and South America, other than in Chile.
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Enterprising energy innovators never tire of coming up with unlikely new locations for power generation – on highways, in roof tiles, at the end of a kite string – with mixed results. Now there’s a start-up producing electrons from municipal water pipes.
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As Latin America's power sector grapples with the consequences of the pandemic, PFR has brought together a diverse panel to share their perspectives on how the market will move forward.
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Brookfield Renewable Partners has promoted its chief investment officer Connor Teskey to CEO, replacing Sachin Shah, who has moved into a senior role at the company’s financial sponsor Brookfield Asset Management.
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Italian energy company Enel has begun the process of integrating its renewable energy businesses in Central and South America, other than in Chile, into its main Americas subsidiary, Enel Americas.
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Six companies have been awarded firm energy obligations for thermal and hydro plants in Colombia as a result of the reliability auctions that took place in September.
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Colombia's Empresas Públicas de Medellín has received a $100 million payment from insurer Mapfre Seguros Generales de Colombia to cover contingency costs associated with construction problems with the 2.4 GW Ituango hydro project.
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Ecuador’s Ministry of Energy and Non-Renewable Natural Resources is planning a procurement process for 200 MW of renewable energy assets.
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Brazil's Companhia energética de São Paulo (CESP) has issued R$1.5 billion ($268 million) in debentures to refinance the 1.54 GW Porto Primavera hydro project in Parana.
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Brookfield Renewable Partners and Hannon Armstrong Sustainable Infrastructure Capital both recently offered green bonds to debt investors in a range of tenors and currencies.
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An investor-owned utility is forging ahead with a re-worked auction process for an operating hydro portfolio located within PJM Interconnection.
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Colombia's Empresas Públicas de Medellín (EPM) says it is preparing to file a Ps$9 trillion ($2.38 billion) lawsuit against the construction firms in charge of its 2.4 GW Ituango hydro project in the department of Antioquía.
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Kayne Anderson Capital Advisors has launched Kayne Anderson Renewable Infrastructure Fund, an open-ended mutual fund that will target companies that own, operate, and develop renewable energy assets.
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Enel Green Power has inked a 10-year power purchase agreement with Guatemala's power distributor Comercializadora de Energia para el Desarrollo (CED), owned by food and energy conglomerate Grupo Magdalena.
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Hydro-Québec's Isabelle Bedard has been seconded to Innergex Renewable Energy as a finance and M&A director as part of strategic alliance between the two companies.
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Colombia’s Empresas Públicas de Medellín (EPM) has begun the permitting process for a 100 MW hydro project in the department of Antioquía.
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Enel Chile has pushed back the commercial operations date for its 150 MW Los Cóndores hydro project as it prepares to pull the plug on its coal-fired assets.
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Norway's state-owned power company Statkraft has signed an agreement to supply Norwegian fish food producer Skretting's operations in Chile with renewable energy.
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Copenhagen Infrastructure Partners has secured a hedge for a solar project it is developing in Ercot.
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California community choice aggregator Clean Power Alliance (CPA) has approved several utility-scale solar-plus-storage power purchase agreements.
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Petrobras has begun the non-binding phase of the sale of its stake in five power plants totaling 682 MW in Brazil.
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PacifiCorp has issued the largest request for renewable resource proposals in the company's history.
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Everyone knows how pumped hydro energy storage works. Water is pumped up a mountain or to some other high place during periods of low demand, before being allowed to flow back through a turbine to generate electricity during peak hours. But what if, instead of being pumped up, the water was pumped down?
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Evolugen (formerly Brookfield Renewable Canada) tested the limits of Canadian investors' appetite for delayed-draw private placements in November 2019, when it issued a dual-tranche project bond to refinance a 488 MW hydro portfolio in Ontario.
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Canada's Polaris Infrastructure is looking to enter the Panamanian power market with the acquisition of a 10 MW hydro plant from Navitas Holdings.
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Petrobras has issued a teaser for the sale of its stakes in five gas, oil, diesel-fired and small hydro plants in Brazil.
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Canada's Polaris Infrastructure has closed a $27 million debt package from Brookfield Asset Management's Infrastructure Debt Fund for a portfolio of hydro projects in Peru.
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Canadian gold mining firm Soma Gold Corp has signed a power purchase agreement for the output of two small hydro projects in Colombia as a condition of its acquisition of a local mining business.
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Pacific Hydro, a renewable energy company with assets in Australia, Chile and Brazil, is looking to refinance corporate debt with a roughly $400 million loan.
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TC Energy has made an equity investment in Turning Point Generation, a company that is developing up to 400 MW of pumped hydro capacity in Alberta.
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LS Power has agreed to buy the one-half stake that it does not already own in the 420 MW Yards Creek pumped hydro plant in Blairstown, New Jersey.
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Norwegian state-owned power company Statkraft has inked two power purchase agreements with food company Agrosuper in Chile.
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Guatemala’s power distributor Energuate has awarded five-year power purchase agreements to four companies as a result of a tender process that began earlier this year.
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Citi has signed a deal with an end customer to cover a portion of the output of a Texas wind project that was financed on the basis of a hedge provided by the bank last year.
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Enel Green Power has signed a five-year power purchase agreement to supply 42 GWh of energy per year to a Guatemalan distribution company.
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An Argentinian power industry association has warned that the sector could face bankruptcies as the government implements the pesification of power contracts and denies inflation adjustments to struggling generators.
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Sempra Energy is nearing the close of the sale of its Peruvian assets to a Chinese buyer having received all required government authorizations.
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Panama's state-owned transmission company Etesa has awarded short-term power purchase agreements with distribution companies to 18 generation companies.
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Puget Sound Energy has signed a power purchase agreement for the output of the major hydro project in the U.S. to be fully owned by Native American tribes.
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The Private Financing Advisory Network (PFAN) has launched a request for proposals for clean energy projects in the Caribbean and Central America.
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Colombia's National Authority of Environmental Licenses (ANLA) has refuted a claim by Empresas Públicas de Medellín (EPM) that the company had received approval to move forward with the construction of its 2.4 GW Ituango hydro project.
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EDP Brazil plans to sell some of its assets in the country in 2020 to finance investments in transmission line and power distribution projects.
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Thirty-nine generation companies have presented bids for a public auction run by Panama's state-owned transmission company Etesa, which will award the winners short-term power purchase agreements with distribution companies.
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Brazilian state-controlled power generator Copel has started the process of selling its main asset—the 1,676 MW Foz da Areia hydro project.
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Fund manager Harbert Management Corp. almost doubled its renewable energy holdings at the end of 2019 when it acquired a stake in an 812 MW wind portfolio, a deal it ultimately opted to finance in the bank market through a holding company called Gulf Plains Wind.
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AES Gener has signed a 20-year power purchase agreement with a copper mine in Chile that is owned by Canada's Teck Resources Limited.
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Hull Street Energy has sealed privately placed debt financing to support its acquisition of a 255 MW hydro portfolio from Enel Green Power North America and GE Energy Financial Services.
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H20 Power, a subsidiary of Canada’s Public Sector Pension Investment Board, has sold a share of its operating hydro portfolio.
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A more-than-1 GW portfolio of wind and hydro projects in the U.S. is set to be split up and sold off separately to two new private equity owners, following a competitive sale process.
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Changes to Mexico's clean energy certificate program could spell trouble for renewable energy developers in the country that had banked on selling certificates in the open market, but most of the wind and solar assets being considered for project finance had already locked in a fixed price, say market participants.
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Two companies have signed 20-year power purchase agreements with wholesale power market administrator Cammesa for projects awarded during the third round of the Argentinian renewable procurement program, RenovAr.
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After several months of negotiations to refinance a bank loan with a private placement, the owners of the Duqueco hydro complex in Chile canceled the bond sale at the last minute and opted for a renegotiation with the banks instead.
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A new bill to freeze consumer power prices in Chile has some project finance bankers worrying about the potential impact on projects with older, higher-priced power purchase agreements.
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Colombian power generator Empresas Públicas de Medellín (EPM) has launched the sale of its shares of a hydro asset in Colombia on Oct. 30.
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Middle-market private equity firm Hull Street Energy has agreed to buy a contracted hydro project in West Virginia.
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Sempra Energy has agreed to sell its interest in Peruvian electricity distributor and hydro developer Luz del Sur to a Chinese buyer.
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The government of Northwest Territories in Canada has appointed Canada Infrastructure Bank to provide advisory services on the Taltson hydroelectricity expansion project.
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Colombian power generator Empresas Publicas de Medellin (EPM) has issued $1.3 billion in bonds in the international markets to refinance its debt.
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Copenhagen Infrastructure Partners has acquired a stake in Absaroka Energy’s 400 MW Gordon Butte pumped hydro storage project near Martinsdale, Mont.
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I Squared Capital has inked a deal to sell a 385 MW U.S. hydro platform to a strategic investor.
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Connor, Clark & Lunn Infrastructure has completed the acquisition of a majority stake in Bremner Trio Hydro Corp., the owner of two construction-stage, run-of-river hydro facilities near Harrison Lake in British Columbia, and closed C$197 million ($148 million) in construction debt financing.
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Latin America Power has closed the refinancing of a 73 MW portfolio of hydro projects in Peru.
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Mid-market private equity investor Hull Street Energy has reached final close on its first institutional equity fund.
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Colombia’s Century Energy Corp. has requested $60 million in support loans from IDB Invest to help finance two run-of-river hydro projects in the country.
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Brookfield Asset Management has added a horde of professionals to the ranks of its renewable energy business since the beginning of the year, most recently Rahul Sharma, who was previously a senior project finance professional at NextEra Energy Resources.
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A senior project finance professional has left NextEra Energy Resources to take up a new position in New York.
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Brookfield Renewable Partners has announced a deal to acquire securities that are convertible into equity in TransAlta Corp.’s hydro portfolio in Alberta.
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Two ratings agencies have chimed in on TransAlta Corp.’s decision to divest its Alberta hydro assets to Brookfield Renewable Partners.
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Brookfield Renewable Partners has announced a deal to acquire securities that are convertible into equity in TransAlta Corp.’s hydro portfolio in Alberta.
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Connor, Clark & Lunn Infrastructure and Desjardins have acquired Canadian renewables business Regional Power from Manulife.
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This week's PPA Pulse showcases the variety of end users procuring renewables, with deals involving social media company Facebook, chip maker Intel Corp., industrial gas producer Air Liquide, Brazilian telecom company The Claro Group and two universities.
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Power Finance & Risk is now accepting pitches for Deal of the Year as part of its 16th Annual Deals and Firms of the Year Awards, recognizing excellence in power asset M&A and project finance across the Americas.
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Hydro Global, a 50:50 joint venture between China Three Gorges Corp. and EDP Energias de Portugal, has acquired an 80% stake in a 170.9 MW portfolio of run-of-river hydro projects in Colombia from Macquarie Development Corp.
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The University of Pittsburgh has signed a letter of intent with Rye Development to purchase the output of a 17 MW run-of-river hydro project on an existing dam in Pittsburgh.
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Brookfield Renewable Partners has sold a 25% stake in a 413 MW portfolio of hydro assets in Canada and is preparing to sell another 25% of the same portfolio by the end of the year.
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Paraguay, home to Jesuit ruins, rainforests and the world’s largest dam, will also soon be home to what is being touted as the world’s largest cryptocurrency mining center and exchange, which will be powered by the massive, state-owned Itaipú hydroelectric project under a 15-year contract.
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Fresh from its latest round of asset sales, AltaGas is looking to offload even more generation, in the form of hydro projects, in order to fund capital projects.
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AltaGas has raised about $874 million by floating a portfolio of Canadian utility and power assets and loading the newly listed spin-off with debt.
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Connor, Clark & Lunn Infrastructure is buying a majority stake in a pair of hydro plants in British Columbia totaling approximately 50 MW.
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Dominion Energy has reached agreements with two buyers for the sales of three generation assets located in Pennsylvania, Rhode Island and Louisiana for a combined $1.32 billion.
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Hull Street Energy has closed its $83 million acquisition of a 68.2 MW New Hampshire hydro portfolio from Eversource Energy, some 10 months after signing the deal.
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A shareholder group led by Hudson Clean Energy Partners has agreed to sell hydro portfolio company Eagle Creek Renewable Energy to Ontario Power Generation.
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After a slow first three months of the year, project finance activity picked up in the second quarter, propelling MUFG to the top spot of the North American power project loans and bonds league tables.
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Colbún has won a competitive tender process to supply a Chilean copper mine with renewable energy.
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Glenfarne Group announced its subsidiary, EnfraGen, had raised $700 million for an eight-project portfolio of diesel and hydro assets in Chile and Panama on July 11.
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Electric cooperative American Municipal Power is marketing a bond backed by a portfolio of run-of-river hydro projects in Kentucky and West Virginia, the proceeds of which it will use to repay debt drawn under a revolving credit facility associated with the assets.
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Atlantic Power Corp. has agreed to acquire a 50% stake in a run-of-the-river hydro project in Washington state for $11.8 million, becoming the project’s sole owner and operator, in what will be its first external growth investment in three years.
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A 2.6 GW hydro project built in the Soviet Union in the 1950s is partly to blame for the decline of sturgeon that has devastated the Russian caviar industry, according to a British wildlife conservation researcher.
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A private equity firm has suspended a sale process for a stake in a hydro portfolio company.
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A joint venture between Axium Infrastructure and Manulife Financial Corp. has agreed to acquire a 35% stake in AltaGas’ hydro assets in northwest British Columbia for C$922 million (approximately $700 million).
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Brazil’s CPFL Geração de Energia has received board approval to raise R$1.4 billion ($375 million) in the debt market.
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PFR is pleased to announce the winners of its 15th Annual Deals and Firms of the Year Awards, with added emphasis this year on the leading investment banks in power across the Americas.
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Hydro shop Northbrook Energy has agreed to acquire a run-of-river generation portfolio in the Western Carolinas from a subsidiary of Duke Energy.
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Innergex has lined up the purchase of a pair of hydro projects in Chile in partnership with local company Energía Llaima, marking the Canadian developer's first step into Latin America.
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Innergex Renewable Energy has taken full ownership of several Canadian hydro assets by acquiring a 33.3% stake in the projects from Ledcor Power Group.
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AES Gener has put the finishing touches to a restructuring agreement with the banks that are funding its troubled 531 MW Alto Maipo hydro project in Chile, and Fitch Ratings has bumped up the outlook on the company's debt as a result.
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Canada’s Hydro One is moving closer to sealing its acquisition of Washington state-based Avista Corp.
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Nova Scotia’s Department of Energy has issued marine renewable energy permits and authorized a power purchase agreement for a tidal generation project in the Bay of Fundy.
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Canada’s Sekw'el'was Cayoose Creek Band and Innergex Renewable Energy have renewed their electricity purchase agreement with BC Hydro for the output of a 16 MW run-of-river hydro project in British Columbia.
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Canadian utility British Columbia Hydro and Power Authority (BC Hydro) is freezing energy procurement until further notice, following the victory of the New Democratic Party in a provincial election in British Columbia last year.
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Troutman Sanders has hired a former Van Ness Feldman lawyer who specializes in hydro regulation as a partner in its Washington, D.C., office.
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Delegates at the Euromoney Seminars 12th Annual Latin American Energy & Infrastructure Finance Forum in Miami Beach are keeping at least one eye on Latin America’s colorful political landscape, as a year of national elections and unfolding corruption probes promises to have a bearing on project financings and M&A deals.
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The New York State Research and Development Authority has awarded $1.4 billion of renewable energy credit contracts to 26 solar wind and hydro projects following a competitive procurement process.
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An Oregon utility has signed two power purchase agreements for generation from the Federal Columbia River Power System to make up for the planned retirement of a 550 MW coal-fired plant, as it prepares a renewables procurement exercise.
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Rye Development, which owns hydro assets in several U.S. states, has appointed a new chief executive.
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There are a few days remaining to cast your votes for the best project sponsors, banks, law firms, institutional and tax equity investors and deals in PFR's 15th Annual Deals and Firms of the Year Awards.
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The #PowerTweets feature tracks trends in project finance and M&A in the Americas on Twitter.
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Brookfield Renewable Energy Partners has priced a private placement to refinance a pair of Pennsylvania hydro projects.
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Brookfield Renewable Energy Partners issued $350 million of 15-year senior secured notes this month to refinance the 248 MW Holtwood facility and the 44 MW Wallenbaupack project.
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Brookfield Renewable Energy Partners is refinancing a pair of Pennsylvania hydro projects in the private placement market.
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Project finance bankers are pinning their hopes on merger and acquisition activity to keep them busy this year, but they may have to wait a while for it business to pick up, say deal watchers.
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A private equity firm has hired an adviser to sell its stake in a portfolio of hydro assets spread across the U.S.
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Canadian miner Kinross Gold Corp is planning to raise around $200 million of debt to part-finance its acquisition of two hydro plants in Brazil with a combined capacity of 155 MW.
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Bonds increased as a proportion of North American project finance deals in 2017 versus loans, as MUFG remained top in both categories, according to data from Dealogic.
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A proposal to link Canadian hydro projects to the U.S. grid has been selected in a request for proposals in New England as T-Mobile emerges as a second non-utility offtaker for a Kansas wind project and Duke Energy strives to meet a poultry waste generation target, all in this week’s PPA Pulse.
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A northern partnership seeking to link Canadian hydro projects to the U.S. grid has emerged as the preferred bidder in a request for proposals in New England, as a Louisiana utility moves ahead with its plan to add more renewables to its fleet.
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Italian companies Building Energy and Grupo Scotta have created a joint venture with a view to developing around 30 MW of solar and hydro projects in Chile, which will require a total investment of roughly $37 million.
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Empresas Públicas de Medellín has signed a $1 billion AB term loan package for its 2.4 GW Ituango hydro project in northern Colombia, in a rare example of international commercial banks joining a big-ticket deal in the country’s power sector.
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