Industry Groups / Associations
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Zona Energía's private auction in Chile will benefit from a reform that bans Chile's power distribution companies from selling power to large consumers known as clientes libres or free clients.
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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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Blackstone company Fisterra Energy is pursuing the refinancing of a combined-cycle gas-fired plant in Mexico, which was meant to start operating in December of last year.
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IDB Invest is preparing to lend $1.1 billion to the Chilean power sector, which has been struggling to make ends meet after the implementation of new regulatory measures in the past six months.
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Colombia’s Mines and Energy Planning Unit (UPME) has delayed the procurement process for a transmission line in the country’s Caribbean region for the second time in a month.
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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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Spanish renewables developer Acciona has brought in one financial investor and is looking for another to jointly acquire KKR & Co.'s minority stake in its international generation subsidiary, Acciona Energía Internacional.
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A group of renewable energy companies have written to the Chilean government to warn it that recent policy changes in response to protests and the Covid-19 pandemic threaten to stifle international investment in the sector.
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Colombia's Renewable Energy Association (SER) has requested an extension in the construction timelines of solar and wind parks awarded contracts during Colombia's renewable auction last fall.
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Vienna-headquartered AustrianSolar is moving forward with the development of a 141 MW solar project in Chile.
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Ecuador's state-owned Ecuador Electric Corporation (CELEC) has delayed the tender for a 14.8 MW (DC) solar project with a battery storage unit on the Galapagos islands.
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Atlas Renewable Energy, the Latin American renewables portfolio company of private equity firm Actis, is plotting the development of an 854 MW solar park in Chile.
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Atlas Renewable Energy financed a pair of solar projects in Chile in the U.S. private placement market at the beginning of March, skillfully winning over a skeptical investor community that lacked positive experiences of financing renewables in the country.
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Developers in Mexico have been left waiting for the government to release its private investment plan for energy projects following a delay by the administration.
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Colombia’s Interconexión Eléctrica (ISA) has inked an agreement to acquire a Peruvian transmission company from I Squared Capital.
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Chilean developer Biwo Renewables is plotting the development of a pair of wind farms in the country.
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As the Colombian government prepares to sell Electricaribe back into private ownership, a municipality within its service territory is attempting to take matters into its own hands.
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Spain's Acciona has inked a power purchase agreement with salt producer K+S Chile—its seventh contract with a corporate offtaker in the country.
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Seven companies have presented bids for a transmission project in a procurement process arranged by Panama's state-owned transmission company Empresa de Transmisión Eléctrica (Etesa).
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Austrian solar developer Clean Capital Energy (CCE) is developing an 86 MW project in Chile, the second of the four projects the company is eying in the country.
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Mike Mendelsohn, senior director of capital markets and project finance at the Solar Energy Industry Association, has departed the trade organization.
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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 first person to walk to both the North and South poles is returning to the Antarctic, this time with his progeny—and some solar panels—in tow.
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Cheap debt and the ticking clock strapped to federal tax credits could well bolster wind project development over the next year, said financiers at the American Wind Energy Association’s Wind Energy Finance & Investment Conference 2017 on Oct. 25 and 26.
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Some of the power finance world’s fresher faces gathered at CohnReznick Capital’s offices in New York’s Credit Lyonnais Building on Oct. 12 for Juniors in Energy Finance's inaugural “30 Under 30” presentation event.
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The Brazilian Development Bank has tinkered with the way it accredits solar systems and modules at a national level, in a move that bank and commercial bankers say should prompt more funding flow to smaller renewables companies.
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Solar and Property Assessed Clean Energy (PACE) experts at the IMN Green Investing Conference on Thursday noted that both markets will see more participation as issuance accelerates and the sectors become more sophisticated.
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Paige Wisdom, the former chief enterprise risk officer at Freddie Mac, has joined residential Property Assessed Clean Energy (PACE) lender Renovate America as cfo.
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Hannon Armstrong has issued an $84 million green debt private placement to finance solar and energy efficiency projects in an offering arranged by BlackRock.
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Dayton Power & Light, a utility owned by AES Corp., has committed to sell three coal projects, shutter two others and buy or develop at least 300 MW of wind and solar generation in a settlement with several Ohio entities in relation to its rate case before the Public Utilities Commission of Ohio.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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The future of the U.S. Environmental Protection Agency, the Clean Power Plan and tax credits for renewable generation are all up in the air following Donald Trump's presidential win in the early hours of Wednesday morning.
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Target has knocked Walmart off its perch atop the Solar Energy Industries Association’s ranking of commercial and industrial solar installers, published in the association's annual “Solar Means Business” report.
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Panelists discussed the increasing ownership of wind projects directly by utility companies at the AWEA Wind Energy Finance and Investment Conference at the Westin New York at Times Square on Oct. 5.
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Tax equity investors are paying close attention to a growing risk for wind projects with non-traditional offtake agreements. At issue is the difference between the price of power at the point of injection and the price where the offtake contract is settled.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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GE Energy Financial Services is selling a portion of its 49% stake in the 750 MW Towantic combined-cycle gas-fired project in Oxford, Conn., to an infrastructure fund.
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SolarCity is internally restructuring and cutting operational costs, after it revised its growth expectations downward in its second quarter earnings call last week.
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The Rocky Mountain Institute has partnered with a local community organization in upstate New York to issue a request for proposals for at least 16 MW from community solar projects in and around Rochester.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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The trend toward commercial bank financing of solar projects in Chile on a merchant basis may have stalled, as some projects financed in recent years without power purchase agreements enter restructuring.
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Bats are observed more frequently at wind turbines on moonlit nights, looping, diving, hovering and chasing each other. They also visit wind farms more often in low wind speed conditions, according to the latest scientific research.
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Over 4 GW of coal-fired generation in Texas will be retired under the Clean Power Plan, roughly one-quarter of the states’ coal capacity, according to a report published by the Electric Reliability Council of Texas on Friday.
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The causes and consequences of the recent yield company turmoil, the impact of the Clean Power Plan and hopes to resurrect the production tax credit were all topics of conversation at the American Wind Energy Association Wind Energy Finance and Investment Seminar in at the Roosevelt Hotel in New York.
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On Sept. 16, PJM market participants and industry observers from further afield gathered for the PJM Market Summit to discuss the introduction of new capacity performance rules and the evolution of demand response products.
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MidAmerican Energy is acquiring a 250 MW wind project in Iowa from Invenergy.
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The Idaho Public Utilities Commission’s decision to reduce the length of so-called PURPA contracts by 90% will halt renewables development in the region, warns the Solar Energy Industries Association.
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In the second instalment of this feature, Benjamin Israel, a partner at Kaplan, Kirsch & Rockwell, explores the political and market implications of the U.S. Court of Appeals' decision in the case of the Energy & Environment Legal Institute v. Joshua Epel et al.
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Obama has set the first ever federal limits on U.S. power plant carbon emissions in a move that is expected to lead to a deluge of renewables projects.
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Capital Power is planning to issue roughly C$300 million in a senior notes to refinance an existing bond maturing in December 2015, and term out a portion of its drawn credit lines in a volatile Canadian debt market.
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Organización Soriana, which was able to secure a grandfather permit before Mexico's new energy reforms kicked in, has raised $260 million to construct a pair of wind farms totalling 99 MW in Tamaulipas.
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Wind is being used to power the 11-day NCAA Men's College World Series tournament, which begins in Omaha, Neb. on June 13.
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A $900 million debt, which Moxie Energy is hoping to raise, is the latest among several financings that industry observers say areunlikely to close until the delayed PJM capacity auction for delivery year 2018-2019 takes place.
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A SCANA subsidiary is prepping for an RFP aimed at contracting at least 50% of 84 MW in planned solar capacity from utility-scale facilities in South Carolina.
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This week's Industry Current is written by Benjamin L. Israel, a Washington, D.C.-based partner at Kaplan, Kirsch & Rockwell. This feature provides context for what the Tesla Powerwall means for retail consumers and wholesale generation, transmission and distribution.
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Keith Martin, partner at Chadbourne & Parke expounds the framework laid out by the IRS for companies aiming to operate as master limited partnerships.
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Atlantic Power is considering upsizing its seven-year $600 million term loan B to pay down a portion of roughly $316 million in outstanding convertible debentures.
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The San Mateo, Calif.-based pioneer of asset-backed rooftop solar securities continues exploring new financial structures under its latest hire, Marco Krapels, senior v.p. of structured finance and strategy. In the first instalment of this PFR exclusive, Krapels spoke to Senior Reporter Olivia Feld about SolarCity’s expansion plans and asset class growth.
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Solar developer Cypress Creek Renewables has tapped Allan Riska, formerly senior manager in project finance at SunEdison, as director of its project finance group.
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Greg Leveto, formerly a v.p. of hard asset trading at Goldman Sachs, is joining Deutsche Bank AG as a director in the transportation, infrastructure and energy finance group.
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This week’s Industry Current is written by Chadbourne & Parke attorneys David Jiménez Romaro and Javier Félix Muñoz from Mexico City, and Raquel Bierzwinsky from New York. The authors examine the evolving regulatory framework for geothermal exploration and production in Mexico.
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Developers and financiers are actively planning securitizations for portfolios of solar installations, according to panelists at the Information Management Network’s 3rd Annual Sunshine Backed Bonds conference in New York on April 30 and May 1.
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Alliant Energy Corporate Services is inviting bids to contract up to 200 MW of wind projects across Iowa.
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Western Energy Partners is looking to raise debt for its 750 MW Clean Path project near Waterflow, N.M. after it secures a long-term offtake contract.
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With about 800 MW of wind trades grabbing the spotlight this week, this week has seen a spate of M&A activities in the wind space.
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This week’s Industry Current is written by Jake Seligman, associate at Chadbourne & Parke in Washington, D.C. Seligman evaluates the opportunities for municipalities to tap into tax-exempt lease purchases for financing the purchase of U.S. distributed solar projects.
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BlackRock is taking a 90% stake in a pair of wind farms totaling 80 MW in Iowa from wind developer RPM Access.
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More shops are circling yieldco IPOs even as investor appetite for yieldco paper grows against the backdrop of an industry that is moving toward consolidation.
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Hydro-Québec has issued a request for proposals for 500 MW of capacity generation in Québec.
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EDP Renewables has sold a 35.9% stake in a portfolio of wind assets totaling 1,100 MW in the U.S. to a consortium led by Fiera Axium Infrastructure.
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I Squared Capital has clinched a $3 billion fund focused on investments in infrastructure, including power and utilities.
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Vivid snapshots of the Platts 30th Annual Global Power Markets conference from our reporter's desk.
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An Argo Infrastructure Partners subsidiary has bought the Cross Sound Cable from an affiliate of Brookfield Infrastructure Partners.
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Global giants Wal-Mart, Procter & Gamble and General Motors have racked up offtake contracts totaling 140 MW of wind and biomass generation across the Americas.
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Project financiers at Platts’ 30th Annual Global Power Markets are competing for business as lenders continue to surge into power and energy deals in the Americas.
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A pair of PPL Corp. affiliates is in talks with banks to finalize book runners for an issuance of up to $1.05 billion in senior secured first mortgage bonds.
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Transactions backing solar storage could become mainstream in the coming years, according to panelists at Platts' 30th Annual Global Power Markets conference in Las Vegas on April 13.
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LNG export facilities in the U.S. and gas pipeline projects in Mexico will help balance a growing surplus of natural gas in North America, Bentek Energy presenters noted at Platts' 30th Annual Global Power Markets conference in Las Vegas on April 13.
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Fortis is selling its interests in a portfolio of hydro projects in New York to an affiliate of the City of Ottawa.
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This week’s Industry Current is written by David Burton, partner, and Richard Page, associate at Akin Gump Strauss Hauer & Feld in New York. Burton and Page examine the effects of the New York State budget on solar tax incentives.
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AES Corp. has secured a fixed coupon of 5.5% to refinance its existing debt through $575 million in senior unsecured notes.
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Northwestern Mutual is selling stakes in a 400 MW wind portfolio to an affiliate jointly owned by JPMorgan Capital Corp. and a Hannon Armstrong subsidiary.
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GE Energy Financial Services and Enel Green Power North America are launching yield company EGPNA Renewable Energy Partners.
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Pricing talk has emerged on the $275 million term loan package backing Longview Power, launched by Morgan Stanley and KKR Capital Management last week.
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Duke Energy Progress is buying back 700 MW nuclear and coal-fired stakes from the North Carolina Eastern Municipal Power Agency in exchange for a wholesale contract from the agency.
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Greenleaf Power is acquiring Leidos’ 37.5 MW Plainfield Renewable Energy biomass project in Plainfield, Conn.
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Puerto Rico-based Aspenall Energies has bought the 21 MW Grant County wind project in Minnesota from Olympus Power.
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Eversource Energy is looking to sell roughly 1 GW of hydro and thermal plants in New Hampshire through an auction.
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Innergex Renewables has closed a C$491.6 million ($392 million) financing for two hydro projects in British Columbia, its largest project financing to date.
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Utilities and operators of U.S. coal-fired generation are planning to shutter hundreds of assets against the backdrop of stringent emissions regulations and heavy plant maintenance costs.
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Google is unveiling airborne wind turbines based on the designs of an avid kite-surfing engineer. The turbines will take flight next month.
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This week’s Industry Current is written by Randy Male, managing director at boutique investment banking firm Bostonia Partners in Boston. Male discusses the growing appetite for yield companies and evolving trends in renewables financing.
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Evelyn Lim, partner at Chadbourne & Parke in Los Angeles, is leaving the firm to join TerraForm Power as managing director for North American origination.
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We Energies has scrapped the sale of its 431 MW coal-fired facility in Michigan to Upper Peninsula Power Co.
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Jim Schaefer, senior managing director and global head of energy, power & renewables, has left Blackstone Advisory Partners in New York.
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AES Corp. has sealed its purchase of Boulder, Colo.-based solar developer Main Street Power for $25 million.
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Solar, particularly distributed generation, continues to hold the market’s attention as investors look to get into the game ahead of the investment tax credit plunge in 2017.
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Tenaska's controlling stake in N.J.-based solar developer Soltage is expected to support the latter's deployment of $250M+ into a 125 MW portfolio this year.
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An affiliate of Royal Dutch Shell is in advanced discussions with Gestamp Solar to acquire 280 MW of utility-scale solar assets in California.
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Ontario’s Independent Electricity System Operator has issued a request for proposals for 565 MW of renewable generation.
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First Solar and SunPower have filed with the U.S. Securities and Exchange Commission for a proposed an initial public offering backing their new yield company 8point3 Energy Partners.
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Northland Power is in talks with lenders to arrange more than $1 billion in senior secured loans for two wind farms on either side of the Atlantic.
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Panda Power Funds has raised pricing on its refinancing backing its 758 MW Temple 1 project in Texas to 625 basis points over LIBOR.
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Larry Kellerman, former ceo of Houston-based Quantum Utility Generation, has moved on to his next venture.
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Solar Star Funding, a subsidiary of Berkshire Hathaway Energy, has upsized an issuance of senior secured series B notes by $10 million.
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Larry Kellerman, former ceo of Quantum Utility Generation is poised to grow his new venture, Twenty-First Century Utilities as he looks to wed utilities to the latest technology. In this exclusive, Senior Reporter Olivia Feld spoke to him about his company's plans for acquisitions and his take on the future of the utility model.
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This week’s Industry Current is written by Jake Seligman, associate at Chadbourne & Parke in Washington, D.C. Seligman evaluates investor attraction to community solar projects and offers insights into key opportunities, risks and challenges.
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The Yieldco Sweep is an exclusive monthly feature that tracks the performance and activity of key yield companies in the power sector with illustrative graphics and market insight.
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This week’s Industry Current is written by David Burton, partner, and Richard Page, associate, at Akin Gump Strauss Hauer & Feld in New York.
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First Solar and SunPower are in advanced talks to launch a joint yield company.
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Duke Energy Carolinas is soliciting bids to acquire, or contract with, up to 50 MW of solar projects near West Raleigh, N.C.
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Technology companies are providing a bright spot in the perennial hunt for power purchase agreements this month.
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In the second installment of this PFR Exclusive, Andrew Platt, head of project finance Americas at BNP Paribas sits with Senior Reporter Olivia Feld to discuss the bank's take on deal flow in Latin America, and trends in M&A and LNG export facility financing.
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The Tennessee Valley Authority has agreed to acquire Quantum Utility Generation’s 760 MW CCGT Choctaw plant near Ackerman, Miss., for $340 million.
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Andrew Platt, head of project finance in the Americas for BNP Paribas, sits down with Senior Reporter Olivia Feld to discuss the bank’s structure and strategy in North and South America.
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Developers are increasingly seeking financing for community solar projects.
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Lenders and tax equity investors are increasingly looking to participate in financings backing distributed generation portfolios.
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Financings backing merchant and hedged projects continue to hit the sweet spot for lenders. Debt pricing also surfaced in several panels at Euromoney Seminars’ 10th Annual U.S. Power & Renewables conference held in New York this week.
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Dynegy is nearing the sale of its 2.7 GW portfolio of fuel-oil and natural gas-fired assets in California.
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The lack of PPAs and an abundance of capital are driving more lenders to participate in merchant and quasi-merchant deals.
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Calpine Corp. has appointed two staffers from EDP Renewables North America as the independent power producer considers growing its renewables activities.
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Mona Dajani, partner at Baker & McKenzie, explains how a recent U.S. Federal Energy Regulatory Commission policy statement could, if adopted, have a significant impact on valuations of large regulated utility mergers and swaps of generation asset portfolios.
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Atlantic Power Corp. has appointed James J. Moore as its ceo. Moore will play a key role in evaluating the Boston-based company’s generation fleet for potential sales, according to a spokeswoman.
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A deal to finance Genesis Power’s $700 million natural gas-fired Keys Energy Center project in Brandywine, Md., could close as soon as next month, according to a deal watcher.
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Institutional investors are increasingly looking to make direct investments in generation and gas-related infrastructure, according to panelists at Infocast’s 7th Annual Projects & Money conference in New Orleans.
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Sponsors, investors and financiers are looking for the next slate of opportunities in gas-fired projects and gas-related infrastructure.
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The proliferation of distributed generation, energy efficiency measures and technologies that enable demand conservation, are putting significant pressure on the traditional utility business model.
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ContourGlobal subsidiary Energia Eolica has issued $204 million in 20-year senior notes in a private placement to refinance Peru’s first wind farms.
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President Obama signed the tax extenders bill into law on Friday, retrospectively extending the production tax credit to the end of 2014.
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The U.S. Senate passed a one-year extension of the production tax credit late on Tuesday. The extension was part of a tax extenders package, which passed 76-16. The tax extenders bill will now move to the President to sign into law.
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The following Industry Current is an edited transcript of a discussion hosted by Chadbourne & Parke focusing on the benefits and disadvantages of the yield company structure.
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The House of Representatives has voted overwhelmingly in favor of a package of tax extensions that includes a one-year renewal of the production tax credit.
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Allete Clean Energy is buying a 108 MW wind project in Iowa from NRG Energy.
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The House of Representatives is set to vote on a package of tax extensions that includes a one-year renewal of the production tax credit this afternoon.
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Energy Investors Funds is planning an initial public offering of a vehicle that will include landfill gas generating assets, according to documents the shop filed with the U.S. Federal Energy Regulatory Commission.
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Wind developers, financiers and attorneys are focusing on Washington D.C. as Congress negotiates an extension of the production tax credit, an incentive that impacts billions of dollars of development projects and deals.
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NRG Yield has agreed to purchase 785 MW of wind and gas-fired assets from parent NRG Energy for $480 million.
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Sales of solar assets boomed in the first half of 2014 and represent the resource with the most growth in number of asset trades over the same period last year.
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Pattern Energy Group Inc. has shaved 100 basis points off commercial bank debt backing its 265 MW Ocotillo wind project in Imperial Valley, Calif.
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Bank of Tokyo Mitsubishi-UFJ has agreed to make a tax equity investment in NextEra Energy Resources’ wind farm in Colorado.
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It was a $7 billion week for power companies in the capital markets. Dynegy launched a multi-tranche $5.1 billion high yield bond sale to pre-fund its acquisition of 12 GW from Duke Energy and Energy Capital Partners.
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Contention over pricing and a lengthy due diligence process for Cape Wind's $1.95 billion deal are causing many bankers to question the feasibility of the commitment deadline at month-end.
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TerraForm Power and SunEdison are buying a portfolio of 30 MW of solar assets from energy retailer Just Energy Group.
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NRG Energy and LS Power are among a wave of sponsors out looking for repricings on project finance deals inked in 2011 and 2012.
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Autumn is a time for pumpkin-flavored everything, breaking out cozy sweaters and fresh starts for Entegra Power Group and Lincoln Renewable Energy.
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A pair of energy efficiency securitization deals is percolating at Citigroup that could hit the market in the next six months.
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The yield company dance card could double its size in 2015 as a variety of shops consider making a run at the public markets.
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The global wind and solar joint venture between Acciona and KKR could hit the public markets in the first quarter.
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This week’s Industry Current is the transcript of a discussion between a group of seasoned investment bankers that focused on new financing trends, including the term loan B market, green bonds, state green banks, yield companies, financing for merchant plants and other topics.
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Developers are preparing to submit bids in the next few weeks for roughly $2 billion of gas pipelines in Texas and Mexico in tenders hosted by the Comisión Federal de Electricidad.
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The debt capital markets were flooded with power and utility paper this week, as issuers sent $1.85 billion in notes to bond buyers.
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Vivint is teeing up its initial public offering that is targeted to raise up to $370.8 million.
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Ares Capital Corp. has back-levered Competitive Power Ventures’ stake in the 725 MW St. Charles project in Waldorf, Md.
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About 7.8 GW of solar projects have applied for permitting before the Comisión Reguladora de Energia in Mexico, representing just more than half of the 15 GW of applications before the Mexican regulator.
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ConEdison Development has agreed to buy a stake in a wind project that Sempra U.S. Gas & Power is building in Nebraska, deepening its renewables partnership with the sponsor.
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Cape Wind has launched a wholesale syndication of a $1.95 billion package backing its 468 MW project off the coast of Cape Cod, Mass.
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Exelon Corp. subsidiary ExGen Texas Power has reverse flexed and downsized a $700 million term loan B it pitched for a dividend recapitalization.
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Tenaska Capital Management’s $1.59 billion refinancing has been floated at LIBOR plus 450-475 basis points.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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Solar developers with residential solar pipelines will be looking for tax equity in the next two years at a rate that could squeeze the existing liquidity in the market, according to panelists at IJGlobal’s North America Energy & Infrastructure Financing Forum in New York.
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JPMorgan Capital Corp. and an unidentified co-investor are looking to finalize a tax equity investment in a portfolio of NRG Energy wind farms.
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E.ON Climate & Renewables North America is working with Bank of America Merrill Lynch to sell a portion of its 2.7 GW portfoio of wind assets.
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Innergex is reportedly talking to prospective lenders for financing backing one of its larger hydro projects in Canada.
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TransCanada and Elecnor have dropped out of a request for proposals to build and own the 310-mile Fort McMurray transmission project in Alberta.
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Don Kyle, senior managing director of GE Capital Markets, and Carl Peterson, head of debt origination at GE EFS sat down with PFR Editor Sara Rosner to discuss the market for structuring and financing gas-fired generation.
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Kristie Pellecchia, director of syndications for Latin America at BNP Paribas, has joined Sumitomo Mitsui Banking Corp.
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Developers, bankers and attorneys are eagerly anticipating billions of dollars of generation and pipeline tenders from Mexican state-backed utility Comision Federal de Electricidad.
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Power industry players circle a bundle of tenders in Mexico and the wind sector regroups stateside after the IRS unveils clarifications to the production tax credit.
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The U.S. Internal Revenue Service and Department of Treasury have issued clarifications on what it means to “begin construction” on a wind project in order to qualify for the production tax credit.
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Mexico continues to roll forward with its landmark energy reforms this week, as the Senate passed a set of provisions that would essentially create a competitive wholesale power market in the country.
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Mitsubishi UFJ Financial Group has climbed back to the top of mandated lead arrangers in power project finance in North America in the second quarter, lending $497 million during the period, according to PFR affiliate Dealogic.
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Brian Daly, managing director at Babson Capital, has left the firm.
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Renato Plastina has joined newly established asset manager Varagon Capital Partners as head of energy.
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Michael Park, a senior investment officer in the loan guarantee programs office at the U.S. Department of Energy, has joined Noesis Energy in Austin, Texas, as a v.p. of project finance.
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A growing number of developers are suing the U.S. government for allegedly not paying out the full amount of cash grants eligible to qualifying renewable projects under the section 1603 program of the American Recovery and Reinvestment Act.
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Renewables developers and scores of their attorneys are keeping a close watch on several sets of proceedings at the U.S. Court of Federal Claims in Washington D.C.
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AES Corp. has closed a $775 million floating rate note issuance after upsizing the deal from $500 million.
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NextEra Energy Resources has been speaking to lenders stateside about financing its 60 MW Bluewater wind project near the coast of Lake Huron, Ontario.
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Attorneys and wind developers have met with representatives of the U.S. Department of Treasury and the Internal Revenue Service to petition for further clarification on the safe harbors under the production tax credit as the wind industry faces looming operational deadlines and wary tax equity investors and lenders.
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Despite the expiration of the production tax credit, wind is set to have a solid year of project financings, according to Kevin Walsh, managing director and group head of power and renewables at GE EFS.
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Abundant sources of capital are driving down prices, noted panelists at Platts’ 29th Annual Global Power Markets conference at the Wynn Las Vegas in Las Vegas, Nev., April 8.
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NRG Yield is set to buy the El Segundo combined cycle facility in California from NRG Energy, the first of four possible deals between the two this year.
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Following the close of the Woodbridge financing, Competitive Power Ventures is looking to tighten the pricing on the bank loan backing the 725 MW St. Charles in Charles County, Md.
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Renato Plastina, managing director of energy, infrastructure and project finance at BNP Paribas, has left the bank to take a position at an unidentified institutional investor.
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Sempra U.S. Gas & Power is expected to wrap next month a roughly $250 million debt package backing the 156 MW Energía Sierra Juárez wind project in La Rumorosa, Baja California, Mexico.
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The proliferation of project bonds is set to continue in Latin America as financiers and sponsors work to optimize deal structures, according to panelists at Euromoney’s 8th Annual Latin American Energy & Infrastructure Finance Forum at the Biltmore Hotel in Miami on March 11.
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Developer Canadian Solar has secured a C$48 million ($43.67 million) construction and term loan from Manulife Financial backing the 14 MW Val Caron solar project in Val Caron, Ontario.
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Check out Power Finance & Risk's special report focusing on the burgeoning LNG export industry in the U.S. and the latest opportunities in development and financing.
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