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Renewables business Primary Energy has closed its $178 million platform refinancing led by Apterra Infrastructure Capital, PFR has learned.
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Power transition and infrastructure-focused real assets investment firm, Elda River Capital Management, has joined battery storage developer Spearmint Energy’s $200 million credit facility.
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Cowboy Clean Fuels (CCF) has closed a $13 million series B financing led by Machan Investments to support its renewable natural gas production technology.
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Peak Energy, a US-based energy storage company, has secured $55 million to launch production of its sodium-ion battery technology.
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LevelTen has finalised a $65 million series D funding led by B Capital in order to branch into new markets, such as clean hydrogen.
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US-based solar PV company SolarEdge Technologies has sold an extra $37.2 million in 2.25% convertible senior notes due 2029 to Goldman Sachs & Co.
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Distributed generation solar developer Spruce Power Holding Corporation secured a $130 million non-recourse debt facility from global investment manager Barings.
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Clean fuels technology company Aether Fuels has secured $34 million in Series A financing from a syndicate of global investors.
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Mitsubishi Heavy Industries and Export Development Canada are some of the latest investors in a $31 million Series A2 financing for energy storage company e-Zinc.
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Low-emission fuels producer ClearSky Global has inked a $168 million investment from a private ESG-focused investment group.
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MUFG has joined several other major investors in sustainable aviation fuel producer LanzaJet’s $100 million growth equity funding round.
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Cerberus Capital Management has invested $315.5 million in Eos Energy Enterprises, a manufacturer of zinc-based long duration energy storage systems.
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Hannon Armstrong Sustainable Infrastructure Capital (HASI) has priced its private offering of $700 million in aggregate principal amount of 6.375% green senior unsecured notes due 2034.
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Corporación Interamericana para el Financiamiento de Infraestructura (Cifi) has issued a series of green bonds totalling $10 million to finance renewable projects in Latin America.
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Several large energy developers have become investors in tax credit transfer platform Crux Climate through a $18.2 million Series A funding round.
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Blackstone-owned energy storage business Aypa Power is set to close a $650 million pre-Notice to Proceed development facility, PFR has learned.
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Washington-based Puget Sound Energy (PSE) has closed on the sale of its $800 million schedule A and B senior notes.
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Export Development Canada (EDC) has led a $136 million equity financing for FLO, a North American EV charging hardware and software provider.
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Swift Solar has closed a $27 million Series A financing round led by Eni and Fontinalis Partners for advanced solar panel manufacturing.
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Equatorial Energia has requested 2 loans totalling up to $250 million from the International Finance Corporation (IFC).
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One Energy Enterprises has sold additional shares of its Series A convertible preferred stock, bringing the company’s fundraising to more than $35 million.
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Argentine power generator Grupo Albanesi, through its subsidiaries Generación Mediterránea and Central Térmica Roca, is planning to issue bonds in the local market.
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Energy-as-a-service provider Redaptive has extended its warehouse facility to $250 million as it looks to grow its solar, HVAC, LED, and other sustainability projects.
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Geothermal technology company XGS Energy has closed a $20 million Series A financing led by Valo Ventures and VoLo Earth Ventures.
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ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) is planning to issue R$1 billion ($198m) in debentures in Brazil.
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Investment firm Carlyle has formed a partnership with Sungage Financial and purchased $450 million in newly issued residential solar loans from the company.
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Energy giant AES has issued $950 million aggregate notes due 2055 at 7.6% to fund the development or redevelopment of clean power projects.
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Wisconsin Electric Power Company will issue $350 million 5% debentures due 15 May 2029.
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One Energy and special purpose acquisition company (SPAC) TortoiseEcofin Acquisition Corp III have filed with the Securities & Exchange Commission to merge ahead of being publicly traded as One Power Company.
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GE Vernova has recommended its shareholders ignore TRC Capital Investment’s mini tender offer of $155 per share for 0.4% of the company's outstanding shares.
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Massachusetts-based Electric Hydrogen has inked a $100 million corporate financing led by HSBC to grow its production of 100MW electrolyser plants.
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Southern Company has issued $1.1 billion in convertible senior unsecured notes due 15 June 2027 via a private placement.
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Comvest Credit Partners has provided a $70 million senior credit facility to Nationwide Energy Partners (NEP) to pay off debt and develop utility infrastructure projects.
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Zanskar has closed $30 million in a Series B funding round led by Obvious Ventures to scale its AI and data-based platform used for discovering geothermal energy resources.
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Hitachi Energy has invested more than $100 million alongside Investissement Quebec to upgrade and modernise its power transformer factory in Varennes and other facilities in Montreal.
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Green Energy Park has raised $30 million in series A funding that will help support the company’s Piauí green hydrogen project in Brazil.
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Pine Gate Renewables has closed a $650 million investment round led by Generate Capital, the Healthcare of Ontario Pension Plan (HOOPP), and HESTA.
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Duke Energy has sold an aggregate principal amount of $177.3 million Series A storm recovery bonds to fund transmission repairs caused from major storms, PFR has learned.
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GA Drilling, a deep geothermal company, has closed $15 million in financing from several investors to scale its geothermal technologies.
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Southwest Gas has closed on its near $300 million initial public offering (IPO) of subsidiary Centuri Holdings.
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HASI has amended and extended its corporate unsecured credit facility with 14 banks to $1.65 billion, including a revolving line of credit, term loan A, and Green Commercial Paper Note Program (CarbonCount Green CP).
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Power generation company Engie Energía Chile has issued $500 million in green bonds on international markets.
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Brazilian power generator Eneva will issue R$2.5 billion ($475 million) in debentures to refinance assets.
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KKR Infrastructure Conglomerate (K-Infra) and its subsidiaries have signed a $150 million revolving credit facility that allows the company to borrow up to $1 billion.
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Arcadia, a utility data and community solar platform, has closed a $50 million investment round led by a Macquire Asset Management fund to support its community solar program in the US.
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Community solar developer Nexamp has secured a $520 million investment led by Manulife Investment Management to fund its over 2GW project pipeline in the US.
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New Rise Renewables has launched its 3,200 barrel-per-day renewable sustainable aviation fuel (SAF) facility in Nevada.
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Engie Energía Chile has commenced a cash tender offer for any outstanding 4.5% notes due in 2025, totalling $350 million.
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Enbridge subsidiaries Enbridge Energy Partners and Spectra Energy Partners have closed on their offering of $3.5 billion in senior notes, PFR has learned.
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Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.
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Chevron New Energies (CNE) has led a $45 million Series A financing for ION Clean Energy, a carbon capture technology company.
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Eletrobras has approved its fifth issuance of non-convertible unsecured debentures, aiming to raise up to R$3.5 billion ($696.4m).
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Canadian Solar subsidiary Recurrent Energy has secured a €110 million ($120m) multi-currency facility from a consortium of banks led by Investec to support its solar and storage project pipeline in Canada, the US, and abroad.
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Public Services Company of New Mexico (PNM) and its subsidiaries, PNM Resources and Texas-New Mexico Power Company (TNMP), have entered extended 3 revolving credit facilities, PFR has learned.
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Renewable fuels company Raven SR has closed $15 million in an investment round led by Ascent Funds to grow its production of synthetic fuels, hydrogen, and sustainable aviation fuel (SAF).
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Natural gas utility Atmos Energy has entered into 2 revolving credit facilities totaling $3 billion, PFR has learned.
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Solar and storage developer MN8 has closed a private placement at $325 million from Mercuria Energy Group and Ridgewood Infrastructure to grow its US pipeline of solar, storage, and electric vehicle (EV) charging projects.
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Brazilian development bank BNDES and the French Development Agency (AFD) have signed an agreement to raise around R$1 billion ($200m) for green and sustainable infrastructure projects in the legal Amazon, North and Northeast regions of Brazil.
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Renew Energy Partners has completed financing on its fourth investment vehicle, Renew Energy Efficiency Projects 4 (EEP4), and signed a master revolving loan and security agreement with Mitsubishi.
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Utility-scale battery storage developer Lightshift has received $100 million in investments from 2 of Greenbacker Capital Management's sustainability and infrastructure-focused investment vehicles.
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Natixis Corporate & Investment Banking has closed a $900 million letter of credit with Invenergy to fund its project development pipeline of utility-scale wind and solar projects, as well as battery storage systems.
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Aemetis, a renewable natural gas (RNG) and fuels company, has been approved by the US Citizenship and Immigration Services (USCIS) for a $200 million EB-5 investment program for several RNG projects.
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SunPower has fallen foul of Nasdaq listing rules amid debt restructuring caused by higher than expected losses in 2023.
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Cheniere Energy has closed the sale of a $1.5 billion aggregate principal senior notes offering, PFR has learned.
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Renewable developer Serena Energia (formerly Omega Energia) is planning a secondary share offering in Brazil.
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Reformed Energy is to receive a strategic investment from Riot Platforms to fully commercialise its waste-to-energy technology.
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Nuclear power plant operator Constellation Energy has offered $900 million in green senior notes due 15 March, 2054, PFR has learned.
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Sustainable aviation fuel (SAF) producer XCF Global Capital has agreed to combine with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition.
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The Development Bank of Latin America and the Caribbean (CAF) has obtained a $100 million credit line extension co-financed by the Japan Bank for International Cooperation (JBIC).
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Quaise Energy has secured $21 million in series A1 funding led by Purdue Ventures and Safar Partners to expand its deep geothermal energy operations.
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Brazilian development bank BNDES and the Asian Infrastructure Bank (AIIB) have signed an MoU to deepen cooperation on providing sustainable finance in Brazil.
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Utility-scale solar and energy storage development company Redeux Energy Partners is seeking investors to buy a minority stake as a corporate-level equity capital raise, PFR has learned.
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Alliant Energy’s Wisconsin Utility, the Wisconsin Power and Light Company (WPL), is offering $300 million aggregate principal amount of 5.375% debentures.
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New Fortress Energy will offer $500 million aggregate principal senior secured notes due 2029 via private offering.
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The Government of Canada has closed its second green bond issuance, a C$4 billion ($2.9 billion) 10-year green bond, becoming the first sovereign borrower to issue a green bond that includes nuclear expenditures.
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Geothermal development and technology company Fervo has raised $244 million in funding led by shale oil and gas business Devon Energy.
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Renewable real estate investment fund SolaREIT has secured an additional $30 million in revolving credit from Atlantic Union Bank.
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The power generation arm of YPF, YPF Luz, is planning to issue up to $60 million in bonds in Argentina.
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Blackstone-owned Tallgrass Energy Partners will offer $400 million aggregate principal amount of senior secured notes due 2029 in a private placement.
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Allete has expanded its 5-year US green energy investment plan by $1 billion alongside its successful 2023 revenue reports. The plan now includes $4.3 billion for its utility division, Minnesota Power, to grow its renewable energy exposure.
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Construction giant Kajima has invested in a Canadian geothermal energy technology company, Eavor Technologies.
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Battery manufacturer Ascend Elements has raised $162 million in equity investments from Just Climate, Clearvision Ventures, and IRONGREY.
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Residential solar company SunPower has raised $175 million as it plans to mitigate threats of default with long-term financial changes.
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National Fuel Gas Company (NFG) has entered a multi-bank $300 million unsecured term loan credit facility, PFR has learned.
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Cemig-D, the Brazilian utility’s distribution business, is planning to issue R$2 billion ($402 million) in bonds on 15 February 2024.
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NextEra Energy led a $36 million investment round in Avnos, a startup developing a novel hybrid direct air capture (HDAC) technology for carbon dioxide removal.
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Brookfield Asset Management (BAM) has raised $10 billion at first close of its second energy transition fund with a fundraising target of $17 billion.
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Spire is offering $350 million in 5.3% senior notes due 2026 to help fund the acquisition of the MoGas and Omega pipeline systems.
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Argentine power generator Albanesi Energía is planning to issue bonds in the local market, scheduled for 14 February 2024.
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Generate Capital closed its latest capital raise, with new investments totalling $1.5 billion, last week (31 January).
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Midstream power company NGL Energy Partners has closed on a $2.9 billion refinancing.
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Residential solar company SunPower has received waiver extensions from its lenders and $20 million from its majority shareholders as it plans to mitigate threats of default with long-term financial changes.
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Clean energy tax credit transfer platform Crux has closed a $18.2 million series A funding led by venture capital firm Andreessen Horowitz.
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Midstream power company NGL Energy Partners has increased its senior secured notes offering to $2.2 billion.
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Actis-backed power generation company Valia Energía has issued $530 million in project bonds in Mexico.
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Capricorn Investment Group, the $9 billion investor, has made a minority investment in sustainability-focused private equity firm SER Capital Partners.
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Power company Grupo Energisa has launched a R$2 billion ($405 million) share offering in Brazil.
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Canadian Solar subsidiary and global solar and storage developer, Recurrent Energy, has secured a $500 million preferred equity investment from a fund managed by BlackRock’s climate infrastructure business.
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Chile’s Inversiones Latin America Power (ILAP) has successfully completed its Chapter 11 restructuring process.
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Power company Grupo Energisa is preparing a potential R$2 billion ($405 million) share offering in Brazil.
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E-fuel company INERATEC has closed a $129 million Series B funding to launch its industrial-scale technology production for projects across the US and abroad.
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Colombian oil and gas company Ecopetrol has raised $1.85 billion in bonds that will be used to mainly refinance existing notes.
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Hannon Armstrong Sustainable Infrastructure Capital (HASI) has doubled its additional 2027 green senior unsecured notes in aggregate principal of 8% to $200 million.
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Independent power producer (IPP) Pathway Power has entered a $25 million growth capital partnership with Tokyo-based independent renewables business Renova.
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Brookfield Renewable has issued C$400 million (US$298.5 million) of medium-term loans to pay for future green investments and repay indebtedness incurred in previous ventures.
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Hannon Armstrong Sustainable Infrastructure Capital (HASI), will privately offer $100 million in aggregate principal of 8% green senior unsecured notes.
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Point-of-sale finance firm Sunlight Financial has named current chief operating officer (COO) Timothy Parsons as the company’s new chief executive.
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Renewable developer BrightNight has closed a $375 million corporate credit facility to complete the development of its US solar, energy storage, and integrated technologies portfolio.
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Southwest Gas Holdings has appointed William “Bill” Fehrman as president and chief executive of Centuri Group, effective January 12, 2024.
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Hull Street Energy has closed on a $160 million credit facility to finance its 855 MW Milepost Power Texas portfolio, Mesquite Generation.
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Natural gas marketer ARM Energy Services and Rabobank have increased the revolving credit capacity on a senior secured credit facility by an additional $50 million to $160 million.
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IDB Invest has agreed to provide long-term financing to Air-e to support the company’s distribution services in Colombia.
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A consortium including Sunstone Credit, IGS Ventures, and an affiliate of Greenbacker Capital Management, have closed on the acquisition of residential solar lender Sunlight Financial Holdings following its Chapter 11 restructuring.
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Small modular nuclear reactor and fuel business X-Energy Reactor Company (X-energy) has completed a $80 million Series C financing round.
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Mammoth Energy Services subsidiary Cobra Acquisitions will transfer around $54.4 million of its outstanding receivables with the Puerto Rico Electric Power Authority (PREPA) to the SPCP Group for $46.3 million.
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Investment firm Hannon Armstrong Sustainable Infrastructure (HASI) will hold a private offering of $500 million in green senior notes to develop green energy projects.
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Renewables developer energyRe has raised a $1.2 billion capital package to develop and construct its 10.5GW solar, wind, and storage portfolio, as well as 500 miles of transmission.
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Utility-scale energy storage developer Malta has closed a funding round with investors from Siemens Energy Ventures and Alfa Laval, as well as existing shareholders, to grow its long-duration solar production and development.
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NextEra Energy Partners, will privately offer $750 million of senior unsecured notes due 2029 via its direct subsidiary, NextEra Energy Operating Partners (NEP OpCo).
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Chile’s Inversiones Latin America Power (ILAP) filed for Chapter 11 in the Southern District of New York on November 30 2023 in a voluntary restructuring process.
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Clean power provider Suntuity Renewables and special purpose acquisition corporation (SPAC) Beard Energy Transition Acquisition (BRD) have mutually agreed to terminate their merger to take Suntuity public.
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Copenhagen Infrastructure Partners (CIP) has launched a platform for the development and realization of renewable projects in Canada, Horizon New Energy, as part of the firm's expansion into the Canadian market.
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Mainstream Renewable Power has completed the restructuring of its Chilean subsidiaries, Condor Energía and Huemul Energía following a months-long process.
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Colombian infrastructure company Interconexión Eléctrica SA (ISA) has secured an up to COP$500 million ($124 million) loan.
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Community solar and battery project developer PureSky Energy has closed a 3-year $150 million revolving credit facility with Nomura to fund its interconnection projects and grow its acquisition pipeline.
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DSD Renewables has received a $250 million strategic investment from Cox Enterprises.
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Renewables developer Madison Energy Infrastructure (MEI) has closed a $450 million debt financing from a club of seven banks to develop and deployment of its commercial and industrial (C&I) projects.
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Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities, has closed on a $200 million facility from private equity giant Blackstone.
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Suncor is offering C$1.468 billion ($1.5 billion) in unsecured senior notes to fund its acquisition of TotalEnergies Canada.
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Colombian energy company Grupo Energía Bogotá (GEB) has issued a $400 million green bond, the first such bond issued by a Colombian company on the international market.
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Sunnova Energy has secured a $244 million securitization for its Hestia I solar project, which includes the development of 587MW of distributed generation energy resources (DERs) and associated software in Puerto Rico.
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Chesapeake Utilities is looking to raise $330 million through a common stock offering to help fund its Florida City Gas acquisition, expected to close in the fourth quarter of 2023.
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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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Durham, North Carolina-based Strata Clean Energy has closed a $300 million revolving loan and letter of credit facility to develop its 17GW pipeline of solar and storage projects.
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Energy giant BP has declared impairments of $540 million related to its New York offshore wind projects, Empire Wind 1 and 2 and Beacon Wind. BP owns the projects off the New York and Massachusetts coasts in a 50:50 joint venture with Equinor.
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After New York state rejected a request from offshore wind developers to raise prices, Norwegian energy giant Equinor has recorded a $300 million impairment on its US offshore wind projects.
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Battery storage system manufacturer CMBlu Energy has secured $106.7 million in financing from STRABAG, the Austrian construction and infrastructure technology group.
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Utility-scale solar and storage developer Palladium Energy has closed on a $10 million corporate equity investment from energy transition and decarbonization private investment firm Ultra Capital.
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Brazilian power company Energisa is issuing bonds for up to R$1.837 billion ($364 million) to finance energy infrastructure projects across Brazil.
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Energy transition private equity firm Hull Street Energy has made a strategic investment in distributed generation solar development company Greenskies Clean Focus.
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Perch Energy, a community solar technology platform, has closed a $30 million investment from Nuveen in a series B round.
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Electric Hydrogen (EH2) has completed a $380 million series C financing to accelerate the company's manufacturing and deployment of its green hydrogen system.
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Distributed solar and storage developer Cultivate Power has secured a $10 million corporate equity investment from Generate Capital.
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Texas-based Vistra Corp is issuing both secured and unsecured senior notes to fund part of the $3 billion cash component of the company’s pending Energy Harbor acquisition.
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Nautilus Solar Energy has completed its issuance of $202 million senior secured notes to institutional investors in a private placement transaction.
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Waste-to-energy company Anaergia has moved forward with investment bank Piper Sandler & Co to lead the company in its strategic review.
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Houston, Texas-based Talen Energy Corporation has made steps towards listing its common stock not long after a chapter 11 plan of reorganization and restructuring.
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Energy-focused investment firm Kimmeridge has invested $15 million in US Light Energy, a community solar project developer. The financing derives from Kimmeridge Carbon Solutions, a fund for carbon-neutral and carbon-reducing investments.
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Sumitomo Corporation Group and investment firm Advantage Capital have launched a joint venture, Perennial Renewables, a solar generation developer.
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Solar real estate investment fund SolaREIT has closed a $100 million investment with AB CarVal to grow SolaREIT's solar land, lease, and loan financing solutions. The investment can increase to $250 million in additional capital.
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OPAL Fuels, an RNG producer and distributor, has closed a $500 million senior secured credit facility to develop and construct new renewable energy projects.
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Power management company Eaton has invested $500 million to expand its transformer and EV charging technology manufacturing presence in North America, to aid in grid modernization and support the US energy transition.
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Nodal Power, a landfill gas-to-energy developer, has raised $13 million in a seed round. Nodal Power will use the funding to build and operate multiple power plants in landfills, producing renewable electricity from methane gas.
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Deutsche Bank's US Private Credit and Infrastructure Group has provided a $125 million warehouse facility to Redaptive, an Energy-as-a-Service provider, to grow its metering, HVAC, solar, LED, EV, and other sustainability solutions.
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French multinational utility company Engie has agreed to acquire the entire battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I and co-investors Yorktown Partners, Mercuria Energy and Apollo Infrastructure Funds.
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Bess Power Corporation has secured $15 million in project debt financing from Leyline Renewable Capital to funds its 2.4GW utility-scale stand-alone storage pipeline.
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Connecticut-based renewable developer Telyon has closed on a strategic investment from an affiliate of Greenbacker Capital Management.
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Nomura Holdings and Angeleno Group have entered a partnership to co-invest and share intellectual capital on green energy and decarbonization projects within both companies. As part of the partnership Nomura will invest in Angeleno Group's recent venture capital and growth equity fund.
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Milwaukee, Wisconsin-based Advanced Ionics, a new hydrogen electrolyzer developer start-up, has closed a $12.5 million Series A funding led by BP Ventures, the energy giant's venture capital group. Other investors in the start-up included Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate.
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Investment firm HASI intends to privately offer $350 million in aggregate principal amount of green exchangeable senior unsecured notes due in 2028.
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