-
Macquarie Asset Management’s sale of the entire 940MW Lordstown Energy Center to ArcLight Capital has been held up by the Federal Energy Regulatory Commission (FERC).
-
EQT Corporation’s $5.45 billion all-stock acquisition of natural gas provider Equitrans Midstream faces legal opposition from numerous Equitrans shareholders, PFR has learned.
-
The US Federal Trade Commission (FTC) is seeking more information before advancing ConocoPhillips’ $22.5 billion all-stock buy of Marathon Oil.
-
The California Energy Commission (CEC) has adopted a finalised plan for offshore wind development through 2045.
-
The Governor of Rhode Island, Daniel McKee, has signed an energy storage act into law, as the state aims to develop 600MW of utility-scale energy storage by 2033.
-
Baker Donelson has hired Stephen Luttrell in the firm’s corporate group, based in Baltimore, Maryland.
-
Danish energy giant Ørsted has agreed to pay New Jersey and its Board of Public Utilities (NJBPU) $125 million to settle claims made against its decision to cancel offshore wind projects Ocean Wind 1 and 2 in late 2023.
-
The $53 billion merger between oil and natural gas giant Chevron and independent energy company Hess faces legal challenges.
-
Equinor can now begin construction of the 810MW Empire Wind 1 project in the New York Bight region, after receiving final approval from the New York State Public Service Commission.
-
Canadian power company TC Energy is appealing the Delaware Chancery Court ruling to pay $199.2 million in damages as part of an ongoing class action lawsuit related to its 2016 acquisition of Columbia Pipeline.
-
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.
-
The Federal Energy Regulatory Commission (FERC) has issued a regional transmission policy ruling, Order #1920, creating new interregional lines to accelerate the interconnection of new renewable energy projects.
-
The US has raised tariffs on a host of imported goods from China, including solar panels, batteries and EVs.
-
Atlantic Shores and Dominion Energy are facing lawsuits from several non-profit organizations, which claim the companies' offshore wind projects violate environmental protection laws.
-
Connecticut utility Eversource plans to reduce investments in the state by $500 million as it continues its 3-year rate dispute battle with the State's Public Utilities Regulatory Authority (PURA).
-
Patent infringement lawsuits are becoming commonplace in the renewable energy sector as manufacturers look to take advantage of the US’ lucrative tax credit regime.
-
The US Treasury Department has released the final rules for the transferable tax credits of the Inflation Reduction Act (IRA).
-
The Department of Energy (DOE) selected LS Power's Southwest Intertie Project-North (SWIP-North) as a fourth conditional project for the first round of its Transmission Facilitation Program.
-
The Bureau of Ocean Energy Management (BOEM) has issued a 5-year offshore wind leasing schedule that will see 12 offshore wind energy lease sales through 2028.
-
Renewable developer Hecate Energy has secured a siting agreement and conditional use permit for its 150MW solar project from Cumberland County, Virginia.
-
Solar manufacturer Maxeon Solar Technologies has filed a patent infringement lawsuit against REC Solar Holdings regarding its PV solar cell technology in Texas.
-
An Arizona federal judge has rejected a request by Native American tribes and environmental groups to halt the construction of Pattern Energy's SunZia project.
-
Renewables developers are readying themselves for more supply chain disruption as additional tariffs on China-made panels are under consideration from the US government.
-
Oil, gas and NGL company Chord Energy and Canadian O&G giant Enerplus have cleared the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their $11 billion business combination, PFR has found.
-
California Independent System Operator (CAISO) has announced that 2 of the offshore wind-related transmission processes will be part of a May 2024 competitive transmission procurement.
-
Brazil has introduced a bill to incentivize in the use of renewable energy by offering tax benefits on the investment in equipment for generating electrical energy from renewable sources.
-
Brazilian project financing is rebounding with capital markets registering a record high of issuances again this year. Yet, large-scale projects are having difficulties accessing foreign capital in Brazil, a local currency market, panelists at IJLatam 2024 in Miami said.
-
The United States Department of Agriculture (USDA) has granted $2.3 billion in funding to 39 energy infrastructure and renewable energy projects in rural communities across 23 states.
-
Private equity firm Bridgepoint's proposed $1.1billion acquisition of energy-focused investment manager Energy Capital Partners (ECP) has been halted by the Federal Energy Regulatory Commission (FERC) over competition concerns.
-
Chevron New Energies is set to develop a 5MW hydrogen production and solar project on its existing oil field in California's Central Valley.
-
Tri-State Generation and Transmission Association has received a key state-level regulatory approval from the Colorado Public Utilities Commission (CPUC) on the $75 million sale of its transmission facilities, contracts, and assets to United Power, PFR has learned.
-
The Bureau of Ocean Energy Management (BOEM) has released the final environmental review of the 2.6GW New England Wind project off Massachusetts. The project is owned by Park City Wind, a subsidiary of Avangrid, and is expected to power over 900,000 homes.
-
The Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan (COP) of 800MW Empire Wind 1, an offshore wind farm owned by Equinor in the New York Bight region. The BOEM's decision was the final step before the project could commence construction.
-
Electricity and power generation company Vistra has received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor. It is the final approval needed in a $6.3 billion merger that will rebrand Vistra as renewables mega firm Vistra Vision.
-
Law firm Skadden has rehired the former commissioner, chairman and general counsel of the Federal Energy Regulatory Commission (FERC).
-
To bolster California's offshore wind industry state legislators proposed a $1 billion bond act to help pay for the expansion of ports.
-
H2 Energy Group has partnered with the Redding Rancheria Tribe reservation to develop a green hydrogen production facility.
-
Energetic Capital has hired Steven Varady as senior vice president in the company's tax and transactional practice, PFR has learned.
-
Law firm Akerman has announced the formation of 3 energy and infrastructure sub-practices.
-
Clean energy tax credit transfer platform Crux has closed a $18.2 million series A funding led by venture capital firm Andreessen Horowitz.
-
Dominion Energy has secured final approval from the Bureau of Ocean Energy Management (BOEM) for the construction and operations of its 2.6GW Coastal Virginia Offshore Wind (CVOW) project.
-
The US Treasury Department has released additional guidance on tax credits for electric vehicles (EVs) and associated charging technology, including alternative refueling stations.
-
Crowell & Moring has hired Ruta Kalvaitis Skučas as partner in the law firm's environment, energy, and natural resources practice group.
-
Octopus Energy company Sky Renewables is set to purchase the Ohio-sited 80MW Nestlewood and Pennsylvania-sited 16MW Gaucho solar projects from Vesper Energy, PFR has learned.
-
GE-owned power plant EFS Parlin has closed on the sale of all of its interconnection rights and started the decommissioning process of its 123.5MW natural gas facility following bankruptcy.
-
Vistra Corporation is offloading its Richland and Stryker facilities to Rockland Capital in an effort to complete its pending $6.3 billion merger with Energy Harbor, creating renewables mega firm Vistra Vision.
-
The Bureau of Ocean Energy Management (BOEM) has drafted the environmental review of future development on the six lease areas awarded in the New York Bight tender in 2022.
-
The government of Mexico will order state-owned oil firm Pemex to take over a hydrogen plant at its Tula refinery currently operated by French gas company Air Liquide.
-
The US Treasury Department has released the proposed green hydrogen tax credit guidelines, 45V, to be available for public comment for the next 60 days. The Biden-Harris administration hopes the credits will provide over $140 billion in revenue by 2030
-
The US Treasury has revealed the guidelines on the 45X advanced manufacturing tax credit to incentivize the creation and use of a domestic renewables supply chain.
-
The Bureau of Ocean Energy Management (BOEM) has proposed a Central Atlantic offshore wind lease sale for over 277,000 acres in the waters off of Delaware, Maryland, and Virginia. The sale is expected to take place in 2024.
-
Canadian province Newfoundland and Labrador (NL) has signed a memorandum of understanding (MoU) with the federal government to become a lead regulator on offshore wind projects in 16 inland bays in the province.
-
Michigan Governor Gretchen Whitmer has signed the state’s MI Healthy Climate Plan into law following its passage in early November by the House legislature.
-
Texas lawmakers via a two-thirds margin voted in a controversial constitutional amendment that authorizes a $10 billion Texas Energy Fund aimed at providing low-interest loans to build gas-fired power plants, develop microgrids and modernize portions of the state’s electric grid.
-
The New York Independent System Operator (NYISO) has halted the May 2025 retirement of four peaker plants to keep New York City’s grid reliable.
-
The Bureau of Ocean Energy Management (BOEM) has approved the 816GW Empire Wind 1 offshore wind project, owned by Equinor and BP. Empire Wind marks the sixth offshore wind project approved by the Biden-Harris administration in its goal to reach 30GW of offshore generation by 2030.
-
Among the many hurdles the offshore wind sector is facing, the lack of guidelines for tax credits guidelines remains one of the most convoluted.
-
International law practice Milbank has selected Jenna McGrath as a partner for the firm’s Project, Energy and Infrastructure Finance Group in the Washington, D.C. office.
-
The Bureau of Ocean Energy Management (BOEM) has finalized four Wind Energy Areas (WEAs) with the potential to supply 3GW of energy for another Gulf of Mexico lease sale.
-
The Bureau of Ocean Energy Management (BOEM) has approved Dominion Energy's 2.6GW Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind project in the US. Construction will begin in Spring 2024 and is expected to take around 3 years, bringing CVOW online in late 2026.
-
Nonprofit consumer advocacy organization Public Citizen has called on the Federal Trade Commission (FTC) to investigate whether Blackstone Infrastructure Partner’s (Blackstone) recently approved acquisition of a 19.9% equity stake in Northern Indiana Public Service Company (NIPSCO) vehicle, NIPSCO Holdings II, is legally sound.
-
Green hydrogen development took a giant stride towards bankability as the Department of Energy selected 7 green hydrogen hub winners across 16 states, handing out $7 billion from the Bipartisan Infrastructure Law.
-
New York Governor Kathy Hochul has vetoed an Equinor and BP-endorsed bill to build underground transmission lines from its offshore wind projects into the city of Long Beach. Hochul's rejection of the Planned Offshore Wind Transmission Act strikes another blow to the industry a week after the state government shot down a financial relief bill for offshore wind developers.
-
The Department of Energy (DOE) has awarded $3.46 billion for 38 grid-reliability projects, which will modernize and stabilize the grid, especially from extreme weather events.
-
Invenergy's $7 billion transmission project, the Grain Belt Express, has received approval from the Missouri Public Service Commission (MPSC), the last step in securing state approval for project enhancements.
-
New York State Public Service Commission (PSC) has unanimously rejected a request from a group of offshore wind developers to provide financial relief for four projects on the New York coast and 86 onshore projects. The relief would have come from increasing prices for customers, totaling $12 billion.
-
The Missouri Public Service Commission (MPSC) has issued an order to spur the development of virtual power plants (VPP) in the state.
-
California Governor Gavin Newsom has approved AB1172 on fusion energy policy as one of the 900 bills that came across his desk this week, all of which require signature or veto by Saturday.
-
North Carolina, the Commonwealth of Virginia, Maryland and Delaware have started a workforce to further offshore wind development.
-
California Governor Gavin Newsom has signed into law SB605, a unanimously passed bill that allows the California Energy Commission to study the potential for wave and tidal energy development, including overseeing several pilot projects.
-
EDF Renewables has pulled the plug on the development of a 50MW solar project in Colombia, due to delays in permitting and environmental licenses from local entities.
-
While the Inflation Reduction Act (IRA) has spurred the green energy industry since its inception in August 2022, the legislation has not come without its own difficulties and may even be causing some developers to hit pause, according to speakers at REFF Wall Street 2023.
-
The California wave and tidal energy development bill is headed to the Governor's desk after the State Senate passed the bill unanimously. The bill will allow the California Energy Commission to work with state agencies to study the potential for wave and tidal energy development along the state's 840-mile coastline.
-
The SOO Green HVDC Link transmission project, a unique underground transmission line that will follow the route of existing Canadian Pacific railroads, moved a step further towards construction after it was approved by Iowa regulators.
-
A bill to streamline the US energy transmission system has been introduced by Californian politicians.
-
The exhaustive push to deploy the 468MW Cape Wind project off the coast of Massachusetts came to a halt in early January 2015. Power purchase agreements (PPAs) fell through; banks fell away (PFR, 1/7/15). The $1.95 billion deal, the first offshore wind farm to be fully permitted by the BOEM, died after 14 years.
-
BC Utilities Commission, the regulator of British Columbia’s public energy utilities, has named Mark Jaccard as its chair and chief executive.
-
Described as “transformative legislation” and a “fantastic opportunity” the Inflation Reduction Act (IRA) has bolstered investment into US renewable energy at breakneck speed. Yet, one year on from its historic enactment many hurdles remain for financing renewables projects in the US. Chiefly, the permitting system.
-
The Department of Commerce made a final decision in its long-running investigation into whether Southeast Asian solar manufacturers are using parts made in China that should be subject to a tariff, potentially harming solar projects that rely on these overseas imports.
-
AES Andes is planning to retire another unit of the Ventanas coal-fired power plant in Chile two years ahead of schedule.
-
The Public Service Company of New Mexico (PNM) has reached an agreement with local legal authorities on the retirement of the San Juan coal plant under the Energy Transition Act.
-
Illinois governor J. B. Pritzker has vetoed a portion of a bill that would limit transmission competition and raised prices on green energy projects in the state.
-
The environmental protection agency of Rio Grande do Sul in Brazil, FEPAM, has issued a preliminary license for a 643.5MW wind project.
-
The FERC has unanimously passed the final rule for Order #2023, which reforms the commission's generation interconnection procedures and aims to shorten the wait time for projects to connect to the grid.
-
Energy Harbor has filed to renew an operating license for the company’s Perry nuclear power plant for another 20 years.
-
A bill in California that will allow for the development of wave and tidal energy development in the state was unanimously approved by the Assembly Committee on Utilities and Energy, which passed the State Senate on June 25 (2023).
-
The New Mexico Supreme Court has ruled to uphold the New Mexico Public Regulation Commission (NMPRC) decision that denies the Public Service Company of New Mexico (PNM) sale of its minority interest in the Four Corners Power Plant.
-
While many column inches have been filled extolling the broad benefits of the Inflation Reduction Act of 2022 (IRA), the power sector has been impatiently waiting for guidance from the US Treasury for greater clarity on some tax equity fine print — most notably, the concept of transferability.
-
Amid the brouhaha of the Inflation Reduction Act (IRA), developers and investors have been impatiently waiting for guidance from the US government for greater clarity on some fine print — most notably, the concept of transferability.
-
Colombia's Mines and Energy Planning Unit (UPME) has granted permits to connect close to 7.5GW of renewable energy to the national grid.
-
The Bureau of Ocean Energy Management (BOEM) has taken its next step toward its wind energy auction in the Gulf of Mexico.
-
EverWind Fuels has secured environmental approval for the initial phase of its green hydrogen and green ammonia projects located in Nova Scotia.
-
A major regulatory milestone for Dominion Energy’s 2.6GW offshore wind project off coastal Virginia was reached on December 12 (2022) as the power giant eyes construction in 2024.
-
The US’ Internal Revenue Service (IRS) has started the clock for construction on new renewable projects before the new wage and apprentice requirements under the Inflation Reduction Act (IRA) take effect.
-
Pattern Energy has received key approvals that will allow the construction of the SunZia transmission project and the SunZia wind projects next year (2023).
-
The Bureau of Ocean Energy Management (BOEM) has designated 2 Wind Energy Areas (WEA) ahead of the leasing process later this year or early next year.
-
Dominion Energy has filed a proposal with the Virginia State Corporation Commission for nearly 2 dozen new solar and energy storage projects.
-
Louisiana-based utility NuQuest Energy has submitted 6 new solar projects to the MISO queue for evaluation.
-
The Canadian province of Nova Scotia has set a goal of reaching 5 GW of offshore wind generation by 2030, outlining plans for an offshore leasing process.
-
Spanish solar developer Cox Energy has received the greenlight to trade within Colombia’s wholesale energy market.
-
The Bureau of Ocean Energy and Management (BOEM) has opened the environmental impact statement for an offshore wind project being developed by Orsted North America and Eversource up for public comment.
-
Dominion Energy has threatened to withdraw its planned 2.6 GW wind project 27 miles off the coast of Virginia Beach after state regulators set a performance guarantee for the project.
-
The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has issued requests for interest (RFI) and competitive interest (RFCI) for the development of offshore wind in the Gulf of Maine.
-
The Virginia State Corporation Commission (SCC) has given its approval for Dominion Energy to construct a 2.6 GW wind project 27 miles off the coast of Virginia Beach.
-
The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has identified two potential wind energy areas (WEAs) off the coast of the Gulf of Mexico that it is now taking public comment for.
-
The governor of Rhode Island has signed a bill into law that will see the state procure up to 1 GW of offshore wind generation.
-
The US Department of the Interior (DOI) has announced its plan to hold offshore wind leasing auctions in two areas in the outer continental shelf offshore California, the first offshore wind auction held in the west coast.
-
The US Department of Energy (DOE) has issued a conditional commitment of $504.4 million in debt financing to support the construction of a green hydrogen hub in Utah being developed by Mitsubishi Power and Magnum Development.
-
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.
-
The US Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has completed its environmental review of a pair of wind leasing areas off the coast of the Carolinas, triggering an auction process.
-
Statkraft, the Norwegian state-owned energy producer, has received approval on its 671 MW (DC) solar project in Chile.
-
The New Jersey Board of Public Utilities (NJBPU) has approved a request from Atlantic City Electric (ACE) to alter its power purchase agreements with a pair of coal-fired projects in the state, halting the use of coal at both plants.
-
Ampra Ingeniera has resubmitted a 363 MW Chilean solar array for environmental evaluation after the project failed to receive regulatory approval.
-
Shell has filed environmental permits with the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) for its first offshore wind projects in the region.
-
The Virginia State Corporation Commission (VSCC) has approved Dominion Energy’s application to expand the company’s renewables fleet by 1 GW.
-
A consortium of sponsors has secured environmental approvals for the first utility-scale wind farm in Guyana.
-
The state of Louisiana has outlined plans to develop 5 GW of offshore wind capacity by 2035 under its Climate Action Plan.
-
The Biden administration has decided to draw out Trump-era solar tariffs for four more years, but is making an exception for bifacial solar panel technology, which has soured the outlook of some solar panel manufacturers but is considered a win for developers of solar projects.
-
PJM Interconnection and the New Jersey Board of Public Utilities (NJBPU) have outlined plans to interconnect about 7.5 GW of offshore wind generation to the grid by 2035, through proposed transmission projects.
-
The Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan (COP) of the South Fork wind project off the coast of Rhode Island.
-
The Brazilian Ministry of Mines and Energy (MME) has announced an agreement with the national Center for Energy Research (Cepel) to assess locations for the installation of new nuclear plants in Brazil.
-
Norton Rose Fulbright announced its 2022 partner promotions on January 11, with projects attorney Rebecca Abou-Chedid making the grade.
-
The US Department of the Interior (DOI) has greenlit a lease sale in the New York Bight, marking the first offshore wind lease auction under the Biden administration.
-
The US Bureau of Ocean Energy Management (BOEM) is preparing a draft environmental assessment (EA) weighing the impact of leasing offshore wind projects in the Gulf of Mexico.
-
Andes Solar has obtained the Chilean Environmental Qualification Resolution (RCA) for its Andino Las Pataguas solar-plus-storage project.
-
New York governor Kathy Hochul has outlined plans to strengthen offshore wind generation in the state, including a $500 million investment in offshore wind projects and infrastructure.
-
PNM, the New Mexico utility subsidiary of PNM Resources, has filed a notice of appeal with the New Mexico Supreme Court after the utility’s application to divest its interest in the Four Corners coal-fired power plant was denied by the New Mexico Public Regulation Commission (NMPRC).
-
The Department of the Interior (DOI) has completed its environmental review of the offshore leasing area in the New York Bight.
-
A Blackstone Infrastructure Partners portfolio company has submitted an application to develop an offshore wind transmission project to the New Jersey Board of Public Utilities (NJBPU).
-
The Department of the Interior’s (DOI’s) Bureau of Ocean Energy Management (BOEM) has approved the construction of the South Fork Wind project off the shore of Rhode Island.
-
After weeks of lobbying and debate, the US House of Representatives has voted to pass the $2.2 trillion Build Back Better reconciliation bill through to the US Senate, in what could be the first rumblings of a significant upheaval in the renewables tax credit system.
-
The US Federal Energy Regulatory Commission has appointed Willie Phillips as commissioner, bringing the number of commissioners at the regulatory body back up to five after the departure of Neil Chatterjee over the summer.
-
The Bureau of Ocean Management (BOEM) has outlined plans to hold up to seven new offshore wind lease sales before 2025.
-
After two years of Mexico's President Andres Manuel Lopez Obrador (AMLO) trying to reform the country's power sector, the statesman has dealt his last card – a constitutional reform that would "decimate" the industry, according to deal watchers.
-
Mexico’s President Andrés Manuel López Obrador (AMLO) has put forward an initiative that would reform the country’s constitution as it pertains to the power sector, in an effort to strengthen state-owned energy companies.
-
The Bureau of Ocean Energy Management (BOEM) is preparing to launch an environmental review of an offshore wind project being developed by a 50:50 joint venture between Shell New Energies and EDF Renewables North America (EDFRNA), off the coast of New Jersey.
-
New York state has selected an $11 billion infrastructure project developed by Invenergy, energyRe and the New York Power Authority (NYPA) to deliver more than 7.5 million MWh of renewables-powered electricity within the state.
-
The US House of Representatives' Ways and Means Committee has approved a critical portion of the Democrats' proposed $3.5 trillion spending package, which includes federal tax credit extensions and a direct-pay option, but market participants have warned that some of the newer measures mixing social and energy policies could have "cataclysmic ramifications."
-
PJM Interconnection has requested regulatory approval to postpone its December base residual auction (BRA) for delivery year 2023/2024 by nearly two months, which would push the auction window into early 2022, and potentially delay subsequent capacity auctions.
-
US Senate Finance Committee chairman Ron Wyden (D-Ore) has proposed a slate of tax reforms that could freeze the use of the partnership flip structure in the tax equity market.
-
Tesla has filed an application with the Public Utility Commission of Texas to sell power into the ERCOT market.
-
Neil Chatterjee, the former chairman of the US Federal Energy Regulatory Commission, has taken up a new role at Hogan Lovells.
-
The US Federal Energy Regulatory Commission has approved Exelon Corp’s plan to spin its competitive generation and retail power businesses off into a separate publicly-traded company.
-
The Bureau of Ocean Energy Management (BOEM) has outlined plans to conduct an environmental review of an offshore wind project being developed by Orsted North America and Eversource off the coast of New York state.
-
To download a PDF version of this Q&A, click here.
-
Brazilian power regulator Aneel has authorized the start of commercial operations for a 33.6 MW wind farm in the state of Bahia.
-
Now that the Biden administration's $1 trillion bipartisan infrastructure bill has passed muster in the Senate, market participants are turning their attention to a larger $3.5 trillion reconciliation package that the Progressive Caucus is attempting to tie it to. The reconciliation package contains a slew of tax credit incentives for renewable energy projects. So what lies ahead in Washington, DC? PFR spoke to three project finance attorneys to find out.
-
The Bureau of Ocean Energy Management (BOEM) has completed its environmental review of the 130 MW South Fork Wind project off the coasts of New York and Rhode Island.
-
The Bureau of Ocean Energy Management (BOEM) has issued a notice of intent to conduct an environmental impact study of Avangrid Renewables' Kitty Hawk North offshore wind project off the coast of North Carolina.
-
The Bureau of Ocean Energy Management (BOEM) is issuing a call for information and nominations to develop offshore wind projects in two new federal lease areas off the coast of California.
-
FirstEnergy Corp has agreed to pay a $230 million penalty as part of a deferred prosecution agreement that it has struck to disentangle itself from a long-running Ohio bribery scandal.
-
Colombia’s Ministry of Mines and Energy and Panama’s National Secretariat of Energy have signed an agreement laying out the terms for an electrical interconnection project between the two countries.
-
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.
-
The Electric Reliability Council of Texas (ERCOT) has drawn up a 60-point plan to improve grid reliability in the state, the highlights of which include purchasing more reserve power, asking CEOs to sign weatherization certification and reviewing the need for on-site fuel supplies, among other things.
-
The Brazilian government will offer new shares in Eletrobras in the first half of 2022, after the law permitting the sale of the company received presidential approval.
-
PJM Interconnection's board of managers has approved a proposal that aims to address the concerns surrounding the use of the Minimum Offer Price Rule (MOPR), and scale it back ahead of the Base Residual Auction (BRA) for delivery year 2023/2024, which is scheduled to take place five months from now.
-
New York state is to explore green hydrogen production as part of its decarbonization strategy.
-
Avangrid has submitted a series of project proposals to the US Department of Energy (DOE), including for hydrogen production facilities that will be powered by offshore wind generation and co-located at an existing gas-fired power plant.
-
The US Department of the Interior is planning to issue a Request for Interest (RFI) for the development of offshore wind projects on the Gulf of Mexico's outer continental shelf.
-
The US Bureau of Ocean Energy Management has kicked off its environmental review of Ørsted and Eversource’s Revolution Wind project off the coast of New England.
-
The Brazilian state of Rio Grande do Sul has reversed the judicial decision that suspended the privatization of state-owned power distribution company CEEE-D.
-
The United Nations Commission on International Trade Law has ruled in favor of the Colombian government in a dispute over its 2016 seizure of regional utility Electricaribe from Spain's Naturgy Energy (then Gas Natural Fenosa).
-
Mexico's competition authority, Cofece, has urged Congress not to pass a bill that would unwind the country's landmark energy market reforms of 2014.
-
Mexico's state-owned Comisión Federal de Electricidad (CFE) has said it will reduce the amount of renewable power injected into the grid after blaming intermittent generation sources for an outage on December 28.
-
A subsidiary of Engie in Brazil has suspended construction on a transmission line because of a judicial decision.
-
The new administration in the Dominican Republic has announced plans to update the regulatory framework for renewable energy to create a more favorable environment for private investors.
-
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.
-
Chile’s Environment Commission of the Chamber of Deputies is moving forward with a bill that seeks to prohibit the development and operation of coal-fired plants by 2025.
-
Brazilian law firm Mattos Filho has announced it will open a new office in the city of Campinas, in São Paulo state.
-
Mining conglomerate Grupo Mexico has been granted a temporary suspension of the increase in transmission fees for old self-supply contracts for its 74 MW wind project in Oaxaca.
-
Mexico's Supreme Court has granted a temporary suspension of a restrictive government policy on renewable energy development in a case brought by competition authority Cofece.
-
After denouncing Mexico's policy on permits for renewable energy projects in May, Mexico's competition authority Cofece has argued that it is unconstitutional in a lawsuit filed before the Supreme Court aimed at overturning the measure.
-
Mexico's Business Coordinating Council has hit back at transmission fee hikes by state-owned utility Comisión Federal de Electricidad (CFE), describing the policy as “illegal and inadmissible” and "indefensible."
-
An infrastructure and energy lawyer is among six attorneys recently promoted to partner by Brazilian law firm Mattos Filho.
-
Market participants in Mexico say new transmission costs imposed on power projects approved before the 2014 Energy Reform – known as proyectos legados – will have a trickle-down effect in the sector harming the asset's developers, equity investors, lenders and off-takers.
-
Greenpeace and the Mexican Center for Environmental Law (CEMDA) have secured a temporary suspension of policies introduced by Mexican grid operator Cenace and the Secretariat of Energy (SENER) that threaten to delay the interconnection of renewable energy projects in the country.
-
Argentinian independent power producer Stoneway Capital Corp has secured a forebearance agreement from its creditors, who had been discussing foreclosure in mid-March.
-
A group of renewable energy developers in Mexico have won a legal reprieve against grid operator Cenace' suspension of interconnections for wind and solar projects.
-
Development finance institution IDB Invest is preparing a debt package for Naturgy Energy's distribution companies in Panama, which are facing liquidity problems as a result of the government's response to Covid-19.
-
Mexico's Secretariat of Energy (SENER) has officially announced a measure to limit the development of renewable projects in the country, prompting a backlash from industry groups.
-
Mexico's competition authority, Cofece, has denounced grid operator Cenace's suspension of the interconnection of renewable energy projects as an unclear, unfair policy that is harmful to future investments.
-
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.
-
The U.S. Securities and Exchange Commission has sued a former Goldman Sachs banker over his role in an alleged scheme to obtain a power purchase agreement for a Ghanaian power plant through bribery.
-
Project finance bankers in New York are eyeing PMGD (Pequeños Medios de Generación Distribuida) solar portfolios in Chile, which have become attractive investments—at least until the law changes.
-
Chile’s National Electric Coordinator (NEC) has asked power companies in the country to submit plans to confront possible disruptions caused by the Covid-19 pandemic, as Chile sees the number of patients rise.
-
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.
-
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.
-
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).
-
As the Mexican government upends incentives, self-supply contracts and the market for clean energy certificates, project finance and investment bankers in New York and developers in Mexico City are attempting to gauge the impact and decipher the administration's motives.
-
Spain's Naturgy Energy Group has devalued its stake in power distributor Electricaribe and initiated suits against insurers, as it waits for a resolution of its arbitration claim against the Colombian government.
-
New Energy Solar Manager, the manager of US Solar Fund, has claimed in a statement issued on Jan. 30 that it has been the victim of a $6.9 million contracted construction payments fraud.
-
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.
-
Colombian public utility regulator SuperServicios has postponed the auction to sell struggling power distributor Electricaribe until Feb. 2020.
-
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.
-
Uruguay has set a new date for the sale of state-owned company Gas Sayago, which was set up to develop a failed offshore regasification project in the country.
-
Colombian public utility regulator SuperServicios has set dates for an auction to sell struggling power distributor Electricaribe.
-
"I am back in Houston,” reads a Jeffrey K. Skilling LinkedIn profile apparently created in September of last year, shortly after the former Enron executive was transferred from a minimum security federal prison camp in Alabama to a halfway house under the supervision of RMM Houston, a residential reentry management field office of the Federal Bureau of Prisons.
-
A former client has hit Norton Rose Fulbright with a $20 million lawsuit, alleging that the firm's attorneys helped others to swindle him out of a stake in a decommissioned gas-fired cogeneration facility, a few months after a related case was dismissed.
-
Exelon Corp. subsidiary Exelon Generation Co. has filed a lawsuit against First Energy Solutions to prevent it from backing out of the $140 million sale of its retail and wholesale load-serving business, which was signed in July.
-
A recent court decision relating to a wind project financing in 2010 has injected a dose of uncertainty into valuations used in renewable project deals, especially those involving investment tax credits.
-
The ceo of Albanesi Group, an Argentine generation company, has been arrested as part of a federal bribery investigation.
-
The final version of the Republicans’ signature tax reform bill puts to rest many of the fears expressed by the renewable industry, but leaves unclear how the broader tax equity market will adapt to the new rules, writes Eli Katz, partner at Latham & Watkins in New York.
-
A proposed change to spot market bidding rules in PJM Interconnection could raise power prices, according to a report by Moody’s Investors Service.
-
Policymakers in Europe are considering tinkering with regulatory capital rules to allow banks to hold less capital against “green” assets, such as renewable project finance loans.
-
The fact that the Suniva 201 trade case is now moving to the remedy phase has the potential to slow or stop solar projects in the works, write John Marciano, Shana Hofstetter and Greg Lavigne of Akin Gump Strauss Hauer & Feld.
-
The U.S. International Trade Commission has found injury to the domestic crystalline silicon solar cell industry based on a petition bought by bankrupt manufacturers Suniva and SolarWorld.
-
Two new commissioners on the U.S. Federal Energy Regulatory Commission have been confirmed by the U.S. Senate, breaking a six-month deadlock due to a lack of quorum.
-
The White House announced two nominations for the U.S. Federal Energy Regulatory Commission last week.
-
The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
-
The U.S. President has selected two prospective Republican commissioners to sit on the Federal Energy Regulatory Commission, the White House announced on Monday.
-
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.
-
Sungevity filed for Chapter 11 bankruptcy protection in Delaware on Monday. The Oakland, Calif.,-based distributed solar sponsor has agreed to sell its assets to a group of investors.
-
Bankers are blaming a slow start to the year in U.S. renewables project finance on uncertainty around corporate tax reform, but activity could pick up once developers get their heads around the risks.
-
The controversial 11 GW Belo Monte hydro project in Brazil’s Amazonian state of Pará has received an $826 million-equivalent financing to build the first of two transmission lines to siphon generation to the country’s South East.
-
The board of supervisors of an Arizona county has issued a request for proposals for up to 1.5 GW of utility-scale solar projects.
-
The U.S. Federal Energy Regulatory Commission has issued an order delegating additional authority to its staff in lieu of quorum.
-
The Supreme Court of Chile has revoked the environmental permit for the Penco Lirquén offshore regasification terminal, one of two commercially-linked projects, collectively known as Octopus LNG, that obtained debt financing at the end of last year.
-
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.
-
The U.S. Federal Energy Regulatory Commission will be unable to issue orders from Friday until at least one commissioner is nominated by the president and confirmed by the Senate.
-
The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
-
GE Capital's Homer City coal-fired project in Indiana County, Pa., has filed for a pre-packaged restructuring under Chapter 11, as expected.
-
Homer City Generation, a GE Capital subsidiary that owns a 1,884 MW three-unit coal-fired plant in Indiana County, Pa., has reached an agreement with its bondholders regarding a “comprehensive financial restructuring plan” as it prepares to file for bankruptcy this week.
-
Speakers and attendees at the 20th Annual Platts Mexican Energy Conference on Nov. 14 expressed surprise at the speed and success of reforms to the energy market, but warned that some of the renewables projects that won contracts in the country’s first two power auctions may not materialize.
-
The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
-
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.
-
The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
-
The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
-
SunEdison is under investigation by the U.S. Securities and Exchange Commission, which has issued the company with a subpoena for emails and other electronic documents sent or received by current and former heads of the company and its two yield companies, TerraForm Global and TerraForm Power.
-
The chairmen of the U.S. Senate Committee on Finance and House Committee on Ways and Means have embarked on a fact-finding mission into how incentives for solar projects have been applied.
-
In this week’s Industry Current, Bernays ‘Buz’ Barclay, managing partner at Rimon P.C. and senior adviser to Marathon Capital, calls on the power industry to engage with blockchain technology.
-
The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
-
Sponsors with gas-fired projects in New York are facing the new reality that nuclear projects in the state could stay online for longer than previously thought.
-
In this week’s Industry Current, David Burton of Mayer Brown and Richard Page of Akin Gump Strauss Hauer & Feld discuss the latest tax incentives for solar generation in Idaho, which could encourage additional solar developments in the state.
-
Covanta Energy is seeking authorization from the U.S. Federal Energy Regulatory Commission to extend its lease of a waste-to-energy facility in Union County, N.J. into the second half of the twenty-first century.
-
SunEdison has obtained $300 million of debtor-in-possession financing from its creditors and filed for Chapter 11 bankruptcy protection, the company announced on April 21.
-
A company owned by funds of Ares-EIF and Power Plant Management Services have agreed to pay $7.2 million in fines and civil penalties after pleading guilty to tampering with emissions equipment at the 245 MW gas-fired Berkshire Power project in Agawam, Mass., and lying to environmental and energy regulators for three years.
-
Beleaguered renewables sponsor Abengoa is seeking Chapter 15 bankruptcy protection in the U.S., having obtained the support of a majority of its creditors for a standstill agreement in Spain.
-
SunEdison has settled a lawsuit brought against it by the shareholders of Latin America Power after SunEd pulled out of a deal to acquire the Chilean wind and hydro sponsor last year.
-
Draft legislation which would extend the production tax credit for wind projects by two years would lead to an increase in wind project development if it is passed, say deal watchers.
-
The U.S. Federal Energy Regulatory Commission has approved a divestiture plan proposed by Talen Energy, which was challenged by Macquarie Infrastructure Corp.
-
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.
-
As a Brazilian law passed to increase solar development comes into effect, three former wind power developers are targeting growth in the commercial and industrial space.
-
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.
-
This Industry Comment is written by Paul Forrester, a partner in the Chicago office of Mayer Brown. Here, he examines the swap reporting requirements that result from the recent rise of non-utility renewables offtakers.
-
The announcement of the results of the 2018/19 base residual auction for capacity in PJM on Friday will spur merger and acquisition activity in the region in the coming months.
-
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.
-
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.
-
Benjamin L. Israel, a Kaplan, Kirsch & Rockwell partner discusses renewable energy mandates in the context of the EELI v. Epel case--in his capacity as a representative of the Interwest Energy Alliance, an intervening party in the case.
-
SunEdison is the latest to join the bandwagon of private players investing in Brazil in spite of concerns over a nationwide economic lull and the declining contribution of the country's development bank to project financing.
-
This Industry Current is written by John Thomas, executive vice president and cfo at Tennessee Valley Authority in Knoxville, Tenn. Thomas discusses the scope for distributed generation in the context of electric utilities.
-
Market watchers say that the U.S. Supreme Court’s recent ruling on emissions regulations enacted by the Environmental Protection Authority could delay the retirement of coal-fired plants.
-
Yield companies are set to circumvent the challenge of new competition if the Master Limited Partnerships Parity Act, recently reintroduced by Delaware and Kansas senators Chris Coons and Jerry Moran, passes muster.
-
This Industry Current is written by Keith Martin, a Washington, D.C.-based partner at Chadbourne & Parke. Martin’s narrative analyzes the IRS’ guidelines for partnership flip transactions in the context of benefits to solar developers and tax equity players.
-
The U.S. offshoot of Spain's Iberdrola is planning to launch a partial IPO once it completes its merger with Orange, Conn.-based United Illuminating Holding Co.
-
Sempra Energy is gearing up to launch an IPO of Sempra Partners LP, a master limited partnership, as it focuses on ramping up its LNG projects.
-
Allianz is planning to make its maiden tax equity investment in the U.S. wind market, and is talking to sponsors about prospective deals.
-
PJM is proceeding with its annual capacity auction this summer following the FERC’s approval of its capacity performance proposals late on Tuesday, June 9.
-
After 15 years at Duke Energy Progress, Bruce Barkley is exiting the company to join Piedmont Natural Gas as vp of regulatory affairs.
-
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.
-
At least three large utilities are coming to market this week against the backdrop of an expected rise in short-term interest rates during the fourth quarter.
-
BHE Renewables is scouting the purchase of a partnership interest in a 251.6 MW natural gas-fired cogen facility in New York from GE Capital.
-
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.
-
The Tennessee Valley Authority aims to issue up to $1 billion by issuing power bonds after summer, partly to finance a portion of two CCGT projects totaling 1.7 GW.
-
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.
-
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.
-
Mississippi Power is evaluating alternatives to offset the impact of South Mississippi Electric Power’s withdrawal from a planned investment in a 582 MW coal-fired facility in Kemper County, Miss.
-
David Burton, partner, and Richard Page, associate, at Akin Gump Strauss Hauer & Feld in New York, survey the renewables landscape in North Carolina, which has put a decrease in renewable energy tax credits on ice and could freeze the proportion of renewables that state-controlled utilities are required to buy.
-
Keith Martin, partner at Chadbourne & Parke expounds the framework laid out by the IRS for companies aiming to operate as master limited partnerships.
-
Invenergy is shopping for debt to finance its 1.3 GW Lackawanna gas-fired project, in Pennsylvania, pegged at a cost of $900 million.
-
SunEdison has tapped four banks as bookrunners for an IPO of its emerging markets yield company.
-
Cheniere Energy is planning to add two additional trains at one of its LNG export projects, and plans to finance these trains in 2017.
-
Xcel Energy is eyeing an acquisition of the 200 MW Courtenay wind farm near Jamestown, N.D., from Geronimo Energy.
-
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.
-
Alliant Energy Corporate Services is inviting bids to contract up to 200 MW of wind projects across Iowa.
-
Freeport LNG has clinched a $4.56 billion deal in senior debt and mezzanine financing backing its third LNG train near Freeport, Texas.
-
A peregrine falcon dubbed Houdini may be the answer to the perennial bird-versus-wind turbine controversy.
-
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.
-
Scores of project financiers, investors and sponsors descended on The Wynn Las Vegas for one of the largest events in the power industry calendar: the Platts’ 30th Annual Global Power Market Conference.
-
California-based Lightbeam Electric has floated an S-1 with the SEC, aiming to raise $100 million in its initial public offering as a yield company.
-
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.
-
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.
-
MUFG Union Bank subsidiary Bankers Commercial Corp. is selling its stakes in a pair of wind farms totaling 98 MW in Kern County, Calif., to investors.
-
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.
-
Fortis is selling its interests in a portfolio of hydro projects in New York to an affiliate of the City of Ottawa.
-
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.
-
A consortium of at least five creditors is looking to acquire minority stakes in Longview Power as it looks to convert the debt held by its lenders to equity interests.
-
Pattern Energy Group is acquiring a trio of wind projects from Wind Capital Group and Pattern Development for a combined purchase price of $372 million.
-
AES Corp. has secured a fixed coupon of 5.5% to refinance its existing debt through $575 million in senior unsecured notes.
-
Apex Clean Energy has closed a $397 million construction loan for its 299 MW Kay wind project in Kay County, Okla.
-
This week’s Industry Current is written by Mona Dajani, partner, and Michael Reed, associate of the North America energy, banking & finance group at Baker & McKenzie. The feature provides insights into Mississippi's Court ruling mandating Mississippi Power Co. to refund $281 million to ratepayers.
-
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.
-
A GE Energy Financial Services unit has agreed to purchase a stake in a portfolio of renewable and thermal projects totaling 579 MW from an affiliate of Enel Green Power North America.
-
Eversource Energy is looking to sell roughly 1 GW of hydro and thermal plants in New Hampshire through an auction.
-
Morgan Stanley is launching a $275 million term loan package for Longview Power at a bank meeting in New York tomorrow.
-
Apex Clean Energy is looking for financing for 450 MW of wind projects in Oklahoma.
-
Duke Energy Florida is looking to buy Calpine Corp.’s 599 MW Osprey combined cycle plant in Auburndale, Fla., for $166 million.
-
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.
-
We Energies has scrapped the sale of its 431 MW coal-fired facility in Michigan to Upper Peninsula Power Co.
-
Abengoa and EIG Global Energy Partners are looking to finance their 924 MW Norte III combined cycle project in northern Mexico.
-
Dynegy is open to buying Ohio coal-fired generation from AEP Ohio, if the American Electric Power Co. subsidiary opts to sell the assets.
-
8minutenergy Renewables and D.E. Shaw Renewable Investments seek to raise over $1 billion in financing for a portfolio of utility-scale solar projects in California.
-
Ontario’s Independent Electricity System Operator has issued a request for proposals for 565 MW of renewable generation.
-
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.
-
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.
-
Quantum Utility Generation has closed a $95 million construction and term loan facility for the 40 MW Passadumkeag wind project in Maine.
-
Khosla Ventures has bought 100% of the equity in a 50 MW geothermal project owned by a subsidiary of EIG.
-
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.
-
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.
-
Deepwater Wind Block Island, a subsidiary of Deepwater Wind, has closed the first financing for an offshore wind project in the U.S.
-
Dynegy is canceling a process to sell its 2.7 GW California portfolio after concluding a strategic evaluation with advisors Bank of America Merrill Lynch and Barclays.
-
Affiliates of 8minutenergy Renewables and D. E. Shaw Renewable Investments are in the market for $130 million in debt for the 133 MW Springbok solar project in Kern County, Calif.
-
This week’s Industry Current is written by David Burton, partner, and Richard Page, associate, at Akin Gump Strauss Hauer & Feld in New York.
-
As executive v.p. of North America utility and global wind for SunEd, Paul Gaynor is looking to leverage the new wind business over SunEd’s existing global reach. Senior Reporter Olivia Feld sat down with Gaynor to discuss his new role and strategy for wind projects at SunEd.
-
First Solar and SunPower are in advanced talks to launch a joint yield company.
-
Southern Company’s subsidiary Southern Power has acquired two of Tradewind Energy’s solar photovoltaic projects totaling 99 MW in Georgia.
-
Technology companies are providing a bright spot in the perennial hunt for power purchase agreements this month.
-
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.
-
This week’s Industry Current is written by David Burton, partner at Akin Gump Strauss Hauer & Feld in New York. Burton, who focuses on tax matters with an emphasis on project finance and energy transactions, examines the now delayed Sol-Wind IPO and compares it to traditional yield companies and master limited partnerships.
-
Prospective yield company Sol-Wind Renewable Power has indefinitely pushed back its initial public offering.
-
Rabobank pulled out of a financing backing the 298 MW Kingfisher wind project in Oklahoma just before the transaction closed.
-
Dino Barajas, partner at Akin Gump Strauss Hauer & Feld, explores investor interest in Mexico's renewables sector and highlights related prospects and opportunities.
-
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.
-
Renewable developers RES America and Blackstone Group-backed OffshoreMW have won leases in the largest U.S. offshore wind auction to date.
-
American Electric Power Co. is considering strategic options for up to 10,393 MW of merchant generation in Ohio and Indiana, including a sale or retaining assets if the company garners regulatory approval for long-term contracts.
-
Enel Green Power North America has scooped tax equity investment for its 150 MW Osage wind project in Oklahoma.
-
The U.S. House of Representatives has passed a bill to expedite the approval process for liquefied natural gas export permits to countries with non-free trade agreements with the U.S.
-
Jay Worenklein, former partner and co-head of global projects at Akin Gump Strauss Hauer & Feld, has left the firm and launched US Grid Co., which is focusing on enhancing, developing and financing distribution systems.
-
PPL Corp. and Riverstone Holdings have agreed to sell a package of assets in PJM to garner approval from the U.S. Federal Energy Regulatory Commission to form their proposed independent power producer Talen Energy.
-
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.
-
The proliferation of distributed generation, energy efficiency measures and technologies that enable demand conservation, are putting significant pressure on the traditional utility business model.
RECENT ARTICLES
Recent Articles |
|