-
The Department of Energy (DOE) has awarded $62 million to 20 projects focused on research, development, and deployment of next-generation green hydrogen technology.
-
Google is planning to build its second data centre facility in Latin America.
-
The Public Utilities Commission of Texas (PUCT) has selected 17 projects totalling $5.38 billion to advance to the next round of the review process for the Texas Energy Fund (TEF) grant program.
-
Brazilian development bank BNDES has approved R$1.14 billion ($202m) in financing for 2 solar complexes in Brazil.
-
The Bureau of Ocean Energy Management (BOEM) has finalised 2 floating offshore wind areas off Oregon and announced the date for its upcoming auction in October.
-
Peruvian investment promotion agency ProInversión has awarded 5 transmission projects in its latest auction to Alupar Perú.
-
The Bureau of Ocean Energy Management (BOEM) is exploring offshore wind options off the coast of Hawaii and the US territory of Guam.
-
Eneva has secured R$1 billion ($177 million) in financing for a gas-fired power plant the company is developing in Brazil.
-
CenterPoint Energy is proposing to invest around $5 billion from 2026 to 2028 on grid resiliency in the aftermath of damage caused by Hurricane Beryl.
-
National Storage Affiliates Trust (NSA) and Solar Landscape have teamed up to develop at least 100MW of solar capacity.
-
State-owned Empresa Provincial de Energía de Córdoba (EPEC) is partnering with renewables developer Coral Energía on a portfolio of solar assets in Argentina.
-
Nu:ionic Technologies and HybriGenix Futures have signed a memorandum of understanding (MoU) to develop a clean power and hydrogen facility in Edmonton, Alberta.
-
AES Andes has received the greenlight from Chile’s Environmental Evaluation Service to proceed with a $800 million hybrid project.
-
Industrial gases and engineering company Linde has agreed to invest $2 billion in a clean hydrogen project in Alberta, Canada.
-
Standalone storage development in Chile has arrived with project financing deals finally closing in the last 2 months. The age of battery storage comes as Chile remains riddled with curtailment issues, high exposure to zero marginal cost and price decoupling, especially in the north of Chile.
-
Brazil’s National Electric Energy Agency (Aneel) has confirmed the September transmission auction but has withdrawn lot 2 from the original set of projects to be tendered.
-
Brazilian utility Cemig is planning to issue R$2 billion ($363m) in debentures for its distribution business, Cemig-D, on 15 September 2024.
-
The Tennessee Valley Authority (TVA) board of directors has approved an additional $150 million to fund TVA’s small module nuclear reactor (SMR) initiative at its Clinch River site in Tennessee.
-
Renewables developer Arevon Energy will look to start financing its Avocet Energy Storage Project in Q1 2025 after securing permitting and signing an interconnection agreement, PFR has learned.
-
Meyer Burger has halted plans to develop a solar cell production facility in Colorado Springs, Colorado and announced restructuring measures.
-
The Superintendency for the Development of the Northeast (Sudene) has released R$267 million ($49m) to finance renewable projects in Brazil.
-
Clearway Energy Group has closed a $550 million construction loan with a consortium of banks for a 140MW/118MW solar-plus-storage project in California.
-
CleanCapital and Arena Renewables have partnered to develop a portfolio of community and C&I solar projects in grid-critical areas in Illinois, Maryland, and other parts of the US.
-
Spanish renewables developer X-Elio is planning to develop a 94MW solar-plus-storage project in Chile.
-
CPFL Energia is partnering with cement maker Mizu Cimentos to develop a green hydrogen plant in Rio Grande do Norte, Brazil.
-
Spanish renewable energy-focused investment platform Qualitas Energy is looking to finance a portfolio of renewable assets in Chile, PFR understands.
-
Steel manufacturer ArcelorMittal and renewables developer Casa dos Ventos are extending their partnership in Brazil with a solar project.
-
Israeli renewable-focused fund Windin Capital is set to close financing for a wind farm the company owns in Chile, PFR understands.
-
SolarBank is planning to develop a 6.41MW ground-mount solar power project called the East Bloomfield project in New York.
-
Deriva Energy has secured the domestic content bonus credit and the energy community tax credit bonus for the North Allegheny Wind, Pennsylvania.
-
Arevon Energy is readying for financial close on the 60MWac Heirloom Solar Project in Pike County, Indiana.
-
Toyota Tsusho America has closed the financing for the 159MW Norton Solar Project in Runnels County, Texas which is being constructed by Avantus.
-
Vestas and Brazilian renewables developer Renobrax are planning to develop a wind project in the state of Rio Grande do Sul in Brazil.
-
German renewables developer Uka Group has received approval to move ahead and start construction of its Llanos de Rungue solar project in Chile.
-
Swift Current Energy has closed on a tax equity investment from Google for its 800MW Double Black Diamond Solar project in southern Illinois.
-
Boralex has closed a $95 million financing for the 52MW Témiscouata II wind farm in Quebec.
-
Scala Data Centers has raised R$1.37 billion ($250m) in green debentures for the company’s SGRUTB09 data centre in Brazil, the largest in Latin America.
-
Santiago-based renewables developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.
-
German developer Soventix is planning a solar-plus-storage project in Chile.
-
Eversouce Energy’s Huntsbrook Offshore Wind (OSW) Hub project has been awarded a Department of Energy (DOE) grant of $89 million.
-
Corio Generation has signed a memorandum of understanding with offshore construction business Estaleiros do Brasil (EBR) for the development of offshore wind generation in Brazil.
-
California-based Natron Energy plans to develop a $1.4 billion utility-scale battery manufacturing plant in North Carolina.
-
Birch Creek Energy has closed project financing for a Missouri solar farm with Celtic Bank and West Town Bank & Trust.
-
Tucson Electric Power (TEP) is planning a 200MW battery energy storage system in southeast Tucson, Arizona.
-
rPlus Energies has signed a power purchase agreement (PPA) for its Pleasant Valley Solar II project in Idaho with Idaho Power and Meta, PFR has learned.
-
Atlas Renewable Energy has raised close to R$1.5 billion ($274m) in bonds to finance its Luiz Carlos solar complex in Brazil.
-
US solar manufacturing company Ebon Solar has announced its plan to develop a nearly $1 billion PV manufacturing plant in Albuquerque, New Mexico.
-
Equinor and Dominion have been named the provisional winners of the Central Atlantic offshore wind lease area tender, totalling $93 million.
-
Prumo Logística and Norwegian renewables company Fuella have signed an area reservation contract for the newly-licensed green hydrogen hub at the Porto do Açu complex.
-
Celeo has secured a $100 million bridge loan from Germany’s KfW IPEX-Bank for a portfolio of transmission projects in Chile.
-
Atlas Renewable Energy has closed a $289 million financing for the company’s BESS del Desierto project in Chile, marking the company's first financing for standalone batteries in Chile.
-
rPlus Energies is seeking financing for its Pleasant Valley Solar II project in Idaho, PFR has learned.
-
The Bureau of Ocean Energy Management (BOEM) has finalised its environmental assessment of the lease areas in the upcoming Oregon floating offshore wind energy auction.
-
Swiss fund manager SUSI Partners has made an investment into a portfolio of battery storage projects, expanding the firm’s partnership with Chilean developer BIWO Renovables.
-
Decarbonisation technology developer 8 Rivers Capital has partnered with Siemens Energy to develop carbon capture turbines.
-
ING and Investec will provide Voltera, the developer, owner, and operator of charging infrastructure for the EV fleet, with a first–of–its–kind $100 million debt facility to fund the rollout of charging sites around the US.
-
Residential solar developer Terra Energy has landed a MXN$500 million ($26m) loan from Beel Infrastructure Partners in Mexico.
-
Spanish renewables developer Grenergy reached financial close in July 2024 for the first 2 phases of its Oasis de Atacama solar-plus-storage project in Chile, the largest storage project in the world according to the company.
-
Infrastructure and construction company HYCSA Group is launching an energy and sustainability division, HYCSA Green Capital, operating in Mexico.
-
Peru’s investment promotion agency ProInversión is set to award 3 projects totalling $101 million in investments in December (2024).
-
EmberClear Management has submitted loan applications for 1.8GW peaking plants to the Texas Energy Fund.
-
Onyx Renewable Partners has partnered with Telyon, a turnkey renewable developer, to develop 40MW of commercial and industrial (C&I) solar in the US.
-
Summit Ridge Energy has sold $40 million in transferable tax credits from a Virginia community solar project via the tax credit transfer platform Reunion.
-
Qcells has received a $1.45 billion conditional loan commitment from the Department of Energy (DOE) for its 3.3GW Georgia solar panel supply chain manufacturing facility.
-
Electrochemical technology company Twelve has closed a $45 million over 2 financings led by Fundamental Renewables and SMBC to develop and produce sustainable aviation fuel (SAF).
-
AES Indiana plans to invest $1.1 billion in repowering energy projects throughout the state by 2026, including replacing 2 coal-fired units at the Petersburg Generating Station.
-
Argentine aluminum producer Aluar is expanding its wind farm with 336MW of additional capacity.
-
rPlus Energies is looking to syndicate its $1.1 billion financing for the 400MW/1.6GWh Green River Energy Centre that closed last month, PFR has learned.
-
Ørsted has partnered with renewable developer Mission Clean Energy to develop 4 standalone battery storage projects, totalling 1GW, across the midwestern US.
-
Pivot Energy and Microsoft have created a 5-year partnership to develop 500MWac of community solar projects across the US.
-
Brazilian development bank BNDES has approved a R$1.394 billion ($248m) financing for RGE Sul Distribuidora de Energia (RGE Sul), a utility operating in the state of Rio Grande do Sul.
-
Standard Chartered has invested $235 million in a Texas solar modular factory being developed by global renewable company Trinasolar.
-
Origis Energy has inked a $71 million tax equity financing from US Bancorp Impact Finance for its Rice Creek Solar project in Florida.
-
Argentine renewables developer Eoliasur is planning a $607 million battery energy storage system (BESS) in Chile.
-
Aypa Power has closed a $323 million financing led by ING Capital for its 150MW/600MWh Kuna energy storage project outside of Boise, Idaho.
-
Summit Ridge Energy and HASI have signed a $309 million financing for a portfolio of 80 operating community solar assets in Illinois and Maryland, totalling 218MW, the pair co-own.
-
Brazilian sugar and ethanol producer São Martinho has requested a loan from the International Finance Corporation (IFC) for a biomethane project.
-
The Department of Energy has awarded $2.2 billion in the second round of its Grid Resilience and Innovation Partnerships (GRIP) program to 8 projects that seek to strengthen transmission lines and expand grid capacity.
-
The Department of Energy (DOE) is set to release $30 million in funding opportunities for clean energy projects that will support Native American tribal communities and universities by the end of August (2024).
-
Ontario-based solar manufacturing company Heliene is looking to sell the associated advanced manufacturing tax credits (45x) from its 800MW Minnesota PV factory by the end of this month, PFR has learned.
-
Tax credit transferability has dramatically altered the tax equity market since it was introduced in 2023 under the Inflation Reduction Act. From bringing in more would-be investors and facilitating the creation of online platforms to sell credits, transferability immediately expanded the traditional $20 billion (or so) tax equity market. In 2023 it added around $9 billion of new deals and is expected to double the market by the end of 2024.
-
The Department of Energy (DOE) has chosen Hecate Energy to develop a 1GW solar farm on the site of the Manhattan Nuclear Project in Washington State.
-
Great Bay Renewables (GBR) has closed its $30 million royalty investment in Nokomis Energy, a distributed generation developer in the Midwest.
-
Canada will commit up to $300 million to support clean hydrogen trade with Germany as the 2 nations look to build a hydrogen trade corridor.
-
Beel Infrastructure has requested an equity investment of up to $30 million equivalent in MXN from the International Finance Corporation (IFC).
-
The Appalachian Hydrogen Hub (ARCH2) has received its first tranche of financing from the Department of Energy (DOE).
-
Santiago-based renewable developer Biwo Renovables is adding a solar project to its development pipeline in Chile.
-
YPF and state-owned Malaysian oil and gas company Petronas are partnering on a massive LNG project that will be located in the town of Sierra Grande in the province of Río Negro.
-
Enlight Renewable Energy’s subsidiary Clenera Holdings has closed a $400 million financing facility for the energy storage portion of its New Mexico-based Atrisco Complex, a 364MW solar and 1.2GWh storage project.
-
Brookfield Renewable US has filed a notice of intent (NOI) with the Oregon Department of Energy to develop a 900MW solar-plus-storage project in Sherman County.
-
Atlas Renewable Energy is planning to issue additional bonds for the Luiz Carlos solar complex the company is developing in Brazil.
-
Excelsior Energy Capital has signed a multiyear agreement to purchase 2.2GWh of US-manufactured battery cells from Fluence Energy.
-
esVolta has secured $258 million in financing led by MUFG for its 980MWh BESS portfolio in Texas.
-
Peru’s ProInversión has prequalified 5 bidders in an upcoming auction that will see the agency award 4 transmission projects totalling $137 million.
-
Atlas Renewable Energy has issued R$750 million ($133m) in debentures for the Luiz Carlos solar complex in Brazil.
-
Global Infrastructure Partners (GIP) portfolio company Eolian has closed a $390 million financing facility for a portfolio of renewable energy assets across the US.
-
The Alberta Utilities Commission has approved the construction and operations plan of the Saamis project, located in Medicine Hat, one of the sunniest cities in the province.
-
Summit Ridge Energy has closed a tax equity financing from Foss & Co for its Project Vesta Part 1 & 2 in Illinois.
-
Santiago-based Cristaria Solar SpA is planning to develop a $355 million solar project in Chile.
-
The Bureau of Ocean Energy Management has released its final environmental impact (EIS) statement for US Wind’s proposed Maryland Offshore Wind Project.
-
Hecate Energy Gulf Wind has made an unsolicited lease request with the Bureau of Ocean Energy Management for 2 offshore wind energy areas (WEAs) previously identified for the 2021 Gulf Coast tender.
-
Casa dos Ventos, through its subsidiary Ventos de São Rafael Renováveis SA, has issued R$2.5 billion ($442m) in debentures in Brazil.
-
Santiago-based renewables developer Eactiva is planning to develop a solar-plus-storage project in Chile.
-
Morgan Stanley Senior Funding has been identified as the lender of a $700 million loan to New Fortress Energy for its Mexico-based FLNG unit 2, PFR has learned.
-
Minnesota-based PV module manufacturer Heliene has partnered with Premier Energies, an India-based solar cell developer, to plan a manufacturing facility in the US.
-
CarbonCapture and WL Gore & Associates have partnered to advance direct atmospheric carbon dioxide removal technology in a multi-year project.
-
The Inter-American Development Bank (IDB) has approved to disburse $600 million to finance the energy transition and promote private investments in Ecuador.
-
Spain’s Acciona was awarded a permanent concession for its San Jose solar project by the Energy and Mines Ministry (MINEM) in Peru.
-
The Pacific Northwest Hydrogen Association (PNWH2) joins the California Hydrogen Hub (ARCHES) as the first two Department of Energy-chosen regional hub to receive their Phase 1 awards.
-
Honduran conglomerate Kattan Group has requested financing from IDB Invest to finance a rooftop solar project.
-
Vienna-based renewable developer Austria Energy is planning to develop a $11 billion green ammonia project in Chile.
-
Community solar provider Nexamp has partnered with Starbucks to deploy 40MW of solar projects in Illinois.
-
CWP Global has signed a memorandum of understanding (MoU) with the government of Tierra del Fuego for the development of green hydrogen in the province.
-
New Fortress Energy has closed a $700 million loan for its FLNG unit 2 in Mexico.
-
Greenbacker Capital Management has executed a novel wind proxy hedge risk transfer for its Maine wind farm and raised additional debt for the project with MUFG.
-
IDB Invest and the Green Climate Fund (GCF) are partnering to support resilient infrastructure investments in the Caribbean region.
-
Energía de Colombia SAS ESP has landed COP$708 billion ($177m) for the refinancing of an operating transmission asset in Colombia.
-
Click HERE for the full roundtable
-
Blackstone-owned energy storage business Aypa Power has closed its $650 million pre-notice to proceed development facility.
-
Sempra Infrastructure awaits final Federal Energy Regulatory Commission (FERC) approval, readying itself to secure project financing for its Port Arthur LNG Phase 2, PFR has learned.
-
Mexico’s renewables market had been described by some industry professionals as at “rock bottom” but with a change at the political top the market is bracing for a rebound.
-
Peru’s ProInversión has prequalified 3 bidders in an upcoming auction that will see the agency award 5 transmission projects totalling $441 million.
-
Renewables developer Sphera Energy is planning to develop a pair of standalone battery energy storage projects in Chile.
-
Copia Power has closed a $135 million tax equity financing from Santander for its 150MW Harquahala Sun 1 project in Arizona.
-
Clearway Energy Group has closed on more than $700 million in construction financing for solar and standalone battery projects in California, PFR has learned.
-
Generac Power Systems has been awarded a grant of up to $200 million from the US Department of Energy for residential solar and battery storage systems in Puerto Rico.
-
Dimension Energy has revealed plans to invest $3 billion in solar and storage projects over the next 5 years.
-
The US Department of Energy’s Loan Programs Office (LPO) has agreed to a loan guarantee of up to $861.3 million to finance solar and storage projects in Puerto Rico.
-
Renewable developer RZK Energia has raised R$165 million ($30m) in debentures for a portfolio of distributed solar generation projects in Brazil.
-
Primergy is approaching lenders as it locks in project financing for its 400MW/1600MWh Purple Sage Energy Centre in Nevada, PFR understands.
-
Fortescue is moving forward with its $6 billion green hydrogen plant in Brazil as the company’s board of directors made an early investment decision.
-
Atiaia Renováveis is planning to issue R$215 million ($39m) in debentures for a hydroelectric project the company is developing in Brazil.
-
New York City-based battery storage developer NineDot Energy has inked an additional $25 million revolving credit facility from NY Green Bank.
-
Intersect Power has closed 2 project financings totalling $837 million for 3 standalone battery energy storage systems (BESS) in Texas.
-
Waga Energy is commissioning a renewable natural gas (RNG) production unit at a landfill site in Quebec, Canada.
-
Renew Energy Partners has sold tax credits from a Manhattan, New York-located combined heat and power system project to a private buyer represented by Foss & Company.
-
rPlus Energies has closed a $1 billion construction debt financing for its 400MW/1.6GWh Green River Energy Center project in Utah.
-
Copec and Transelec have signed an agreement to partner on the implementation of a battery energy storage system in Chile.
-
The Superintendency for the Development of the Northeast (Sudene) has provided financing for 4 renewables projects in Brazil.
-
For more than 7 months the government of Alberta paused the approval of new renewable energy projects causing a multi-gigawatt logjam with upwards of $25 billion of investment sat idle.
-
YPF Energía Eléctrica (YPF Luz) is planning to develop a solar project in Argentina, the company’s second project in the country.
-
The Department of Energy has awarded $1.7 billion in grants to 11 electric vehicle manufacturing projects across the US.
-
Leeward Renewable Energy has closed a $1.25 billion construction warehouse facility to develop a 1GW portfolio of wind, solar and battery storage projects.
-
AES Andes is adding a 764MW solar-plus-storage project to its development pipeline in Chile.
-
Oil and gas company Acelen is partnering with investment manager Perfin Infra and Illian Energias Renováveis on a solar project in Brazil.
-
Renewables developer Helexia has raised R$240 million ($44m) in debentures for distributed solar generation in Brazil.
-
Catalyze has partnered with real estate firm Cushman & Wakefield to develop solar and storage projects across the firm’s network of C&I real estate in the US.
-
Onyx Renewable Partners has upsized its 3-year revolving credit facility, led by Investec, to $100 million to support its portfolio of solar projects across the US.
-
The Canada Growth Fund (CGF) will invest up to C$1 billion ($734m) toward the development of Strathcona Resources carbon capture and sequestration (CCS) infrastructure.
-
BP’s EV charging business has finalised a partnership with real estate investment trust Simon to develop 75 charging Gigahubs across the US.
-
The state of Bahia has signed a memorandum of understanding (MoU) with German company Si&Mex Solutions for the implementation of a $2 billion solar panel manufacturing facility in the state.
-
Clearway Energy Group has closed a $261 million project financing by a consortium of banks to repower its 160MW Cedro Hill wind farm in Texas.
-
Grenergy has reached financial close for the first 2 phases of its Oasis de Atacama solar-plus-storage project in Chile.
-
Aslan Energy Capital has signed a memorandum of understanding (MoU) for the acquisition of land in Mexico for the development of a mammoth ammonia project.
-
Microsoft has agreed to purchase 500,000 tons of carbon dioxide removal (CDR) credits from 1PointFive’s industrial-scale project in Texas.
-
The Department of Energy has provided ENTEK Lithium Separators with a $1.2 billion conditional commitment loan for its EV battery factory in Terra Haute, Indiana.
-
Entropy, a carbon capture and sequestration (CCS) developer subsidiary of Advantage Energy, has reached Final Investment Decision for its Glacier Phase 2 project.
-
RNG producer Waga Energy has closed a €100 million (US$108 million) corporate syndicated loan with a group of banks to fund its landfill waste-to-energy projects in the US.
-
Chile’s Ministry of National Assets has awarded public lands to 6 battery energy storage system projects totalling more than 11GWh of capacity.
-
Ontario-based renewables developer Compass Greenfield Development has closed a CA$49.5 million ($36.29 million) non-recourse project financing for battery storage projects from Selkirk Advisory Group.
-
Korean EV battery manufacturer SK On has signed a joint development agreement (JDA) with Sakuu, a Silicon Valley-based utility-scale battery provider.
-
Power generation company Celepsa has landed a $100 million sustainability-linked loan to support the development of renewable energy in Peru.
-
South African developer Phelan Green Energy is planning to develop a $2.3 billion green hydrogen project in Peru.
-
The Department of Energy will offer up to $100 million to fund pilot-scale long-duration energy storage (LDES) projects using non-lithium technologies.
-
Lhyfe has signed a memorandum of understanding with Fives to develop green hydrogen to be used in industrial combustion processes.
-
Canadian Infrastructure Bank has finalised a C$283.5 million (US$208m) loan to two Alberta transmission companies to construct a new transmission line.
-
AES Andes is planning to develop a $635 million solar-plus-storage project in Chile.
-
Orizon is issuing green bonds to finance the Ure Barueri waste-to-energy project the company is developing in Brazil.
-
Neoenergia, through its subsidiary Neoenergia Coelba, has signed a commitment to invest R$1.2 billion ($211m) in distribution networks in Bahia.
-
The Bureau of Ocean Energy Management (BOEM) has given Atlantic Shores Offshore Wind a Record of Decision (RoD) for its 2 projects totalling 2.8GW off the coast of New Jersey. This approval marks the ninth offshore wind farm approved by the Biden-Harris administration.
-
The tax equity market was changed forever with the introduction of the Inflation Reduction Act (IRA). As the last of the guidelines for these renewables tax breaks – specifically transferability rules – are ironed out the market has already found innovative ways to take advantage of the new regime.
-
NextDecade has issued $1.115 billion in senior secured notes in a private placement to fund outstanding borrowings and commitments for its Rio Grande LNG facility.
-
-
The Bureau of Ocean Energy Management (BOEM) has announced the date of the first Central Atlantic offshore wind lease sale, which could total 6.3GW of generated capacity.
-
Eletrobras and pulp and paper manufacturer Suzano have signed a memorandum of understanding to develop green hydrogen and synthetic fuels initiatives in Brazil.
-
-
Great Bay Renewables, jointly controlled by Altius Renewable Royalties and Apollo-managed funds, has signed a $30 million royalty investment with solar developer Nokomis Energy.
-
Renewable developer Genneia raised $60 million in green bonds to support the development of renewable projects in Argentina.
-
Ethanol and sugar producer Copersucar has signed a memorandum of understanding with Geo bio gas&carbon for the production of sustainable aviation fuel in Brazil.
-
Canadian Solar subsidiary Recurrent Energy has inked a $103 million tax credit agreement with Bank of America for its 160MW North Fork Solar Project in Oklahoma.
-
Shell has reached the Final Investment Decision (FID) for its Polaris project, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada.
-
Ørsted’s 924MW Sunrise Wind project was given its final approval by the Bureau of Ocean Energy Management (BOEM).
-
Sumitomo Corporation of Americas has completed a tax equity investment in a portfolio of solar and battery storage projects owned by Pacifico Power.
-
Neoenergia has signed a memorandum of understanding (MoU) with the government of Ceará to develop offshore wind generation.
-
Solarity and Santander Chile have signed an additional financing line to support the developer’s deployment of distributed generation solar assets in Chile.
-
British Columbia-based Cedar LNG, a partnership between Pembina Pipeline and the Haisla Nation, has reached final investment decision.
-
Renewables developer Genneia is planning to issue green bonds for renewable projects in Argentina.
-
The National Energy Commission (CNE) has granted a permanent concession to an 83MW solar project in the Dominican Republic.
-
CenterPoint Energy subsidiary CenterPoint Energy Houston Electric (CPE Houston) has entered a $300 million term loan to cover damage from category 2 hurricane-like winds and tornadoes in Texas, PFR has learned.
-
Peruvian investment promotion agency ProInversión has awarded a trio of transmission projects totalling $329 million in investments.
-
Carbon capture start-up Heirloom Carbon Technologies is set to develop 2 direct air capture (DAC) facilities in Port of Caddo-Bossier, Louisiana.
-
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.
-
Peruvian investment promotion agency ProInversión is expected to award $329 million in investments to 3 transmission projects this month (June 2024).
-
Air Liquide has signed an agreement to support ExxonMobil's production of low-carbon hydrogen and ammonia at its Baytown, Texas, facility.
-
Canadian pipeline and energy company Enbridge has partnered with Six Nations Energy Development, an energy investment-focused consortium of 6 First Nations, to build a 200MW wind project in Weyburn, Saskatchewan.
-
Silicon Valley Bank has led the second financing, totalling $230 million, for Sol System's 300MW Eldorado solar project in Illinois, bringing the total financing to $480 million for the project.
-
Renewables developer RZK Energia landed financing from Banco do Nordeste (BNB) for distributed solar projects in Brazil.
-
Equinor, through its renewable platform Rio Energy, is planning to turn its 200MW Serra da Babilônia wind project into a hybrid complex by adding a solar plant on site.
-
State-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has signed a letter of interest for financing from the European Investment Bank (EIB).
-
Brazilian oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Rio de Janeiro for the development of offshore wind in the state.
-
Omnigen Energy has secured financing for the development of a portfolio of small-scale solar power plants in Brazil.
-
Recurrent Energy has secured $513 million in project financing for its 1,200MWh Papago Storage project located in Maricopa County, Arizona.
-
Hecate Grid, a joint venture between an InfraRed Capital Partners managed fund and Hecate Energy, has closed a 4-year $125 million Letter of Credit with MUFG.
-
Biocarbon producer Aymium has closed a $50 million financing with Fortress Investment Group and Kilonova Capital.
-
GoodLeap has closed a $311.6 million securitisation of residential solar loans originated on its platform.
-
energyRe has submitted proposals to the New York Independent System Operator (NYISO) to develop transmission systems bringing offshore wind power to New York City.
-
Centrais Elétricas de Santa Catarina (Celesc) has landed financing from Brazilian development bank BNDES.
-
Neoenergia is issuing R$1 billion ($185m) in debentures to finance transmission lines in Brazil.
-
Abraxas Power has selected McDermott as its EPC contractor for the Exploits Valley Renewable Energy Corporation (EVREC) project in Newfoundland and Labrador, which will be Canada's first commercial green hydrogen project.
-
Energy storage and RNG developer Captona has closed a preferred equity investment in a community solar and microgrid portfolio owned by Scale Microgrids.
-
Brazilian renewables developer Serena Energia (formerly Omega Energia) is issuing R$400 million (74m) in debentures.
-
Grupo Energía Bogotá, through its subsidiary Enlaza, has landed the greenlight to proceed with its Colectora transmission project in Colombia.
-
BP-owned Archaea Energy and Republic Services have partnered to develop 40 landfill gas-to-renewable natural gas plants, completing construction on their first RNG project.
-
Plus Power has closed a $133 million financing led by First Citizens Bank and NordLB for its 150MW/300MWh Cranberry Point Energy Storage project in Massachusetts.
-
NRG Energy has submitted 3 loan proposals to the Texas Energy Fund (TEF) for 1.6GW of natural gas-powered ERCOT projects.
-
EDF Renewables has issued debentures for the expansion of the Serra do Seridó wind complex in Brazil.
-
Chilean developer Orion Power is planning to develop a standalone battery energy storage system (BESS) in the region of Atacama.
-
Brazilian development bank BNDES has signed agreements with China Development Bank and the Asian Infrastructure Investment Bank (AIIB) to finance sustainable projects in Brazil.
-
YPF Luz, the power generation arm of YPF, is planning to issue up to $50 million in bonds in Argentina.
-
Renewable developer Genneia is planning to develop a pair of solar projects in the province of Mendoza.
-
The Canada Growth Fund (CGF) has teamed up with Gibson Energy and Varme Energy to develop Canada's first waste-to-energy facility with carbon capture technology.
-
DTE Energy is planning to convert a portion of its retired Trenton Channel coal power plant in Michigan to a 220MW/800MWh battery energy storage system.
-
China’s State Power Investment Corporation (SPIC) is planning to develop a 105MW wind complex in the state of Rio Grande do Norte in Brazil.
-
As the Lone Star State begins to face the climbing summer temperatures, intense weather events, specifically Winter Storm Uri, remain at the top of Texans' minds.
-
Entergy and NextEra Energy Resources have partnered to develop up to 4.5GW of solar and storage projects over the next 5 years.
-
State-owned Eletrobras has signed a memorandum of understanding (MoU) with Prumo Logística to support the development of green hydrogen in Brazil.
-
Nexus PMG has made an investment in renewable fuels company Saola Energy.
-
Entergy has submitted proposals for 2 natural gas power plants to the Public Utility Commission of Texas (TPUC) as the state pushes for new generation as energy demand intensifies.
-
Engie is planning to issue up to R$2 billion ($381m) in debentures to finance a wind complex the company is developing in Brazil.
-
Biocarbon producer Aymium has closed a $210 million financing from Copenhagen Infrastructure Partners and ECP ForeStar for its Williams production facility at a former California coal plant.
-
The Bureau of Ocean Energy Management (BOEM) has approved an Environmental Assessment (EA) for potential offshore wind development off the Delaware, Maryland, and Virginia coasts.
-
The Saudi Fund for Development (SFD) has signed an agreement with the government of El Salvador to finance a biogas power plant.
-
Sunrun, a provider of residential solar, storage and energy services, has priced a $886.3 million securitisation of leases and power purchase agreements, known as Sunrun’s solar-as-a-service offering.
-
Babcock & Wilcox (B&W) has signed an agreement with NorthStar Clean Energy to convert a former coal-fired power plant to a bioenergy with carbon capture and storage facility.
-
The $10 billion Texas Energy Fund (TEF) opened its loan program on 1 June with more than 65 applicants submitting proposals totalling 48GW.
-
Grupo Energisa has landed financing from the Brazilian development bank BNDES to support its distribution subsidiaries in Brazil.
-
Miami-based Atlas Renewable Energy is planning to develop a 304MW wind project in Chile.
-
Atlas Renewable Energy has requested a $55 million loan from IDB Invest for its Shangri-La solar project in Colombia.
-
Alupar Investimento has landed a pair of transmission projects in an auction held in March by Chile’s National Electrical Coordinator (CEN).
-
SIBA Energy Corporation has landed long-term financing for a combined-cycle gas fired power plant in the Dominican Republic.
-
Sol Systems has secured an $85 million investment from Macquarie Asset Management to support of the construction and operation of 5 utility-scale solar projects located in Illinois and Ohio.
-
SunPower has drawn $50 million from a loan made by its majority shareholder Sol Holding, which is owned jointly by TotalEnergies and Global Infrastructure Partners (GIP).
-
Chilean utility Colbún is planning a $1.4 billion energy storage asset in the region of Antofagasta.
-
Oil and gas company Petroquímica Comodoro Rivadavia (PCR) is adding a solar project to its San Luis Norte wind farm in Argentina.
-
DLL, the Rabobank-owned asset finance company for equipment and technology, has partnered with Sunstone Credit to provide a loan platform for solar and battery storage assets.
-
The New Mexico Public Regulation Commission (NMPRC) has approved PNM Resource's application to integrate 410MW of new solar and energy storage by 2026.
-
Vistra will add 2GW of dispatchable, natural gas-fuelled power capacity throughout west, central, and north Texas.
-
Neoenergia is issuing R$1.1 billion ($211m) in debentures to finance transmission lines won in a 2022 auction in Brazil.
-
Chile’s Ministry of Energy and Mines has signed a Memorandum of Understanding (MoU) with the Republic of Korea’s Energy Agency to cooperate on renewable energy.
-
Spanish group Uriel Inversiones has received the regulatory greenlight for its Quinquimo solar project in Chile.
-
ArcLight Capital Partners and battery storage developer Elevate Renewables are set to develop a 15MW/60MWh distributed generation-sized battery storage project in Staten Island, New York.
-
Quidnet Energy has formed a 300MW Texas energy storage project partnership with Hunt Energy Network (HEN).
-
The Canada Infrastructure Bank (CIB) will loan HTEC C$337 million ($247m) to accelerate hydrogen production and refuelling infrastructure in British Columbia and Alberta.
-
The Bureau of Ocean Energy Management (BOEM) has released the Final Environmental Assessment for the floating offshore wind research project in the Gulf of Maine.
-
Madrid-based Fotowatio Renewable Ventures (FRV) is planning to develop a standalone battery energy storage system (BESS) project in Chile.
-
Brazilian sugar, ethanol and renewable power producer Grupo Zilor has requested financing from the International Finance Corporation (IFC) for the expansion of 1 of its plants.
-
Clean hydrogen projects across the US are generating enormous interest but many struggle to reach bankability as many risks, such as technology, supply chain, regulation and offtake, are halting progress.
-
The Bureau of Ocean Energy Management (BOEM) has released the final Environmental Impact Statement (EIS) for Atlantic Shores Offshore Wind Project 1 and 2 in New Jersey.
-
MPC Energy Solutions (MPCES) has reached financial close on a solar project the firm is developing in Guatemala.
-
Pine Gate Renewables has finalised an agreement to provide Meta with the renewable attributes from a 200MW solar project in Texas.
-
Neoenergia is planning to invest more than R$2.1 billion ($407m) into transmission works between 2024 and 2027 in Brazil.
-
Ørsted has received a $680 million tax equity financing from JP Morgan for 550MW in solar and solar-plus-storage projects in Texas and Arizona.
-
Conduit Power and Riley Exploration Permian are expanding their joint venture, RPC Power, to develop power generation and storage assets for ERCOT, the Texas grid operator.
-
Renewable energy provider Pivot Energy has partnered American EV maker Rivian on 60MWdc solar energy projects.
-
QCells' residential solar financing platform EnFin has completed its first asset-backed securities (ABS) transaction totaling $252.86 million.
-
Innergex Renewable Energy has started commercial operations of its San Andrés battery energy storage project in Chile.
-
Soluna Holdings, a green data centre developer, has closed a $30 million financing from Spring Lane Capital (SLC) for its 50MW Project Dorothy 2, which is co-located with a 150MW wind farm, in Texas.
-
Madrid-based Fotowatio Renewable Ventures (FRV) is planning to develop a 522MW solar project in Chile.
-
Scale Microgrids and EO Charging have formed a non-exclusive partnership to develop EV fleets, associated charging infrastructure, and on-site microgrid energy systems across high-grid capacity regions in the US.
-
LevelTen Energy has launched a tax credit transfer platform, facilitating the sale of various tax Inflation Reduction Act (IRA) tax credits between clean energy developers and corporations.
-
Spain’s Acciona Energía is partnering with Dominican conglomerate Grupo País on a solar project in the Dominican Republic.
-
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.
-
Solar developer Delta Energia has raised R$250 million ($49m) in a CRI issuance to support the development of distributed generation solar assets in Brazil.
-
Origis Energy has secured a $300 million corporate financing facility from KKR to support solar and storage development.
-
Spanish developer ID Energy Group is planning to develop a portfolio of small solar projects in Chile.
-
Captona has invested around $150 million into a joint venture with UBS Asset Management Real Estate & Private Markets for 4 battery energy storage (BESS) projects in Texas totalling 728MW/1GWh, PFR has learned.
-
Electric infrastructure provider Zeem is set to develop a long-range trucking depot with 84 fast charging stations at the Port of Long Beach, California.
-
Correlate Energy and Energetic Capital have launched a partnership to develop distributed energy resources for underserved communities.
-
Schneider Electric has purchased 45X Advanced Manufacturing Production tax credits from solar module manufacturer Silfab Solar through tax credit transfer platform Crux.
-
Madison Gas and Electric (MGE) has submitted a proposal for the Sunnyside Solar Energy System solar-plus-storage project with the Public Service Commission of Wisconsin (PSCW).
-
Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the second transmission auction to be held this year (2024).
-
NextDecade's $18.4 billion Rio Grande LNG project phase 2 is under threat due to funding limitations ahead of a planned Final Investment Decision (FID) in H2 2024.
-
Catalyze has secured $100 million in financing from NY Green Bank for its 79MW portfolio of community distributed generation (DG) solar projects across New York.
-
Plug Power has received a $1.66 billion conditional commitment loan from the Department of Energy (DOE) to construct up to 6 clean hydrogen facilities across the US.
-
Biofuels business Clean Energy Fuels and dairy digester developer Maas Energy Works have entered a joint development agreement to build 9 renewable natural gas (RNG) production facilities at dairy farm sites.
-
Apex Clean Energy has closed a $150 million financing with First Citizens Bank for 2 battery storage projects in Texas.
-
State-owned Eletrobras has signed a pair of memoranda of understanding (MoU) to support the development of green hydrogen in Brazil.
-
Engie has requested permission to cease operations of its remaining coal-fired power plants in Chile.
-
Nuclear fission company Oklo has signed a memorandum of understanding (MoU) with Atomic Alchemy to produce isotopes, necessary for creating and recycling fast reactors.
-
BOCA, a joint venture between BrightNight and Cordelio Power, has closed a $414 million project financing for its 300MW/600MW Box Canyon solar-plus-storage project led by Zions Bancorporation.
-
The National Energy Commission (CNE) has granted a permanent concession to phase 2 of the Montecristi solar project in the Dominican Republic.
-
State-owned utility ENEE (Empresa Nacional de Energía Eléctrica) has launched an international auction for the construction of a $132.5 million transmission project in Honduras.
-
Texas-based CapturePoint and Energy Transfer have signed a letter of intent (LOI) to jointly develop a carbon capture and permanent deep underground storage project in Louisiana.
-
Nautilus Solar Energy and TurningPoint Energy (TPE) have partnered on a 29.3MW portfolio of community solar projects in Illinois.
-
Renewable developer AXS Energia has landed financing for a portfolio of solar DG assets in Brazil from Corporación Interamericana para el Financiamiento de Infraestructura (Cifi).
-
Mexico’s Comisión Federal de Electricidad (CFE) has secured a €150 million ($161m) line of credit for the implementation of a floating solar project.
-
Renewable developers EDF Renewables Development, Naturgy, Candela, and Longroad Energy are seeking regulatory approval for more than 3GW of solar in Nevada’s Esmeralda County.
-
Tax credit transfer fintech company Crux Climate has facilitated the sale of $3.5 million in investment tax credits (ITCs) with enXchange to an undisclosed third party in Oklahoma.
-
Renewable developer Recurrent Energy is planning to develop a 250MW solar project in Chile.
-
State-owned oil and gas giant Petrobras has signed a memorandum of intent (MoI) with power generation company Karpowership to partner in the natural gas and power sectors.
-
Eaton has partnered with Endurant Energy to develop 10 battery storage projects in New York City, totalling 150MWh and an estimated $7 million investment.
-
Brazil is already the leader in the energy transition. The country’s power matrix stands out in its composition with close to 90% coming from renewable sources including hydroelectricity. Yet, growth opportunities remain vast in the renewable sector and beyond. According to the Brazilian Association of Infrastructure and Base Industries (ABDIB), Brazil is looking to bridge a $50 billion a year gap in infrastructure investments.
-
Renewables developer Auren Energia has raised R$400 million ($79m) to refinance assets in Brazil.
-
Santiago-based renewable developer Biwo Renovables is adding a duo of standalone battery energy storage system (BESS) projects to its development pipeline in Chile.
-
Renewable developer Grupo Río Alto Energias Renováveis has requested financing from the Northeast Development Fund (FDNE) for a solar complex in Brazil.
-
Brookfield portfolio company Scout Clean Energy has closed a $100 million equipment supply loan with Rabobank for its pipeline 2.2GW of late stage of wind, solar, and energy storage projects.
-
The Department of Energy (DOE) has opened the application process for the first round of CO2 transportation infrastructure awards, which totals $200 million.
-
Brazilian developer 2W Ecobank has reached financial close on phase 2 of its Kairos wind project located in the state of Ceará.
-
Alberta, Canada-based Capital Power has cancelled its $2.4 billion Genesee carbon capture and storage (CCS) project after determining the project was not financially viable.
-
AES Brasil has raised R$900 million ($176m) in debentures for projects belonging to the company’s Cajuína wind complex.
-
Captona and UBS Asset Management Real Estate & Private Markets have finalised a joint venture investment in 4 battery energy storage (BESS) projects in Texas totalling 728MW/1GWh.
-
The Bureau of Ocean Energy Management (BOEM) has released 2 proposed sales for 18GW of offshore wind energy areas off the coast of Oregon and the Gulf of Maine.
-
Norwegian power company Statkraft will invest R$926 million ($178m) to transform 2 wind projects into hybrid complexes.
-
Plus Power has closed a $82 million tax equity investment with Morgan Stanley for its 90MW/360MWh Superstition Energy Storage project in Arizona.
-
Eletrobras has signed a memorandum of understanding (MoU) with the state of Maranhão for the development of green hydrogen.
-
Brookfield Asset Management – alongside Brookfield Renewable – and Microsoft have signed a global renewable energy framework agreement to meet the technology company’s sustainability goals.
-
The National Energy Commission (CNE) has granted a permanent concession to Santa Clara Energy Group for a solar project in the Dominican Republic.
-
energyRE has landed a $240 million financing package for its 108MW/198MWh Lone Star Solar-Plus-Storage project in South Carolina.
-
Petrobras has signed a memorandum of understanding (MoU) with the government of the state of Rio Grande do Norte in Brazil for offshore wind generation.
-
FuelCell Energy has closed a $13 million debt financing with Liberty Bank and Connecticut Green Bank for 2 operating community fuel cell projects in Connecticut.
-
Construction and development firm Skanska has been awarded an $861 million contract to develop an offshore wind port at the South Brooklyn Marine Terminal (SBMT).
-
Santiago-based developer Sagittar SpA is planning a 150MW solar project in Chile.
-
Banco Votorantim (Banco BV) has requested a loan from the International Finance Corporation (IFC) to support on-lending for solar distributed generation in Brazil.
-
Enel Brasil is planning to invest R$18 billion ($3.5 billion) for the period 2024-2026 in order to better its services in the country.
-
The US Department of Transportation has awarded $148 million in grants to 16 EV and renewable natural gas (RNG) projects to help reduce air pollution at ports across the US and Puerto Rico.
-
YPF Energía Eléctrica (YPF Luz) is planning to develop the company’s fifth wind project in Argentina.
-
Santiago-based Plus Energia SpA is planning to develop a $350 million battery energy storage system project in Chile.
-
Agilitas Energy has closed $100 million in debt financing from Nomura to grow its 250MW portfolio of solar and energy projects in the northeast US.
-
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.
-
Solar developer Usinas Brasil Solar (BRS) and investment firm Grupo 4M are partnering on a portfolio of distributed solar assets.
-
Naturgy’s subsidiary Global Power Generation (GPG) is planning a solar project in the region of Atacama in Chile.
-
Renewable developer Hecate Energy has secured a siting agreement and conditional use permit for its 150MW solar project from Cumberland County, Virginia.
-
State-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has awarded 5 solar projects in Costa Rica.
-
Renewables infrastructure firm True Green Capital Management has partnered with Qcells to install up to 450MW of solar projects across the US.
-
Norwegian energy company Statkraft has received approval to move ahead and start construction of its Parina solar project in Chile.
-
The New York State Energy Research and Development Authority (NYSERDA) plans to deploy $500 million in investment commitments to establish an offshore wind supply chain in New York State.
-
Brazil's state-owned oil and gas giant Petrobras is adding solar projects to 3 of the company’s refineries.
-
The Department of Energy (DOE) has awarded $1.93 billion in qualifying advanced energy project tax credit allocations – known as 48C tax credits – to 35 projects focused on renewable manufacturing and greenhouse gas emission reduction.
-
Avalon International has agreed to build carbon capture facilities at green hydrogen company Big Hill Materials' planned US production sites.
-
Brazilian conglomerate Brasal is issuing R$170 million ($33 million) in debentures for a hydroelectric project in Brazil.
-
Avalon International has agreed to build carbon capture facilities at green hydrogen company Big Hill Materials' planned US production sites.
-
US-based firm Bernhard has entered a 30-year energy-as-a-service (EaaS) partnership with Hackensack Meridian Health (HMH), resulting in a $134 million solar energy and battery storage system.
-
H2 GreenMining is partnering with Ohmium International on the development of green hydrogen to decarbonise the mining sector in Chile.
-
Clearway Energy Group has closed a $174 million project financing and finalised a power purchase agreement (PPA) for its Dan's Mountain wind farm in Western Maryland.
-
New England states have jointly-submitted applications to compete in the second round of the Department of Energy (DOE)’s Grid Innovation Program (GIP) which has $1.82 billion to award.
-
Calibrant Energy has partnered with Ava Community Energy to deploy 75 public EV charging stations across 6 cities in Northern California.
-
Italian sponsor Limes Renewable Energy is adding to its development pipeline in Chile with a solar-plus-storage project.
-
Spanish developer Ecoener secured green financing for a solar project the company is developing in Guatemala.
-
Atlas SP Partners has backed Energy-as-a-Service company Redaptive with a $225 million warehouse financing facility.
-
Infinigen Renewables is partnering with FlexGen on a battery storage project in the Yabucoa municipality in Puerto Rico.
-
Peru’s ProInversión has prequalified 5 bidders in an upcoming auction that will see the agency award 3 transmission projects.
-
Octopus Energy has signed an agreement with Brazilian utility Grupo Energisa to support renewable generation development in the country.
-
IDB Invest and the US International Development Finance Corporation (DFC) are partnering to finance projects across renewables and infrastructure sectors in Latin America.
-
Brazilian power generator Eneva will issue R$2.5 billion ($475 million) in debentures to refinance assets.
-
Origis Energy has closed a $136 million construction financing facility and a conversion-to-term loan from MUFG for its 75MW Rice Creek Solar project in Florida.
-
SolaREIT has closed $13 million in real estate financings for several NineDot Energy battery energy storage (BESS) projects in New York City.
-
Santiago-based renewable developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.
-
US-based Recurrent Energy has secured R$343 million ($70 million) in non-recourse project financing for a solar project in Brazil.
-
Commercial solar and clean energy development platform Sunrock Distributed Generation (DG) has entered a tax equity partnership with US student and consumer loan financier Nelnet.
-
Engie Chile, a subsidiary of the French electric utility Engie, will install a standalone battery energy storage system (BESS) to replace the disconnected coal-fired and fuel oil-based units at the Tocopilla thermal power plant complex (CTT) in Antofagasta.
-
Renewable energy infrastructure investor Excelsior Energy Capital has signed a long-term agreement with solar manufacturer Heliene to acquire 2GW of PV modules.
-
The US offshore wind sector continues to gain momentum with the latest round of regulatory approvals as financiers begin to prep the paperwork to fund these mega projects.
-
Peru’s Ministry of Energy and Mines (MINEM) is readying 26 renewable energy projects to be built in the coming years.
-
Denmark's Investment Fund for Developing Countries (IFU) is providing an additional €7 million ($7.6m) to the 94MW Ouro Branco and Quatro Ventos wind complex in Brazil, due to an expansion of the project and unexpected delays.
-
The state of Ceará has signed a pre-contract with Voltalia do Brasil, a subsidiary of the French renewable power producer Voltalia, to implement a project to produce green hydrogen and ammonia at the state's Pecém industrial and port complex.
-
Arevon Energy has closed a $352 million credit facility with a consortium of banks led by the Canadian Imperial Bank of Commerce (CIBC) for its 228MW Posey Solar Project in Indiana.
-
Brazil's Superintendency for the Development of the Northeast (Sudene) has approved a R$26.6 million ($5.3m) loan for the 212MWp Milagres solar project, developed by Lightsource BP.
-
ExxonMobil and FuelCell Energy will extend their carbon capture research joint development agreement (JDA), PFR has learned.
-
Lader Energy's Puertos de Santander solar park has obtained an environmental permit from Colombia's national authority of environmental licences (ANLA).
-
Eco Wave Power, a Stockholm, Sweden-based onshore wave energy technology company, has secured Shell as a co-investor for its Port of Los Angeles pilot wave energy project.
-
Utility-scale energy storage developer esVolta has secured a $185 million senior secured credit facility from a consortium of banks led by Nomura Securities International.
-
The Department of Energy (DOE), the US Treasury Department, and the IRS have awarded $4 billion in tax credits to 100 projects across clean manufacturing, critical materials, and industrial decarbonisation.
-
Alternus Clean Energy, a utility-scale independent power producer, has entered a joint venture partnership with Acadia Energy to develop 200MW of microgrid projects in New York State.
-
The Department of Energy (DOE), Treasury Department, and IRS have jointly awarded an $18.3 million transferable tax credit to electrolyser producer Electric Hydrogen (EH2) for its manufacturing plant in Devens, Massachusetts.
-
Carlyle-backed Copia Power has closed a $300 million corporate credit facility to support its 15GW solar and storage pipeline.
-
Spanish infrastructure builder and operator Elecnor won approval to build a 284MW wind farm and associated infrastructure in the Chilean region of Los Lagos.
-
Chinese multinational State Grid (SGCC) plans to invest R$200 billion ($39.4bn) in the Brazilian electricity sector following its victory in Brazil's largest power transmission auction.
-
Granite Shore Power has announced the retirement of its 439MW Merrimack coal plant in 2028, marking the end of the last operating coal plant in New England.
-
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.
-
The Bureau of Ocean Energy Management (BOEM) has given a Record of Decision (ROD) to Avangrid for its New England Wind lease area, the penultimate permit approval needed to construct its 2.6GW offshore wind projects.
-
French renewables company GreenYellow has secured financing of 172 billion pesos ($44.7m) with Banco de Bogotá for its 85MWp solar power generation portfolio in Colombia.
-
Carbon removal credit platform Deep Sky and hybrid direct air capture (HDAC) company Avnos have partnered to incorporate their technologies at Deep Sky's lab in Canada.
-
Mitsubishi Power Americas-owned battery business Prevalon Energy has agreed to develop a 328MWh battery energy storage system (BESS) signed to a long-term service agreement with Idaho Power.
-
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.
-
Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the first transmission auction of the year.
-
Brazilian developer 2W Ecobank has secured long-term financing for the second phase of its Kairós wind complex located in the state of Ceará.
-
Vision RNG is to develop, build, own, and operate 3 landfill gas (LFG) to renewable natural gas (RNG) facilities at privately-owned landfills located in Alabama and Tennessee.
-
Ørsted, Avangrid, and Vineyard Offshore among bidders of the 6GW to Massachusetts, Connecticut, and Rhode Island for the states' combined New England auction.
-
The Department of Energy's (DOE) Loan Programs Office (LPO) has awarded energy equipment supplier Holtec $1.52 billion to restore its 800MW Palisades nuclear-generating station in Michigan.
-
Neoenergia has signed a memorandum of understanding (MoU) with the government of Rio de Janeiro to support the development of offshore wind projects.
-
The Bureau of Ocean Energy Management (BOEM) has approved Ørsted's 924MW Sunrise Wind project off the coast of New York, making it the seventh utility-scale offshore wind project approved under the Biden-Harris administration.
-
Walmart has made a tax equity investment in a Pivot Energy community solar project portfolio, reaching its goal of supporting 1GW of renewable capacity across the US.
-
The National Energy Commission (CNE) has granted a permanent concession to Empresa Generadora de Electricidad Haina for a solar project in the Dominican Republic.
-
Elawan Energy landed financing from the Northeast Development Fund (FDNE) for a wind project the company is developing in Brazil.
-
Renewable developer EBCO Energia is planning to develop a $160 million project in Chile.
-
The Department of Energy (DOE) has awarded $6 billion to 33 projects that aim to decarbonise some of the largest industrial sectors and communities in the US.
-
The European Investment Bank (EIB) has signed a $125 million loan to support transmission development in Ecuador.
-
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.
-
The Department of Energy (DOE) has awarded $475 million in funding for 5 projects that feature renewable development on former mining lands. The projects are located across Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia.
-
Doral Renewables has closed a $144 million project financing with HSBC for its Great Bend Solar project in Meigs County, Ohio.
-
Invenergy has closed $1.27 billion in construction financing with Natixis Corporate & Investment Banking (CIB) on 4 renewables projects in Kansas and Texas, totalling 677MW.
-
Green hydrogen promises to be a game changer in global energy transition with the possibility it presents in decarbonising industries. Latin America has positioned itself as a frontrunner in the emerging space with mega projects being lined up by developers across the continent.
-
Spanish developer Solarpack has landed a $176.6 million senior financing package for the company’s San Martín solar plant in Peru.
-
Chilean developer Viento Verde is planning to expand an existing wind project that was approved in 2015.
-
The Lancaster, California city planning commission has approved Element Resources' renewable hydrogen and solar facility, taking the next step in the partnership after signing a Memorandum of Understanding (MoU) with the developer in 2023.
-
State-owned oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Mistui & Co to explore low-carbon solutions in Brazil.
-
EverWind Fuels has signed a green hydrogen memorandum of understanding (MoU) with Nova Scotia-based energy distribution company Eastward Energy.
-
The Bureau of Ocean Energy Management (BOEM) has proposed a second offshore wind lease sale for the Gulf of Mexico. The sale includes 4 sites off Louisiana and Texas which have the potential to power up to 1.2 million homes.
-
IDB Invest has issued 2 sustainable bonds in local currency to support renewable energy and infrastructure projects in Latin America.
-
The US Department of Energy's Loan Programs Office (LPO) and UK Export Finance (UKEF) have signed a memorandum of understanding (MoU) for cooperation on joint financing for energy and green infrastructure projects.
-
Santiago-based renewable developer Biwo Renovables is planning a standalone battery energy storage system (BESS) project in Chile.
-
Fiera Infrastructure Private Debt has joined Nomura Securities in a $200 million financing for Spanish developer Greenalia's 3GW wind and solar project pipeline in the US.
-
Sunrise Mountain Partners and CleanCapital, a C&I and distributed generation (DG) solar owner and operator, have extended their co-development partnership.
-
Babcock & Wilcox's (B&W) thermal subsidiary has signed a $246 million agreement to complete a 1GW coal-to-natural gas conversion project.
-
The energy transition encompasses an array of technologies that will need to be developed and scaled. This includes carbon capture and sequestration (CCS), green hydrogen and its derivatives, SAF, and more. Getting projects to bankability in Latin America has been a challenge however as offtake demand is just to appear at a scale for developers to land the the capital needed to deploy their technologies, according to panelists at IJLatam 2024 in Miami.
-
ExxonMobil and FuelCell Energy are renegotiating their carbon capture joint development agreement (JDA) as it nears termination, PFR has learned.
-
Schneider Electric plans to invest $140 million into 2 Tennessee-based power distribution technologies manufacturing plants.
-
The Bureau of Ocean Energy Management (BOEM) has finalised a Wind Energy Area (WEA) in the Gulf of Maine, which has a potential 32GW capacity.
-
French energy company Engie has received the approval to move ahead and start construction of its Pemuco wind project in Chile.
-
Power producer SCC Power has completed the expansion and conversion to combined cycle of the San Pedro power plant in Buenos Aires province.
-
Sempra Infrastructure has reached a final investment decision (FID) for the $550 million Cimarron wind project the company is developing in Baja California, Mexico.
-
Ørsted's 132MW South Fork Wind is the first utility-scale offshore wind project to become fully operational in the US. The achievement comes after nearly a decade of industry struggles since the first large-scale transmission farm, Cape Wind, failed in 2015.
-
The Department of Energy's (DOE) Loan Programs Office (LPO) has signed a conditional loan of $72.8 million with the Tribal lands of the Viejas Band of the Kumeyaay Indians to develop a solar-plus-storage energy microgrid in Alpine, California.
-
The Department of Energy (DOE) has awarded $750 million for 52 green hydrogen projects across manufacturing, electrolysis technology, recycling, and more. Together, the projects are expected to produce 24GW of hydrogen in different forms.
-
Inter-American Development Bank's (IDB) has made a $400 million dollar loan for the development of the green hydrogen and derivative projects in Chile.
-
Eletrobras and engineering and industrial manufacturing group Paul Wurth have signed a memorandum of understanding (MoU) to develop green hydrogen in Brazil.
-
CarbonCapture, a direct air capture (DAC) company, has secured $80 million in Series A financing, led by Prime Movers Lab, an investor in scientific-based startups.
-
Financing greenfield projects across Latin America had been tough over the past few years as inflation and high interest rates continued challenge the region’s renewable energy sector.
-
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.
-
Longroad Energy has closed a debt facility with a consortium of banks led by CIBC and a tax equity loan from Athene Annuity and Life Insurance Company for its 444MW/855MWh Serrano solar project in Arizona. PFR understands the value of the financing to be $650 million.
-
Delays on the development and licensing of transmission projects across Latin America is driving away investor interest, panelists at IJLatam 2024 in Miami said.
-
The Dominican Republic municipal organisation Grupo Puntacana and Caribbean-based developer Eurelius have signed an agreement to develop a large-scale solar project in Punta Cana, which will provide power for at least 50% of the city.
-
Utility-scale solar and storage developer Primergy Solar has closed $588 million in debt financing from a consortium of banks for its 408MW/300WWh Ash Creek Solar and storage project in Hill County, Texas.
-
Solar developer Sol Systems has secured $250 million in project financing for its 300MW Eldorado Project from a consortium of banks led by Silicon Valley Bank.
-
Already one of the cleanest energy mixes in the world, Latin American policy makers continue to push for ambitious net-zero targets. Renewables already generate 60% of the region’s electricity, twice the global average, with no shortage of sponsors looking to take advantage of some of the globe’s best renewables resources.
-
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.
-
Battery developer GridStor has closed a tax credit transfer sale with JP Morgan for its 60MW/160MWh Goleta Project, which consists of 44 battery energy storage systems in Santa Barbara, California.
-
Renewables developer Genneia is planning to issue green bonds for a duo of solar and wind projects in Argentina.
-
Peruvian investment promotion agency ProInversión has called a tender for 3 transmission projects valued at a total of $100.8 million.
-
Canadian power company TransAlta has signed 10-year tax credit transfer agreements for 2 Oklahoma-based wind projects totalling 500MW.
-
Altius Renewable Royalties’ (ARR) jointly-owned subsidiary, Great Bay Renewables has entered into a $30 million royalty investment with Apex Clean Energy.
-
Chevron New Energies is set to develop a 5MW hydrogen production and solar project on its existing oil field in California's Central Valley.
-
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.
-
Engie North America has signed 3 tax equity financing agreements totalling $1 billion with JP Morgan, Goldman Sachs, and BNP Paribas. The financing covers 6 renewable energy projects, including 950MW of solar and 353MW of wind.
-
The largest clean energy infrastructure project in US history was closed just before we started the new year. Pattern Energy inked $11 billion in financing for its 500+ mile transmission line connecting more than 3.5GW of stranded wind resources – SunZia.
-
Renewables developer Helexia – a subsidiary of France’s Voltalia – is closing a short-term financing for 27 distributed generation solar plants in Brazil on Thursday (29 February 2024).
-
Renewables developer Recurrent Energy has closed a $51 million non-recourse financing for a solar project the company owns in Mexico.
-
The Department of Energy (DOE) has conditionally awarded $366 million to 17 projects that aim to improve the transmission and electrical distribution of power in rural and remote areas across the US.
-
Chilean sponsor MAE Energy is planning to develop a $2.5 billion green hydrogen and ammonia production plant in Chile.
-
TPG-backed Matrix Renewables has inked $283 million in project financing and production tax credit (PTC) transfers for its 200MW solar project in Idaho.
-
Residential solar company SunPower has secured over $300 million in project financing commitments from Apollo, Atlas SP Partners, and Hannon Armstrong Sustainable Infrastructure Capital (HASI).
-
Lightsource BP has secured $348 million in project financing for 2 Texas solar projects from a consortium of banks.
-
Arevon Energy has secured more than $1 billion in financing commitments for its Eland 2 solar-plus-storage project in Kern County, California.
-
The power generation arm of YPF, YPF Luz, is planning to issue up to $60 million in bonds in Argentina.
-
Strata Clean Energy has secured $559 million for its 255MW/1,020MWh Scatter Wash energy storage project in Arizona.
-
PLT Energy US, a subsidiary of Italian renewable and energy storage group PLT Energia (PLT), has entered into a joint venture (JV) with Glacier Global Partners’ subsidiary GGS Energy.
-
Renewable developer Verano Energy is planning to develop a 140MW solar project in Chile.
-
Schneider Electric has committed to invest around $80 million in a portfolio of 4 Texas-based clean energy projects through a tax credit transfer agreement with Engie North America.
-
Radial Power has inked $225 million in its first debt financing from Atlas SP Partners to grow its distributed generation, commercial & industrial, and community solar project pipeline.
-
When the tax equity market was transformed in 2023 with transferability, it was not only the tax equity market and energy players that were excited about the new credit capabilities. The guidelines released in June 2023 opened the market to any other investors with tax appetites, and tax transfer platforms hope to streamline the process for new investors.
-
Against challenging clean energy targets the US offshore wind energy continues to forge ahead. Since the start of the Biden-Harris administration, the Department of the Interior has approved the nation's first 6 commercial-scale offshore wind energy projects.
-
Brazil’s National Electric Energy Agency (Aneel) is preparing its second transmission auction to be held this year (2024).
-
A subsidiary of the Spain-based renewables developer Greenalia has closed $200 million in 3-year credit facilities to support its US solar and wind project pipeline.
-
US startup Sage Geosystems has raised $17 million in its Series A round, which will fund the construction of a 3MW commercial geopressured geothermal system (GGS) facility in Texas.
-
Renewables developer Verano Energy is planning to develop a $380 million solar project in Chile.
-
Brazilian developer Faro Energy has raised R$320 million ($64.4 million) in bonds for distributed solar generation projects in Brazil.
-
Plus Power has closed $98 million in tax equity investment from Greenprint Capital Management for its 200MW/400MWh Ebony Energy Storage facility in Comal County, Texas.
-
MPC Energy Solutions (MPCES) is set to reach financial close (FC) on a solar project the firm is developing in Guatemala in early March.
-
The US Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) will deploy an additional $100 million to aid industrial carbon dioxide removal.
-
The Bureau of Ocean Energy Management (BOEM) has designated 2 final Wind Energy Areas (WEAs) offshore Oregon as it moves closer to a lease sale.
-
The Department of Energy (DOE) has picked 3 projects that will receive up to $60 million to demonstrate the scalability of enhanced geothermal systems.
-
ISA CTEEP has committed to invest a total of R$5 billion ($1 billion) in Brazilian transmission by 2029.
-
Diversified clean energy company, CleanCapital, and investment-grade battery energy storage systems developer, Available Power, have entered a joint venture to build a pipeline of US-based distributed energy storage projects.
-
Verde Clean Fuels and a Diamondback Energy subsidiary have signed a joint development agreement for a facility to produce commodity-grade gasoline using natural gas feedstock supplied from Diamondback’s operations in the Permian Basin.
-
Italy’s Enel Green Power has started commercial operations of its La Loma solar project in Colombia.
-
Arevon Energy, the renewable energy developer, owner, and operator, has reached financial close for the 200MW/800MWh Condor Energy Storage Project.
-
Spanish developer Solarig is planning a $45 million solar-plus-storage asset in the region of Valparaíso, Chile.
-
Sandow Lakes Energy Company is preparing to construct a 1.2GW natural gas-fueled power plant in Texas.
-
To bolster California's offshore wind industry state legislators proposed a $1 billion bond act to help pay for the expansion of ports.
-
Foss & Company has penned a $118.5 million tax equity investment in the Longbow BESS project, a battery energy storage system (BESS) located in Brazoria County, TX.
-
Exus Management Partners and Glencore are teaming up to develop renewable projects through their joint venture GenuX in Mexico and Colombia.
-
IDB Invest will provide UK-based Atome Energy with a $125 million loan to develop a green hydrogen project in Villeta, Paraguay.
-
Toyota Boshoku America (TBA) has signed a 12-year renewable energy certificate (REC) agreement with Clearway Energy Group for part of its 452MW Texas Nova solar farm.
-
Sumitomo Corporation of America has partnered with renewable fuels technology company Strategic Biofuels to develop a sustainable aviation fuel (SAF) facility in Louisiana. Sumitomo is set to pool together a consortium of banks and lead the financing of the project in the near future.
-
Spanish construction group Grupo ACS, through its subsidiary Dragados, has landed financing for 3 transmission lines in Peru.
-
Jamaica Public Service Company (JPS) has landed a $100 million financing package from development finance institution IDB Invest.
-
The Department of Energy (DOE) has opened a request for proposals (RFP) for the second round of its utility-scale transmission upgrade program, with $1.2 billion available to fund projects.
-
Renewable energy technology company Heliogen has entered the renewables market in Mexico with the development of a concentrating solar power (CSP) project to be sited in Sonora.
-
Canadian Solar subsidiary Recurrent Energy has closed a $160 million project financing for its 127MW Bayou Galion Solar Project in Louisianna.
-
Pivot Energy and Radiance Solar are teaming up on a portfolio of 5 community solar projects in Illinois, with a combined capacity of 19MW.
-
Towards the end of 2023 SoftBank and Ares Management-backed SB Energy Global stole a march on renewable developers across the US when it secured $2.4 billion in financing for solar projects that became the first to qualify for the federal domestic content tax credit bonus.
-
The US’ traditional renewables sectors – wind, solar (and now even battery storage) – continue to be a mainstay, but the universe of investable renewables opportunities is expanding.
-
The tax equity marketplace was forever changed in 2023 due to the emergence of transferability tax credit deals.
-
Battery-focused renewable energy company Spearmint Energy has closed a $47.5 million project finance term loan from global financial services provider Manulife.
-
Santiago-based renewables developer Eactiva is planning to develop a pair of solar-plus-storage projects in Chile.
-
Peru’s investment promotion agency ProInversión is launching a tender for 4 transmission P3 projects, totalling $137 million in investments.
-
Brazilian energy and sugar company Raizen has signed a memorandum of understanding (MoU) with e-mobility company BYD.
-
Sempra Infrastructure has signed a memorandum of understanding (MoU) with the Japan Bank for International Cooperation (JBIC) that will see the pair develop energy transition projects.
-
Serena - formerly Omega Energia - has received financing from Sudene’s Northeast Development Fund (FDNE) for its Assuruá 5 wind project in Brazil.
-
H2 Energy Group has partnered with the Redding Rancheria Tribe reservation to develop a green hydrogen production facility.
-
Nuveen has teamed up with Aiga Capital Partners on its $200 million term loan to battery energy storage system (BESS) developer Spearmint Energy.
-
Energía de Colombia SAS ESP has requested a loan from IDB Invest for a transmission project the company is refinancing in Colombia.
-
Chilean utility Colbún has secured approval to move ahead and start construction of its Celda Solar project in the region of Arica y Parinacota, Chile.
-
Avangrid is readying its first renewable energy project in Oklahoma, the 147.5MW Pontotoc Wind project.
-
Vesper Energy has closed $590 million in financing for its 600MW Hornet Solar project.
-
Chile’s National Electric Coordinator (CEN) has released its 2024 plan to expand the transmission system in the country.
-
Chilean developer Celtic Solar Group is planning to develop a second solar project in the region of Antofagasta for Greek metals and energy company Mytilineos.
-
Canadian independent power producer Innergex Renewable Energy, along with its community partners, has won 2 wind projects totaling 400MW in Hydro-Québec's request for proposals (RFP).
-
The New York State Energy Research and Development Authority (NYSERDA) has closed its solicitation process for its fourth offshore wind auction. Several companies have announced their proposals, including Equinor, RWE, National Grid, and Ørsted.
-
Renewables developer Swift Current Energy has upsized its $225 million revolving credit facility to $312.5 million to fund its US project pipeline.
-
Potengi Holdings, a joint venture between AES Brasil and food processing company BRF, is planning to issue bonds for wind projects in Brazil.
-
Tax equity investor Foss & Company has completed its second tranche of its tax equity partnership with community solar developer Nautilus Solar, adding a $72 million investment to a portfolio of solar projects.
-
German energy giant RWE is planning to develop a 257MW solar project in Chile.
-
Consortiums led by Invenergy and TotalEnergies were awarded offshore wind projects with conditional contracts of 3.74GW capacity as the New Jersey Board of Public Utilities (NJBPU) closes its third-round tender.
-
Plug Power has started operations at the largest liquid green hydrogen plant in the US in Georgia after 18 months of construction.
-
Chile’s national oil company ENAP has signed a memorandum of understanding (MoU) with TEG Chile for the development of green hydrogen in Chile.
-
Actis-backed power generation company Valia Energía has issued $530 million in project bonds in Mexico.
-
Renewables company Origis Energy has closed a $317 million tax equity project financing with JP Morgan for 2 utility-scale solar-plus-storage projects.
-
Chilean utility Colbún is planning to add a 360MW wind project to its development pipeline in Chile.
-
MPC Caribbean Clean Energy Fund has reached financial close on the Monte Plata solar project the fund owns in the Dominican Republic.
-
Solar company Verano Energy has submitted an environmental impact assessment (EIA) for a hydrogen and green ammonia project in the Arequipa region in southern Peru.
-
EnfraGen’s Chilean subsidiary Prime Energía is planning a solar-plus-storage project in the region of Valparaíso, Chile.
-
Azure Sustainable Fuels is set to develop Sustainable Aviation Fuel (SAF) production facilities in British Columbia, Ontario, and Manitoba, Canada, after receiving funding from several Canadian investment institutions.
-
The Bureau of Land Management (BLM) has announced its plan for solar projects across the western US through an updated roadmap as part of its solar development plan for the region.
-
Capital Power Corporation and Ontario Power Generation (OPG) have joined forces to assess the development of grid-scale, small modular reactors (SMR) in Alberta, Canada.
-
The Government of Ceará has signed a memorandum of understanding (MoU) with oil and gas giant BP to support the development of green hydrogen in the state.
-
The renewable energy sector in Chile continued to feel market disruptions in 2023 forcing many financial reorganizations and restructurings throughout the year.
-
Distributed generation (DG) has grown exponentially in the past few years in Brazil and 2023 saw many players entering at every level of the market, while existing ones consolidated their pipelines.
-
Argentine renewables developer Hychico has submitted a wind project for environmental review in Chile.
-
New Jersey-based solar company Infiniti Energy has closed a $89.2 million structured financing to develop its commercial and industrial (C&I) project pipeline.
-
Casa dos Ventos and ArcelorMittal have landed financing from development bank BNDES for a wind complex they are co-developing in Brazil.
-
Aspen Power, a renewable developer backed by Carlyle, has closed $241 million in 3 financing agreements with JP Morgan, Lombard Odier, and MUFG to support its solar energy project pipeline.
-
Gas utility Spire and KC Water have moved forward on their partnership to create the first Kansas City, Missouri renewable natural gas (RNG) facility.
-
-
Greek metals and energy company Mytilineos has reached financial close for a 588MW portfolio of assets in Chile.
-
Over the course of the last year, there were many surprises for the renewable project finance sector. From the market's quick reaction to the June tax transferability guidelines to the deferred success of offshore wind projects, 2023 brought new financing structures and revealed weak points in the sector.
-
Santiago-based developer Andes Solar is planning a 234MW solar-plus-storage project in Chile.
-
Hydrogène de France (HDF) and Rubis have requested a loan from IDB Invest for a green hydrogen project the pair is developing in Barbados.
-
Battery storage developer Key Capture Energy and impact investment firm Enhanced Capital have closed an investment tax credits (ITC) transfer agreement with a third party.
-
Brookfield-backed renewables developer Elera Renováveis is expanding its Janaúba solar complex in Brazil.
-
Xcel Energy has commenced construction on its two initial phases of the 460MW Sherco Solar project, with an additional 250MW co-sited solar array is pending permit approval, as it replaces a coal-fired plant in Minnesota.
-
Miami-based Atlas Renewable Energy is adding a wind project to its renewable development pipeline in Chile.
-
Pan American Energy (PAE) has secured a R$1.1 billion ($224 million) long-term debt package for the company’s Novo Horizonte wind complex in Brazil.
-
Spearmint Energy has reached completion and commercial operation of its West Texas 150MW battery energy storage system (BESS) Revolution.
-
Hydrogen company Plug Power has completed its electrolyzer system at Amazon's Aurora, Colorado, fulfillment center. A first for the tech company, the 1MW low-carbon hydrogen production system can fuel up to 400 forklift trucks at the site.
-
Australian renewable energy generator Pacific Hydro is planning to develop a solar project in Chile.
-
Altus Power has closed a $100 million credit facility from Goldman Sachs Asset Management and Canada Pension Plan Investment Board's (CPPIB) subsidiary, CPPIB Credit Investments III.
-
India’s Sterlite Power has landed financing from Sudene’s Northeast Development Fund (FDNE) for a transmission project in Brazil.
-
Origis Energy has closed a $344 million project financing from MUFG for the developer's 200MW / 200MWh Gold Triangle I solar-plus-storage project in Lowndes County, Mississippi.
-
First Solar, a leading solar manufacturer, has completed two Tax Credit Transfer Agreements (TCTAs) to sell $500 and $200 million in Advanced Manufacturing Production tax credits to financial services company Fiserv.
-
As we approach the end of 2023 the PFR team would like to wish all our subscribers happy holidays and a happy New Year.
-
Eneva has landed more than R$1 billion ($206 million) in financing for a gas-fired power plant the company is developing in Brazil.
-
Copia Power, backed by investment firm Carlyle, has closed a $1.2 billion construction-to-term loan for its Harquahala Sun 1 and Harquahala Sun 2 solar-plus-storage projects in Maricopa County, Arizona.
-
Spain’s Acciona Energia has landed a loan for the company Cotoperí solar complex in the Dominican Republic.
-
Siemens Energy has signed a memorandum of understanding with Santa Clara, California-based fast fission clean power company Oklo to become its preferred supplier as it scales up its advanced fission power plants.
-
Renewable developer Auren Energia landed financing from the Northeast Development Fund (FDNE) for a solar project the company is developing in Brazil.
-
New Jersey-based utility South Jersey Industries, energy transition investment firm Captona, and renewable natural gas (RNG) developer RNG Energy Solutions have entered into a partnership to create one of the largest anaerobic digestor projects.
-
Chilean renewable developer Susterra is planning a green hydrogen project to support the decarbonization of the mining sector in Chile.
-
California Resources Corporation and its carbon management business, Carbon TerraVault, have received the first draft of Class VI well permits for underground carbon dioxide (CO2) injection and storage.
-
Battery storage IPP On.Energy has inked $40 million in construction and debt facilities with Live Oak Bank for its 80MW ERCOT portfolio.
-
Bank of America and clean energy real estate company Radial Power have signed an $80 million tax equity financing agreement for a 96MW portfolio of distributed generation, commercial & industrial, and community solar projects.
-
Norwegian energy company Statkraft is expanding its pipeline with two solar-plus-storage projects to be sited by wind complexes the company is building in Brazil.
-
Australian mining firm Allkem has secured a long-term financing package of up to $50 million from IDB Invest to develop its greenfield Sal de Vida lithium project located in the province of Catamarca.
-
The energy finance team at First Citizens Bank and Jupiter Power have closed $65.2 million in financing for the energy storage developer's 200MW/400MWh battery energy storage system in Houston, Texas.
-
Spain’s Grenergy and Germany’s Energy Kitchen are growing their renewable capacity in Chile by adding solar and wind projects to their respective pipelines.
-
Advantage Capital and Sabanci Renewables, a subsidiary of Sabanci Holding, have closed a $185 million tax equity financing to fund the developer’s 272MW Cutlass Solar II Project outside of Houston, Texas.
-
Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the second transmission auction of the year.
-
Greenbacker has closed a $92 million financing agreement with BMO Financial Group to construct its largest standalone BESS project — 120MWh Holtville BESS — and various community solar developments.
-
The state of Louisiana has approved its first-ever offshore wind farm agreements for projects in state waters, inking contracts with Vestas and Mitsubishi subsidiaries.
-
HIF Global is seeking environmental approval for the Faro del Sur wind project again having previously withdrawn its initial submission.
-
Sustainable aviation and carbon emissions-derived fuels production company Dimensional Energy has successfully closed its $20 million Series A funding round.
-
Renewables developer Pivot Energy is developing six community solar projects totaling 33MW across Illinois, working alongside fashion company Tapestry, which will purchase the projects’ Impact Renewable Energy Credits (RECs).
-
PJM Interconnection awarded Potomac Edison and Mid-Atlantic Interstate Transmission (MAIT) 3 transmission projects, totaling more than $800 million, in Pennsylvania, Maryland, Virginia, and West Virginia.
-
PJM has selected the MidAtlantic Resiliency Link project proposal from a NextEra subsidiary to address reliability issues in its western grid sections.
-
IDB Invest is preparing an up to $333.5 million debt package to support YPF Luz’s renewable expansion in Argentina.
-
Chile’s national oil company ENAP has signed a memorandum of understanding (MoU) with HIF Global for the commercialization of biofuels in Chile.
-
Generate Capital and electric and low-emission bus manufacturer Blue Bird Corporation have formed Clean Bus Solutions, a joint venture providing electrification-as-a-service to school bus fleets around the US.
-
Brazilian utility Alupar won a transmission project in an auction launched in August by Colombia's Mines and Energy Planning Unit (UPME).
-
Transition Industries has signed a joint project development agreement (JPDA) with the IFC to develop a methanol production plant in Mexico.
-
Washinton state-based utility Puget Sound Energy (PSE) will construct a 248MW wind farm in Stillwater County, Montana. The project is expected to become operational in 2025.
-
Spanish developer Enerfin has landed a R$114 million ($23.2 million) loan from Sudene through its Northeast Development Fund (FDNE) for a solar project.
-
Brazilian development bank BNDES has signed an agreement with the New Development Bank (NDB) , formerly the BRICS Development Bank, that will see the pair invest $1.7 billion into the nation's energy transition.
-
Brazilian development bank BNDES has agreed to two loans to finance biogas assets located in the state of Sao Paulo in Brazil.
-
EV charger manufacturing company DG Matrix has finalized a multi-year partnership with sodium-ion battery producer Natron Energy to accelerate the deployment of charging infrastructure.
-
Norwegian energy company Statkraft is planning to develop a hybrid solar and wind project, adding 440MW to its renewable pipeline in Chile.
-
Denmark’s Copenhagen Infrastructure Partners (CIP) will invest $10 billion into a green hydrogen project in Mexico.
-
Brazilian oil and gas giant Petrobras has signed a preliminary agreement with the state government of Rio de Janeiro for the development of a carbon capture hub.
-
Lummus Technology and Toshiba Energy Systems & Solutions Corporation (Toshiba) have entered an agreement to jointly develop carbon capture projects in the US.
-
Renewable power producer Qair has received a loan from Sudene’s Northeast Development Fund (FNDE) for two solar projects in Brazil.
-
The Inter-American Development Bank (IDB) has launched IDB Clima, a financial initiative to support successful green initiatives across Latin America.
-
As we delve into the currents of progress, the US offshore wind sector has found itself somewhat lost at sea. Despite strong tides provided by a collective commitment to combat climate change and favorable tax incentives, many of the multi-billion-dollar projects have stalled or terminated.
-
Brazilian development bank BNDES has signed a memorandum of understanding (MoU) with the World Bank to support low-carbon hydrogen initiatives in Brazil.
-
Although an issue facing the whole energy sector, transmission and grid connectivity for the offshore wind industry has reached a whole new level of complexity.
-
Hyundai Mobis has secured a $490 million term loan facility from Australia and New Zealand Bank Group (ANZ) to fund four EV manufacturing plants in Georgia, establishing its presence in the US EV market.
-
SoftBank and Ares Management-backed SB Energy Global has secured $2.4 billion in financing for solar projects that are the first to qualify for the federal tax credit domestic content bonus.
-
The Bureau of Land Management (BLM) is set to conduct three oil and gas development lease sales in the states of Wyoming, Mississippi, Nevada, Oklahoma and New Mexico.
-
Enel is planning to invest $5.7 billion across its core markets in Latin America for the period 2024-2026.
-
Investment manager Kimmeridge Energy Management’s carbon capture-focused vehicle Kimmeridge Carbon Solutions, has teamed up with UK-based decarbonization development business Storegga to advance carbon capture usage and storage (CCUS) projects.
-
Infinium's first-of-its-kind efuels project for sustainable aviation fuel (SAF) has received a $75 million equity investment commitment.
-
Electrical connector manufacturer Stäubli Electrician Connectors has signed an agreement with SSA Terminals to provide electric vehicle (EV) charging stations for its 33 terminal tractors at the Port of Long Beach, California.
-
AES Andes has secured environmental approval to move forward with its project to repurpose a coal-fired facility for energy storage in Chile.
-
Atlas Renewable Energy has landed a $448 million (R$2.18 billion) financing from development bank BNDES for a solar complex in Brazil.
-
French renewables developer CVE is adding a small-scale solar project to its pipeline in Chile.
-
Excelsior Energy Capital has closed a $1.3 billion financing deal for its 682MW Faraday Solar project in Utah, which has a long-term power contract with technology giant Meta through utility PacifiCorp.
-
Renewables company Brightcore Energy and clean power business Altus Power have joined forces to develop a 16,000-panel solar project spanning 19 properties.
-
Utility-scale solar and storage developer Primergy has closed a $300 million debt financing and tax equity deal for its 100MW Prairie Mist Solar Project in Arkansas.
-
German-based energy giant RWE will continue its €55 billion ($60.2 billion) Growing Green initiative – investing in renewable energy, batteries, flexible generation and hydrogen – with an estimated €20 billion ($21.9 billion) to be allocated to future US investments by 2030.
-
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.
-
AES Dominicana Renewable Energy (ADRE) has secured a $368 million financial package to for the DBFOM of 3 renewable energy projects and to refinance short-term debts.
-
Brazilian development bank BNDES has approved a R$157 million ($32m) loan package to Bioo Holding for the development of a biomethane plant in Triunfo, Rio Grande do Sul state.
-
Ameresco is to build a 50MW/200MWh battery energy storage system (BESS) for CAISO utility Silicon Valley Power (SVP) in Santa Clara, California.
-
Renewable developer Longroad Energy has secured $600 million in debt financing for its wind, solar, and battery portfolio across the US.
-
Spanish company Jepri Group signed a Memorandum of Understanding (MoU) with the Government of Ceará for a €3.3 billion green hydrogen plant in the Brazilian state.
-
Offshore wind developer Attentive Energy is preparing two investments to help grow the industry's supply chain and support ocean-based technology startups in New Jersey.
-
GE Vernova’s power conversion business and Next Hydrogen Solutions have signed a memorandum of understanding for green hydrogen production.
-
GTI International subsidiary Projeo Corporation has been awarded $38 million from the US Department of Energy (DOE) for its Phoenix Project.
-
Recurrent Energy has secured a R$490 million ($100 million) financing for a 300MW solar asset the company is developing in Brazil.
-
Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the first transmission auction to be held in 2024.
-
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.
-
Sumitomo Corporation of Americas (SCOA) has signed a Memorandum of Understanding (MoU) with international trade and development company Invest Alberta to support its energy infrastructure projects in Alberta, Canada.
-
Summit Ridge Energy has inked a $275 million financing from MUFG to expand its operations and project pipeline of community solar in Virginia and Illinois. The deal upsizes the existing $100 million partnership between Summit and MUFG.
-
Spanish developer Grenergy is planning to invest €2.6 billion ($2.8 billion) until 2026 into renewables, particularly storage, across Latin America, the US and Europe.
-
Eversource and Ørsted's jointly owned Revolution Wind, a 704MW offshore wind project located off Rhode Island, has received final Bureau of Ocean Management (BOEM) approval for its construction and operations plan.
-
Santiago-based renewable developer Blue Light Energy has started the permitting process for a solar-plus-storage asset in Chile.
-
Canada-based green hydrogen developer EverWind Fuels has secured a C$125 million (USD $ 91.2 million) debt facility from Export Development Canada (EDC) to put toward its Tupper Point, Nova Scotia-based green hydrogen and ammonia project.
-
Among the many hurdles the offshore wind sector is facing, the lack of guidelines for tax credits guidelines remains one of the most convoluted.
-
Chilean renewables developer Eactiva is planning to develop a duo of solar projects, adding 28MW to its development pipeline.
-
The Saudi Fund for Development (SFD) has signed a memorandum of understanding (MoU) with the government of Saint Kitts and Nevis for the financing of a power plant on the islands.
-
Leeward Renewable Energy (LRE) has closed on $580 million of tax equity commitments and debt facilities for its White Wing Ranch Solar and GSG Wind projects located in Yuma County, Arizona, and LaSalle County, Illinois, respectively.
-
LS Power is set to invest up to $400 million into green hydrogen projects developed by Monarch Energy.
-
Electric vehicle (EV) services provider Revolv has closed a $25 million project financing with a Greenbacker Capital Management affiliate fund, the first non-recourse project financing in the EV sector. The facility will aid Revolv's deployment of EVs and charging stations to its customers across the US.
-
The Department of Energy (DOE) has ringfenced $3.5 billion from the Bipartisan Infrastructure Law to boost domestic production of advanced batteries and battery materials.
-
Swiss fund manager SUSI Partners is expanding the company’s partnership with Chilean developer BIWO Renovables adding two projects to their shared portfolio.
-
A section of Pattern Energy’s $10 billion Arizona-based SunZia Transmission project has been temporarily suspended by federal land managers following a request from the Tohono O’odham Nation.
-
Canadian independent power producer Innergex Renewable Energy has closed a $185 million financing deal for three unlevered hydro assets in Quebec and British Columbia, totaling 107MW.
-
The Department of Energy (DOE) has provided $444 million to fund 16 carbon storage and management projects across the US.
-
Oceanic Wind Energy has renegotiated its agreements with green power developer Northland Power, taking back its 400MW Hecate Strait offshore wind project in British Columbia.
-
Chilean utility Colbún is partnering with UK cleantech firm RheEnergise to develop an energy storage facility.
-
Online retail giant Amazon is expanding the company’s renewable energy portfolio with the company's first wind project in South America.
-
Energyquil has signed a concession agreement for the installation, operation and maintenance of a gas-fired power plant in Ecuador.
-
Siemens Gamesa Renewable Energy has pulled out of its $200 million Portsmouth, Virginia, offshore wind blade manufacturing facility, citing turbulence in the industry.
-
Austin, Texas-based developer Cielo Wind has landed approval for a wind project the company is working on in Chile.
-
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.
-
Argentina’s Secretariat of Energy is seeking expressions of interest to develop energy storage system projects in the country.
-
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.
-
French energy company Engie is issuing R$2.5 billion ($507 million) in debentures to refinance assets in Brazil.
-
The Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporations (NuScale) have terminated their Carbon Free Power Project (CFPP) located at the Idaho National Laboratory.
-
FirstEnergy is planning a 5-year, $935 million transmission infrastructure upgrade in New Jersey.
-
Renewables developer Arevon has closed a $529 million financing package, including a tax credit transfer agreement, for its Vikings solar-plus-storage project in California.
-
New Fortress Energy has secured financing for its 630MW Barcarena power plant in Brazil.
-
Brazilian developer Órigo Energia has landed financing for a portfolio of small distributed solar generation assets.
-
Mercedes-Benz HPC has closed a partnership with shopping and entertainment real estate company Simon to build a network of EV charging hubs across Simon-owned properties in the US and Canada.
-
Brazilian power generator Eneva has received financing for one of its Parnaíba gas-fired power plants located in the state of Maranhão.
-
Renewable energy infrastructure company Talus Renewables has raised $22 million in its Series A financing for production of its green ammonia technology.
-
Altius Renewable Royalties Corporation (ARR)'s co-owned subsidiary, Great Bay Renewables, has secured a $274 million senior credit financing. ARR owns Great Bay with funds managed by affiliates of Apollo Global Management.
-
D.E. Shaw Renewable Investments (DESRI) has begun operations on its 100MW solar energy farm in Imperial County, California.
-
Chilean sponsor Blue Light Energy is planning a solar-plus-storage project in the region of Los Lagos, Chile.
-
TotalEnergies has brought its 380MW/225MWh Myrtle Solar and battery storage systems project online outside of Houston, Texas. Myrtle Solar is the French company's largest-to-date utility-scale solar-plus-storage project in the US.
-
Italy-based energy and telecom cable systems company Prysmian Group has signed a €900 million ($951 million) agreement with Clean Path New York for submarine and land power cable systems.
-
Longroad has financially closed and commenced construction on Sun Streams 4, the company’s third project in the Arizona-based Sun Streams complex.
-
Despite earlier announcements of large impairments and project cancellations for offshore wind, joint-venture partners Ørsted and Eversource have taken the final investment decision (FID) in their 704MW Revolution Wind, commencing the construction of the utility-scale offshore wind farm.
-
The world's largest offshore wind developer, Ørsted, has stopped development of its 2.3GW Ocean Wind 1 and 2 offshore wind farms off New Jersey after announcing impairments of over $5.5 billion.
-
Canadian Solar is building a 5 GW solar PV cell production facility sited at Jeffersonville, Indiana’s River Ridge Commerce Center.
-
Blackstone portfolio company Aypa Power has finalized a $350 million financing facility and $200 million tax equity financing for its Borden and Cald Projects, a 150MW/300MWh battery energy storage facility (BESS) in Texas and a 100Mw/400MWh BESS in California, respectively.
-
Peru’s investment promotion agency ProInversión has awarded a duo of transmission projects totaling $800 million in investments.
-
Distributed generation platform Aspen Power has completed construction on 14 solar projects acquired from Georgia’s Inman Solar.
-
EDP and ArcelorMittal have signed a memorandum of understanding (MoU) that will see the two cooperate on the development of green hydrogen in Brazil.
-
IDB Invest has proposed a $50 million loan to develop a solar energy project in the Dominican Republic.
-
Competitive Power Ventures (CPV) has brought online its 1.25GW natural gas fired Three Rivers Energy Center in Grundy, Illinois.
-
Chilean developer Sphera Energy is planning to develop a utility-scale solar project in the region of Ñuble, Chile.
-
French construction company Vinci has won two contracts to carry out engineering, procurement, and construction (EPC) services for transmission projects in Brazil.
-
John Cockerill Hydrogen, an electrolyzer manufacturer, has purchased a manufacturing space in Texas to create an electrolyzer gigafactory.
-
Renewables company and Iberdrola Group member Avangrid and green energy investment firm Copenhagen Infrastructure Partners (CIP) have closed a $1.2bn first-of-its-kind tax equity package for their jointly owned Vineyard Wind 1 offshore wind project.
-
Technology provider Vontier Corporation's subsidiary, ANGI Energy Systems, to build a full hydrogen refueling station at the Santa Clarita Transit in California. The station will fuel over two million vehicles per year.
-
French developer Engie has secured approval to move ahead with its Libelula solar project in Chile.
-
The energy finance group at First Citizens Bank has closed a $60 million financing for Gore Street Energy Storage Fund, a UK-based fund investing in utility and scaled projects, a 200MW/400MWh battery storage project in Imperial County, California. The project, Big Rock, is Gore Energy's first development in California.
-
DE Shaw Renewable Investments (DESRI) has begun construction on its 200MW/400MWh San Juan 1 solar and storage project in New Mexico.
-
French developer Voltalia has started commercial operations of its Canudos 1 and 2 wind farms in Brazil.
-
Rise Light & Power and Corio have purchased stakes in TotalEnergies's 3GW Attentive Energy offshore wind farm, paying a total of $420 million.
-
French renewable developer CVE is expanding the company’s Chilean pipeline with a duo of solar projects.
-
The joint venture between renewable natural gas producer OPAL Fuels and South Jersey Industries (SJI), an infrastructure holding company, has begun constructing its Atlantic RNG facility on the Egg Harbor Township, New Jersey, landfill.
-
Vineyard Wind, owned by Avangrid and CIP, has installed the first turbine of its Vineyard 1 project, a landmark milestone for the 800MW project, which will be the first utility-scale offshore wind farm in the US. Once complete, Vineyard Wind will power nearly half a million Massachusetts homes.
-
Ameresco has begun commercial operations of its renewable natural gas (RNG) facility at the Benson Valley Landfill in Kentucky, which is owned by waste disposal company Republic Services. The plant will produce 2,000scfm of raw landfill gas per year, reducing over 27,000 tons of carbon dioxide emissions annually.
-
Milestone Environmental Services (MES) subsidiary Milestone Carbon has entered into an agreement with Texas Pacific Land Corporation to lease over 22,000 acres of land and pore space intended for permanent geologic sequestration of CO2 in the Permian Basin.
-
Spearmint Energy has reached financial close on a $92 million tax equity investment for its 150MW battery energy storage system (BESS), Revolution, from climate-focused investment firm Greenprint Capital Management.
-
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.
-
German developer Soventix is planning a utility-scale project in the metropolitan region of Santiago, Chile.
-
Brazilian power company Energisa is issuing bonds for up to R$1.837 billion ($364 million) to finance energy infrastructure projects across Brazil.
-
Oil and gas company Petroquímica Comodoro Rivadavia (PCR) has brought online a trio of wind farms in Argentina.
-
Opdenergy has secured $252 million in financing for two under-construction solar projects, totaling 260MW, in West Virginia and Louisianna.
-
Australia’s Fortescue has secured rights to develop a wind farm in the Rio Negro province of Argentina.
-
French solar developer GreenYellow is partnering with Exata Energia to develop distributed generation assets in Brazil.
-
Integrated energy and fertilizer company Proman has inked an agreement with Mitsubishi to build a low-carbon ammonia facility in Lake Charles, Louisiana. If completed, the plant would create 1.2 million tons of ammonia annually.
-
Plus Power has completed a $1.8 billion financing for its standalone battery storage pipeline to help stabilize the grid alongside new wind and solar projects. Using data-driven metrics, the BESS developer is investing the funds into five battery projects near metropolitan areas in the Southwest.
-
Argentina’s Ministry of Energy and the Bank of the Argentine Nation (BNA) have finalized a line of credit for the implementation of distributed generation of renewable energy.
-
Vector Renewables has agreed to take over the management of assets of OBTON’s first photovoltaic solar plants in Chile.
-
The Department of Energy has selected seven green hydrogen hub winners across 16 states, handing out $7 billion dollars in funds from the Bipartisan Infrastructure Law. Together, the hubs aim to produce over 3 million metric tons of clean hydrogen annually and generate over $40 billion in private investment in hydrogen.
-
Mexican solar distributed generation developer Energía Real has landed financing from Banco Sabadell.
-
Origis Energy has started construction on the first of three projects in Mississippi with a total capacity of 550MW plus 150MW of battery storage.
-
Renewables developer oEnergy is planning a $60 million project that will see that company add a solar-plus-storage facility to its Chilean portfolio.
-
Evergrow has completed the funding of a clean energy tax credit transfer on its platform as new players emerge in the tax equity space.
-
France’s Engie and Spain’s Opdenergy are planning to develop wind and solar projects in Chile.
-
Californian energy producer, Aera Energy, is preparing first large-scale carbon capture and storage project (CCS) – CarbonFrontier.
-
Leeward Renewable Energy (LRE) has begun the construction of two projects, GSG Wind and White Wing Ranch Solar, as well as reaching commercial operations for Big Plain Solar.
-
E-fuel producer HIF Global is planning a $830 million large-scale e-fuel project in Chile.
-
Power producer MSU Energy is issuing green bonds for a 137MW portfolio of solar projects the company is developing in Argentina.
-
Independent power producer Silicon Ranch and its partners – a community-focused renewable energy company and Sulphur Springs Valley Electric Cooperative (SSVEC) – have brought online the McNeal solar-plus-storage project.
-
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.
-
French utility EDF Renewables is planning a 144MW wind project in the region of Bío Bío in Chile.
-
Brazil’s Petrobras and mining company Vale are partnering to develop low-carbon solutions including sustainable fuel opportunities.
-
Dominion Energy is set to add 772MW of solar generation in Virginia through six Dominion-owned or acquired solar farms and 13 power purchase agreements (PPAs) with independently owned projects.
-
Renewable energy company BayWa r.e., through its subsidiary BayWa r.e. Solar Trade, has opened a solar distribution center in Medellín, Colombia.
-
BP-owned Archaea Energy has launched a renewable natural gas (RNG) plant in Medora, Indiana, located next to a Rumpke Waste and Recycling landfill. The Medora plant is the first to come online since BP purchased Archaea in 2022.
-
AES Brasil has started commercial operations of its Tucano wind farm located in the state of Bahia.
-
Peru’s investment promotion agency ProInversión is planning to award a duo of transmission projects totaling $800 million in investments on October 27, 2023.
-
Despite current difficulties in the offshore wind market, TotalEnergies, a French wind energy developer, and Corio Generation, owned by Macquarie, have proposed a 1.34GW project off the coast of New Jersey. The wind developers' joint venture (JV) Attentive Energy also owns the 1.4GW Attentive Energy One project, located off the New York coast.
-
The Asian Infrastructure Investment Bank (AIIB) has agreed to finance a wind project in the province of Tierra del Fuego, Argentina.
-
Greenprint Capital Management and AB CarVal have finalized their joint venture (JV) to grow Greenprint's tax equity pipeline and renewable energy tax credit warehouse using funds managed by AB CarVal.
-
Colombian power producer Isagen has landed financing to support the development of the company’s Sabanalarga solar project.
-
Atlas Renewable Energy has brought online its Lar do Sol and Casablanca solar projects, adding 600MW to the Brazilian grid.
-
Maritime Electric Company, a Prince Edward Island (PEI), Canada-based utility, has received $19 million from the Canadian government for its sustainable electrification initiative aimed at updating the local grid and critical connection areas.
-
Global independent power producer (IPP) Ashtrom Renewable Energy has received $270 million in financing from five banks for its 400MW Tierra Bonita Solar Project in Pecos County, Texas.
-
YPF and renewable subsidiary YPF Luz have signed a memorandum of understanding (MoU) with Korean steel producer Posco for green hydrogen developments in Argentina.
-
The Department of Energy (DOE) has provided $38 million in funding for 13 green energy technology projects in American Indian and Alaska Native communities. The DOE funds will help increase energy security, reduce energy costs, and provide electric power investments for Native communities across the US.
-
Neoenergia, the Brazilian energy distributor owned by Iberdrola, has entered a joint venture with renewables company Comerc Energia to develop distributed generation in Brazil.
-
EDPR North America Distributed Generation (EDPR NA DG) has closed the latest of its series of sale-leaseback transactions with Flagstar Financial & Leasing.
-
Infrastructure investment manager SUSI Partners has landed financing for a 107MW portfolio of solar assets in Chile.
-
Sunnova Energy International, a low-cost solar and energy provider, has entered into a $3.0 billion partial loan guarantee agreement with the U.S. Department of Energy's (DOE) Loan Programs Office (LPO).
-
Iberdrola-owned Avangrid has reached a transfer tax credit agreement for over $100 million of 2023 production tax credits (PTCs) with oil and power multinational Vitol, one of the first transferable credit agreements created by the Inflation Reduction Act.
-
Engie Energía Chile has received the greenlight to proceed with a $645 million wind and storage project in Chile.
-
Ørsted has begun operations on its 13th US wind farm, Sunflower Wind, which is a 200MW wind project located in Marion County, Kansas. The Danish energy giant now operates 832MW of wind energy in the Southwest Power Pool.
-
Spain’s Uriel Renovables is planning a 100MW asset to be constructed in the region of Valparaíso in Chile.
-
BP has begun construction on its 187MW Peacock Solar project near Corpus Christi, Texas, which is expected to begin operations by the fall of 2024.
-
CleanCapital has completed its 8.5MW solar project in Houston, Alaska, which is the largest solar project to become operational in the state. The project was developed and constructed by Renewable IPP (RIPP), while CleanCapital funded and now owns the site.
-
Renewables developer Casa dos Ventos has received financing for a pair of wind farms the company operates in Brazil.
-
Fervo Energy, a geothermal technology company, has begun construction on its Utah-based Cape Station exploration project. The geothermal energy project is set to deliver 400MW of green electricity beginning in 2026 and reaching full scale in 2028.
-
Renewable natural gas producer OPAL Fuels and South Jersey Industries (SJI), an infrastructure holding company, have entered a 50/50 joint venture (JV) to develop, own, construct, and operate RNG facilities.
-
Sustainable aviation fuel (SAF) is still years away from bankability, according to speakers at REFF Wall Street 2023.
-
Supply chain disruptions continue to impact projects across the spectrum of renewable technologies in the US and a domestic solution is not readily available despite efforts put in place like the Inflation Reduction Act (IRA).
-
The circa $20 billion annual tax equity stranglehold a small number of banks had on the market is over now that the Inflation Reduction Act (IRA) has introduced transferability, according to one financial advisor at REFF Wall Street 2023.
-
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.
-
Sunnova Energy Corporation intends to offer a $400 million green bond to finance or refinance existing and new projects.
-
Energy Head is planning to develop a solar-plus-storage facility in the region of Valparaíso, Chile.
-
Carbonvert and Castex Energy subsidiary Castex Energy Solutions have struck an operating agreement with the State of Louisiana to develop a permanent carbon dioxide (CO2) storage facility.
-
Inverter and energy storage supplier Sungrow has signed a contract with investment fund WEG-4 to supply a liquid cooled energy storage system (ESS) solution.
-
Spanish renewables developer Ecoener has started commercial operations of two solar projects in the Dominican Republic.
-
Recurrent Energy, the solar and storage developer and owner, has closed on a $200 million project financing for the 134MW Liberty Solar project.
-
Sunrun, a provider of residential solar, storage and energy services, has priced a $715 million securitization of leases and power purchase agreements, known as Sunrun’s solar-as-a-service offering.
-
Finnish investor Korkia is partnering with Chilean developer Ciudad Luz to develop renewable projects in Chile.
-
A pair of Spanish sponsors are expanding their renewable operations in Chile, adding solar projects to their respective pipelines in Chile.
-
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.
-
Casa dos Ventos Holding, Petrobras and TotalEnergies have signed a memorandum of understanding (MoU) that will see the trio collaborate on renewables in Brazil.
-
The Development Bank of Latin America (CAF) has approved $850 million in loans to Panama and Brazil to support the energy transition in both countries.
-
FortisBC has begun expanding methane capture infrastructure at the Delta landfill to advance its renewable natural gas offtake agreement with the City of Vancouver. Per the agreement, FortisBC will turn waste from the Delta landfill into RNG and sell it to the city.
-
Energy management business Schneider Electric has revealed its 160,000-square-foot electrical manufacturing plant in El Paso, Texas, its largest factory in the US. The plant will produce low- to medium-voltage electrical products used to transfer power from the grid to industrial, commercial, and residential customers.
-
Petrobras is planning to develop 23GW of offshore wind projects along the Brazilian coastline.
-
Enel North America has brought five battery energy storage systems (BESS) totaling 369MW / 555MWh online in Texas. The utility-scale BESS projects have been connected to the ERCOT power grid and will increase stability during the hot summer months.
-
UK-based energy producer Sonnedix is planning a wind project in the region of Coquimbo, Chile.
-
Ocean Winds has signed a memorandum of understanding (MoU) with transportation and energy conglomerate Prumo Logística to collaborate on offshore wind generation in Brazil.
-
Foss & Company has launched a standalone battery storage investment division, which highlights the company's increasing focus on battery energy storage systems (BESS) projects.
-
Matrix Renewables and rPlus Energies have launched construction on the 261MW Pleasant Valley Solar project in Ada County, Idaho. Once completed, the project will be the largest solar facility in Idaho Power's system.
-
Quintero GNL has submitted for review on its Green Hydrogen Bahía Quintero project the company is planning in Chile. The sponsor first submitted the project in 2021 but retracted the plan.
-
The National Energy Commission (CNE) has granted a permanent concession to AES Dominicana for a renewable project in the Dominican Republic.
-
Dimension Renewable Energy has inked $237 million in financing led by Silicon Valley Bank (SVB), a division of First Citizens Bank, to develop its 120MWdc community solar portfolio across five states.
-
Natural gas producer BKV has entered into a contract with ENGIE Energy Marketing NA to sell its natural gas, which has been produced with CO2 sequestration, and its associated carbon sequestered credits. For this partnership, BKV will be creating the first purpose-built permanent commercial CO2 disposal and capture in the US.
-
Trinity Gas Storage has closed $189 million in equity funding from private equity firm Transition Equity Partners and debt financing led by Investec as the joint lead arranger for its natural gas storage facility in Anderson County, Texas. The other investors include Pan Capital Management, Arbdn, SailingStone Capital Partners, and Rice Investment Group.
-
Ørsted has completed its $625 million all-cash purchase of Eversource Energy's share in 175,000 acres of an offshore lease area that covers three ongoing offshore wind projects, becoming the sole owner of the land.
-
A consortium of European financial institutions and multilateral organizations have launched the Global Green Bond Initiative (GGBI) to promote green bond markets in Latin America and the Caribbean and cooperate on technical assistance.
-
A Chilean sponsor is planning a utility-scale solar-plus-storage project located in the region of Atacama, Chile.
-
Commercial and Industrial (C&I) solar developer Forefront Power Partners has closed a $65 million solar investment tax credit (ITC) financing from NT Solar for its portfolio of 100 solar projects in California.
-
IKEA’s financial arm, Ingka Investments, has joined Apex Clean Energy in developing Cameron Storage, the company’s first-ever battery storage project.
-
MUFG has refinanced its $500 million credit facilities for a natural gas-fired plant portfolio, Invenergy Thermal Operating I, owned by Invenergy and InfraBridge. The portfolio includes four operational plants, totaling 2.29GW, which are located in the US and Canada.
-
The Port of Santos, Brazil’s largest port and one of the busiest in Latin America, is planning to add a green hydrogen production plant to its facilities.
-
EDF Renewables has started construction on the company’s third wind farm in the state of Bahia.
-
Canadian green hydrogen developer EverWind Fuels has won a bid from the Newfoundland government to develop a green hydrogen project on the Burin Peninsula, Newfoundland.
-
Renewable energy company RWE Clean Energy has commenced construction on its 200MW Montgomery Ranch Wind Farm in Foard County, Texas.
-
The offshore wind troubles continue as Danish firm Ørsted has delayed its first US offshore wind project, Ocean Wind I, until 2026. Additionally, oil giants Equinor and BP are seeking to increase the power price of all three of the US wind farms in their partnership by over 50%.
-
The Department of Energy (DOE)'s Loan Programs Office has given a $398.6 million conditional loan to Eos Energy Enterprises, a battery storage manufacturer. The funding will support Eos Energy's Turtle Creek, Pennsylvania, grid-scale BESS manufacturing facility, which is expected to produce over 8GWh of storage capacity per year.
-
EDF Renewables has started commercial operations of Phase 1 of its Serra do Seridó wind farm in Brazil.
-
Canadian Solar’s subsidiary, Recurrent Energy, has closed $112 million in project financing for its 160MW Oklahoma solar farm. NordLB and Rabobank were the joint lead arrangers on the financing.
-
Brazil’s National Electric Energy Agency (ANEEL) is preparing for the first transmission auction to be held in 2024.
-
The Bureau of Ocean Energy Management (BOEM) closed its first-ever offshore wind energy auction in the Gulf of Mexico with only one lease awarded: RWE Offshore US Gulf won with a bid of $5.6 million for a 1.24GW project.
-
Rialma Administração e Participações is set to win an additional transmission lot in Brazil’s June auction after the original winner was disqualified.
-
Acciona Energía, the Spanish energy company, has signed a Memorandum of Understanding (MOU) with the Government of Aruba to develop green hydrogen on the island.
-
Investment firm HASI has extended its partnership with Summit Ridge Energy, a commercial solar and energy storage company, to finance the developer's pipeline of community solar projects in Illinois and Maryland until 2025.
-
Foss & Company, an institutional investment fund sponsor, and Aspen Power executed a $60 million tax equity deployment for 27 solar projects across New York, New Jersey, Maine, and Georgia.
-
The Bureau of Ocean Energy Management (BOEM) has approved the fourth US commercial-scale, offshore wind project, Revolution Wind, a 704MW offshore wind farm located southeast of Point Judith, Rhode Island.
-
Clean energy platform Peregrine Energy Solutions has entered into an agreement with AB CarVal for $700 million in financing for Peregrine Energy's 7GW pipeline of solar, wind, and battery projects.
-
Enel Green Power has started commercial operations on a utility-scale wind project in Chile.
-
Peru's ProInversión has granted transmission projects totaling $118 million in investments.
RECENT ARTICLES
Recent Articles |
|