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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.
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Blackstone-owned energy storage business Aypa Power is set to close a $650 million pre-Notice to Proceed development facility, PFR has learned.
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Renewables business Primary Energy has tapped Apterra Infrastructure Capital for the refinancing of its platform, PFR has learned.
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Nexus PMG has made an investment in renewable fuels company Saola Energy.
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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).
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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.
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QCells' residential solar financing platform EnFin has completed its first asset-backed securities (ABS) transaction totaling $252.86 million.
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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.
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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.
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Australia and New Zealand Banking Group (ANZ) has issued a $280 million green loan facility to SK Battery America which will use the net proceeds to finance capital expenditure for an electric vehicle battery plant in the US.
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Brazilian development bank BNDES has approved financing for French electricity producer Helexia, part of the Voltalia Group, to install solar projects across Brazil.
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Brazilian development bank BNDES has granted UISA Geo Biogás an R$80 ($14.6m) million loan to construct an industrial unit producing biomethane and electricity from sugarcane residue.
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Details have emerged on the acquisition financing that ArcLight Capital Partners slotted into place to finance its purchase of a 4.8 GW portfolio of thermal assets in New Jersey and Maryland.
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Term sheet details have emerged on an equity and debt raise that is underway for a massive solar-plus-storage project in Nevada.
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A private equity firm has closed an amend-and-extend deal on the project finance loan associated with its gas-fired project in Rhode Island.
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CCE Holding is supporting its acquisition of a solar project in Chile and another in Italy with a financing package provided by Germany's Berenberg Bank.
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Invenergy has closed construction financing for a 250 MW wind project in Illinois.
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A Virginia-based energy company has wrapped acquisition financing for a portfolio of peaking power plants in Illinois.
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Amp Energy has secured a $50.5 million construction debt package for a portfolio of solar projects in central New York state.
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Lightsource bp has wrapped a $97.8 million construction debt package for an 80 MW portfolio of solar projects in Pennsylvania, and a $533 million package for a pair of solar projects in Louisiana and Arkansas.
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Canadian renewables project developer Saturn Power has secured financing for a utility-scale solar project in Saskatchewan.
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An InterEnergy-led consortium has clinched a senior secured term loan to finance the acquisition and construction of a Panamanian gas-fired power plant.
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Lightsource bp has closed a $533 million construction financing package for a pair of solar projects totaling 480 MW (DC) in Arkansas and Louisiana.
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Czech solar developer Solek has secured a $15.1 million loan to finance a portfolio of small-scale distributed solar projects in Chile.
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Goldman Sachs Asset Management has arranged a A$346.33 million ($252 million) debt package for a portfolio of energy storage projects located in the US and Australia.
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Oya Solar has secured construction and tax equity financing for a portfolio of community solar projects in New York state.
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Lightsource bp has wrapped construction and tax equity financing for an 80 MW portfolio of solar projects in Pennsylvania.
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Leeward Renewable Energy has secured debt and tax equity financing for a 54.4 MW wind repowering project in Illinois.
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A private equity firm is arranging an amend-and-extend deal on the project finance loan associated with its gas-fired project in Rhode Island.
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Invenergy has closed construction financing for a 104 MW wind farm in New York state which will form part of the renewable generation portfolio of the $11 billion Clean Path New York infrastructure project.
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Irradiant Partners and Pine Gate Renewables have closed financing on a pair of solar projects totaling 40 MW in Michigan.
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Toronto-based Polaris Infrastructure has secured debt to refinance an 82 MW geothermal asset in Nicaragua.
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Lightsource bp has closed debt and tax equity financing for a 466 MW (DC) portfolio of solar projects in Indiana and Colorado.
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Lightsource bp has secured $100 million in tax equity and project financing to support a solar project in Alabama.
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Two international banks are nearing close on a bridge debt package for a roughly 200 MW gas-fired power plant in Colombia.
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A consortium led by InterEnergy has reached financial close on a debt package that will finance a 656 MW LNG-to-power project in Panama.
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Publicly listed-firm Engie Brasil Energia has inked a debt package for the first phase of a wind complex in the Brazilian state of Rio Grande do Norte.
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A ProEnergy subsidiary has secured a project finance deal to support a 288 MW gas-fired peaking power plant in Texas.
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Leeward Renewable Energy has clinched a $190 million debt package for a wind project that the company is constructing in Colorado.
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Development finance institution IDB Invest is preparing a debt package that will fund the working capital needs of Belize’s utility Belize Electric Limited (BEL).
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Intersect Power has closed a "bespoke" $2.6 billion financing which will support the construction and operation of a 2.2 GW (DC) portfolio of solar assets, along with 1.4 GWh of energy storage capacity in Texas and California.
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A joint venture between D.E. Shaw Renewable Investments (DESRI) and Torch Clean Energy has acquired and financed a solar project in the Centennial State.
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In a deal that came down to the wire, Ares Management Corp has closed the refinancing of Panda Power’s 778 MW combined-cycle, gas-fired Stonewall project in Virginia, which it is in the process of acquiring.
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Plus Power, an independent battery energy storage developer, has closed a debt package for a standalone energy storage project in Hawaii.
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Enel Green Power Peru has requested a debt package from a development finance institution to support the expansion of a 132 MW wind farm in the country.
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A joint venture between Summit Ridge Energy (SRE) and Osaka Gas USA have clinched debt and tax equity financing for a community solar portfolio in Maine.
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A debt and equity raise for a merchant gas-fired project in Queens, New York has been scuppered after the project's air permit was denied by state regulators.
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Amp Energy, a Canadian renewables developer backed by The Carlyle Group, has secured construction financing for a community solar-plus-storage portfolio in New York state.
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D.E. Shaw Renewable Investments (DESRI) has closed debt and tax equity financing for a 149 MW solar project in Michigan.
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Cypress Creek Renewables has closed financing for a 270 MW solar project in Texas, the company's largest solar project yet.
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Pine Gate Renewables has secured construction financing for a 69.89 MW solar project in North Carolina.
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UK-based Soleco Energy is working with development finance institution IDB Invest on a debt package for a distributed generation solar portfolio in Jamaica.
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Matrix Renewables, a portfolio company of private equity firm TPG, has clinched a debt package for an operating solar complex in Colombia.
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Utility-scale solar developer Urban Grid has secured a $275 million debt package from Crayhill Capital Management to support the deployment of its US solar and energy storage platform.
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Canadian renewables developer Grasshopper Energy, formerly known as Grasshopper Solar, has secured a $48 million debt package for a portfolio of solar-plus-storage projects in Massachusetts.
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Lead arrangers have laid out the terms for the almost $2.4 billion construction debt package for the 800 MW Vineyard Wind project off the coast of Massachusetts, which was launched into syndication last week.
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Clearway Energy has financed a 7.5 GW fleet of renewable power projects in the US with $775 million of corporate credit facilities arranged by a club of banks.
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Colombian developer Axia Energia has refinanced an 88 MW dual-fuel reserve power plant in the country's Magdalena department.
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A New York-headquartered developer has closed the refinancing of a combined-cycle gas-fired power plant in Pennsylvania.
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France's TotalEnergies, formerly Total, has reached financial close on a debt package for a solar-plus-storage project in Texas.
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Generadora Metropolitana Renewables, a joint venture between Andes Mining & Energy (AME) and France's EDF Renewables, has reached financial close on a solar and thermal project financing in Chile.
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Three sponsors have secured debt financing from a development finance institution for a 54.5 MW solar asset with an adjacent energy storage facility in French Guiana.
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Details have emerged on the debt package that D.E. Shaw Renewable Investments’ (DESRI's) secured to support the acquisition and construction of a solar-plus-storage project in New Mexico.
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Uruguay’s state-owned National Administration of Power Plants and Electric Transmission (UTE) has secured financing for a 365 km (226.8-mile) transmission project in the country.
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Pattern Energy and Nigig Power Corp have wrapped a C$1.2 billion ($0.94 billion) refinancing for their jointly owned 300 MW Henvey Inlet wind farm in Ontario.
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The lead arrangers on the almost $2.4 billion construction debt package for the 800 MW Vineyard Wind project off the coast of Massachusetts have begun sounding out lenders to participate in syndication.
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Ares Management Corp has kicked off the refinancing of Panda Power's 778 MW combined-cycle, gas-fired Stonewall plant in Virginia, which it is in the process of acquiring.
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Altus Power has refinanced a $368 million senior funding facility, upsizing it by $135 million, and plans to use the proceeds to partially fund the acquisition of an operational solar portfolio from TrueGreen Capital Management.
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London-based fund manager Sustainable Development Capital (SDC) is slotting debt financing into place to support its purchase of an additional stake in Primary Energy Recycling Corp, a portfolio of waste-heat-to-power and cogeneration projects supplying steel mills in the Midwest.
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CarVal Investors has wrapped a $137.5 million debt package to support its US renewables portfolio.
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Quinbrook Infrastructure Partners' portfolio company Scout Clean Energy has secured a $50 million letter of credit facility.
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Owners of hedged renewable energy projects in Texas face an uphill battle as they plead for protection against foreclosure in court, if a recent ruling by a New York judge is anything to go by.
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The final pricing on two recent power-sector term loan Bs landed inside initial price thoughts, indicating a healthy market for additional issuance.
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German developer BayWa r.e. has signed a loan with the North American Development Bank for a utility-scale solar project in Texas.
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Solar and battery storage developer Strata Solar has raised $150 million of flexible capital in a deal with Blackstone Credit ?and its affiliates.
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Invenergy has closed the construction financing for its 999 MW Traverse Wind Energy Center, the last to be financed of the three projects that make up its 1,485 MW North Central Wind Energy portfolio in Oklahoma.
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Czech solar developer Solek has signed an $85.25 million senior secured loan to finance a portfolio of small-scale projects in Chile known as PMGDs.
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S&P Global Ratings has given the senior secured term loan B financing for I Squared Capital's take private of Atlantic Power Corp a rating of BB-.
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I Squared Capital has launched a $405 million term loan B package as part of the financing of its $961 million acquisition of publicly-listed independent power producer Atlantic Power Corp.
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I Squared Capital is approaching the market with a $405 million term loan B package as part of the financing of its $961 million acquisition of publicly-listed independent power producer Atlantic Power Corp.
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Power Finance & Risk is pleased to announce that nominations are now open for its 18th Annual Deals and Firms of the Year Awards.
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Deal watchers say the sudden bankruptcy filing of Brazos Electric Power Cooperative – which had previously enjoyed single-A credit ratings – could be the first of many in the wake of the recent winter storms in Texas.
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In February, for the first time, Power Finance & Risk brought together representatives of the bank loan, private placement, term loan B and tax equity markets with a project sponsor to discuss the state of project finance, how they coped with the Covid-19 pandemic and what is in store for 2021.
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As winter storms wallop Texas, leaving around four million people to wait out rolling blackouts and sending power prices skyrocketing, project finance professionals and investors are assessing the fallout for project-financed assets in the Lone Star State.
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Canadian developer Potentia Renewables refinanced a two-phase solar project in the Dominican Republic toward the end of last year with debt from a local fund manager.
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Invenergy sealed loans at the end of last year for the three large wind farms it is preparing to build in Oklahoma for American Electric Power utility companies.
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Ares Management Corp has financed a contracted wind farm in Illinois that it acquired from a developer last year.
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Clearway Energy Group has closed a $427 million construction loan for its 354 MW Mesquite Sky wind project in Texas.
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Canadian developer Innergex Renewable Energy has closed on a construction loan and tax equity commitment for its 225 MW Griffin Trail wind project in northwest Texas.
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The $860 million term loan B refinancing for a portfolio of gas-fired assets in Queens, New York, was priced and allocated on December 4.
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Since entering the US market in 2019 with the acquisition of a pipeline of projects in California and Texas, SB Energy – the renewables division of SoftBank – has put together a string of project finance deals including a loan to finance late-stage development.
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The Abu Dhabi Future Energy Co, also known as Masdar, is working on a holding company financing to lever up its portfolio of renewable energy assets in the US.
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FirstEnergy Corp's lenders have signed waivers and amended the terms of its loans to cure compliance breaches stemming fromthe disclosure of a roughly $4 million payment in 2019 that was uncovered as part of an internal bribery investigation.
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Vermont-based solar and energy storage developer Encore Renewable Energy has obtained a corporate loan to finance development activity.
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Updated: Spruce Finance has acquired two portfolios of residential solar projects, including all of NRG Energy's remaining residential solar assets.
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The apparently unstoppable trend of ever-tightening project finance margins finally hit the buffers in March 2020. But now, even as the pandemic continues to rage, the race to the bottom is back with a vengeance.
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Clearway Energy has paid $43.5 million to buy its sponsor-developer, Clearway Energy Group, out of a 286 MW portfolio of distributed solar assets.
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Details have emerged of a $209 million term loan package that was executed in September to refinance a portfolio of three operational solar projects.
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Chicago-based developer Invenergy is aiming to close construction loans totaling $1.8 billion for three wind farms in Oklahoma by the end of the year.
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Cypress Creek Renewables has closed an oversubscribed $200 million holdco loan to support its 1.6 GW operating utility-scale solar portfolio in the US.
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