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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.
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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.
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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.
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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.
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Eletrobras and pulp and paper manufacturer Suzano have signed a memorandum of understanding to develop green hydrogen and synthetic fuels initiatives in Brazil.
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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.
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Renewable developer Genneia raised $60 million in green bonds to support the development of renewable projects in Argentina.
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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.
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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.
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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.
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Ørsted’s 924MW Sunrise Wind project was given its final approval by the Bureau of Ocean Energy Management (BOEM).
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Sumitomo Corporation of Americas has completed a tax equity investment in a portfolio of solar and battery storage projects owned by Pacifico Power.
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Neoenergia has signed a memorandum of understanding (MoU) with the government of Ceará to develop offshore wind generation.
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Solarity and Santander Chile have signed an additional financing line to support the developer’s deployment of distributed generation solar assets in Chile.
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British Columbia-based Cedar LNG, a partnership between Pembina Pipeline and the Haisla Nation, has reached final investment decision.
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Renewables developer Genneia is planning to issue green bonds for renewable projects in Argentina.
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The National Energy Commission (CNE) has granted a permanent concession to an 83MW solar project in the Dominican Republic.
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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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Peruvian investment promotion agency ProInversión has awarded a trio of transmission projects totalling $329 million in investments.
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Carbon capture start-up Heirloom Carbon Technologies is set to develop 2 direct air capture (DAC) facilities in Port of Caddo-Bossier, Louisiana.
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Corporación Interamericana para el Financiamiento de Infraestructura (Cifi) has issued a series of green bonds totalling $10 million to finance renewable projects in Latin America.
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Peruvian investment promotion agency ProInversión is expected to award $329 million in investments to 3 transmission projects this month (June 2024).
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Air Liquide has signed an agreement to support ExxonMobil's production of low-carbon hydrogen and ammonia at its Baytown, Texas, facility.
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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.
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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.
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Renewables developer RZK Energia landed financing from Banco do Nordeste (BNB) for distributed solar projects in Brazil.
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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.
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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).
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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.
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Omnigen Energy has secured financing for the development of a portfolio of small-scale solar power plants in Brazil.
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Recurrent Energy has secured $513 million in project financing for its 1,200MWh Papago Storage project located in Maricopa County, Arizona.
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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.
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Biocarbon producer Aymium has closed a $50 million financing with Fortress Investment Group and Kilonova Capital.
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GoodLeap has closed a $311.6 million securitisation of residential solar loans originated on its platform.
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energyRe has submitted proposals to the New York Independent System Operator (NYISO) to develop transmission systems bringing offshore wind power to New York City.
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Centrais Elétricas de Santa Catarina (Celesc) has landed financing from Brazilian development bank BNDES.
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Neoenergia is issuing R$1 billion ($185m) in debentures to finance transmission lines in Brazil.
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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.
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Energy storage and RNG developer Captona has closed a preferred equity investment in a community solar and microgrid portfolio owned by Scale Microgrids.
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Brazilian renewables developer Serena Energia (formerly Omega Energia) is issuing R$400 million (74m) in debentures.
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Grupo Energía Bogotá, through its subsidiary Enlaza, has landed the greenlight to proceed with its Colectora transmission project in Colombia.
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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.
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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.
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NRG Energy has submitted 3 loan proposals to the Texas Energy Fund (TEF) for 1.6GW of natural gas-powered ERCOT projects.
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EDF Renewables has issued debentures for the expansion of the Serra do Seridó wind complex in Brazil.
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Chilean developer Orion Power is planning to develop a standalone battery energy storage system (BESS) in the region of Atacama.
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Brazilian development bank BNDES has signed agreements with China Development Bank and the Asian Infrastructure Investment Bank (AIIB) to finance sustainable projects in Brazil.
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YPF Luz, the power generation arm of YPF, is planning to issue up to $50 million in bonds in Argentina.
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Renewable developer Genneia is planning to develop a pair of solar projects in the province of Mendoza.
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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.
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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.
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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.
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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.
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Entergy and NextEra Energy Resources have partnered to develop up to 4.5GW of solar and storage projects over the next 5 years.
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State-owned Eletrobras has signed a memorandum of understanding (MoU) with Prumo Logística to support the development of green hydrogen in Brazil.
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Nexus PMG has made an investment in renewable fuels company Saola Energy.
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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.
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Engie is planning to issue up to R$2 billion ($381m) in debentures to finance a wind complex the company is developing in Brazil.
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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.
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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.
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The Saudi Fund for Development (SFD) has signed an agreement with the government of El Salvador to finance a biogas power plant.
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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.
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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.
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The $10 billion Texas Energy Fund (TEF) opened its loan program on 1 June with more than 65 applicants submitting proposals totalling 48GW.
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Grupo Energisa has landed financing from the Brazilian development bank BNDES to support its distribution subsidiaries in Brazil.
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Miami-based Atlas Renewable Energy is planning to develop a 304MW wind project in Chile.
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Atlas Renewable Energy has requested a $55 million loan from IDB Invest for its Shangri-La solar project in Colombia.
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Alupar Investimento has landed a pair of transmission projects in an auction held in March by Chile’s National Electrical Coordinator (CEN).
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