North America
-
The Department of Energy (DOE) has awarded $62 million to 20 projects focused on research, development, and deployment of next-generation green hydrogen technology.
-
Pennsylvania state senator Gene Yaw has proposed a bill that would create a development fund based on the $10 billion Texas Energy Fund (TEF) for dispatchable energy to support the state's grid.
-
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.
-
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.
-
SunPower's $45 million asset sale to Complete Solaria has received approval from a US bankruptcy court judge.
-
Oneok has agreed to acquire Global Infrastructure Partners’ (GIP) interests in EnLink Midstream and Medallion Midstream for $5.9 billion.
-
The Bureau of Ocean Energy Management (BOEM) is exploring offshore wind options off the coast of Hawaii and the US territory of Guam.
-
American Electric Power subsidiary Public Service Company of Oklahoma has an agreement with J-Power to acquire a 795MW combined-cycle power generation facility, PFR has learned.
-
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.
-
Maxeon Solar Technologies’ chief financial officer, Kai Strohbecke, will leave the solar manufacturing company 31 August (2024).
-
CPS Energy has signed storage capacity agreements with Eolian for 2 Texas battery storage projects totalling 350MW/1,400MWh.
-
EDF Renewables North America has closed on the initial phase of the sale of 50% of its Desert Quartzite solar-plus-storage project in Riverside, California.
-
Nikola Corporation, the sustainable transportation and infrastructure solutions provider, has appointed Thomas Schmitt as its chief commercial officer.
-
TCW Group has closed on the sale of its 19.64% stake in the Homer City Generation project to funds managed by distressed asset-focused investor Knighthead Capital Management, PFR has learned.
-
National Storage Affiliates Trust (NSA) and Solar Landscape have teamed up to develop at least 100MW of solar capacity.
-
Nu:ionic Technologies and HybriGenix Futures have signed a memorandum of understanding (MoU) to develop a clean power and hydrogen facility in Edmonton, Alberta.
-
Invenergy and Lafayette Square-owned joint venture, Reactivate, has hired Corey Stein as executive vice president of finance.
-
Alternus Clean Energy subsidiary ALT US 01 has hit a possibly indefinite delay in its agreement to acquire 100% of the membership interests in Japanese Taiyo Green Energy’s portfolio of US solar parks.
-
Industrial gases and engineering company Linde has agreed to invest $2 billion in a clean hydrogen project in Alberta, Canada.
-
US-based LS Power has reached final close on its fifth power and energy fund at $2.7 billion, above a $2.5 billion target.
-
Talen Energy Corporation has received its final $300 million payment from Amazon Web Services in connection with the sale of its Pennsylvania-based Cumulus Data Centre.
-
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.
-
Evergy, the Kansas and Missouri utility company, has hired W. Bryan Buckler as the company’s executive vice president and chief financial officer, effective October 1, 2024.
-
Meyer Burger has halted plans to develop a solar cell production facility in Colorado Springs, Colorado and announced restructuring measures.
-
Sage Geosystems has partnered with Meta to develop 150MW of geothermal energy projects to support Meta’s new data centre projects in the eastern US.
-
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.
-
Bioenergy Devco, a waste-to-energy developer, has hired Michael Woodward as president and Dain Santarelli as chief operating officer.
-
Allete shareholders have approved the company’s pending transaction to the Canada Pension Plan Investment Board (CPPIB) and Global Infrastructure Partners for $6.2 billion.
-
The California Public Utilities Commission (CPUC) has approved a decision that instructs the Department of Water Resources (DWR) to procure up to 10.6GW power.
-
Offshore wind port infrastructure developer Clean Energy Terminals (CET) has hired Sloane Perras as its chief legal officer.
-
Georgia electricity cooperative Oglethorpe Power has closed on its acquisition of the Walton County Power Plant from Carlyle affiliate Mackinaw Power, PFR has learned.
-
Green hydrogen developer Victory Clean Energy has signed a $100 million deal to use green hydrogen production technology of Proton Power.
-
BW Solar has closed on the sale of a 12-project New York community solar portfolio totalling 76.7MW to solar and battery storage developer Catalyze.
-
Biofuels producer and developer FutureFuel has hired former DSM executive Roeland Polet as its chief executive, effective 3 September 2024.
-
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.
-
Bernhard Capital Partners’ acquisition of Entergy's Louisiana gas systems has been approved by the Louisiana Public Service Commission.
-
American food manufacturing giant Nestlé is to purchase the renewable energy attributes from Enel North America’s Stampede solar-plus-storage project, as well as fund the project as the sole tax equity investor.
-
Sustainable infrastructure investment manager Generate Capital has closed a $64 million investment from KeyState Renewables for community solar in New York.
-
Swift Current Energy has closed on a tax equity investment from Google for its 800MW Double Black Diamond Solar project in southern Illinois.
-
Scout Clean Energy has hired Kris Cheney as chief development officer. Prior to this role Cheney spent 15 years at EDP Renewables North America.
-
US-based community solar company Nexamp has teamed up with Trajectory Energy Partners to acquire a 7MW solar portfolio in Illinois.
-
Entergy Arkansas is to make its final $20 million payment to Invenergy as its acquisition of the developer’s 100MW Walnut Bend Solar project nears close.
-
Boralex has closed a $95 million financing for the 52MW Témiscouata II wind farm in Quebec.
-
Guzman Energy, a wholesale power provider in the US, has made changes to its leadership, bringing in industry veteran John Foster as executive chair and Michael Ott as chief financial officer.
-
Energix Renewables has signed a long-term agreement with Google that will see the technology giant offtake power and renewable energy credits (REC) from solar projects.
-
Arevon Energy has signed its third environmental attributes purchase agreement with technology giant Meta.
-
Solar and storage developer MN8 is purchasing a solar portfolio sited in the northeastern US from international power business Vitol, PFR has learned.
-
Competitive Power Ventures (CPV) Group will sell 33% of its affiliate CPV Renewable Power to real assets-focused investment management firm Harrison Street for $300 million, PFR understands.
-
Madison Gas & Electric (MGE) is acquiring 176MW solar and battery energy storage system (BESS) capacity for an estimated $351 million, PFR has learned.
-
Houston-based Alpha Omega Power, the utility-scale battery storage developer, owner, and operator, has hired Luke Shillington as chief development officer.
-
Asian private investment firm PAG has subscribed to $200 million in aggregate principal amount of convertible notes issued by Canadian Solar.
-
Eversouce Energy’s Huntsbrook Offshore Wind (OSW) Hub project has been awarded a Department of Energy (DOE) grant of $89 million.
-
Distributed clean energy company Onyx Renewables has hired former Scout Clean Energy executive Eileen Stone as senior vice president (SVP) of M&A.
-
CenterPoint Energy has issued an all-source request for proposals (RFP) for power projects in order to meet the energy needs of its 150,000 electric customers in southwestern Indiana.
-
Middle-market infrastructure investment firm NOVA Infrastructure has completed the purchase of community solar and battery storage business UGE International.
-
esVolta has hired Justin Johns, formerly the chief financial officer of Shell's SouthCoast Wind Energy offshore wind joint venture, as senior vice president and CFO.
-
California-based Natron Energy plans to develop a $1.4 billion utility-scale battery manufacturing plant in North Carolina.
-
Technology giant Meta plans to use long-term virtual power purchase agreements (VPPA) with RWE to offset energy from its MISO-sited data centres, PFR has learned.
-
TC Energy Corporation and an Énergir subsidiary partner have completed the sale of the Portland Natural Gas Transmission System (PNGTS) to BlackRock and investment funds managed by Morgan Stanley Infrastructure Partners (MSIP).
-
Renewable energy company Ormat Technologies has signed a pair of 7-year tolling agreements with Equilibrium Energy for its battery energy storage (BESS) facilities in Texas.
-
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.
-
Greenbacker Renewable Energy has acquired the 685.2MW Cider solar farm for an estimated purchase price of $54.3 million from Hecate Energy, PFR has learned.
-
Renewable operator and developer Deriva Energy has hired John Clapp, the former chief financial officer of Scout Clean Energy, as its chief executive.
-
Avangrid has executed its second short-term virtual power purchase agreement (VPPA) with Statkraft for a 35MW wind farm in Pennsylvania.
-
Danish energy giant Ørsted reported $575 million in impairment losses during Q2 2024, partially caused by the construction of its 704MW Revolution Wind project and the cancellation of New Jersey Ocean Wind projects.
-
Winston & Strawn has added energy-focused lawyers Kevin Brophy and Ming Lei as partners to the firm’s Houston office and as members of the transactions department.
-
US solar manufacturing company Ebon Solar has announced its plan to develop a nearly $1 billion PV manufacturing plant in Albuquerque, New Mexico.
-
Avangrid Renewables has entered a sale-leaseback deal with Huntington National Bank for the Wasco County, Oregon-sited 140MW Daybreak Solar facility and its associated transmission assets, PFR has learned.
-
Equinor and Dominion have been named the provisional winners of the Central Atlantic offshore wind lease area tender, totalling $93 million.
-
Enlight Renewable Energy subsidiary Clenera has closed its sale-leaseback agreement for the 300MW Atrisco battery energy project with the City of Rio Rancho, New Mexico, PFR has learned.
-
RWE has executed long-term power purchase agreements (PPAs) with Meta for solar farms in Illinois and Louisiana.
-
North American energy development, investment and operating company LS Power has established an independent power producer named Lightning Power.
-
CDPQ has invested $158 million with professional services firm WSP Global to fund its acquisition of US energy consulting firm POWER Engineers.
-
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.
-
Sage Geosystems has entered into a land use agreement with San Miguel Electric Cooperative (SMECI) for its first-of-a-kind Geopressured Geothermal System (GGS) project in Texas.
-
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.
-
Fortis-owned Tuscon Electric Power Company (TEP) of Arizona has offered $400 million in 5.2% senior notes due 2034.
-
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.
-
Marubeni Power Corporation will sell its 25% stake in a 775MW Maryland gas-fired combined cycle plant to OPC Energy, PFR has learned.
-
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.
-
LS Power has agreed to acquire the renewable energy business of Algonquin Power & Utilities for a total consideration of up to $2.5 billion, excluding debt.
-
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.
-
Manulife Investment Management has invested $250 million into Hunt Energy Network to develop and operate dispatchable power resources in ERCOT.
-
Leonid Capital Partners, a credit investment manager, has provided a $12 million revolving line of credit to nuclear waste-to-energy developer Zeno Power.
-
Radial Power has agreed to acquire 4 community solar projects totalling 22.3MW from Galehead Development.
-
Southeast PowerGen has closed on sale of its MPC Generating and Sandersville gas-fired sites to Gulf Pacific Power, PFR has learned.
-
Pivot Energy and Microsoft have created a 5-year partnership to develop 500MWac of community solar projects across the US.
-
Standard Chartered has invested $235 million in a Texas solar modular factory being developed by global renewable company Trinasolar.
-
Ares Management is selling the St Joseph Energy Center a greenfield natural gas-fired combined-cycle power plant in New Carlisle, Indiana, PFR has learned.
-
JERA Nex has purchased Lightsource BP’s 395MWac portfolio of Arkansas and Louisiana solar projects as it makes its debut in the US renewables market.
-
Greenbacker Capital Management has invested in newly formed 3V Infrastructure, a US-based EV charging infrastructure owner and operator.
-
Origis Energy has inked a $71 million tax equity financing from US Bancorp Impact Finance for its Rice Creek Solar project in Florida.
-
Bernhard Capital Partners (BCP) yesterday (5 August) agreed to acquire New Mexico Gas Company (NMGC) from Emera in a deal worth $1.25 billion.
-
The US Federal Energy Regulatory Commission (FERC) has approved UK private equity firm Bridgepoint's 19.9% acquisition of New Jersey-based Energy Capital Partners (ECP).
-
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.
-
rPlus Energies has hired the former senior VP of capital markets at Clearway Energy Group, Natalie Jackson, as CFO.
-
J-Power is selling its stake in the Tenaska Virginia Generating Station, PFR has learned.
-
SunPower, once a giant in US residential solar technology and energy services, has filed for bankruptcy following months of financial difficulties.
-
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).
-
National Grid has hired Sally Librera as president of its New York business and member of the company’s executive committee.
-
OCI Global has agreed to sell its Beaumont, Texas-based clean ammonia project to Woodside Energy for $2.35 billion.
-
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.
-
EDP Renewables North America has secured a sale-leaseback transaction with the City of Blytheville, Arkansas for a solar project and its associated interconnection equipment, PFR understands.
-
Carlyle has agreed to sell Cogentrix Energy, a US independent power producer, to Quantum Capital for around $3 billion.
-
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.
-
Tax advisory firm Foss & Co has hired Kevin Haley, the former head of tax credit capital at Reunion, as its national sales manager.
-
Hull Street Energy has agreed to acquire 4 New York thermal power plants from J-Power USA.
-
OCI Energy has sold a 260MW Texas-based solar project to Hyundai Engineering as the pair enter a Memorandum of Understanding (MoU) for future collaboration on renewable energy development.
-
The Appalachian Hydrogen Hub (ARCH2) has received its first tranche of financing from the Department of Energy (DOE).
-
JetBlue has signed a 12-month agreement to acquire sustainable aviation fuel (SAF) from Diamond Green Diesel (DGD).
-
The infrastructure arm of Goldman Sachs Alternatives has made a $440 million investment into US renewable energy platform BrightNight.
-
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.
-
KKR has closed on its acquisition of a majority equity interest in Avantus, a US-based developer of utility-scale solar and solar-plus-storage projects.
-
-
The PJM grid operator received dramatically higher prices in its 2025/2026 power market auction, indicating how decreased power supply is causing reliability concerns.
-
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.
-
Green hydrogen company Plug Power has hired Dean Fullerton as chief operating officer.
-
The City of Great Falls, Montana, has selected Guzman Energy in its public request for proposals for a wholesale power partner.
-
Global Infrastructure Partners (GIP) portfolio company Eolian has closed a $390 million financing facility for a portfolio of renewable energy assets across the US.
-
DE Shaw Renewable Investments (DESRI) has closed on the sale of transmission assets associated with the Arroyo Solar Project to the Public Service Company of New Mexico (PNM), PFR has learned.
-
EDF Renewables North America is selling 50% of its Desert Quartzite solar-plus-storage project to Power Corporation of Canada subsidiary Power Sustainable, PFR has learned.
-
Joseph Luca, vice president of infrastructure and power finance at Nomura, has joined Apollo-backed Apterra Infrastructure Capital, PFR has learned.
-
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.
-
The Nuclear Company, a utility-scale nuclear developer, has appointed Joe Klecha as chief nuclear officer.
-
The energy transition in the US has been turbo-charged in recent years by sweeping federal government tax reform and state-level emissions targets. Despite the gigawatts of renewables being built across the nation, getting power connected to load markets remains a problem – transmission infrastructure is the hold up.
-
The Bureau of Ocean Energy Management has released its final environmental impact (EIS) statement for US Wind’s proposed Maryland Offshore Wind Project.
-
ArcLight Infrastructure Partners has launched the renewables-focused investment platform SkyVest Renewables, providing $500 million in capital commitment.
-
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.
-
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.
-
US-based Mammoth Energy subsidiary Cobra Acquisitions is to receive $188.4 million in settlement proceeds from the Puerto Rico Electric Power Authority (PREPA) and the Financial Oversight and Management Board for Puerto Rico (FOMB).
-
CarbonCapture and WL Gore & Associates have partnered to advance direct atmospheric carbon dioxide removal technology in a multi-year project.
-
RNG platform Viridi has inked a 20-year offtake agreement with Énergir, a Quebec-based diversified energy business, from its waste-to-energy projects in Maine, Wisconsin, and New Hampshire.
-
Honda subsidiary Honda R&D has entered into a joint development agreement with solar hydrogen production business SunHydrogen.
-
Great Bay Renewables has provided Nova Clean Energy with an additional $40 million loan to advance its 6.5GW of wind, solar, and battery projects across North America.
-
Spanish oil company Repsol is in early conversations to acquire the remaining 60% of US renewables developer Hecate Energy.
-
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.
-
The $300 million business combination between One Power Company and special purpose acquisition company (SPAC) Tortoise Ecofin Acquisition Corp. III has been halted, resulting in SPAC company de-listing on the New York Stock Exchange (NYSE).
-
Clearway Energy Group has signed a 25-year power purchase agreement with Puget Sound Energy (PSE) for its 315MW Montana wind farm.
-
Community solar provider Nexamp has partnered with Starbucks to deploy 40MW of solar projects in Illinois.
-
Sustainable aviation fuel (SAF) company LanzaJet has received a strategic investment from Airbus, adding the aircraft manufacturer to its latest growth equity funding round.
-
Fortescue Future Industries (FFI) has closed its acquisition of the Phoenix Hydrogen Hub (PHH) from Coolidge, Arizona-based transportation, energy supply, and infrastructure business Nikola Corporation, PFR has learned.
-
New Fortress Energy has closed a $700 million loan for its FLNG unit 2 in Mexico.
-
Ormat Technologies has executed a 15-year Resource Adequacy Purchase and Sale Agreement (RA Agreement) with the city of Riverside, California, to provide 80MW/320MWh of battery storage through it Shirk BESS project.
-
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.
-
Former Winston & Strawn partner Mark Christy has joined Orrick as a renewables tax equity and credit specialist in the Chicago office.
-
AEP subsidiaries Public Services of Oklahoma (PSO) and Southwestern Electric Power Company (SWEPCO) have jointly transferred 100% ownership of the $12 million Dover Substation to the Western Farmer’s Electric Cooperative (WFEC), PFR has learned.
-
Renewables business Primary Energy has closed its $178 million platform refinancing led by Apterra Infrastructure Capital, PFR has learned.
-
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.
-
London Economics International is overseeing the sales process of 7 hydro plants sited throughout New York and New Hampshire for a northeast US-based renewables developer.
-
ION Clean Energy has launched headquarters in Boulder, Colorado, and expanded its leadership team.
-
Power transition and infrastructure-focused real assets investment firm, Elda River Capital Management, has joined battery storage developer Spearmint Energy’s $200 million credit facility.
-
Tenaska will sell its 229MW Berkshire Combined Cycle Power Plant in Massachusetts to investment firm Gate City Power (GCP), PFR has learned.
-
Cowboy Clean Fuels (CCF) has closed a $13 million series B financing led by Machan Investments to support its renewable natural gas production technology.
-
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.
-
Utility-scale energy storage developer GridStor has closed its acquisition of the Galveston, Texas-based Evelyn Battery Energy Storage project from Balanced Rock Power, PFR has learned.
-
Herbert Longoni, former director at Crédit Agricole CIB, has joined BBVA as the executive director of project finance for the US and Canada.
-
Macquarie Asset Management’s sale of the entire 940MW Lordstown Energy Center to ArcLight Capital has been held up by the Federal Energy Regulatory Commission (FERC).
-
Dimension Energy has revealed plans to invest $3 billion in solar and storage projects over the next 5 years.
-
Commercial solar development, financing, and management platform Sunrock Distributed Generation has named Claire Broido Johnson as its president and head of origination.
-
ACP Capital Markets has hired former Bank of America managing director Asit Sen as head of its energy transition and industrial decarbonisation team.
-
Backed by several venture firms, The Nuclear Company, plans to build a fleet of nuclear plants throughout the US.
-
Primergy is approaching lenders as it locks in project financing for its 400MW/1600MWh Purple Sage Energy Centre in Nevada, PFR understands.
-
Renewables power developer Apex Clean Energy has closed on the sale of 4 Virginia solar PV projects to Summit Ridge Energy, PFR has learned.
-
Ørsted is looking to sell a portion of the 924MW Sunrise Wind project off New York, PFR has learned.
-
FirstEnergy has closed on the final $1.2 billion part of its $3.5 billion sale of a 30% ownership interest in FirstEnergy Transmission (FET) to Brookfield Super-Core Infrastructure Partners.
-
US Energy Corporation has acquired assets in Montana’s Kevin Dome that will kick-off the company's carbon sequestration efforts as well as producing helium to be sold into the aerospace, semi-conductor, and medical industries.
-
Utility data and community solar developer Arcadia has partnered with Crux to integrate its customers on to the company's tax credit transfer platform.
-
The New York Energy Research and Development Authority has opened the state’s fifth offshore wind solicitation.
-
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.
-
Pacifico Energy has hired Los Angeles-based Leon Persaud as managing director to focus on alternative investments within the renewable energy and sustainable infrastructure sectors.
-
Peak Energy, a US-based energy storage company, has secured $55 million to launch production of its sodium-ion battery technology.
-
North American clean power platform Swift Current Energy has hired Brian Dee as its chief financial officer.
-
LevelTen has finalised a $65 million series D funding led by B Capital in order to branch into new markets, such as clean hydrogen.
-
LS Power has closed on its acquisition of its 810MW natural gas-fired power plant sited in Gettysburg, Pennsylvania from an affiliate of Platinum Equity, PFR has learned.
-
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.
-
Connecticut-based Ash Creek Renewables has hired Len Federico as its managing director of trading at its Houston, Texas, office.
-
Italy-based Redelfi and Elio Energy Group, a North American utility-scale renewable developer, have launched a joint venture to develop 2.4GW of battery storage projects in the US.
-
rPlus Energies has closed a $1 billion construction debt financing for its 400MW/1.6GWh Green River Energy Center project in Utah.
-
EQT Corporation’s $5.45 billion all-stock acquisition of natural gas provider Equitrans Midstream faces legal opposition from numerous Equitrans shareholders, PFR has learned.
-
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.
-
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.
-
Strata Clean Energy has inked a 20-year tolling agreement with Arizona Public Service (APS) for the Justice Energy Storage project in Phoenix, Arizona.
-
The US Federal Trade Commission (FTC) is seeking more information before advancing ConocoPhillips’ $22.5 billion all-stock buy of Marathon Oil.
-
Cryptocurrency datacentre and power generation company Greenidge Generation will expand the power of its 12-acre Mississippi bitcoin mining site to 25MW.
-
NexEra Energy will sell 100% of the class B preferred interest in its clean power subsidiary Nitro Renewables to Blackstone.
-
M&A and tax advisory firm Leo Berwick has launched its infrastructure, renewables and energy transition financial advisory group, led by former Deloitte partner Colin Schmidt.
-
The California Energy Commission (CEC) has adopted a finalised plan for offshore wind development through 2045.
-
Della Xu has joined battery energy storage system (BESS) developer, owner and operator GridStor as its senior manager of M&A.
-
Atlantic Shores, Attentive Energy, and Community Offshore Wind are the 3 bidders in New Jersey’s fourth offshore wind solicitation.
-
EDP Renováveis (EDPR) has signed a 15-year PPA with a large technology company to sell 90% of the energy produced by a 213MW solar project in Fulton Country, Illinois.
-
Blackstone Infrastructure Partners will buy a 30.2% stake in US-based power company Tallgrass Energy Partners from Spanish energy company Enagás for $1.1billion.
-
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.
-
US-based White River Energy has formed a wholly owned spin-out in the United Arab Emirates' finance centre, Abu Dhabi Global Market (ADGM), named White River International (WRI), PFR has learned.
-
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.
-
Renewable energy developer Green Lantern Solar has closed on the sale of 2 fully contracted community solar projects in Maine to Madison Energy Infrastructure.
-
BP’s EV charging business has finalised a partnership with real estate investment trust Simon to develop 75 charging Gigahubs across the US.
-
State governments across the Northeast have signed a memorandum of understanding (MoU) to coordinate interregional transmission planning.
-
Ørsted has closed on its 50% stake in the 924MW offshore Sunrise Wind project from co-developer Eversource Energy.
-
Rockland Capital is to acquire the 54MW Ellwood natural gas power station in California from independent power producer GenOn, PFR has learned.
-
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.
-
Commercial and community solar developer Standard Solar will buy a 4.98MW solar project in Doña Ana County, New Mexico from developer Energy Management, Inc. (EMI).
-
Nomura Securities’ global co-head of investment banking, Jeff McDermott, has left the bank for Energy Impact Partners.
-
Pennybacker Capital Management will acquire a small-scale Miami-based LNG business from New Fortress Energy.
-
US-based solar PV company SolarEdge Technologies has sold an extra $37.2 million in 2.25% convertible senior notes due 2029 to Goldman Sachs & Co.
-
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.
-
Holland Industrial Group will auction off the coal-fired units of the 700MW AB Power Plant in Evansville, Indiana ahead of the plant's conversion into a natural gas asset.
-
Dominion Energy has purchased the Kitty Hawk North Wind offshore lease area from Avangrid for $160 million.
-
Geothermal technology company XGS Energy has acquired Capuano Engineering Company, a geothermal drilling and completion business.
-
SolarBank Corporation has closed its acquisition of Ontario, Canada's solar development and investment business Solar Flow-Through Funds (SFF).
-
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.
-
Lightsource BP has hired former Green Giraffe Advisory managing director Pascal Schoneburg as senior director, structured finance.
-
Arevon Energy has hired Nimmi Kavasery as managing director of project finance at its New York City office.
-
Ameresco is to build a battery energy storage system (BESS) with a 20-year guaranteed capacity of 25MW and 100MWh for the Snohomish County Public Utility District.
-
Denver, Colorado-based Elevation Midstream has merged with Platte River Holdings, a subsidiary of ARB Midstream.
-
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.
-
Battery storage development company Lightshift Energy will transfer a 50% interest in a 3MW Massachusetts energy storage system to Greenbacker Capital Management (GCM), PFR has learned.
-
Canadian Infrastructure Bank has finalised a C$283.5 million (US$208m) loan to two Alberta transmission companies to construct a new transmission line.
-
Zanskar Geothermal & Minerals will acquire the Lightning Dock Geothermal site from Cyrq Energy.
-
Delaware will run a 1.2GW offshore wind solicitation after the state passed the highly-debated Energy Solutions Act of 2024.
-
The Governor of Rhode Island, Daniel McKee, has signed an energy storage act into law, as the state aims to develop 600MW of utility-scale energy storage by 2033.
-
Management firm Riverview Investment Holdings will buy 100% of the interest in subsidiary UGI Development Company from parent UGI Energy Services.
-
New Fortress Energy (NFE) has reached an agreement to sell its liquefaction and storage facility in Miami, Florida to a US middle-market infrastructure fund.
-
Distributed US solar asset owner and operator Spruce Power has hired Richard DiMatteo as senior vice president, head of Spruce Pro.
-
Independent power project investor Tyr Energy has agreed to acquire Siemens Financial Services’ 20% in the natural gas-fired Hickory Run Energy power plant, PFR has learned.
-
Pembina Gas Infrastructure, a joint subsidiary of KKR and Canada's Pembina Pipeline Corporation, will acquire a 50% interest in Whitecap’s 15-07 Kaybob Complex for $420 million.
-
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.
-
California Resources Corporation has closed its $2.1 billion all-stock business combination of Aera Energy.
-
Oglethorpe Power will acquire a 465MW peaking power plant in Georgia from global investment firm The Carlyle Group’s affiliate Mackinaw Power Holdings.
-
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.
-
Timo Hellwig has taken over as the head of KfW IPEX-Bank North America and will lead project financing transactions in the US and Canada.
-
Distributed generation solar developer Spruce Power Holding Corporation secured a $130 million non-recourse debt facility from global investment manager Barings.
-
Apollo Infrastructure-backed Apterra has hired Ashish Gupta as managing director of its core infrastructure business, effective immediately.
-
-
Gore Street Capital will transfer ownership of its 400MWh California-sited BESS site to Imperial Irrigation District (IID).
-
Clean fuels technology company Aether Fuels has secured $34 million in Series A financing from a syndicate of global investors.
-
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.
-
California-based asset management firm TCW Group will divest its 19.64% ownership of Pennsylvania’s Homer City Generation to funds managed by distressed asset-focused investor Knighthead Capital Management, PFR has learned.
-
-
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.
-
Law firm Barclay Damon has opened a power and energy construction practice area following a merger with Washington DC–based Shapiro, Lifschitz & Schram (SLS).
-
Voltera, a developer, owner, and operator of charging infrastructure for EV fleets, has hired Sylvia Hendron as the company’s first chief development officer.
-
Axium Infrastructure’s Coachella subsidiary has closed on the sale of its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
-
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.
-
US-based bitcoin mining company CleanSpark has merged with data centre company GRIID in an $155 million all-stock transaction.
-
American Electric Power (AEP) has hired William Fehrman as president and chief executive, effective 1 August (2024).
-
Community solar provider Ampion Renewable Energy has partnered with fast food chain Wendy’s to help source renewable energy for the company’s restaurants.
-
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.
-
Salt River Project (SRP) has issued a request for proposals for long duration energy storage with a capacity of 5MW to 50MW and a duration of 10 hours in Arizona.
-
Mitsubishi Heavy Industries and Export Development Canada are some of the latest investors in a $31 million Series A2 financing for energy storage company e-Zinc.
-
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.
-
Low-emission fuels producer ClearSky Global has inked a $168 million investment from a private ESG-focused investment group.
-
Belltown Power has put an 850MW battery energy storage (BESS) portfolio in Texas up for sale.
-
British Columbia-based Cedar LNG, a partnership between Pembina Pipeline and the Haisla Nation, has reached final investment decision.
-
Norway’s NorSun is investing $620 million in a 5GW solar manufacturing facility in Oklahoma, its first US-based factory.
-
MUFG has joined several other major investors in sustainable aviation fuel producer LanzaJet’s $100 million growth equity funding round.
-
Kimmeridge subsidiary Kimmeridge Texas Gas has closed on its follow-on control investment in Commonwealth LNG and hired David Lawler as chief executive to lead the venture.
-
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.
-
8 Rivers Capital, the decarbonisation technology developer, has hired Asheley Kinsey as the company’s chief financial officer.
-
Cerberus Capital Management has invested $315.5 million in Eos Energy Enterprises, a manufacturer of zinc-based long duration energy storage systems.
-
Hannon Armstrong Sustainable Infrastructure Capital (HASI) has priced its private offering of $700 million in aggregate principal amount of 6.375% green senior unsecured notes due 2034.
-
Fervo Energy has signed 2 geothermal PPAs totalling 320MW with Southern California Edison (SCE), one of the US’s largest utilities.
-
Carbon capture start-up Heirloom Carbon Technologies is set to develop 2 direct air capture (DAC) facilities in Port of Caddo-Bossier, Louisiana.
-
EverGen Infrastructure through subsidiary Fraser Valley Biogas has entered into a 20-year agreement with FortisBC Energy for the supply of renewable natural gas.
-
Jupiter Power's partnership with local power provider Consumers Energy is to acquire 100MW of battery energy storage in Coldwater, Michigan.
-
Commercial-scale clean electricity provider Altus Power is to acquire an 8.5MW solar array sited in New Jersey.
-
Air Liquide has signed an agreement to support ExxonMobil's production of low-carbon hydrogen and ammonia at its Baytown, Texas, facility.
-
Nuclear Fuels has appointed Gregory Huffman as chief executive officer, president and director, effective immediately.
-
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.
-
Philadelphia-based Doral Renewables has secured a $400 million minority equity investment from Netherlands pension APG, a subsidiary of ABP.
-
A stalled bill to extend tax breaks for data centres in Michigan has been touted as the bellwether for a co-generation comeback.
-
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.
-
The New York State Energy Research Development Authority (NYSERDA) has launched its 8th annual request for proposals for onshore, large-scale renewable energy projects.
-
CleanSpark’s subsidiary CSRE Properties Sandersville is acquiring 5 bitcoin mining data centers in Georgia for $25 million.
-
The Pacific Northwest Hydrogen Association (PNWH2) has hired Chris Green as its first president.
-
The UK's Octopus Energy Group has continued to push into North America with the hire of Nick Chaset as executive vice president.
-
Catalyst Power is to buy New-York based electricity and natural gas supplier Robison Energy from V3 Commodities Group.
-
Several large energy developers have become investors in tax credit transfer platform Crux Climate through a $18.2 million Series A funding round.
-
Charles River Associates, the financial and management consultants, has expanded its US energy practice by hiring Christine Oumansour as vice president.
-
energyRE has signed a pair of 15-year PPAs to provide solar power to US Department of Defense facilities in the southeastern US.
-
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.
-
Adapature Renewables has signed a 15-year PPA for a 67MW solar facility in Hunt County, Texas with a Fortune 50 offtaker.
-
North American solar developer SunEnergy1 will sell a 105MW solar PV portfolio to funds managed by renewables infrastructure private equity firm True Green Capital, PFR has learned.
-
Independent Canadian fuel distributor and retailer Parkland Corporation is seeking a buyer for its platform.
-
UK electricity provider Octopus Energy has made its first US renewables investment with the acquisition of a pair of solar projects from Vesper Energy.
-
Intrepid Investment Management and Meritz Securities have teamed up to pursue credit investments in the North American energy sector.
-
Pattern Energy has signed a 30-year PPA with Hydro-Québec for its 150MW Broughton Wind project, located in Québec.
-
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.
-
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.
-
Tax advisory firm Leo Berwick has hired Colin Schmidt as of the firm's infrastructure, renewables, and energy transition financial group.
-
Strategic Value Partners (SVP) and EverGen Power have launched a partnership to invest in North American natural gas generation.
-
Middle-market infrastructure investor Tiger Infrastructure Partners is to acquire fully-integrated energy-as-a-service platform Unison Energy.
-
Google and NV Energy have formed a partnership to supply the tech giant's Nevada data centres with advanced geothermal electricity.
-
Blackstone-owned energy storage business Aypa Power is set to close a $650 million pre-Notice to Proceed development facility, PFR has learned.
-
Create Energy and RECOM Technologies have formed a joint venture to develop a 5GW solar PV manufacturing plant in Tennessee.
-
SLB and Aker Carbon Capture have closed their joint venture after Aker sold 80% of its share in Aker Carbon Capture Holding AS (ACCH) to an SLB subsidiary.
-
Washington-based Puget Sound Energy (PSE) has closed on the sale of its $800 million schedule A and B senior notes.
-
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.
-
American Electric Power (AEP) has begun seeking Federal Energy Regulatory Commission (FERC) approval on its $315 million sale of distributed energy business AEP OnSite Partners to funds managed by Basalt Infrastructure Partners (BIP).
-
NextDecade has signed a 20-year sale and purchase agreement (SPA) with Aramco to supply LNG from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas.
-
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.
-
Baker Donelson has hired Stephen Luttrell in the firm’s corporate group, based in Baltimore, Maryland.
-
NRG Energy has submitted 3 loan proposals to the Texas Energy Fund (TEF) for 1.6GW of natural gas-powered ERCOT projects.
-
Japanese corporate Itochu has made the first investment from its North America renewables-focused fund Overland Capital Partners.
-
EDP Renewables North America has secured the rights to sell energy, capacity and ancillary services from its Edgeware BESS battery storage facility in Ontario.
-
Export Development Canada (EDC) has led a $136 million equity financing for FLO, a North American EV charging hardware and software provider.
-
Swift Solar has closed a $27 million Series A financing round led by Eni and Fontinalis Partners for advanced solar panel manufacturing.
-
Alliant's midwestern utility company Wisconsin Power & Light has completed its nearly $127 million sell-down of the West Riverside Energy Center, PFR has learned.
-
PEI Global Partners has hired Eric Berlinger, the former head of US renewables and energy transition at RBC Capital Markets, as the managing director of its investment banking team in New York.
-
EDPR NA Distributed Generation will acquire 4 Illinois community solar projects totalling 20MWac from Renewable Properties.
-
Clean Power Alliance (CPA), the California electricity provider, has issued an RFO for energy generation and storage to meet its portfolio needs and achieve compliance with California Public Utilities Commission (CPUC) procurement orders and resource adequacy requirements.
-
Renewables business Primary Energy has tapped Apterra Infrastructure Capital for the refinancing of its platform, PFR has learned.
-
NextEra Energy has closed on the sale of its 180MW Big Cypress solar PV facility to Crittenden County, Arkansas in a sale-leaseback deal, PFR has learned.
-
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.
-
Con Edison has appointed former Evergy executive Kirkland Andrews as CFO as Robert Hoglund transitions toward retirement.
-
Redeux Energy Partners is to sell a 450MWdc solar portfolio to Pine Gate Renewables.
-
Solaris Energy has appointed Nick Perugini as chief executive while current CEO, Alex Blackmer, will become president.
-
Sunnova Energy International has hired Eric Williams as executive vice president, chief financial officer.
-
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.
-
The Canada Pension Plan Investment Board (CPPIB) has named 3 regional heads to cover Europe and North America for its sustainable energies team.
-
BHE Renewables, a subsidiary of Berkshire Hathaway Energy, has signed a pair of 20-year power purchase agreements (PPA) with the Clean Power Alliance (CPA) for solar-plus-storage projects in California.
-
Independent power producer Silicon Ranch will enter 3 sale-leaseback transactions for 704MW of solar photovoltaic projects in Georgia and Kentucky, PFR has learned.
-
Tri-State Generation and Transmission Association (Tri-state) will purchase 2 Colorado-based solar projects from JUWI.
-
Arevia Power has signed a power purchase agreement with NV Energy for its 700MW/2.8GWh Libra Solar project in Nevada.
-
Entergy and NextEra Energy Resources have partnered to develop up to 4.5GW of solar and storage projects over the next 5 years.
-
Nexus PMG has made an investment in renewable fuels company Saola Energy.
-
Lotus Infrastructure Partner has closed its acquisition of PNE USA, with the developer rebranded as Allium Renewable 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.
-
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.
-
Louisiana power company Cleco Corporate Holdings has closed on the $600 million sale of its unregulated electric utility business, Cleco Cajun, to private equity firm Atlas Holdings, PFR has learned.
-
Goldman Sachs has hired a vice president for its energy tax investing group in New York City.
-
Brookfield Infrastructure Partners is selling its Canadian gas gathering and processing business, NorthRiver Midstream, to unlisted infrastructure business Kiara Infrastructure Private Limited, PFR has learned.
-
Black Mountain Energy Storage has put up a late stage 1070MW/2140MWh battery energy storage system (BESS) portfolio up for sale.
-
Energy Renewal Partners (ERP) has received an investment from lower middle market-focused private equity firm Rockwood Equity Partners.
-
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.
-
Midstream natural gas company Kinetik has closed on the sale of a 16% equity interest in the Gulf Coast Express pipeline (GCX) to an ArcLight Capital Partners affiliate.
-
Avangrid has signed a power purchase agreement (PPA) with CPS Energy for 161MW of the Peñascal I wind farm in Kenedy County, Texas.
-
JERA, Japan's prominent power and LNG entity, has agreed to sell down its interest in the Freeport LNG project to Japan Petroleum Exploration Co (JAPEX).
-
Equinor and Ørsted have secured final purchase and sale agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA) for 2 offshore wind projects, totalling 1.734GW.
-
Leeward Renewable Energy (LRE) has signed a 15-year resource adequacy agreement with Pacific Gas & Electric Company for its 112.5MW Sierra Pinta Energy Storage Project in Arizona.
-
Canadian power provider Hydro One has hired Harry Taylor as executive vice president and chief financial and regulatory officer, effective 10 June (2024).
-
Turlock Irrigation District (TID) has issued a request for proposals to offtake renewable energy and storage in California.
-
Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s Questar Gas and Wexpro assets for around $4.3 billion.
-
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.
-
Hydro-Québec has revealed plans to add 10GW of wind generation over the next decade, including several First Nations-owned 1GW-sized projects.
-
BlackRock has closed its $500 million preferred equity investment in Canadian Solar subsidiary, Recurrent Energy, which represents a 20% stake in the solar and energy storage developer.
-
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).
-
The Minnesota Public Utilities Commission (MPUC) has approved Otter Tail Power's long-term electric generation and investment plan after the utility agreed to exit the Coyote Station coal plant by 2031.
-
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.
-
The investment team behind the Aegon Climate Capital strategy at Aegon Asset Management has launched CurvePoint Capital, an independent firm dedicated to advancing climate finance.
-
EDPR NA DG's head of capital markets, Sam Egendorf, has left his role at the firm.
-
Duke Energy has signed memoranda of understanding (MoUs) with Amazon, Google, Microsoft and Nucor to develop power contract terms with electric utilities in North Carolina and South Carolina, with the goal of lowering the cost of building new nuclear technologies and batteries.
-
Clean Energy Fuels has signed an agreement to provide Cemex with 300,000 gallons of renewable natural gas annually.
-
Real assets investment management firm Versus Capital Advisors has hired Alicia Chen as director of investments.
-
One Energy Enterprises has sold additional shares of its Series A convertible preferred stock, bringing the company’s fundraising to more than $35 million.
-
Distributed solar and battery development growth platform Apricus Generation has agreed to acquire a controlling interest in Toronto-based Nexus Renewables.
-
Global investment firm KKR will acquire Canadian energy and services company Emera’s equity interest in the Labrador Island Link (LIL) transmission site.
-
US energy storage solutions provider Torus has been contracted to provide Gardner Group with nearly 26MWh of energy storage capacity across part of the group’s commercial real estate assets.
-
NOVA Infrastructure is acquiring listed solar and storage developer UGE International in a deal that values the company at C$72 million.
-
Danish energy giant Ørsted has agreed to pay New Jersey and its Board of Public Utilities (NJBPU) $125 million to settle claims made against its decision to cancel offshore wind projects Ocean Wind 1 and 2 in late 2023.
-
Homecoming Capital has invested $50 million in Clean Energy Terminals (CET) which is developing offshore wind port infrastructure projects on the east and west coasts in the US.
-
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.
-
Energy Capital Partners (ECP) has reached final close on its fifth flagship fund, raising $4.4 billion with $2.3 billion in co-investment capital.
-
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.
-
WEC Energy is set to acquire a 90% stake in Invenergy's 298MW Maple Flats solar, PFR has learned.
-
Portland General Electric (PGE) has signed a non-binding memorandum of understanding (MoU) to acquire a 20% stake in the 3GW North Plains Connector transmission line, developed by Grid United and Allete.
-
Ferrovial Energy has invested $72 million in a 257MWdc solar plant in Leon County, Texas.
-
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.
-
The California Independent Systems Operator (CAISO) has approved 2 major transmission initiatives for the state: 26 projects to help support the state's offshore wind capacity and Pattern Energy's SunZia Project tie-in to the state's grid.
-
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.
-
Pine Gate Renewables has finalised an agreement to provide Meta with the renewable attributes from a 200MW solar project in Texas.
-
Amazon has entered into a power purchase agreement to offtake the entire capacity of the 150MW Fox Squirrel solar phase 1 plant, in Ohio.
-
Sunrock Distributed Generation, a commercial solar and distributed generation developer and asset manager, has hired Alan Robertson as head of development.
-
Private equity firm Cresta Fund Management has made a controlling investment in Ocean Pacific, a company that develops compressed natural gas (CNG) and alternative fuel stations.
-
Microsoft has signed a 15-year power purchase agreement with RWE to offtake power from 2 onshore wind farms in Texas with a 446MW total capacity.
-
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.
-
An Entergy subsidiary has received approval from the Louisiana Public Service Commission (LPSC) to add 3GW of solar generation to its portfolio.
-
Renewables development and repowering company PivotGen has named former GE executive Dennis Ford as its senior vice president (VP) of operations.
-
The $53 billion merger between oil and natural gas giant Chevron and independent energy company Hess faces legal challenges.
-
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.
-
Large-scale, US-based renewables EPC business Signal Energy is up for grabs with the sale process launched last week.
-
Energy-as-a-service provider Redaptive has extended its warehouse facility to $250 million as it looks to grow its solar, HVAC, LED, and other sustainability projects.
-
Geothermal technology company XGS Energy has closed a $20 million Series A financing led by Valo Ventures and VoLo Earth Ventures.
-
Energy storage company Peak Energy will see its co-founder Liam O'Connor take on the chief operating officer (COO) role.
-
Green data centre developer Soluna Holdings has signed a power purchase agreement (PPA) with EDF Renewables and Masdar for its 166MW Project Kati in Texas.
-
QCells' residential solar financing platform EnFin has completed its first asset-backed securities (ABS) transaction totaling $252.86 million.
-
Adapture Renewables has made several additions to its team, including Donald Brown as general counsel.
-
Advantage Capital has hired Steven Lichtin as chief executive and managing director of Advantage Capital Renewables.
-
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.
-
Rockland Capital is to acquire electric power generation and distribution company Lanyard Power from Olympus Power, PFR has learned.
-
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.
-
Renewable developer Green Lantern Solar is selling 8 metered solar projects in Vermont to Sea Oak Capital.
-
Hydro-Québec has signed a power purchase agreement (PPA) for the full capacity of electricity generated by the 300MW Peshu Napeu wind project.
-
Abu Dhabi National Oil Company (ADNOC) has acquired an 11.7% stake in phase 1 of NextDecade’s Rio Grande LNG project.
-
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.
-
Global renewables business RWE Clean Energy has acquired a 599MW portfolio from Galehead Development.
-
Verde Resources and western Australia-headquartered Green Carbon Industries (GCI) have terminated their memorandum of understanding (MoU) to develop US-based biomass facilities, PFR has learned.
-
Origis Energy has secured a $300 million corporate financing facility from KKR to support solar and storage development.
-
Battery storage provider Powin has hired Kirk Fleischhauer as its chief operating officer.
-
Investment firm Carlyle has formed a partnership with Sungage Financial and purchased $450 million in newly issued residential solar loans from the company.
-
Energy giant AES has issued $950 million aggregate notes due 2055 at 7.6% to fund the development or redevelopment of clean power projects.
-
Canadian power company TC Energy is appealing the Delaware Chancery Court ruling to pay $199.2 million in damages as part of an ongoing class action lawsuit related to its 2016 acquisition of Columbia Pipeline.
-
Brookfield Asset Management has added an extra $150 million to its investment in PosiGen, a clean power provider for underserved communities in the US.
-
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.
-
Galehead Development and electric vehicle manufacturer Rivian Automotive signed an agreement to develop solar projects to power Rivian's EV facilities.
-
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).
-
Wisconsin Electric Power Company will issue $350 million 5% debentures due 15 May 2029.
-
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.
-
One Energy and special purpose acquisition company (SPAC) TortoiseEcofin Acquisition Corp III have filed with the Securities & Exchange Commission to merge ahead of being publicly traded as One Power Company.
-
Apex Clean Energy has closed a $150 million financing with First Citizens Bank for 2 battery storage projects in Texas.
-
The Federal Energy Regulatory Commission (FERC) has issued a regional transmission policy ruling, Order #1920, creating new interregional lines to accelerate the interconnection of new renewable energy projects.
-
The US has raised tariffs on a host of imported goods from China, including solar panels, batteries and EVs.
-
Tri-State Transmission has closed on its acquisition of transmission assets from United Power, finalising the split between the electric cooperative and the power distributor, PFR has learned.
-
Clenera has entered into a sale-leaseback agreement for its 300MW Aristco battery energy project with the City of Rio Rancho, New Mexico, PFR has learned.
-
Nuclear fission company Oklo has signed a memorandum of understanding (MoU) with Atomic Alchemy to produce isotopes, necessary for creating and recycling fast reactors.
-
GE Vernova has recommended its shareholders ignore TRC Capital Investment’s mini tender offer of $155 per share for 0.4% of the company's outstanding shares.
-
The New York State Energy Research and Development Authority (NYSERDA) in April cancelled contracts for 4GW of offshore wind projects after GE Vernova "caused material changes" by scrapping its turbine design for the projects.
-
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.
-
Aiga Capital Partners has raised $208 million for its inaugural climate fund, surpassing the halfway mark towards its $400 million target.
-
MUFG has hired the former project finance director of syndications at Crédit Agricole CIB, PFR has learned.
-
Oklahoma-based midstream natural gas company ONEOK will acquire 450 miles of natural gas liquids (NGL) pipeline from Houston, Texas midstream business Easton Energy.
-
Ontario Independent Electricity System Operator (IESO) has awarded offtake contracts to 13 battery storage, natural gas, and biogas projects, totalling 2.19GW — the capacity needed to power Toronto.
-
Midstream natural gas company Kinetik will sell its 16% equity interest in the Gulf Coast Express pipeline (GCX) to an ArcLight Capital Partners affiliate for $540 million in cash.
-
Riley Exploration Permian has closed on its $20.5 million purchase of oil and natural gas properties in Eddy County, New Mexico.
-
Investment and asset management firm Exus Management Partners has hired former Crédit Agricole CIB director as head of project finance for North America.
-
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.
-
Hydropower redeveloper Relevate Power has added 2 executives to its leadership team with Ian Finlay joining as CFO and Antonio Zarrella as VP of engineering and operations.
-
Massachusetts-based Electric Hydrogen has inked a $100 million corporate financing led by HSBC to grow its production of 100MW electrolyser plants.
-
AltC, a special purpose acquisition company (SPAC) run by former OpenAI CEO Sam Altman, has purchased and combined with nuclear technology company Oklo for $306 million.
-
Nautilus Solar Energy and TurningPoint Energy (TPE) have partnered on a 29.3MW portfolio of community solar projects in Illinois.
-
Carey International Group (CIG) has hired Christopher Kane as its chief investment officer as the company grows its US renewables and real estate portfolio.
-
Atlantic Shores and Dominion Energy are facing lawsuits from several non-profit organizations, which claim the companies' offshore wind projects violate environmental protection laws.
-
Former Ørsted executives have merged their independent development companies, Cold Water Renewables and Greenbelt Renewable Energy, to create a utility-scale wind, solar, and storage company.
-
Boston Consulting Group has signed a 5-year contract with World Energy to purchase sustainable aviation fuel certificates (SAFc).
-
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.
-
TPG Rise Climate has agreed to acquire Southern California-based independent renewable fuels and refined products storage business Olympus Terminals.
-
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.
-
Spanish clean energy-focused fund manager Qualitas Energy has closed on its controlling stake in Heelstone Renewable Energy from Ares Management for around $850 million, PFR has learned.
-
KKR and Hannon Armstrong Sustainable Infrastructure Capital (HASI) have partnered on a $2 billion investment vehicle for sustainable infrastructure projects.
-
Southern Company has issued $1.1 billion in convertible senior unsecured notes due 15 June 2027 via a private placement.
-
Atlas Energy Solutions has appointed Blake McCarthy as its chief financial officer, effective 13 May 2024, PFR has learned.
-
Comvest Credit Partners has provided a $70 million senior credit facility to Nationwide Energy Partners (NEP) to pay off debt and develop utility infrastructure projects.
-
Eaton has partnered with Endurant Energy to develop 10 battery storage projects in New York City, totalling 150MWh and an estimated $7 million investment.
-
Connecticut utility Eversource plans to reduce investments in the state by $500 million as it continues its 3-year rate dispute battle with the State's Public Utilities Regulatory Authority (PURA).
-
Zanskar has closed $30 million in a Series B funding round led by Obvious Ventures to scale its AI and data-based platform used for discovering geothermal energy resources.
-
CPS Energy has signed a long-term power purchase agreement (PPA) with Constellation for 200MW of capacity beginning summer 2024.
-
Cemvita green hydrogen spin-out Gold H2 has hired former NextEra executive Prabhdeep Singh Sekhon as its chief executive.
-
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.
-
United Power has closed on the $627million withdrawal payment to Tri-State Generation and Transmission Association, though sale of the transmission assets finalizing the split remains delayed by the Federal Energy Regulatory Commission, PFR has found.
-
The Department of Energy (DOE) has opened the application process for the first round of CO2 transportation infrastructure awards, which totals $200 million.
-
Motor fuel giant Sunoco has closed on its $7.3 billion all-equity acquisition of independent pipeline operator NuStar.
-
Renewables operator ERG has closed on its acquisition of a 75% stake in a 317MW solar and wind portfolio with Apex Clean Energy.
-
Lightshift Energy is set to build up to 50MW of battery storage projects for the Massachusetts Municipal Wholesale Electric Company (MMWEC) grid in a first-of-its-kind program.
-
Southern Power has signed a virtual power purchase agreement (VPPA) with a consortium of 7 companies for the renewable energy credits (RECs) produced by the 180MW Millers Branch Solar Facility Phase II in Haskell County, Texas.
-
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.
-
Great Bay Renewables has appointed Peter Leahey as its chief financial officer and Josh Levine as chief commercial officer.
-
Distributed generation platform Aspen Power will partner with a local developer to acquire and manage a portfolio of 20 community solar projects.
-
Tax credit transfer platform Crux Climate has secured a partnership with the American Clean Power Association (ACP), connecting more than 800 CPA members to its platform.
-
The Bureau of Land Management has opened bidding on 5 lease sales for oil and gas-ready land across the US.
-
Troutman Pepper has hired a renewable energy partner to its Capital Projects and Infrastructure Practice at its Los Angeles office.
-
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.
-
Utility-scale independent power producer Alternus Clean Energy will acquire more than 80MW of operating solar projects in the US from C2 Energy Capital at a value of $60 million.
-
Plus Power has closed a $82 million tax equity investment with Morgan Stanley for its 90MW/360MWh Superstition Energy Storage project in Arizona.
-
Carlyle-backed solar and storage developer Copia Power has hired the former Arevon head of project finance as its managing director and head of capital markets.
-
Brookfield Asset Management – alongside Brookfield Renewable – and Microsoft have signed a global renewable energy framework agreement to meet the technology company’s sustainability goals.
-
Former Fengate Asset Management director Vince Castranovo has been hired by Calpine as vice president, corporate development.
-
ITC Midwest has closed on its acquisition of transmission assets from Iowa's Maqouketa Municipal Electric Utility, PFR has learned.
-
Colorado-based Humble Midstream II Partners has hired Brian Newmarch and John Shefchik as CFO and VP, engineering and construction, respectively.
-
Hitachi Energy has invested more than $100 million alongside Investissement Quebec to upgrade and modernise its power transformer factory in Varennes and other facilities in Montreal.
-
Houston-based independent power producer WattBridge Energy has hired Steven Sneed as commercial director.
-
The New Jersey Board of Utilities (NJBPU) has opened the application process for its fourth offshore wind solicitation, targeting up to 4GW.
-
Georgia Power Company (GPC) has closed on its $317 million transmission line sale to Georgia Transmission Corporation (GTC), PFR has learned.
-
The New York State Energy Research Development Authority (NYSERDA) has awarded conditional agreements to utility-scale onshore renewables projects totalling 2.4GW.
-
WEC Energy Group has agreed to acquire a 90% ownership interest in the 300MW Delilah I Solar Energy Center from Invenergy for $459 million.
-
Altus Power has named Gregg Felton as sole chief executive after Lars Norell resigned as co-CEO and director.
-
The Nordex Group and has appointed Manav Sharma as chief executive, North America to lead the wind turbine maker’s expansion in the US.
-
energyRE has landed a $240 million financing package for its 108MW/198MWh Lone Star Solar-Plus-Storage project in South Carolina.
-
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.
-
Ocean Power Technologies’ corporate controller, treasurer, and principal accounting officer, Joseph DiPietro, has left the company, PFR has learned.
-
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).
-
NextEnergy Capital’s fifth fund has raised $745 million, nearing half of its $1.5 billion target.
-
Pine Gate Renewables has closed a $650 million investment round led by Generate Capital, the Healthcare of Ontario Pension Plan (HOOPP), and HESTA.
-
The US Treasury Department has released the final rules for the transferable tax credits of the Inflation Reduction Act (IRA).
-
Duke Energy has sold an aggregate principal amount of $177.3 million Series A storm recovery bonds to fund transmission repairs caused from major storms, PFR has learned.
-
The Governor's Energy Office of Maine has released a request for information (RFI) regarding the state's first utility-scale offshore wind auction, totalling 3GW.
-
Alternus Clean Energy CFO, Joseph Duey, has resigned effective 30 April 2024, PFR has learned.
-
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.
-
Evergy has closed on the acquisition of a 22.2% stake in the 655MW natural gas-fired Dogwood Energy facility.
-
Axium Infrastructure’s Coachella subsidiary will sell its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
-
Sunpower has closed business units and made layoffs as part of its efforts to secure long-term financial sustainability amid restructuring and refinancing initiatives.
-
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.
-
The Bureau of Ocean Energy Management (BOEM) has issued a 5-year offshore wind leasing schedule that will see 12 offshore wind energy lease sales through 2028.
-
Central Coast Community Energy (3CE), a California community choice aggregator, has issued a request for proposals (RFP) for clean energy and storage power purchase agreements (PPAs).
-
GA Drilling, a deep geothermal company, has closed $15 million in financing from several investors to scale its geothermal technologies.
-
BW Solar has agreed to sell 12 New York community solar projects totalling 76.7MW to solar and battery storage developer Catalyze.
-
Renewable developer Hecate Energy has secured a siting agreement and conditional use permit for its 150MW solar project from Cumberland County, Virginia.
-
The Hyundai Motor Group has signed a 15-year solar power purchase agreement (PPA) with Matrix Renewables.
-
Microsoft's Climate Innovation Fund has invested in sustainable fuels technology business and clean fuels producer LanzaJet.
-
Renewables infrastructure firm True Green Capital Management has partnered with Qcells to install up to 450MW of solar projects across the US.
-
Greenbacker Renewable Energy Company has closed its sale-leaseback deal with Huntington National Bank, securing $437 million to finance the repowering of a 3 asset wind portfolio.
-
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.
-
The University of Dayton and AES Ohio have entered into a power purchase agreement (PPA) for a waste-to-energy project that will provide the University with 100% of its power.
-
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.
-
Southwest Gas has closed on its near $300 million initial public offering (IPO) of subsidiary Centuri Holdings.
-
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.
-
Solar manufacturer Maxeon Solar Technologies has filed another patent infringement lawsuit regarding its PV solar cell technology in Texas.
-
Clifford Chance has hired Joclynn Marsh as counsel in its energy and oil and gas related infrastructure practice.
-
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.
-
The New York State Energy Research and Development Authority (NYSERDA) has closed its 2022 solicitation tender with no final awards given after GE Vernova "caused material changes" by changing its turbine design for the projects.
-
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.
-
Solar manufacturer Maxeon Solar Technologies has filed a patent infringement lawsuit against REC Solar Holdings regarding its PV solar cell technology in Texas.
-
Minority stake sales in renewables platforms are becoming more common as sellers look to “recycle capital’, according to Ammad Faisal, senior managing director, Marathon Capital.
-
Renewable energy executives – speaking at S&P Global Power Markets – are downplaying the political risk of the November US election on the nation’s energy transition.
-
Calibrant Energy has partnered with Ava Community Energy to deploy 75 public EV charging stations across 6 cities in Northern California.
-
An Arizona federal judge has rejected a request by Native American tribes and environmental groups to halt the construction of Pattern Energy's SunZia project.
-
Asset management firm Connor, Clark & Lunn Infrastructure (CC&L) has closed on the acquisition of an 80% stake in the Sharp Hills wind farm from EDP Renewables Canada (EDPR Canada).
-
Engie North America has inked an agreement to develop 12 renewable projects totalling 15GWh to power the facilities of technology and science company RTX.
-
HASI has amended and extended its corporate unsecured credit facility with 14 banks to $1.65 billion, including a revolving line of credit, term loan A, and Green Commercial Paper Note Program (CarbonCount Green CP).
-
Colorado-based renewables company Scout Clean Energy has signed a 12-year virtual power purchase agreement (VPPA) with Zoetis for a 50MW portion of its Heart of Texas wind farm.
-
Atlas SP Partners has backed Energy-as-a-Service company Redaptive with a $225 million warehouse financing facility.
-
BP has made significant shifts in its leadership structure as its head of natural gas and low carbon energy, Anja-Isabel Dotzenrath, steps down.
-
Boeing is buying 9.4 million gallons of blended sustainable aviation fuel (SAF), for its ecoDemonstrator programme and 2024 US commercial operational flights, from Neste as offtake agreements in the sector ramp up.
-
ForeFront Power, a commercial and industrial solar energy and storage developer, has hired Ruben Fontes as chief executive.
-
The technology venture arm of US-based oil & gas producer Chevron has launched a third fund with $500 million in capital.
-
Arevon Energy has inked a long-term tolling agreement with electricity provider MCE for its 250MW Cormorant Energy Storage Project in Daly City, California.
-
Battery storage developer Spearmint Energy has hired four senior executives to its project finance, capital markets, regulatory affairs, and commercial operations teams.
-
PPL Corporation's CEO told the room of power executives at S&P's Global Power Market Conference 2024 that more natural gas power is needed despite a focus on renewables.
-
Madison Energy Infrastructure has acquired the commercial assets, solar development pipeline, and development team of Sun Tribe Solar.
-
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.
-
Lightshift Energy, a utility-scale energy storage developer, has hired Robert Greskowiak as chief commercial officer.
-
Nova Clean Energy has acquired HyFuels, a 1GW mid-to-late-stage wind and solar development that also contains an early-stage green ammonia project on the Texas Gulf coast.
-
SolaREIT has closed $13 million in real estate financings for several NineDot Energy battery energy storage (BESS) projects in New York City.
-
US-based manager Galway Sustainable Capital has made 4 hires across its business following investments from Macquarie Asset Management (MAM) and Aware Super.
-
NextEra Energy has entered into an offtake agreement with wholesale power provider Guzman Energy and local electric cooperative Holy Cross Energy (HCE) for 100% of the capacity of its 200MW Bronco Plains II wind project in Colorado.
-
Arevon Energy has appointed the former co-president of Starwood Infrastructure Finance as its chief investment officer, based in New York.
-
Copenhagen Infrastructure Partners (CIP) has acquired Liberty Renewables and its 1.3GW pipeline of onshore wind projects in New York State.
-
Vinci Group has acquired a minority stake in NatPower SA, a renewable energy developer which operates in Italy, the UK, and the US, in a deal valued at €50 million ($53m).
-
Renewables developers are readying themselves for more supply chain disruption as additional tariffs on China-made panels are under consideration from the US government.
-
Renewable infrastructure firm Schroders Capital has hired Jason Kezelman and Loren Sageser as head of US sales and senior product strategist in its private debt and credit alternatives (PDCA) team, based in California.
-
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.
-
KKR Infrastructure Conglomerate (K-Infra) and its subsidiaries have signed a $150 million revolving credit facility that allows the company to borrow up to $1 billion.
-
Arcadia, a utility data and community solar platform, has closed a $50 million investment round led by a Macquire Asset Management fund to support its community solar program in the US.
-
Renewable energy infrastructure investor Excelsior Energy Capital has signed a long-term agreement with solar manufacturer Heliene to acquire 2GW of PV modules.
-
Oil, gas and NGL company Chord Energy and Canadian O&G giant Enerplus have cleared the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their $11 billion business combination, PFR has found.
-
Energy giant Sunoco has exhausted the required waiting period to satisfy a condition of a $7.3 billion deal to acquire independent pipeline operator NuStar Energy.
-
California Independent System Operator (CAISO) has announced that 2 of the offshore wind-related transmission processes will be part of a May 2024 competitive transmission procurement.
-
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.
-
Verdagy has entered a global strategic agreement to deliver its green hydrogen electrolysis technology to renewables developer Doral in Europe, US, Australia and the Middle East through 2030.
-
Riley Exploration Permian has closed on sale of its 2.1 million shares of common stock, netting the company $25.4 million, PFR has learned.
-
Community solar developer Nexamp has secured a $520 million investment led by Manulife Investment Management to fund its over 2GW project pipeline in the US.
-
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.
-
New Rise Renewables has launched its 3,200 barrel-per-day renewable sustainable aviation fuel (SAF) facility in Nevada.
-
Engie has signed a virtual power purchase agreement (VPPA) with Sonoco, a sustainable packaging company, for 140MW of its 270MW Big Sampson Wind Project, which is under construction in Texas.
-
Latham & Watkins has hired Daniel Sinaiko as a partner in the firm’s project development & finance practice and the energy & infrastructure industry group, based in Los Angeles, California.
-
Renewable energy infrastructure fund manager Excelsior Energy Capital has launched Lydian Energy, an independent power producer (IPP) specialising in the development, construction, and operation of utility-scale solar and battery energy storage projects in North America.
-
Nuclear technology company Oklo has signed a long-term power purchase agreement (PPA) for a 50MW project with major oil producer Diamondback Energy.
-
Enbridge subsidiaries Enbridge Energy Partners and Spectra Energy Partners have closed on their offering of $3.5 billion in senior notes, PFR has learned.
-
ExxonMobil and FuelCell Energy will extend their carbon capture research joint development agreement (JDA), PFR has learned.
-
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.
-
Chesapeake Energy’s $7.4 billion merger with Southwestern Energy has been delayed following a request from the Federal Trade Commission (FTC).
-
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.
-
Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.
-
Lightsource BP has proposed the sale of its Happy and Oxbow solar facilities, PFR has learned.
-
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.
-
Grid-scale battery company Energy Vault has selected Michael Beer as its chief financial officer.
-
Chevron New Energies (CNE) has led a $45 million Series A financing for ION Clean Energy, a carbon capture technology company.
-
Carlyle-backed Copia Power has closed a $300 million corporate credit facility to support its 15GW solar and storage pipeline.
-
Tri-State Generation will replace retiring chief operating officer (COO) Billy Ingold with 2 internal promotions, PFR has learned.
-
TortoiseEcoFin has hired Courtney Gengler as the chief executive of Tortoise's closed-end funds effective 1 April, 2024, PFR has learned.
-
United States Steel (US Steel) and carbon capture technology business CarbonFree have signed an agreement to capture CO2 emissions generated from US Steel’s Gary Works Blast Furnaces.
-
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.
-
Independent natural gas and oil company HighPeak Energy will up its existing $75 million credit agreement to $100 million, PFR has learned.
-
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.
-
Law firm Akin has hired Ian Goldberg, a former Hunton Andrews Kurth energy transactions lawyer, as a partner at its Houston, Texas, office.
-
International capital is heading to US renewables at what many in the space are calling “record breaking” pace.
-
Rockland Power will up its stake in the 237MW Eagle Point Power Generation plant by 13%, PFR has learned.
-
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.
-
Public Services Company of New Mexico (PNM) and its subsidiaries, PNM Resources and Texas-New Mexico Power Company (TNMP), have entered extended 3 revolving credit facilities, PFR has learned.
-
Renewable fuels company Raven SR has closed $15 million in an investment round led by Ascent Funds to grow its production of synthetic fuels, hydrogen, and sustainable aviation fuel (SAF).
-
Renewables focused-asset manager Greenbacker Capital Management (GCM) has expanded its team with the hire of Evan Sherman as head of real estate acquisitions.
-
Natural gas utility Atmos Energy has entered into 2 revolving credit facilities totaling $3 billion, PFR has learned.
-
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.
-
Maxeon Solar Technologies US has appointed Vikas Desai as its chief financial officer in the San Jose, California office.
-
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.
-
Solar and storage developer MN8 has closed a private placement at $325 million from Mercuria Energy Group and Ridgewood Infrastructure to grow its US pipeline of solar, storage, and electric vehicle (EV) charging projects.
-
Enbridge has closed on the sale of its 50% stake in the Alliance Pipeline and its 42.7% stake in Aux Sable to Pembina Pipeline.
-
Renew Energy Partners has completed financing on its fourth investment vehicle, Renew Energy Efficiency Projects 4 (EEP4), and signed a master revolving loan and security agreement with Mitsubishi.
-
Natural gas giant CPS Energy will acquire Talen Energy Corporation’s approximately 1,710MW generation portfolio, including natural gas plants in Corpus Christi and Laredo, Texas.
-
Carbon removals and renewables company Drax Group has entered a CO2 capture deal with Karbon-X.
-
Utility-scale battery storage developer Lightshift has received $100 million in investments from 2 of Greenbacker Capital Management's sustainability and infrastructure-focused investment vehicles.
-
Shell North America has sold its 50% stake in the 2.4GW proposed SouthCoast Wind project with its joint venture partner Ocean Winds North America.
-
Leeward Renewable Energy (LRE) has signed 2 power purchase agreements (PPAs) for 200MW with Microsoft.
-
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.
-
Southeast PowerGen will sell both its 386MW MPC Generating Power Plant and its 692MW Sandersville gas-fired sites to Gulf Pacific Power, PFR has learned.
-
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.
-
Natixis Corporate & Investment Banking has closed a $900 million letter of credit with Invenergy to fund its project development pipeline of utility-scale wind and solar projects, as well as battery storage systems.
-
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.
-
Renewable energy and decarbonisation platform Origis Energy has promoted Vikas Anand to chief executive.
-
EDP Renewables North America (EDPR NA) and superstore megachain Walmart have inked a 15-year power purchase agreement (PPA) for part of a 180MW solar project in Texas.
-
FirstEnergy has closed its $3.5 billion sale of an additional 30% ownership interest in its FirstEnergy Transmission subsidiary to Brookfield Super-Core Infrastructure Partners.
-
Clean power developer Leeward Renewable Energy (LRE) has appointed Nate Graham as chief technology officer.
-
Renewables developer NextEra Energy will sell its 180MW Big Cypress solar photovoltaic facility to Crittenden County, Arkansas in a sale-leaseback deal, PFR has learned.
-
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.
-
Northland Power has begun the search for a chief executive with incumbent, Mike Crawley, set to leave the firm in September.
-
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.
-
SunPower has fallen foul of Nasdaq listing rules amid debt restructuring caused by higher than expected losses in 2023.
-
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.
-
Ørsted continues leadership changes after suffering significant impairments in 2023 from US offshore wind projects with the hire of Rasmus Errboe as deputy chief executive officer and chief commercial officer.
-
Renewable energy developer and producer RIC Energy will sell 7 photovoltaic plants in upstate New York to distributed energy platform Radial Power.
-
Quinbrook Infrastructure Partners portfolio company Primergy Solar has signed a long-term power purchase agreement (PPA) with local utility San Diego Community Power (SDCP) for its 400MW/1.6GWh Purple Sage Energy Center, a solar-plus-storage project.
-
InfraRed Capital Partners has closed its purchase of shares in 2 utility-scale onshore renewables projects from Shell's US subsidiaries, Shell Windenergy and Savion, for $166 million.
-
Cheniere Energy has closed the sale of a $1.5 billion aggregate principal senior notes offering, PFR has learned.
-
Investment firm KKR has acquired a majority stake in utility-scale solar and storage developer Avantus, joining existing investor EIG in a $1 billion investment.
-
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.
-
An Eagle Creek Renewable Energy affiliate has acquired US-based community solar developer and owner Lightstar Renewables.
-
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.
-
Renewable natural gas (RNG) platform Viridi Energy has acquired a legacy biosolids digester plant in Brunswick, Maine.
-
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.
-
EDP Renewables North America has partnered with Volt Energy Utility to develop the 110MW Hickory Solar Park, which has secured an agreement with Microsoft to purchase electricity and renewable credits (RECs).
-
UAE state-owned developer Masdar is set to acquire a 50% stake in US-based independent renewable energy power producer Terra-Gen Power from Energy Capital Partners (ECP).
-
Renewables developer Arevon Energy has entered into a 15-year energy storage service agreement with local utility San Diego Community Power (SDPC) for its Avocet Energy Storage Project.
-
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.
-
Talos Energy will sell its wholly-owned subsidiary Talos Low Carbon Solutions (TLCS) to TotalEnergies E&P USA.
-
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.
-
Partners Group subsidiary Exus North America has closed on its acquisition of onshore wind projects from Dutch commodity trader Vitol and Oppidum Green Energy.
-
Baker Botts has hired a partner to join its energy, projects, and transactions practice of the firm’s global projects department.
-
CapturePoint has sold 100% of the 45Q tax credits generated by carbon dioxide (CO2) capture at its Arkalon CO2 facility near Liberal, Kansas to an unnamed buyer in a 12 year agreement.
-
King & Spalding has hired an energy-focused tax partner for its New York-based corporate practice group.
-
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.
-
Duke Energy has made a series of executive leadership changes as executive president and chief commercial officer Steve Young retires.
-
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.
-
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.
-
Reformed Energy is to receive a strategic investment from Riot Platforms to fully commercialise its waste-to-energy technology.
-
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.
-
Nuclear power plant operator Constellation Energy has offered $900 million in green senior notes due 15 March, 2054, PFR has learned.
-
Residential solar technology and energy business SunPower has hired Tony Garzolini as executive vice president and chief revenue officer (CRO).
-
Sustainable aviation fuel (SAF) producer XCF Global Capital has agreed to combine with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition.
-
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.
-
Atlas Energy Solutions has closed on its $450 million acquisition of Hi-Crush's Permian Basin proppant production assets and North American logistics operations.
-
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.
-
Danish developer Ørsted has agreed to sell its stakes in a 957MW operating wind portfolio in the US to Stonepeak for about $300 million.
-
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.
-
Microgrid and microturbine manufacturer Capstone Green Energy Holdings has hired Vince Canino as its president and chief executive.
-
Renewable real estate investment fund SolaREIT has hired 3 senior vice presidents to its corporate and business development teams amid company expansion.
-
Renewable energy infrastructure investor Excelsior Energy Capital will sell a 38-asset solar and storage portfolio to BlackRock’s Evergreen Infrastructure Partners Fund.
-
Quaise Energy has secured $21 million in series A1 funding led by Purdue Ventures and Safar Partners to expand its deep geothermal energy operations.
-
WEC Energy Group has hired the president and chief operating officer of Northern Indiana Public Service Company (NIPSCO), Michael Hooper as president of WEC’s We Energies and Wisconsin Public Service divisions effective 1 April, 2024.
-
EQT Corporation will acquire natural gas provider Equitrans Midstream Corporation in an all-stock transaction valued at $5.45 billion.
-
Law firm Sheppard, Mullin, Richter, & Hampton has hired tax attorney Julie Marion to the energy, infrastructure, and project finance team as partner in Chicago.
-
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.
-
EnCap Energy Transition Fund (ETF) has launched Bildmore, a platform company that invests in minority tax equity stakes in solar, battery storage, and energy transmission projects.
-
Standard Solar will acquire a 6-project, 18.5MW solar portfolio from Vermont-based developer MHG Solar.
-
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.
-
Renewables developer NextEra Resources is selling its Dunns Bridge II Solar and Storage project to a joint venture managed by utility the North Indiana Public Service Company (NIPSCO) and an unnamed tax equity investor, PFR has learned.
-
Vistra Corporation has closed on the sale of the Richland and Stryker power plants to Rockland Capital, one of the final puzzle pieces in the closing of its $6.3 billion merger with Energy Harbor.
-
Spanish energy giant Repsol has closed on its acquisition of US renewable development company ConnectGen for $768 million.
-
The former co-founder and chief financial officer of OKRA Finance has been appointed as the head of transactions and finance at renewable energy tax credit marketplace Reunion.
-
Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s East Ohio Gas Company (EOG) for $6.6 billion.
-
Houston-based Royd Warren has been appointed as chief operations officer at US-based power plant owner and operator IHI Power Services Corporation (IPSC). He will assume the post on 25 March (2024).
-
Utility-scale battery developer GridStor has acquired a 450MW/900MWh battery energy storage system (BESS) project in Galveston, Texas, from Balanced Rock Power.
-
Spanish utility Iberdrola has submitted a non-binding offer to buy the remaining 18.4% of its US subsidiary Avangrid for $2.5 billion, aimed at taking over the entire company.
-
A consortium of insurance companies has agreed to acquire a 76.5MW biomass-fuelled power plant sited in Berlin, New Hampshire, PFR has learned.
-
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.
-
Energy and commodities-focused lawyer Don Macbean has joined Willkie Farr & Gallagher as a partner in the firm's corporate and financial services department based in New York.
-
Utility-scale solar and energy storage development company Redeux Energy Partners is seeking investors to buy a minority stake as a corporate-level equity capital raise, PFR has learned.
-
rPlus Energies has extended the power purchase agreement (PPA) on its utility-scale Green River Energy Centre with utility PacifiCorp from 400MWh to 1.6GWh.
-
RIC Energy has sold a 20MW solar photovoltaic portfolio to Brookfield-owned Luminace.
-
Alliant Energy’s Wisconsin Utility, the Wisconsin Power and Light Company (WPL), is offering $300 million aggregate principal amount of 5.375% debentures.
-
Community solar and storage developer REC Solar has hired the former chief operating officer of Distributed Solar Development (DSD) as chief executive.
-
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.
-
Private equity firm Bridgepoint's proposed $1.1billion acquisition of energy-focused investment manager Energy Capital Partners (ECP) has been halted by the Federal Energy Regulatory Commission (FERC) over competition concerns.
-
Arevon Energy has signed 2 long-term environmental attributes purchase agreements (EAPAs) with Meta for its 349MW Kelso Solar Project in Missouri.
-
TC Energy and partner Northern New England Investment Company are to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock and investment funds managed by Morgan Stanley Infrastructure Partners (MSIP).
-
Canadian power company TransAlta has signed 10-year tax credit transfer agreements for 2 Oklahoma-based wind projects totalling 500MW.
-
Elda River Capital Management, a real assets-focused investment firm, has spun off from private equity fund Magnetar Capital with $1.5 billion in assets under its management.
-
New Fortress Energy will offer $500 million aggregate principal senior secured notes due 2029 via private offering.
-
Baker Botts has hired a partner for the energy, projects, and transactions team of the law firm's global projects department in the Washington, DC, office.
-
Altius Renewable Royalties’ (ARR) jointly-owned subsidiary, Great Bay Renewables has entered into a $30 million royalty investment with Apex Clean Energy.
-
Renewable fuels company Global Clean Energy founder Richard Palmer will retire from his position as the company’s chief executive.
-
Mammoth Energy Services has received $50.6 million from the Puerto Rico Electric Power Authority (PREPA) clearing the company's debt to the SPCP Group.
-
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.
-
Utility company Exelon has promoted Jessica Hart to senior vice president and chief investment officer after incumbent Doug Brown retires after 15 years in the role.
-
The New York State Energy Research and Development Authority (NYSERDA) has issued conditional agreements for 2 offshore wind projects in its fourth offshore wind solicitation: 810MW Equinor-owned Empire Wind 1 and Ørsted & Eversource-developed 924MW Sunrise Wind.
-
DE Shaw Renewable Investments (DESRI) will sell multiple transmission assets associated with its Arroyo Solar Project to the Public Service Company of New Mexico (PNM), PFR has learned.
-
Geothermal development and technology company Fervo has raised $244 million in funding led by shale oil and gas business Devon Energy.
-
Colorado utility Mountain Parks Electric (MPE) has inked a 20-year power sales agreement (PSA) with wholesale power provider Guzman Energy.
-
Germany-headquartered global asset management group IKAV and asset manager Canadian Plan Pension Investment Board (CPPIB) will each obtain at least 10% stake in California Resources Corporation from owners BlackRock and Vanguard Group.
-
Investment bank Moelis & Company has hired Stephen Trauber, formerly Citi's global head of energy transition, as chairman and global head of its energy and energy transition team.
-
Major American airline Southwest has launched its sustainable aviation fuel (SAF)-focused Southwest Airlines Renewable Ventures (SARV).
-
Renewable real estate investment fund SolaREIT has secured an additional $30 million in revolving credit from Atlantic Union Bank.
-
Vertically integrated distributed energy (DG) platform and financing provider Scale Microgrids has selected Nuno Gonçalves as its new chief financial officer.
-
Tri-State Generation and Transmission Association has received a key state-level regulatory approval from the Colorado Public Utilities Commission (CPUC) on the $75 million sale of its transmission facilities, contracts, and assets to United Power, PFR has learned.
-
The 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.
-
EDF Renewables North America has inked a 20-year power purchase agreement (PPA) with Southern California Public Power Authority (SCPPA) to receive 125MW of EDF's 300MW Bonanza solar and storage project in Nevada.
-
Mercedes-Benz HPC North America has hired several executives in a push to create a network of electric vehicle (EV) charging stations across the country.
-
Residential solar technology and energy services provider SunPower Corp’s chief executive officer (CEO) Peter Faricy has left the company, effective 26 February 2024.
-
PJM Interconnection has appointed Eversource Energy's senior vice president of engineering as its executive VP of operations.
-
The Bureau of Ocean Energy Management (BOEM) has released the final environmental review of the 2.6GW New England Wind project off Massachusetts. The project is owned by Park City Wind, a subsidiary of Avangrid, and is expected to power over 900,000 homes.
-
Sunrock Distributed Generation, a commercial solar and DG developer and asset manager, has hired Sunlight Financial co-founder Wilson Chang as its chief executive officer.
-
North American energy and water industries consultancy firm Concentric Energy Advisors has added Mark Karl as an executive advisor.
-
Mitsubishi Power Americas' battery energy storage systems (BESS) division has been spun into a standalone business — Prevalon Energy.
-
Capital Power has closed on its acquisition of 2 contracted combined-cycle US gas generation facilities from Beal Financial Corporation subsidiary CSG Investments.
-
The Bureau of Ocean Energy Management (BOEM) has approved the construction and operations plan (COP) of 800MW Empire Wind 1, an offshore wind farm owned by Equinor in the New York Bight region. The BOEM's decision was the final step before the project could commence construction.
-
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.
-
Florida Municipal Power Agency (FMPA) has closed on the first of 3 project acquisitions totaling 339 MW natural gas-fired capacity, from numerous utilities, PFR has learned.
-
Infrastructure and real assets-focused investment firm Stonepeak will acquire a 50% interest in Dominion Energy’s Coastal Virginia Offshore Wind project.
-
NorthRenew Energy is to sell its Arco Wind and Solar facility to US-based grid operator PacifiCorp.
-
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.
-
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.
-
Blackstone-owned Tallgrass Energy Partners will offer $400 million aggregate principal amount of senior secured notes due 2029 in a private placement.
-
French energy business TotalEnergies has closed on the $635 million acquisition of 3 gas-fired power plants in Texas from TexGen, PFR has learned.
-
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.
-
Allete has expanded its 5-year US green energy investment plan by $1 billion alongside its successful 2023 revenue reports. The plan now includes $4.3 billion for its utility division, Minnesota Power, to grow its renewable energy exposure.
-
EnerSmart is to sell a pair of 3MW battery energy storage system (BESS) facilities sited in Chula Vista, California to renewables investment firm Kendall Sustainable Infrastructure (KSI), PFR has found.
-
Construction giant Kajima has invested in a Canadian geothermal energy technology company, Eavor Technologies.
-
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.
-
Battery manufacturer Ascend Elements has raised $162 million in equity investments from Just Climate, Clearvision Ventures, and IRONGREY.
-
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.
-
Delta Utilities – a portfolio company of Bernhard Capital – has today (20 February) entered an agreement with CenterPoint Energy to acquire natural gas distribution networks.
-
Macquarie Asset Management has today (20 February) agreed the sale of Lordstown Energy Center to Arclight Capital vehicle ArcLight Fund VII.
-
Electricity and power generation company Vistra has received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor. It is the final approval needed in a $6.3 billion merger that will rebrand Vistra as renewables mega firm Vistra Vision.
-
Sustainable infrastructure company Generate Capital is to sell a 13.45% stake in Pine Gate Renewables to the Healthcare of Ontario Pension Plan Trust Fund (HOOPP), PFR has found.
-
Plenitude’s US subsidiary Eni New Energy US has closed on its buy of an 80% equity stake in 3 operating solar projects from global energy business EDP Renováveis (EDPR), PFR has learned.
-
New Fortress Energy has completed sale of its 20% equity interest in global maritime infrastructure company Energos Infrastructure to Apollo-managed funds.
-
Residential solar company SunPower has raised $175 million as it plans to mitigate threats of default with long-term financial changes.
-
Allete Power has issued a request for proposals (RFP) for up to 400MW of wind energy to come online by the end of 2027.
-
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.
-
Amazon Web Services (AWS) has added Jason Selfe to its power & utilities team in a business development role.
-
National Fuel Gas Company (NFG) has entered a multi-bank $300 million unsecured term loan credit facility, PFR has learned.
-
Blackstone is looking for buyers for a stake in its portfolio company Aypa Power. PFR understands Blackstone is looking to sell a minority stake and is in talks with multiple potential buyers.
-
Asset management firm Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) will acquire a majority stake in the Sharp Hills wind farm from EDP Renewables subsidiary EDP Renewables Canada (EDPR Canada).
-
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.
-
Eversource Energy has agreed to divest to Global Infrastructure Partners (GIP) its 50% stake in its remaining 2 offshore projects that are co-owned with Ørsted.
-
A trio of Boston-based energy investors has launched Inyarek Partners to develop energy transition assets, completing its inaugural investment into renewable natural gas (RNG) platform Redtail Renewables.
-
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.
-
Independent power producer (IPP) Urban Grid has hired Eivind Osterhus as chief financial officer and Erica Engle as chief commercial officer.
-
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.
-
-
US based renewable energy developer owner and operator Longroad Energy has closed on sale of its 108MWdc Foxhound Solar project to Dominion Energy, PFR has learned.
-
Arevon Energy, the renewable energy developer, owner, and operator, has reached financial close for the 200MW/800MWh Condor Energy Storage Project.
-
Law firm Skadden has rehired the former commissioner, chairman and general counsel of the Federal Energy Regulatory Commission (FERC).
-
Standard Solar is to acquire an 84MW community solar portfolio in Illinois from renewables company New Leaf Energy.
-
Amazon has signed a power purchase agreement (PPA) to source energy from an Avangrid wind farm located in Gilliam County, Oregon.
-
Ormat Technologies and Hawaiian Electric have locked in a 46MW geothermal power purchase agreement (PPA) until 2052.
-
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.
-
Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold a portfolio of nearly 400MW storage projects to UBS Asset Management.
-
Developer and grid-scale energy storage operator Jupiter Power has hired former Invenergy executive Jesse Campbell as its chief financial officer (CFO).
-
Evergy will acquire a 22.2% interest stake in 655MW natural gas-fired facility Dogwood Energy, PFR has learned.
-
Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold nearly 400MWs of storage projects to UBS Asset Management.
-
A Tenaska affiliate has acquired 6 natural gas generation facilities from IMG Energy Solutions.
-
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.
-
Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), has closed on the sale of an 18% ownership stake in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.
-
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.
-
SolAmerica Energy has agreed to procure 205MW of solar modules from First Solar.
-
Nautilus Solar Energy has closed on its acquisition of a 12.7 MW portfolio of community solar projects from SolAmerica Energy.
-
New Energy Equity, a solar developer subsidiary of Allete, has appointed Jackie Chambers as chief investment officer.
-
Portland General Electric (PGE) closed on its acquisition of a 208MW stake in the Clearwater Wind Farm from developer NextEra, PFR has learned.
-
Barely a month into the new year and infrastructure and energy investment managers have dominated headlines. Global Infrastructure Partners – and all $100 billion of its AUM – got absorbed into fund management behemoth BlackRock. Meanwhile, General Atlantic bolted on $12.5 billion sustainable infrastructure firm Actis onto its beefy $86 billion body of managed assets.
-
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.
-
Canadian Solar subsidiary Recurrent Energy has closed a $160 million project financing for its 127MW Bayou Galion Solar Project in Louisianna.
-
NextEra Energy led a $36 million investment round in Avnos, a startup developing a novel hybrid direct air capture (HDAC) technology for carbon dioxide removal.
-
Pivot Energy and Radiance Solar are teaming up on a portfolio of 5 community solar projects in Illinois, with a combined capacity of 19MW.
-
Tokyo Gas has continued its move into the US energy markets with an investment in a subsidiary of ARM Energy.
-
Brookfield Asset Management (BAM) has raised $10 billion at first close of its second energy transition fund with a fundraising target of $17 billion.
-
Spire is offering $350 million in 5.3% senior notes due 2026 to help fund the acquisition of the MoGas and Omega pipeline systems.
-
Industrial power company One Energy Enterprises has appointed Tom Russell as its chief financial officer (CFO) ahead of its New York Stock Exchange (NYSE) listing.
-
Battery-focused renewable energy company Spearmint Energy has closed a $47.5 million project finance term loan from global financial services provider Manulife.
-
Portland General Electric (PGE) has called for bids on clean dispatchable capacity via an all-source request for proposal (RFP).
-
BP Energy Partners-owned Cryopeak LNG Solutions has merged with the Energy & Minerals Group-owned Ferus Natural Gas Fuels, combining their LNG production and distribution technologies.
-
Infrastructure investment manager Homecoming Capital has hired former AB CarVal investor Shaya Greenberger as vice president.
-
Renewables company BrightNight has made 2 senior-level appointments to its asset management and construction teams.
-
Clifford Chance has hired 2 US energy and infrastructure partners, Ty'Meka Reeves-Sobers and Marcia Hook, to join the law firm's Houston and Washington, DC offices, respectively.
-
Generate Capital closed its latest capital raise, with new investments totalling $1.5 billion, last week (31 January).
-
Standalone energy storage systems developer, owner and operator GlidePath Power Solutions (GlidePath) has hired former NextEra executive Vijay Singh as its chief commercial officer.
-
Midstream power company NGL Energy Partners has closed on a $2.9 billion refinancing.
-
Residential solar company SunPower has received waiver extensions from its lenders and $20 million from its majority shareholders as it plans to mitigate threats of default with long-term financial changes.
-
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.
-
Independent power producer and asset manager Greenbacker has continued to add to its leadership team with appointment of Christopher Smith as chief financial officer and Carl Weatherley-White as head of capital markets.
-
Southern Company Gas subsidiaries Virginia Natural Gas and Chattanooga Gas have entered into their first renewable natural gas agreement.
-
NET Power has hired former Nikola Motor Company managing director Brian Rappaport as its head of origination, PFR has learned.
-
H2 Energy Group has partnered with the Redding Rancheria Tribe reservation to develop a green hydrogen production facility.
-
Enchanted Rock, a microgrids developer, has appointed Paul Froutan as its chief operating officer (COO).
-
Altus Power has closed on its acquisition of 84MW commercial-scale solar arrays from Vitol for around $118 million.
-
Scout Clean Energy, a Brookfield Asset Management portfolio company, has signed a virtual power purchase agreement (VPPA) with not-for-profit healthcare system manager AdventHealth for 90MW from a Texas wind farm.
-
Nuveen has teamed up with Aiga Capital Partners on its $200 million term loan to battery energy storage system (BESS) developer Spearmint Energy.
-
Energetic Capital has hired Steven Varady as senior vice president in the company's tax and transactional practice, PFR has learned.
-
Law firm Akerman has announced the formation of 3 energy and infrastructure sub-practices.
-
Avangrid is readying its first renewable energy project in Oklahoma, the 147.5MW Pontotoc Wind project.
-
Swedish industrials business SKF has signed 2 Renewable Energy Certificate (REC) purchase agreements in North America.
-
Renewable energy provider Cordia has closed on its acquisition of Pittsburgh, Pennsylvania-sited energy systems from Essential Utilities for $165 million.
-
Vesper Energy has closed $590 million in financing for its 600MW Hornet Solar project.
-
Giora Salita has joined the executive team of TPG-backed global renewable energy platform Matrix Renewables as chief operating officer based in Miami, Florida.
-
Clean energy tax credit transfer platform Crux has closed a $18.2 million series A funding led by venture capital firm Andreessen Horowitz.
-
Quantum Capital Group has partnered with Humble Midstream II to fund the company’s continuing development and operation of US-based energy infrastructure projects.
-
Dominion Energy has secured final approval from the Bureau of Ocean Energy Management (BOEM) for the construction and operations of its 2.6GW Coastal Virginia Offshore Wind (CVOW) project.
-
Tokyo Gas subsidiary Tokyo Gas America has closed on its $216 million acquisition of the Longbow battery energy storage (BESS) project from Clean Capital Partners.
-
JP Morgan-backed independent power producer Onward Energy has hired the former chief executive of the California Independent System Operator (CAISO) to replace president and CEO, Steve Doyon, who has retired.
-
Biofuels company POET and Summit Carbon Solutions have entered into a partnership to utilise Summit's carbon capture technology to reduce emissions created in the biofuel production process.
-
Emre Erkovan has been appointed as CIBC Capital Market’s global investment banking director, overseeing energy, infrastructure and transition sectors.
-
Nuclear company Westinghouse has hired former vice president of strategy and innovation at Kairos Power, Lou Martinez Sancho, as its chief technology officer.
-
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).
-
Midstream power company NGL Energy Partners has increased its senior secured notes offering to $2.2 billion.
-
Utility-scale developer RedWind Renewables has sold 2 250MW solar PV and BESS projects to global renewable energy business Greenvolt Power.
-
Danish energy company Ørsted has terminated its offtake agreement with the state of Maryland for its 2 Skipjack Wind projects as it re-evaluates project plans amid current market conditions.
-
BP and Equinor have divided their offshore wind joint venture projects with BP claiming full ownership of Beacon Wind and Equinor taking ownership of Empire Wind.
-
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.
-
Enviri Corporation company Clean Earth has entered a 5-year offtake agreement with Veolia North America for waste-to-energy from a thermal facility sited in Southwest Arkansas.
-
The City of Edmonton, Alberta and Canadian-based Varme Energy have struck a waste-to-energy offtake deal.
-
Michael Peist, managing director of project and structured finance in Investec's power and infrastructure team has stepped down, PFR has learned.
-
Renewables developer Swift Current Energy has upsized its $225 million revolving credit facility to $312.5 million to fund its US project pipeline.
-
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.
-
Ørsted is to become the sole owner of the 924MW Sunrise Wind project after buying out joint venture partner Eversource Energy.
-
Alliant Energy’s Wisconsin Utility, Wisconsin Power and Light Company (WPL), is diluting its interest in the 723.2MW natural-gas combined-cycle generation and 4MW solar hybrid project West Riverside Energy Center, PFR has learned.
-
Greenwood Sustainable Infrastructure (GSI) has teamed up with Ocean Man First Nation to build a 100MW solar project in Saskatchewan, Canada.
-
Utility-scale solar developer Volt Energy Utility has appointed Jean Nelson-Houpert as chief financial officer (CFO).
-
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.
-
Commercial energy developer Green Lantern Solar has named Dave Carpenter as vice president of development.
-
Plug Power has started operations at the largest liquid green hydrogen plant in the US in Georgia after 18 months of construction.
-
Solar real estate investment fund SolaREIT has launched a battery energy storage systems (BESS) lending platform, to be led by recently hired senior vice president of business development, Nicole Wolf.
-
Renewables company Origis Energy has closed a $317 million tax equity project financing with JP Morgan for 2 utility-scale solar-plus-storage projects.
-
Capricorn Investment Group, the $9 billion investor, has made a minority investment in sustainability-focused private equity firm SER Capital Partners.
-
Community solar provider Nexamp has named its Chicago, Illinois office as its second national headquarters, alongside its established headquarters in Boston, Massachusetts.
-
Canadian Solar subsidiary and global solar and storage developer, Recurrent Energy, has secured a $500 million preferred equity investment from a fund managed by BlackRock’s climate infrastructure business.
-
United Power is to buy its transmission facilities, contracts, and assets, from Tri-State Generation and Transmission Association (Tri-State) for $75million in a transaction critical for the utility's split from the electric cooperative, PFR has learned.
-
Deriva Energy, formerly Duke Energy Renewables, has acquired the 140MW Spanish Peaks Solar project sited in Las Animas County, Colorado from global solar power developer JUWI.
-
Solar panel manufacturer First Solar has acquired a 1.2 million square foot facility in Troy Township, Ohio.
-
Updated to include:
-
The US Treasury Department has released additional guidance on tax credits for electric vehicles (EVs) and associated charging technology, including alternative refueling stations.
-
Motor fuel giant Sunoco has agreed to acquire independent pipeline operator NuStar in an all-equity transaction valued at $7.3 billion.
-
The US Department of Energy (DOE) has selected 3 firms to help establish a market for the buying and selling of green hydrogen from its Regional Clean Hydrogen Hubs (H2Hubs).
-
CorEnergy Infrastructure has closed on sale of its MoGas and Omega pipeline systems (MoGas System) to Spire subsidiary Spire Midstream.
-
RWE Clean Energy has promoted Andrew Flanagan, the company's former chief development officer, to chief executive.
-
Crowell & Moring has hired Ruta Kalvaitis Skučas as partner in the law firm's environment, energy, and natural resources practice group.
-
The Bureau of Land Management (BLM) will begin the first of 8 oil and gas lease sales this year with the auction of 19 Wyoming-sited parcels covering 13,858.91 acres on 5 March.
-
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.
-
King & Spalding has hired energy and construction lawyer, Terra Mareck Cothran, to become a partner at its Houston office.
-
Bloomberg has signed a 15-year power purchase agreement (PPA) with US-based clean energy developer Ørsted, claiming 80MW of the renewable energy generated by its 471MW Mockingbird Solar Center.
-
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.
-
E-fuel company INERATEC has closed a $129 million Series B funding to launch its industrial-scale technology production for projects across the US and abroad.
-
Morgan Stanely-backed SolMicroGrid, a microgrid company focused on commercial and industrial (C&I) end markets, has hired a former Safari Energy executive as its chief executive.
-
Apex Clean Energy and Korean energy company SK Gas and its green energy development business SK D&D are partnering up to own US-based energy storage facilities.
-
Scale Microgrids is set to acquire 500MW of distributed solar and storage projects across the US from Netherlands-based global clean energy developer Gutami.
-
Clifford Chance announced today, 16 January 2024, the hiring of counsel Joshua Bernard to its corporate M&A practice in Houston.
-
Partners Group subsidiary Exus North America has agreed to purchase Dutch commodity trader Vitol’s 244MW Pennsylvania-based 3-project wind portfolio, PFR has learned.
-
LS Power has agreed to acquire an 810MW natural gas-fired power plant sited in Gettysburg, Pennsylvania from an affiliate of Platinum Equity.
-
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.
-
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.
-
Octopus Energy company Sky Renewables is set to purchase the Ohio-sited 80MW Nestlewood and Pennsylvania-sited 16MW Gaucho solar projects from Vesper Energy, PFR has learned.
-
BlackRock has agreed to acquire Global Infrastructure Partners (GIP) for about $12.5 billion in cash and stock, in a move that further consolidates the infrastructure fund market.
-
Clean energy-focused point-of-sale investment firm Sunlight Financial has, through its partnership with Cross River Bank, sold a pool of approximately $300 million in solar loan assets.
-
Plenitude’s US subsidiary Eni New Energy US has agreed to purchase an 80% equity stake in an operational three-project solar portfolio from global energy business EDP Renováveis (EDPR).
-
Financial services firm Barclays has launched a new Energy Transition Group in its corporate and investment bank, focusing on renewable and energy transition deals.
-
Hannon Armstrong Sustainable Infrastructure Capital (HASI) has doubled its additional 2027 green senior unsecured notes in aggregate principal of 8% to $200 million.
-
Macquarie-backed Galehead Development has hired Dru Steubing, the former vice president of development at Apex Energy, as chief development officer.
-
Gas utility Spire and KC Water have moved forward on their partnership to create the first Kansas City, Missouri renewable natural gas (RNG) facility.
-
Despite renewables grabbing the headlines, emergency weather situations and the increased energy demand in cities with rapidly rising populations have been catalysts for a “gas renaissance” in the M&A power space.
-
-
Renewables company BayWa r.e. has appointed the former executive vice president of Soligent, Ken Lima, as its new chief executive officer of the company's US solar distribution business.
-
Solar development company TurningPoint Energy has announced the appointment of Salar Naini as president, as former president Jared Schoch moves into a chairman role.
-
-
GE-owned power plant EFS Parlin has closed on the sale of all of its interconnection rights and started the decommissioning process of its 123.5MW natural gas facility following bankruptcy.
-
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.
-
Investment firm ArcLight Capital Partners has formed a new division to oversee the commercial and operational activities of ArcLight's power infrastructure funds.
-
Independent power producer (IPP) Pathway Power has entered a $25 million growth capital partnership with Tokyo-based independent renewables business Renova.
-
Vistra Corporation is offloading its Richland and Stryker facilities to Rockland Capital in an effort to complete its pending $6.3 billion merger with Energy Harbor, creating renewables mega firm Vistra Vision.
-
Brookfield Renewable has issued C$400 million (US$298.5 million) of medium-term loans to pay for future green investments and repay indebtedness incurred in previous ventures.
-
Hannon Armstrong Sustainable Infrastructure Capital (HASI), will privately offer $100 million in aggregate principal of 8% green senior unsecured notes.
-
The Bureau of Ocean Energy Management (BOEM) has drafted the environmental review of future development on the six lease areas awarded in the New York Bight tender in 2022.
-
Spire has named Scott Doyle its executive vice president and chief operating officer, effective January 15, 2024.
-
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.
-
Oil and gas multinational Shell has signed a 20-year liquid natural gas (LNG) sale and purchase agreement to purchase 2 million tons of LNG from Ksi Lisims LNG's British Columbia-based project per year.
-
Meridian Clean Energy has upped its stake in 850MW simple-cycle natural gas plant Sentinel Energy.
-
Solar manufacturing company Qcells has closed an agreement with Microsoft to provide 12GW of solar modules and EPC services over the next 8 years.
-
Green data center developer Digital Power Optimization (DPO) has closed a power purchase agreement (PPA) with an unnamed multinational renewables developer with over 150MW wind farms in Texas.
-
Point-of-sale finance firm Sunlight Financial has named current chief operating officer (COO) Timothy Parsons as the company’s new chief executive.
-
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.
-
Canadian-based carbon capture business Svante Technologies (Svante) has appointed Justine Fisher as its new chief financial officer (CFO).
-
Community-solar and storage developer REC Solar has appointed former ForeFront Power chief executive as its executive chairman.
-
Renewable developer BrightNight has closed a $375 million corporate credit facility to complete the development of its US solar, energy storage, and integrated technologies portfolio.
-
Energy giants Equinor and BP have canceled their power purchase agreement (PPA) with New York to provide 1.26GW from the proposed Empire Wind 2 project.
-
The North American division of Italy’s Enel has closed on its $271 million sale of all US geothermal assets and several solar parks to Ormat Technologies.
-
Spearmint Energy has reached completion and commercial operation of its West Texas 150MW battery energy storage system (BESS) Revolution.
-
Williams has closed on its $1.95 billion acquisition of a portfolio of natural gas storage assets from an affiliate of Hartree Partners.
-
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.
-
Renewables operator ERG has agreed to partner with independent US green power company Apex Clean Energy Holdings to manage and potentially expand a currently operating portfolio of wind and solar projects.
-
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.
-
Capital Power has completed its $97.5 million acquisition of the Frederickson 1 Generating Station from Atlantic Power & Utilities.
-
Canadian power provider Hydro One will commence an internal and external search this summer for a chief financial and regulatory officer as incumbent Chris Lopez leaves June 30, 2024.
-
Allianz Capital Partners' former head of renewables, Americas, has been hired by Greenbacker Capital as the fund manager's head of infrastructure.
-
American Electric Power and PNM Resources have agreed to sell a 50% interest in New Mexico Renewable Development (NMRD) to Exus North America.
-
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.
-
PNM Resources and Avangrid have terminated their $4.3 billion merger agreement.
-
Former Riverstone Credit Partners founders have launched energy credit investment manager Breakwall Capital.
-
Goldman Sachs has promoted Emily Hashimoto to managing director of the infrastructure investment banking team in New York City.
-
Blackstone Infrastructure Partners subsidiary BIP Blue Buyer has completed its $2.16 billion acquisition of a 19.9% equity stake in NIPSCO.
-
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.
-
The US Treasury Department has released the proposed green hydrogen tax credit guidelines, 45V, to be available for public comment for the next 60 days. The Biden-Harris administration hopes the credits will provide over $140 billion in revenue by 2030
-
Commercial-scale provider of clean electric energy provider Altus Power has closed on the acquisition of Project Hyperion which consists of 121MW of solar assets, primarily located in North and South Carolina.
-
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.
-
Southwest Gas Holdings has appointed William “Bill” Fehrman as president and chief executive of Centuri Group, effective January 12, 2024.
-
Allete and Grid United's subsidiary, North Plains Connector, have signed development agreements on the North Plains Connector project, an approximately 400-mile high-voltage direct-current (HVDC) transmission line from central North Dakota to Colstrip, Montana.
-
Global Partners has completed the acquisition of 25 liquid energy terminals from Saudi Aramco-subsidiary Motiva Enterprises.
-
The state of Delaware has begun official negotiations with offshore wind developer US Wind, which is developing two wind farms off Maryland, to provide lease areas for the farms' undersea cables and onshore substations.
-
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.
-
Hull Street Energy has closed on a $160 million credit facility to finance its 855 MW Milepost Power Texas portfolio, Mesquite Generation.
-
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.
-
Crescent Point Energy has closed on its acquisition of Canadian Riverstone Holdings-owned oil and gas business Hammerhead Energy.
-
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.
-
Energy storage business Convergent Energy and Power has appointed Donald Jenkins as its new chief operating officer (COO).
-
Transaction risk insurance broking and advisory firm Birch Risk Advisors has taken on former NovaSource Power Services chief executive officer Troy Lauterbach as renewable energy advisor.
-
BP-funded Advanced Ionics is growing its executive team with two green hydrogen professionals as the company plans its generation pilot programs launch for next year.
-
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.
-
Cadiz has received the final regulatory nod from the US Bureau of Land Management (BLM) to complete its acquisition of the 220-mile pipeline from El Paso Natural Gas (EPNG).
-
Solar and storage developer Adapture Renewables has signed three agreements to sell renewable energy credits (RECs) from 330MW of solar generation in Illinois and Arkansas to technology company META
-
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.
-
Southern Company subsidiary Georgia Power Company (GPC) will sell multiple specified transmission lines to Georgia Transmission Corporation (GTC), PFR has learned.
-
Canadian investment giant Brookfield acquired Duke Energy’s unregulated utility scale commercial renewables business at an enterprise value of approximately $2.8 billion – a deal that showed they were the exception to the mega M&A rules this year.
-
The US Treasury has revealed the guidelines on the 45X advanced manufacturing tax credit to incentivize the creation and use of a domestic renewables supply chain.
RECENT ARTICLES
Recent Articles |
|