Private Equity
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KKR and Hannon Armstrong Sustainable Infrastructure Capital (HASI) have partnered on a $2 billion investment vehicle for sustainable infrastructure projects.
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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.
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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.
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Quantum Capital Group, the energy-focused private equity firm, has hired David Altshuler partner and co-head of client solutions.
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Casey Moye, formerly of NextEra Energy, has teamed up with Boston-based family office, Slater Family Holdings, to establish the renewable investment platform Greenview Energy (GVE).
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A seasoned infrstructure investment official left Caisse de dépôt et placement du Québec (CDPQ) earlier this month to set up his own shop in Mexico City.
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Argentinian independent power producer Stoneway Capital Corp. has a new owner after missing debt amortization payments due in early March.
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The South Korean owners of a gas-fired plant in Chile began looking to refinance it through a private placement a few months ago, but market conditions may act as a deterrent, say bankers.
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Argentinian independent power producer Stoneway Capital Corp. is embarking on what could be a lengthy restructuring process after bondholders declined to extend the maturity of debt due to be repaid this month.
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German asset manager MPC Capital is raising capital among U.S. investors to build 200 MW of renewable projects in the Caribbean.
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AES Gener has announced a $1.8 billion investment in solar and wind projects in Chile and Colombia with a total capacity of 1.6 GW.
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IEnova, a subsidiary of Sempra Energy, and Actis-owned independent power producer Saavi Energía are developing a 108 MW wind farm in Mexico that will sell its output into the U.S.
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A year after private equity firm I Squared Capital completed the acquisition of a large renewable energy portfolio in Latin America, the fund has consolidated its assets by refreshing the debt at both the holdco and project level.
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Infrastructure private equity firm I Squared Capital has named three new partners, in addition to three existing managing partners.
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Five local players and one international developer could bid to buy power distributor Electricaribe in an auction later this month, with international investors looking for partners to participate in the process.
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Private equity firm Denham Capital has announced a $250 million investment in Ceiba Energy, a Latin America-focused power project developer headquartered in Houston.
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A private equity firm has tapped boutique investment bank Evercore to market its stake in a wind and solar project developer.
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A fund managed by Starwood Energy Group Global has lined up a buyer for an Ohio wind project that is expected to come online later this summer.
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Capital Dynamics has sealed its purchase of 8point3 Energy Partners, sparking conversations about the future of the yield company business model during a busy week of summer conferences.
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GE Energy Financial Services has announced the retirement of two senior figures as the General Electric division looks to sell its loan book and private equity assets.
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A joint venture between Axium Infrastructure and Manulife Financial Corp. has agreed to acquire a 35% stake in AltaGas’ hydro assets in northwest British Columbia for C$922 million (approximately $700 million).
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Fengate Real Asset Investments has entered into a $100 million, multi-year equity commitment with Texas developer PowerFin Partners, echoing a deal the asset manager struck with a Canadian developer two months ago.
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ArcLight Capital Partners has agreed to sell a gas-fired asset in Arizona with a capacity of almost 600 MW.
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Fengate Real Asset Investments has hired a former Skadden project finance lawyer as chairman of its U.S. infrastructure unit, Fengate Capital Management.
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A group of four Japanese investors has acquired a majority stake in an Ares-EIF gas-fired project in Connecticut.
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Onyx Renewable Partners, a portfolio company of The Blackstone Group, has scored a $79 million financing for an approximately 80 MW portfolio of distributed solar assets.
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The Canada Pension Plan Investment Board is acquiring a 49% stake in an Enbridge renewables portfolio that includes all of the company’s renewable assets in Canada and two U.S. projects. Meanwhile, a private equity firm has agreed to purchase Enbridge’s midstream business in the U.S.
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A former principal at Oaktree Capital Management has joined Energy Capital Partners as a partner.
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The Carlyle Group and GE Energy Financial Services plan to sell a gas-fired project in Washington County, Ga., to a fund managed by Harbert Management Corp.—just as soon as they formally gain ownership of the plant themselves.
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Axium Infrastructure has agreed to acquire the 286 MW Brooklyn Navy Yard in New York from a fund managed by Ares-EIF.
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Starwood Energy Group Global has hired Phil Pletka, formerly a senior member of BlackRock’s energy and power team, as a managing director.
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Atlas Renewable Energy has acquired a 101.4 MW solar project in Mexico from SunPower Corp.
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Terra-Gen has sealed financing from three banks for two development-stage wind projects it owns in California and Texas.
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A fund managed by Ares-EIF is acquiring a majority stake in developer Conti Solar.
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Details have emerged on a term loan B refinancing for a Blackstone Group Texas gas-fired project.
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Osaka Gas has acquired Michigan Power, a 125 MW cogeneration facility in Ludington, Mich., from Rockland Capital.
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Longview Power has hired Houlihan Lokey as an adviser as it explores strategic options for its 700 MW coal-fired project near Maidsville, W.Va., including a potential refinancing of its senior secured debt.
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Fengate Real Asset Investments has signed a $100 million multi-year equity investment commitment with renewables developer Greengate Power Corp.
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A European infrastructure investment firm has tapped a former Ares-EIF partner to join its New York office as managing director.
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A private equity firm has agreed to purchase two gas-fired units at GenOn Energy’s Canal facility in Massachusetts as the bankrupt NRG Energy subsidiary sheds assets as part of its restructuring.
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A Canadian pension manager has agreed to acquire Leeward Renewable Energy, adding a 1.7 GW portfolio of largely-contracted wind projects to its pool of investments.
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FirstEnergy Solutions has found buyer for a merchant coal-fired facility in PJM Interconnection in the form of a joint venture between a private equity firm and an independent power producer.
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Ridgewood Infrastructure has sold its stake in the Neptune Regional Transmission System, a 66-mile transmission line running under Long Island Sound.
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Delegates at the Euromoney Seminars 12th Annual Latin American Energy & Infrastructure Finance Forum in Miami Beach are keeping at least one eye on Latin America’s colorful political landscape, as a year of national elections and unfolding corruption probes promises to have a bearing on project financings and M&A deals.
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A British emerging markets-focused private equity shop has received bids for a portfolio of Brazilian wind assets it is looking to sell.
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A New York private equity shop has hired a pair of financial advisers to sell a hydro project in PJM Interconnection that it previously tried to sell four years ago.
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LS Power has taken bids for a pair of gas-fired assets it is in the process of selling in the Midwest.
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An investor group led by private equity firm Bernhard Capital Partners Management has purchased transmission business W.A. Chester from Exelon Corp.
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GenOn Energy has found a private equity buyer for its 810 MW Hunterstown gas-fired project in Gettysburg, Pa.
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Convergent Energy and Power is acquiring a pair of energy storage assets from Rockland Capital, according to a Feb. 23 filing with the U.S. Federal Energy Regulatory Commission.
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Project finance bankers are pinning their hopes on merger and acquisition activity to keep them busy this year, but they may have to wait a while for it business to pick up, say deal watchers.
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A private equity firm has hired an adviser to sell its stake in a portfolio of hydro assets spread across the U.S.
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Macquarie Infrastructure Corp. is weighing a sale of a New Jersey gas-fired asset.
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An ArcLight Capital Partners portfolio company has agreed to purchase Avangrid Renewables’ gas storage business.
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A Quinbrook Infrastructure Partners fund has closed its purchase of a 223.5 MW portfolio comprising six older wind assets in three U.S. states that it plans to repower.
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A Basalt Infrastructure Partners fund has acquired a stake in a generation portfolio owned by DCO Energy. In a separate deal, the two entities have wrapped the joint purchase of a Michigan biomass facility.
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A fund managed by Quinbrook Infrastructure Partners has wrapped a debt and tax equity financing for a 200 MW wind project in Oklahoma.
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Royal Dutch Shell has agreed to acquire a 43.83% stake in Silicon Ranch Corp. from one of its backers, a Swiss private equity firm, making the Anglo-Dutch oil and gas giant the solar developer’s largest shareholder.
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Having closed a series of three acquisitions of small utility-scale U.S. renewables projects toward the end of last year, Greenbacker Renewable Energy has lined up another deal to buy a portfolio of operational solar assets in Colorado and California.
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A fund managed by Rockland Capital is acquiring a portfolio of gas-fired and oil-fired facilities in PJM Interconnection from an AES Corp. subsidiary.
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