Quote of the Week
-
—David John Frenkil, m.d. of Centennial Generating Co., on the burgeoning interest of private equity players in investing in non-U.S. portfolios.
-
The PPA Pulse is a guide to which sponsors and projects have recently garnered power purchase agreements in the Americas.
-
Regions Bank has hired Brian Tate, formerly managing director and head of power and utilities at Wells Fargo, to lead its role in energy lending, including expansion into power.
-
Isaac Deutsch, managing director, co-head of specialized finance in the Americas atSumitomo Mitsui Banking Corp. on how the lending capacity will impact deals at Euromoney’s 9th annual U.S. Power and Renewable Finance conference.
-
–John Eber, managing director and head of energy investments at JPMorgan Capital Corp., on tax equity investments in solar projects last year.
-
—Dan Pillemer, chairman and ceo of Kilowatt Financial in Minneapolis, on lending to homeowners for energy efficiency upgrades.
-
--Doug Egan, chairman and ceo of Competitive Power Ventures on the company’s ongoing legal battles over offtake contracts in New Jersey and Maryland.
-
—Manfred Ernst, managing director of boutique investment bank Fieldstone Private Capital Group, on how access to information and increased sophistication have led companies to run more sales processes in-house rather than hiring an advisor.
-
— Douglas Shultz, director of loan guarantee origination for the U.S. Department Of Energy’s loan programs office, of the revamped section 1703 loan guarantee program.
-
—Hal Dittmer, president at Wellhead Electric in Sacramento, Calif., on a California appellate court granting the Utility Reform Network’s petition for a review of the project Wellhead is developing with Radback Energy.
-
—Joe Esteves, cfo at LS Power in New York at Platts 15th Annual Financing U.S. Power, on the importance of timing for term loan B issuance.
-
– K. Mitchell Posner, co-founder and managing partner of Power Capital Partners, on launching the firm’s maiden power and energy play.
-
—Ted Brandt, principal and ceo of Marathon Capital in Chicago on the shop’s plans for growth in Latin America.
-
—Daniel Rausch, treasurer of NorthWestern Corp., on the company’s decision to wait to issue about $900 million of debt and equity until its planned acquisition of 633 MW of hydro assets from PPL Corp. gets closer to state regulatory approval.
-
— Borja Negro, ceo at Gamesa North America, at the American Wind Energy Association’s Wind Energy Finance and Investment Seminar in New York.
-
—Ray Wood, managing director and head of U.S. power & renewables at Bank of America Merrill Lynch, on the level of wind activity in 2014 with or without a renewal of the production tax credit.
-
— Michael Polsky, ceo and founder of Invenergy in Chicago, on attractive markets for wind development.
-
—Jon Fouts, managing director of the global power and utilities group at Morgan Stanley, on successful bidders in power asset sales.
-
—Jonathan Lindenberg, head of project finance in the Americas at Bank of Tokyo Mitsubishi-UFJ in New York.
-
—Jonathan Lindenberg, head of project finance in the Americas at Bank of Tokyo Mitsubishi-UFJ, on the B loan market.
-
—Bob De Meyere, project manager at Advanced Power NA, on how much of a stake the company wants to retain in the 1 GW Cricket Valley combined cycle project in Dover, N.Y.
-
—Stuart Murray, managing director, project & infrastructure finance, at Citigroup on the closing of MidAmerican Energy Holdings’ Antelope Valley solar facility.
-
—Maria van der Hoeven, executive director of the International Energy Agency, on challenges of renewable project development at Euromoney Energy Events’ Renewable Energy Finance Forum Wall Street in New York.
-
—Michael Kumar, managing director and global head of project, commodity and infrastructure finance at Morgan Stanley on the amount of power project finance deals in the market this year.
-
—Mark Noyes, v.p. at ConEd Development in New York¸ on the shop’s strategy for adding generation assets to its fleet.
-
—Ralph Cho, co-head of power in North America at Investec in New York on being able to play in several layers of the capital stack.
-
—Bill Hilliard, ceo and co-founder of CleanREIT Partners in Washington D.C., on looking to get approval from the U.S. Internal Revenue Service to add renewable generation assets to a real estate investment trust.
-
—Michael Eckhart, managing director, global head of environmental finance and sustainability at Citigroup, on renewable project finance and M&A at Euromoney Seminars’ Renewable Energy Finance Forum Latin America and Caribbean at the Four Seasons Hotel in Miami.
-
—Kevin Smith, ceo of SolarReserve in Santa Monica, Calif., on the company’s decision grow its business in Latin America.
-
—John Marciano and John Frenkil, partner and associate at Chadbourne & Parke, respectively, on the challenges of securing a power purchase agreement.
-
—Alex Urquhart, president and ceo of GE Energy Financial Service in Las Vegas, on the effects of large amounts of capital available for project financing.
-
—Mike Lorusso, managing director and group head for CIT Energy in New York on the changing landscape of lenders in project finance.
-
—John Marciano, partner at Chadbourne & Parke in Washington, D.C., on a private letter ruling handed down by the U.S. Internal Revenue Service freeing up fresh possibilities for tax equity investments.
-
—Hamish Bunn, managing director of project finance at Morgan Stanley in New York, on the emergence of project bonds.
-
—Harry Clark, partner at Orrick in Washington, D.C., on how renewable developers should approach government agencies such as the U.S. Department of Defense about power purchase agreements.
-
—Kevin Prince, project development manager for federal programs for SunPower, on the U.S. Army’s solicitation for renewable.
-
—Raya Prabhu, managing director of natural resources leveraged finance at Goldman Sachs, in reference to Panda Power Funds looking to finance its merchant Temple II gas fired facility in Texas.
-
—Robert Moyle, managing director and head of energy and infrastructure at Raymond James Bank in New York, on launching the lender’s power and renewable project finance business.
-
—Pedro Barriuso, ceo of Blackstone’s new power and energy shop Fisterra Energy in Madrid, on the company’s development strategy.
-
—Matt O’Brien, president of asset management firm Connor Clark & Lunn Infrastructure in Toronto, on seeking to invest in development projects in order to avoid stiff competition and high prices for operating assets.
-
—Don Kyle, senior managing director, GE Energy Financial Services, told attendees at Infocast’s 5th annual Projects & Money conference in New Orleans about the direction of pricing in the B loan market.
-
—Gerald Hanrahan, senior managing director of the power and infrastructure team at John Hancock Financial Services at a webinar sponsored by Chadbourne & Parke.
-
—Andrew Redinger, managing director and group head of utility, power and renewables at KeyBanc Capital Markets in Cleveland, on tapping the debt capital markets for power project finance deals.
-
—Joseph DeSapri, securities analyst at Morningstar in Chicago, on whether utilities will be able to recover costs of damages incurred from Hurricane Sandy through the ratebase.
-
—Carl Weatherley-White, cfo at K Road Power in New York, on the company’s search for financing backing its 350 MW Moapa solar project in Clark County, Nev.
-
—David Albert, managing director of the Carlyle Energy Mezzanine Opportunities Fund, on the flexible role mezzanine debt funds are playing in financing power.
-
—Steven Goltz, director of utilities, project and infrastructure finance at Standard & Poor’s in Toronto on Algonquin Power & Utilities Corp. expanding its credit facility to $200 million.
-
—Thomas Fanning, president and ceo of Southern Co., on why the company is pursuing nuclear power development as a reliability fuel for the future even as Pinkerton, executive chairman at oil and gas producer Range Resources Corp., promises that gas will remain about $3.50-5.50 per mcf for the remainder of his lifetime.
-
—Jean-Pierre Boudrias, the director of the energy group at Credit Suisse at a conference in New York, talking about the prevalence of term loan Bs and mezzanine debt in project financings.
-
—Ross Posner, group head of infrastructure and real estate assets at Allstate Investments in Northbrook, Ill., on the company’s hunt for energy and infrastructure investments.
RECENT ARTICLES
Recent Articles |
|