Region
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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 tender.
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Casa dos Ventos, through its subsidiary Ventos de São Rafael Renováveis SA, has issued R$2.5 billion ($442m) in debentures in Brazil.
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Santiago-based renewables developer Eactiva is planning to develop a solar-plus-storage project in Chile.
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Morgan Stanley Senior Funding is the lender behind New Fortress Energy’s $700 million loan for its Mexico-based FLNG unit 2, PFR has learned.
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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.
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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).
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CarbonCapture and WL Gore & Associates have partnered to advance direct atmospheric carbon dioxide removal technology in a multi-year project.
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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.
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The Inter-American Development Bank (IDB) has approved to disburse $600 million to finance the energy transition and promote private investments in Ecuador.
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Essentia Energia, through its subsidiary Infraestrutura Brasil Holding XX, has raised R$150 million ($27m) in debentures.
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Spain’s Acciona was awarded a permanent concession for its San Jose solar project by the Energy and Mines Ministry (MINEM) in Peru.
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Honda subsidiary Honda R&D has entered into a joint development agreement with solar hydrogen production business SunHydrogen.
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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.
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Spanish oil company Repsol is in early conversations to acquire the remaining 60% of US renewables developer Hecate Energy.
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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.
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Chile’s state-owned mining firm Codelco has secured a $532 million climate financing to transition to a renewable energy matrix.
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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).
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Honduran conglomerate Kattan Group has requested financing from IDB Invest to finance a rooftop solar project.
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Clearway Energy Group has signed a 25-year power purchase agreement with Puget Sound Energy (PSE) for its 315MW Montana wind farm.
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Vienna-based renewable developer Austria Energy is planning to develop a $11 billion green ammonia project in Chile.
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Community solar provider Nexamp has partnered with Starbucks to deploy 40MW of solar projects in Illinois.
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Sustainable aviation fuel (SAF) company LanzaJet has received a strategic investment from Airbus, adding the aircraft manufacturer to its latest growth equity funding round.
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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.
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CWP Global has signed a memorandum of understanding (MoU) with the government of Tierra del Fuego for the development of green hydrogen in the province.
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New Fortress Energy has closed a $700 million loan for its FLNG unit 2 in Mexico.
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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.
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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.
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IDB Invest and the Green Climate Fund (GCF) are partnering to support resilient infrastructure investments in the Caribbean region.
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Former Winston & Strawn partner Mark Christy has joined Orrick as a renewables tax equity and credit specialist in the Chicago office.
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Energía de Colombia SAS ESP has landed COP$708 billion ($177m) for the refinancing of an operating transmission asset in Colombia.
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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.
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Renewables business Primary Energy has closed its $178 million platform refinancing led by Apterra Infrastructure Capital, PFR has learned.
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Blackstone-owned energy storage business Aypa Power has closed its $650 million pre-notice to proceed development facility.
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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.
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Mexico’s renewables market had been described by some industry professionals as at “rock bottom” but with a change at the political top the market is bracing for a rebound.
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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.
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ION Clean Energy has launched headquarters in Boulder, Colorado, and expanded its leadership team.
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Peru’s ProInversión has prequalified 3 bidders in an upcoming auction that will see the agency award 5 transmission projects totalling $441 million.
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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.
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Renewables developer Sphera Energy is planning to develop a pair of standalone battery energy storage projects in Chile.
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Tenaska will sell its 229MW Berkshire Combined Cycle Power Plant in Massachusetts to investment firm Gate City Power (GCP), PFR has learned.
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Cowboy Clean Fuels (CCF) has closed a $13 million series B financing led by Machan Investments to support its renewable natural gas production technology.
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Copia Power has closed a $135 million tax equity financing from Santander for its 150MW Harquahala Sun 1 project in Arizona.
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Clearway Energy Group has closed on more than $700 million in construction financing for solar and standalone battery projects in California, PFR has learned.
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Generac Power Systems has been awarded a grant of up to $200 million from the US Department of Energy for residential solar and battery storage systems in Puerto Rico.
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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.
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Herbert Longoni, former director at Crédit Agricole CIB, has joined BBVA as the executive director of project finance for the US and Canada.
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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).
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Dimension Energy has revealed plans to invest $3 billion in solar and storage projects over the next 5 years.
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Commercial solar development, financing, and management platform Sunrock Distributed Generation has named Claire Broido Johnson as its president and head of origination.
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ACP Capital Markets has hired former Bank of America managing director Asit Sen as head of its energy transition and industrial decarbonisation team.
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The US Department of Energy’s Loan Programs Office (LPO) has agreed to a loan guarantee of up to $861.3 million to finance solar and storage projects in Puerto Rico.
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Renewable developer RZK Energia has raised R$165 million ($30m) in debentures for a portfolio of distributed solar generation projects in Brazil.
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Backed by several venture firms, The Nuclear Company, plans to build a fleet of nuclear plants throughout the US.
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Primergy is approaching lenders as it locks in project financing for its 400MW/1600MWh Purple Sage Energy Centre in Nevada, PFR understands.
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Renewables power developer Apex Clean Energy has closed on the sale of 4 Virginia solar PV projects to Summit Ridge Energy, PFR has learned.
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Ørsted is looking to sell a portion of the 924MW Sunrise Wind project off New York, PFR has learned.
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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.
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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.
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Utility data and community solar developer Arcadia has partnered with Crux to integrate its customers on to the company's tax credit transfer platform.
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Fortescue is moving forward with its $6 billion green hydrogen plant in Brazil as the company’s board of directors made an early investment decision.
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The New York Energy Research and Development Authority has opened the state’s fifth offshore wind solicitation.
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Atiaia Renováveis is planning to issue R$215 million ($39m) in debentures for a hydroelectric project the company is developing in Brazil.
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New York City-based battery storage developer NineDot Energy has inked an additional $25 million revolving credit facility from NY Green Bank.
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Intersect Power has closed 2 project financings totalling $837 million for 3 standalone battery energy storage systems (BESS) in Texas.
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Waga Energy is commissioning a renewable natural gas (RNG) production unit at a landfill site in Quebec, Canada.
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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.
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Peak Energy, a US-based energy storage company, has secured $55 million to launch production of its sodium-ion battery technology.
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North American clean power platform Swift Current Energy has hired Brian Dee as its chief financial officer.
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LevelTen has finalised a $65 million series D funding led by B Capital in order to branch into new markets, such as clean hydrogen.
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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.
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Orizon has signed a sale and purchase agreement with Edge Comercialização for the supply of biomethane in Brazil.
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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.
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Brazilian power generator Eneva has agreed to acquire a portfolio of thermal power plants from BTG Pactual.
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Connecticut-based Ash Creek Renewables has hired Len Federico as its managing director of trading at its Houston, Texas, office.
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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.
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rPlus Energies has closed a $1 billion construction debt financing for its 400MW/1.6GWh Green River Energy Center project in Utah.
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Copec and Transelec have signed an agreement to partner on the implementation of a battery energy storage system in Chile.
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The Superintendency for the Development of the Northeast (Sudene) has provided financing for 4 renewables projects in Brazil.
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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.
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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.
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YPF Energía Eléctrica (YPF Luz) is planning to develop a solar project in Argentina, the company’s second project in the country.
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The Department of Energy has awarded $1.7 billion in grants to 11 electric vehicle manufacturing projects across the US.
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Leeward Renewable Energy has closed a $1.25 billion construction warehouse facility to develop a 1GW portfolio of wind, solar and battery storage projects.
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Mining company Codelco has launched a renewables power procurement process in Chile.
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Strata Clean Energy has inked a 20-year tolling agreement with Arizona Public Service (APS) for the Justice Energy Storage project in Phoenix, Arizona.
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The US Federal Trade Commission (FTC) is seeking more information before advancing ConocoPhillips’ $22.5 billion all-stock buy of Marathon Oil.
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Cryptocurrency datacentre and power generation company Greenidge Generation will expand the power of its 12-acre Mississippi bitcoin mining site to 25MW.
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NexEra Energy will sell 100% of the class B preferred interest in its clean power subsidiary Nitro Renewables to Blackstone.
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AES Andes is adding a 764MW solar-plus-storage project to its development pipeline in Chile.
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Oil and gas company Acelen is partnering with investment manager Perfin Infra and Illian Energias Renováveis on a solar project in Brazil.
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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.
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The California Energy Commission (CEC) has adopted a finalised plan for offshore wind development through 2045.
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Della Xu has joined battery energy storage system (BESS) developer, owner and operator GridStor as its senior manager of M&A.
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Atlantic Shores, Attentive Energy, and Community Offshore Wind are the 3 bidders in New Jersey’s fourth offshore wind solicitation.
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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.
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Renewables developer Auren Energia has concluded its acquisition of energy trading company Esfera Energia.
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Renewables developer Helexia has raised R$240 million ($44m) in debentures for distributed solar generation in Brazil.
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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.
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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.
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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.
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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.
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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.
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Renewable energy developer Green Lantern Solar has closed on the sale of 2 fully contracted community solar projects in Maine to Madison Energy Infrastructure.
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BP’s EV charging business has finalised a partnership with real estate investment trust Simon to develop 75 charging Gigahubs across the US.
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The state of Bahia has signed a memorandum of understanding (MoU) with German company Si&Mex Solutions for the implementation of a $2 billion solar panel manufacturing facility in the state.
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State governments across the Northeast have signed a memorandum of understanding (MoU) to coordinate interregional transmission planning.
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Ørsted has closed on its 50% stake in the 924MW offshore Sunrise Wind project from co-developer Eversource Energy.
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Rockland Capital is to acquire the 54MW Ellwood natural gas power station in California from independent power producer GenOn, PFR has learned.
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Brookfield-backed renewable developer Elera Renováveis has signed a solar power purchase agreement with Brazilian water sanitation company BRK Ambiental.
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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.
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Grenergy has reached financial close for the first 2 phases of its Oasis de Atacama solar-plus-storage project in Chile.
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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).
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Nomura Securities’ global co-head of investment banking, Jeff McDermott, has left the bank for Energy Impact Partners.
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Pennybacker Capital Management will acquire a small-scale Miami-based LNG business from New Fortress Energy.
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Aslan Energy Capital has signed a memorandum of understanding (MoU) for the acquisition of land in Mexico for the development of a mammoth ammonia project.
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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.
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Microsoft has agreed to purchase 500,000 tons of carbon dioxide removal (CDR) credits from 1PointFive’s industrial-scale project in Texas.
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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.
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Entropy, a carbon capture and sequestration (CCS) developer subsidiary of Advantage Energy, has reached Final Investment Decision for its Glacier Phase 2 project.
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CDPQ, through its power transmission platform Verene Energia, has agreed to acquire a 124km transmission project from Equatorial Energia.
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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.
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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.
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Dominion Energy has purchased the Kitty Hawk North Wind offshore lease area from Avangrid for $160 million.
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Chile’s Ministry of National Assets has awarded public lands to 6 battery energy storage system projects totalling more than 11GWh of capacity.
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Geothermal technology company XGS Energy has acquired Capuano Engineering Company, a geothermal drilling and completion business.
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SolarBank Corporation has closed its acquisition of Ontario, Canada's solar development and investment business Solar Flow-Through Funds (SFF).
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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.
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Korean EV battery manufacturer SK On has signed a joint development agreement (JDA) with Sakuu, a Silicon Valley-based utility-scale battery provider.
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Power generation company Celepsa has landed a $100 million sustainability-linked loan to support the development of renewable energy in Peru.
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South African developer Phelan Green Energy is planning to develop a $2.3 billion green hydrogen project in Peru.
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Lightsource BP has hired former Green Giraffe Advisory managing director Pascal Schoneburg as senior director, structured finance.
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Arevon Energy has hired Nimmi Kavasery as managing director of project finance at its New York City office.
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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.
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Denver, Colorado-based Elevation Midstream has merged with Platte River Holdings, a subsidiary of ARB Midstream.
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The Department of Energy will offer up to $100 million to fund pilot-scale long-duration energy storage (LDES) projects using non-lithium technologies.
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Lhyfe has signed a memorandum of understanding with Fives to develop green hydrogen to be used in industrial combustion processes.
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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.
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Canadian Infrastructure Bank has finalised a C$283.5 million (US$208m) loan to two Alberta transmission companies to construct a new transmission line.
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AES Andes is planning to develop a $635 million solar-plus-storage project in Chile.
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Zanskar Geothermal & Minerals will acquire the Lightning Dock Geothermal site from Cyrq Energy.
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Delaware will run a 1.2GW offshore wind solicitation after the state passed the highly-debated Energy Solutions Act of 2024.
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Orizon is issuing green bonds to finance the Ure Barueri waste-to-energy project the company is developing in Brazil.
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Santiago-based utility Transelec has acquired a transmission project located in the Antofagasta region of Chile from TotalEnergies.
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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.
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Management firm Riverview Investment Holdings will buy 100% of the interest in subsidiary UGI Development Company from parent UGI Energy Services.
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Neoenergia, through its subsidiary Neoenergia Coelba, has signed a commitment to invest R$1.2 billion ($211m) in distribution networks in Bahia.
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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.
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Distributed US solar asset owner and operator Spruce Power has hired Richard DiMatteo as senior vice president, head of Spruce Pro.
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Brazilian renewables developer 2W Ecobank has appointed Ricardo Levy as chief executive officer.
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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.
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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.
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The Bureau of Ocean Energy Management (BOEM) has given Atlantic Shores Offshore Wind a Record of Decision (RoD) for its 2 projects totalling 2.8GW off the coast of New Jersey. This approval marks the ninth offshore wind farm approved by the Biden-Harris administration.
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ContourGlobal has completed the sale of a portfolio of wind projects in Brazil to alternative asset manager Patria Investimentos and Invenergy.
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The tax equity market was changed forever with the introduction of the Inflation Reduction Act (IRA). As the last of the guidelines for these renewables tax breaks – specifically transferability rules – are ironed out the market has already found innovative ways to take advantage of the new regime.
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California Resources Corporation has closed its $2.1 billion all-stock business combination of Aera Energy.
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Oglethorpe Power will acquire a 465MW peaking power plant in Georgia from global investment firm The Carlyle Group’s affiliate Mackinaw Power Holdings.
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NextDecade has issued $1.115 billion in senior secured notes in a private placement to fund outstanding borrowings and commitments for its Rio Grande LNG facility.
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Brazilian utility Copel has appointed Felipe Gutterres as chief financial and investor relations officer.
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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.
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Distributed generation solar developer Spruce Power Holding Corporation secured a $130 million non-recourse debt facility from global investment manager Barings.
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Independent power producer Northland Power has closed the sale of its La Lucha solar project in Mexico to Cometa Energía, a subsidiary of Saavi Energía.
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Apollo Infrastructure-backed Apterra has hired Ashish Gupta as managing director of its core infrastructure business, effective immediately.
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Chilean power company Colbún has agreed to acquire Inversiones Latin America Power (ILAP) following ILAP’s restructuring process completed earlier this year.
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Gore Street Capital will transfer ownership of its 400MWh California-sited BESS site to Imperial Irrigation District (IID).
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Clean fuels technology company Aether Fuels has secured $34 million in Series A financing from a syndicate of global investors.
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The Bureau of Ocean Energy Management (BOEM) has announced the date of the first Central Atlantic offshore wind lease sale, which could total 6.3GW of generated capacity.
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Eletrobras and pulp and paper manufacturer Suzano have signed a memorandum of understanding to develop green hydrogen and synthetic fuels initiatives in Brazil.
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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.
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