Region
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The Department of Energy (DOE) has awarded $62 million to 20 projects focused on research, development, and deployment of next-generation green hydrogen technology.
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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.
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Google is planning to build its second data centre facility in Latin America.
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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.
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Brazilian development bank BNDES has approved R$1.14 billion ($202m) in financing for 2 solar complexes in Brazil.
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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.
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SunPower's $45 million asset sale to Complete Solaria has received approval from a US bankruptcy court judge.
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Oneok has agreed to acquire Global Infrastructure Partners’ (GIP) interests in EnLink Midstream and Medallion Midstream for $5.9 billion.
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Peruvian investment promotion agency ProInversión has awarded 5 transmission projects in its latest auction to Alupar Perú.
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The Bureau of Ocean Energy Management (BOEM) is exploring offshore wind options off the coast of Hawaii and the US territory of Guam.
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Eneva has secured R$1 billion ($177 million) in financing for a gas-fired power plant the company is developing in Brazil.
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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.
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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.
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Maxeon Solar Technologies’ chief financial officer, Kai Strohbecke, will leave the solar manufacturing company 31 August (2024).
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Mexico Pacific has signed a sales and purchase agreement with Korean energy trading company POSCO International for the company’s LNG terminal in Sonora, Mexico.
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CPS Energy has signed storage capacity agreements with Eolian for 2 Texas battery storage projects totalling 350MW/1,400MWh.
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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.
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Scala Data Centers has signed the Latin America's largest renewable energy supply agreement with Serena Energia.
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Nikola Corporation, the sustainable transportation and infrastructure solutions provider, has appointed Thomas Schmitt as its chief commercial officer.
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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.
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National Storage Affiliates Trust (NSA) and Solar Landscape have teamed up to develop at least 100MW of solar capacity.
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State-owned Empresa Provincial de Energía de Córdoba (EPEC) is partnering with renewables developer Coral Energía on a portfolio of solar assets in Argentina.
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Nu:ionic Technologies and HybriGenix Futures have signed a memorandum of understanding (MoU) to develop a clean power and hydrogen facility in Edmonton, Alberta.
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Brazilian transmission company Taesa has named Rinaldo Pecchio Jr as chief executive of the company.
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Invenergy and Lafayette Square-owned joint venture, Reactivate, has hired Corey Stein as executive vice president of finance.
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AES Andes has received the greenlight from Chile’s Environmental Evaluation Service to proceed with a $800 million hybrid project.
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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.
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Industrial gases and engineering company Linde has agreed to invest $2 billion in a clean hydrogen project in Alberta, Canada.
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Standalone storage development in Chile has arrived with project financing deals finally closing in the last 2 months. The age of battery storage comes as Chile remains riddled with curtailment issues, high exposure to zero marginal cost and price decoupling, especially in the north of Chile.
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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.
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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.
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Brazil’s National Electric Energy Agency (Aneel) has confirmed the September transmission auction but has withdrawn lot 2 from the original set of projects to be tendered.
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Brazilian utility Cemig is planning to issue R$2 billion ($363m) in debentures for its distribution business, Cemig-D, on 15 September 2024.
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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.
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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.
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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.
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Meyer Burger has halted plans to develop a solar cell production facility in Colorado Springs, Colorado and announced restructuring measures.
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The Superintendency for the Development of the Northeast (Sudene) has released R$267 million ($49m) to finance renewable projects in Brazil.
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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.
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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.
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YPF Luz has signed a memorandum of understanding with McEwen Mining to exclusively supply renewable energy to a mining project in Argentina.
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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.
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Spanish renewables developer X-Elio is planning to develop a 94MW solar-plus-storage project in Chile.
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Bioenergy Devco, a waste-to-energy developer, has hired Michael Woodward as president and Dain Santarelli as chief operating officer.
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CPFL Energia is partnering with cement maker Mizu Cimentos to develop a green hydrogen plant in Rio Grande do Norte, Brazil.
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Spanish renewable energy-focused investment platform Qualitas Energy is looking to finance a portfolio of renewable assets in Chile, PFR understands.
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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.
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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.
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Offshore wind port infrastructure developer Clean Energy Terminals (CET) has hired Sloane Perras as its chief legal officer.
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Georgia electricity cooperative Oglethorpe Power has closed on its acquisition of the Walton County Power Plant from Carlyle affiliate Mackinaw Power, PFR has learned.
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Green hydrogen developer Victory Clean Energy has signed a $100 million deal to use green hydrogen production technology of Proton Power.
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Steel manufacturer ArcelorMittal and renewables developer Casa dos Ventos are extending their partnership in Brazil with a solar project.
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Israeli renewable-focused fund Windin Capital is set to close financing for a wind farm the company owns in Chile, PFR understands.
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Brazilian fuels distributor Vibra Energia has entered an agreement to acquire the remaining shares in energy generation and trading company Comerc Energia.
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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.
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Biofuels producer and developer FutureFuel has hired former DSM executive Roeland Polet as its chief executive, effective 3 September 2024.
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SolarBank is planning to develop a 6.41MW ground-mount solar power project called the East Bloomfield project in New York.
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Deriva Energy has secured the domestic content bonus credit and the energy community tax credit bonus for the North Allegheny Wind, Pennsylvania.
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Arevon Energy is readying for financial close on the 60MWac Heirloom Solar Project in Pike County, Indiana.
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Toyota Tsusho America has closed the financing for the 159MW Norton Solar Project in Runnels County, Texas which is being constructed by Avantus.
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Bernhard Capital Partners’ acquisition of Entergy's Louisiana gas systems has been approved by the Louisiana Public Service Commission.
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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.
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Vestas and Brazilian renewables developer Renobrax are planning to develop a wind project in the state of Rio Grande do Sul in Brazil.
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Sustainable infrastructure investment manager Generate Capital has closed a $64 million investment from KeyState Renewables for community solar in New York.
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German renewables developer Uka Group has received approval to move ahead and start construction of its Llanos de Rungue solar project in Chile.
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Swift Current Energy has closed on a tax equity investment from Google for its 800MW Double Black Diamond Solar project in southern Illinois.
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Scout Clean Energy has hired Kris Cheney as chief development officer. Prior to this role Cheney spent 15 years at EDP Renewables North America.
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US-based community solar company Nexamp has teamed up with Trajectory Energy Partners to acquire a 7MW solar portfolio in Illinois.
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Atlas Renewable Energy has inked an agreement to form a joint venture with steel manufacturer ArcelorMittal in Brazil.
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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.
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Boralex has closed a $95 million financing for the 52MW Témiscouata II wind farm in Quebec.
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Elera Renováveis has agreed to sell a project in its Irapuru solar complex in Brazil to food producer Minerva.
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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.
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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.
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Arevon Energy has signed its third environmental attributes purchase agreement with technology giant Meta.
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Scala Data Centers has raised R$1.37 billion ($250m) in green debentures for the company’s SGRUTB09 data centre in Brazil, the largest in Latin America.
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Solar and storage developer MN8 is purchasing a solar portfolio sited in the northeastern US from international power business Vitol, PFR has learned.
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Santiago-based renewables developer Biwo Renovables is adding another standalone battery energy storage system (BESS) project to its development pipeline in Chile.
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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.
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Madison Gas & Electric (MGE) is acquiring 176MW solar and battery energy storage system (BESS) capacity for an estimated $351 million, PFR has learned.
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Houston-based Alpha Omega Power, the utility-scale battery storage developer, owner, and operator, has hired Luke Shillington as chief development officer.
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German developer Soventix is planning a solar-plus-storage project in Chile.
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Asian private investment firm PAG has subscribed to $200 million in aggregate principal amount of convertible notes issued by Canadian Solar.
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Eversouce Energy’s Huntsbrook Offshore Wind (OSW) Hub project has been awarded a Department of Energy (DOE) grant of $89 million.
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Distributed clean energy company Onyx Renewables has hired former Scout Clean Energy executive Eileen Stone as senior vice president (SVP) of M&A.
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YPF Luz has signed a power purchase agreement with telecommunications company Claro in Argentina.
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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.
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Middle-market infrastructure investment firm NOVA Infrastructure has completed the purchase of community solar and battery storage business UGE International.
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Corio Generation has signed a memorandum of understanding with offshore construction business Estaleiros do Brasil (EBR) for the development of offshore wind generation in Brazil.
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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.
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California-based Natron Energy plans to develop a $1.4 billion utility-scale battery manufacturing plant in North Carolina.
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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.
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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).
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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.
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Birch Creek Energy has closed project financing for a Missouri solar farm with Celtic Bank and West Town Bank & Trust.
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Tucson Electric Power (TEP) is planning a 200MW battery energy storage system in southeast Tucson, Arizona.
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Solar developer Brasol has acquired a portfolio of distributed generation solar assets in Brazil from developer BC Energia.
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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.
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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.
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Renewable operator and developer Deriva Energy has hired John Clapp, the former chief financial officer of Scout Clean Energy, as its chief executive.
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Avangrid has executed its second short-term virtual power purchase agreement (VPPA) with Statkraft for a 35MW wind farm in Pennsylvania.
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Atlas Renewable Energy has raised close to R$1.5 billion ($274m) in bonds to finance its Luiz Carlos solar complex in Brazil.
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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.
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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.
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US solar manufacturing company Ebon Solar has announced its plan to develop a nearly $1 billion PV manufacturing plant in Albuquerque, New Mexico.
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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.
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Equinor and Dominion have been named the provisional winners of the Central Atlantic offshore wind lease area tender, totalling $93 million.
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Brazilian utility Cemig has closed the sale of its 45% stake in energy company Aliança Energia to mining company Vale.
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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.
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RWE has executed long-term power purchase agreements (PPAs) with Meta for solar farms in Illinois and Louisiana.
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Prumo Logística and Norwegian renewables company Fuella have signed an area reservation contract for the newly-licensed green hydrogen hub at the Porto do Açu complex.
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Celeo has secured a $100 million bridge loan from Germany’s KfW IPEX-Bank for a portfolio of transmission projects in Chile.
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North American energy development, investment and operating company LS Power has established an independent power producer named Lightning Power.
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CDPQ has invested $158 million with professional services firm WSP Global to fund its acquisition of US energy consulting firm POWER Engineers.
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Atlas Renewable Energy has closed a $289 million financing for the company’s BESS del Desierto project in Chile, marking the company's first financing for standalone batteries in Chile.
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rPlus Energies is seeking financing for its Pleasant Valley Solar II project in Idaho, PFR has learned.
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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.
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Swiss fund manager SUSI Partners has made an investment into a portfolio of battery storage projects, expanding the firm’s partnership with Chilean developer BIWO Renovables.
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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.
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Decarbonisation technology developer 8 Rivers Capital has partnered with Siemens Energy to develop carbon capture turbines.
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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.
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Residential solar developer Terra Energy has landed a MXN$500 million ($26m) loan from Beel Infrastructure Partners in Mexico.
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Fortis-owned Tuscon Electric Power Company (TEP) of Arizona has offered $400 million in 5.2% senior notes due 2034.
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Spanish renewables developer Grenergy reached financial close in July 2024 for the first 2 phases of its Oasis de Atacama solar-plus-storage project in Chile, the largest storage project in the world according to the company.
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Infrastructure and construction company HYCSA Group is launching an energy and sustainability division, HYCSA Green Capital, operating in Mexico.
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Peru’s investment promotion agency ProInversión is set to award 3 projects totalling $101 million in investments in December (2024).
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EmberClear Management has submitted loan applications for 1.8GW peaking plants to the Texas Energy Fund.
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Onyx Renewable Partners has partnered with Telyon, a turnkey renewable developer, to develop 40MW of commercial and industrial (C&I) solar in the US.
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Marubeni Power Corporation will sell its 25% stake in a 775MW Maryland gas-fired combined cycle plant to OPC Energy, PFR has learned.
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Shell Energy’s subsidiary Prime Energy has signed a renewable power purchase agreement with a sanitation company in Brazil.
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Summit Ridge Energy has sold $40 million in transferable tax credits from a Virginia community solar project via the tax credit transfer platform Reunion.
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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.
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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).
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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.
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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.
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Argentine aluminum producer Aluar is expanding its wind farm with 336MW of additional capacity.
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HIF Global has received a $36 million equity commitment from the Japan Organization for Metals and Energy Security (JOGMEC) through Idemitsu Efuels America Corp.
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Renewables developer 360Energy has signed a power purchase agreement with packaging manufacturer Smurfit Westrock in Argentina.
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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.
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Ørsted has partnered with renewable developer Mission Clean Energy to develop 4 standalone battery storage projects, totalling 1GW, across the midwestern US.
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Manulife Investment Management has invested $250 million into Hunt Energy Network to develop and operate dispatchable power resources in ERCOT.
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Leonid Capital Partners, a credit investment manager, has provided a $12 million revolving line of credit to nuclear waste-to-energy developer Zeno Power.
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Radial Power has agreed to acquire 4 community solar projects totalling 22.3MW from Galehead Development.
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Southeast PowerGen has closed on sale of its MPC Generating and Sandersville gas-fired sites to Gulf Pacific Power, PFR has learned.
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Pivot Energy and Microsoft have created a 5-year partnership to develop 500MWac of community solar projects across the US.
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Brazilian development bank BNDES has approved a R$1.394 billion ($248m) financing for RGE Sul Distribuidora de Energia (RGE Sul), a utility operating in the state of Rio Grande do Sul.
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Standard Chartered has invested $235 million in a Texas solar modular factory being developed by global renewable company Trinasolar.
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Spain’s Acciona has agreed to acquire Darby International Capital’s transmission business in Peru.
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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.
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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.
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Greenbacker Capital Management has invested in newly formed 3V Infrastructure, a US-based EV charging infrastructure owner and operator.
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Origis Energy has inked a $71 million tax equity financing from US Bancorp Impact Finance for its Rice Creek Solar project in Florida.
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Argentine renewables developer Eoliasur is planning a $607 million battery energy storage system (BESS) in Chile.
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Bernhard Capital Partners (BCP) yesterday (5 August) agreed to acquire New Mexico Gas Company (NMGC) from Emera in a deal worth $1.25 billion.
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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).
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Aypa Power has closed a $323 million financing led by ING Capital for its 150MW/600MWh Kuna energy storage project outside of Boise, Idaho.
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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.
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rPlus Energies has hired the former senior VP of capital markets at Clearway Energy Group, Natalie Jackson, as CFO.
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J-Power is selling its stake in the Tenaska Virginia Generating Station, PFR has learned.
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SunPower, once a giant in US residential solar technology and energy services, has filed for bankruptcy following months of financial difficulties.
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Brazilian sugar and ethanol producer São Martinho has requested a loan from the International Finance Corporation (IFC) for a biomethane project.
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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.
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Renewables developer Genneia has inked a power purchase agreement with industrial food manufacturer Molino Argentina for renewable power in Argentina.
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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).
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National Grid has hired Sally Librera as president of its New York business and member of the company’s executive committee.
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OCI Global has agreed to sell its Beaumont, Texas-based clean ammonia project to Woodside Energy for $2.35 billion.
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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.
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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.
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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.
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Brazil has created a legal framework and incentivized the development of low-carbon hydrogen in the country.
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Carlyle has agreed to sell Cogentrix Energy, a US independent power producer, to Quantum Capital for around $3 billion.
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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.
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Great Bay Renewables (GBR) has closed its $30 million royalty investment in Nokomis Energy, a distributed generation developer in the Midwest.
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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.
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Beel Infrastructure has requested an equity investment of up to $30 million equivalent in MXN from the International Finance Corporation (IFC).
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Tax advisory firm Foss & Co has hired Kevin Haley, the former head of tax credit capital at Reunion, as its national sales manager.
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Hull Street Energy has agreed to acquire 4 New York thermal power plants from J-Power USA.
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Comerc Energia and KWP Energia have formed a joint venture for the development of floating solar projects in Brazil.
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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.
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The Appalachian Hydrogen Hub (ARCH2) has received its first tranche of financing from the Department of Energy (DOE).
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Santiago-based renewable developer Biwo Renovables is adding a solar project to its development pipeline in Chile.
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YPF and state-owned Malaysian oil and gas company Petronas are partnering on a massive LNG project that will be located in the town of Sierra Grande in the province of Río Negro.
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JetBlue has signed a 12-month agreement to acquire sustainable aviation fuel (SAF) from Diamond Green Diesel (DGD).
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The infrastructure arm of Goldman Sachs Alternatives has made a $440 million investment into US renewable energy platform BrightNight.
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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.
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French renewables company GreenYellow has inked a power purchase agreement under a self-consumption model with a glass manufacturer in Colombia.
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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.
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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.
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The PJM grid operator received dramatically higher prices in its 2025/2026 power market auction, indicating how decreased power supply is causing reliability concerns.
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Atlas Renewable Energy is planning to issue additional bonds for the Luiz Carlos solar complex the company is developing in Brazil.
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Excelsior Energy Capital has signed a multiyear agreement to purchase 2.2GWh of US-manufactured battery cells from Fluence Energy.
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esVolta has secured $258 million in financing led by MUFG for its 980MWh BESS portfolio in Texas.
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Green hydrogen company Plug Power has hired Dean Fullerton as chief operating officer.
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Peru’s ProInversión has prequalified 5 bidders in an upcoming auction that will see the agency award 4 transmission projects totalling $137 million.
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Atlas Renewable Energy has issued R$750 million ($133m) in debentures for the Luiz Carlos solar complex in Brazil.
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The City of Great Falls, Montana, has selected Guzman Energy in its public request for proposals for a wholesale power partner.
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Global Infrastructure Partners (GIP) portfolio company Eolian has closed a $390 million financing facility for a portfolio of renewable energy assets across the US.
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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.
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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.
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Joseph Luca, vice president of infrastructure and power finance at Nomura, has joined Apollo-backed Apterra Infrastructure Capital, PFR has learned.
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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.
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Summit Ridge Energy has closed a tax equity financing from Foss & Co for its Project Vesta Part 1 & 2 in Illinois.
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The Nuclear Company, a utility-scale nuclear developer, has appointed Joe Klecha as chief nuclear officer.
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Paraguay’s National Electricity Administration (ANDE) has received bids from 11 interested parties to sell output on the free market in Brazil.
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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.
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Santiago-based Cristaria Solar SpA is planning to develop a $355 million solar project in Chile.
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The Bureau of Ocean Energy Management has released its final environmental impact (EIS) statement for US Wind’s proposed Maryland Offshore Wind Project.
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ArcLight Infrastructure Partners has launched the renewables-focused investment platform SkyVest Renewables, providing $500 million in capital commitment.
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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 Gulf Coast 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 has been identified as the lender of a $700 million loan to New Fortress Energy 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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Great Bay Renewables, jointly controlled by Altius Renewable Royalties and Apollo-managed funds, has signed a $30 million royalty investment with solar developer Nokomis Energy.
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Law firm Barclay Damon has opened a power and energy construction practice area following a merger with Washington DC–based Shapiro, Lifschitz & Schram (SLS).
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Voltera, a developer, owner, and operator of charging infrastructure for EV fleets, has hired Sylvia Hendron as the company’s first chief development officer.
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Axium Infrastructure’s Coachella subsidiary has closed on the sale of its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
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Renewable developer Genneia raised $60 million in green bonds to support the development of renewable projects in Argentina.
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Ethanol and sugar producer Copersucar has signed a memorandum of understanding with Geo bio gas&carbon for the production of sustainable aviation fuel in Brazil.
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Canadian Solar subsidiary Recurrent Energy has inked a $103 million tax credit agreement with Bank of America for its 160MW North Fork Solar Project in Oklahoma.
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US-based bitcoin mining company CleanSpark has merged with data centre company GRIID in an $155 million all-stock transaction.
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American Electric Power (AEP) has hired William Fehrman as president and chief executive, effective 1 August (2024).
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Community solar provider Ampion Renewable Energy has partnered with fast food chain Wendy’s to help source renewable energy for the company’s restaurants.
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Shell has reached the Final Investment Decision (FID) for its Polaris project, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada.
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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.
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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.
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Ørsted’s 924MW Sunrise Wind project was given its final approval by the Bureau of Ocean Energy Management (BOEM).
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Sumitomo Corporation of Americas has completed a tax equity investment in a portfolio of solar and battery storage projects owned by Pacifico Power.
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Neoenergia has signed a memorandum of understanding (MoU) with the government of Ceará to develop offshore wind generation.
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Low-emission fuels producer ClearSky Global has inked a $168 million investment from a private ESG-focused investment group.
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Belltown Power has put an 850MW battery energy storage (BESS) portfolio in Texas up for sale.
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Solarity and Santander Chile have signed an additional financing line to support the developer’s deployment of distributed generation solar assets in Chile.
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British Columbia-based Cedar LNG, a partnership between Pembina Pipeline and the Haisla Nation, has reached final investment decision.
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Norway’s NorSun is investing $620 million in a 5GW solar manufacturing facility in Oklahoma, its first US-based factory.
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Renewables developer Genneia is planning to issue green bonds for renewable projects in Argentina.
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The National Energy Commission (CNE) has granted a permanent concession to an 83MW solar project in the Dominican Republic.
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MUFG has joined several other major investors in sustainable aviation fuel producer LanzaJet’s $100 million growth equity funding round.
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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.
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CenterPoint Energy subsidiary CenterPoint Energy Houston Electric (CPE Houston) has entered a $300 million term loan to cover damage from category 2 hurricane-like winds and tornadoes in Texas, PFR has learned.
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Peruvian investment promotion agency ProInversión has awarded a trio of transmission projects totalling $329 million in investments.
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8 Rivers Capital, the decarbonisation technology developer, has hired Asheley Kinsey as the company’s chief financial officer.
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Cerberus Capital Management has invested $315.5 million in Eos Energy Enterprises, a manufacturer of zinc-based long duration energy storage systems.
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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.
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Fervo Energy has signed 2 geothermal PPAs totalling 320MW with Southern California Edison (SCE), one of the US’s largest utilities.
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Carbon capture start-up Heirloom Carbon Technologies is set to develop 2 direct air capture (DAC) facilities in Port of Caddo-Bossier, Louisiana.
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Corporación Interamericana para el Financiamiento de Infraestructura (Cifi) has issued a series of green bonds totalling $10 million to finance renewable projects in Latin America.
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EverGen Infrastructure through subsidiary Fraser Valley Biogas has entered into a 20-year agreement with FortisBC Energy for the supply of renewable natural gas.
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Jupiter Power's partnership with local power provider Consumers Energy is to acquire 100MW of battery energy storage in Coldwater, Michigan.
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Commercial-scale clean electricity provider Altus Power is to acquire an 8.5MW solar array sited in New Jersey.
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Peruvian investment promotion agency ProInversión is expected to award $329 million in investments to 3 transmission projects this month (June 2024).
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Air Liquide has signed an agreement to support ExxonMobil's production of low-carbon hydrogen and ammonia at its Baytown, Texas, facility.
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Energy company Pampa Energía has signed a power purchase agreement with beverage company Coca-Cola Andina Argentina.
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Nuclear Fuels has appointed Gregory Huffman as chief executive officer, president and director, effective immediately.
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Canadian pipeline and energy company Enbridge has partnered with Six Nations Energy Development, an energy investment-focused consortium of 6 First Nations, to build a 200MW wind project in Weyburn, Saskatchewan.
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Philadelphia-based Doral Renewables has secured a $400 million minority equity investment from Netherlands pension APG, a subsidiary of ABP.
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A stalled bill to extend tax breaks for data centres in Michigan has been touted as the bellwether for a co-generation comeback.
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Silicon Valley Bank has led the second financing, totalling $230 million, for Sol System's 300MW Eldorado solar project in Illinois, bringing the total financing to $480 million for the project.
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Renewables developer RZK Energia landed financing from Banco do Nordeste (BNB) for distributed solar projects in Brazil.
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The New York State Energy Research Development Authority (NYSERDA) has launched its 8th annual request for proposals for onshore, large-scale renewable energy projects.
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Equinor, through its renewable platform Rio Energy, is planning to turn its 200MW Serra da Babilônia wind project into a hybrid complex by adding a solar plant on site.
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CleanSpark’s subsidiary CSRE Properties Sandersville is acquiring 5 bitcoin mining data centers in Georgia for $25 million.
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The Pacific Northwest Hydrogen Association (PNWH2) has hired Chris Green as its first president.
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The UK's Octopus Energy Group has continued to push into North America with the hire of Nick Chaset as executive vice president.
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State-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has signed a letter of interest for financing from the European Investment Bank (EIB).
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Brazilian oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Rio de Janeiro for the development of offshore wind in the state.
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Omnigen Energy has secured financing for the development of a portfolio of small-scale solar power plants in Brazil.
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Catalyst Power is to buy New-York based electricity and natural gas supplier Robison Energy from V3 Commodities Group.
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Several large energy developers have become investors in tax credit transfer platform Crux Climate through a $18.2 million Series A funding round.
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Charles River Associates, the financial and management consultants, has expanded its US energy practice by hiring Christine Oumansour as vice president.
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energyRE has signed a pair of 15-year PPAs to provide solar power to US Department of Defense facilities in the southeastern US.
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Recurrent Energy has secured $513 million in project financing for its 1,200MWh Papago Storage project located in Maricopa County, Arizona.
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Hecate Grid, a joint venture between an InfraRed Capital Partners managed fund and Hecate Energy, has closed a 4-year $125 million Letter of Credit with MUFG.
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Adapature Renewables has signed a 15-year PPA for a 67MW solar facility in Hunt County, Texas with a Fortune 50 offtaker.
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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.
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Independent Canadian fuel distributor and retailer Parkland Corporation is seeking a buyer for its platform.
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UK electricity provider Octopus Energy has made its first US renewables investment with the acquisition of a pair of solar projects from Vesper Energy.
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Intrepid Investment Management and Meritz Securities have teamed up to pursue credit investments in the North American energy sector.
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Pattern Energy has signed a 30-year PPA with Hydro-Québec for its 150MW Broughton Wind project, located in Québec.
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Biocarbon producer Aymium has closed a $50 million financing with Fortress Investment Group and Kilonova Capital.
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Iberdrola has signed a PPA to supply renewable power to food and beverage manufacturer Millfoods in Mexico.
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GoodLeap has closed a $311.6 million securitisation of residential solar loans originated on its platform.
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energyRe has submitted proposals to the New York Independent System Operator (NYISO) to develop transmission systems bringing offshore wind power to New York City.
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Actis has launched energy platform Orygen in Peru following the company’s acquisition of Enel’s Peruvian generation business.
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Centrais Elétricas de Santa Catarina (Celesc) has landed financing from Brazilian development bank BNDES.
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Neoenergia is issuing R$1 billion ($185m) in debentures to finance transmission lines in Brazil.
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Abraxas Power has selected McDermott as its EPC contractor for the Exploits Valley Renewable Energy Corporation (EVREC) project in Newfoundland and Labrador, which will be Canada's first commercial green hydrogen project.
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Energy storage and RNG developer Captona has closed a preferred equity investment in a community solar and microgrid portfolio owned by Scale Microgrids.
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Tax advisory firm Leo Berwick has hired Colin Schmidt as of the firm's infrastructure, renewables, and energy transition financial group.
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Strategic Value Partners (SVP) and EverGen Power have launched a partnership to invest in North American natural gas generation.
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Brazilian renewables developer Serena Energia (formerly Omega Energia) is issuing R$400 million (74m) in debentures.
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Brazil’s competition regulator CADE has approved the sale of AES’s Brazilian portfolio to renewables developer Auren Energia.
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Middle-market infrastructure investor Tiger Infrastructure Partners is to acquire fully-integrated energy-as-a-service platform Unison Energy.
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Google and NV Energy have formed a partnership to supply the tech giant's Nevada data centres with advanced geothermal electricity.
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Blackstone-owned energy storage business Aypa Power is set to close a $650 million pre-Notice to Proceed development facility, PFR has learned.
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Create Energy and RECOM Technologies have formed a joint venture to develop a 5GW solar PV manufacturing plant in Tennessee.
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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.
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Washington-based Puget Sound Energy (PSE) has closed on the sale of its $800 million schedule A and B senior notes.
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Grupo Energía Bogotá, through its subsidiary Enlaza, has landed the greenlight to proceed with its Colectora transmission project in Colombia.
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BP-owned Archaea Energy and Republic Services have partnered to develop 40 landfill gas-to-renewable natural gas plants, completing construction on their first RNG project.
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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).
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Renewables developer Casa dos Ventos has inked a long-term power purchase agreement for one of the company’s wind projects in Brazil.
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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.
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Plus Power has closed a $133 million financing led by First Citizens Bank and NordLB for its 150MW/300MWh Cranberry Point Energy Storage project in Massachusetts.
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Baker Donelson has hired Stephen Luttrell in the firm’s corporate group, based in Baltimore, Maryland.
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NRG Energy has submitted 3 loan proposals to the Texas Energy Fund (TEF) for 1.6GW of natural gas-powered ERCOT projects.
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Japanese corporate Itochu has made the first investment from its North America renewables-focused fund Overland Capital Partners.
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EDP Renewables North America has secured the rights to sell energy, capacity and ancillary services from its Edgeware BESS battery storage facility in Ontario.
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Export Development Canada (EDC) has led a $136 million equity financing for FLO, a North American EV charging hardware and software provider.
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EDF Renewables has issued debentures for the expansion of the Serra do Seridó wind complex in Brazil.
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Swift Solar has closed a $27 million Series A financing round led by Eni and Fontinalis Partners for advanced solar panel manufacturing.
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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.
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Oil and gas company Ultragaz has acquired a majority stake in renewable energy services and commercialisation platform Witzler Energia.
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Chilean developer Orion Power is planning to develop a standalone battery energy storage system (BESS) in the region of Atacama.
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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.
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EDPR NA Distributed Generation will acquire 4 Illinois community solar projects totalling 20MWac from Renewable Properties.
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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.
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Renewables business Primary Energy has tapped Apterra Infrastructure Capital for the refinancing of its platform, PFR has learned.
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Brazilian development bank BNDES has signed agreements with China Development Bank and the Asian Infrastructure Investment Bank (AIIB) to finance sustainable projects in Brazil.
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YPF Luz, the power generation arm of YPF, is planning to issue up to $50 million in bonds in Argentina.
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Renewable developer Genneia is planning to develop a pair of solar projects in the province of Mendoza.
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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.
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The Canada Growth Fund (CGF) has teamed up with Gibson Energy and Varme Energy to develop Canada's first waste-to-energy facility with carbon capture technology.
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DTE Energy is planning to convert a portion of its retired Trenton Channel coal power plant in Michigan to a 220MW/800MWh battery energy storage system.
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Con Edison has appointed former Evergy executive Kirkland Andrews as CFO as Robert Hoglund transitions toward retirement.
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China’s State Power Investment Corporation (SPIC) is planning to develop a 105MW wind complex in the state of Rio Grande do Norte in Brazil.
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Redeux Energy Partners is to sell a 450MWdc solar portfolio to Pine Gate Renewables.
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Equatorial Energia has requested 2 loans totalling up to $250 million from the International Finance Corporation (IFC).
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Solaris Energy has appointed Nick Perugini as chief executive while current CEO, Alex Blackmer, will become president.
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Eletrobras has completed the sale of a portfolio of gas-fired power plants in Brazil to Âmbar Energia.
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Sunnova Energy International has hired Eric Williams as executive vice president, chief financial officer.
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As the Lone Star State begins to face the climbing summer temperatures, intense weather events, specifically Winter Storm Uri, remain at the top of Texans' minds.
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The Canada Pension Plan Investment Board (CPPIB) has named 3 regional heads to cover Europe and North America for its sustainable energies team.
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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.
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Independent power producer Silicon Ranch will enter 3 sale-leaseback transactions for 704MW of solar photovoltaic projects in Georgia and Kentucky, PFR has learned.
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Tri-State Generation and Transmission Association (Tri-state) will purchase 2 Colorado-based solar projects from JUWI.
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Arevia Power has signed a power purchase agreement with NV Energy for its 700MW/2.8GWh Libra Solar project in Nevada.
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Entergy and NextEra Energy Resources have partnered to develop up to 4.5GW of solar and storage projects over the next 5 years.
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State-owned Eletrobras has signed a memorandum of understanding (MoU) with Prumo Logística to support the development of green hydrogen in Brazil.
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Nexus PMG has made an investment in renewable fuels company Saola Energy.
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Lotus Infrastructure Partner has closed its acquisition of PNE USA, with the developer rebranded as Allium Renewable Energy.
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Entergy has submitted proposals for 2 natural gas power plants to the Public Utility Commission of Texas (TPUC) as the state pushes for new generation as energy demand intensifies.
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Engie is planning to issue up to R$2 billion ($381m) in debentures to finance a wind complex the company is developing in Brazil.
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Biocarbon producer Aymium has closed a $210 million financing from Copenhagen Infrastructure Partners and ECP ForeStar for its Williams production facility at a former California coal plant.
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The Bureau of Ocean Energy Management (BOEM) has approved an Environmental Assessment (EA) for potential offshore wind development off the Delaware, Maryland, and Virginia coasts.
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The Saudi Fund for Development (SFD) has signed an agreement with the government of El Salvador to finance a biogas power plant.
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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.
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Brazilian utility Copel has hired Rodolfo Lima to head its energy trading and commercialization business.
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Goldman Sachs has hired a vice president for its energy tax investing group in New York City.
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Sindicato Energético (Sinersa) has completed the acquisition of a hydroelectric asset from Glencore-owned mining company Volcan in Peru.
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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.
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Renewables developer Auren Energia has agreed to acquire energy trading company Esfera Energia.
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Black Mountain Energy Storage has put up a late stage 1070MW/2140MWh battery energy storage system (BESS) portfolio up for sale.
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Energy Renewal Partners (ERP) has received an investment from lower middle market-focused private equity firm Rockwood Equity Partners.
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Sunrun, a provider of residential solar, storage and energy services, has priced a $886.3 million securitisation of leases and power purchase agreements, known as Sunrun’s solar-as-a-service offering.
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Babcock & Wilcox (B&W) has signed an agreement with NorthStar Clean Energy to convert a former coal-fired power plant to a bioenergy with carbon capture and storage facility.
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The $10 billion Texas Energy Fund (TEF) opened its loan program on 1 June with more than 65 applicants submitting proposals totalling 48GW.
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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.
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Avangrid has signed a power purchase agreement (PPA) with CPS Energy for 161MW of the Peñascal I wind farm in Kenedy County, Texas.
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Grupo Energisa has landed financing from the Brazilian development bank BNDES to support its distribution subsidiaries in Brazil.
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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).
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Miami-based Atlas Renewable Energy is planning to develop a 304MW wind project in Chile.
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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.
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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.
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Atlas Renewable Energy has requested a $55 million loan from IDB Invest for its Shangri-La solar project in Colombia.
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Canadian power provider Hydro One has hired Harry Taylor as executive vice president and chief financial and regulatory officer, effective 10 June (2024).
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Turlock Irrigation District (TID) has issued a request for proposals to offtake renewable energy and storage in California.
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Alupar Investimento has landed a pair of transmission projects in an auction held in March by Chile’s National Electrical Coordinator (CEN).
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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.
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SIBA Energy Corporation has landed long-term financing for a combined-cycle gas fired power plant in the Dominican Republic.
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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.
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Hydro-Québec has revealed plans to add 10GW of wind generation over the next decade, including several First Nations-owned 1GW-sized projects.
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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.
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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).
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Chilean utility Colbún is planning a $1.4 billion energy storage asset in the region of Antofagasta.
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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.
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Oil and gas company Petroquímica Comodoro Rivadavia (PCR) is adding a solar project to its San Luis Norte wind farm in Argentina.
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Brazilian utility Copel and Petrobras have concluded the sale of the Araucária gas-fired power plant they co-owned in Brazil.
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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.
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The New Mexico Public Regulation Commission (NMPRC) has approved PNM Resource's application to integrate 410MW of new solar and energy storage by 2026.
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Vistra will add 2GW of dispatchable, natural gas-fuelled power capacity throughout west, central, and north Texas.
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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.
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Neoenergia is issuing R$1.1 billion ($211m) in debentures to finance transmission lines won in a 2022 auction in Brazil.
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EDPR NA DG's head of capital markets, Sam Egendorf, has left his role at the firm.
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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.
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Clean Energy Fuels has signed an agreement to provide Cemex with 300,000 gallons of renewable natural gas annually.
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Real assets investment management firm Versus Capital Advisors has hired Alicia Chen as director of investments.
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Oil and gas company Petroquímica Comodoro Rivadavia (PCR) has signed a power purchase agreement (PPA) with BBVA in Argentina.
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One Energy Enterprises has sold additional shares of its Series A convertible preferred stock, bringing the company’s fundraising to more than $35 million.
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Chile’s Ministry of Energy and Mines has signed a Memorandum of Understanding (MoU) with the Republic of Korea’s Energy Agency to cooperate on renewable energy.
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Distributed solar and battery development growth platform Apricus Generation has agreed to acquire a controlling interest in Toronto-based Nexus Renewables.
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Global investment firm KKR will acquire Canadian energy and services company Emera’s equity interest in the Labrador Island Link (LIL) transmission site.
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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.
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NOVA Infrastructure is acquiring listed solar and storage developer UGE International in a deal that values the company at C$72 million.
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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.
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Spanish group Uriel Inversiones has received the regulatory greenlight for its Quinquimo solar project in Chile.
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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.
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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.
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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.
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Quidnet Energy has formed a 300MW Texas energy storage project partnership with Hunt Energy Network (HEN).
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The Canada Infrastructure Bank (CIB) will loan HTEC C$337 million ($247m) to accelerate hydrogen production and refuelling infrastructure in British Columbia and Alberta.
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WEC Energy is set to acquire a 90% stake in Invenergy's 298MW Maple Flats solar, PFR has learned.
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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.
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Ferrovial Energy has invested $72 million in a 257MWdc solar plant in Leon County, Texas.
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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.
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Madrid-based Fotowatio Renewable Ventures (FRV) is planning to develop a standalone battery energy storage system (BESS) project in Chile.
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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.
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Brazilian sugar, ethanol and renewable power producer Grupo Zilor has requested financing from the International Finance Corporation (IFC) for the expansion of 1 of its plants.
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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.
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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.
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MPC Energy Solutions (MPCES) has reached financial close on a solar project the firm is developing in Guatemala.
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Pine Gate Renewables has finalised an agreement to provide Meta with the renewable attributes from a 200MW solar project in Texas.
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Argentine power generator Grupo Albanesi, through its subsidiaries Generación Mediterránea and Central Térmica Roca, is planning to issue bonds in the local market.
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Amazon has entered into a power purchase agreement to offtake the entire capacity of the 150MW Fox Squirrel solar phase 1 plant, in Ohio.
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Sunrock Distributed Generation, a commercial solar and distributed generation developer and asset manager, has hired Alan Robertson as head of development.
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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.
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Neoenergia is planning to invest more than R$2.1 billion ($407m) into transmission works between 2024 and 2027 in Brazil.
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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.
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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.
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An Entergy subsidiary has received approval from the Louisiana Public Service Commission (LPSC) to add 3GW of solar generation to its portfolio.
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Renewables development and repowering company PivotGen has named former GE executive Dennis Ford as its senior vice president (VP) of operations.
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The $53 billion merger between oil and natural gas giant Chevron and independent energy company Hess faces legal challenges.
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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.
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Renewable energy provider Pivot Energy has partnered American EV maker Rivian on 60MWdc solar energy projects.
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Large-scale, US-based renewables EPC business Signal Energy is up for grabs with the sale process launched last week.
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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.
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Geothermal technology company XGS Energy has closed a $20 million Series A financing led by Valo Ventures and VoLo Earth Ventures.
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Energy storage company Peak Energy will see its co-founder Liam O'Connor take on the chief operating officer (COO) role.
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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.
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Brazilian utility Alupar has signed a power purchase agreement to supply renewable energy to São Paulo-based real estate company JFL Living.
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QCells' residential solar financing platform EnFin has completed its first asset-backed securities (ABS) transaction totaling $252.86 million.
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Enel has concluded the sale of its distribution businesses in Peru to China Southern Power Grid International (CSGI).
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Innergex Renewable Energy has started commercial operations of its San Andrés battery energy storage project in Chile.
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Adapture Renewables has made several additions to its team, including Donald Brown as general counsel.
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Advantage Capital has hired Steven Lichtin as chief executive and managing director of Advantage Capital Renewables.
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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.
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Madrid-based Fotowatio Renewable Ventures (FRV) is planning to develop a 522MW solar project in Chile.
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Rockland Capital is to acquire electric power generation and distribution company Lanyard Power from Olympus Power, PFR has learned.
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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.
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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.
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Renewable developer Green Lantern Solar is selling 8 metered solar projects in Vermont to Sea Oak Capital.
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Hydro-Québec has signed a power purchase agreement (PPA) for the full capacity of electricity generated by the 300MW Peshu Napeu wind project.
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Spain’s Acciona Energía is partnering with Dominican conglomerate Grupo País on a solar project in the Dominican Republic.
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Abu Dhabi National Oil Company (ADNOC) has acquired an 11.7% stake in phase 1 of NextDecade’s Rio Grande LNG project.
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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.
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Solar developer Delta Energia has raised R$250 million ($49m) in a CRI issuance to support the development of distributed generation solar assets in Brazil.
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Power generation company Pacific Hydro has renewed a power purchase agreement (PPA) with mining company Codelco.
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Global renewables business RWE Clean Energy has acquired a 599MW portfolio from Galehead Development.
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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.
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Origis Energy has secured a $300 million corporate financing facility from KKR to support solar and storage development.
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ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) is planning to issue R$1 billion ($198m) in debentures in Brazil.
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Battery storage provider Powin has hired Kirk Fleischhauer as its chief operating officer.
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Investment firm Carlyle has formed a partnership with Sungage Financial and purchased $450 million in newly issued residential solar loans from the company.
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Energy giant AES has issued $950 million aggregate notes due 2055 at 7.6% to fund the development or redevelopment of clean power projects.
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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.
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Brookfield Asset Management has added an extra $150 million to its investment in PosiGen, a clean power provider for underserved communities in the US.
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Spanish developer ID Energy Group is planning to develop a portfolio of small solar projects in Chile.
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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.
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AES has agreed to sell its Brazilian portfolio totalling 5.2GW of capacity to renewables developer Auren Energia.
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Correlate Energy and Energetic Capital have launched a partnership to develop distributed energy resources for underserved communities.
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Schneider Electric has purchased 45X Advanced Manufacturing Production tax credits from solar module manufacturer Silfab Solar through tax credit transfer platform Crux.
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Galehead Development and electric vehicle manufacturer Rivian Automotive signed an agreement to develop solar projects to power Rivian's EV facilities.
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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).
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Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the second transmission auction to be held this year (2024).
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Wisconsin Electric Power Company will issue $350 million 5% debentures due 15 May 2029.
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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.
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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.
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Renewables developer Genneia has inked a power purchase agreement with PVC and polymers producer Grupo Princz-IPASA in Argentina.
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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.
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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.
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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.
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Apex Clean Energy has closed a $150 million financing with First Citizens Bank for 2 battery storage projects in Texas.
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State-owned Eletrobras has signed a pair of memoranda of understanding (MoU) to support the development of green hydrogen in Brazil.
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Brazilian renewable developer 2W Ecobank is evaluating a proposal to sell a controlling stake in the company.
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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.
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The US has raised tariffs on a host of imported goods from China, including solar panels, batteries and EVs.
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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.
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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.
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Engie has requested permission to cease operations of its remaining coal-fired power plants in Chile.
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Nuclear fission company Oklo has signed a memorandum of understanding (MoU) with Atomic Alchemy to produce isotopes, necessary for creating and recycling fast reactors.
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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.
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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.
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Brazilian utility Copel is planning to divest from a portfolio of small generation assets the company owns through its subsidiary Copel Geração e Transmissão.
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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.
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Aiga Capital Partners has raised $208 million for its inaugural climate fund, surpassing the halfway mark towards its $400 million target.
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The National Energy Commission (CNE) has granted a permanent concession to phase 2 of the Montecristi solar project in the Dominican Republic.
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MUFG has hired the former project finance director of syndications at Crédit Agricole CIB, PFR has learned.
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Oklahoma-based midstream natural gas company ONEOK will acquire 450 miles of natural gas liquids (NGL) pipeline from Houston, Texas midstream business Easton Energy.
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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.
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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.
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Riley Exploration Permian has closed on its $20.5 million purchase of oil and natural gas properties in Eddy County, New Mexico.
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State-owned utility ENEE (Empresa Nacional de Energía Eléctrica) has launched an international auction for the construction of a $132.5 million transmission project in Honduras.
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Bitcoin mining company Genesis Digital Assets has signed a power purchase agreement with YPF Luz in Argentina.
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Investment and asset management firm Exus Management Partners has hired former Crédit Agricole CIB director as head of project finance for North America.
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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.
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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.
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Massachusetts-based Electric Hydrogen has inked a $100 million corporate financing led by HSBC to grow its production of 100MW electrolyser plants.
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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.
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Nautilus Solar Energy and TurningPoint Energy (TPE) have partnered on a 29.3MW portfolio of community solar projects in Illinois.
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Renewable developer AXS Energia has landed financing for a portfolio of solar DG assets in Brazil from Corporación Interamericana para el Financiamiento de Infraestructura (Cifi).
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Mexico’s Comisión Federal de Electricidad (CFE) has secured a €150 million ($161m) line of credit for the implementation of a floating solar project.
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Carey International Group (CIG) has hired Christopher Kane as its chief investment officer as the company grows its US renewables and real estate portfolio.
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Atlantic Shores and Dominion Energy are facing lawsuits from several non-profit organizations, which claim the companies' offshore wind projects violate environmental protection laws.
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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.
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Boston Consulting Group has signed a 5-year contract with World Energy to purchase sustainable aviation fuel certificates (SAFc).
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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.
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TPG Rise Climate has agreed to acquire Southern California-based independent renewable fuels and refined products storage business Olympus Terminals.
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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.
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Renewable developer Recurrent Energy is planning to develop a 250MW solar project in Chile.
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State-owned oil and gas giant Petrobras has signed a memorandum of intent (MoI) with power generation company Karpowership to partner in the natural gas and power sectors.
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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.
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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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Southern Company has issued $1.1 billion in convertible senior unsecured notes due 15 June 2027 via a private placement.
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Atlas Energy Solutions has appointed Blake McCarthy as its chief financial officer, effective 13 May 2024, PFR has learned.
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