Regulatory Agency / Government
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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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Tri-State Generation and Transmission Association has received a key state-level regulatory approval from the Colorado Public Utilities Commission (CPUC) on the $75 million sale of its transmission facilities, contracts, and assets to United Power, PFR has learned.
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Electricity and power generation company Vistra has received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor. It is the final approval needed in a $6.3 billion merger that will rebrand Vistra as renewables mega firm Vistra Vision.
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Crowell & Moring has hired Ruta Kalvaitis Skučas as partner in the law firm's environment, energy, and natural resources practice group.
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The Bureau of Land Management (BLM) has announced its plan for solar projects across the western US through an updated roadmap as part of its solar development plan for the region.
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The Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporations (NuScale) have terminated their Carbon Free Power Project (CFPP) located at the Idaho National Laboratory.
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The Alberta government has paused approval of renewable generation projects as the Alberta Utilities Commission (AUC) reviews recent policy issues and competing public interest factors.
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Minnesota Power and Great River Energy's joint transmission project, Northland Reliability Project, has reached another step in the state regulatory process.
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The Chilean subsidiary of AES Corp has found a new buyer for its 50% stake in the 764 MW Guacolda coal-fired power plant in Atacama.
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The US Bureau of Ocean Energy Management has kicked off its environmental review of Ørsted and Eversource’s Revolution Wind project off the coast of New England.
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Spanish law firm Cuatrecasas has snagged energy lawyer Fabio Ardila from competitor Gómez-Pinzón to work from the Bogota office in Colombia.
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DPP Holdings, the Chilean subsidiary of Canada’s Distributed Power Partners, has begun the permitting process for a 12.5 MW (DC) solar unit in the country’s Antofagasta region under the PMGD (Pequeños Medios de Generación Distribuida) distributed generation scheme.
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Sempra Energy has reached financial close on the sale of its Chilean assets to State Grid International Development, after announcing the agreement in October of last year.
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German renewable energy start-up Energy Kitchen is adding a 95.2 MW wind project with a battery storage system to its Chilean wind pipeline while it works on three other smaller-scale projects in the country.
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A group of banks led by IDB Invest are about to launch a liquidity credit line to help Chilean power companies impacted by the freeze in power prices implemented at the end of 2019.
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The government of Brazil is sticking to its guns, trying to push through the privatization of Eletrobras in this calendar year.
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Developers in Mexico presented bids on June 15 to participate in a tender for geothermal exploration and drilling projects in the country, which has been in the works since 2018.
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Ecuador's state-owned utility Ecuador Electric Corp has launched a procurement process for a 14.8 MW (DC) solar project with a battery storage unit on the Galapagos islands.
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BNDESPar, the private investment arm of Brazilian development bank BNDES, has hired a financial adviser to assist with the sale of its stake in AES Tietê Energia.
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French energy company Engie has closed a R$2.51 billion ($485 million) loan with Brazilian development bank BNDES to finance the construction of its Novo Estado transmission line project.
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Canada's Polaris Infrastructure is looking to enter the Panamanian power market with the acquisition of a 10 MW hydro plant from Navitas Holdings.
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Zona Energía's private auction in Chile will benefit from a reform that bans Chile's power distribution companies from selling power to large consumers known as clientes libres or free clients.
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Chilean company Saggitar is moving forward with the development of a small-scale solar project that will qualify under the country's PMGD (Pequeños Medios de Generación Distribuida) distribution generation scheme.
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Mexico's Business Coordinating Council has hit back at transmission fee hikes by state-owned utility Comisión Federal de Electricidad (CFE), describing the policy as “illegal and inadmissible” and "indefensible."
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Argentinian developer Central Puerto has begun selling generation from a wind project in Tucumán province to Swedish auto company Scania under a long-term power purchase agreement.
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An infrastructure and energy lawyer is among six attorneys recently promoted to partner by Brazilian law firm Mattos Filho.
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Market participants in Mexico say new transmission costs imposed on power projects approved before the 2014 Energy Reform – known as proyectos legados – will have a trickle-down effect in the sector harming the asset's developers, equity investors, lenders and off-takers.
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Chile’s economic development agency Corfo is launching a $39 million credit line for renewable energy and energy efficiency projects in the country.
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Sempra Energy aiming to close the previously announced sale of its Chilean assets to State Grid International Development on June 24.
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Solar developer Solek is plotting a sixth small-scale solar project in Chile, adding 7 MW (DC) of capacity to its 49.27 MW (DC) portfolio.
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The Brazilian subsidiary of Chinese company CGN Energy plans to invest R$1 billion ($201.52 million) in the construction of a seven-phase wind project in the country.
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Mexico’s state-owned Comisión Federal de Electricidad (CFE) is planning a procurement process for a transmission project in the state of Baja California, adding to the country’s transmission pipeline.
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Petrobras has issued a teaser for the sale of its stakes in five gas, oil, diesel-fired and small hydro plants in Brazil.
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The Inter-American Development Bank is arranging a $280 million debt package for Ecuador to diversify and improve the country’s energy matrix and boost renewable energy sources.
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Canada's Polaris Infrastructure has closed a $27 million debt package from Brookfield Asset Management's Infrastructure Debt Fund for a portfolio of hydro projects in Peru.
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Spain’s Elawan Energy has inked an agreement with Brazil’s Secretariat of Economic Development (SDE) to develop a 16 MW wind farm in the Brazilian state of Bahia.
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Battery storage company Leclanché has secured construction financing for a 36.5 MW solar-plus-storage unit on the Caribbean island of St Kitts.
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Colombian power producer Isagén is plotting the development of its first wind farm in the country, which would be Colombia's largest to date.
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Spain’s OPDEnergy has agreed to sell a majority stake in two solar parks in Mexico to Riverstone Holdings and is also planning to launch a joint venture with the asset management firm.
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Spain's Solarpack is planning to sell a 9 MW solar project that is under construction in the Chilean region of Maule.
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Greenpeace and the Mexican Center for Environmental Law (CEMDA) have secured a temporary suspension of policies introduced by Mexican grid operator Cenace and the Secretariat of Energy (SENER) that threaten to delay the interconnection of renewable energy projects in the country.
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Spain's Acciona is developing a 43.2 MW wind farm in the Chilean region of La Araucanía – its seventh project in the country.
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Enel has brought forward the schedule for shuttering its two coal-fired units in Chile from 2024 to 2022.
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Colombian power distributor Electrificadora de Huila (Electrohuila) is preparing to begin construction on a 24.23-mile (39 km) transmission line in the southern state of Huila.
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EDF has received the green light to acquire up to 600 MW of wind projects in Brazil from developer PEC Energy, a subsidiary of Grupo Engeform.
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Mexico’s state-owned Comisión Federal de Electricidad (CFE) has launched a tender for a 25 MW geothermal project.
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Developers in Argentina have faced an inhospitable project finance market since 2018, but the country's leading wind developer Genneia has managed to finance no fewer than nine wind projects in the past two years, using creative structures including the company's first ECA-backed corporate loan.
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Argentinian independent power producer Stoneway Capital Corp has secured a forebearance agreement from its creditors, who had been discussing foreclosure in mid-March.
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Canadian renewable energy developer Saturn Power has obtained an operating permit for a 6 MW solar project in Bermuda.
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Spanish conglomerate Activos en Renta Grupo Corporativo and Chilean developer Energías Renovables Saintec are in the process of permitting a 54.45 MW solar project in the country’s Atacama region.
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Panama's state-owned transmission company Empresa de Transmisión Eléctrica (Etesa) must reevaluate its proposed Fourth Line project (Cuarta Línea) on the Atlantic coast, after the country's Public Services Authority (ASEP) rejected its latest proposal.
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Uriel Renovables, the renewable branch of Spanish holding company Uriel Inversiones, is developing a small-scale solar project in the Chilean region of Ñuble
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Colombia's Mines and Energy Planning Unit (UPME) has pushed back the procurement process for a transmission line in the country's Caribbean region by a month – it is the fourth delay since the coronavirus pandemic hit the country.
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Spain's Grenergy Renovables is planning to sell a five-project portfolio of solar projects totaling 52 MW in Chile.
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A Chilean developer is looking for an investor to acquire a majority stake in a 150 MW distributed generation portfolio in the country.
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A group of renewable energy developers in Mexico have won a legal reprieve against grid operator Cenace' suspension of interconnections for wind and solar projects.
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Eosol Energy, the renewable arm of Spain’s engineering company Grupo Eosol, is developing a 227.46 MW (DC) solar project in Chile.
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Atlas Renewable Energy is negotiating an up to $90 million financing with IDB Invest to fund the expansion of its Juazeiro solar project in Brazil.
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Colombia’s Mines and Energy Planning Unit (UPME) is plotting a tender for the development of battery storage units and several substations on the country’s Caribbean coast.
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Chile’s Verano Capital is working on a 90 MW solar park in Antofagasta, which is expected to require an investment of $90 million.
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Development finance institution IDB Invest is preparing a debt package for Naturgy Energy's distribution companies in Panama, which are facing liquidity problems as a result of the government's response to Covid-19.
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Petrobras has started the non-binding phase of the sale of its minority stake in natural gas pipeline network Nova Transportadora do Sudeste.
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Mexico's Secretariat of Energy (SENER) has officially announced a measure to limit the development of renewable projects in the country, prompting a backlash from industry groups.
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Cuba is moving forward with the expansion of a state-owned small-scale solar park that will double the project's capacity.
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Independent power producer Sonnedix has added to its renewable energy development pipeline in Chile with a 150 MW (DC) solar project.
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Engie plans to invest some R$3 billion ($515 million) to build the 1,800 km Novo Estado transmission line in Brazil.
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IDB Invest is preparing a credit line for AES Corp's distribution subsidiaries in El Salvador, which face liquidity challenges as a result of government measures to mitigate the effect of the Covid-19 pandemic on consumers.
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While Mexico's power sector grapples with the country's power pandemic policy, the Secretariat of Energy (SENER) plans a new measure that could further harm renewables.
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Paraguay's Administración Nacional de Electricidad (ANDE) has received bids for the development of a substation project that already has financing in place from the European Investment Bank.
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Brazil’s antitrust regulator Cade has approved EDP Grid’s acquisition of distributed solar projects in the country.
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Chile's Sphera Energy is developing a 150 MW PMGD (Pequeños Medios de Generación Distribuida) distributed solar portfolio in the country.
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Colombia's Mines and Energy Planning Unit (UPME) has delayed the procurement process for a transmission line in the country's Caribbean region for the third time since COVID-19 hit the country.
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Enel Green Power is moving forward with the transmission work for its first wind project in Colombia.
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Mexico's competition authority, Cofece, has denounced grid operator Cenace's suspension of the interconnection of renewable energy projects as an unclear, unfair policy that is harmful to future investments.
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Global Power Generation, a subsidiary of Spain's Naturgy Energy Group, is working on a 101 MW solar project in Chile, its third renewable energy asset in the country.
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In January 2020, Colombia's Termocandelaria Power Limited built on its success in the international bond market with a $186 million tap to finance the conversion of a 20-year old peaker into what it says will be the country’s most efficient gas-fired generation project.
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French independent power producer Neoen has halted operations at a recently completed solar project in Mexico following the suspension of the interconnection of renewable assets in the country, ostensibly because of Covid-19.
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Enel Green Power Panama has signed an agreement to sell international renewable energy certificates from a solar project in Panama to German firm First Climate.
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A Mexican industry association has threatened Mexico's National Center for Energy (Cenace) with legal actions after the regulatory body introduced measures that could further harm renewable energy projects in the country.
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Spanish developer OPDEnergy has announced its first solar park in the US, which will have a 15-year power purchase agreement with the Tennessee Valley Authority.
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French developer Cap Vert Energie is laying the groundwork for a small-scale solar project to add to its PMGD (Pequeños medios de generación distribuida) pipeline in Chile.
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Solar developer Solek is plotting a portfolio of small-scale solar projects, having filed environmental paperwork for five assets totaling 49.27 MW in the past month.
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Blackstone company Fisterra Energy is pursuing the refinancing of a combined-cycle gas-fired plant in Mexico, which was meant to start operating in December of last year.
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Guatemala’s power distributor Energuate has awarded five-year power purchase agreements to four companies as a result of a tender process that began earlier this year.
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Chilean company Saggitar is plotting the development of a small-scale solar duo, expected to qualify under the country's PMGD (Pequeños Medios de Generación Distribuida) distributed generation scheme.
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Atlas Renewable Energy, the Latin American renewable energy portfolio company of private equity firm Actis, is working with a commercial bank and two DFIs to structure the financing of a 444 MW (DC) solar project in Mexico.
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Independent power producer Sonnedix is moving forward with the development of a battery storage system attached to a small-scale solar asset in Chile.
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IDB Invest is preparing to lend $1.1 billion to the Chilean power sector, which has been struggling to make ends meet after the implementation of new regulatory measures in the past six months.
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Colombia’s Interconexión Eléctrica has requested regulatory approval for a transmission and substation project it won in a tender last year.
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Jinko Solar has sold a 155 MW (DC) operational solar project pair in Mexico to White River Renewables, a joint venture between U.S. private equity firm Riverstone Holdings and Switzerland’s White Summit Capital.
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Enel Green Power has signed a five-year power purchase agreement to supply 42 GWh of energy per year to a Guatemalan distribution company.
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Spanish conglomerate Activos en Renta Grupo Corporativo and Chilean developer Energías Renovables Saintec are plotting a 167 MW solar project in the country.
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Spain's Grupo Ibereólica has begun the permitting process for a 180 MW wind project in Chile.
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Peruvian state agency Proinversión has launched a procurement process for the development of two substation and transmission projects in the country.
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AES Gener has expanded its wind project development pipeline in Chile by adding a second phase to a previously approved, pre-construction project in the country.
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The World Bank’s International Finance Corporation (IFC) is arranging a debt package to finance solar projects in Panama.
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A consortium led by infrastructure fund manager AVAIO Capital has appointed MUFG as financial adviser for an LNG export project on the west coast of Mexico.
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Total’s renewable energy subsidiary Total Eren is plotting the second phase of a three-stage solar park in Chile, after acquiring a stake in the first phase of the project.
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AES Gener is preparing to launch a $500 million capital raise to fund its 1.6 GW solar and wind pipeline in Chile and Colombia, having obtained approval from its existing shareholders.
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EDP Renováveis has secured a 15-year power purchase agreement for a solar project in Mexico with a local energy services company.
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Colombia’s Mines and Energy Planning Unit (UPME) has delayed the procurement process for a transmission line in the country’s Caribbean region for the second time in a month.
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An Argentinian power industry association has warned that the sector could face bankruptcies as the government implements the pesification of power contracts and denies inflation adjustments to struggling generators.
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Sempra Energy is nearing the close of the sale of its Peruvian assets to a Chinese buyer having received all required government authorizations.
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Developers are unsure what to expect from Mexico's soon-to-be-announced private sector investment plan for energy projects, after President Andrés Manuel López Obrador made comments both against and in favor of renewable energy in recent weeks.
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Ecuador’s Ministry of Energy and Non-renewable Natural Resources has postponed the tenders for two renewable projects in the country for the second time because of the Covid-19 pandemic.
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Spain’s Solarpack is moving forward with the development of a 187 MW solar project in Chile.
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Unpaid power bills in Argentina are causing delays in payments from distribution companies to state-owned wholesale power administrator Cammesa, with knock on effects for generators.
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Spain’s OPDEnergy is moving forward with the development of a 90 MW solar project in Chile, after receiving approval from environmental authorities.
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Despite recent progress toward a tender process for a politically contentious LNG regasification project on the Colombian Pacific coast, expectations among developers and project finance bankers are muted, given the challenges the project faces.
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A group of renewable energy companies have written to the Chilean government to warn it that recent policy changes in response to protests and the Covid-19 pandemic threaten to stifle international investment in the sector.
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Mexico's state-owned Federal Electricity Commission (CFE) is structuring three tenders for transmission projects in the country.
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Spain’s X-Elio is moving forward with the development of a 90 MW solar park with a battery storage unit in Chile.
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Chile’s Energías Renovables Saintec is moving forward with the development of a 217.8 MW solar park in Chile after getting approval from the country's environmental authority.
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EnfraGen, a subsidiary of U.S.-based Glenfarne Group, is aiming to close the financing of a roughly 200 MW solar portfolio in Chile by the end of summer.
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A sponsor has been looking to finance two solar projects in Chile for several months, albeit unsuccessfully so far.
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Colombia's Renewable Energy Association (SER) has requested an extension in the construction timelines of solar and wind parks awarded contracts during Colombia's renewable auction last fall.
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Vienna-headquartered AustrianSolar is moving forward with the development of a 141 MW solar project in Chile.
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Colombia’s Mines and Energy Planning Unit (UPME) has pushed back by three weeks the procurement process for a transmission line in the country’s Caribbean region.
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Panama's state-owned transmission company Etesa has awarded short-term power purchase agreements with distribution companies to 18 generation companies.
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The sponsor of a combined-cycle gas-fired plant in Mexico has begun talks with bankers to refinance the asset after it starts operations.
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The non-bank financial institution Corporación Interamericana para el Financiamiento de Infraestructura (CIFI) has provided a debt package for a solar portfolio developed under Chile’s PMGD (Pequeños Medios de Generación Distribuida) distributed generation scheme.
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Mexico's Federal Electricity Commission (CFE) has quietly pushed back the procurement processes for combined-cycle gas-fired plants and a transmission line until the end of spring as a result of the Covid-19 pandemic.
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The procurement process for an 860 MW CCGT project in Mexico has been pushed back by several weeks as the country's economy reels and state-owned utility Comisión Federal de Electricidad, which is running the process, suffers a credit rating downgrade.
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Ecuador's state-owned Ecuador Electric Corporation (CELEC) has delayed the tender for a 14.8 MW (DC) solar project with a battery storage unit on the Galapagos islands.
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The Chilean subsidiary of French developer Cap Vert Energie has begun the permitting process for two solar projects that are expected to qualify under the country's PMGD (Pequeños Medios de Generación Distribuida) distributed generation scheme.
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British asset manager NextEnergy Capital has announced the acquisition of a 36.1 MW (DC) solar project in Mexico.
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Colombia’s Celsia is moving forward with the development of an almost 200 MW gas-fired project in the country.
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Ecuador’s Ministry of Energy and Non-renewable Natural Resources has postponed the procurement process for two renewable projects in the country because of the Covid-19 pandemic.
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Delays in the construction of a transmission line in Colombia because of the Covid-19 crisis could put several development-stage wind farms in the La Guajira department under financial duress.
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AES Gener is plotting the development of a 140 MW wind asset in Chile, the third for which the company has filed paperwork this month.
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The South Korean owners of a gas-fired plant in Chile began looking to refinance it through a private placement a few months ago, but market conditions may act as a deterrent, say bankers.
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Colombia’s Mines and Energy Planning Unit (UPME) has appointed an interim director after the previous incumbent, who oversaw the introduction of renewable energy auctions in the country, announced his resignation.
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Lima-based generation company Atria Energía is plotting a 66 MW solar park in Chile.
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The Japan Bank for International Cooperation (JBIC) has granted a $200 million loan to development finance institution Cooperación Andina de Fomento (CAF) to finance renewable projects in four Latin American countries.
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Zona Energía, owned by construction and real estate conglomerate Grupo Ebco, is preparing to move forward with its private-sector power auction in Chile despite disruption caused by the Covid-19 crisis.
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Colombia’s Empresas Públicas de Medellín (EPM) and the consortium Consorcio Energía de la Costa, led by Colombian businessman Alberto Ríos, have won the reprivatization auction for power distributor Electricaribe, which will be split into two companies as a result.
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Project finance bankers in New York are eyeing PMGD (Pequeños Medios de Generación Distribuida) solar portfolios in Chile, which have become attractive investments—at least until the law changes.
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Atlas Renewable Energy, the Latin American renewables portfolio company of private equity firm Actis, is plotting the development of an 854 MW solar park in Chile.
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The results of a private power auction being run by Bravos Energía in Mexico were expected to be revealed this month but have been delayed until May.
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AES Gener is plotting the development of a 280 MW wind farm in Chile, as part of its strategy to increase investment in renewables in the country.
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CFEnergía, the fuel marketing arm of Mexico’s state-owned utility Federal Electricity Commission (CFE), has approved investment plans for two combined-cycle gas-fired projects in the country.
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Taiwan's General Energy Solutions (GES), through its local subsidiary Electronic JRC, obtained permission to increase the capacity of its solar park in the Dominican Republic.
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Colombia’s Celsia, owned by Grupo Argos, has announced it will not bid for Colombian power distributor Electricaribe in the auction on March 20.
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The tender for a 65 MW solar project in Uruguay has been postponed for the seventh time in six months.
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Developers in Mexico have been left waiting for the government to release its private investment plan for energy projects following a delay by the administration.
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Chile’s National Electric Coordinator (NEC) has asked power companies in the country to submit plans to confront possible disruptions caused by the Covid-19 pandemic, as Chile sees the number of patients rise.
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Prospective buyers are presenting their final offers today for Colombian power distributor Electricaribe in an auction scheduled for March 20.
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Colombia’s Celsia has won the contract to develop a substation and transmission project in the country, out-bidding two other Colombian powerhouses.
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Colombia’s Interconexión Eléctrica (ISA) has inked an agreement to acquire a Peruvian transmission company from I Squared Capital.
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Chilean developer Invener, owned by the real estate and construction group EBCO, is plotting the development of a 258 MW wind project in Chile.
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Colombia’s Interconexión Eléctrica (ISA) has won the contract to build a transmission line in the country, after out-bidding four other companies.
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Argentinian independent power producer Stoneway Capital Corp. is embarking on what could be a lengthy restructuring process after bondholders declined to extend the maturity of debt due to be repaid this month.
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Engie Energía Chile has inked a power purchase agreement with Chilean fishing company Corpesca to supply its operations in the country from renewable sources.
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Ecuador’s state-owned electric corporation CELEC has announced a tender for a 14.8 MW (DC) solar project with a battery storage unit on the Galapagos islands.
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The Private Financing Advisory Network (PFAN) has launched a request for proposals for clean energy projects in the Caribbean and Central America.
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Mexico’s state-owned Federal Electricity Commission (CFE) has launched a tender to find a gas supplier for gas-fired projects in the state of Baja California Sur, Mexico.
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Trina Solar has reached financial close on a solar park in Colombia with loans from local entities.
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Colombia's National Authority of Environmental Licenses (ANLA) has refuted a claim by Empresas Públicas de Medellín (EPM) that the company had received approval to move forward with the construction of its 2.4 GW Ituango hydro project.
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Spain’s Naturgy Energy Group has announced it will invest €750 million ($843.2 million) in Panama’s electric distribution grid over the next ten years.
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Uruguay's state-owned utility company Administración Nacional de Usinas y Transmisiones Eléctricas (UTE) has postponed the tender for a 65 MW solar project in the country for the sixth time.
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Korea Electric Power Co. (Kepco) and fund manager Sprott Korea have mandated a commercial bank for the financings of two solar projects they jointly own in Mexico.
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Dominican utility company Empresa Generadora de Electricidad Haina (EGE Haina) has inked a power purchase agreement with mining company Falconbridge Dominicana (Falcondo) for a solar project in the province of San Cristobal.
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Corporación Andina de Fomento (CAF) has agreed to provide a $300 million loan for infrastructure projects in Argentina—including power generation and transmission assets.
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Engie Energía Chile is finally moving forward with its first wind farm in Chile, which was stalled for months because of an arbitration claim.
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AES Gener has announced a $1.8 billion investment in solar and wind projects in Chile and Colombia with a total capacity of 1.6 GW.
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Chile’s Grupo Transelec will develop the transmission line to connect a Mainstream Renewable Power 156 MW wind project to the grid, which is part of the second phase of the 1.3 GW Andes Renovables portfolio.
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Conelsur, a Peruvian transmission company owned by Chile’s Grupo Transelec, has acquired mining company Grupo Minero Buenaventura’s Peruvian transmission subsidiary Consorcio Energético de Huancavelica (Conenhua).
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Uruguay’s state-owned utility company Administración Nacional de Usinas y Transmisiones Eléctricas (UTE) has postponed the tender for a 65 MW solar project in the country for the fifth time.
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Seven companies have presented bids for a transmission project in a procurement process arranged by Panama's state-owned transmission company Empresa de Transmisión Eléctrica (Etesa).
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Arroyo Energy has mandated two commercial banks to structure the refinancing of a gas-fired project in Mexico.
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Panama's state-owned transmission company Empresa de Transmisión Eléctrica (Etesa) is restructuring the tender for the country's Fourth Line (Cuarta Línea) on the Atlantic coast after the procurement process was suspended in May 2019.
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New details have emerged on the financing and construction of two Chilean projects owned by Spanish developer OPDEnergy.
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Austrian solar developer Clean Capital Energy (CCE) is developing an 86 MW project in Chile, the second of the four projects the company is eying in the country.
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Colombian public utility regulator SuperServicios has postponed the auction to sell struggling power distributor Electricaribe.
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Dominican utility company Empresa Generadora de Electricidad Haina (EGE Haina) is developing a 120 MW (DC) solar park in the Dominican Republic and has signed an engineering, procurement, and construction contract.
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Enel Green Power Chile is plotting the development of a 317 MW solar park in Chile, the fourth large solar project for which the company has filed paperwork in the past few months.
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IEnova, a subsidiary of Sempra Energy, has announced it will make its final investment decision on the addition of liquefaction facilities to the Energía Costa Azul (ECA) LNG terminal in Mexico by March of this year.
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Investors from across the natural gas value chain are eyeing a soon-to-be-tendered regasification plant in the Colombian Pacific coast, which has been in the works since 2017.
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Chile’s National Electric Coordinator (NEC) has launched tenders for eleven new transmission projects in the country after awarding eight other projects to five companies ten days ago.
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Enel Green Power Chile is plotting the development of a 181 MW solar park in Chile, in line with its strategy to increase renewable power sources in the country by 2022.
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Five companies have won contracts to develop eight new transmission projects in Chile, which bankers and institutional investors in New York are following carefully for financing opportunities.
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Ecuador’s state-owned energy company, Petroamazonas, has launched tenders for oil and gas-fired projects totaling 232 MW to power its oil fields in the Amazon region.
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Colombia's Ecopetrol has decided that it will own its second solar project in the country instead of buying the generation under a power purchase agreement as it did with its first.
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Thirty-nine generation companies have presented bids for a public auction run by Panama's state-owned transmission company Etesa, which will award the winners short-term power purchase agreements with distribution companies.
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Engie Group is developing a pair of solar projects totaling 553 MW in the Mexican state of Tlaxcala.
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A year after private equity firm I Squared Capital completed the acquisition of a large renewable energy portfolio in Latin America, the fund has consolidated its assets by refreshing the debt at both the holdco and project level.
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Spain’s Continua Energías Positivas has received approval from Peru’s Ministry of Energy and Mines a solar duo totaling 160 MW in the country.
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Bravos Energía's private power auction has attracted bids from 28 companies, on the supply and demand side, and is moving forward despite comments made by Mexico's National Center for Energy Control (Cenace).
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Chile’s National Energy Commission (CNE) has announced a delay to the country's 2020 power auction in response to the latest energy demand projections, which are lower than previously forecasted.
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As the Mexican government upends incentives, self-supply contracts and the market for clean energy certificates, project finance and investment bankers in New York and developers in Mexico City are attempting to gauge the impact and decipher the administration's motives.
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Spain's Naturgy Energy Group has devalued its stake in power distributor Electricaribe and initiated suits against insurers, as it waits for a resolution of its arbitration claim against the Colombian government.
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Celeo Redes, through its subsidiary Casablanca Transmisora de Energía (CASTE), is moving forward with the permitting process for two transmission projects in Chile—one of which already has financing in place.
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Brookfield Asset Management is moving forward with the acquisition of a 278 MW development-stage solar portfolio in Brazil from a subsidiary of engineering company Steelcons.
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The delayed auction to sell Colombia's power distributor Electricaribe is likely to attract mainly local players when it takes place next month, say deal watchers.
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Delegates at the Euromoney Seminars 12th Annual Latin American Energy & Infrastructure Finance Forum in Miami Beach are keeping at least one eye on Latin America’s colorful political landscape, as a year of national elections and unfolding corruption probes promises to have a bearing on project financings and M&A deals.
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The owner of a five-and-a-half-year-old wind project in Idaho and its tax equity investor are selling the facility to its offtaker under the terms of its pre-paid power purchase agreement.
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The first person to walk to both the North and South poles is returning to the Antarctic, this time with his progeny—and some solar panels—in tow.
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The U.S. International Trade Commission’s four sitting members have released three separate recommendations for temporarily restricting foreign imports of solar panels into the U.S.
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Pattern Development has mandated a group of banks to raise debt for the 300 MW Henvey Inlet wind project in Canada and plans to seal the financing by the end of the year.
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AEP Ohio has issued a request for proposals for up to 400 MW of solar generation in the state.
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An energy infrastructure asset management firm has bought a 37 MW distributed generation portfolio from a solar development company.
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SunEdison is selling a wind project duo to Longroad Energy, which was founded and is run by former executives of the company that originally developed the projects, First Wind.
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A newly created subsidiary of Hawaiian Electric Industries has agreed to purchase an oil-fired project on Hawaii’s Big Island from ArcLight Capital Partners, a deal hatched after an earlier attempt at a direct acquisition by HEI subsidiary Hawaii Electric Light Co. was vetoed by state regulators.
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The fact that the Suniva 201 trade case is now moving to the remedy phase has the potential to slow or stop solar projects in the works, write John Marciano, Shana Hofstetter and Greg Lavigne of Akin Gump Strauss Hauer & Feld.
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Pacific Gas & Electric has hired an investment bank to run an auction for the sale of the 25.8 MW DeSabla-Centerville hydro project in northern California.
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A municipal utility in Florida is acquiring a 100 MW biomass project from a group of investors including private equity firms Starwood Energy Group Global and Tavistock Group.
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An LS Power owned fund has knocked $100 million off the purchase price for a 1,615 MW portfolio of generation assets it is acquiring from two FirstEnergy subsidiaries.
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Greenwood Energy has closed a $52.8 million debt and tax equity financing for a 26 MW portfolio of utility-scale solar assets.
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Xcel Energy plans to issue a request for proposals for up to 2.4 GW of generation from gas-fired, wind and solar projects, as part of its proposed energy plans for Colorado.
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Clean Line Energy Partners' proposed Grain Belt Express transmission line has faced a setback after Missouri state regulators vetoed the project.
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Two new commissioners on the U.S. Federal Energy Regulatory Commission have been confirmed by the U.S. Senate, breaking a six-month deadlock due to a lack of quorum.
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The U.S. Senate has confirmed Neil Chatterjee and Robert F. Powelson to serve on the Federal Energy Regulatory Commission.
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Invenergy is preparing to raise construction financing for the 2 GW Wind Catcher wind project in Oklahoma.
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The Illinois Power Agency has issued a request for proposals for renewable energy certificates from new wind and solar generation.
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Italian transmission company Terna has signed $81 million in project finance loans to build a 500 kV project in Uruguay, in a deal that BBVA is claiming to be the first ever green loan in a project finance format.
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Chile will accept proposals for a 2,200 GWh auction on October 11, with 20-year power purchase agreements up for grabs across seven supply blocks.
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The Mexican subsidiary of Spain’s Acciona has signed two contracts to sell clean energy certificates to a subsidiary of Mexico’s Comisión Federal de Electricidad that supplies electricity to large users.
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Berkshire Hathaway Energy’s acquisition of Oncor Electric Delivery Co. is moving forward, despite a counteroffer from Elliott Management Corp.
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GE Energy Financial Services and a subsidiary of YPF have closed financing for two gas-fired projects in Argentina, which GE says is the first power plant project financing in the country in almost 20 years.
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A utility company and two consortiums representing local governments are raising project financing for a wind facility under construction in Canada.
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The Lake Charles LNG project under development in Louisiana has been granted authorization to export additional gas.
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The Brazilian Development Bank has tinkered with the way it accredits solar systems and modules at a national level, in a move that bank and commercial bankers say should prompt more funding flow to smaller renewables companies.
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Regulators in Massachusetts have shortened the timeline for a proposed request for proposals for up to 800 MW of offshore wind generation.
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A utility company has issued a wind generation request for proposals, after it pre-qualified a potential 200 MW wind generation project for the production tax credit.
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Mandates and potential structural issues arising from the two recent power auctions in Mexico were discussed at a half-day conference hosted by Morrison & Foerster in its New York office on June 14.
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Two banks are marketing a refinancing of Energy Future Holdings’ multi-billion dollar debtor-in-possession and term loan financing as an existing DIP facility approaches its due date.
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The Texas Public Utilities Commission has rejected NextEra Energy’s request for a rehearing regarding its rejected bid to acquire Oncor Electric Delivery from Energy Future Holdings.
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An audit into loans approved by the Overseas Private Investment Corporation to Chilean solar projects that have since struggled is unlikely to hurt the country’s access to funding for other generation deals, say project finance bankers.
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Continued low gas prices and depressed demand lower megawatt-per-day payments and change the game for all parties involved, writes Louise Pesce, m.d., project finance, at MUFG, in this week’s Industry Current.
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Government entities in Texas are able to purchase generation wholesale for the first time under a newly approved state energy contract, which could lead to a surge of renewable power purchase agreements in the state.
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The Kansas Corporation Commission has declined to reconsider its order denying approval for Great Plains Energy’s $12.2 billion acquisition of Westar Energy, leaving the Midwestern utilities to mull whether they should revise the terms of the deal or abandon it entirely.
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Enel has mandated financial advisers to run tandem sales processes for all of its generation assets in in Mexico and Panama, which total over 2.3 GW.
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A slow-down in renewables financing in the first half of this year has not stopped 1.3 GW of power purchase agreements from being signed across the U.S. in the last two months, adding to the project finance pipeline.
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The Hawaii Public Utilities Commission has blocked Hawaii Electric Light Co.’s planned acquisition of an combined-cycle oil-fired plant in Honokaa, rejecting the utility’s claim that its purchase of the project would be beneficial to its customers.
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AES Corp. is seeking to finance two contracted brownfield gas-fired projects and a battery storage facility in Southern California with a combined construction cost of $2.3 billion.
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The U.S. President has selected two prospective Republican commissioners to sit on the Federal Energy Regulatory Commission, the White House announced on Monday.
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A sponsor has assigned a lead arranger for a gas-fired project in PJM Interconnection, where project financing activity is paused in the run up to the upcoming capacity auction, attendees at the Platts Global Power Markets conference in Las Vegas told PFR.
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Solar and Property Assessed Clean Energy (PACE) experts at the IMN Green Investing Conference on Thursday noted that both markets will see more participation as issuance accelerates and the sectors become more sophisticated.
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Two banks are arranging a dual-tranche debt financing for NRG Energy's 632 MW Carlsbad Energy Center gas-fired project in California, deal watchers tell PFR.
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Panda Power Funds’ Temple I gas-fired project in Texas filed for Chapter 11 bankruptcy protection on Monday.
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Argentina has set itself an ambitious goal for renewables to make up about half of the country's generation capacity within 10 years, but large funding challenges lie ahead if this is to become a reality.
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Bankers are already competing for prospective mandates from companies looking to bid for contracts available this year under Alberta's 5 GW renewables program. The first round, which will award 400 MW of contracts, opened for expressions of interest on Friday.
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Paige Wisdom, the former chief enterprise risk officer at Freddie Mac, has joined residential Property Assessed Clean Energy (PACE) lender Renovate America as cfo.
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Five Massachusetts electric distribution companies have issued a request for proposals for renewable projects in the state, with a view to signing 15- to 20-year contracts for over 1 GW of generation and associated renewable energy certificates.
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Two banks are arranging a non-recourse $200 million loan for the residential solar sponsor Sunrun.
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When PFR asked financiers and sponsors backing gas-fired projects in PJM Interconnection how President Donald Trump’s executive order to dismantle his predecessor’s Clean Power Plan might affect development in the region, conversation quickly turned to other topics.
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A 200 MW power purchase agreement signed recently by the developer of a wind project in western Kansas is the first such contract intended to be serviced via Clean Line Energy Partners’s proposed Grain Belt Express transmission line.
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JP Morgan has distributed a teaser for Eversource’s 1.2 GW New Hampshire generation portfolio as it prepares to run a two-stage auction for the assets.
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Activist shareholders are likely putting pressure on NRG Energy to sell its yield company, NRG Yield, according to a report published by Moody’s Investors Service.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for Latin America Project Finance Deal of the Year.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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GDF Energy Marketing NA agreed to pay $81.8 million to settle a market manipulation case relating to four gas-fired peakers in PJM Interconnection two months before its parent company, Engie, closed the sale of a portfolio of assets including the same four projects to Dynegy.
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The U.S. Federal Energy Regulatory Commission has issued an order delegating additional authority to its staff to allow orders to be issued while it remains one commissioner short of quorum, but some approvals could still be delayed, say deal watchers.
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Despite a full slate of proposed gas-fired facilities, deal flow for large-scale greenfield project finance in the U.S. could slow this year, deal watchers tell PFR.
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The Supreme Court of Chile has revoked the environmental permit for the Penco Lirquén offshore regasification terminal, one of two commercially-linked projects, collectively known as Octopus LNG, that obtained debt financing at the end of last year.
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Dayton Power & Light, a utility owned by AES Corp., has committed to sell three coal projects, shutter two others and buy or develop at least 300 MW of wind and solar generation in a settlement with several Ohio entities in relation to its rate case before the Public Utilities Commission of Ohio.
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The U.S. Federal Energy Regulatory Commission will be unable to issue orders from Friday until at least one commissioner is nominated by the president and confirmed by the Senate.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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State renewable portfolio standards are a key driver of renewables development in the U.S., but now a group of lawmakers in Wyoming has introduced a bill that would have the opposite effect.
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A trio of wind turbine supply loans with differing terms, arranged by five financial institutions, closed in the late stages of last year, deal watchers tell PFR.
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A debt and equity package totaling a combined $1.584 billion backing the Advanced Power 1.1 GW Cricket Valley Energy Center combined-cycle gas-fired project in Dover, N.Y., closed earlier today.
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The Peruvian government has announced that it has cancelled its contract with the consortium led by Brazilian construction firm Odebrecht for the under-construction Peruvian Southern Gas Pipeline.
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Uncertainty around the tax reform agenda of President Trump and the Republican-controlled U.S. Congress is causing stagnation in renewable project deal flow, say attendees at the Infocast Projects & Money conference in New Orleans.
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California-based solar finance company Mosaic is preparing to hit the ABS primary market with an offering backed by loans on residential rooftop solar systems, the first such transaction since early 2016.
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A debt and equity financing totaling roughly $1.5 billion backing the Advanced Power Cricket Valley project in New York is expected to close as soon as Tuesday, sources tell PFR.
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A number of turbine loans are in the market and slated to close before Dec. 31, project financiers tell PFR. Multiple wind project sponsors are trying to capitalize on the full production tax credit by ordering large volumes of wind turbines before the incentive steps down at year end.
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AEP Ohio has issued two requests for proposals for renewable generation in Ohio—one for wind and one for solar.
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Three companies have each bid more than $25.5 million for an offshore lease for a wind project off the coast of New York in an auction that was still in progress at press time.
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NRG Energy subsidiary GenOn Energy is facing an increased likelihood of a default or debt restructuring as it approaches several bond maturity dates, according to a report by Moody's Investor Service.
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This week’s Industry Current, written by Jim Heidell, Ethan Paterno and Mark Repsher, consultants at PA Consulting Group, focuses on Mexico's emergent capacity markets, unraveling the complexities and the opportunities they represent.
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NRG Energy is selling its sole offshore lease to Deepwater Wind, the developer behind the first offshore wind project in the U.S.
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Panda Power Funds has mandated three commercial banks to arrange debt financing for the 990 MW Mattawoman combined-cycle gas-fired project in Prince George’s County, Md.
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Kerri Fox, who was head of project finance, North America, at BBVA until September, is one of three independent directors recently appointed to the board of TerraForm Power.
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Fermaca closed a debt financing involving 10 banks for a 235-mile Mexican gas pipeline on Nov. 22.
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Grupo Ibereólica and EDF Energies Nouvelles have closed a term loan for a contracted wind project in the Atacama region of Chile.
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Speakers and attendees at the 20th Annual Platts Mexican Energy Conference on Nov. 14 expressed surprise at the speed and success of reforms to the energy market, but warned that some of the renewables projects that won contracts in the country’s first two power auctions may not materialize.
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Ormat Technologies is looking to acquire geothermal and storage projects in the U.S. and further afield.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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The future of the U.S. Environmental Protection Agency, the Clean Power Plan and tax credits for renewable generation are all up in the air following Donald Trump's presidential win in the early hours of Wednesday morning.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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The U.S. Bureau of Ocean Energy Management has unveiled the list of companies that have qualified to bid in an auction for a commercial offshore wind lease off the coast of New York.
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Scientists have accidentally discovered a chemical catalyst that could open the door to industrial-scale energy storage.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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The wind industry is a close-knit group and the AWEA Wind Energy Finance & Investment Conference is generally a friendly affair, so there were plenty of lighter moments amid the serious discussions and dealmaking at the Westin New York at Times Square.
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The average price of power purchase agreements awarded in Mexico’s second power auction was 30% lower than in the first auction, with one PPA coming in at just $26.99/MWh. The low prices will translate into lower leverage on projects, say deal watchers.
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An assortment of requests for proposals have been issued in recent weeks for renewable generation, associated credits and advice across three states in the U.S. and a Canadian province.
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Mercuria is in the process of selling the 500 MW Danskammer gas and oil-fired peaker project in lower Hudson Valley in a two stage auction.
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A joint venture between EDF Energies Nouvelles and Andes Mining & Energy has secured a 15-year loan to finance the construction of a 100 MW solar project near Chile’s capital, Santiago.
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Abengoa is in talks with several interested parties about the potential sale of its stake in the 924 MW Norte III gas-fired combined-cycle project in Ciudad Juárez, Mexico.
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In the second part of this exclusive interview, PFR’s managing editor, Olivia Feld, speaks with Josh Goldstein, senior v.p., finance and capital markets, at Recurrent Energy, about tax equity, market dynamics in Texas and Recurrent’s strategy regarding distributed generation and power hedges.
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Investor-owned and municipal utilities and county authorities are among the companies that have contracted additional solar generation in the past couple of months, spurred not only by the desire to be green, but also by the low prices on offer.
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American Electric Power has agreed to sell four Midwestern generation facilities, representing roughly two-thirds of its competitive fleet in Ohio, to two private equity firms.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter. For more news and coverage, follow @PowerFinRisk on Twitter, as well as editor @MetcalfReports, managing editor @OliviaFeld and reporter @FotiosEuromoney.
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NextEra Energy Partners has agreed to acquire a 24% interest in the 550 MW Desert Sunlight solar project in California in a transaction to be financed in the equity market.
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TerraForm Power avoided a technical default on its bonds after bondholders agreed to give the SunEdison yield company until December to file its annual accounts for 2015.
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The developer of a 700 MW combined-cycle gas-fired project under construction in Indiana is set to seek approvals and tax abatements for a second phase which would double the size of the facility.
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A Boulder, Colo.,-based hydro sponsor has acquired two projects in New York state.
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MidAmerican Energy Co. has won approval from the Iowa Utilities Board to build the $3.6 billion 2 GW Wind XI project across several sites in the Midwestern state.
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Entergy Corp. has said that it will permanently close the James A. FitzPatrick nuclear project, if the proposed acquisition by Exelon Generation is not approved by regulators.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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SolarCity is internally restructuring and cutting operational costs, after it revised its growth expectations downward in its second quarter earnings call last week.
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Sponsors with gas-fired projects in New York are facing the new reality that nuclear projects in the state could stay online for longer than previously thought.
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Macquarie Infrastructure Partners III has hired a financial adviser and is contemplating bids to sell down its 73% interest in the Lordstown project.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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Freeport LNG has priced a $1.25 billion project bond offering to refinance part of the second liquefaction train at its export facility on Quintana Island, Texas. Four bookrunners priced the notes last week, says a deal watcher.
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NRG Energy has returned to the high yield bond market to raise $1 billion with its second offering this year as it continues to manage upcoming maturities.
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What better place for a project finance banker, attorney or contractor to treat a client to some haute cuisine than a restaurant located in a former power plant?
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Southeast PowerGen, which is majority-owned by funds of The Carlyle Group, is seeking to unwind lease agreements it has with local authorities for two gas-fired projects in Georgia and instead directly own the facilities.
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The government of Jamaica has unveiled plans to add 150 MW to the country's grid, saying it will issue two requests for proposals later this year.
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Hydro Ottawa is acquiring the 27 MW Centrale Hull 2 hydro project on the Gatineau, Québec, side of Chaudière Falls.
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A Santiago-based sponsor is in talks with a boutique investment bank to raise equity for a pumped-storage hydro project and a nearby solar project in the Tarapacá region of Chile.
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Hawaiian Electric Co. is preparing to launch a request for proposals for an undisclosed amount of renewable generation.
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In the first part of this Industry Current, Orrick attorneys discuss the evolution of the U.S. Department of Defense’s power procurement process and the implications for sponsors seeking DoD power purchase agreements.
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Lazard has won an advisory mandate for a gas-fired project under development in PJM Interconnection.
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Jamaica’s Office of Utilities Regulation has selected a preferred bidder in its request for proposals to construct a solar project.
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A sponsor has filed for permission to build a $20 billion LNG export project and accompanying pipeline at the Port of Brownsville, Texas. The sponsor is in the process of hiring financial advisers.
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In this week’s Industry Current, David Burton of Mayer Brown and Richard Page of Akin Gump Strauss Hauer & Feld discuss the latest tax incentives for solar generation in Idaho, which could encourage additional solar developments in the state.
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European and North American project sponsors, often also manufacturers of wind turbines and solar panels, have scooped up power purchase agreements in Latin America in the last month or so.
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Boralex and two co-owners of a pair of wind farms in Québec have refinanced the assets with a C$617.5 million debt package. The two projects are located about 40 miles north of Québec City and total 727 MW.
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Wayzata Investment Partners has agreed to sell the 189 MW West Valley gas-fired facility in Utah to a municipally-owned joint action agency.
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An indirect subsidiary of Berkshire Hathaway Energy is increasing its investment in a gas-fired project in Clark County, Nev.
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Covanta Energy is seeking authorization from the U.S. Federal Energy Regulatory Commission to extend its lease of a waste-to-energy facility in Union County, N.J. into the second half of the twenty-first century.
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The Commonwealth of Dominica is seeking private investment for the approximately 8 MW state-sponsored geothermal project it is developing.
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Tenaska has closed a $780 million debt financing backing the 925 MW Westmoreland combined-cycle gas-fired project in South Huntingdon Township, Pa.
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Banks are vying to arrange debt financing for NRG Energy’s 632 MW Carlsbad Energy Center gas-fired simple-cycle project in Carlsbad, Calif., a deal watcher tells PFR.
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The State of Vermont is exploring a partial or complete purchase of the 560 MW hydro portfolio being sold by TransCanada Corp., to partially finance its $13 billion acquisition of the Columbia Pipeline Group.
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TransCanada Corp. has been awarded a contract to build, own and operate the Tula-Villa de Reyes 261-mile natural-gas pipeline in Mexico.
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The Mexican government agency responsible for overseeing the country's first ever power auction surprised market participants by amending the results, hours after they were first announced.
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Panda Power Funds has filed a lawsuit against the Electric Reliability Council of Texas, in which it accuses the grid manager of publishing misleading capacity, demand and reserve reports to spur investment in the state.
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The trend toward commercial bank financing of solar projects in Chile on a merchant basis may have stalled, as some projects financed in recent years without power purchase agreements enter restructuring.
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The city of Palo Alto, Calif., has recommended a 25-year power purchase agreement for approval at what is being reported as a record low price of 3.7 cents/kWh.
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BNP Paribas, Citigroup and MUFG have launched a $700 million debt financing for Tenaska's 925 MW Westmoreland gas-fired project in South Huntingdon Township, Pa.
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Georgia Power has become the second investment grade U.S. utility — and the second Southern Company subsidiary — to issue a green bond, as its peers assess the instrument’s potential.
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Seminole Electric Cooperative is seeking to contract or acquire up to 1 GW of firm capacity in Florida through a request for proposals.
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SunEdison has said that it will contest Hawaiian Electric’s decision to terminate power purchase agreements with three of its solar projects under development in Hawaii.
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A power and utilities veteran who spent 20 years at Morgan Stanley has joined Guggenheim Securities as a senior adviser.
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Non-utility offtakers signed hundreds of megawatts of renewable power purchase agreements in January and early February, including for wind generation, continuing a trend which financiers increasingly have to take into account.
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Shares in SolarCity plunged 29.3% in trading on Wednesday after the rooftop solar company announced it had fallen short of its guidance for growth in the fourth quarter of 2015.
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Fortis Inc. plans to issue $2 billion in the U.S. public bond market to finance its $11.3 billion purchase of transmission company ITC Holdings. Fortis will also sell up to 19.9% of the acquired company to unnamed infrastructure-focused minority investors, the company announced on Feb. 9.
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Brookfield Infrastructure has agreed to sell a 348-mile transmission line in Ontario to Hydro One, a utility company which owns 96% of the province's transmission system.
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The project finance pipeline is brimming with deals for large-scale greenfield gas-fired projects due to be launched in the first half of 2016, deal watchers tell PFR.
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Clean Line Energy is talking to banks about raising between $2 billion to $2.5 billion for construction of its Plains & Eastern Clean Line transmission project from the Oklahoma Panhandle to Memphis, Tenn.
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Abengoa Yield has revealed its new name, Atlantica Yield, and hired a new cfo as it distances itself from its sponsor and part owner, Abengoa.
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Alabama Power and Black Hills Corp. were among eight corporate issuers to launch deals in the U.S. bond market on Friday, Jan. 8, when investment grade issuance resumed after a three-day lull.
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Invenergy has closed a construction loan and tax equity financing for its 120 MW Gunsight wind project in Howard County, Texas.
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Competitive Power Ventures has assigned joint lead arrangers to launch a debt financing imminently for the 785 MW Towantic Energy Center gas-fired project in Oxford, Conn.
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Corporations in a range of industries continue to supplant utilities as offtakers for renewable projects in the U.S., as they seek to bolster their green credentials.
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Standard & Poor’s has lowered the credit ratings of both of SunEdison’s yield companies following the closing of TerraForm Power’s acquisition of a wind portfolio from Invenergy.
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Solar stocks have rebounded on reports that a deal reached by U.S. congressional leaders on a spending bill includes a five-year extension of tax credits for solar and wind projects. The measures have been welcomed by the renewables industry and could lead to an uptick in dealflow.
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The Inter-American Development Bank has approved $87.7 million of 18.5-year loans to finance a 100 MW solar project in El Salvador.
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Draft legislation which would extend the production tax credit for wind projects by two years would lead to an increase in wind project development if it is passed, say deal watchers.
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Appalachian Power Co. is planning to issue a request for proposals for 150 MW of wind generation in February 2016.
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Mexico Power Group has sealed debt and equity financing for the 130 MW La Bufa wind farm in Zacatecas, Mexico. The sponsor closed both deals on Dec. 2.
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Spanish company Abengoa has sought bankruptcy protection and is in talks with its creditors about restructuring its debts. Abengoa Yield, the sponsor’s yield company, which has assets in North and South America, is not immune to the problems faced by its parent company.
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The U.S. Federal Energy Regulatory Commission has approved a divestiture plan proposed by Talen Energy, which was challenged by Macquarie Infrastructure Corp.
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Energy Transfer Partners has raised $1.16 billion in two simultaneous deals backing a pair of natural gas pipelines that will connect the Waha hub in Texas to the Mexican border.
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A subsidiary of EDF Renewable Energy is seeking to sell tax equity in the company's 150 MW Slate Creek wind project in Sumner County, Kan. to MUFG Union Bank and one or more additional investors.
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Samsung Renewable Energy is looking for debt and equity financing for two 50 MW solar projects in Ontario, Canada.
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A subsidiary of NRG Energy is selling its a 352 MW gas-fired facility in Neoga, Ill., to affiliates of Rockland Capital.
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NextEra Energy is seeking approval for a tax equity investment in its 150 MW Carousel wind project in Kit Carson County, Colo., according to a U.S. Federal Energy Regulatory Commission filing dated Nov. 3.
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Hunt Consolidated has moved closer to financing its $800 million transmission project in New Mexico and southern Arizona after receiving two key regulatory approvals.
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Non-utility corporate offtakers have continued to snap up power purchase agreements for the output of renewables projects in the last months, and it’s not all for data centers, although there were a couple of those.
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sPower is seeking authorization from the U.S. Federal Energy Regulatory Commission for tax equity investments for a wind project in Utah and a solar project in Arizona.
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NRG Energy is “exploring financing options” for the 632 MW Carlsbad Energy Center simple-cycle gas-fired project in Carlsbad, Calif.
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An influx of deals in PJM, ongoing market dislocation and the upcoming 2016 presidential election were all up for discussion at the Platts 17th Annual Financing U.S. Power conference at the New York Marriot Marquis in Times Square.
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Norwegian independent solar power producer Scatec and the Norwegian state-owned investment fund for developing countries, Norfund, have acquired a 53 MW solar project in Honduras.
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Citizens Energy Corp. has partnered with solar community start up ClearGrid Energy to develop community solar projects in Massachusetts. Under the agreement, Citizen Energy will finance the construction of projects originated by ClearGrid.
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Over 4 GW of coal-fired generation in Texas will be retired under the Clean Power Plan, roughly one-quarter of the states’ coal capacity, according to a report published by the Electric Reliability Council of Texas on Friday.
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The causes and consequences of the recent yield company turmoil, the impact of the Clean Power Plan and hopes to resurrect the production tax credit were all topics of conversation at the American Wind Energy Association Wind Energy Finance and Investment Seminar in at the Roosevelt Hotel in New York.
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Energy Transfer Partners is raising approximately $1 billion in debt financing to construct two natural gas pipeline projects that will connect the Waha hub in Texas to the Mexico border.
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Talen Energy Corp. is running a sale process for over 1 GW of projects within the PJM Interconnection region.
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Talen Energy Corp. has launched a $400 million term loan B which will go toward financing its acquisition of MACH Gen. Talen executives held bank meetings in New York on Tuesday.
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Talen Energy Corp. has agreed to sell two hydro projects to a subsidiary of Brookfield Renewable Energy Partners, and a gas-fired plant to TransCanada, for a combined $1.51 billion.
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Houston-based developer Skylar Resources has bought the option rights to develop a 180 MW solar project in Clark County, Nevada, from Korea Western Power Americas (Kowapo).
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The Tennessee Valley Authority issued a $1 billion 50-year bond under its Power Bonds program on Monday, choosing its moment carefully amid shaky markets.
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The project finance market, which slowed down in August, has been hastily awoken after Labor Day.
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On Sept. 17 at the PJM Market Summit on the outskirts of Philadelphia, a diverse panel discussed the risks and opportunities presented by the latest market developments in terms of project finance and investment in new generation.
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On Sept. 16, PJM market participants and industry observers from further afield gathered for the PJM Market Summit to discuss the introduction of new capacity performance rules and the evolution of demand response products.
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Panda Power Funds launches debt financing for its 1 GW Hummel CCGT project in Pennsylvania.
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The range of non-utility large-scale renewables offtakers continues to diversify, with the U.S. Department of Navy recently joining the fray by signing a 25-year power purchase agreement for a 210 MW solar project in Arizona.
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Enel Green Power, SunEdison Renova, Conergy and Solatio were among the firms to secure the rights to 20-year power purchase agreements in a recent solar auction in Brazil.
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Tenaska and IFM Investors are among the players that can go ahead with the sale of large portfolios of merchant assets in the North East now that PJM Interconnection has announced the results of its capacity market auction.
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Several large portfolio sales involving assets in the North East are set to go ahead following the results of the PJM Interconnection capacity market auction. Elsewhere, renewables assets are changing hands and EDF RE has boosted its development pipeline by acquiring OwnEnergy.
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As a Brazilian law passed to increase solar development comes into effect, three former wind power developers are targeting growth in the commercial and industrial space.
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NextEra subsidiary DG North Carolina Solar Holding is seeking to acquire five North Carolina solar projects from Conergy Projects.
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Panda Power Funds plans to expand a gas-fired plant in Texas with help from a municipal development organization, after the facility was hit by forced outages earlier in the month.
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East Kentucky Power Cooperative plans to finance its acquisition of the 594 MW Bluegrass gas-fired facility from LS Power with a long-term loan from the Rural Utilities Service.
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A consortium led by Hunt Consolidated is set to acquire Energy Future Holdings' regulated transmission and distribution company Oncor as part of EFH’s plan to emerge from bankruptcy.
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Invenergy is developing a $700 million gas-fired project in Rhode Island. The Clear River Energy Center combined-cycle gas-fired project Burrillville, R.I., is slated to produce more than 900 MW.
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Shares in U.S. residential solar company SunRun have dropped in value by 20% in the first day of trading after its initial public offering, in a tricky market for energy stocks.
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In the second instalment of this feature, Benjamin Israel, a partner at Kaplan, Kirsch & Rockwell, explores the political and market implications of the U.S. Court of Appeals' decision in the case of the Energy & Environment Legal Institute v. Joshua Epel et al.
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Obama has set the first ever federal limits on U.S. power plant carbon emissions in a move that is expected to lead to a deluge of renewables projects.
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Two large banks have launched a $414 million debt financing backing NTE Energy's 525 MW Middletown combined-cycle gas-fired project in Ohio.
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Benjamin L. Israel, a Kaplan, Kirsch & Rockwell partner discusses renewable energy mandates in the context of the EELI v. Epel case--in his capacity as a representative of the Interwest Energy Alliance, an intervening party in the case.
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Capital Power is planning to issue roughly C$300 million in a senior notes to refinance an existing bond maturing in December 2015, and term out a portion of its drawn credit lines in a volatile Canadian debt market.
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SunEdison’s emerging market yield company launched its initial public offering and kicked off a roadshow for an $800 million green bond on Monday, both expected to be priced on July 30.
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MUFG unit Bankers Commercial Corp. has joined JPMorgan in a $117 million tax equity investment in EDP Renewables North America’s 99 MW Rising Tree South wind farm in Kern County, Calif.
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SunEdison is the latest to join the bandwagon of private players investing in Brazil in spite of concerns over a nationwide economic lull and the declining contribution of the country's development bank to project financing.
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SunEdison and its yieldco TerraForm Power have scooped a 930 MW wind portfolio for $2 billion from Chicago-based Invenergy, warding off competition from other potential buyers.
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This Industry Current is written by John Thomas, executive vice president and cfo at Tennessee Valley Authority in Knoxville, Tenn. Thomas discusses the scope for distributed generation in the context of electric utilities.
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Market watchers say that the U.S. Supreme Court’s recent ruling on emissions regulations enacted by the Environmental Protection Authority could delay the retirement of coal-fired plants.
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Yield companies are set to circumvent the challenge of new competition if the Master Limited Partnerships Parity Act, recently reintroduced by Delaware and Kansas senators Chris Coons and Jerry Moran, passes muster.
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The New York-based independent power producer is in the market for $200 million in debt financing for its 350 MW Long Island Energy Center facility in Brookhaven, N.Y., after calling off a stake sale.
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Oak Creek Renewable Energy is in talks with investors to secure equity investments in the third phase of its roughly 400 MW Tres Mesas wind farm in Tamaulipas, Mexico.
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This Industry Current is written by Keith Martin, a Washington, D.C.-based partner at Chadbourne & Parke. Martin’s narrative analyzes the IRS’ guidelines for partnership flip transactions in the context of benefits to solar developers and tax equity players.
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The U.S. offshoot of Spain's Iberdrola is planning to launch a partial IPO once it completes its merger with Orange, Conn.-based United Illuminating Holding Co.
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Sempra Energy is gearing up to launch an IPO of Sempra Partners LP, a master limited partnership, as it focuses on ramping up its LNG projects.
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Allianz is planning to make its maiden tax equity investment in the U.S. wind market, and is talking to sponsors about prospective deals.
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PSEG Power's acquisition of Genesis Power and Ares EIF Management's 755 MW Keys Energy Center has led to the collapse of a debt financing deal backing the CCGT project, just when it was on the brink of closure.
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8point3 Energy Partners has raised $420 million in its IPO of 20 million class-A shares priced at $21 a share.
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First Solar and SunPower’s combined yieldco 8point3 Energy Partners plans to float 20 million Class A shares priced between $19 and $21 in IPO on Thursday.
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Competitive Power Ventures nets close to $1 billion in debt and equity financing for its 720 MW Valley Energy Center combined-cycle gas-fired project in Orange County, N.Y.
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San Diego Gas & Electric has become the first utility to receive the Federal Aviation Administration’s permission to use drones.
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PJM is proceeding with its annual capacity auction this summer following the FERC’s approval of its capacity performance proposals late on Tuesday, June 9.
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Organización Soriana, which was able to secure a grandfather permit before Mexico's new energy reforms kicked in, has raised $260 million to construct a pair of wind farms totalling 99 MW in Tamaulipas.
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Barclays's stake purchase in a Rio de Janeiro-based startup could put a lid on investor concerns over what alternatives would emerge to offset a potential shortage of project-level funds from BNDES.
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SunEdison's TerraForm Power is acquiring a portfolio of small-scale distributed generation solar projects from an affiliate of Integrys Energy Group for roughly $55 million.
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At least three large utilities are coming to market this week against the backdrop of an expected rise in short-term interest rates during the fourth quarter.
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BHE Renewables is scouting the purchase of a partnership interest in a 251.6 MW natural gas-fired cogen facility in New York from GE Capital.
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A $900 million debt, which Moxie Energy is hoping to raise, is the latest among several financings that industry observers say areunlikely to close until the delayed PJM capacity auction for delivery year 2018-2019 takes place.
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The Tennessee Valley Authority aims to issue up to $1 billion by issuing power bonds after summer, partly to finance a portion of two CCGT projects totaling 1.7 GW.
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AES Corp. will evaluate its options for up to 3 GW of unregulated generation in Ohio once more clarity emerges on PJM’s capacity performance proposal.
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Moxie Energy is in talks with potential lenders to back its 900 MW Freedom gas-fired project in Luzerne County, Pa., pegged at $900 million.
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Stockholm-based Skanska's U.S. affiliate has started operations in Pittsburgh with local maven Geoffrey Murken leading its energy and infra operations, as the company ponders over a bid for NTE Energy's 525 MW Middletown facility in Ohio.
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New York-based Caithness Energy is scouting buyers for a minority stake in the 350 MW Long Island CCGT facility in Brookhaven, N.Y.
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A SCANA subsidiary is prepping for an RFP aimed at contracting at least 50% of 84 MW in planned solar capacity from utility-scale facilities in South Carolina.
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This week's Industry Current is written by Benjamin L. Israel, a Washington, D.C.-based partner at Kaplan, Kirsch & Rockwell. This feature provides context for what the Tesla Powerwall means for retail consumers and wholesale generation, transmission and distribution.
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NTE Energy is in the bank market to raise debt for two combined cycle gas-fired projects, each pegged at upwards of $400 million.
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Mississippi Power is evaluating alternatives to offset the impact of South Mississippi Electric Power’s withdrawal from a planned investment in a 582 MW coal-fired facility in Kemper County, Miss.
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EDP Renewables North America and JPMorgan may stalk additional tax equity investors for the 99 MW Rising Tree III wind project in Kern County, Calif.
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Berkshire Hathaway subsidiary BHE Renewables is acquiring a portfolio of wind and community solar projects from Geronimo Energy.
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David Burton, partner, and Richard Page, associate, at Akin Gump Strauss Hauer & Feld in New York, survey the renewables landscape in North Carolina, which has put a decrease in renewable energy tax credits on ice and could freeze the proportion of renewables that state-controlled utilities are required to buy.
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Two Duke Energy subsidiaries are set to contract or acquire 53 MW of solar projects in South Carolina this year.
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Keith Martin, partner at Chadbourne & Parke expounds the framework laid out by the IRS for companies aiming to operate as master limited partnerships.
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Invenergy is shopping for debt to finance its 1.3 GW Lackawanna gas-fired project, in Pennsylvania, pegged at a cost of $900 million.
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SunEdison has tapped four banks as bookrunners for an IPO of its emerging markets yield company.
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Cheniere Energy is planning to add two additional trains at one of its LNG export projects, and plans to finance these trains in 2017.
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Xcel Energy is eyeing an acquisition of the 200 MW Courtenay wind farm near Jamestown, N.D., from Geronimo Energy.
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This week’s Industry Current is written by Chadbourne & Parke attorneys David Jiménez Romaro and Javier Félix Muñoz from Mexico City, and Raquel Bierzwinsky from New York. The authors examine the evolving regulatory framework for geothermal exploration and production in Mexico.
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Alliant Energy Corporate Services is inviting bids to contract up to 200 MW of wind projects across Iowa.
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First Solar and SunPower's joint yield company 8point3 Energy Partners is planning to close its IPO around June 8. 2015, with Goldman Sachs and Citigroup as book runners and advisors.
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Western Energy Partners is looking to raise debt for its 750 MW Clean Path project near Waterflow, N.M. after it secures a long-term offtake contract.
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sPower has sealed tax equity investment from JPMorgan for a roughly 80 MW portfolio comprising 10 solar facilities.
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Niska Gas Storage, an affiliate of Riverstone and Carlyle, is conducting a strategic evaluation that involves a potential sale of the company.
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Freeport LNG has clinched a $4.56 billion deal in senior debt and mezzanine financing backing its third LNG train near Freeport, Texas.
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A peregrine falcon dubbed Houdini may be the answer to the perennial bird-versus-wind turbine controversy.
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This week’s Industry Current is written by Jake Seligman, associate at Chadbourne & Parke in Washington, D.C. Seligman evaluates the opportunities for municipalities to tap into tax-exempt lease purchases for financing the purchase of U.S. distributed solar projects.
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More shops are circling yieldco IPOs even as investor appetite for yieldco paper grows against the backdrop of an industry that is moving toward consolidation.
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Hydro-Québec has issued a request for proposals for 500 MW of capacity generation in Québec.
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Sempra US Gas & Power has acquired the 78 MW Black Oak Getty wind farm in Minnesota from Geronimo Wind Energy.
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Scores of project financiers, investors and sponsors descended on The Wynn Las Vegas for one of the largest events in the power industry calendar: the Platts’ 30th Annual Global Power Market Conference.
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California-based Lightbeam Electric has floated an S-1 with the SEC, aiming to raise $100 million in its initial public offering as a yield company.
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Global giants Wal-Mart, Procter & Gamble and General Motors have racked up offtake contracts totaling 140 MW of wind and biomass generation across the Americas.
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Project financiers at Platts’ 30th Annual Global Power Markets are competing for business as lenders continue to surge into power and energy deals in the Americas.
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A pair of PPL Corp. affiliates is in talks with banks to finalize book runners for an issuance of up to $1.05 billion in senior secured first mortgage bonds.
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MUFG Union Bank subsidiary Bankers Commercial Corp. is selling its stakes in a pair of wind farms totaling 98 MW in Kern County, Calif., to investors.
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Transactions backing solar storage could become mainstream in the coming years, according to panelists at Platts' 30th Annual Global Power Markets conference in Las Vegas on April 13.
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LNG export facilities in the U.S. and gas pipeline projects in Mexico will help balance a growing surplus of natural gas in North America, Bentek Energy presenters noted at Platts' 30th Annual Global Power Markets conference in Las Vegas on April 13.
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Fortis is selling its interests in a portfolio of hydro projects in New York to an affiliate of the City of Ottawa.
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An affiliate of Seoul, Korea-based natural gas distributor Samchully Group, is eyeing the U.S. market, following its purchase of a stake in the 570 MW Luna Energy CCGT facility in Deming, N.M.
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This week’s Industry Current is written by David Burton, partner, and Richard Page, associate at Akin Gump Strauss Hauer & Feld in New York. Burton and Page examine the effects of the New York State budget on solar tax incentives.
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A consortium of at least five creditors is looking to acquire minority stakes in Longview Power as it looks to convert the debt held by its lenders to equity interests.
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Pattern Energy Group is acquiring a trio of wind projects from Wind Capital Group and Pattern Development for a combined purchase price of $372 million.
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Rockland Capital’s fund, Rockland Power Partners II is looking to complete its purchase of Valley Road, an LS Power Development subsidiary, which owns two gas-fired facilities totaling 503 MW.
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AES Corp. has secured a fixed coupon of 5.5% to refinance its existing debt through $575 million in senior unsecured notes.
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Northwestern Mutual is selling stakes in a 400 MW wind portfolio to an affiliate jointly owned by JPMorgan Capital Corp. and a Hannon Armstrong subsidiary.
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Apex Clean Energy has closed a $397 million construction loan for its 299 MW Kay wind project in Kay County, Okla.
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This week’s Industry Current is written by Mona Dajani, partner, and Michael Reed, associate of the North America energy, banking & finance group at Baker & McKenzie. The feature provides insights into Mississippi's Court ruling mandating Mississippi Power Co. to refund $281 million to ratepayers.
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GE Energy Financial Services and Enel Green Power North America are launching yield company EGPNA Renewable Energy Partners.
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InterChile is expected to close an $800 million financing backing its transmission line project in Chile in the next few months.
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Duke Energy Progress is buying back 700 MW nuclear and coal-fired stakes from the North Carolina Eastern Municipal Power Agency in exchange for a wholesale contract from the agency.
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A GE Energy Financial Services unit has agreed to purchase a stake in a portfolio of renewable and thermal projects totaling 579 MW from an affiliate of Enel Green Power North America.
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Eversource Energy is looking to sell roughly 1 GW of hydro and thermal plants in New Hampshire through an auction.
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Morgan Stanley is launching a $275 million term loan package for Longview Power at a bank meeting in New York tomorrow.
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Renewable Energy Trust Capital has sealed $213 million in financings backing four solar projects in California and Ontario.
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Apex Clean Energy is looking for financing for 450 MW of wind projects in Oklahoma.
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Duke Energy Florida is looking to buy Calpine Corp.’s 599 MW Osprey combined cycle plant in Auburndale, Fla., for $166 million.
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Utilities and operators of U.S. coal-fired generation are planning to shutter hundreds of assets against the backdrop of stringent emissions regulations and heavy plant maintenance costs.
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We Energies has scrapped the sale of its 431 MW coal-fired facility in Michigan to Upper Peninsula Power Co.
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Abengoa and EIG Global Energy Partners are looking to finance their 924 MW Norte III combined cycle project in northern Mexico.
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Dynegy is open to buying Ohio coal-fired generation from AEP Ohio, if the American Electric Power Co. subsidiary opts to sell the assets.
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8minutenergy Renewables and D.E. Shaw Renewable Investments seek to raise over $1 billion in financing for a portfolio of utility-scale solar projects in California.
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Solar, particularly distributed generation, continues to hold the market’s attention as investors look to get into the game ahead of the investment tax credit plunge in 2017.
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Ontario’s Independent Electricity System Operator has issued a request for proposals for 565 MW of renewable generation.
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First Solar and SunPower have filed with the U.S. Securities and Exchange Commission for a proposed an initial public offering backing their new yield company 8point3 Energy Partners.
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Northland Power is in talks with lenders to arrange more than $1 billion in senior secured loans for two wind farms on either side of the Atlantic.
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Quantum Utility Generation has closed a $95 million construction and term loan facility for the 40 MW Passadumkeag wind project in Maine.
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Principal Solar is talking to lenders and equity investors about lining up roughly $154 million in financing backing its 72.9 MW utility-scale solar project in Fayetteville, N.C.
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Khosla Ventures has bought 100% of the equity in a 50 MW geothermal project owned by a subsidiary of EIG.
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Larry Kellerman, former ceo of Quantum Utility Generation is poised to grow his new venture, Twenty-First Century Utilities as he looks to wed utilities to the latest technology. In this exclusive, Senior Reporter Olivia Feld spoke to him about his company's plans for acquisitions and his take on the future of the utility model.
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This week’s Industry Current is written by Jake Seligman, associate at Chadbourne & Parke in Washington, D.C. Seligman evaluates investor attraction to community solar projects and offers insights into key opportunities, risks and challenges.
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The Yieldco Sweep is an exclusive monthly feature that tracks the performance and activity of key yield companies in the power sector with illustrative graphics and market insight.
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Deepwater Wind Block Island, a subsidiary of Deepwater Wind, has closed the first financing for an offshore wind project in the U.S.
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Dynegy is canceling a process to sell its 2.7 GW California portfolio after concluding a strategic evaluation with advisors Bank of America Merrill Lynch and Barclays.
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Affiliates of 8minutenergy Renewables and D. E. Shaw Renewable Investments are in the market for $130 million in debt for the 133 MW Springbok solar project in Kern County, Calif.
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This week’s Industry Current is written by David Burton, partner, and Richard Page, associate, at Akin Gump Strauss Hauer & Feld in New York.
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As executive v.p. of North America utility and global wind for SunEd, Paul Gaynor is looking to leverage the new wind business over SunEd’s existing global reach. Senior Reporter Olivia Feld sat down with Gaynor to discuss his new role and strategy for wind projects at SunEd.
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First Solar and SunPower are in advanced talks to launch a joint yield company.
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Southern Company’s subsidiary Southern Power has acquired two of Tradewind Energy’s solar photovoltaic projects totaling 99 MW in Georgia.
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EDP Renewables North America is seeking tax equity investment for its 99 MW Rising Tree III project in Kern County, Calif.
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Pattern Development has signed a joint venture with CEMEX Energia, a new division of CEMEX, to develop 1 GW of renewables projects in Mexico over the next five years.
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Duke Energy Carolinas is soliciting bids to acquire, or contract with, up to 50 MW of solar projects near West Raleigh, N.C.
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Advanced Power AG is planning to launch a financing backing the 1 GW Cricket Valley project in the Dover, N.Y., this summer.
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Technology companies are providing a bright spot in the perennial hunt for power purchase agreements this month.
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In the second installment of this PFR Exclusive, Andrew Platt, head of project finance Americas at BNP Paribas sits with Senior Reporter Olivia Feld to discuss the bank's take on deal flow in Latin America, and trends in M&A and LNG export facility financing.
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This week’s Industry Current is written by David Burton, partner at Akin Gump Strauss Hauer & Feld in New York. Burton, who focuses on tax matters with an emphasis on project finance and energy transactions, examines the now delayed Sol-Wind IPO and compares it to traditional yield companies and master limited partnerships.
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Freeport LNG is in talks with a bank to finance the third train at its facility in Quintana Island, Texas.
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Prospective yield company Sol-Wind Renewable Power has indefinitely pushed back its initial public offering.
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Rabobank pulled out of a financing backing the 298 MW Kingfisher wind project in Oklahoma just before the transaction closed.
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The Tennessee Valley Authority has agreed to acquire Quantum Utility Generation’s 760 MW CCGT Choctaw plant near Ackerman, Miss., for $340 million.
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Financings backing merchant and hedged projects continue to hit the sweet spot for lenders. Debt pricing also surfaced in several panels at Euromoney Seminars’ 10th Annual U.S. Power & Renewables conference held in New York this week.
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Dynegy is nearing the sale of its 2.7 GW portfolio of fuel-oil and natural gas-fired assets in California.
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SunEdison has secured $155.2 million in long-term financing for its 71.2 MW Crucero merchant solar project in Chile, and has sold a minor stake in the asset to Panamanian solar shop ECOSolar.
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Wendy Carlson, former managing director of Marathon Capital, has joined Prudential Capital Group as the managing director of its power unit.
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Dino Barajas, partner at Akin Gump Strauss Hauer & Feld, explores investor interest in Mexico's renewables sector and highlights related prospects and opportunities.
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Canadian Solar is considering launching a yield company after it completes its $265 million acquisition of Recurrent Energy from Sharp Corp.
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DTE Energy has issued a request for proposals to acquire up to 350 MW of gas-fired projects in Michigan’s Lower Peninsula.
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Mona Dajani, partner at Baker & McKenzie, explains how a recent U.S. Federal Energy Regulatory Commission policy statement could, if adopted, have a significant impact on valuations of large regulated utility mergers and swaps of generation asset portfolios.
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Renewable developers RES America and Blackstone Group-backed OffshoreMW have won leases in the largest U.S. offshore wind auction to date.
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American Electric Power Co. is considering strategic options for up to 10,393 MW of merchant generation in Ohio and Indiana, including a sale or retaining assets if the company garners regulatory approval for long-term contracts.
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Enel Green Power North America has scooped tax equity investment for its 150 MW Osage wind project in Oklahoma.
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Project finance and M&A activities continue to swirl in and around PJM.
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The U.S. House of Representatives has passed a bill to expedite the approval process for liquefied natural gas export permits to countries with non-free trade agreements with the U.S.
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The proliferation of distributed generation, energy efficiency measures and technologies that enable demand conservation, are putting significant pressure on the traditional utility business model.
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Project finance players are increasingly questioning the viability of the $1.95 billion deal backing Cape Wind after National Grid and NStar terminated their offtake contracts with the 468 MW wind project late Tuesday.
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Southern Power is considering buying the 314 MW Kay Wind project in Oklahoma from Apex Clean Energy Holdings.
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The U.S. Senate passed a one-year extension of the production tax credit late on Tuesday. The extension was part of a tax extenders package, which passed 76-16. The tax extenders bill will now move to the President to sign into law.
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Cheniere Energy has mandated 18 joint lead arrangers for its $11.5 billion financing to develop and construct its liquefied natural gas export project Corpus Christi. Société Générale is advising Cheniere on the deal and had been auditioning potential JLAs.
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Tax equity investors keep picking up stakes in wind projects, as the window for production tax credit eligibility continues to close.
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Energy Transfer Partners is preparing to launch a financing backing its $11 billion Lake Charles LNG project in Calcasieu Parish, La. The Royal Bank of Scotland is advising ETP on the deal, which is set to debut next month.
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NextEra Energy Partners has scooped more tax equity investment for 300 MW of wind projects from Bank of America Merrill Lynch subsidiary BAL Investment & Advisory and Bank of New York Mellon.
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Verso Paper is selling 303 MW of generation in Maine to an affiliate of Montreal-based metal recycler American Iron & Metal Company.
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The $1.95 billion financing backing Cape Wind’s 468 MW wind project off the coast of Cape Cod, Mass., will reportedly close in the first quarter of next year.
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The House of Representatives has voted overwhelmingly in favor of a package of tax extensions that includes a one-year renewal of the production tax credit.
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Utilities are contemplating real estate investment trusts for transmission assets, as a ruling from the U.S. Internal Revenue Service earlier this year further opens REITs to non-traditional sectors and potential candidates digest the structure.
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Several project financings and M&A transactions are popping on to the markets ahead of the regular year-end hush. ArcLight Capital Partners and the group of owners behind Astoria Energy joined the term loan B parade this week.
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Berkshire Hathaway Energy affiliate MidAmerican Energy Holdings Co. is making its premiere tax equity investment in the 298 MW Kingfisher wind project in Oklahoma.
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Energy Investors Funds is planning an initial public offering of a vehicle that will include landfill gas generating assets, according to documents the shop filed with the U.S. Federal Energy Regulatory Commission.
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Freeport LNG has wrapped roughly $11 billion in debt and equity backing the first two trains at its facility on Quintana Island in Texas. The debt is three times oversubscribed and the deal went through multiple reverse-flexes, according to an observer.
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Deals and projects are lighting up several spots in Latin America this month, with U.S., Asian and Canadian entities making plays in the region.
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