Renewables
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Mexico’s renewables market had been described by some industry professionals as at “rock bottom” but with a change at the political top the market is bracing for a rebound.
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ACP Capital Markets has hired former Bank of America managing director Asit Sen as head of its energy transition and industrial decarbonisation team.
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Pacifico Energy has hired Los Angeles-based Leon Persaud as managing director to focus on alternative investments within the renewable energy and sustainable infrastructure sectors.
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Mining company Codelco has launched a renewables power procurement process in Chile.
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M&A and tax advisory firm Leo Berwick has launched its infrastructure, renewables and energy transition financial advisory group, led by former Deloitte partner Colin Schmidt.
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Renewables developer Auren Energia has concluded its acquisition of energy trading company Esfera Energia.
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Power generation company Celepsa has landed a $100 million sustainability-linked loan to support the development of renewable energy in Peru.
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Distributed US solar asset owner and operator Spruce Power has hired Richard DiMatteo as senior vice president, head of Spruce Pro.
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Brazilian renewables developer 2W Ecobank has appointed Ricardo Levy as chief executive officer.
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The tax equity market was changed forever with the introduction of the Inflation Reduction Act (IRA). As the last of the guidelines for these renewables tax breaks – specifically transferability rules – are ironed out the market has already found innovative ways to take advantage of the new regime.
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US-based bitcoin mining company CleanSpark has merged with data centre company GRIID in an $155 million all-stock transaction.
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Corporación Interamericana para el Financiamiento de Infraestructura (Cifi) has issued a series of green bonds totalling $10 million to finance renewable projects in Latin America.
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Nuclear Fuels has appointed Gregory Huffman as chief executive officer, president and director, effective immediately.
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The UK's Octopus Energy Group has continued to push into North America with the hire of Nick Chaset as executive vice president.
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State-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has signed a letter of interest for financing from the European Investment Bank (EIB).
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Iberdrola has signed a PPA to supply renewable power to food and beverage manufacturer Millfoods in Mexico.
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Actis has launched energy platform Orygen in Peru following the company’s acquisition of Enel’s Peruvian generation business.
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Strategic Value Partners (SVP) and EverGen Power have launched a partnership to invest in North American natural gas generation.
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Brazilian renewables developer Serena Energia (formerly Omega Energia) is issuing R$400 million (74m) in debentures.
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Brazil’s competition regulator CADE has approved the sale of AES’s Brazilian portfolio to renewables developer Auren Energia.
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Middle-market infrastructure investor Tiger Infrastructure Partners is to acquire fully-integrated energy-as-a-service platform Unison Energy.
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Oil and gas company Ultragaz has acquired a majority stake in renewable energy services and commercialisation platform Witzler Energia.
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PEI Global Partners has hired Eric Berlinger, the former head of US renewables and energy transition at RBC Capital Markets, as the managing director of its investment banking team in New York.
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Clean Power Alliance (CPA), the California electricity provider, has issued an RFO for energy generation and storage to meet its portfolio needs and achieve compliance with California Public Utilities Commission (CPUC) procurement orders and resource adequacy requirements.
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Renewables business Primary Energy has tapped Apterra Infrastructure Capital for the refinancing of its platform, PFR has learned.
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Brazilian development bank BNDES has signed agreements with China Development Bank and the Asian Infrastructure Investment Bank (AIIB) to finance sustainable projects in Brazil.
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YPF Luz, the power generation arm of YPF, is planning to issue up to $50 million in bonds in Argentina.
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The Canada Pension Plan Investment Board (CPPIB) has named 3 regional heads to cover Europe and North America for its sustainable energies team.
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The Saudi Fund for Development (SFD) has signed an agreement with the government of El Salvador to finance a biogas power plant.
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Brazilian utility Copel has hired Rodolfo Lima to head its energy trading and commercialization business.
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Renewables developer Auren Energia has agreed to acquire energy trading company Esfera Energia.
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Turlock Irrigation District (TID) has issued a request for proposals to offtake renewable energy and storage in California.
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The investment team behind the Aegon Climate Capital strategy at Aegon Asset Management has launched CurvePoint Capital, an independent firm dedicated to advancing climate finance.
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One Energy Enterprises has sold additional shares of its Series A convertible preferred stock, bringing the company’s fundraising to more than $35 million.
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Chile’s Ministry of Energy and Mines has signed a Memorandum of Understanding (MoU) with the Republic of Korea’s Energy Agency to cooperate on renewable energy.
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Brazilian sugar, ethanol and renewable power producer Grupo Zilor has requested financing from the International Finance Corporation (IFC) for the expansion of 1 of its plants.
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Renewables development and repowering company PivotGen has named former GE executive Dennis Ford as its senior vice president (VP) of operations.
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Large-scale, US-based renewables EPC business Signal Energy is up for grabs with the sale process launched last week.
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Brazilian utility Alupar has signed a power purchase agreement to supply renewable energy to São Paulo-based real estate company JFL Living.
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Adapture Renewables has made several additions to its team, including Donald Brown as general counsel.
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Power generation company Pacific Hydro has renewed a power purchase agreement (PPA) with mining company Codelco.
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AES has agreed to sell its Brazilian portfolio totalling 5.2GW of capacity to renewables developer Auren Energia.
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Renewables developer Genneia has inked a power purchase agreement with PVC and polymers producer Grupo Princz-IPASA in Argentina.
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Brazilian renewable developer 2W Ecobank is evaluating a proposal to sell a controlling stake in the company.
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Aiga Capital Partners has raised $208 million for its inaugural climate fund, surpassing the halfway mark towards its $400 million target.
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Spanish clean energy-focused fund manager Qualitas Energy has closed on its controlling stake in Heelstone Renewable Energy from Ares Management for around $850 million, PFR has learned.
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KKR and Hannon Armstrong Sustainable Infrastructure Capital (HASI) have partnered on a $2 billion investment vehicle for sustainable infrastructure projects.
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Brazil is already the leader in the energy transition. The country’s power matrix stands out in its composition with close to 90% coming from renewable sources including hydroelectricity. Yet, growth opportunities remain vast in the renewable sector and beyond. According to the Brazilian Association of Infrastructure and Base Industries (ABDIB), Brazil is looking to bridge a $50 billion a year gap in infrastructure investments.
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Independent power producer Atlas Renewable Energy has hired Carlos Freitas as chief financial officer, based in Miami, US.
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Great Bay Renewables has appointed Peter Leahey as its chief financial officer and Josh Levine as chief commercial officer.
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Clean power developer Vesper Energy has appointed co-founders Mark Rostafin and Juan Suarez as co-chief executive officers.
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Tax credit transfer platform Crux Climate has secured a partnership with the American Clean Power Association (ACP), connecting more than 800 CPA members to its platform.
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Brookfield Asset Management – alongside Brookfield Renewable – and Microsoft have signed a global renewable energy framework agreement to meet the technology company’s sustainability goals.
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Former Fengate Asset Management director Vince Castranovo has been hired by Calpine as vice president, corporate development.
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The New York State Energy Research Development Authority (NYSERDA) has awarded conditional agreements to utility-scale onshore renewables projects totalling 2.4GW.
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Ocean Power Technologies’ corporate controller, treasurer, and principal accounting officer, Joseph DiPietro, has left the company, PFR has learned.
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NextEnergy Capital’s fifth fund has raised $745 million, nearing half of its $1.5 billion target.
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Enel Brasil is planning to invest R$18 billion ($3.5 billion) for the period 2024-2026 in order to better its services in the country.
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Axium Infrastructure’s Coachella subsidiary will sell its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
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Central Coast Community Energy (3CE), a California community choice aggregator, has issued a request for proposals (RFP) for clean energy and storage power purchase agreements (PPAs).
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Minority stake sales in renewables platforms are becoming more common as sellers look to “recycle capital’, according to Ammad Faisal, senior managing director, Marathon Capital.
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Renewable energy executives – speaking at S&P Global Power Markets – are downplaying the political risk of the November US election on the nation’s energy transition.
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Atlas SP Partners has backed Energy-as-a-Service company Redaptive with a $225 million warehouse financing facility.
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Power generation company Engie Energía Chile has issued $500 million in green bonds on international markets.
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Octopus Energy has signed an agreement with Brazilian utility Grupo Energisa to support renewable generation development in the country.
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IDB Invest and the US International Development Finance Corporation (DFC) are partnering to finance projects across renewables and infrastructure sectors in Latin America.
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Chinese multinational State Grid (SGCC) plans to invest R$200 billion ($39.4bn) in the Brazilian electricity sector following its victory in Brazil's largest power transmission auction.
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International capital is heading to US renewables at what many in the space are calling “record breaking” pace.
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Renewables focused-asset manager Greenbacker Capital Management (GCM) has expanded its team with the hire of Evan Sherman as head of real estate acquisitions.
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Brazilian development bank BNDES and the French Development Agency (AFD) have signed an agreement to raise around R$1 billion ($200m) for green and sustainable infrastructure projects in the legal Amazon, North and Northeast regions of Brazil.
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Renewable energy and decarbonisation platform Origis Energy has promoted Vikas Anand to chief executive.
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Clean power developer Leeward Renewable Energy (LRE) has appointed Nate Graham as chief technology officer.
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Latin American asset manager Patria Investments is launching an energy trading and commercialisation platform in Brazil.
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IDB Invest has issued 2 sustainable bonds in local currency to support renewable energy and infrastructure projects in Latin America.
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Renewable developer Genneia has inked a power purchase agreement (PPA) with Shell in Argentina.
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UAE state-owned developer Masdar is set to acquire a 50% stake in US-based independent renewable energy power producer Terra-Gen Power from Energy Capital Partners (ECP).
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Renewable developer Serena Energia (formerly Omega Energia) is planning a secondary share offering in Brazil.
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Spanish renewable developer Solarpack has appointed José Luis García Pérez as chief executive for Latin America, based in Santiago, Chile.
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The Development Bank of Latin America and the Caribbean (CAF) has obtained a $100 million credit line extension co-financed by the Japan Bank for International Cooperation (JBIC).
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Already one of the cleanest energy mixes in the world, Latin American policy makers continue to push for ambitious net-zero targets. Renewables already generate 60% of the region’s electricity, twice the global average, with no shortage of sponsors looking to take advantage of some of the globe’s best renewables resources.
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Brazilian development bank BNDES and the Asian Infrastructure Bank (AIIB) have signed an MoU to deepen cooperation on providing sustainable finance in Brazil.
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Spanish utility Iberdrola has submitted a non-binding offer to buy the remaining 18.4% of its US subsidiary Avangrid for $2.5 billion, aimed at taking over the entire company.
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Mining company Codelco has awarded several long-term power purchase agreements (PPA) in Chile.
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Elda River Capital Management, a real assets-focused investment firm, has spun off from private equity fund Magnetar Capital with $1.5 billion in assets under its management.
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Colorado utility Mountain Parks Electric (MPE) has inked a 20-year power sales agreement (PSA) with wholesale power provider Guzman Energy.
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The power generation arm of YPF, YPF Luz, is planning to issue up to $60 million in bonds in Argentina.
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Darby International Capital has landed a more than $100 million commitment from several development banks for its DIC Latin American Fund IV (Darby IV).
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Blackstone-owned Tallgrass Energy Partners will offer $400 million aggregate principal amount of senior secured notes due 2029 in a private placement.
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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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Sustainable infrastructure company Generate Capital is to sell a 13.45% stake in Pine Gate Renewables to the Healthcare of Ontario Pension Plan Trust Fund (HOOPP), PFR has found.
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Argentine renewable developer Genneia has inked a renewables power purchase agreement (PPA) with agribusiness company Bunge.
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Amazon Web Services (AWS) has added Jason Selfe to its power & utilities team in a business development role.
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Independent power producer (IPP) Urban Grid has hired Eivind Osterhus as chief financial officer and Erica Engle as chief commercial officer.
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Exus Management Partners and Glencore are teaming up to develop renewable projects through their joint venture GenuX in Mexico and Colombia.
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EDP Brasil is extending its existing power purchase agreement (PPA) with Banco do Brasil for an additional 5 years after winning the contract in a December 2023 auction.
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Brookfield Asset Management (BAM) has raised $10 billion at first close of its second energy transition fund with a fundraising target of $17 billion.
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Infrastructure investment manager Homecoming Capital has hired former AB CarVal investor Shaya Greenberger as vice president.
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Chilean utility Colbún has inked a power purchase agreement (PPA) with mining company Antofagasta Minerals’s subsidiary Minera Centinela.
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Giora Salita has joined the executive team of TPG-backed global renewable energy platform Matrix Renewables as chief operating officer based in Miami, Florida.
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Capricorn Investment Group, the $9 billion investor, has made a minority investment in sustainability-focused private equity firm SER Capital Partners.
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Power company Grupo Energisa has launched a R$2 billion ($405 million) share offering in Brazil.
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Renewable developer Atlas Renewable Energy has appointed Iván Jara Carrasco chief operating officer (COO).
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Power company Grupo Energisa is preparing a potential R$2 billion ($405 million) share offering in Brazil.
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The Bureau of Land Management (BLM) will begin the first of 8 oil and gas lease sales this year with the auction of 19 Wyoming-sited parcels covering 13,858.91 acres on 5 March.
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Chilean utility Colbún has inked a power purchase agreement (PPA) with port terminal Puerto Angamos and subsidiary Terminal Graneles Norte (TGN) located in the Antofagasta region.
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The renewable energy sector in Chile continued to feel market disruptions in 2023 forcing many financial reorganizations and restructurings throughout the year.
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BlackRock has agreed to acquire Global Infrastructure Partners (GIP) for about $12.5 billion in cash and stock, in a move that further consolidates the infrastructure fund market.
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Financial services firm Barclays has launched a new Energy Transition Group in its corporate and investment bank, focusing on renewable and energy transition deals.
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Hannon Armstrong Sustainable Infrastructure Capital (HASI), will privately offer $100 million in aggregate principal of 8% green senior unsecured notes.
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Renewables operator ERG has agreed to partner with independent US green power company Apex Clean Energy Holdings to manage and potentially expand a currently operating portfolio of wind and solar projects.
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Blackstone Infrastructure Partners subsidiary BIP Blue Buyer has completed its $2.16 billion acquisition of a 19.9% equity stake in NIPSCO.
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Global Infrastructure Partners (GIP) has agreed to expand its partnership with AES Andes, growing their shared portfolio from 730MW to more than 1,400MW in Chile.
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Transaction risk insurance broking and advisory firm Birch Risk Advisors has taken on former NovaSource Power Services chief executive officer Troy Lauterbach as renewable energy advisor.
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Canadian investment giant Brookfield acquired Duke Energy’s unregulated utility scale commercial renewables business at an enterprise value of approximately $2.8 billion – a deal that showed they were the exception to the mega M&A rules this year.
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US-based utility and renewable energy developer Allete is contemplating the sale of its business, and has enlisted JP Morgan Chase for the potential sale process.
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Global investment bank Houlihan Lokey has hired former RBC executive Rob Kordas as managing director of its industrials group.
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Grant County, Washington’s Public Utility District No. 2 (Grant PUD) has begun an all-source request for proposals (RFP) to fulfill its supply need of 300MW of firm capacity and energy.
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IDB Invest is preparing an up to $333.5 million debt package to support YPF Luz’s renewable expansion in Argentina.
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Battery storage developer Key Capture Energy (KCE) has hired former EDP Renewables executive Brian Hayes the company’s chief executive, effective January 8, 2024.
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Brazilian development bank BNDES has signed an agreement with the New Development Bank (NDB) , formerly the BRICS Development Bank, that will see the pair invest $1.7 billion into the nation's energy transition.
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Investment firm Hannon Armstrong Sustainable Infrastructure (HASI) will hold a private offering of $500 million in green senior notes to develop green energy projects.
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Renewables developer energyRe has raised a $1.2 billion capital package to develop and construct its 10.5GW solar, wind, and storage portfolio, as well as 500 miles of transmission.
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The Inter-American Development Bank (IDB) has launched IDB Clima, a financial initiative to support successful green initiatives across Latin America.
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Brazilian development bank BNDES has signed a memorandum of understanding (MoU) with the World Bank to support low-carbon hydrogen initiatives in Brazil.
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Enel is planning to invest $5.7 billion across its core markets in Latin America for the period 2024-2026.
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Rubicon Capital Advisors has hired Justin Snyder as senior director in its New York office where he will focus on advisory opportunities across the North American renewable energy, energy transition and infrastructure sectors.
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UK clean energy investment firm Sustainable Development Capital (SDC) has acquired Volery, a US-based private equity firm focused on energy transition.
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Michigan Governor Gretchen Whitmer has signed the state’s MI Healthy Climate Plan into law following its passage in early November by the House legislature.
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Former DLA Piper US head of energy and natural resources Vanessa Richelle Wilson has joined international law firm Akin’s Washington, DC. office as a partner in the projects and energy transition team.
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AES Dominicana Renewable Energy (ADRE) has secured a $368 million financial package to for the DBFOM of 3 renewable energy projects and to refinance short-term debts.
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Renewable developer Longroad Energy has secured $600 million in debt financing for its wind, solar, and battery portfolio across the US.
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Colbún has inked power purchase agreements (PPAs) with water treatment company Aguas Pacífico in Chile.
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Enel Americas and Enel Perú have signed an agreement with Actis-owned Niagara Energy to sell their Peruvian power generation businesses.
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Power distribution business FirstEnergy has appointed two new senior executives as part of the company’s initiative to expand its presence as an electric utility.
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KKR-backed investment firm BlackGold Capital Management has closed a deal for US-based energy infrastructure lender Northbase Finance.
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US-based power plant owner and operator IHI Power Services Corporation (IPSC) has taken on Glenn McCombs as the company’s chief development officer, effective immediately.
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Mainstream Renewable Power has completed the restructuring of its Chilean subsidiaries, Condor Energía and Huemul Energía following a months-long process.
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Independent power producer NRG’s president and chief executive officer Mauricio Gutierrez has departed the company and resigned from its board, leaving Lawrence Coben in the role for the interim.
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International professional services firm Alvarez & Marsal has taken on former Chevron executive Jay Johnson as senior advisor to its energy practice.
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EnfraGen has completed the acquisition of six renewable projects in Central America, with a combined capacity of 188MW, from Celsia.
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Cubico Sustainable Investments has appointed Andrew Coffield as head of legal, US.
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Investment firm Denham Capital is launching a renewable energy platform following the sale of the firm’s Rio Energy assets to Equinor.
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Kenneth Ditzel has joined global consulting firm Berkeley Research Group’s (BRG) energy & climate team as a managing partner.
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HSBC has named Paul Snow as head of renewables in the Americas in the real assets finance team, promoting him from a director role.
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Norway’s Equinor has concluded the acquisition of renewables company Rio Energy from investment firm Denham Capital in Brazil.
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Altius Renewable Royalties Corporation (ARR)'s co-owned subsidiary, Great Bay Renewables, has secured a $274 million senior credit financing. ARR owns Great Bay with funds managed by affiliates of Apollo Global Management.
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Italy-based energy and telecom cable systems company Prysmian Group has signed a €900 million ($951 million) agreement with Clean Path New York for submarine and land power cable systems.
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New York Governor Kathy Hochul has revealed a new renewable investment plan for the state, announcing conditional offtake agreements to three offshore wind projects and 22 onshore projects.
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FirstEnergy issued a request for proposal (RFP) to purchase Ohio-compliant renewable energy credits (RECs).
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The New York Power Authority (NYPA) has created a senior leadership role to develop, own, and operate renewable energy-generating projects in the state.
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Enel Americas is looking to sell its Peruvian power generation businesses, Enel Generación Perú, Enel Generación Piura and Compañía Energética Veracruz.
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Skyline Renewables has hired Todd Wynn as chief executive, replacing interim CEO Tim Menzie.
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Braya Renewable Fuels has named former Delek executive, Todd O'Malley, as chief executive.
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Bluestar Energy Capital, the renewable energy investment platform founded last year (2022) by the former CEO of Ørsted Onshore, has hired Neil O’Donovan as president and COO.
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Greenbacker Capital Management has hired Rahul Bhalodia as the managing director of the Greenbacker development opportunity (GDEV) strategy. Bhalodia will lead origination, execution, investment management, and capital raising for his group.
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Brazil’s Petrobras and mining company Vale are partnering to develop low-carbon solutions including sustainable fuel opportunities.
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Atlas Renewable Energy has promoted Luis Pita as chief commercial officer, based out of Miami.
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Supply chain disruptions continue to impact projects across the spectrum of renewable technologies in the US and a domestic solution is not readily available despite efforts put in place like the Inflation Reduction Act (IRA).
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The circa $20 billion annual tax equity stranglehold a small number of banks had on the market is over now that the Inflation Reduction Act (IRA) has introduced transferability, according to one financial advisor at REFF Wall Street 2023.
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Distributed energy company Correlate Energy has appointed Johan Themaat as the vice president of finance.
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Finnish investor Korkia is partnering with Chilean developer Ciudad Luz to develop renewable projects in Chile.
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Casa dos Ventos Holding, Petrobras and TotalEnergies have signed a memorandum of understanding (MoU) that will see the trio collaborate on renewables in Brazil.
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The Development Bank of Latin America (CAF) has approved $850 million in loans to Panama and Brazil to support the energy transition in both countries.
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Colbún has inked a power purchase agreement (PPA) with a mining company in Chile.
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Spanish energy giant Repsol is set to acquire US renewable development company ConnectGen for $768 million.
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Igneo Infrastructure Partners has agreed to take a majority equity interest in renewable power producer Soltage.
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A consortium of European financial institutions and multilateral organizations have launched the Global Green Bond Initiative (GGBI) to promote green bond markets in Latin America and the Caribbean and cooperate on technical assistance.
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Redeux Energy Partners will move forward with the sale of an 11-project, seven-state portfolio with Marathon Capital as its exclusive financial advisor.
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Clean energy platform Peregrine Energy Solutions has entered into an agreement with AB CarVal for $700 million in financing for Peregrine Energy's 7GW pipeline of solar, wind, and battery projects.
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Brazilian development bank BNDES, in collaboration with the Ministry of the Environment and Climate Change, is launching a R$10 billion ($2 billion) Climate Fund.
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Framingham, Massachusetts-based Ameresco has secured a $300 million senior secured loan facility from HASI to develop clean energy assets. Additionally, Ameresco and bank club leader Bank of America (BOA) have amended their senior secured credit facility.
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Companhia Energética de Minas Gerais (Cemig) has signed a power purchase agreement (PPA) with a lithium mining company in Brazil.
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Brazilian development bank BNDES and the China Development Bank have signed a $500 million loan agreement to finance projects across Brazil.
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Brazil’s Ministry of Mines and Energy is planning to invest R$75 billion ($15.4 billion) in the renewable sector under the newly launched Novo Pac, the third edition of the Growth Acceleration Program.
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The Superintendency for the Development of the Northeast (Sudene) has provided financing for several projects, including renewable generation and transmission, in Brazil.
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Origis Energy has appointed Vikas Anand as chief operating officer and chief financial officer.
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Algonquin Power & Utilities (AQN) will pursue the sale of its Renewable Energy Group and commence leadership changes with a new interim chief executive.
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Invenergy has closed a $1.5 billion revolving credit facility with Natixis Corporate & Investment Banking (Natixis CIB) to grow its development pipeline.
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The government of Cook County has signed its first renewables PPA.
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Brazilian utility Copel has won a bid to supply energy in the free market to Sanepar, a state-owned water sanitation company operating in Parana.
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Acciona Energía has signed a 5-year power purchase agreement with a plastic manufacturer in Mexico.
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ArcLight Capital Partners has appointed Gerry Anderson, former DTE Energy chairman and chief executive, to senior advisor and ArcLight Power Infrastructure board member. Anderson will guide the search to identify new investment opportunities for ArcLight across the renewables utility, and CCS sectors.
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Puerto Rico has started the bidding process of the third tranche of its 6-tranche renewable energy procurement process.
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Denham Capital has agreed to sell Rio Energy – an onshore renewables company in Brazil – to Equinor.
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Argentina's Secretariat of Energy has awarded contracts to almost 100 projects in the RenMDI renewable auction.
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A bill in California that will allow for the development of wave and tidal energy development in the state was unanimously approved by the Assembly Committee on Utilities and Energy, which passed the State Senate on June 25 (2023).
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Sumitomo Mitsui Banking Corporation (SMBC) and financial advisory firm LarrainVial have closed a COP900 billion ($200 million) Colombia-focused debt fund.
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The International Development Bank (IDB) has signed an agreement with the International Renewable Energy Agency (IRENA) to support energy transition in the Latin America and the Caribbean region.
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EDP has increased its stakes in EDP Brasil, effectively delisting the company in Brazil.
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Renewables developer Genneia is issuing green bonds to refinance a trio of assets in Argentina.
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Nexus PMG has received a $50 million growth equity investment led by Greenbacker Capital Management with participation from the Ontario Power Generation Pension Fund and Liberty Mutual Insurance.
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AES Dominicana Renewable Energy is seeking financing from IDB Invest to support the company’s renewable expansion in the Dominican Republic.
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Neoenergia, the Brazilian subsidiary of Iberdrola, has landed a $100 million sustainability-linked loan.
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The Department of the Interior's Bureau of Land Management (BLM) held a utility-scale solar auction with $105.15 million in bids for four parcels of land in the Amargosa Desert, Nevada.
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Energix Renewables has received $520 million in financing and tax equity from Santander CIB and Morgan Stanley for six solar projects in Virginia and Pennsylvania. The projects will total 416MWdc of solar energy.
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The World Bank has approved a series of loans to Argentina, including a $400 financing to expand access to clean energy in the country.
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Hawthorn Renewables has pledged $250 million into building solar projects across the US in the next four years.
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Bluestar Energy Capital, the renewable energy investment platform founded last year (2022) by the former CEO of Ørsted Onshore, has hired a chief executive for its US business.
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Brazilian utility Cemig has signed a power purchase agreement (PPA) to supply a stadium in Belo Horizonte in the state of Minas Gerais.
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Financial details have emerged on Macquarie’s Green Investment Group (GIG) and Hydro Rein’s 456MW Feijão Wind Farm – part of a 586MW combined wind and solar project in northeastern Brazil.
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Engie Energia Chile has secured a $400 million sustainability-linked loan from the IFC to help the company shift from fuel-based power generation to renewable power.
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Renewables developer Intersect Power has closed an $800 million revolving corporate credit facility to support the development, construction, and operation of its renewables, energy storage, and green hydrogen project pipeline.
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Blackstone Infrastructure Partners has added $1 billion to its existing $3bn investment in Invenergy. The funds will be used to grow Invenergy's investments, including large wind and solar farm projects, in the US and globally.
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OYA Renewables, the clean energy developer and independent power producer, has struck a strategic partnership with OpConnect, an electric vehicle (EV) charging business, to broaden its scope into EV charging infrastructure and management.
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Power-focused investment manager Newave Capital has reached financial close on its first energy infrastructure fund in Brazil.
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Canada-based EverWind Fuels Company is supportive of Nova Scotia's recently published Offshore Wind Roadmap and the province's efforts to become a global leader in renewable energy.
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The Canada Infrastructure Bank (CIB) has ramped up investing in recent times with $3 billion deployed in clean energy projects – out of a near $10 billion total – and having doubled its cumulative deal volume hitting back at critics who said it was not putting capital to work quick enough.
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Norwegian renewables firm Norsk Solar has made a final investment decision (FID) on the construction of 3 solar PV plants in Brazil.
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Argentina's Secretariat of Energy has received economic bids from 65 companies for the RenMDI renewable auction.
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Helexia has signed a power purchase agreement (PPA) with Brazilian independent power trader Comerc Energia.
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Anaergia has appointed Andrew Spence as CFO with effect from 12 June (2023).
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Pine Gate Renewables, the renewable energy independent power producer, has expanded its leadership by adding three to its C-suite.
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Brookfield Renewable has agreed with Duke Energy to acquire its unregulated utility scale commercial renewables business at an enterprise value of approximately $2.8 billion, including non-controlling tax equity interests and the assumption of debt.
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Distributed generation platform Aspen Power has named Andrew Blevin as its new chief risk officer.
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Investment fund managers Fiera Infrastructure and Palisade Infrastructure have completed the acquisition of a renewable energy generation and battery storage business from Amp Energy.
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Spearmint Energy, the battery energy storage specialist founded in May 2022, has closed a $200 million credit facility with Aiga Capital Partners for the development of battery storage assets in Texas.
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Accelergen, solar and storage developer, has appointed Adam Foltz as senior vice president of grid and commercial analytics.
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Colombian power company Celsia has turned on a 9.9MW solar farm in Valle del Cauca, Buga I, having agreed offtake agreements with agricultural business, Solla, and food processing company, Alianza team.
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Renewable developer Ameresco has entered a joint venture with Atura Power to develop a 250MW and 1GWh battery storage system in Ontario, Canada.
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BrightNight, the renewables developer and power provider, has entered into a power purchasing agreement (PPA) with Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU).
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Canadian-based power producer Codelio Power has secured construction loan financing and tax equity for its 171MW Moraine Sands wind project in Mason County, Illinois.
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Ares-backed Heelstone Renewable Energy closed a $357 million debt financing with JPMorgan Chase and Fifth Third Bank for five utility-scale solar projects.
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Nopetro Energy, the natural gas production specialist, has partnered with middle-market investment fund NOVA Infrastructure to create a renewable natural gas (RNG) platform.
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Solar and storage company Strata Clean Energy has entered a 20-year tolling agreement with Arizona Public Service (APS).
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Hyundai Motor Group and LG Energy Solution (LGES) have launched an electric vehicle (EV) battery cell manufacturing joint venture in Georgia.
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FuelCell Energy, a global manufacturer of proprietary fuel cell technology, has secured a $87 million non-recourse project financing facility.
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Renewable fuels company Raven SR has received environmental approval from the city of Richmond, California for its biofuel project.
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Green Bridge Energy, a Raleigh-based clean energy lender, has launched a $50 million fund that is understood to close on July 1st (2023). The fund has a $550,000 minimum investment.
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Ørsted has agreed to acquire Eversource Energy’s 50% interest in the uncontracted federal offshore wind lease, jointly owned by the 2 companies, for $625 million.
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Lightsource BP has reached commercial operation on its Bellflower Solar project.
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Equilibrium Energy, a clean energy finance startup, has partnered with green energy investor Hatch Renewables to provide tolling agreements for utility-scale battery storage projects.
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Danish wind turbine manufacturer Vestas Wind Systems has secured a 72MW wind project supply order with an undisclosed customer in Argentina.
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Spanish JV partners Repsol and Ibereolica Renovables have commissioned the first phase of their maiden joint solar project plant in Northern Chile.
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Toyota North America signed a virtual power purchase agreement (VPPA) with Savion, and local developer Edelen Renewables, on a coal mine set to be repurposed into a solar farm.
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SUSI Partners, the Swiss sustainable energy infrastructure investment manager, has acquired Encore Renewable Energy.
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Scout Clean Energy and Elawan Energy’s joint venture has finalized the sale of its 199MW Persimmon Creek wind farm in western Oklahoma to utility company Evergy for $250 million.
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Chile’s National Energy Commission (CNE) has revealed details on its 2023 power auction which will be held in December.
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Leyline Renewable Capital has invested $30 million with solar and storage developer Accelergen Energy.
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Aspen Power has completed construction on its first solar project with residential real estate powerhouse The Michaels Organization.
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AES Corporation has priced its $900 million 5.45% senior notes due 2028.
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Pattern Energy has signed a power purchase agreement (PPA) with both Shell Energy North America and all Regents of the University of California for part of the energy generated from its SunZia Wind Project.
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Sequitur Renewables purchased an operating wind farm in the Almont Pass area of California on May 16.
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TotalEnergies has signed a 25-year power purchase and storage services agreement with mining company Imerys for a solar power and storage system the energy giant will build at the Lompoc facility in Santa Barbara, California.
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Matrix Renewables, global energy developer backed by TPG, announced the completion of construction and financing for its Kern County, California projects Gaskell West 2 and 3. The projects are 143MWdc of solar and an energy storage system with an 80Mwh capacity.
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Perkins Coie has hired Buck Endemann and Elizabeth Crouse as partners in the firm’s renewable energy practice based in the US West Coast.
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Recurrent Energy – a wholly-owned subsidiary of Canadian Solar – has signed an aggregated virtual PPA for 100% of the production capacity of the Liberty Solar project in Liberty County.
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Clean power producer FirstLight Power announced on Thursday (11 May) that it had completed the expansion of a $97.5 million corporate credit facility to support a clean energy development pipeline and growth strategy in North America.
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Bitech Technologies Corporation has received $300 million in financing from Nam Viet Green Energy JSC (Nam Viet Energy) for selected solar and battery energy storage system (BESS) projects.
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President Biden's suspension of tariffs on solar panels from four Southeast Asian nations was repealed by the US Senate, threatening solar projects while American solar panel manufacturing gets up and running.
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Climate Adaptive Infrastructure (CAI) and DigitalBridge Group have announced a decarbonization partnership to accelerate the digital infrastructure ecosystem's transition to net zero.
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Pivot Energy has closed on a $203 million financing facility to support a multi-state portfolio of distributed generation solar projects in the US.
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Linxon has signed an exclusivity agreement with Available Power for the 100MW / 200MWh Greenport Battery Energy Storage System (BESS) project in Austin, Texas.
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NextEra Energy Partners is looking to sell its STX Midstream and Meade natural gas pipeline assets as it focuses on its renewable energy portfolio.
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Colombia’s Celsia has agreed to sell part of its assets in Central America to a subsidiary of renewable developer EnfraGen.
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Anaergia Inc, the renewable natural gas specialist, through a subsidiary will supply the fuel to produce carbon-negative hydrogen and electricity for Toyota Motor North America Inc’s (TMNA) Logistics Services Center at the Port of Long Beach in California.
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Renewable energy developer Aspen Power has acquired 10 ground-mounted solar projects in northwest Pennsylvania from Sunrise Energy.
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Renewables infrastructure firm True Green Capital Management (TGC) will acquire a majority ownership in CleanChoice, a direct-to-consumer clean energy provider.
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Copenhagen Infrastructure Partners (CIP) has sold 2 wind farms in Texas to Canadian energy infrastructure company TC Energy.
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EE North America – a subsidiary of the Danish renewable energy company European Energy – has bought a majority stake in 2 solar projects with a combined capacity of 700MW in Colorado.
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Renewables developer BayWa r.e has completed close on a $115 million credit facility with Nomura to support the development of utility-scale solar and solar+storage projects in the US.
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Argentina's Secretariat of Energy has received more than 2GW of renewable energy project bids in a tender launched earlier this year.
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Toyota Tsusho Corporation has completed its acquisition of an 85% stake in SB Energy, the renewables platform of Japanese multinational SoftBank Group.
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SFC Energy, a supplier of hydrogen and methanol fuel cells, has opened 2 competence centers for hydrogen fuel cell technology in Calgary and Toronto.
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Renewable developer Atlas Renewable Energy has signed a 21-year PPA with Brazilian aluminum producer Albras to supply solar power.
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US green hydrogen electrolyzer company Ohmium International has closed a $250 million Series C growth equity financing round to expand manufacturing capabilities.
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Standard Solar has acquired the Knox Solar and Storage project in Acton, Massachusetts from developer EDF Renewables North America.
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Google and EDP Renewables have signed a framework agreement to develop over 80 distributed solar projects of 650MWp (500Mwac) in the US.
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Spanish renewables firm Ecoener will close a deal to finance its Colombian Sunnorte Solar PV Plant in May.
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US renewables developer OCI Solar Power, a subsidiary of OCI Energy, has sold a Texas-based 110MW solar PV project to Mitsui.
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Private equity firm Hull Street Energy has agreed to acquire a 100% interest in Sunrise Power from Generation Bridge Acquisition, an affiliate of ArcLight Capital Partners.
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BorgWarner is planning to invest $42 million into the expansion of its Seneca, South Carolina production facility for the advancement of its battery module and pack production in the US.
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Sunergy Renewables said last week (19 April) that it has agreed to go public through a merger with special-purpose acquisition company ESGEN Acquisition.
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Braya Renewable Fuels has unveiled a $300 million preferred equity investment from Energy Capital Partners (ECP), an energy-transition-focused investor in the electricity, clean energy and renewable infra sectors.
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Renewables developer Avangrid, a part of Iberdrola, has teamed up with the Navajo Tribal Utility Authority (NTUA) to develop up to 1GW of green energy projects within the Navajo Nation in the states of New Mexico and Arizona.
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Continuum Renewables has said it intends to acquire all of Heliogen’s outstanding shares of common stock for a cash consideration of $0.40 per share.
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Canadian clean energy firm Greenlane Renewables has signed an agreement with Brazil’s ZEG Biogás to develop and sell its most popular biogas upgrading product in Brazil.
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Brazilian construction company BN Engenharia will carry out infrastructure work on China’s State Power Investment Corporation (SPIC) and Canadian Solar’s 738MW solar portfolio.
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Renewables developer Emrgy has raised $18.4 million in Series A funding to launch a hydro turbine factory in Colorado and support the development of its hydropower projects.
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Avina Clean Hydrogen has named Tom Linebarger (former CEO of Cummins), Susan Dio (former president and chair of BP America) and Warren East (former CEO of Rolls-Royce) to the Avina Advisory Board (AAB).
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Lightsource BP has reached a $327 million financial close on the 313MWdc (250MWac) Driver Solar Project near Osceola in Mississippi County, Arkansas.
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Quinbrook Infrastructure Partners has entered the renewable fuels market with the acquisition of New-Hampshire-based biogas company PurposeEnergy.
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Clean energy investor S2G Ventures has launched a $300 million fund to back companies carrying out long-term social and environmental initiatives.
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Allete Clean Energy has closed its sale of the 91.6MW Red Barn wind project in Grant County to WEC Energy Group utility, Wisconsin Public Service (WPS), and Madison Gas and Electric Co (MGE).
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Clearway Energy Group has closed financing on two utility-scale solar and storage projects in Riverside County, California.
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Ecuador’s Ministry of Energy and Mines has awarded projects in a renewables tender the country launched back in December 2021.
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Waste-to-energy company Covanta has reached an agreement to acquire Circon Holdings, a portfolio company of Kinderhook Industries.
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Details have emerged on Spanish utility Solarpack’s acquisition of a concession to develop a 200MW PV solar farm in Manabí, Ecuador.
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The US subsidiary of Thai-listed BCPG has reached an agreement with Franklin Power Holdings to acquire a stake in two natural gas power plants in Pennsylvania.
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American Electric Power (AEP) business Indiana Michigan Power (I&M) has signed a power purchase agreement (PPA) to take power from Savion’s first Indiana solar project.
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Argentine renewable developer Genneia has signed a power purchase agreement (PPA) with oil and gas company Vista Energy.
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Buckeye has launched a diversified energy company that will focus on the development, construction and operation of energy transition projects – BAES Infrastructure.
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Google has signed a PPA with Ørsted that will see the tech giant purchase renewable energy generated from the 268MW Helena Wind Farm in Bee County, Texas.
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Ancala Partners today (3 April 2023) said it has acquired a majority interest in Noventa Energy Partners, a renewable energy company that provides services to to decarbonize the heating and cooling of buildings.
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DIF Capital Partners has agreed to acquire a majority equity interest in US-based Green Street Power Partners, a developer, financier, owner and operator of distributed generation solar projects.
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Danish wind turbine manufacturer Vestas will supply turbines to the 162MW La Eltiba wind farm in the province of Buenos Aires in Argentina, owned by local renewable energy producer Genneia.
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This week, First Citizens Bank agreed to a whole bank purchase of Silicon Valley Bank, taking on all its loans and certain other assets, as well as assuming all its customer deposits and certain other liabilities. In all, First Citizens is taking assets of $110 billion, deposits of $56 billion and loans of $72 billion.
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Danish wind turbine manufacturer Vestas has signed an agreement with Brazilian developer Casa dos Ventos to supply wind turbines to two mega wind farms.
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The governments of Canada, Nova Scotia, and Newfoundland and Labrador have begun regional assessments for offshore wind development.
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Renewable energy developer Birch Creek Energy has acquired Foundation Solar Partners from Hull Street Energy. Financial terms of the transaction were not disclosed.
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Brazil’s power sector regulator Aneel has approved the remaining 100MW worth of solar projects from the A-5 tender held on 14 October 2022.
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Renewable investor CleanCapital has acquired a portfolio of ten projects with 26.2MW of power capacity in Rhode Island.
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Oya Renewables, the clean energy developer and independent power producer, has closed a $27.1 million long-term loan facility from City National Bank (CNB) and tax equity funding from Greenprint.
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Mexico’s government will develop renewable energy projects to power the 300km Tehuantepec isthmus rail corridor between ports in Oaxaca and Veracruz states.
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Chinese wind turbine manufacturer Xinjiang Goldwind Science & Tech will invest R$150 million ($29m) to create a production base in Brazil’s Bahia state.
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Netherlands-based renewables company MPC Energy Solutions announced the completion of construction and grid connection for its Parque Solar Los Girasoles.
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South Korea's LG Energy said it would invest about KRW7.2 trillion ($5.5 billion) in a battery-manufacturing complex in Arizona.
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EDF Renewables North America has signed a 20-year PPA with the Southern California Public Power Authority (SCPPA) for energy and renewable attributes related to the 117MWac/148MWdc Sapphire Solar Project.
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Mexico’s renewable energy sector might be on the road to recovery, with elections to be held in July 2024. Following a run of lean years, sponsors and lenders alike were enthusiastic for the future while discussing the renewable landscape at REFF Latam 2023 last week.
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The Canada Pension Plan Investment Board (CPP Investments) has teamed up with Brazilian investment business Votorantim to launch a company in Brazil focused on investing in the energy transition globally.
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Norwegian renewables provider Scatec has made its first drawdown under a $240 million non-recourse loan facility to partly finance the 531MW Mendubim solar project.
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