Renewables
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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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