Transmission
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Peru’s ProInversión has prequalified 3 bidders in an upcoming auction that will see the agency award 5 transmission projects totalling $441 million.
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FirstEnergy has closed on the final $1.2 billion part of its $3.5 billion sale of a 30% ownership interest in FirstEnergy Transmission (FET) to Brookfield Super-Core Infrastructure Partners.
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State governments across the Northeast have signed a memorandum of understanding (MoU) to coordinate interregional transmission planning.
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CDPQ, through its power transmission platform Verene Energia, has agreed to acquire a 124km transmission project from Equatorial Energia.
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Canadian Infrastructure Bank has finalised a C$283.5 million (US$208m) loan to two Alberta transmission companies to construct a new transmission line.
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Santiago-based utility Transelec has acquired a transmission project located in the Antofagasta region of Chile from TotalEnergies.
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The Governor of Rhode Island, Daniel McKee, has signed an energy storage act into law, as the state aims to develop 600MW of utility-scale energy storage by 2033.
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Neoenergia, through its subsidiary Neoenergia Coelba, has signed a commitment to invest R$1.2 billion ($211m) in distribution networks in Bahia.
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Axium Infrastructure’s Coachella subsidiary has closed on the sale of its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
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CenterPoint Energy subsidiary CenterPoint Energy Houston Electric (CPE Houston) has entered a $300 million term loan to cover damage from category 2 hurricane-like winds and tornadoes in Texas, PFR has learned.
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Peruvian investment promotion agency ProInversión has awarded a trio of transmission projects totalling $329 million in investments.
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Peruvian investment promotion agency ProInversión is expected to award $329 million in investments to 3 transmission projects this month (June 2024).
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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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energyRe has submitted proposals to the New York Independent System Operator (NYISO) to develop transmission systems bringing offshore wind power to New York City.
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Neoenergia is issuing R$1 billion ($185m) in debentures to finance transmission lines in Brazil.
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Energy storage and RNG developer Captona has closed a preferred equity investment in a community solar and microgrid portfolio owned by Scale Microgrids.
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Strategic Value Partners (SVP) and EverGen Power have launched a partnership to invest in North American natural gas generation.
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Grupo Energía Bogotá, through its subsidiary Enlaza, has landed the greenlight to proceed with its Colectora transmission project in Colombia.
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Plus Power has closed a $133 million financing led by First Citizens Bank and NordLB for its 150MW/300MWh Cranberry Point Energy Storage project in Massachusetts.
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Con Edison has appointed former Evergy executive Kirkland Andrews as CFO as Robert Hoglund transitions toward retirement.
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Grupo Energisa has landed financing from the Brazilian development bank BNDES to support its distribution subsidiaries in Brazil.
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Alupar Investimento has landed a pair of transmission projects in an auction held in March by Chile’s National Electrical Coordinator (CEN).
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Neoenergia is issuing R$1.1 billion ($211m) in debentures to finance transmission lines won in a 2022 auction in Brazil.
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Global investment firm KKR will acquire Canadian energy and services company Emera’s equity interest in the Labrador Island Link (LIL) transmission site.
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Portland General Electric (PGE) has signed a non-binding memorandum of understanding (MoU) to acquire a 20% stake in the 3GW North Plains Connector transmission line, developed by Grid United and Allete.
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The California Independent Systems Operator (CAISO) has approved 2 major transmission initiatives for the state: 26 projects to help support the state's offshore wind capacity and Pattern Energy's SunZia Project tie-in to the state's grid.
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Neoenergia is planning to invest more than R$2.1 billion ($407m) into transmission works between 2024 and 2027 in Brazil.
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Scale Microgrids and EO Charging have formed a non-exclusive partnership to develop EV fleets, associated charging infrastructure, and on-site microgrid energy systems across high-grid capacity regions in the US.
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ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) is planning to issue R$1 billion ($198m) in debentures in Brazil.
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Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the second transmission auction to be held this year (2024).
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The Federal Energy Regulatory Commission (FERC) has issued a regional transmission policy ruling, Order #1920, creating new interregional lines to accelerate the interconnection of new renewable energy projects.
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Tri-State Transmission has closed on its acquisition of transmission assets from United Power, finalising the split between the electric cooperative and the power distributor, PFR has learned.
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State-owned utility ENEE (Empresa Nacional de Energía Eléctrica) has launched an international auction for the construction of a $132.5 million transmission project in Honduras.
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Comvest Credit Partners has provided a $70 million senior credit facility to Nationwide Energy Partners (NEP) to pay off debt and develop utility infrastructure projects.
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Connecticut utility Eversource plans to reduce investments in the state by $500 million as it continues its 3-year rate dispute battle with the State's Public Utilities Regulatory Authority (PURA).
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United Power has closed on the $627million withdrawal payment to Tri-State Generation and Transmission Association, though sale of the transmission assets finalizing the split remains delayed by the Federal Energy Regulatory Commission, PFR has found.
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ITC Midwest has closed on its acquisition of transmission assets from Iowa's Maqouketa Municipal Electric Utility, PFR has learned.
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Hitachi Energy has invested more than $100 million alongside Investissement Quebec to upgrade and modernise its power transformer factory in Varennes and other facilities in Montreal.
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Georgia Power Company (GPC) has closed on its $317 million transmission line sale to Georgia Transmission Corporation (GTC), PFR has learned.
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Duke Energy has sold an aggregate principal amount of $177.3 million Series A storm recovery bonds to fund transmission repairs caused from major storms, PFR has learned.
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The Governor's Energy Office of Maine has released a request for information (RFI) regarding the state's first utility-scale offshore wind auction, totalling 3GW.
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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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The Department of Energy (DOE) selected LS Power's Southwest Intertie Project-North (SWIP-North) as a fourth conditional project for the first round of its Transmission Facilitation Program.
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New England states have jointly-submitted applications to compete in the second round of the Department of Energy (DOE)’s Grid Innovation Program (GIP) which has $1.82 billion to award.
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An Arizona federal judge has rejected a request by Native American tribes and environmental groups to halt the construction of Pattern Energy's SunZia project.
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Peru’s ProInversión has prequalified 5 bidders in an upcoming auction that will see the agency award 3 transmission projects.
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Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.
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Alternus Clean Energy, a utility-scale independent power producer, has entered a joint venture partnership with Acadia Energy to develop 200MW of microgrid projects in New York State.
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Tri-State Generation will replace retiring chief operating officer (COO) Billy Ingold with 2 internal promotions, PFR has learned.
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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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Renew Energy Partners has completed financing on its fourth investment vehicle, Renew Energy Efficiency Projects 4 (EEP4), and signed a master revolving loan and security agreement with Mitsubishi.
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Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the first transmission auction of the year.
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Natixis Corporate & Investment Banking has closed a $900 million letter of credit with Invenergy to fund its project development pipeline of utility-scale wind and solar projects, as well as battery storage systems.
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FirstEnergy has closed its $3.5 billion sale of an additional 30% ownership interest in its FirstEnergy Transmission subsidiary to Brookfield Super-Core Infrastructure Partners.
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The European Investment Bank (EIB) has signed a $125 million loan to support transmission development in Ecuador.
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Equatorial Energia has completed the sale of its transmission business Integração Transmissora de Energia (Intesa) in Brazil.
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The Department of Energy (DOE) has awarded $475 million in funding for 5 projects that feature renewable development on former mining lands. The projects are located across Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia.
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Schneider Electric plans to invest $140 million into 2 Tennessee-based power distribution technologies manufacturing plants.
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Ørsted's 132MW South Fork Wind is the first utility-scale offshore wind project to become fully operational in the US. The achievement comes after nearly a decade of industry struggles since the first large-scale transmission farm, Cape Wind, failed in 2015.
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The Department of Energy's (DOE) Loan Programs Office (LPO) has signed a conditional loan of $72.8 million with the Tribal lands of the Viejas Band of the Kumeyaay Indians to develop a solar-plus-storage energy microgrid in Alpine, California.
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Delays on the development and licensing of transmission projects across Latin America is driving away investor interest, panelists at IJLatam 2024 in Miami said.
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EQT Corporation will acquire natural gas provider Equitrans Midstream Corporation in an all-stock transaction valued at $5.45 billion.
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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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Peruvian investment promotion agency ProInversión has called a tender for 3 transmission projects valued at a total of $100.8 million.
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Mammoth Energy Services has received $50.6 million from the Puerto Rico Electric Power Authority (PREPA) clearing the company's debt to the SPCP Group.
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The largest clean energy infrastructure project in US history was closed just before we started the new year. Pattern Energy inked $11 billion in financing for its 500+ mile transmission line connecting more than 3.5GW of stranded wind resources – SunZia.
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The New York State Energy Research and Development Authority (NYSERDA) has issued conditional agreements for 2 offshore wind projects in its fourth offshore wind solicitation: 810MW Equinor-owned Empire Wind 1 and Ørsted & Eversource-developed 924MW Sunrise Wind.
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DE Shaw Renewable Investments (DESRI) will sell multiple transmission assets associated with its Arroyo Solar Project to the Public Service Company of New Mexico (PNM), PFR has learned.
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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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The Department of Energy (DOE) has conditionally awarded $366 million to 17 projects that aim to improve the transmission and electrical distribution of power in rural and remote areas across the US.
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PJM Interconnection has appointed Eversource Energy's senior vice president of engineering as its executive VP of operations.
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Actis has today (21 February) launched a Brazilian transmission platform with the acquisition of an operational transmission asset.
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Brazil’s National Electric Energy Agency (Aneel) is preparing its second transmission auction to be held this year (2024).
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Cemig-D, the Brazilian utility’s distribution business, is planning to issue R$2 billion ($402 million) in bonds on 15 February 2024.
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ISA CTEEP has committed to invest a total of R$5 billion ($1 billion) in Brazilian transmission by 2029.
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Law firm Skadden has rehired the former commissioner, chairman and general counsel of the Federal Energy Regulatory Commission (FERC).
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Spanish construction group Grupo ACS, through its subsidiary Dragados, has landed financing for 3 transmission lines in Peru.
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Jamaica Public Service Company (JPS) has landed a $100 million financing package from development finance institution IDB Invest.
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The Department of Energy (DOE) has opened a request for proposals (RFP) for the second round of its utility-scale transmission upgrade program, with $1.2 billion available to fund projects.
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Enel has landed conditional approval for the sale of its distribution businesses in Peru to China Southern Power Grid International (CSGI).
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Peru’s investment promotion agency ProInversión is launching a tender for 4 transmission P3 projects, totalling $137 million in investments.
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Energía de Colombia SAS ESP has requested a loan from IDB Invest for a transmission project the company is refinancing in Colombia.
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Chile’s National Electric Coordinator (CEN) has released its 2024 plan to expand the transmission system in the country.
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JP Morgan-backed independent power producer Onward Energy has hired the former chief executive of the California Independent System Operator (CAISO) to replace president and CEO, Steve Doyon, who has retired.
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Consortiums led by Invenergy and TotalEnergies were awarded offshore wind projects with conditional contracts of 3.74GW capacity as the New Jersey Board of Public Utilities (NJBPU) closes its third-round tender.
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Power company Grupo Energisa has launched a R$2 billion ($405 million) share offering in Brazil.
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United Power is to buy its transmission facilities, contracts, and assets, from Tri-State Generation and Transmission Association (Tri-State) for $75million in a transaction critical for the utility's split from the electric cooperative, PFR has learned.
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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) 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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GE-owned power plant EFS Parlin has closed on the sale of all of its interconnection rights and started the decommissioning process of its 123.5MW natural gas facility following bankruptcy.
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Xcel Energy has commenced construction on its two initial phases of the 460MW Sherco Solar project, with an additional 250MW co-sited solar array is pending permit approval, as it replaces a coal-fired plant in Minnesota.
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India’s Sterlite Power has landed financing from Sudene’s Northeast Development Fund (FDNE) for a transmission project in Brazil.
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Allete and Grid United's subsidiary, North Plains Connector, have signed development agreements on the North Plains Connector project, an approximately 400-mile high-voltage direct-current (HVDC) transmission line from central North Dakota to Colstrip, Montana.
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Southern Company subsidiary Georgia Power Company (GPC) will sell multiple specified transmission lines to Georgia Transmission Corporation (GTC), PFR has learned.
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Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the second transmission auction of the year.
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Renewables and utility project developer Invenergy has opened a regional office in Montreal, becoming the company’s Quebec-based hub for Eastern Canada.
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IDB Invest has agreed to provide long-term financing to Air-e to support the company’s distribution services in Colombia.
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PJM Interconnection awarded Potomac Edison and Mid-Atlantic Interstate Transmission (MAIT) 3 transmission projects, totaling more than $800 million, in Pennsylvania, Maryland, Virginia, and West Virginia.
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PJM has selected the MidAtlantic Resiliency Link project proposal from a NextEra subsidiary to address reliability issues in its western grid sections.
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Renewable and utility developer Invenergy has acquired the Atlantic Power Transmission (APT) project from Blackstone, relaunching the New Jersey transmission initiative as Jersey Link, to support New Jersey’s offshore wind goals.
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Brazilian utility Alupar won a transmission project in an auction launched in August by Colombia's Mines and Energy Planning Unit (UPME).
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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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Although an issue facing the whole energy sector, transmission and grid connectivity for the offshore wind industry has reached a whole new level of complexity.
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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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Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the first transmission auction to be held in 2024.
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Colombian infrastructure company Interconexión Eléctrica SA (ISA) has secured an up to COP$500 million ($124 million) loan.
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A section of Pattern Energy’s $10 billion Arizona-based SunZia Transmission project has been temporarily suspended by federal land managers following a request from the Tohono O’odham Nation.
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Colombian energy company Grupo Energía Bogotá (GEB) has issued a $400 million green bond, the first such bond issued by a Colombian company on the international market.
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French energy company Engie is issuing R$2.5 billion ($507 million) in debentures to refinance assets in Brazil.
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FirstEnergy is planning a 5-year, $935 million transmission infrastructure upgrade in New Jersey.
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Canadian power company TransAlta will acquire Heartland Generation and Alberta Power (collectively, Heartland) from an affiliate of Heartland’s parent company, Energy Capital Partners.
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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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EDP Brasil has agreed to offload a duo of operational transmission projects to Edify Empreendimentos e Participações.
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Brazil’s Equatorial Energia is parting ways with its transmission business Integração Transmissora de Energia (Intesa).
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MISO has selected an Ameren subsidiary to lead the development of a $84 million transmission project during the board's second bidding process for Tranche 1 of its Long-Range Transmission Planning (LRTP).
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Peru’s investment promotion agency ProInversión has awarded a duo of transmission projects totaling $800 million in investments.
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Texas-based utility CenterPoint Energy has appointed Jason Wells to chief executive and board member.
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The New Mexico Public Regulation Commission (PRC) has approved Xcel's early closure of its 1.067GW coal-fired Tolk Generating Station in 2028.
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French construction company Vinci has won two contracts to carry out engineering, procurement, and construction (EPC) services for transmission projects in Brazil.
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