Transmission
-
Peru’s ProInversión has prequalified 3 bidders in an upcoming auction that will see the agency award 5 transmission projects totalling $441 million.
-
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.
-
State governments across the Northeast have signed a memorandum of understanding (MoU) to coordinate interregional transmission planning.
-
CDPQ, through its power transmission platform Verene Energia, has agreed to acquire a 124km transmission project from Equatorial Energia.
-
Canadian Infrastructure Bank has finalised a C$283.5 million (US$208m) loan to two Alberta transmission companies to construct a new transmission line.
-
Santiago-based utility Transelec has acquired a transmission project located in the Antofagasta region of Chile from TotalEnergies.
-
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.
-
Neoenergia, through its subsidiary Neoenergia Coelba, has signed a commitment to invest R$1.2 billion ($211m) in distribution networks in Bahia.
-
Axium Infrastructure’s Coachella subsidiary has closed on the sale of its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
-
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.
-
Peruvian investment promotion agency ProInversión has awarded a trio of transmission projects totalling $329 million in investments.
-
Peruvian investment promotion agency ProInversión is expected to award $329 million in investments to 3 transmission projects this month (June 2024).
-
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).
-
energyRe has submitted proposals to the New York Independent System Operator (NYISO) to develop transmission systems bringing offshore wind power to New York City.
-
Neoenergia is issuing R$1 billion ($185m) in debentures to finance transmission lines in Brazil.
-
Energy storage and RNG developer Captona has closed a preferred equity investment in a community solar and microgrid portfolio owned by Scale Microgrids.
-
Strategic Value Partners (SVP) and EverGen Power have launched a partnership to invest in North American natural gas generation.
-
Grupo Energía Bogotá, through its subsidiary Enlaza, has landed the greenlight to proceed with its Colectora transmission project in Colombia.
-
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.
-
Con Edison has appointed former Evergy executive Kirkland Andrews as CFO as Robert Hoglund transitions toward retirement.
-
Grupo Energisa has landed financing from the Brazilian development bank BNDES to support its distribution subsidiaries in Brazil.
-
Alupar Investimento has landed a pair of transmission projects in an auction held in March by Chile’s National Electrical Coordinator (CEN).
-
Neoenergia is issuing R$1.1 billion ($211m) in debentures to finance transmission lines won in a 2022 auction in Brazil.
-
Global investment firm KKR will acquire Canadian energy and services company Emera’s equity interest in the Labrador Island Link (LIL) transmission site.
-
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.
-
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.
-
Neoenergia is planning to invest more than R$2.1 billion ($407m) into transmission works between 2024 and 2027 in Brazil.
-
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.
-
ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) is planning to issue R$1 billion ($198m) in debentures in Brazil.
-
Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the second transmission auction to be held this year (2024).
-
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.
-
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.
-
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.
-
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.
-
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).
-
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.
-
ITC Midwest has closed on its acquisition of transmission assets from Iowa's Maqouketa Municipal Electric Utility, PFR has learned.
-
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.
-
Georgia Power Company (GPC) has closed on its $317 million transmission line sale to Georgia Transmission Corporation (GTC), PFR has learned.
-
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.
-
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.
-
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.
-
Axium Infrastructure’s Coachella subsidiary will sell its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
-
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.
-
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.
-
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.
-
Peru’s ProInversión has prequalified 5 bidders in an upcoming auction that will see the agency award 3 transmission projects.
-
Entergy New Orleans is issuing $150 million in first mortgage bonds with the Bank of New York Mellon, PFR has learned.
-
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.
-
Tri-State Generation will replace retiring chief operating officer (COO) Billy Ingold with 2 internal promotions, PFR has learned.
-
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.
-
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.
-
Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the first transmission auction of the year.
-
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.
-
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.
-
The European Investment Bank (EIB) has signed a $125 million loan to support transmission development in Ecuador.
-
Equatorial Energia has completed the sale of its transmission business Integração Transmissora de Energia (Intesa) in Brazil.
-
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.
-
Schneider Electric plans to invest $140 million into 2 Tennessee-based power distribution technologies manufacturing plants.
-
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.
-
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.
-
Delays on the development and licensing of transmission projects across Latin America is driving away investor interest, panelists at IJLatam 2024 in Miami said.
-
EQT Corporation will acquire natural gas provider Equitrans Midstream Corporation in an all-stock transaction valued at $5.45 billion.
-
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.
-
Peruvian investment promotion agency ProInversión has called a tender for 3 transmission projects valued at a total of $100.8 million.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
PJM Interconnection has appointed Eversource Energy's senior vice president of engineering as its executive VP of operations.
-
Actis has today (21 February) launched a Brazilian transmission platform with the acquisition of an operational transmission asset.
-
Brazil’s National Electric Energy Agency (Aneel) is preparing its second transmission auction to be held this year (2024).
-
Cemig-D, the Brazilian utility’s distribution business, is planning to issue R$2 billion ($402 million) in bonds on 15 February 2024.
-
ISA CTEEP has committed to invest a total of R$5 billion ($1 billion) in Brazilian transmission by 2029.
-
Law firm Skadden has rehired the former commissioner, chairman and general counsel of the Federal Energy Regulatory Commission (FERC).
-
Spanish construction group Grupo ACS, through its subsidiary Dragados, has landed financing for 3 transmission lines in Peru.
-
Jamaica Public Service Company (JPS) has landed a $100 million financing package from development finance institution IDB Invest.
-
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.
-
Enel has landed conditional approval for the sale of its distribution businesses in Peru to China Southern Power Grid International (CSGI).
-
Peru’s investment promotion agency ProInversión is launching a tender for 4 transmission P3 projects, totalling $137 million in investments.
-
Energía de Colombia SAS ESP has requested a loan from IDB Invest for a transmission project the company is refinancing in Colombia.
-
Chile’s National Electric Coordinator (CEN) has released its 2024 plan to expand the transmission system in the country.
-
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.
-
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.
-
Power company Grupo Energisa has launched a R$2 billion ($405 million) share offering in Brazil.
-
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.
-
Power company Grupo Energisa is preparing a potential R$2 billion ($405 million) share offering in Brazil.
-
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.
-
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.
-
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.
-
India’s Sterlite Power has landed financing from Sudene’s Northeast Development Fund (FDNE) for a transmission project in Brazil.
-
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.
-
Southern Company subsidiary Georgia Power Company (GPC) will sell multiple specified transmission lines to Georgia Transmission Corporation (GTC), PFR has learned.
-
Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the second transmission auction of the year.
-
Renewables and utility project developer Invenergy has opened a regional office in Montreal, becoming the company’s Quebec-based hub for Eastern Canada.
-
IDB Invest has agreed to provide long-term financing to Air-e to support the company’s distribution services in Colombia.
-
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.
-
PJM has selected the MidAtlantic Resiliency Link project proposal from a NextEra subsidiary to address reliability issues in its western grid sections.
-
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.
-
Brazilian utility Alupar won a transmission project in an auction launched in August by Colombia's Mines and Energy Planning Unit (UPME).
-
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.
-
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.
-
Enel is planning to invest $5.7 billion across its core markets in Latin America for the period 2024-2026.
-
Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the first transmission auction to be held in 2024.
-
Colombian infrastructure company Interconexión Eléctrica SA (ISA) has secured an up to COP$500 million ($124 million) loan.
-
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.
-
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.
-
French energy company Engie is issuing R$2.5 billion ($507 million) in debentures to refinance assets in Brazil.
-
FirstEnergy is planning a 5-year, $935 million transmission infrastructure upgrade in New Jersey.
-
Canadian power company TransAlta will acquire Heartland Generation and Alberta Power (collectively, Heartland) from an affiliate of Heartland’s parent company, Energy Capital Partners.
-
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.
-
EDP Brasil has agreed to offload a duo of operational transmission projects to Edify Empreendimentos e Participações.
-
Brazil’s Equatorial Energia is parting ways with its transmission business Integração Transmissora de Energia (Intesa).
-
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).
-
Peru’s investment promotion agency ProInversión has awarded a duo of transmission projects totaling $800 million in investments.
-
Texas-based utility CenterPoint Energy has appointed Jason Wells to chief executive and board member.
-
The New Mexico Public Regulation Commission (PRC) has approved Xcel's early closure of its 1.067GW coal-fired Tolk Generating Station in 2028.
-
French construction company Vinci has won two contracts to carry out engineering, procurement, and construction (EPC) services for transmission projects in Brazil.
-
Rise Light & Power and Corio have purchased stakes in TotalEnergies's 3GW Attentive Energy offshore wind farm, paying a total of $420 million.
-
New York Governor Kathy Hochul has vetoed an Equinor and BP-endorsed bill to build underground transmission lines from its offshore wind projects into the city of Long Beach. Hochul's rejection of the Planned Offshore Wind Transmission Act strikes another blow to the industry a week after the state government shot down a financial relief bill for offshore wind developers.
-
The Department of Energy (DOE) has awarded $3.46 billion for 38 grid-reliability projects, which will modernize and stabilize the grid, especially from extreme weather events.
-
Brazilian power company Energisa is issuing bonds for up to R$1.837 billion ($364 million) to finance energy infrastructure projects across Brazil.
-
Invenergy's $7 billion transmission project, the Grain Belt Express, has received approval from the Missouri Public Service Commission (MPSC), the last step in securing state approval for project enhancements.
-
Neoenergia has completed the sale a 50% stake in the company’s transmission assets to a fund of Singaporean institutional investor GIC.
-
Peru’s investment promotion agency ProInversión is planning to award a duo of transmission projects totaling $800 million in investments on October 27, 2023.
-
Maritime Electric Company, a Prince Edward Island (PEI), Canada-based utility, has received $19 million from the Canadian government for its sustainable electrification initiative aimed at updating the local grid and critical connection areas.
-
The SOO Green HVDC Link transmission project, a unique underground transmission line that will follow the route of existing Canadian Pacific railroads, moved a step further towards construction after it was approved by Iowa regulators.
-
A bill to streamline the US energy transmission system has been introduced by Californian politicians.
-
Energy management business Schneider Electric has revealed its 160,000-square-foot electrical manufacturing plant in El Paso, Texas, its largest factory in the US. The plant will produce low- to medium-voltage electrical products used to transfer power from the grid to industrial, commercial, and residential customers.
-
Power management company Eaton has made a $150 million investment in electrical power distribution manufacturing, bolstering its manufacturing presence in North America.
-
Described as “transformative legislation” and a “fantastic opportunity” the Inflation Reduction Act (IRA) has bolstered investment into US renewable energy at breakneck speed. Yet, one year on from its historic enactment many hurdles remain for financing renewables projects in the US. Chiefly, the permitting system.
-
I Squared Capital has sold its electric distribution business the firm owns in Guatemala to Threelands Energy.
-
Brazil’s National Electric Energy Agency (ANEEL) is preparing for the first transmission auction to be held in 2024.
-
Rialma Administração e Participações is set to win an additional transmission lot in Brazil’s June auction after the original winner was disqualified.
-
Power management company Eaton has invested $500 million to expand its transformer and EV charging technology manufacturing presence in North America, to aid in grid modernization and support the US energy transition.
-
Peru's ProInversión has granted transmission projects totaling $118 million in investments.
-
ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) is being considered for one of the unawarded lots in Brazil’s June transmission auction.
-
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.
-
The Superintendency for the Development of the Northeast (Sudene) has provided financing for several projects, including renewable generation and transmission, in Brazil.
-
Xcel Energy has filed the paperwork on an upgrade of nearly 100 miles of transmission line in Minnesota and eastern South Dakota,
-
Peruvian investment promotion agency ProInversión is tendering five transmission projects in Peru.
-
Illinois governor J. B. Pritzker has vetoed a portion of a bill that would limit transmission competition and raised prices on green energy projects in the state.
-
On-site industrial energy developer One Energy and SPAC, Tortoise Acquisition Corp. III (TRTL), have entered into a merger agreement to become the publicly listed company One Power Co. The new firm has an enterprise value of $300 million, with common stock valued at $10 per share.
-
Guatemala's National Electric Energy Commission (CNEE) has revealed the full list of 16 awardees from the PEG-4 reverse auction, and over 70% (or 191MW) of the auction's 235MW was given to new renewable energy projects.
-
The Alberta government has paused approval of renewable generation projects as the Alberta Utilities Commission (AUC) reviews recent policy issues and competing public interest factors.
-
Brazil’s National Electric Energy Agency (Aneel) has disqualified one of the winning bidders in a transmission auction held earlier this year citing the winner's incapability to carry out the projects.
-
Minnesota Power and Great River Energy's joint transmission project, Northland Reliability Project, has reached another step in the state regulatory process.
-
Brazil’s National Electric Energy Agency (Aneel) has approved the draft tender documents for the second transmission auction of 2023.
-
Hydro One, Ontario's largest transmission and distribution provider, has filed an application with the Ontario Energy Board (OEB) to build and run its proposed $1.2 billion Waasigan Transmission line, which will provide energy to northwestern Ontario.
-
Peruvian investment promotion agency ProInversión has awarded the Piura Nueva – Frontera transmission PPP that will interconnect Peru and Ecuador.
-
The FERC has unanimously passed the final rule for Order #2023, which reforms the commission's generation interconnection procedures and aims to shorten the wait time for projects to connect to the grid.
-
State-owned utility Companhia Paranaense de Energia (Copel) has launched a R$4.3 billion ($912 million) share offering to privatize the company.
-
FirstEnergy subsidiary West Penn Power will expand transmission in Pennsylvania as it begins connecting solar energy projects in Fulton and Franklin counties to the state’s electric grid.
-
RS Technologies, a portfolio company of Werklund Growth Fund and Energy Impact Partners, closed a multi-bank credit facility with JP Morgan, Bank of Montreal, The Toronto-Dominion Bank, and Export Development Canada.
-
Brazil’s National Electric Energy Agency (Aneel) has awarded projects in the first transmission auction of the year.
-
The Government of Ecuador has fulfilled parts of a pre-contractual procedure to obtain credit lines to fund a transmission line cross-border project between Ecuador and Peru.
-
The Development Bank of Latin America (CAF) has approved a loan to finance distribution networks in Ecuador.
-
LS Power Grid Maine has received legislative approval for Aroostook Renewable Gateway, an electric transmission line to interconnect renewable energy resources in northern Maine with the electric grid operated by the New England independent system operator (ISO-NE).
-
The New York Independent System Operator (NYISO) has selected the Propel Alternate Solution 5 project for the Long Island Offshore Wind Export Public Policy Transmission Need solicitation.
-
Colombian energy distributor Air-e has requested a loan from IDB Invest to support the development of its distribution services.
-
Brazil’s National Electric Energy Agency (Aneel) has confirmed the first transmission auction of this year to be held on June 30.
-
Neoenergia, the Brazilian energy distributor owned by Iberdrola, has landed a green and sustainability-linked loan from the International Finance Corporation (IFC) to support the expansion of its distribution subsidiary.
-
Republic Transmission – a subsidiary of LS Power – has secured a contract from MISO to develop, own, operate and maintain a double-circuit transmission line in northern Indiana.
-
Neoenergia has signed a financing agreement that will support the expansion of its energy distribution business in Brazil.
-
New Jersey has begun the process for its second offshore wind transmission solicitation, which will bring the state closer to its newly increased offshore wind policy target of 11GW.
-
Peruvian investment promotion agency ProInversión and Acciona have signed a concession contract for 2 power transmission lines in Peru.
-
Brookfield-backed Quantum has acquired the remaining stake in transmission company Sertaneja.
-
I Squared Capital has completed a $400 million growth capital investment in US distributed energy resource platform RPower.
-
Chilean transmission company Transelec has boosted the capacity of a power line running through the Santiago Metropolitan Region to avoid curtailment of renewable energy due to grid constraints and prevent financial losses.
-
Neoenergia has agreed to sell half of its transmission assets to a fund of Singaporean institutional investor GIC.
-
The World Bank’s International Finance Corporation (IFC) will provide up to $175 million to strengthen Guatemala’s power distribution.
-
The government of Colombia will tender a 500/230kV transmission substation project, the first such tender in in the country.
-
Canada’s Algonquin Power & Utilities Corp. and American Electric Power have pulled the plug on the deal for AEP’s utility subsidiary Kentucky Power and its transmission business AEP Kentucky Transco.
-
Peruvian investment promotion agency ProInversión is looking to award the Piura Nueva – Frontera transmission project in July.
-
Chile’s national energy commission is calling for an international public tender to award the construction, execution and operation of 15 transmission works, with a combined value of $414 million.
-
Paraguay’s National Electricity Administration (ANDE) and the Plata Basin Financial Development Fund (Fonplata) have agreed to terms for a loan to develop a transmission line project.
-
Brazil’s National Electric Energy Agency (Aneel) is preparing its second transmission auction of the year, the largest in terms of investments ever held in the country.
-
Argentina’s federal transmission trust fund has launched a tender for a project in Catamarca province as part of the country’s regional electricity improvement plan.
-
The California Independent System Operator (CAISO) has nominated LS Power Grid California to finance, construct, own, operate and maintain two projects to support electricity reliability in California:
-
The Chilean National Commission of Energy is launching a request for proposals (RFP) for transmission projects in the country.
-
FirstEnergy Corp. has agreed to sell an additional 30% stake in its transmission unit to an affiliate of investment firm Brookfield Asset Management.
-
Peruvian investment promotion agency ProInversión has awarded two electricity transmission PPPs to Spain-based infrastructure company Acciona Concesiones.
-
Allete is partnering with Grid United on a $2.5 billion transmission line between the states of North Dakota and Montana.
-
The National Electric Coordinator has released its plans for a $279 million expansion of the transmission system in Chile.
-
Brazil’s National Electric Energy Agency has awarded projects, in the last transmission auction of the year.
-
Enel Chile has completed the sale of the company’s transmission business to Chilean transmission company Grupo Saesa.
-
Enel has landed COP$449 billion ($93.7 million) in financing from Bancolombia to support the company’s decarbonization strategy and electrification expansion.
-
FirstEnergy Corp., through its subsidiary American Transmission Systems, (ATS), will build a 138 kV high-voltage transmission line in Lorain County, Ohio.
-
Grupo Energía Bogotá (GEB) has completed its acquisition of five transmission lines in Brazil.
-
The Inter-American Development Bank (IDB) has agreed to finance a 544km transmission line between Ecuador and Peru.
-
Energy provider AES Andes has agreed to bidirectional energy exchanges between Chile and Argentina through the InterAndes electrical interconnection line.
-
Pattern Energy has received key approvals that will allow the construction of the SunZia transmission project and the SunZia wind projects next year (2023).
-
Brazil’s National Electric Energy Agency (Aneel) has approved the public notice for the second transmission auction the agency is holding this year.
-
Transmisora Colombiana de Energía (TCE) has secured financing to complete the construction of a transmission project in Colombia.
-
French construction company Vinci has signed a public-private partnership for a transmission project in Brazil.
-
Canada’s Algonquin Power & Utilities Corp. has agreed to a new transaction price for its acquisition of American Electric Power's (AEP) utility subsidiary Kentucky Power and its transmission business AEP Kentucky Transco.
-
The Ministry of Mines and Energy is launching a 5-project tender for electric transmission in Peru.
-
Equatorial Energia has agreed to acquire Enel Brasil's distribution business Celg-D (Enel Goiás).
-
Chile’s National Electric Coordinator (CEN) has awarded transmission projects in a tender launched earlier this year.
-
Argentine electric utility Edenor is preparing its second bond issuance in the local market this year, scheduled for September 22.
-
Starwood Energy Group has entered into a $100 million joint venture with a US transmission company to finance and accelerate grid modernization.
-
Grupo Energía Bogotá (GEB) has entered an agreement to acquire 100% interests in five transmission concessions in Brazil.
-
Enel Colombia has landed a COP 411 billion ($93.4 million) sustainability-linked financing from Bancolombia.
-
The Inter-American Development Bank (IDB) has approved a $1.14 billion credit line to support the decarbonization of Argentina’s energy sector.
-
Private investment agency Proinversión, in collaboration with the Ministry of Mines and Energy, is launching a tender for transmission projects in Peru.
-
Spain’s Acciona has won two transmission projects in a tender launched last October by Peruvian investment agency ProInversión.
-
A regional subsidiary of Brazilian energy company Neoenergia has signed a R$550 million ($105 million) “super green” loan with the IFC.
-
Neoenergia, Iberdrola’s subsidiary operating in Brazil, has won two transmission projects totaling 1,998 km in an auction held by the national regulatory agency Aneel.
-
Brazilian power holding Grupo Energisa has completed its acquisition of transmission company Gemini Energy.
-
FirstEnergy Corp has closed the sale of a minority stake in its transmission business to Brookfield Infrastructure Partners after the two companies reached an agreement for the platform last November.
-
AES El Salvador is planning a $370 million refinancing which will see the company replace its 2023 bonds with a new senior debt facility.
-
Brazilian transmission company Taesa (Transmissora Aliança de Energia Elétrica) has issued R$1.25 billion ($243 million) in green debentures to finance investments in 3 transmission concessions.
-
Caisse de dépôt et placement du Québec (CDPQ) has agreed to purchase Terna’s transmission portfolio, which is spread between Brazil, Peru and Uruguay.
-
The New York Power Authority (NYPA) has received more than $608 million in green bonds to finance clean energy transmission in New York State.
-
The New Jersey Board of Public Utilities (NJBPU) has postponed its third offshore wind solicitation in order to weigh transmission proposals that would interconnect offshore wind generation to the state's grid, and to allow the recent winners of the NY Bight offshore wind auction more time to prepare their project proposals.
-
Spanish development fund COFIDES has agreed to invest equity in transmission concessionaire Energía de Colombia.
-
Brazilian power holding company Grupo Energisa is set to acquire Gemini Energy, which owns stakes in three transmission concessions.
-
Ecuador's Ministry of Energy and Non-Renewable Natural Resources (MERNNR) has extended the deadline for companies to register interest in a trio of tenders for renewables, gas-fired and transmission projects in the country.
-
Holland & Knight has recruited Camilo Gantiva Hidalgo as a partner in its capital markets and financial law practices in Bogotá, Colombia.
-
Invenergy has appointed Omar Martino to the post of executive vice president, markets and regulatory.
-
Portugal's EDP has completed its acquisition of CELG-T, a Brazilian transmission company that operates in the state of Goiás.
-
Argo Energia Empreendimentos e Participações (Argo) has closed its acquisition of an electricity transmission platform in Brazil.
-
PJM Interconnection and the New Jersey Board of Public Utilities (NJBPU) have outlined plans to interconnect about 7.5 GW of offshore wind generation to the grid by 2035, through proposed transmission projects.
-
Chile’s national electric coordinator (CEN) has launched a new transmission tender for 15 projects that will require a collective investment of $300 million.
-
Brazilian transmission line operator Quantum has used its preference rights to acquire the remaining 50% stakes in two transmission projects.
-
The Brazilian Ministry of Mines and Energy (MME) has received studies for over 6,000 km of proposed transmission lines and associated substation infrastructure in the country's Northeast region.
-
Chile’s National Electric Coordinator (NEC) has officially awarded the tender for the Kimal-Lo Aguirre transmission project, connecting the northern and central regions of Chile's grid, to a consortium led by Colombia's Interconexion Electrica (ISA).
-
Colombia’s Mines and Energy Planning Unit (UPME) is planning the launch of a procurement process for a transmission project in the department of Antioquia.
-
Colombia’s Mines and Energy Planning Unit (UPME) is working on a procurement process for the development of a substation and related transmission lines in the department of Casanare.
-
A consortium led by Colombia's Interconexion Electrica (ISA) has presented the best offer for the procurement process of the Kimal-Lo-Aguirre transmission project, which will connect the northern and central regions of Chile's grid.
-
A Blackstone Infrastructure Partners portfolio company has submitted an application to develop an offshore wind transmission project to the New Jersey Board of Public Utilities (NJBPU).
-
Investment manager CYMI Holdings has brought online a transmission line to mitigate the impact of the drought on hydro plants.
-
Vinci Partners is planning to divest a 50.1% stake in power transmission concessionaire Linhas de Energia do Sertao Transmissora (Lest).
-
Brazilian power regulator Aneel has advanced plans for a transmission auction to be held in 2022.
-
Brazilian power regulator Aneel has approved a transmission auction that will take place on December 17 in Sao Paulo.
-
NextEra Energy has submitted a series of offshore wind transmission project proposals, collectively named New York Renewable Connect, to the New York Independent System Operator (NY-ISO).
-
First Energy Corp has secured about $3.4 billion of equity commitments from a pair of private equity firms, one of which will acquire a minority stake in three of the company's transmission businesses.
-
Argo Energia Empreendimentos e Participacoes (Argo) has inked an agreement with Rialma Administracao e Participacoes in Brazil to buy a local transmission platform.
-
NextEra Energy Transmission has been awarded the Wolf Creek-Blackberry transmission line, which will extend from Kansas to Missouri, by the Southwest Power Pool (SPP).
-
PSEG and Orsted have submitted several joint proposals to develop offshore wind transmission infrastructure within the PJM Interconnection market.
-
Enel’s transmission platform Enel Transmision has reached a deal to incorporate a smaller Enel subsidiary, Empresa de Transmision Chena, into its business.
-
A buyer north of the border has emerged for American Electric Power's regulated utility subsidiary Kentucky Power and its regulated transmission business AEP Kentucky Transco.
-
Enel Generacion Chile has begun the permitting process for a transmission project that will interconnect Chile and Argentina.
-
Colombian developer Empresas Publicas de Medellin (EPM) has received permission from the national finance ministry to raise funds for its 2021-2023 planned investments.
-
Costa Rica-owned power and telecommunications provider Instituto Costarricense de Electricidad (ICE) has closed a bond issuance to finance the development of electric smart meters across the grid.
-
A pair of bidders have put forward their offers for the Kimal-Lo-Aguirre transmission project, which will connect the northern and central regions of Chile's grid.
-
Brazil’s power regulator Aneel has signed off on concession contracts awarded in June for 515 km (320 miles) of transmission projects within the country.
-
Petroeléctrica de los Llanos has begun the permitting process for a transmission project in the Colombian department of Casanare.
-
Chilquinta Energia is planning to merge its transmission subsidiary, Chilquinta Transmision, with its affiliate Compañía Transmisora del Norte Grande (CTNG) in Chile.
-
Elecnor's Brazilian subsidiary, Elecnor do Brasil, has started construction work on a 200 km (124.27-mile) transmission line in the country.
-
PPL Corp has bought a stake in the SOO Green HVDC Link transmission project, a unique underground transmission line that will follow the route of existing Canadian Pacific railroads.
-
New York state has selected an $11 billion infrastructure project developed by Invenergy, energyRe and the New York Power Authority (NYPA) to deliver more than 7.5 million MWh of renewables-powered electricity within the state.
-
Uruguay’s state-owned National Administration of Power Plants and Electric Transmission (UTE) has secured financing for a 365 km (226.8-mile) transmission project in the country.
-
The president of Vestas' North America division has left the firm for a role at an independent power producer based in the UK.
-
A subsidiary of Brazilian power holding company Grupo Energisa has secured construction financing for three transmission lines in the country's Tocantins and Bahia states.
-
Ecuador’s Ministry of Energy and Non-Renewable Natural Resources has announced the launch of three procurement processes for renewables, gas-fired and transmission projects in the country.
-
LS Power subsidiary Rise Light & Power has bought the site of a retired oil-fired power plant in New Jersey and plans to redevelop it as an interconnection point for offshore wind farms to deliver electricity to the state's grid.
-
Two Chilean distribution firms that own generation and transmission assets in the country are preparing to split up those businesses in order to comply with a 2019 bill.
-
Engie Energia Chile has begun the permitting process for a substation in the country's Antofagasta region.
-
Spanish construction firm Ortiz Construcciones y Proyectos has clinched a debt package for a transmission line in the Colombian department of Atlántico.
-
Invenergy Renewables Global subsidiary Tealov has closed a debt package with IDB Invest to finance the construction of a transmission line in Uruguay.
-
In a deal that took almost a year to close, Interchile, a subsidiary of Colombia's Interconexion Electrica (ISA), raised about $1.2 billion of bonds to refinance a sprawling transmission portfolio interconnecting the entire northern half of Chile.
-
Colombian state-owned Ecopetrol has completed its purchase of a 51.41% stake in transmission company Interconexión Eléctrica (ISA) from the Colombian Ministry of Finance and Public Credit.
-
Interchile, a subsidiary of Colombia's Interconexión Eléctrica (ISA), is moving forward with the construction of two substations in Chile.
-
Independent power producer Colbun has won regulatory approval for the sale of its transmission subsidiary to Dutch fund APG and Celeo Redes, which was inked in March.
-
Brazilian power regulator Aneel has approved the draft outline for an upcoming transmission line auction, which is now scheduled for December 17.
-
Ecopetrol is planning to acquire a 51.4% stake in transmission company Interconexión Eléctrica (ISA) by buying the shares held by the Colombian Ministry of Finance and Public Credit.
-
Colombia’s Grupo Energia Bogota has begun the permitting process for a transmission project in the department of Magdalena.
-
Colombia’s Empresas Públicas de Medellín has begun the permitting process for a transmission line in the country's northwestern department of Antioquia.
-
Celsia-owned Empresa Energia del Pacifico (EPSA) has begun the permitting process for a transmission project in the Colombian departments of Cordoba and Sucre.
-
Interchile, a subsidiary of Colombia's Interconexión Eléctrica (ISA), has issued $1.2 billion in bonds to repay the debt on its 1,954 km (1,214.16-mile) Chilean transmission portfolio.
-
Colombia’s Interconexión Eléctrica (ISA) has begun the permitting process for a transmission project in the La Guajira, Magdalena and Cesar departments.
-
Colombia’s Ministry of Mines and Energy and Panama’s National Secretariat of Energy have signed an agreement laying out the terms for an electrical interconnection project between the two countries.
-
Colombia’s Mines and Energy Planning Unit (UPME) is working on a procurement process for the development of a substation and related transmission lines in the department of Arauca.
-
A buyer has emerged for a natural gas pipeline and storage developer based in the Northeastern US, following a competitive auction process.
-
Ormat Technologies has agreed to acquire a portfolio of operational and development-stage geothermal assets in Nevada and an associated transmission line from Terra-Gen.
-
Stonepeak Infrastructure Partners has completed the sale of its RED-Rochester district energy system in New York state to SDCL Energy Efficiency Income Trust.
-
M&A bankers are readying the sales of a number of district energy systems that are anticipated to hit the auction block in the coming weeks.
-
Securitization exists in the public consciousness primarily as a shadowy corner of the capital markets in which out-of-control financial engineering causes global economic meltdowns. Could it be due a reappraisal?
-
Oil company Ecopetrol has begun exclusive negotiations to acquire the Colombian government’s majority stake in international transmission company Interconexión Eléctrica (ISA), after making a bid in January.
-
Iberdrola’s Neoenergia is planning to issue R$2 billion ($369 million) in debentures in the Brazilian capital markets to finance its acquisition of Companhia Energetica de Brasilia Distribuição, having won an auction to privatize the distribution company last year.
-
Engie has resumed construction work on the Gralha Azul transmission system in the Brazilian state of Paraná, after progress was halted by a dispute over environmental permits last year.
-
Utility group NV Energy is exercising its option to buy a 20% stake in a transmission line in Nevada after the project was brought online earlier this year.
-
Brazil’s power regulator Aneel has approved the bidding documents for an auction of transmission lines scheduled for December 17.
-
Brazil’s Evoltz is preparing to issue debentures totaling R$1 billion ($187 million) for its transmission line subsidiary Norte Brasil Transmissora de Energia.
-
Peru’s procurement agency ProInversión has launched the bidding documents for the 500 kV Piura – Nova Frontera transmission line.
-
British fund manager Cubico Sustainable Investments has acquired its first transmission assets by taking a stake in Celsia’s Colombian portfolio through a newly formed vehicle called Caoba Inversiones.
-
Chilean firm Grupo Transelec has begun the permitting process for two transmission projects, having won contracts for them in February.
-
A subsidiary of Engie in Brazil has suspended construction on a transmission line because of a judicial decision.
-
After Panama's Empresa de Transmisión Eléctrica awarded a contract for a transmission project in September, rival bidders have questioned the legitimacy of the process, which is under review.
-
Transmission developers will be able to review bidding documents for a transmission line to connect the grids of Peru and Ecuador later this week when the Peruvian government makes them available on October 16.
-
As Latin America's power sector grapples with the consequences of the pandemic, PFR has brought together a diverse panel to share their perspectives on how the market will move forward.
-
The owner of a transmission project in Chile is looking to refinance it in the bond market, four years after the asset was originally financed by a club of banks.
-
Chile's National Electric Coordinator (NEC) is structuring a procurement process for a transmission project connecting the north and center of the country's grid.
-
Chilean firm Grupo Transelec has begun the permitting process for a large transmission project in Chile's Los Lagos region.
-
Mexico's Comisión Federal de Electricidad has canceled the procurement processes for two transmission projects in the country that have been in the works since 2019.
-
Chilean independent power producer Colbún has begun a search for investors to take an equity stake in its transmission subsidiary Colbún Transmisión or buy it entirely.
-
Peruvian state agency Proinversión is preparing a procurement process for two transmission projects that will require a total investment of $50 million.
RECENT ARTICLES
Recent Articles |
|