U.S.
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New Fortress Energy (NFE) has reached an agreement to sell its liquefaction and storage facility in Miami, Florida to a US middle-market infrastructure fund.
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The Bureau of Ocean Energy Management (BOEM) has given Atlantic Shores Offshore Wind a Record of Decision (RoD) for its 2 projects totalling 2.8GW off the coast of New Jersey. This approval marks the ninth offshore wind farm approved by the Biden-Harris administration.
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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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Oglethorpe Power will acquire a 465MW peaking power plant in Georgia from global investment firm The Carlyle Group’s affiliate Mackinaw Power Holdings.
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NextDecade has issued $1.115 billion in senior secured notes in a private placement to fund outstanding borrowings and commitments for its Rio Grande LNG facility.
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Timo Hellwig has taken over as the head of KfW IPEX-Bank North America and will lead project financing transactions in the US and Canada.
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Distributed generation solar developer Spruce Power Holding Corporation secured a $130 million non-recourse debt facility from global investment manager Barings.
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Apollo Infrastructure-backed Apterra has hired Ashish Gupta as managing director of its core infrastructure business, effective immediately.
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Gore Street Capital will transfer ownership of its 400MWh California-sited BESS site to Imperial Irrigation District (IID).
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Clean fuels technology company Aether Fuels has secured $34 million in Series A financing from a syndicate of global investors.
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The Bureau of Ocean Energy Management (BOEM) has announced the date of the first Central Atlantic offshore wind lease sale, which could total 6.3GW of generated capacity.
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California-based asset management firm TCW Group will divest its 19.64% ownership of Pennsylvania’s Homer City Generation to funds managed by distressed asset-focused investor Knighthead Capital Management, PFR has learned.
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Great Bay Renewables, jointly controlled by Altius Renewable Royalties and Apollo-managed funds, has signed a $30 million royalty investment with solar developer Nokomis Energy.
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Law firm Barclay Damon has opened a power and energy construction practice area following a merger with Washington DC–based Shapiro, Lifschitz & Schram (SLS).
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Voltera, a developer, owner, and operator of charging infrastructure for EV fleets, has hired Sylvia Hendron as the company’s first chief development officer.
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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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Canadian Solar subsidiary Recurrent Energy has inked a $103 million tax credit agreement with Bank of America for its 160MW North Fork Solar Project in Oklahoma.
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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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American Electric Power (AEP) has hired William Fehrman as president and chief executive, effective 1 August (2024).
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Community solar provider Ampion Renewable Energy has partnered with fast food chain Wendy’s to help source renewable energy for the company’s restaurants.
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Salt River Project (SRP) has issued a request for proposals for long duration energy storage with a capacity of 5MW to 50MW and a duration of 10 hours in Arizona.
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Mitsubishi Heavy Industries and Export Development Canada are some of the latest investors in a $31 million Series A2 financing for energy storage company e-Zinc.
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Ørsted’s 924MW Sunrise Wind project was given its final approval by the Bureau of Ocean Energy Management (BOEM).
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Sumitomo Corporation of Americas has completed a tax equity investment in a portfolio of solar and battery storage projects owned by Pacifico Power.
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Belltown Power has put an 850MW battery energy storage (BESS) portfolio in Texas up for sale.
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Norway’s NorSun is investing $620 million in a 5GW solar manufacturing facility in Oklahoma, its first US-based factory.
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MUFG has joined several other major investors in sustainable aviation fuel producer LanzaJet’s $100 million growth equity funding round.
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Kimmeridge subsidiary Kimmeridge Texas Gas has closed on its follow-on control investment in Commonwealth LNG and hired David Lawler as chief executive to lead the venture.
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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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8 Rivers Capital, the decarbonisation technology developer, has hired Asheley Kinsey as the company’s chief financial officer.
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Cerberus Capital Management has invested $315.5 million in Eos Energy Enterprises, a manufacturer of zinc-based long duration energy storage systems.
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Hannon Armstrong Sustainable Infrastructure Capital (HASI) has priced its private offering of $700 million in aggregate principal amount of 6.375% green senior unsecured notes due 2034.
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Fervo Energy has signed 2 geothermal PPAs totalling 320MW with Southern California Edison (SCE), one of the US’s largest utilities.
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Carbon capture start-up Heirloom Carbon Technologies is set to develop 2 direct air capture (DAC) facilities in Port of Caddo-Bossier, Louisiana.
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Jupiter Power's partnership with local power provider Consumers Energy is to acquire 100MW of battery energy storage in Coldwater, Michigan.
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Commercial-scale clean electricity provider Altus Power is to acquire an 8.5MW solar array sited in New Jersey.
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Air Liquide has signed an agreement to support ExxonMobil's production of low-carbon hydrogen and ammonia at its Baytown, Texas, facility.
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Philadelphia-based Doral Renewables has secured a $400 million minority equity investment from Netherlands pension APG, a subsidiary of ABP.
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A stalled bill to extend tax breaks for data centres in Michigan has been touted as the bellwether for a co-generation comeback.
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Silicon Valley Bank has led the second financing, totalling $230 million, for Sol System's 300MW Eldorado solar project in Illinois, bringing the total financing to $480 million for the project.
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The New York State Energy Research Development Authority (NYSERDA) has launched its 8th annual request for proposals for onshore, large-scale renewable energy projects.
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CleanSpark’s subsidiary CSRE Properties Sandersville is acquiring 5 bitcoin mining data centers in Georgia for $25 million.
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The Pacific Northwest Hydrogen Association (PNWH2) has hired Chris Green as its first president.
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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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Catalyst Power is to buy New-York based electricity and natural gas supplier Robison Energy from V3 Commodities Group.
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Several large energy developers have become investors in tax credit transfer platform Crux Climate through a $18.2 million Series A funding round.
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Charles River Associates, the financial and management consultants, has expanded its US energy practice by hiring Christine Oumansour as vice president.
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energyRE has signed a pair of 15-year PPAs to provide solar power to US Department of Defense facilities in the southeastern US.
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Recurrent Energy has secured $513 million in project financing for its 1,200MWh Papago Storage project located in Maricopa County, Arizona.
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Hecate Grid, a joint venture between an InfraRed Capital Partners managed fund and Hecate Energy, has closed a 4-year $125 million Letter of Credit with MUFG.
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Adapature Renewables has signed a 15-year PPA for a 67MW solar facility in Hunt County, Texas with a Fortune 50 offtaker.
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North American solar developer SunEnergy1 will sell a 105MW solar PV portfolio to funds managed by renewables infrastructure private equity firm True Green Capital, PFR has learned.
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Independent Canadian fuel distributor and retailer Parkland Corporation is seeking a buyer for its platform.
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UK electricity provider Octopus Energy has made its first US renewables investment with the acquisition of a pair of solar projects from Vesper Energy.
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Biocarbon producer Aymium has closed a $50 million financing with Fortress Investment Group and Kilonova Capital.
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GoodLeap has closed a $311.6 million securitisation of residential solar loans originated on its platform.
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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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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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Middle-market infrastructure investor Tiger Infrastructure Partners is to acquire fully-integrated energy-as-a-service platform Unison Energy.
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Google and NV Energy have formed a partnership to supply the tech giant's Nevada data centres with advanced geothermal electricity.
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Create Energy and RECOM Technologies have formed a joint venture to develop a 5GW solar PV manufacturing plant in Tennessee.
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SLB and Aker Carbon Capture have closed their joint venture after Aker sold 80% of its share in Aker Carbon Capture Holding AS (ACCH) to an SLB subsidiary.
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Washington-based Puget Sound Energy (PSE) has closed on the sale of its $800 million schedule A and B senior notes.
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BP-owned Archaea Energy and Republic Services have partnered to develop 40 landfill gas-to-renewable natural gas plants, completing construction on their first RNG project.
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American Electric Power (AEP) has begun seeking Federal Energy Regulatory Commission (FERC) approval on its $315 million sale of distributed energy business AEP OnSite Partners to funds managed by Basalt Infrastructure Partners (BIP).
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NextDecade has signed a 20-year sale and purchase agreement (SPA) with Aramco to supply LNG from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas.
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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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Baker Donelson has hired Stephen Luttrell in the firm’s corporate group, based in Baltimore, Maryland.
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NRG Energy has submitted 3 loan proposals to the Texas Energy Fund (TEF) for 1.6GW of natural gas-powered ERCOT projects.
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Japanese corporate Itochu has made the first investment from its North America renewables-focused fund Overland Capital Partners.
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Export Development Canada (EDC) has led a $136 million equity financing for FLO, a North American EV charging hardware and software provider.
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Swift Solar has closed a $27 million Series A financing round led by Eni and Fontinalis Partners for advanced solar panel manufacturing.
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Alliant's midwestern utility company Wisconsin Power & Light has completed its nearly $127 million sell-down of the West Riverside Energy Center, PFR has learned.
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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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EDPR NA Distributed Generation will acquire 4 Illinois community solar projects totalling 20MWac from Renewable Properties.
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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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NextEra Energy has closed on the sale of its 180MW Big Cypress solar PV facility to Crittenden County, Arkansas in a sale-leaseback deal, PFR has learned.
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DTE Energy is planning to convert a portion of its retired Trenton Channel coal power plant in Michigan to a 220MW/800MWh battery energy storage system.
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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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Redeux Energy Partners is to sell a 450MWdc solar portfolio to Pine Gate Renewables.
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Solaris Energy has appointed Nick Perugini as chief executive while current CEO, Alex Blackmer, will become president.
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Sunnova Energy International has hired Eric Williams as executive vice president, chief financial officer.
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As the Lone Star State begins to face the climbing summer temperatures, intense weather events, specifically Winter Storm Uri, remain at the top of Texans' minds.
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BHE Renewables, a subsidiary of Berkshire Hathaway Energy, has signed a pair of 20-year power purchase agreements (PPA) with the Clean Power Alliance (CPA) for solar-plus-storage projects in California.
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Independent power producer Silicon Ranch will enter 3 sale-leaseback transactions for 704MW of solar photovoltaic projects in Georgia and Kentucky, PFR has learned.
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Tri-State Generation and Transmission Association (Tri-state) will purchase 2 Colorado-based solar projects from JUWI.
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Arevia Power has signed a power purchase agreement with NV Energy for its 700MW/2.8GWh Libra Solar project in Nevada.
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Entergy and NextEra Energy Resources have partnered to develop up to 4.5GW of solar and storage projects over the next 5 years.
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Nexus PMG has made an investment in renewable fuels company Saola Energy.
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Lotus Infrastructure Partner has closed its acquisition of PNE USA, with the developer rebranded as Allium Renewable Energy.
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Entergy has submitted proposals for 2 natural gas power plants to the Public Utility Commission of Texas (TPUC) as the state pushes for new generation as energy demand intensifies.
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Biocarbon producer Aymium has closed a $210 million financing from Copenhagen Infrastructure Partners and ECP ForeStar for its Williams production facility at a former California coal plant.
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The Bureau of Ocean Energy Management (BOEM) has approved an Environmental Assessment (EA) for potential offshore wind development off the Delaware, Maryland, and Virginia coasts.
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Louisiana power company Cleco Corporate Holdings has closed on the $600 million sale of its unregulated electric utility business, Cleco Cajun, to private equity firm Atlas Holdings, PFR has learned.
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Goldman Sachs has hired a vice president for its energy tax investing group in New York City.
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Black Mountain Energy Storage has put up a late stage 1070MW/2140MWh battery energy storage system (BESS) portfolio up for sale.
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Energy Renewal Partners (ERP) has received an investment from lower middle market-focused private equity firm Rockwood Equity Partners.
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Sunrun, a provider of residential solar, storage and energy services, has priced a $886.3 million securitisation of leases and power purchase agreements, known as Sunrun’s solar-as-a-service offering.
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Babcock & Wilcox (B&W) has signed an agreement with NorthStar Clean Energy to convert a former coal-fired power plant to a bioenergy with carbon capture and storage facility.
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The $10 billion Texas Energy Fund (TEF) opened its loan program on 1 June with more than 65 applicants submitting proposals totalling 48GW.
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Midstream natural gas company Kinetik has closed on the sale of a 16% equity interest in the Gulf Coast Express pipeline (GCX) to an ArcLight Capital Partners affiliate.
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Avangrid has signed a power purchase agreement (PPA) with CPS Energy for 161MW of the Peñascal I wind farm in Kenedy County, Texas.
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JERA, Japan's prominent power and LNG entity, has agreed to sell down its interest in the Freeport LNG project to Japan Petroleum Exploration Co (JAPEX).
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Equinor and Ørsted have secured final purchase and sale agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA) for 2 offshore wind projects, totalling 1.734GW.
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Leeward Renewable Energy (LRE) has signed a 15-year resource adequacy agreement with Pacific Gas & Electric Company for its 112.5MW Sierra Pinta Energy Storage Project in Arizona.
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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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Canadian pipeline and energy company Enbridge has closed on its acquisition of Dominion Energy’s Questar Gas and Wexpro assets for around $4.3 billion.
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Sol Systems has secured an $85 million investment from Macquarie Asset Management to support of the construction and operation of 5 utility-scale solar projects located in Illinois and Ohio.
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BlackRock has closed its $500 million preferred equity investment in Canadian Solar subsidiary, Recurrent Energy, which represents a 20% stake in the solar and energy storage developer.
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SunPower has drawn $50 million from a loan made by its majority shareholder Sol Holding, which is owned jointly by TotalEnergies and Global Infrastructure Partners (GIP).
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The Minnesota Public Utilities Commission (MPUC) has approved Otter Tail Power's long-term electric generation and investment plan after the utility agreed to exit the Coyote Station coal plant by 2031.
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DLL, the Rabobank-owned asset finance company for equipment and technology, has partnered with Sunstone Credit to provide a loan platform for solar and battery storage assets.
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The New Mexico Public Regulation Commission (NMPRC) has approved PNM Resource's application to integrate 410MW of new solar and energy storage by 2026.
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Vistra will add 2GW of dispatchable, natural gas-fuelled power capacity throughout west, central, and north Texas.
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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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EDPR NA DG's head of capital markets, Sam Egendorf, has left his role at the firm.
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Duke Energy has signed memoranda of understanding (MoUs) with Amazon, Google, Microsoft and Nucor to develop power contract terms with electric utilities in North Carolina and South Carolina, with the goal of lowering the cost of building new nuclear technologies and batteries.
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Clean Energy Fuels has signed an agreement to provide Cemex with 300,000 gallons of renewable natural gas annually.
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Real assets investment management firm Versus Capital Advisors has hired Alicia Chen as director of investments.
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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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Distributed solar and battery development growth platform Apricus Generation has agreed to acquire a controlling interest in Toronto-based Nexus Renewables.
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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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US energy storage solutions provider Torus has been contracted to provide Gardner Group with nearly 26MWh of energy storage capacity across part of the group’s commercial real estate assets.
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NOVA Infrastructure is acquiring listed solar and storage developer UGE International in a deal that values the company at C$72 million.
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Danish energy giant Ørsted has agreed to pay New Jersey and its Board of Public Utilities (NJBPU) $125 million to settle claims made against its decision to cancel offshore wind projects Ocean Wind 1 and 2 in late 2023.
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Homecoming Capital has invested $50 million in Clean Energy Terminals (CET) which is developing offshore wind port infrastructure projects on the east and west coasts in the US.
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ArcLight Capital Partners and battery storage developer Elevate Renewables are set to develop a 15MW/60MWh distributed generation-sized battery storage project in Staten Island, New York.
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