Revolver draws to fund FirstEnergy Transmission expansion
FirstEnergy plans to use draws on a $1 billion revolving credit facility to fund equity commitments to a $4.2 billion transmission upgrade programme.
View ArticleDuSable to manage 1MDB solar
1 Malaysia Development (1MDB) has reached an agreement with DuSable Capital Management for it to to act as an investment manager for 1MDB's 50MW solar project in Kedah, Malaysia.
View ArticleBoralex nears market with Témiscouata wind
Boralex is preparing a debt financing for the first two phases of the Témiscouata wind project in Québec.
View ArticleFGE closes in on hedge for Texas combined-cycle
FGE Power is nearing a financial hedge to underpin its planned 739MW combined-cycle project in Texas.
View ArticleAthmuqam hydropower tender launched
The Government of Pakistan has issued a tender calling for proposals from private developers to submit bids to develop the 350MW Athmuqam Hydropwer project.
View Article1MDB mandates AmInvestment and MUFG for Project 3B
1Malaysia Development (1MDB) and Mitsui are understood to have appointed AmInvestment Bank and MUFG as lead arrangers for the roughly R11 billion ($3.3 billion) Project 3B.
View ArticleHarbert affiliate to acquire Northern Star stake
The Ontario Teachers’ Pension Plan has agreed to sell its 50% stake in Northern Star Generation (NSG) to an affiliate of Harbert Management Corporation.
View ArticleHannon Armstrong launches solar DG debt fund
Hannon Armstrong and Sol Systems have launched a debt fund to finance solar distributed generation (DG) projects in the US.
View ArticleGoogle and SunPower launch solar lease programme
Google and SunPower have launched a $250 million residential solar lease programme.
View ArticlePLN launches tender for new coal-fired batch
Indonesia’s state-owned utility PLN has issued the tenders for five independent power producer projects.
View ArticleGeneral Electric bid for Alstom accepted
General Electric (GE) has submitted a binding offer worth $16.9 billion to acquire the energy business of French company Alstom.
View ArticleInvenergy closes on Grays Harbor gas-fired
Invenergy Development Company has closed a financing for the 620MW Grays Harbor gas-fired plant in Elma, Washington.
View ArticleTwo lenders join Gemini offshore wind
Two commercial lenders have joined the financing for the €2.8 billion ($3.7 billion), 600MW Gemini offshore wind project off the coast of the Netherlands.
View ArticleSunEdison closes on Regulus PV
SunEdison has closed a financing for the 60MW Regulus solar photovoltaic (PV) project in Kern county, California.
View ArticleLenders in place for Nigeria's Azura-Edo IPP
Amaya Capital and American Capital Energy & Infrastructure (ACEI) has all of the lenders in place for its roughly $750 million Azura-Edo independent power producer project in Nigeria
View ArticleHawaiian Electric launches storage RFP
Hawaiian Electric is seeking proposals for large energy storage systems capable of warehousing 60-200MW of renewables generation
View ArticleFirst Wind closes on Oakfield wind debt
First Wind has closed a $237 million debt financing for its Oakfield wind project in Aroostook county, Maine
View ArticleEDC readies second Burgos wind phase
The Lopez group-led Energy Development Corporation (EDC) is preparing a $150 million second phase of the Burgos wind project in the Philippines
View Article1MDB obtains equity for Malaysian solar
Malaysian utility Tenaga Nasional (TNB) is understood to have reached an agreement with 1 Malaysia Development (1MDB) to take a 20% equity stake in the 50MW solar project in Kedah, Malaysia.
View ArticleSK Hydro nears PPA on Suki Kinari hydro
SK Hydro expects to sign a power purchase agreement (PPA) for the 870MW Suki Kinari Hydropower project in Pakistan in the next few weeks.
View ArticleDeka acquires debt in German wind portfolio
Debt fund Deka Infrastrukturkredit has acquired a €20 million ($27.8 million) senior tranche of financing for a portfolio of wind farms in Germany.
View ArticleCobra expands Peru’s first wind project
Cobra Energia has hired Siemens to add 97MW of capacity to Peru’s first wind project near the city of San Juan de Marcona, in the Ica region.
View ArticleAbengoa assembles debt for Xina CSP
An Abengoa-led consortium has approached the International Finance Corporation (IFC) about providing debt for its 100MW Xina concentrated solar power (CSP) project in South Africa.
View ArticleMarubeni to expand Indonesia's Cirebon power plant
The consortium behind the 600MW Cirebon independent power producer (IPP) project in Indonesia are planning to expand the development by an additional 1000MW.
View ArticleIC plans Peruvian power sale to Enersis
Israel Corp (IC) has agreed to sell its 21.14% stake in Peruvian power generator Edegel to Chile's Enersis for a cash consideration of $413 million.
View ArticleGIR forms municipal renewables venture
Global Investment Renewable (GIR) has formed a municipal renewable energy projects venture called Coronal Municipal Energy Services.
View ArticleAboitiz wins Philippines' Naga power contract
The Philippines’ Power Sector Assets and Liabilities Management Corp (PSALM) has appointed Aboitiz subsidiary Therma Power Visayas as preferred bidder for the auction of the Naga power portfolio in Cebu
View ArticleUS DoE makes offshore wind pilot grants
The United States Department has picked three offshore wind pilot projects to receive $47 million each in grant funding.
View ArticleIFM closes Essential Power equity recapitalisation
IFM Investors has completed a $201.9 million equity recapitalisation of its Essential Power portfolio to repair the damage caused by hedging losses.
View ArticleBerkshire Hathaway to buy AltaLink transmission
Berkshire Hathaway Energy has agreed to pay SNC-Lavalin C$3.2 billion ($2.9 billion) for Alberta transmission operator AltaLink. Berkshire Hathaway and SNC have also formed a joint venture to develop...
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