sPower has announced that it recently closed a US$498.7 million investment grade private placement financing. The financed portfolio represents approximately half of sPower’s 1.3 GW of operating portfolio. The portfolio is comprised of four previously financed tax equity partnerships with four leading financial investors.
Corporate Finance News News
Hamburg-based solar and wind park operator Encavis AG has announced the successful placement of a EUR50 million (US$57.76 million) "Green Schuldschein" (green bonded loan) with international and national institutional investors.
Macquarie Capital Launches Green Investment Group in North America; Completes Two Green Energy Investments
Green Investment Group (GIG) launches in North America, establishing GIG as a global renewable energy investment platform.
Bank of America Corporation has announced the issuance of its fourth and largest green bond. For an aggregate principal amount of US$2.25 billion, the issue is driven by the company’s commitment to deploying capital to advance sustainable projects.
PBF Holding Company LLC, a subsidiary of PBF Energy, has announced that it and certain of its subsidiaries' have entered into a new five-year revolving credit agreement.
Grasshopper Solar, Canada's largest fully-integrated solar energy company, has announced the successful completion of a CAD270 million (US$210.36 million) senior debt facility with Deutsche Bank.
PNE WIND AG plans to place a corporate bond in the amount of approximately EUR50 million (US$61.3 million). After the placement, the bond will be traded on the OTC market of the Frankfurt Stock Exchange.
Landsvirkjun has reached an agreement with US and UK institutional investors to issue its debut US private placement (USPP) in Green Bond format, for a total amount of US$200 million. The proceeds will be used to finance the construction of the Theistareykir and Burfell II power stations.
Grupo T-Solar, a leading Spanish independent photovoltaic solar power producer and a portfolio company of I Squared Capital, has issued project bonds worth EUR118.4 million (US$145 million) to refinance eleven photovoltaic solar generation plants in Spain with a total combined capacity of 34.2 MW.
Taking advantage of the attractive market conditions, ENGIE has issued its first Green Hybrid Bond (Deeply Subordinated Perpetual Bond) for an amount of EUR1 billion (US$1.22 billion), with a coupon of 1.375% and a Non-Call period of 5.25 years.
Capstone Infrastructure Corporation has announced that it has acquired the remaining interests in Glen Dhu Wind Energy Limited Partnership and Fitzpatrick Mountain Wind Energy Inc., and closed a new corporate credit facility.
French renewable energy provider Neoen has obtained financing for the construction of a global 1.6 GW renewable energy portfolio, through issuing a junior green bond with a total value of EUR245 million (US$293 million). The bonds have been subscribed by AMP Capital, through its Infrastructure Debt Fund III (IDF III).
The European Investment Bank (EIB), French lender Natixis Energeco and Akuo Energy, the leading French IPP in renewable energy, will take part in an EUR330 million (US$389 million) investment programme targeting nearly 400 MW of renewable energy projects owned by Akuo Energy.
Ence Energía is seeking to restructure its debt through a €220 million (US$261,40 million) facility which will expand its biomass power generation business.
Iberdrola has successfully placed its first issue of green hybrid bonds on the Euromarket, valued at €1 billion (US$ 1.19 billion). The proceeds obtained from it will be used to refinance investments in different renewable projects in the United Kingdom.
Octopus Investments has expanded the landmark £484 million solar portfolio refinancing it closed earlier this year, further expanding the biggest deal of its kind in the European solar sector.
Scatec Solar ASA has successfully completed a NOK750 million (US$92 million) senior unsecured green bond issue with maturity in November 2021.
Canadian Solar Inc. has announced that a wholly owned subsidiary of the Company and a few subsidiaries of Menora Mivtachim Holdings Ltd., one of Israel's five largest insurance and finance groups, entered into a joint venture agreement with the aim to invest in the development, financing, construction and ownership of solar power projects in Israel.
Innogy has signed a stand-alone credit agreement of €2 billion and has issued its inaugural corporate green bond of €850 million (US$1 billion) to refinance wind energy projects in Europe