Sunnova Energy Corporation, a residential solar service provider in the U.S., has announced it has obtained US$80 million in tax equity funding commitments from U.S. Bancorp Community Development Corporation (USBCDC) which will enable the development of new residential solar projects with a total value of more than US$200 million.
Corporate Finance News News
Canadian Solar Inc. has announced that it has received US$20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.
Carnegie Clean Energy Limited has announced that it has received firm commitments for a AUD5 million (US$3.74 million) capital raise via the issue of AUD0.08 (US0.06) per share convertible notes which will be used to refinance an existing AUD500,000 working capital bank facility currently in place with its 100% owned solar/battery microgrid developer Energy Made Clean Pty Ltd.
As part of its efforts to scale up private sector-led infrastructure development in Asia and the Pacific and boost support for clean energy, the Asian Development Bank (ADB) approved a new US$390 million financing package for ReNew Power to develop renewable energy projects in India. The financing will assist 7 special purpose vehicles owned by ReNew Power, the first of which has also been signed.
Vivint Solar, Inc., a full-service residential solar provider, has announced it has closed a fixed-rate, 18-year term debt facility with four institutional investors, totaling US$203 million.
Global wind and solar developer Mainstream Renewable Power announces the launch of Mainstream Renewable Capital which will create custom-made opportunities for investors to gain exposure to the company’s multi-gigawatt portfolio of wind and solar projects.
Renew Financial, a clean energy finance company, has announced that it has closed a US$200 million revolving credit facility.
Abengoa has submitted to Seville Mercantile Court number 2, the request for approval of its restructuring agreement that has received the support from 86 % percent of financial creditors, thereby exceeding the majorities that the Insolvency Law requires for approval, after being validated and certified by the independent auditor Deloitte.
8minutenergy Renewables, LLC, an independent solar photovoltaic (PV) developer in the United States, has announced is initiating a capital raising process to fuel growth of its 5.5 gigawatt (GW) U.S. pipeline.
Canadian Solar Inc. has announced that its wholly-owned subsidiary Canadian Solar Projects K.K. has entered into a syndicated 3- year loan facility for JPY9.6 billion (US$95 million).
Altus Power America Inc. has increased its investment capital by more than US$200 million with commitments from the Alternative Energy Investing group at Goldman Sachs, Global Atlantic Financial Group and FS Investments (which is sub-advised by GSO Capital Partners, Blackstone’s credit business).
Renewable Energy Group, Inc. (REG) has announced today it has signed an agreement with Wells Fargo Capital Finance, a division of Wells Fargo Bank, and Fifth Third Bank to expand the company’s existing US$60 million line of credit to US$150 million.
Azure Power Global Limited has announced the launch of its initial public offering of 6,818,182 equity shares.
Canadian Solar Inc. has signed a financing agreement, pursuant to which, Export Development Canada ("EDC") has agreed to provide guarantees or letters of credit of up to US$100 million to Canadian Solar to support its global activities of project development.
Ormat Technologies has concluded an auction tender and accepted subscriptions for US$204 million aggregate principal amount of two tranches of senior unsecured bonds
Iberdrola has placed a green bond issuance with proceeds earmarked to refinance onshore wind farms in the United Kingdom.
Canadian Solar Inc.has announced that its wholly owned subsidiary CSI Solar Power (China) Inc. has successfully completed the initial issuance of RMB400 Million (US$60 million) commercial paper.
ACWA Power has announced the increase of its revolver facility by SAR600 million. The amount increases the 2015 revolver facility, which will continue to stand and now totals SAR 1,309 million (USD 349 million).
Green Plains Inc. (GPRE) has announced the completion of its offering of US$170 million aggregate principal amount of 4.125% convertible senior notes due 2022.
The Board of Directors of Vestas Wind Systems A/S has decided to initiate a share buy-back programme of up to DKK 2,984 million (US$448 million) to be executed during the period 18 August 2016 to 30 December 2016.