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Energy Finance & Investment News in Canada

IPPToday #295: LNG Canada partners to proceed with US$14 billion LNG project in British Columbia

IPPToday #295: LNG Canada partners to proceed with US$14 billion LNG project in British Columbia

🕔Oct 3, 2018

LNG Canada has announced that its joint venture participants – Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS – have taken a Final Investment Decision (FID) to build an LNG export facility in Kitimat, British Columbia.

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IPPToday #244: Enbridge and Brookfield agree US$3.3 billion natural gas sale

IPPToday #244: Enbridge and Brookfield agree US$3.3 billion natural gas sale

🕔Jul 9, 2018

Enbridge Inc. has entered into definitive agreements to sell its natural gas gathering and processing (G&P) business based in Canada to Brookfield Infrastructure and its institutional partners for a cash purchase price of CAD4.31 billion (US$3.29 billion).

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Innergex acquires 250 MW hydropower projects in Canada and Chile

Innergex acquires 250 MW hydropower projects in Canada and Chile

🕔May 21, 2018

Innergex Renewable Energy Inc. has announced that it has acquired Ledcor Power Group Ltd.’s 33.3% interest in Creek Power Inc., a company that indirectly owns the 7.5 MW Fitzsimmons Creek, 25.3 MW Boulder Creek and 81.4 MW Upper Lillooet River hydropower projects located in British Columbia, Canada, as well as a portfolio of prospective projects.

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CPPIB to acquire 49% stake in 1.8 GW renewable projects for US$1.4 billion

CPPIB to acquire 49% stake in 1.8 GW renewable projects for US$1.4 billion

🕔May 11, 2018

Canada Pension Plan Investment Board (CPPIB) has signed agreements with Enbridge Inc. to acquire 49% of Enbridge’s interests in select North American onshore renewable power assets, as well as 49% of Enbridge’s interests in two German offshore wind projects for approximately CAD1.75 billion (US$1.36 billion).

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700 MW renewables tender in Alberta progresses to RFQ stage

700 MW renewables tender in Alberta progresses to RFQ stage

🕔May 9, 2018

Alberta Electric System Operator (AESO) has opened the Request for Qualifications (RFQ) stage of rounds 2 and 3 of its Renewable Energy Program (REP), which aims to install 5,000 MW of renewable energy in the state, located in western Canada, by 2030.

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Grasshopper Solar secures US$210 million from Deutsche Bank

Grasshopper Solar secures US$210 million from Deutsche Bank

🕔Apr 26, 2018

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.

 

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LNG Canada to benefit from Government of British Columbia's latest tax cuts

LNG Canada to benefit from Government of British Columbia's latest tax cuts

🕔Apr 11, 2018

The government of British Columbia has announced new conditions and tax rebates for liquefied natural gas (LNG) projects in the province, in a suspected bid to prompt the final investment decision of the LNG Canada project, which was delayed indefinitely in July 2016.

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IPPToday #183: Government of Alberta opens 700 MW renewable tenders

IPPToday #183: Government of Alberta opens 700 MW renewable tenders

🕔Apr 2, 2018

The Alberta Electric System Operator (AESO) has opened Rounds 2 and 3 of its Renewable Electricity Program (REP), devised to support the Government of Alberta’s target of 30% renewable electricity by 2030. Expressions of Interest (EOI) for both rounds are invited until 20 April 2018.

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IPPToday #154: Government of Alberta announces second and third rounds of 5000 MW Renewable Electricity Program

IPPToday #154: Government of Alberta announces second and third rounds of 5000 MW Renewable Electricity Program

🕔Feb 13, 2018

The Government of Alberta, a province in western Canada, has announced that the Alberta Electric System Operator (AESO) is preparing to open the second and third series of tenders in its Renewable Electricity Program. In total, the two tenders will award 700 MW renewable energy projects.

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IPPToday #148: Eversource and Hydro-Québec selected for 9.45 TWh Massachusetts energy contract

IPPToday #148: Eversource and Hydro-Québec selected for 9.45 TWh Massachusetts energy contract

🕔Feb 5, 2018

Massachusetts utilities has announced that they have selected a Eversource Energy’s subsidiary Northern Pass Transmission (NPT) and Hydro-Québec joint proposal to supply 9.45 TWh of firm clean energy, which will help the state enhance reliability and contribute to its greenhouse gas reduction requirements. 

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 Federal Energy Regulatory Commission approve Hydro One and Avista Corp. merger

Federal Energy Regulatory Commission approve Hydro One and Avista Corp. merger

🕔Jan 25, 2018

The Federal Energy Regulatory Commission of the USA has approved the merger application filed by Hydro One Limited in Canada and Avista Corporation in the US. The application, filed in September 2017, concerns a definitive merger agreement under which Hydro One will acquire Avista for CAD67 million (US$53 million) per share in a CAD6.7 billion (US$5.3 billion) all-cash transaction.

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DIF completes the refinancing of a 30 MWac ground mounted solar PV portfolio

DIF completes the refinancing of a 30 MWac ground mounted solar PV portfolio

🕔Jan 15, 2018

DIF has completed the refinancing of a portfolio of three operational, ground-mounted solar photovoltaic projects located in Ontario, Canada.

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Capstone completes wind farm acquisition and corporate refinancing

Capstone completes wind farm acquisition and corporate refinancing

🕔Jan 12, 2018

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.

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CAD$1 billion secured for largest wind project in Ontario

CAD$1 billion secured for largest wind project in Ontario

🕔Jan 5, 2018

Pattern Energy Group has announced that it has secured CAD$1 billion (US$798,23 million) financing for the 300 MW Henvey Inlet wind project located on Henvey Inlet First Nation Reserve No. 2 on the northeast shore of the Georgian Bay in Ontario.

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US$280 million refinancing for two solar plants in Canada

US$280 million refinancing for two solar plants in Canada

🕔Dec 14, 2017

Connor, Clark & Lunn Infrastructure has announced the closing of two separate bond financings with a total of approximately CAD359 million (US$279.3 million) for the 50 MW Windsor Solar Project and the 50 MW Southgate Solar Project.

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Powin Energy Closes Project Financing from Brookfield Renewable for its Stratford Energy Storage System

Powin Energy Closes Project Financing from Brookfield Renewable for its Stratford Energy Storage System

🕔Oct 31, 2017

Powin Energy Corporation has secured construction to term project financing from renewable power company Brookfield Renewable Partners for its 8.8 MW/40.8 MWh Stratford Energy Storage Project in Stratford, Ontario, Canada

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IPPToday #87: IFC sells Pacific Midstream stakes back to Frontera

IPPToday #87: IFC sells Pacific Midstream stakes back to Frontera

🕔Oct 27, 2017

Frontera Energy Corporation has signed an agreement to acquire the outstanding 36.36% ownership of Pacific Midstream Limited from the International Finance Corporation (IFC).

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Shenzhen Firm to acquire three U.S. solar farms

Shenzhen Firm to acquire three U.S. solar farms

🕔Oct 26, 2017

Shenzhen Energy will buy three California solar power plants for approximately US$232 million from Canadian Solar, as a way to diversify their business with power plant construction.

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IPPToday #72: Alberta transmission project closes $1.4 billion financing

IPPToday #72: Alberta transmission project closes $1.4 billion financing

🕔Oct 5, 2017

ATCO has announced that Alberta PowerLine, a partnership owned 80 per cent by Canadian Utilities Limited, an ATCO company, and 20 per cent by Quanta Services, Inc., has closed the issuance of an aggregate of US$1,384,678,000 of bonds with maturities ranging from June 2032 to March 2054.

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IPPToday #57: DONG Energy Signs LoI for big offshore wind project in British Columbia, Canada

IPPToday #57: DONG Energy Signs LoI for big offshore wind project in British Columbia, Canada

🕔Sep 14, 2017

DONG Energy and NaiKun Wind Energy Group have signed a Letter of Intent (LOI) which gives DONG Energy the exclusive rights to negotiate a joint development agreement for the Haida Energy Field Offshore Wind Project in British Columbia and explore the potential for establishing a long-term partnership with Naikun Wind Energy Group

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