The Narragansett Electric Company (NEC), an electric distribution company serving customers in Rhode Island and a subsidiary of UK utility National Grid, has issued a Request for Proposals (RFP) for the supply of energy as well as Renewable Energy Certificates and related attributes from up to 400 MW renewable energy projects.
Energy Finance & Investment News in USA (United States of America)
Consolidated Edison, Inc. (more commonly known as Con Edison) has announced that one of its subsidiaries has agreed to acquire 981 MW AC of operating renewable energy generation projects from a subsidiary of Sempra Energy. The purchase price is US$1.54 billion (subject to closing adjustments, including working capital).
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.
The New Jersey Board of Public Utilities has unanimously approved opening a solicitation for 1,100 MW of offshore wind capacity. This is largest single-state solicitation of offshore wind in the USA to date.
The Department of Energy of the US government has announced the selection of 36 projects totaling US$80 million to support early-stage bioenergy research and development (R&D). This R&D will enable cost-competitive, drop-in renewable hydrocarbon fuels, bio-based products, and power from non-food biomass and waste feedstocks.
Diamondback Energy, Inc. and Energen Corporation have announced that they have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock transaction valued at approximately US$9.2 billion.
Starwood Property Trust has entered into a definitive agreement to acquire GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio for $2.56 billion, including $400 million of unfunded loan commitments.
American Electric Power (AEP) has announced that it is canceling the Wind Catcher project, following its rejection by the Texas Public Utility Commission. The US$4.5 billion proposal involved the acquisition of a 2,000 MW wind farm, currently being constructed by Invenergy, and a 563 km, 765 kV transmission line.
PacifiCorp, a subsidiary of Berkshire Hathaway Energy, has secured the final state government approval required to proceed with Energy Vision 2020, an initiative focussed on wind and transmission assets in the northwestern United States, which the company estimates will require US$3 billion investment.
Quinbrook Infrastructure Partners has announced that it is developing a 690 MW solar project in Nevada, in the south-west of the USA. The company plans to install a photovoltaic power plant on around 44,000 acres of land located around approximately 40km northeast of downtown Las Vegas.
CMS Energy has announced the acquisition of two new planned wind farms located in the USA, which together have a generation capacity of 250 MW.
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.
IPPToday #242: Longroad Energy Announces Sale, FC, and start of construction of the Phoebe Solar Project
Longroad Energy Holdings, LLC has announced the sale of the Phoebe solar project to Innergex Renewable Energy Inc. The project also achieved financial closing and start of construction simultaneously with the sale.
Green Power EMC and Silicon Ranch Corporation have announced an agreement to significantly expand their solar energy portfolio in Georgia, a state in the south-east of the USA. As part of the agreement, the companies will bring a 194 MW of solar energy online by 2021.
EDF Renewables has announced the signing of Purchase and Sale Agreements (PSA) through which PGGM Infrastructure Fund will acquire a 50% ownership interest in wind and solar assets located in the USA with a total installed capacity of 588 MW.
AT&T, the ninth largest company in the USA this year in terms of revenue, has announced that it has signed a new agreement to purchase 300 MW of wind energy from projects being developed by NextEra Energy Resources in Texas.
Innogy SE has signed a Joint Development Agreement with US solar developer Birdseye Renewable Energy, LLC (Birdseye) regarding 13 solar projects with a total capacity of approximately 440 MW, to be located in the south-east of the USA.
The results of Connecticut Department of Energy and Environmental Protection (DEEP)'s Clean Energy Request for Proposals have been announced, with Deepwater Wind winning the contested offshore wind allocation.
Magellan Wind and Copenhagen Infrastructure Partners (CIP), on behalf of Copenhagen Infrastructure III (CI III), have announced that they have entered into a partnership for the development of a portfolio of floating offshore wind projects off the California coast and other areas of the United States.
Longroad Energy Holdings, LLC has announced the financing and full notice to proceed of the Rio Bravo wind project, located in Starr County, Texas. The project involves the construction of a 237.6 MW wind farm comprised of 66 Vestas 3.6 MW V136 wind turbines.