Arconic has announced its receipt of a portion of the proceeds from the sale of the Yadkin Hydroelectric Project to Cube Hydro Carolinas by Alcoa Power Generating Inc., a subsidiary of Alcoa Corporation.
Energy Finance & Investment News in USA (United States of America)
Salka LLC has announced the execution of a purchase and sale agreement for an in-development wind farm in the east San Francisco Bay Area called the Summit Wind Project.
U.S. Bureau of Ocean Energy Management’s (BOEM) declared Avangrid Renewables, a subsidiary of Iberdrola, as the preliminary winner of the auction for 122,405 acres off the coast of Kitty Hawk, N.C., for development as an offshore wind energy facility.
3i announced the launch of its North American infrastructure business. Establishing a local team in the US will position 3i to access attractive infrastructure investment opportunities throughout North America.
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.
Copenhagen Infrastructure Partners (CIP) has initiated the fundraising process for its new fund, Copenhagen Infrastructure III, which will now be open for investor subscription.
Sofinnova Partners, a Paris, France-based venture capital firm specialized in life sciences, held the first closing of its latest fund, Sofinnova Industrial Biotech I (Sofinnova IB I), at €106 million (US$112,7 million).
TerraForm Power, Inc., an owner and operator of clean energy power plants, and Brookfield Asset Management Inc., a global alternative asset manager, have announced that they have entered into a definitive agreement under which Brookfield will assume the role of TerraForm Power’s sponsor and Brookfield will become the controlling shareholder.
The AES Corporation and Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, have agreed to acquire FTP Power LLC (sPower), the largest independent owner, operator and developer of utility scale solar assets in the United States, from Fir Tree Partners and its minority owners, for US$853 million in cash, plus the assumption of US$724 million in non-recourse debt.
EQT has announced that its third fund for infrastructure investments, EQT Infrastructure III, has been closed at the hard cap of €4 billion (US$4.2 million).
Allianz Global Investors has made an investment on behalf of its clients into the Balko Wind project, a 300 MW installed capacity wind farm located in Beaver County, Oklahoma (US).
D. E. Shaw Renewable Investments, L.L.C. (DESRI), in partnership with Bright Plain Renewable Energy (BPRE), has announced the acquisition of the Fusion Solar Center project from Coronal Energy, powered by Panasonic.
Duke Energy Renewables has completed its large-scale wind power plant in Oklahoma (USA), the 200 MW Frontier Windpower Project.
EIV Capital, an energy-focused private equity firm, has announced the final closing of its third fund, EIV Capital Fund III, LP and its affiliates, at its hard cap of US$450 million, surpassing its original US$350 million target.
BlackRock has entered into an agreement to acquire First Reserve Energy Infrastructure Funds (FREIF), the equity infrastructure franchise of First Reserve.
Global Infrastructure Partners have raised a total of US$15.8 billion for its GIP III fund, which is the firm's largest infrastructure fund.
Northleaf Capital Partners has announced that it has held the final closing for its second OECD-focused pooled infrastructure fund, Northleaf Infrastructure Capital Partners II (NICP II), at its US$950 million hard cap.
Cricket Valley Energy Center, LLC, has announced the successful financial close for the construction of the US$1.584 billion Cricket Valley Energy Center, a fully-permitted approximately 1,100-MW combined-cycle natural gas electric generating facility located in Dover, New York.
FirstEnergy Corp. has announced it has entered into an agreement to sell four competitive natural gas generating plants in Pennsylvania and its competitive portion of a Virginia hydroelectric power station to a subsidiary of LS Power Equity Partners III, LP, of New York.
J-POWER Westmoreland, LLC, a subsidiary of J-POWER USA Investment Co., Ltd., has secured an equity stake from Tenaska in the Tenaska Westmoreland Generating Station, a 925 MW natural gas-fueled power plant project near Pittsburgh.