Alpek and ContourGlobal have entered into a 60-day exclusivity period to conduct confirmatory due diligence and negotiate final agreements in relation to ContourGlobal’s potential acquisition of Alpek’s cogeneration power plants in Cosoleacaque and Altamira, Mexico.
Energy Finance & Investment News in North America
Enel Green Power North America, Inc. (EGPNA), the U.S. renewable energy company of the Enel Group, has started construction of the Rattlesnake Creek wind farm in the United States. Once completed, Rattlesnake Creek will have a total installed capacity of 320 MW and will be Enel’s first wind farm in the state of Nebraska.
SemGroup Corporation (SEMG) has reached an agreement to sell its 50 percent interest in Glass Mountain Pipeline, LLC to an affiliate of BlackRock Inc.’s Global Energy and Power Infrastructure Fund(GEPIF) in partnership with Navigator Energy Services for US$300 million.
The sale of the Gainesville Renewable Energy Center biomass plant in Florida has been closed by consortium led by private equity fund manager Starwood Energy Group Global to the City of Gainesville for US$750 million.
Dynamic Energy Networks (DEN) has announced strategic alliances with established energy and industrial sector powerhouses Schneider Electric and The Carlyle Group.
Starwood Energy has finalized agreements to finance and construct the 100 MW Northwest Ohio Wind Project, located in Paulding County, Ohio.
Mexico Pacific Limited has received an investment from Aecom Capital’s infrastructure fund for the development costs of an estimated US$1 billion Liquified Natural Gas project in the Gulf of California.
Powin Energy Closes Project Financing from Brookfield Renewable for its Stratford Energy Storage System
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
Global alternative asset manager The Carlyle Group has announced executive leadership changes, effective January 1, 2018.
Comisión Federal de Electricidad (CFE) has opened technical proposals for the proposed Topolobampo branch line, in the state of Sinaloa, northwestern Mexico. Three companies have submitted their bids for the pipeline project to supply natural gas to power plants.
Frontera Energy Corporation has signed an agreement to acquire the outstanding 36.36% ownership of Pacific Midstream Limited from the International Finance Corporation (IFC).
Southern Company Gas to Sell Elizabethtown Gas and Elkton Gas to South Jersey Industries in $1.7 Billion Deal
A subsidiary of Southern Company Gas, Pivotal Utility Holdings, Inc., has entered into discussions to sell the assets of its utility operating divisions Elizabethtown Gas and Elkton Gas to South Jersey Industries with an enterprise value of about US$1.7 billion.
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.
WRB Serra Partners has successfully completed the closing of WRB Serra Partners Fund I, L.P. with committed capital of US$46.5 Million. The fund secured capital from a mix of family office and institutional investors and the Overseas Private Investment Corporation.
USA-based power producer and transporter, Dominion Energy has released a request for proposals (RFP) seeking qualified bidders for the development of a new photovoltaic (PV) solar generation and new onshore wind facility.
IFC, a member of the World Bank Group, today issued a 5-year green bond that raised US$1billion for climate-smart investments in emerging markets, amid surging investor demand.
Enel Green Power North America (EGPNA), the U.S. renewable energy company of the Enel Group, has signed a tax equity agreement worth approximately US$330 million with the Alternative Energy Investing Group of Goldman Sachs and GE Energy Financial Services, a unit of General Electric for the 298 MW Thunder Ranch wind project located in Oklahoma.
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.
PacifiCorp is seeking proposals to build 1.1 GW of new wind projects by 2020 as part of a broader wind and transmission expansion plan.