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Energy Finance & Investment News in North America

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 #294: 850 MW gas-fired power project in Mexico reaches financial close

IPPToday #294: 850 MW gas-fired power project in Mexico reaches financial close

🕔Oct 2, 2018

EVM Tenedora, S.A.P.I. de C.V. and EFS Global Energy B.V., a subsidiary of GE, has secured US$740 million financing for the development of an 850 MW power plant in Axapusco, Mexico, located approximately 60km north-east of Mexico City.

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IPPToday #293: Enel sells stake in 1.8 GW renewable projects in Mexico for US$1.4 billion

IPPToday #293: Enel sells stake in 1.8 GW renewable projects in Mexico for US$1.4 billion

🕔Oct 1, 2018

Enel, acting through its renewables subsidiary Enel Green Power (EGP), has closed the sale of 80% of the share capital of eight special purpose vehicles (SPVs), which own a combined 1.8 GW renewable capacity in Mexico, to the Caisse de dépot et placement du Québec (CDPQ) and the investment vehicle of the pension fund CKD Infraestructura México (CKD IM), an investment vehicle of some of the largest pension funds in Mexico.

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IPPToday #292: US state launches RFP for 400 MW renewable projects

IPPToday #292: US state launches RFP for 400 MW renewable projects

🕔Sep 27, 2018

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.

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IPPToday #289: US$1.5 billion acquisition to create second largest solar portfolio in North America

IPPToday #289: US$1.5 billion acquisition to create second largest solar portfolio in North America

🕔Sep 24, 2018

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).

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sPower closes US$500 million refinancing

sPower closes US$500 million refinancing

🕔Sep 21, 2018

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.

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IPPToday #286: New Jersey Board approves USA's largest offshore wind tender to date

IPPToday #286: New Jersey Board approves USA's largest offshore wind tender to date

🕔Sep 18, 2018

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.

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US government to fund bioenergy research

US government to fund bioenergy research

🕔Sep 7, 2018

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.

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IPPToday #268: Operators in US' largest shale oil basin agree to US$9.2 billion merger

IPPToday #268: Operators in US' largest shale oil basin agree to US$9.2 billion merger

🕔Aug 17, 2018

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.

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IPPToday #264: Starwood to acquire US$2.56 B energy project finance debt business

IPPToday #264: Starwood to acquire US$2.56 B energy project finance debt business

🕔Aug 10, 2018

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.

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IPPToday #255: American Electric Power cancels US$4.5 billion Wind Catcher project

IPPToday #255: American Electric Power cancels US$4.5 billion Wind Catcher project

🕔Jul 30, 2018

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.

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IPPToday #253: US state governments approve PacifiCorp's US$3 billion wind-transmission project

IPPToday #253: US state governments approve PacifiCorp's US$3 billion wind-transmission project

🕔Jul 25, 2018

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.

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IPPToday #249: 690 MW solar power to be installed near Las Vegas

IPPToday #249: 690 MW solar power to be installed near Las Vegas

🕔Jul 19, 2018

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.

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IPPToday #248: Acciona secures US$264 million for 400 MW solar project in Mexico

IPPToday #248: Acciona secures US$264 million for 400 MW solar project in Mexico

🕔Jul 18, 2018

Acciona has announced that, alongside Tuto Energy, it has signed a financing agreement for the 404 MWp Puerto Libertad photovoltaic complex in Sonora, north-west Mexico. The two companies each own 50% stakes in the project, which will deliver one of the highest-capacity solar plants in Latin America.

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CMS Energy acquires 250 MW US wind projects

CMS Energy acquires 250 MW US wind projects

🕔Jul 9, 2018

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.

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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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Allianz Global Investors’ Infrastructure Debt and Fermaca reached a deal to refinance El Encino–La Laguna Mexico gas pipeline

Allianz Global Investors’ Infrastructure Debt and Fermaca reached a deal to refinance El Encino–La Laguna Mexico gas pipeline

🕔Jul 5, 2018

Allianz Global Investors (AllianzGI), has announced that it has made an investment on behalf of its clients into the term refinancing of El Encino – La Laguna pipeline (EELL), an operating natural gas pipeline with over 476 Kilometres in central Mexico, sponsored by Fermaca.

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Macquarie Capital Launches Green Investment Group in North America; Completes Two Green Energy Investments

Macquarie Capital Launches Green Investment Group in North America; Completes Two Green Energy Investments

🕔Jul 5, 2018

Green Investment Group (GIG) launches in North America, establishing GIG as a global renewable energy investment platform.

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IPPToday #242: Longroad Energy Announces Sale, FC, and start of construction of the Phoebe Solar Project

IPPToday #242: Longroad Energy Announces Sale, FC, and start of construction of the Phoebe Solar Project

🕔Jul 5, 2018

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.

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Puerto Rico publishes RFQ for energy storage project

Puerto Rico publishes RFQ for energy storage project

🕔Jun 27, 2018

The Puerto Rico Public-Private Partnerships Authority in collaboration with the Puerto Rico Electric Power Authority (PREPA), will begin the selection process for a public-private partnership with a private company.

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