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.
Energy Finance & Investment News in North America
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.
Southern Power, a wholesale energy provider in the USA and subsidiary of Southern Company, has announced that it has entered into an agreement to sell a 33% minority interest in its solar portfolio to Global Atlantic Financial Group Limited for a purchase price of US$1.175 billion.
AMP Capital has entered into a 50/50 partnership with Invenergy Clean Power LLC (ICP) to invest in Invenergy’s operating and development portfolio of natural gas-fired power generation facilities across the United States, Canada and Mexico.
Bank of America Corporation has announced the issuance of its fourth and largest green bond. For an aggregate principal amount of US$2.25 billion, the issue is driven by the company’s commitment to deploying capital to advance sustainable projects.
Authorities in Massachusetts and Rhode Island, states in the north-east of the USA, have selected winning developers following a Request for Proposals (RFP) for offshore wind projects, allowing the development of offshore wind farms with a cumulative capacity of 1.2 GW to proceed.
PBF Holding Company LLC, a subsidiary of PBF Energy, has announced that it and certain of its subsidiaries' have entered into a new five-year revolving credit agreement.
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.
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).
Southwestern Electric Power Company (SWEPCO) has announced that the Arkansas Public Service Commission (APSC) has determined that the Wind Catcher Energy Connection project, the largest single-site wind project in the United States, is in the public interest, marking the project's first major approval by planning authorities. The estimated cost of the project is US$4.5 billion.
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.
Sammons Renewable Energy (SRE) has announced the closing of the hedge, tax equity, and construction financing for Midway Wind, a 163 MW wind farm project in Texas. Commercial operations are scheduled to commence in December 2018.
Invenergy has announced that it has completed the construction and financing for its 161.3 MW Pine River Wind Energy Center located in Gratiot and Isabella counties, Michigan, USA.
The private investment arm of the Inter-American Development Bank (IDB), the Inter-American Investment Corporation (IIC), has approved a US$200 million loan for the construction of a greenfield waste-to-energy plant in Mexico City.
Actis has announced that it has acquired InterGen's portfolio of businesses in Mexico for a consolidated enterprise value of US$1.256 billion.
The Governor of New York, Andrew M. Cuomo, has announced the launch of the second tender for large-scale renewable energy projects in the state. The tender will procure Tier 1 Renewable Energy Certificates for up to 20 projects. It is expected to trigger up to US$1.5 billion in private investment and create more than 1,000 new well-paying jobs for New Yorkers.
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.
Atlas Renewable Energy has announced that it has acquired the Guajiro solar project from SunPower Corp. The project involves the development of a solar photovoltaic power plant with a planned capacity of 101.4 MW (126.4 MWp) in the municipality of Nopala de Villagran, Hidalgo state, Mexico.