Ormat Technologies and ORIX Corporation has announced that ORIX will acquire an approximately US$627 million ownership stake in Ormat from FIMI ENRG Limited Partnership, FIMI ENRG, L.P., Bronicki Investments, Ltd., and senior members of management, representing in the aggregate an approximately 22.1% ownership position in Ormat.
Energy Finance & Investment News in North America
Quinbrook Infrastructure Partners, a global investment manager specializing in lower carbon and renewable energy infrastructure assets, has acquired Scout Clean Energy, a Colorado-based developer and operator of U.S. wind power projects.
Novatus Energy, a North American renewable energy company, has announced the acquisition of the 156 MW Comanche photovoltaic solar project in Pueblo County, CO from SunEdison LLC and Wells Fargo.
NorthWestern Corporation d/b/a NorthWestern Energy has issued a Request For Proposals (RFP) seeking up to 45 MW of renewable generation owned by Montana residents.
North Sky Capital has announced the closing of two investment funds at US$300 million.
Avangrid Renewables and Vineyard Wind have formed a strategic partnership to jointly develop a large scale wind energy project off the coast of Massachusetts.
The San Diego County Water Authority board of directors has authorized the Water Authority, in conjunction with the City of San Diego, to begin seeking detailed proposals for a potential energy storage facility at San Vicente Reservoir.
Fortis Inc.and Teck Resources Limited have announced an agreement under which Fortis will purchase Teck’s two-thirds interest in the Waneta Dam and related transmission assets in British Columbia, Canada, for CAD1.2 billion cash (US$878 million).
In a decision that will position Maryland as a national leader in offshore wind energy, the Maryland Public Service Commission has awarded offshore wind renewable energy credits (ORECs) to two projects to be built off the coast of Maryland.
The Secretariat of Energy (SENER) together with Mexico’s National Center for Energy Control (CENACE) have published, and expects to be concluded in November, a call for a new power auction in the country.
EIG Global Energy Partners (EIG) has announced the final close of Global Private Debt Fund (GPF IV), a continuation of the firm’s platform for energy and infrastructure credit and direct lending.
Enel S.p.A. through its subsidiary Enel Green Power North America, Inc., has started construction of the Thunder Ranch wind farm in the United States which, once completed, will have a total installed capacity of 298 MW.
Avangrid Renewables and Vineyard Wind, have announced that they have formed a strategic partnership to jointly develop a large scale wind energy project off the coast of Massachusetts.
First Infrastructure Capital Advisors, a subsidiary of Quanta Services, held a US$750 million first close on its debut fund, First Infrastructure Capital.
ArcLight Capital Partners has announced that its affiliate, Great River Hydro, has closed its acquisition of TransCanada’s New England hydroelectric power portfolio.
Canadian Solar has secured financing for its 92 MWp IS-42 solar power project near Fayetteville, North Carolina (USA).
Appalachian Power, a utility subsidiary of American Electric Power and Eagle Creek Renewable Energy, LLC have completed a transaction transferring ownership of the Reusens hydroelectric facility on the James River near Lynchburg to Eagle Creek.
SNC-Lavalin Group Inc. has announced that it has reached an agreement with WS Atkins plc, approved by the boards of directors of both companies, on the terms of a cash acquisition by which SNC-Lavalin will acquire the entire issued and to be issued share capital of Atkins for £20.8 (US$22.3) per share in cash, representing an aggregate cash consideration of CAD3.6 billion (US$2.7 billion).
Alterra Power Corp. has announced the acquisition of the Boswell Springs wind project, a 320 MW portfolio of wind development projects located in Albany County, Wyoming.
Solar Frontier Americas, U.S. subsidiary of CIS solar energy solutions provider, Solar Frontier, has announced it has sold its 40 MW Midway II solar power plant to a subsidiary of Dominion Energy Inc., a wholly owned subsidiary of Dominion Resources, Inc.