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).
Energy Finance & Investment News in North America
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.
The Alberta Electric System Operator (AESO) has issued a Request for Expressions of Interest (REOI) to initiate the first competitive procurement process as part of the Renewable Electricity Program (REP).
ExGen Renewables Holdings, a wholly-owned subsidiary of Exelon Generation Company, and John Hancock Life Insurance Company have entered into a purchase agreement, under which Hancock agreed to purchase 49% of the membership interests of ExGen Renewables Partners.
Ullico Inc. has announced the closing of its investment in a portfolio of eight solar and wind power generation projects owned by affiliates of D. E. Shaw Renewable Investments, L.L.C. (DESRI) and other investors, with a further three projects anticipated to be added to the portfolio in 2017.
Consumers Energy has issued a request for proposals to acquire a natural gas-fired generating plant of up to 800 MW, part of the company's plans to meet Michigan's long-term energy needs reliably, affordably and sustainably.
Sojitz Corporation has announced it has closed the acquisition of a 33.33% stake in Birdsboro natural gas-fired power plant facility in Pennsylvania (US).
First Solar, Inc. has announced that it, working together with its financial and legal advisors, is reviewing alternatives for the sale of its interests in 8point3 Energy Partners.
New Energy Capital Partners, LLC (NEC), an alternative asset management firm focused on debt and equity investments in small- and mid-sized clean energy infrastructure projects and companies, has announced that it held a final closing for the New Energy Capital Infrastructure Credit Fund with total capital commitments of US$325 million.
Lincoln Clean Energy, a portfolio company of I Squared Capital, has announced the financing of its Willow Springs project, a 250 MW wind farm in Haskell County, Texas.
First Solar, Inc. has announced it has completed the sale of the cash equity interests in the 250 MWAC Moapa Southern Paiute Solar Project in Nevada to global private asset manager Capital Dynamics.
Iberdrola, a spanish utility, has announced the development of a 220 MW wind farm located in Puebla state, Mexico.
Co-developers CPV, GE Energy Financial Services, and OGUSA have arranged US$700 million of senior debt financing for the Fairview Energy Center project, a new natural gas and ethane electric generation facility located in western Pennsylvania.
Axium Infrastructure has announced the closing of a transaction in which Axium has acquired an equity interest in the Kings Mountain Energy Center (KMEC) and the Middletown Energy Center (MEC), two natural-gas fired generation assets that are currently under construction in North Carolina and Ohio.
M2 Infrastructure LLC has announced that it has entered into a Memorandum of Understanding with TransCanada Corporation to pursue construction of 6.2 million barrels of new crude oil storage at TransCanada’s terminal in Cushing, Oklahoma.
Iberdrola has been awarded the contract for an important new energy project in Mexico, the Topolobampo III combined-cycle power plant (CCGT).
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.
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.