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.
Energy Finance & Investment News in North America
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.
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.
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.
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.
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.
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).
Allianz Global Investors’ Infrastructure Debt and Fermaca reached a deal to refinance El Encino–La Laguna Mexico gas pipeline
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.
Macquarie Capital Launches Green Investment Group in North America; Completes Two Green Energy Investments
Green Investment Group (GIG) launches in North America, establishing GIG as a global renewable energy investment platform.
IPPToday #242: Longroad Energy Announces Sale, FC, and start of construction of the Phoebe Solar Project
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.
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.
Green Power EMC and Silicon Ranch Corporation have announced an agreement to significantly expand their solar energy portfolio in Georgia, a state in the south-east of the USA. As part of the agreement, the companies will bring a 194 MW of solar energy online by 2021.
EDF Renewables has announced the signing of Purchase and Sale Agreements (PSA) through which PGGM Infrastructure Fund will acquire a 50% ownership interest in wind and solar assets located in the USA with a total installed capacity of 588 MW.
AT&T, the ninth largest company in the USA this year in terms of revenue, has announced that it has signed a new agreement to purchase 300 MW of wind energy from projects being developed by NextEra Energy Resources in Texas.
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.
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.