JinkoSolar has secured financing for the Viborillas solar project, which involves the development of a 100 MW ground-mounted solar farm in Yucatán state, Mexico. Lenders are providing a US$108 Million syndicated loan to the project company.
Energy Finance & Investment News in North America
The government of British Columbia has announced new conditions and tax rebates for liquefied natural gas (LNG) projects in the province, in a suspected bid to prompt the final investment decision of the LNG Canada project, which was delayed indefinitely in July 2016.
EDP Renewables (EDPR) has secured a power purchase agreement (PPA) with Hoosier Energy Rural Electric Cooperative, Inc., enabling the development of the 200 MW Riverstart Solar Park in Randolph County, Indiana, USA.
Tri Global Energy has announced the closing of project financing and start of construction for the Blue Cloud Wind Energy Project, with co-developer Copenhagen Infrastructure Partners (CIP) making an undisclosed equity investment in the project.
The Energy Regulatory Commission (CRE) and National Centre for Energy Control (CENACE) of Mexico have launched the country's fourth long-term renewable energy auction. The objective of this auction is to add 13,000 MW of generation capacity and 38 TWh of clean energy to the Mexican electricity market by 2021.
Microsoft Corp. has announced the purchase of 315 MW of energy from Pleinmont I and II, two new solar projects in the US state of Virginia, in the south-east region of the country. This represents the single largest corporate purchase of solar energy ever in the United States.
The Alberta Electric System Operator (AESO) has opened Rounds 2 and 3 of its Renewable Electricity Program (REP), devised to support the Government of Alberta’s target of 30% renewable electricity by 2030. Expressions of Interest (EOI) for both rounds are invited until 20 April 2018.
InfraRed Infrastructure Fund V has completed the acquisition of a 35.5% equity interest from Macquarie Capital in the Norte III project, a 907 MW combined-cycle gas turbine project, currently under construction near Ciudad Juárez, in the north of Mexico.
Enel, through its US renewable company Enel Green Power North America, Inc. (EGPNA), has signed new power purchase agreements with Facebook and Adobe for the energy produced by the 320 MW Rattlesnake Creek wind farm in Nebraska.
The New York State Energy Research and Development Authority (NYSERDA) has awarded contracts for 26 large-scale renewable energy projects to be located across the state, representing US$1.4 billion in investment, the single largest commitment to renewable energy by a state in U.S. history.
The Hawaiian Electric Companies, subsidiaries of Hawaiian Electric Industries, Inc. have issued RFPs for new, grid-scale renewable energy projects for O'ahu, Maui and Hawai'i Island. The companies are seeking the largest amount of variable renewable resources ever to be developed at one time in Hawai'i.
Ardian has announced a partnership with Transatlantic Power Holdings (TPH) to build a renewable platform based in the United States. Called Skyline Renewables, the platform will focus on acquiring operating and development projects in the onshore wind sector, with the aim of building a leading North American clean independent power platforms with a total installed capacity of 3 GW.
Enel has announced that it has secured three long-term power purchase agreements (PPAs) for the 300 MW Diamond Vista wind farm, located in Marion and Dickinson Counties, in Kansas. The project is being developed by Enel's US renewable energy company Enel Green Power North America, Inc. (EGPNA). The company also announced that construction has commenced.
Platinum Equity has announced it has signed a definitive agreement to acquire an 810 MW combined-cycle gas turbine generating power plant in Gettsyburg, Pennsylvania, USA from GenOn, a subsidiary of NRG Energy Inc.
Portland General Electric Company has issued a draft Request for Proposals (RFP) seeking 100 MW of renewable power generating resources. PGE supplies electricity within 4,000 square mile service territory in north-west Oregon, USA.
EDP Renewables, a global leader in the renewable energy sector and one of the world’s largest wind energy producers, through its fully owned subsidiary EDP Renewables North America LLC, has secured a 20-year Power Purchase Agreement with Great Plains Energy to sell the energy produced by the 200 MW Prairie Queen wind farm.
IPPToday #166: Avangrid selected as alternative winner in Massachusetts clean energy procurement process
AVANGRID, Inc., a diversified energy company, and its subsidiary Central Maine Power Company (CMP) have confirmed that the New England Clean Energy Connect (NECEC) transmission project has been selected by the Massachusetts electric utilities and the Massachusetts Department of Energy Resources in the Commonwealth’s 83D clean energy Request for Proposal (RFP).
The Federal Energy Regulatory Commission (FERC) of the USA has not approved Alaska Gasline Development Corp.'s Environmental Impact Statement (EIS) application for its US$43 billion Alaska LNG Project. This involves the construction of an 800-mile, 42-inch wide pipeline that will transport 3.3 billion cubic feet of liquified natural gas (LNG) a day.
PacifiCorp has announced the development of four wind projects in Wyoming, in the north-west of the USA. The projects were selected from those submitted to the company's Request for Proposals (RFP) issued in September 2017.
ENGIE North America Inc. has announced that it has acquired Infinity Renewables, a leading developer of utility-scale wind projects in the United States. The acquisition includes more than 8,000 MW of projects in various stages of development.