Iberdrola has been awarded the contract for an important new energy project in Mexico, the Topolobampo III combined-cycle power plant (CCGT).
Energy Finance & Investment News in North America
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.
3i announced the launch of its North American infrastructure business. Establishing a local team in the US will position 3i to access attractive infrastructure investment opportunities throughout North America.
Sunnova Energy Corporation, a residential solar service provider in the U.S., has announced it has obtained US$80 million in tax equity funding commitments from U.S. Bancorp Community Development Corporation (USBCDC) which will enable the development of new residential solar projects with a total value of more than US$200 million.
Copenhagen Infrastructure Partners (CIP) has initiated the fundraising process for its new fund, Copenhagen Infrastructure III, which will now be open for investor subscription.
International lenders have announced the US$535 million permanent financing for a 380-mile natural gas pipeline running between Samalayuca, Chihuahua and Sásabe, Sonora.
Sofinnova Partners, a Paris, France-based venture capital firm specialized in life sciences, held the first closing of its latest fund, Sofinnova Industrial Biotech I (Sofinnova IB I), at €106 million (US$112,7 million).
Anbaric, a developer of clean energy transmission and microgrid projects, and Ontario Teachers' Pension Plan have announced a partnership to create a new development company, Anbaric Development Partners.
Pattern Energy Group LP has announced the completion of CAD263 million (US$195 million) construction-to-term financing for its 147 MW Mont Sainte-Marguerite Wind project, which is now entering full-stage construction.
Kineticor Resource Corp., in partnership with OPTrust, has closed the acquisition of a partially constructed 690 MW cogeneration plant located near Peace River, AB from Shell Canada.
Canadian Solar Inc. has announced that it has received US$20 million unsecured funding from the China and Portuguese-speaking Countries Cooperation and Development Fund (CPDFund) to support the development of eligible projects in Brazil, including the 191 MWp Pirapora I Project in the state of Minas Gerais.
TerraForm Power, Inc., an owner and operator of clean energy power plants, and Brookfield Asset Management Inc., a global alternative asset manager, have announced that they have entered into a definitive agreement under which Brookfield will assume the role of TerraForm Power’s sponsor and Brookfield will become the controlling shareholder.
Capital Power Corporation has announced that it has entered into an agreement to acquire the thermal power business of Veresen Inc., consisting of two gas-fired generation facilities and two waste heat assets.
The AES Corporation and Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, have agreed to acquire FTP Power LLC (sPower), the largest independent owner, operator and developer of utility scale solar assets in the United States, from Fir Tree Partners and its minority owners, for US$853 million in cash, plus the assumption of US$724 million in non-recourse debt.
EQT has announced that its third fund for infrastructure investments, EQT Infrastructure III, has been closed at the hard cap of €4 billion (US$4.2 million).
Boralex Inc. has announced the closing of a CAD33.4 million (US$25.4 million) financing for the 10 MW Port Ryerse wind farm in Ontario, Canada.
Allianz Global Investors has made an investment on behalf of its clients into the Balko Wind project, a 300 MW installed capacity wind farm located in Beaver County, Oklahoma (US).
D. E. Shaw Renewable Investments, L.L.C. (DESRI), in partnership with Bright Plain Renewable Energy (BPRE), has announced the acquisition of the Fusion Solar Center project from Coronal Energy, powered by Panasonic.