Chicago Infrastructure Trust invites partners for solar projects
Chicago Infrastructure Trust has launched a tender process to develop solar PV systems on the rooftop or ground properties of City of Chicago Departments and Sister Agencies as well as other local municipal and not-for-profit institutions.
The trust has received an unsolicited proposal to engineer, procure, and construct (EPC); finance; and operate and maintain solar PV systems on project partner properties using a power purchase agreement (PPA) model that would ensure organizational budget, balance sheet, and credit neutrality.
The unsolicited proposal seeks a letter of intent (LOI) from project partners in advance of the Illinois Power Authority’s (IPA’s) Solar Renewable Energy Credit (SREC) auctions. The LOI would express the intent to move forward with an EPC Contract or power purchase pgreement (PPA) should a proposed project win one of the upcoming auctions and be able to proceed cost-effectively.
Interested parties must submit their proposals on or before 17 April 2015. The proposal is recommended to include at least one financial partner capable of financing the transaction, preferably in an off-credit and off-balance sheet structure such as a PPA or Property Assessed Clean Energy (PACE) loan.
See tender announcement:
Country news
-
-
April 13, 2015
Kosmos Energy announces add-on offering to its existing senior secured notes
Kosmos Energy Ltd. has announced the pricing of an additional US$225 million of 7.875% senior secured notes due 2021 as a non-fungible add-on to the existing US$300 million senior secured notes. Read more -
April 14, 2015
SNC Lavalin and Stonepeak Infrastructure Partners to co-invest in New Mexico power project
Western Energy Partners has announced plans to develop the 750 MW Clean Path Energy Center located on privately owned land near Waterflow, New Mexico. Read more -
April 14, 2015
Dynegy completes acquisition of $6.25 billion assets
Dynegy Inc. has completed two transactions to acquire the ownership interests in certain Midwest generation assets from Duke Energy and EquiPower Resources Corp and Brayton Point Holdings, LLC from Energy Capital Partners (ECP). Read more -
April 14, 2015
GSA seeks solar developer for Multi-Site Power Purchase Agreement in California and Nevada
U.S. General Services Administration (GSA) has issued a request for proposal (RFP) for a power purchase agreement (PPA) as part of its Federal Aggregated Solar Procurement Pilot. Read more -
April 15, 2015
Canadian Solar completes acquisition of Recurrent Energy from Sharp Corporation
Canadian Solar Inc. recently announced that it has completed the acquisition of Recurrent Energy, LLC, a leading North American solar energy developer, from Sharp Corporation. Read more
