sPower closes US$500 million refinancing
sPower has announced that it recently closed a US$498.7 million investment grade private placement financing. The financed portfolio represents approximately half of sPower’s 1.3 GW of operating portfolio. The portfolio is comprised of four previously financed tax equity partnerships with four leading financial investors.
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Country news
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September 07, 2018
US government to fund bioenergy research
The Department of Energy of the US government has announced the selection of 36 projects totaling US$80 million to support early-stage bioenergy research and development (R&D). This R&D will enable cost-competitive, drop-in renewable hydrocarbon fuels, bio-based products, and power from non-food biomass and waste feedstocks.
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September 27, 2018
US state launches RFP for 400 MW renewable projects
The Narragansett Electric Company (NEC), an electric distribution company serving customers in Rhode Island and a subsidiary of UK utility National Grid, has issued a Request for Proposals (RFP) for the supply of energy as well as Renewable Energy Certificates and related attributes from up to 400 MW renewable energy projects.
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September 24, 2018
US$1.5 billion acquisition to create second largest solar portfolio in North America
Consolidated Edison, Inc. (more commonly known as Con Edison) has announced that one of its subsidiaries has agreed to acquire 981 MW AC of operating renewable energy generation projects from a subsidiary of Sempra Energy. The purchase price is US$1.54 billion (subject to closing adjustments, including working capital).
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September 18, 2018
New Jersey Board approves USA's largest offshore wind tender to date
The New Jersey Board of Public Utilities has unanimously approved opening a solicitation for 1,100 MW of offshore wind capacity. This is largest single-state solicitation of offshore wind in the USA to date.
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August 17, 2018
Operators in US' largest shale oil basin agree to US$9.2 billion merger
Diamondback Energy, Inc. and Energen Corporation have announced that they have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock transaction valued at approximately US$9.2 billion.
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