Axium Infrastructure has closed a multi-tranche refinancing of the senior debt associated with the 286 MW Brooklyn Navy Yard Cogeneration dual-fuel project in New York, which it acquired from Ares on 2018.
Winston & Strawn represented Brooklyn Navy Yard Cogeneration Partners, L.P. (BNYCP) in connection with the issuance of US$322,512,400 of senior secured notes privately placed with institutional investors, a US$30 million letter of credit facility provided by Santander Bank, N.A., and a US$82,125,000 subordinated loan from Build NYC Resource Corporation made from the proceeds of tax-exempt refunding revenue bonds issued by Build NYC and initially purchased by Barclays Capital, Inc. The transaction closed on February 14, 2019.
BNYCP owns the Brooklyn Navy Yard Cogeneration Facility, a 286 MW dual fuel power plant that provides steam and electricity under long-term offtake agreements with the Consolidated Edison Company of New York (ConEd) and the Brooklyn Navy Yard Development Corporation.
The US Federal Trade Commission (FTC) has approved the acquisition of the renewables operations of North Amercian E.ON by German RWE. The transaction with E.ON will involve RWE acquiring the renewabl...
Read moreFM Investors and Buckeye Partners, L.P. has announced a definitive agreement under which the IFM Global Infrastructure Fund will acquire all of the outstanding public common units of Buckeye...
Read moreThe financial services organization that serves the US-based Episcopal Church, Church Pension Fund (CPF), has invested US$40 million to clean energy projects. CPF has invested in ...
Read moreSDCL Energy Efficiency Income Trust plc, managed by Sustainable Development Capital LLP, is pleased to announce the acquisition of a 71% interest in a high-quality Combined Heat and Power portfol...
Read moreSiemens Gamesa Renewable Energy has been awarded another order by EDF Renewables to supply 30 SG 4.5-145 and 36 SG 2.7-129 wind turbines for the 232 MW Milligan wind project, located in Milligan Count...
Read more