Engie completes financing of 200 MW wind project in Texas
ENGIE North America has signed the construction and tax equity financing as well as a power hedge for the 200 MW Live Oak wind project in Schleicher County, Texas. The project is scheduled to be online by the end of 2018.
ENGIE North America secured $147 million in construction financing and $155 million in tax equity financing for the project through BofAML, with Rabobank providing a letter of credit. BofAML Global Commodities provided the power hedge.
In addition, ENGIE North America’s affiliate, ENGIE Energy Marketing NA, Inc. developed an offtake agreement with BofAML Global Commodities for 50% of the hedged power to serve commercial and industrial customers.
Country updates
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August 14, 2018
Urban Grid closed sale of two solar projects in Virginia to Dominion Energy
Urban Grid has concluded the sale of its two solar projects totalling 240 MWac capacity to Dominion Energy. The projects are the: 98 MWac Spring Grove Solar I project 142 MWac Colonia...
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August 14, 2018
Seventus completes acquisition of the Jawbone project from Gaelectric
A new renewable energy development and finance firm Seventus has acquired the 235 MW Wind project located on approximately 31,000 acres of land in Wheatland County, Montana,...
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August 13, 2018
Ocean Power Technologies enters into common stock purchase agreement
Ocean Power Technologies, Inc. has announced that it has executed a Common Stock Purchase Agreement with Aspire Capital Fund, LLC to sell up to US$10 Million in common stock to Aspire Capital over a t...
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August 13, 2018
Wells Fargo to finance Origis Energy’s FL Solar 5 project
Wells Fargo announced it has committed the capital in construction debt, as well as the tax-equity funding of $35 million for the new solar generation facility, known as FL Solar 5 in Orange County, F...
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August 11, 2018
VERBIO plans to acquire DuPont’s Iowa-based cellulosic ethanol project
It was announced jointly that DuPont Industrial Biosciences (DuPont) and VERBIO North America Corporation (VNA), the U.S. subsidiary of VERBIO Vereinigte BioEnergie AG (VERBIO), have reached terms for...
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