Fortress Transportation and Infrastructure Investors seals debt for gas-fired power project
Fortress Transportation and Infrastructure Investors LLC (FTAI) has made a final investment decision to move forward with its 485 MW power plant project at the Long Ridge Energy Terminal.
On February 15, 2019, an affiliate of FTAI executed long-term, fixed-price power sale agreements with investment grade counterparties.
In addition, the project closed US$588 million of non-recourse financing and executed an EPC agreement with Kiewit Power Constructors Co. and a power generation equipment purchase agreement with the General Electric Company.
Country updates
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February 18, 2019
LNG project in US receives final Environmental Impact Statement
The U.S. Federal Energy Regulatory Commission has issued the final Environmental Impact Statement for Driftwood LNG, an approximately 27.6 million tonne per annum (mtpa) liquefied natural gas (LNG) ex...
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February 15, 2019
Banco Santander to sell 26.8% stake in 125 MW Crescent Dunes
Banco Santander plans to exit its indirect 26.80% passive equity stake in the Crescent Dunes concentrating solar thermal project. The stake will be directed to Cobra Energy. The financial terms are no...
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February 15, 2019
Sunpin and Direct Energy signs PPA deal for 97 MW solar project in US
Sunpin Solar and Direct Energy Business, part of Direct Energy have announced a renewable energy power purchase agreement for the full output of the recently completed ColGreen North Shore Power Plant...
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February 15, 2019
Canadian Solar wins PPAs for 94 MWp in Alberta
Canadian Solar has won three solar power contracts with Alberta's Ministry of Infrastructure, for a total of 94 MWp of solar power system in southeast Alberta, with an average contracted PPA price...
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February 14, 2019
Axium Infrastructure completes acquisition and financing of the Brooklyn Navy Yard Cogeneration Partners (BNYCP)
Axium Infrastructure has completed the acquisition, and financing of the acquisition, of Brooklyn Navy Yard Cogeneration Partners, L.P., which owns the Brooklyn Navy Yard cogeneration facility, a 286...
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