Proximocast: Industry news

15 July Puerto Rico issues P3 power project RFQ

In the news:
Puerto Rico Public-Private Partnerships Authority -  in collaboration with the Puerto Rico Electric Power Authority - has issued an RFQ for a 300MW CCGT project at the site of the existing Palo Seco power plant
2i Aeroporti – controlled by F2i sgr and a consortium led by Ardian Infrastructure – has finalized the €32.8 million acquisition of a 55% stake in the Trieste Airport.
Total Eren has refinanced the acquisition of NovEnergia Holding Company.
 
 

11 July - Major overhaul of Colombia renewable auction rules

Following the failure of its first round auction in February, Colombia’s energy ministry has established new rules for the country’s second long-term renewables auction, which is expected to take place before the end of October.
EV fast charging developer Engenie has raised a £35 million equity investment from Cube Infrastructure Fund II. Engenie previously secured £5 million of funding from Investec which will retain its stake.
Latin American development bank CAF is to lend $75 million to Northern Argentine province Jujuy to finance the region's first solar-powered railway.

9 July - Ardian buys into 620MW Hill Top power project

In the news:
Asset manager WRM Group has acquired a €180 million portfolio of renewables non-performing loans (NPLs) from Mediocredito Italiano.
Alerion Clean Power has closed on the acquisition debt for its €41 million  purchase of Comiolica in Spain from Boalar Investments.
Ardian Infrastructure has agreed to purchase 41.9% of the 620MW Hill Top gas-fired power project in Green County, Pennsylvania from funds managed by the infrastructure and power group of Ares Management.

8 July - I Squared Capital sells interests in Kendall Green Energy

EDPR signs PPAs for two Brazilian wind projects
Copenhagen Infrastructure Partners has mandated Atlas Professionals to perform a study on the availability of labor and vessel resources for the Star of the South project – Australia’s proposed first offshore wind farm.
I Squared Capital, through its ISQ Global Infrastructure Fund I, has sold its interests in Kendall Green Energy to Veolia Energy North America.

2 July - Equinix and GIC form $1bn data centre joint venture

In the news:
Project developer Advanced Power sold a 10% membership interest in the project company South Field Energy Partners to Chugoku America Power America, an affiliate of Japanese utility Chugoku Electric Power Co.
Meridiam has become the sole owner of the Northeast Anthony Henday (NEAH) concession with the acquisition of the remaining 50% interest from partners ACS Infrastructure Canada and HOCHTIEF PPP Solutions
Global interconnection and data center company Equinix has announced the signing of a joint venture with Singapore's sovereign wealth fund GIC to develop and operate xScaleTMdata centers in Europe

26 June - Earthquake-hit Central Sulawesi receives $297m ADB loan

In the News:
NV Energy is planning to build three renewables projects in Clark County, Nevada, with a combined total of 1.2GW of solar capacity with 590 megawatts of battery storage
The European Bank for Reconstruction and Development has agreed an €18 million loan to help finance the first large-scale wind farm in Kosovo, a country which relies on coal for its energy.
The Asian Development Bank has approved $297.75 million dollar loan for the rehabilitation and reconstruction of public works and transport infrastructure in Central Sulawesi, following a 7.4-magnitude earthquake last year.

25 June - JBIC, OPIC, EFIC sign infrastructure financing MoU

In the News:
Canadian Utilities Limited  and minority partner Quanta Services Inc have entered into definitive agreements to sell their interest in Alberta PowerLine  for $300 million and the assumption of $1.4 billion of deb
French cleantech group Ecoslops and the European Investment Bank have signed an 18 million Euro loan agreement to help finance the construction of plants in Marseilles and Antwerp
BIC, OPIC, and EFIC have reaffirmed their commitment to providing financing support to infrastructure and energy sectors in the Indo-Pacific region

24 June - Clearway closes on repowering debt for Wildorardo and Elbow Creek

In the News:
Clearway Energy and Clearway Energy Group have closed on $377 million one-year bridge loan to fund the repowering of two existing wind assets in Texas.
The New Jersey Board of Public Utilities (NJBPU) has selected Ocean Wind as the preferred bidder for a 20-year offshore wind renewable energy credit (OREC) for its 1.1GW offshore wind development.
Troubled wind turbine company Suzlon Energy has put forward a one-time debt settlement proposal to its lenders which would be funded through the sale of a majority stake to Canadian investor Brookfield.