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Saturday, 20 October 2018

Offshore Wind

Offshore rushes for tax equity

PFI Issue 635, October 17, 2018

The US tax equity market capacity is in focus on the country’s first offshore wind financings. The availability of the investment tax credit brings urgency and partnering potential. By Alison Healey.

Carbon capture project funded

PFI Issue 635, October 17, 2018

Wolf Carbon Solutions has closed on a C$357m (US$273.9m) financing to back the Alberta carbon trunk line (ACTL) project.

Brookfield finances data centre buy

PFI Issue 635, October 17, 2018

Brookfield Infrastructure’s Dawn Acquisitions unit has launched a US$600m financing that will back its acquisition of a portfolio of data centres from AT&T.

BCP Raptor II TLB launched

PFI Issue 635, October 17, 2018

Caprock Midstream has launched a US$690m Term Loan B backing its buyout by Blackstone Energy Partners’ EagleClaw Midstream.

Con Ed prepping gas projects

PFI Issue 635, October 17, 2018

New York’s Consolidated Edison is proposing a series of projects aimed at increasing natural gas supply in the state.

Officials meet on Casacadia transport

PFI Issue 635, October 17, 2018

Transport officials from Oregon, Washington and British Columbia met in early October to discuss preliminary ideas for an ultra-high-speed rail line connecting the three regions.

Eagle P3 partner issued termination notice

PFI Issue 635, October 17, 2018

Denver, Colorado’s Regional Transportation District (RTD) has issued a termination notice to Denver Transit Partners (DTP), the private partner on the Eagle light rail P3. RTD said DTP has 30 days to remedy contract breaches or 20 days to propose a remedial plan to cure the breaches it claims have led to continued delays.

Rio Bravo LNG receives favourable draft EIS

PFI Issue 635, October 17, 2018

The Federal Energy Regulatory Commission (FERC) has issued a favourable draft environmental impact statement (EIS) on the six-train Rio Grande LNG project and pipeline in Brownsville, Texas.

Stornoway reaches deals with lenders

PFI Issue 635, October 17, 2018

Stornoway Diamond Corporation, operator of the Renard mine in Quebec, has entered into a series of financing transactions with lenders and stakeholders designed to provide greater financial and operational flexibility and C$129m (US$100.5m) in additional liquidity.

Japan gas firms sign up for LNG Canada

PFI Issue 635, October 17, 2018

Mitsubishi subsidiary Diamond Gas has signed two heads of agreement (HoAs) for its offtake on the LNG Canada project.

Ontario preps radio network procurement

PFI Issue 635, October 17, 2018

Ontario premier Doug Ford said the government will soon launch a competitive procurement for the modernisation of the province’s public safety radio network.

Nova Scotia selects P3 for hospital

PFI Issue 635, October 17, 2018

Nova Scotia will use a public-private partnership (P3) to replace three buildings at the QEII hospital complex in Halifax, a project with an estimated total cost of C$2bn (US$1.5bn).

CC&L to acquire hydro pair

PFI Issue 635, October 17, 2018

Connor Clark & Lunn Infrastructure (CC&L Infrastructure) has agreed to acquire a majority interest in Bremner Trio Hydro, which owns two construction-stage, run-of-river hydropower facilities in British Columbia.

Alberta issues solar RFP

PFI Issue 635, October 17, 2018

Alberta has issued a request for proposals (RFP) for solar projects with the capacity to produce about 55% of its total annual electrical consumption.

Pittsburgh explores sewer P3

PFI Issue 635, October 17, 2018

Pittsburgh has received unsolicited proposals for a public-private partnership for the Pittsburgh Water & Sewer Authority.

KentuckyWired nearly US$100m over budget

PFI Issue 635, October 17, 2018

The KentuckyWired broadband public-private partnership project is expected to come in US$96.7m over the original estimated construction price, according to a report from state auditor Mike Harmon.

Cal State Uni seeks energy partnership

PFI Issue 635, October 17, 2018

California State University in Fresno has issued a request for qualifications (RFQ) for an energy public-private partnership.

Hawaiian Electric selects solar projects

PFI Issue 635, October 17, 2018

Hawaiian Electric has selected seven solar-plus-storage project developers to enter negotiations for long-term power purchase agreements following a competitive solicitation.

Miami-Dade goes from court to jail

PFI Issue 635, October 17, 2018

Five teams have responded to a request for proposals (RFP) on Florida’s Miami-Dade courthouse public-private partnership.

Tellurian closes upstream Term Loan B

PFI Issue 635, October 17, 2018

A unit of LNG developer Tellurian has closed on a US$60m Term Loan B backing development of oil and gas properties.

Italy's Salini Impregilo signs on for Texas rail

PFI Issue 635, October 17, 2018

Italy’s Salini Impregilo has signed a limited notice to proceed (LNTP) with Texas Central Partners (TCP), the developer of a 240-mile, high-speed rail line between Houston and North Texas.

Chicago issues RFP on solar P3

PFI Issue 635, October 17, 2018

The City of Chicago and Chicago Infrastructure Trust have issued a request for proposals (RFP) on a solar development public-private partnership.

Apex Clean Energy proposes Lighthouse wind

PFI Issue 635, October 17, 2018

Apex Clean Energy has released some details on a plan to build the 201MW Lighthouse wind farm, a project planned for a 12-mile stretch of Lake Ontario.

PennDOT calls for P3 proposals

PFI Issue 635, October 17, 2018

Pennsylvania Department of Transportation (PennDOT) has opened its window for receiving unsolicited proposals on public-private partnerships (P3s) for transport and other infrastructure projects.

Frontera Generation closes TLB add-on

PFI Issue 635, October 17, 2018

Frontera Generation Holdings has closed a US$75m Term Loan B add-on, upsized from US$65m.

MRP Generation downgraded on weak performance

PFI Issue 635, October 17, 2018

Moody’s has downgraded MRP Generation’s US$270m term loan and US$20m revolving credit to B2 from B1.