Citigroup, MUFG and Mizuho have closed syndication and funded the seven-year US$1.09bn financing backing KKR and NextEra Energy Partners (NEP) joint venture for US$1.02bn and working capital of approximately US$12m.
Stornoway Diamond has launched a formal sale and investment solicitation process (SISP) for the Renard diamond mine in Quebec as the project struggles with lower-than-expected revenue and higher costs.
Connecticut’s Department of Energy & Environmental Protection (DEEP) is preparing to issue a draft request for proposals (RFP) on July 1 for up to 2GW of offshore wind.
GE Energy Financial Services, through project company Shady Hills Energy Center (SHEC), is testing the private placement market to line up financing for its 573MW Shady Hills natural gas-fired combined-cycle generating facility near Tampa.
Iron Mountain has signed the first commercial and industrial (C&I) customers for its green power pass, a programme that will ensure power consumed at its data centres is 100% renewable.
Austin Energy has closed the US$460m purchase of the 115MW Nacogdoches biomass facility in Texas from Southern Power.
Natural gas is continuing its rapid ascendancy in the US as the number one source of power plant fuel for electric generation with renewables also climbing, according to new figures from the Energy Information Administration’s Short Term Energy Outlook (STEO).
Connor Clark & Lunn Infrastructure has acquired a majority interest in the Bremner Trio hydro assets in British Columbia.
The Government of Canada and Energy Services Acquisition Program (ESAP) have awarded the energy service modernisation (ESM) project to Innovate Energy.
CleanCapital has closed on a refinancing of its largest solar commercial and industrial (C&I) portfolio, Tahoe.
The market for renewables power purchase agreements remained active in recent weeks, with new deals for Allete Clean Power, Longroad Energy, and Scout Clean Energy.
Chicago’s new mayor has yet to back any major infrastructure projects since taking over last month and has voiced opposition to two large projects, the One Central transit hub and the O’Hare Express train.
GenOn Holdings’ Heritage Power was preparing to launch a Term Loan B financing with a bank meeting as PFI went to press.
The University of Maine has issued a request for qualifications (RFQ) seeking a private partner for the financing and operation of new student housing and a new 40,000–50,000 sq ft student centre on its Portland campus.
Texas Microgrid, a joint venture of Basalt Infrastructure Partners and microgrid operator ERock, has closed financing to support a 232MW portfolio of gas-fired microgrids in the Electric Reliability Council of Texas (ERCOT).
Virgin Trains USA has priced US$950m in private activity bonds (PABs) through the Florida Development Finance Corporation (FDFC) at 1.9%. The bonds will mature in 2049.
The Delaware River Basin Commission has voted to approve Delaware River Partners’ plan to build a US$96m marine terminal facilities and logistics centre in southern New Jersey near Philadelphia.
Bankruptcy judge Dennis Montali has ruled against PG&E’s power purchase agreement (PPA) counterparties in a judgment, reaffirming the bankruptcy court’s lead role on the contract issue and rejecting the Federal Energy Regulatory Commission (FERC)’s assertion of concurrent jurisdiction.
Vivint Solar has closed a US$360m multi-party forward flow funding arrangement that includes project-level debt, a leveraged tax equity partnership and a cash equity investment.
The Industrial Development Authority of the City of Kansas City has priced Kansas City International Airport’s (KCIA’s) US$875m special obligation bonds.
Bay City, Michigan has received three bids on a possible public-private partnership to refurbish the Liberty and Independence bridges.
Poland’s PGNiG has agreed to increase the amount of LNG it buys from Venture Global by 1.5m tonnes per year. PGNiG will now buy 3.5m tonnes of LNG per year from the project developer, with first deliveries expected in 2023.
Blueridge Transportation Group, the private partner on the SH 288 managed lanes project in Texas, has proposed to open the road in two phases rather than all at once after facing extended construction delays.
Pennsylvania Department of Transportation (PennDOT) has identified a potential public-private partnership to replace 15 bridges.
Blackstone CQP Holdco has upsized its five-year Term Loan B to US$2.6bn from US$2.5bn ahead of close.
Starbucks has entered into a renewable energy power purchase agreement (PPA) aggregation deal with LevelTen Energy for 146MW of power from three projects.
Beowulf Energy has proposed a plan to convert two coal plant sites in New York to data centres for US$$650m.
Prince George’s County Public Schools (PGCPS) in Maryland has issued a request for qualifications (RFQ) for a package of five or six schools to be constructed under a public-private partnership and maintained for 30 years.
Atlantica Yield has signed its maiden ESG-linked financial guarantee line with ING with a limit of US$39m.
Arjun Infrastructure Partners (AIP) and Fengate Asset Management have acquired ONroute Services Centres from KD Infrastructure and HMSHost Corporation.
The City of Edmonton, Alberta has shortlisted three teams on the Valley Line West light rail transit (LRT) project.
Nova Scotia has shortlisted three consortia to bid on construction of a community outpatient centre in the Bayers Lake business park.
Maryland’s Board of Public Works voted 2-1 in favour of governor Larry Hogan’s plan to use public-private partnerships for the state’s plan to widen the Capital Beltway, Interstate 270 and the Baltimore-Washington Parkway.
MPLX, WhiteWater Midstream backed by First Infrastructure Capital, and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas have reached a favourable final investment decision (FID) on the Whistler pipeline.