A big ruling by FERC concerning PJM could influence the power project finance market in the coming months. A busy time is expected as borrowing becomes even more attractive. By Nic Stone.
Methanex has decided to move forward on a third unit for its Geismar, Louisiana methanol project. Lenders increased the project’s financing despite shareholder and analyst concerns.
New York state has selected two projects totalling nearly 1.7GW as the winners of its offshore wind procurement.
Nemaska Lithium has landed a letter of intent from the Pallinghurst Group for financing the Whabouchi project, comprising a lithium mine located in the Eeyou Istchee James-Bay territory and an electrochemical plant in Shawinigan.
Two of the three shortlisted consortia bidding on Edmonton’s Valley Line West light rail transit (LRT) project have withdrawn from the procurement.
The US$5.8bn construction financing of Venture Global’s Calcasieu Pass LNG scheme in Louisiana has received more than US$10bn in binding commitments from initial coordinating lead arrangers.
Gen III Oil Corp has received a non-binding, non-exclusive, indicative term sheet from a private debt group for up to 83% of the total project financing backing the C$90m (US$68.8m) Bowden refinery project in Bowden, Alberta, 100km north of Calgary, it said in a statement.
A consortium led by Fengate Capital and PCL is preparing to offer C$144.5m (US$111m) in bonds to finance the Macdonald Block reconstruction project in Ontario.
Northern Courier Pipeline (NCPLP) is planning a C$1bn (US$762m) 23-year bond offering to recapitalise its project and fund a one-time payment to its indirect owner, TransCanada Pipelines (TCPL).
Ohio lawmakers have approved controversial legislation that will provide subsidies for nuclear and coal projects and roll back renewables mandates.
The judge in PG&E’s bankruptcy case has given California Governor Gavin Newsom’s administration and state regulators a two-week period to decide how they will evaluate competing proposals to take over the company.
Duke Energy Renewables will move forward on construction of the largest wind project in its fleet, the 350MW Frontier Windpower II project in Kay County, Oklahoma.
The US Environmental Protection Agency (EPA) has received 51 letters of interest for US$13.9bn in projects in response to its third notice of availability for Water Infrastructure Finance and Innovation Act (WIFIA) funding.
Western Farmers Electric Cooperative (WEFC) has entered into a power purchase agreement with NextEra Energy Resources that includes 250MW of wind power, 250MW of solar, and 200MW of battery storage.
Oklahoma Turnpike Authority (OTA) has selected a team of Aecom and Duit Construction as its partner on the Gilcrease Expressway public-private partnership.
CIT has closed a US$204.5m debt financing to support construction of Holstein Solar, a 200MW project in Nolan County, Texas.
The Confederated Tribes of Warm Springs Reservation of Oregon is planning a US$42m bond offering to back its 367MW Pelton-Round Butte hydroelectric project on the Deschutes River.
TerraForm Power has agreed to acquire a 320W portfolio of distributed generation assets from AltaGas for US$720m.
CleanCapital has acquired a 75.2MW solar portfolio of 15 operating solar projects in New Jersey, the fourth transaction in a series of acquisitions made through CleanCapital’s US$250m investment vehicle with CarVal Investors.
NTE Mobility Partners Segment 3 (NTEMP-3) is preparing to issue US$690.2m of senior lien private activity bonds (PABs) to finance the segment 3C extension of the North Tarrant Expressway in Texas.
American Electric Power (AEP) is seeking regulatory approval to acquire three wind projects totalling more than 1.4GW in Oklahoma.
Colorado Department of Transportation (CDOT) has closed part of the Plenary Roads Denver US 36 toll road between Denver and Boulder after a large crack in the roadway turned into a growing sinkhole over the weekend.
Carlyle Group has entered a partnership with Vico Infrastructure to invest in water infrastructure projects across the US.
Some of the largest solar power developers are stockpiling panels to lock in the 30% investment tax credit for renewable energy that is set to be phased out beginning at the end of the year, according to a report from Reuters.
The Canada Infrastructure Bank (CIB) has committed to invest up to C$20m (US$15.3m) in Mapleton’s water and waste-water project.
The Nova Scotia government has issued a request for qualifications (RFQ) on the second phase of the C$2bn (US$1.5bn) QEII Health Sciences Centre in Halifax.
The total capital cost of North West Redwater Partnership’s bitumen upgrader/refinery near Edmonton, Alberta has climbed to C$9.7bn (US$7.4bn) from C$5.8bn, according to a report from DBRS.
Newly-established UK-based investment company US Solar Fund has agreed to acquire the 128MW Milford solar project in Utah from Longroad Energy Partners.
Governors Andrew Cuomo of New York and Phil Murphy of New Jersey have signed legislation that creates the Gateway Development Commission, a bi-state agency that will control funding for transport projects comprising the Gateway programme.
JP Morgan and Goldman Sachs have priced US$262m in private activity bonds (PABs) to back Virginia’s 95 Express Lanes.
Philadelphia Energy Solutions, the owner of a 335,000-barrel-per-day refinery in Philadelphia, Pennsylvania, has filed for bankruptcy protection for the second time in two years.
Port Authority of New York & New Jersey (PANYNJ) has issued requests for information (RFIs) for the design of an airport hub and electric vehicle charging infrastructure.
Orsted has partnered with the owners of the Tradepoint Atlantic industrial site to build a staging centre for offshore wind development in Maryland.
New Jersey governor Phil Murphy has signed legislation that extends eligibility for state infrastructure bank financing to environmental infrastructure projects.
Great Hall Partners, led by Ferrovial Airports, has entered mediation with Denver city and airport executives to negotiate cost overrun, change order and time delay issues on the Jeppesen terminal at Denver International Airport (DIA).
Georgia Public Service Commission (GPSC) will require Georgia Power to procure 2.2GW of solar over the next five years, more than doubling the utility’s previous plans for 1GW in solar development.
Maryland Transit Administration has granted Purple Line Transit Partners (PLTP) a 160-day extension to complete construction on the Purple Line light rail transit system but the state will not compensate the private consortium for delays and cost overruns.
Dartmouth College in New Hampshire has shortlisted four teams on its green energy public-private partnership.