National Grid Eyes Growth in U.S. Renewable Energy Portfolio

Alexandra Lewis National Grid’s Emerald Energy Venture LLC joint venture has secured a $150 million portfolio revolving facility, with a feature that will allow an increase to $250 million beginning in mid 2022, to support the growth of its U.S. … Read More

Altius Renewable Royalties Announces Apex Clean Energy Investment

Altius Renewable Royalties Corp. (ARR) says its jointly controlled subsidiary, Great Bay Renewables LLC, has closed a follow-on royalty investment of $20 million with Apex Clean Energy related to Apex’s portfolio of wind, solar and energy storage development projects across … Read More

Leeward Renewable Energy Closes Green Bond Offering

Leeward Renewable Energy Operations LLC, a subsidiary of Leeward Renewable Energy LLC, has closed a $375 million green bond offering and $100 million revolving credit facility. Wells Fargo Bank is acting as administrative agent for the revolving credit facility that … Read More

Leeward Closes Financing for Aragonne Repower and Aragonne Mesa Wind Projects

Leeward Renewable Energy LLC has closed construction financing and secured tax equity commitments for the repowering of Leeward’s 90 MW Aragonne Wind project and the construction of the new 145 MW Aragonne Mesa Wind project. Wells Fargo served as coordination … Read More

IEA: Massive Investment in Developing Economies Needed to Reach Net-Zero

The world’s energy and climate future increasingly hinges on whether emerging and developing economies are able to successfully transition to cleaner energy systems, calling for a step-change in global efforts to mobilize and channel the massive surge in investment that … Read More

Joint Venture Partners with Mystic Aquarium to Expand Research Opportunities

Joint venture (JV) partners Ørsted and Eversource say they are giving a $1.25 million grant in support of Mystic Aquarium, one of Connecticut’s premier cultural and research institutions.  The grant will support innovative research that will improve the understanding of … Read More

IEA: Clean Energy Investment Rebounded but Needs to Rapidly Accelerate

Global investment in energy is set to rebound by nearly 10% in 2021 to $1.9 trillion, reversing most of last year’s drop caused by the COVID-19 pandemic, but spending on clean energy transitions needs to accelerate much more rapidly to … Read More

Toronto-Based Investment Firm Sells Stake in Okanagan Wind

Instar Asset Management, an independent alternative asset management firm, has sold its 100% interest in Okanagan Wind – two wind power facilities totaling 30 MW of installed renewable energy in the Okanagan region of British Columbia – to Canadian Power … Read More

Pattern Energy, Uniper Sign PPA for Western Spirit Wind

Pattern Energy Group LP, a privately owned developer and operator of wind and energy storage projects, and Uniper, an international energy company, have signed a 15-year power purchase agreement for up to 219,000 MWh per year of wind energy in … Read More

Accelerate Enters Renewable Energy Infrastructure Market

Accelerate Real Asset Management, a growth-oriented real asset platform, has launched a new joint venture (JV) to invest in renewable energy infrastructure: Activate Renewables will acquire real estate and royalty interests associated with utility-scale solar, wind and energy storage facilities … Read More