Business & Finance

CANADIAN SOLAR COMPLETES SALE OF AGUASCALIENTES SOLAR PROJECT TO BLACKROCK

May 23, 2019 Anand Gupta

GUELPH, Ontario, and MEXICO CITY: Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced it has completed the sale of its 68 MWp Aguascalientes solar project in Mexico to BlackRock Infrastructure Fund II. Canadian Solar developed, arranged construction and long-term project financing, built and […]

Business & Finance

Eversource Energy Issues Inaugural Green Bonds

May 23, 2019 Anand Gupta

HARTFORD, Conn. & BOSTON: Eversource Energy subsidiary NSTAR Electric Company today announced the completion of its first ever issuance of “Green Bonds,” with proceeds used to support the company’s industry-leading low-carbon, clean energy initiatives. NSTAR Electric issued $400 million of 3.25% debentures that will mature on May 15, 2029. The difference, or spread, between the […]

Business & Finance

Businessman Veyrat could sell renewable energy firm Neoen to Engie in return for stake

May 22, 2019 Anand Gupta

The report pushed up Neoen’s shares by 1.5 percent in early session trading, while Engie’s shares fell 2.6 percent PARIS: French businessman Jacques Veyrat, who controls a stake of more than 50 percent in renewables energy group Neoen, could sell Neoen to utility Engie in return for a small stake in Engie, BFM Business reported […]

Business & Finance

UPDATE 1-Brazil’s CPFL Energia offers to buy Chinese stake in renewables unit

May 22, 2019 Anand Gupta

SAO PAULO: Brazilian utility CPFL Energia SA said on Tuesday it had offered to buy parent company China’s State Grid’s stake in its renewables arm CPFL Renovaveis <CPRE3.SA>. In a statement, CPFL Energia said the price of the offer would be negotiated but noted State Grid has already said it would sell at 16.85 reais […]

Business & Finance

EDP and Engie Team Up to Conquer Offshore Wind

May 22, 2019 Anand Gupta

The European power giants will create one of the world’s biggest offshore wind development companies through a new joint venture. The U.S. is among their target markets. Portuguese power firm EDP and French utility Engie announced a joint venture focused on achieving a ranking among the world’s top-five largest offshore wind developers. The 50-50 venture, […]

Business & Finance

Engie Acquires Genbright to Unlock More Value From Distributed Storage and Solar Portfolio

May 18, 2019 Anand Gupta

Genbright’s software matches distributed energy resources with multiple wholesale energy market opportunities. New England is a key growth target, Engie Storage CEO Chris Tilley tells GTM. Engie North America has built a big portfolio of distributed energy projects across the U.S., ranging from more than 75 megawatts of behind-the-meter battery systems from Engie Storage (formerly […]

Business & Finance

Israel’s Energix to buy $120 mln of solar panels from First Solar

May 17, 2019 Anand Gupta

The deal will help advance Energix’s plans to build photovoltaic (PV) projects in Israel and the United States * Israel’s Energix Renewable Energies said it will purchase $120 million of solar panels from U.S.-based First Solar. * The deal will help advance Energix’s plans to build photovoltaic (PV) projects in Israel and the United States, the company said. * Energix said it […]

Business & Finance

CANADIAN SOLAR SUBSIDIARY RECURRENT ENERGY COMPLETES SALE OF MUSTANG SOLAR PROJECT TO GOLDMAN SACHS

May 16, 2019 Anand Gupta

GUELPH, Ontario: Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced its wholly owned subsidiary Recurrent Energy, LLC (“Recurrent Energy”) has sold its equity stake in the 134 MWp/100 MWac Mustang solar project to the Renewable Power Group of Goldman Sachs Asset Management, L.P. […]

Business & Finance

India Ratings Assigns Parampujya Solar Energy’s Proposed Term Loan ‘Provisional IND AA (SO)’/Stable

May 16, 2019 Anand Gupta

India Ratings and Research (Ind-Ra) has rated Parampujya Solar Energy Private Limited’s (PSEPL) proposed senior rupee term loan as follows: Instrument Type Date of Issuance Coupon Rate (%) Maturity Date Size of Issue (million) Rating/Outlook Rating Action Proposed senior rupee term loan* – – – INR5,170 Provisional IND AA(SO)/Stable Assigned * The final rating is contingent […]

Business & Finance

Nordic Pension Funds Invest $700 Million in Renewable Energy

May 16, 2019 Anand Gupta

A group of Nordic pension funds have invested a combined $700 million in a new renewable energy infrastructure fund that will mainly target Asia and Latin America. PensionDanmark will invest $250 million and ATP will contribute a similar amount, the two Danish funds said on Wednesday. Other investors include Denmark’s Laegernes Pension and Kommunal Landspensjonskasse […]