Project finance

EQS-News: ENCAVIS successfully closed a project financing in the amount of approx. EUR 61 million for its German solar park in Borrentin (114 megawatts)

Retrieved on: 
Tuesday, September 10, 2024
PPA, EUR, Deutsch, Power purchase agreement, Project finance, MDAX, CFO, Letter, VAT, Bayerische Landesbank, Electricity, Kilowatt-hour, Film industry

EUR 61 million for its German solar park in Borrentin (114 megawatts)

Key Points: 
  • EUR 61 million for its German solar park in Borrentin (114 megawatts)
    The issuer is solely responsible for the content of this announcement.
  • ENCAVIS successfully closed a project financing in the amount of approx.
  • EUR 61 million for its German solar park in Borrentin (114 megawatts)
    Hamburg, 10September 2024 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) has signed a non-recourse project financing agreement in a total amount of EUR 60.7 million for its solar plant Lindenhof (Borrentin).
  • With a generation capacity of 114.2 megawatts (MW), the Borrentin project is the largest solar plant owned by Encavis AG in Germany and the 3rd largest solar plant of Encavis AG’s own capacities.

Swift Current Energy Secures $300 Million Facility to Support Renewable Energy Portfolio Buildout

Retrieved on: 
Monday, September 9, 2024
Eisman, Entrepreneurship, Deutsche Bank, Infrastructure, First Citizens BancShares, Wind, Buckeye, Growth, NatWest, Project finance, Sidley Austin, Norton Rose Fulbright, Bookrunner, Swift Current, Sumitomo Mitsui Banking Corporation, Renewable energy

BOSTON and HOUSTON, Sept. 9, 2024 /PRNewswire/ -- Swift Current Energy (Swift Current), a leading North American clean energy platform, today announced it has closed a $300 million senior secured revolving credit facility.

Key Points: 
  • BOSTON and HOUSTON, Sept. 9, 2024 /PRNewswire/ -- Swift Current Energy (Swift Current), a leading North American clean energy platform, today announced it has closed a $300 million senior secured revolving credit facility.
  • The facility provides Swift Current with flexible growth capital for its pipeline of wind, solar and energy storage projects.
  • This is Swift Current's first engagement with Deutsche Bank AG; Swift Current has previously completed transactions with the other banks involved.
  • By the end of 2024, Swift Current will have commercialized 2.2 GW of projects and will own and operate more than 1 GW of renewable energy projects.

Ellomay Capital Announces Achievement of an Important Milestone towards the Project Finance of its 198 MW Solar Portfolio in Italy

Retrieved on: 
Monday, September 9, 2024
Commitment, Letter, Project finance, Creditor

The Commitment Letter sets forth the terms and conditions of the Project Finance, in an amount of up to €110 million.

Key Points: 
  • The Commitment Letter sets forth the terms and conditions of the Project Finance, in an amount of up to €110 million.
  • The Project Finance is intended to finance or refinance the construction and related expenses of Italian PV Portfolio.
  • The Lender’s commitments are subject to the execution of detailed Project Finance documentation by no later than December 31, 2024 (or such later date as agreed by the parties) and the satisfactory completion of due diligence by the Lender.
  • Therefore, we cannot assure you that the financing contemplated by the Commitment Letter will be executed or consummated and, to the extent executed and consummated, what the final terms of such financing will be.

Birch Creek Completes Altona Solar Financing

Retrieved on: 
Thursday, August 15, 2024
Celtic, Electricity, Pleasure, SVP, Partnership, EVP, IPP, Project finance, Renewable energy

ST. LOUIS, Aug. 15, 2024 /PRNewswire/ -- Birch Creek Energy, LLC ("Birch Creek"), a St. Louis based renewable energy company, announced the completion of financing and full operation of Altona Solar, a 42MW utility scale solar project based in Missouri.  This facility, along with the recently completed 49MW project Earp Solar in Illinois, represents the second of several projects slated to come on-line this year as part of Birch Creek's independent power producer ("IPP") strategy.

Key Points: 
  • ST. LOUIS, Aug. 15, 2024 /PRNewswire/ -- Birch Creek Energy, LLC ("Birch Creek"), a St. Louis based renewable energy company, announced the completion of financing and full operation of Altona Solar, a 42MW utility scale solar project based in Missouri.
  • "We cannot thank our financing partners enough for their invaluable support as we complete our first project in our home state of Missouri," added Max Whitacre, EVP of Project Finance for Birch Creek.
  • "The success of our industry banks on strong partnerships, and we look forward to continuing to support Birch Creek alongside their partners as they grow through the Altona project."
  • Altona Solar is a 42MWdc solar project based in Audrain County, Missouri.

Arevon Hires Nimmi Kavasery as Managing Director of Project Finance

Retrieved on: 
Monday, July 8, 2024
Investment, Assistant, Senior, GE Capital, Project finance, Letter, Vikings, Bank, Nimmi, ITC, Bank of America

NEW YORK and SCOTTSDALE, Ariz., July 8, 2024 /PRNewswire/ -- Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, announced that Nimmi Kavasery has joined as Managing Director of Project Finance based in Arevon's New York office. Kavasery brings 15 years of financing experience to this role, including more than a decade of expertise in clean energy project finance, developed during her tenures at Bank of America and GE Capital – Energy Financial Services.

Key Points: 
  • NEW YORK and SCOTTSDALE, Ariz., July 8, 2024 /PRNewswire/ -- Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, announced that Nimmi Kavasery has joined as Managing Director of Project Finance based in Arevon's New York office.
  • Kavasery most recently worked at Bank of America as a Director in the Global Sustainable Finance Group, where she co-led the Bank's tax credit syndication desk.
  • In her new role as Managing Director of Arevon's Project Finance team, Kavasery will manage the negotiation and execution of project financings and structure tax equity partnerships.
  • "As a leader in climate finance, Arevon is constantly expanding its diversified portfolio, and Nimmi will add critical experience and help propel our expansion."

Protecting more of our marine ecosystems together, for future generations

Retrieved on: 
Tuesday, June 25, 2024
Whale, Gitga'ata people, Beauty, Fishery, Wuikinuxv Nation, Indigenous peoples, Haisla Nation, Marine Protected Area Network, Government, Marine, Kwiakah First Nation, Nuxalk Nation, Investment, Kitselas First Nation, Research, Biodiversity, First Nations, MAPP, Heiltsuk Nation, Tlowitsis Nation, Colombians, Hartley Bay Indian Band, Economic development, Wuikinuxv, Water, Partnership, Science, Kʼómoks, Culture, Hope, Project finance, Federation, PFP, Food, Nature, Metlakatla First Nation, Health, MPA, Whaling

The MPA Network will advance conservation efforts that protect and enhance culture, biodiversity, and thriving coastal communities for generations to come.

Key Points: 
  • The MPA Network will advance conservation efforts that protect and enhance culture, biodiversity, and thriving coastal communities for generations to come.
  • Today's announcement is an important step in our governments' efforts to collaborate on and advance Indigenous-led projects that will protect the health of our marine ecosystems for future generations.
  • Through sustainable conservation financing, we will help secure the future of our marine ecosystems, fisheries, and coastal communities."
  • Marine Protected Areas (MPAs) play a critical role in preserving and enhancing biodiversity and ecological integrity of marine ecosystems.

Birch Creek Energy Completes Financing for 49MW Earp Solar

Retrieved on: 
Monday, June 24, 2024
IPP, MISO, Project finance, EVP, Economics, Electricity, Renewable energy

ST. LOUIS, June 24, 2024 /PRNewswire-PRWeb/ -- Birch Creek Energy, LLC ("Birch Creek"), a St. Louis based renewable energy company, announced the completion of financing and full operation of Earp Solar, a 47MW utility scale solar project based in Illinois.  Earp Solar represents the first project to become fully financed and operational in Birch Creek's independent power producer entity (the "IPP") and is the first of several which are slated to come on line this year. 

Key Points: 
  • ST. LOUIS, June 24, 2024 /PRNewswire-PRWeb/ -- Birch Creek Energy, LLC ("Birch Creek"), a St. Louis based renewable energy company, announced the completion of financing and full operation of Earp Solar, a 47MW utility scale solar project based in Illinois.
  • "Bringing Earp Solar to completion is a transformational event for Birch Creek," said Dan Siegel, CEO of Birch Creek.
  • Earp Solar represents the first of these projects and we are grateful to our partners who helped get us here."
  • We are thrilled to be a part of the Earp Solar project, and look forward to many future deals with the Birch Creek team."

Soluna Holdings’ CEO John Belizaire Shares Roadmap to Profitability in Shareholder Letter

Retrieved on: 
Thursday, May 23, 2024
Technology, Alternative Energy, Energy, Professional Services, Artificial Intelligence, Environment, Sustainability, Software, Networks, Internet, Cryptocurrency, Hardware, Green Technology, Data Management, Bitcoin, Security (finance), Partnership, Power, SLC, Project finance, Wind, Letter, AI, Annual report, ERCOT, Growth, Process, ERP, Computing, HPC, Navitas, Renewable energy

Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced an open letter to shareholders from Soluna Holdings CEO, John Belizaire.

Key Points: 
  • Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced an open letter to shareholders from Soluna Holdings CEO, John Belizaire.
  • A longer version of the letter as well as the 2024 earnings power presentation can be found on Soluna’s website.
  • Open Letter to Shareholders from John Belizaire, CEO of Soluna Holdings, Inc.
    As we close another year at Soluna, I am pleased to reflect on our significant progress and set forth our vision for 2024.
  • With the drastic rise in the need for AI computing, it is more attainable now than ever before.

Spearmint Energy Adds Senior Talent

Retrieved on: 
Tuesday, April 16, 2024
Technology, Batteries, Alternative Energy, Energy, NextEra Energy Resources, JPMorgan Chase, Investment, Siemens Gamesa, Capital market, Regulation, ERCOT, New York Power Authority, SPP, Engineering, Project finance, Barclays, BNP Paribas, Merchant, Renewable energy

Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced the addition of four senior hires who bring a diverse mix of project finance, capital markets, regulatory affairs, and commercial operations experience to Spearmint’s growing team.

Key Points: 
  • Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced the addition of four senior hires who bring a diverse mix of project finance, capital markets, regulatory affairs, and commercial operations experience to Spearmint’s growing team.
  • Merchant has more than two decades of experience working in the energy and commodities finance industry, including across debt capital markets, energy trading and structured derivatives, and project and structured finance.
  • Jack Clark III, Director of Regulatory – ERCOT & SPP – Mr. Clark brings more than 20 years of regulated and non-regulated energy industry operations experience to Spearmint.
  • Andrew Waranch, Founder, President, and Chief Executive Officer of Spearmint, said, “We are pleased to continue to scale the Spearmint team with exceptional talent and strengthen our capabilities across project finance, capital markets, regulatory affairs, and commercial operations.

Arevon Hires Denise Tait as Chief Investment Officer

Retrieved on: 
Monday, April 15, 2024
Growth, CIO, Investment, Project finance, Senior, GE Capital, Renewable energy

NEW YORK and SCOTTSDALE, Ariz., April 15, 2024 /PRNewswire/ -- Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, today announced that financial expert and long-time energy industry veteran Denise Tait has been named Chief Investment Officer (CIO). Tait will start in her new position on April 22, 2024, based in Arevon's New York City office.

Key Points: 
  • NEW YORK and SCOTTSDALE, Ariz., April 15, 2024 /PRNewswire/ -- Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, today announced that financial expert and long-time energy industry veteran Denise Tait has been named Chief Investment Officer (CIO).
  • As CIO at Arevon, Tait will be a member of the company's Executive Team and will oversee the Project Finance and Investment teams.
  • The company anticipates significant growth in the coming years and will count on proven leaders like Denise to reach our goals and inspire our team members," said Kevin Smith, Chief Executive Officer at Arevon.
  • "I am excited to welcome Denise to Arevon and look forward to working alongside her."