Alterra Power 200MW Flat Top wind secures project finance from Citi, Santander and RBC. 49% equity from BlackRock. Tax equity from Berkshire Hathaway and Citi. HoldCo loan from AMP.
$4.8BN raised YTD 2017 to invest in renewables, only $1.9BN for oil and gas.
UVA 32MW solar PV power project. 25-year PPA with Dominion. Developed by Coronal and Panasonic.
$231BN invested in EE products and services globally, $41BN in the US. 9% increase from 2015. 58% of investment in buildings, 26% in transportation, and 16% in industry.
NH legislation increases Class III REC price from $45 to $55.
Oil & Gas
BP is considering an IPO of its US businesses. BP Midstream Partners crude oil, natural gas, and refined product pipelines located in the Midwest and Gulf Coast.
310 M&A deals worth $43.5BN. 93 US M&A deals worth $26BN. Hydro One to acquire Avista for $5.3BN. Google and NYSERDA among those announcing DG residential geothermal. Blackrock raised $1.4BN to invest in EU wind and solar. Financing energy storage projects. Plenty vertical indoor farm raised $200MM from Softbank, Eric Schmidt and Jeff Bezos. 3 facililities in CA and WY. Raised $226MM since 2013. Indoor farms located on 2-5 acres roughly the same size as a Walmart or Home Depot. $796MM was committed to storage project financing in 2016, and $153MM was committed in Q1 2017. US grid study ordered to support coal. Renewable energy not a threat to grid. Risk in innovation for innovation’s sake. M&A tools.