Wind
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. Solar PV UVA 32MW solar PV power project. 25-year PPA with Dominion. Developed by Coronal and Panasonic. Thermal Power $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. Latest News 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.
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February 2019
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