Energy Finance and M&A

Wind and Solar
Nevada PPA prices 3-3.5 c/kWh. 50 MW Techren solar PV 20-year PPA with NV Energy @ $34.2/MWh, escalates 2% p.a. 50 MW Turquoise solar PV 20-year PPA with NV Energy @ $30.00/MWh, escalates 2% p.a. Estuary Capital Advisors and Sumitomo.
Starwood 100 MW Northwest Ohio wind power project. Citi will provide tax equity, Rabobank construction and term loan finance. Corporate PPA with GM.
 
Thermal Power
Outlook for the unregulated power sector is weak. Companies continue to struggle with weak demand and oversupplied markets. Henry Hub natural gas prices remain at around $3/MMBtu. Electricity demand remains weak because of increasing energy efficiency.
 
Latest News
Biggest ever IT M&A transaction. AVGO $103 BN bid for QCOM. Banks confident that they will be able to arrange the necessary financing. Tax equity market dominated by a handful of investors. Uncertainty is stifling new investment. 10 to 15 core financial institution tax equity investors. Goldman Sachs and CIC to launch up to $5 BN fund to invest in US manufacturers.