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Latest North America - United States Analysis

  • Griffith Energy, Arizona

    After outbidding several rivals in a competitive auction in February for the 570MW Griffith Energy gas-fired project in Arizona, ArcLight Capital Partners was ready to put acquisition financing in place. Then the pandemic happened...

  • JFK Terminal 1, US

    Three years after Mayor Andrew Cuomo announced his plans to redevelop John F Kennedy Terminal 1, the consortium behind the transaction reached financial close in the midst of a global pandemic that hit the airline industry hard

  • Longroad to victory

    Longroad Energy proved the viability of 2 relatively new solar offtake structures – the California community choice aggregator-backed power purchase agreement and the Texas solar hedge – when it financed and sold the 160MW Little Bear and 300MW Prospero projects over the course of the past year

  • IJGlobal Magazine – The Awards Special

    The summer issue of the IJGlobal Magazine is published today in digital format only. IJGlobal took the decision in the interests of safety not to publish the hard copy due to the coronavirus pandemic

  • Solar securitizers dance around disruption

    When the Covid-19 pandemic hit the US, the securitization market slammed shut, prompting Vivint Solar to pivot away from a deal that was "on the cusp of closing" to alternative sources of liquidity. But as Vivint put the finishing touches to its Plan B, a window opened up for ABS issuance and other solar securitizers started piling in

  • IJGlobal Webinar – Digital Infrastructure

    This week’s IJGlobal webinar – The Critical Infrastructure Resilience Discussion – attracted an impressive international audience with the 2 key speakers delving into the a sector that will become increasingly core to subscribers of this service

  • District Energy Networks/Vicinity Energy, US

    Antin Infrastructure Partners made good on its commitment to grow its US presence at the end of last year with the $1.25 billion acquisition of Veolia’s District Energy Networks business. The French firm funded the purchase with a $770 million debt package that combined elements of corporate and project financing

  • IJGlobal Survey – Global Digital Infrastructure

    IJGlobal this week published a survey to gauge understanding and preparedness for Digital Infrastructure – a burgeoning sector that we anticipate will benefit massively from international stimulus packages to revitalise economies post Covid-19

  • esFaraday battery storage portfolio, USA

    In a sector where there is often more talk than action, Californian developer esVolta cinched a landmark financing earlier this year for what it claims is the first large-scale standalone battery storage portfolio to reach financial close

  • GSRP Portfolio I, US

    At the end of last year, Goldman Sachs Renewable Power, a division of Goldman Sachs Asset Management, closed a $500 private placement to refinance one of the largest commercial and industrial-scale solar portfolios ever amassed in the US

  • University of Iowa Utility System, US

    Since financial close of the University of Iowa’s Utility System, the US P3 market has seen an aggressive uptick in colleges seeking private partners upgrade and operate cleaner, more efficient systems. Investors, meanwhile, see these transactions as both straightforward and lucrative

  • Falling off a cliff – infra style

    As you look out there – virtually, of course, as you shouldn’t be going further than the end of your road unless it’s to load up with a couple of hundred-weight of bog roll – it’s a curiously vibrant market… for now. But dark clouds are massing...

  • Primary Energy Recycling Corporation, US

    Wind and solar are the obvious choices for sustainability-focused energy infrastructure investors, but for one fund manager, a portfolio of waste-heat-to-power plants supplying steel mills in the Midwest ticked all the boxes

  • Infra technology – donkeys led by geeks

    If the coronavirus lockdown has taught us anything, it is that we’re more reliant now on technology than we ever have been to fulfil our functions… and you better believe this reliance is going to grow in the coming months/years

  • More smoke than fire in standalone batteries

    A coterie of developers, project finance lenders and equity investors have been jockeying for position on the front line of a widely-tipped tidal wave of standalone battery storage deals for years, but with the exception of a few high-profile deals, so far there's been a lot more talk than action

  • Central Penn Gas Pipeline, Pennyslvania

    One the last remaining publicly-listed renewable energy yield companies in the US, NextEra Energy Partners, made a major fossil fuel investment last year when it acquired a stake in the 185-mile Central Penn gas pipeline in Pennsylvania for $1.37 billion. The financing included tightly-priced term debt and a complex convertible equity deal

  • The great infra coverage up

    A significant date in the project finance calendar – 31 March – slid past this week with little remark, but as we cringe our way through the financial Armageddon that is coronavirus, it’s unlikely such popular interest payment and calculation dates will be treated in the future in quite so blasé a manner

  • Stir crazy and staying safe

    We’re all in the same boat now – moving like cagey tigers in our allotted territories, wading through thousands of unnecessary emails, wrestling with yesterday’s wonder technology innovation… all the while maintaining an ostensibly-genial appearance for the nearest and dearest

  • Historic treasury yield lows inspire mixed PF forecasts

    Historic low Treasury yields resulting from Covid-19 and oil-price fears have been seized on by project finance officials as an opportunity for refinancing and hedging to lock in rock-bottom rates. But some market participants are less sanguine, warning of a possible credit crunch

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