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Latest North America - United States Analysis

  • Friday 13th – nightmares abound

    When Friday The Thirteenth rolls around and the mind turns to the darker aspects of work in search of an editorial, it usually takes longer for a theme to emerge from the maelstrom of global infra/energy news

  • Disappointing bids hamper generation auctions

    Despite the wall of capital chasing North American power and renewable energy assets, a number of sale processes for individual projects and portfolios have recently stalled or been scrapped, suggesting that investors with cash to deploy are remaining disciplined

  • New England Power, US

    Having plucked two aging Massachusetts peakers out of GenOn Energy’s bankruptcy proceedings in 2018, Stonepeak Infrastructure Partners repackaged them last year into a 1.6GW portfolio called New England Power that proved highly palatable to project finance lenders

  • Pipeline cyberattack highlights risk to energy infra

    A hacking attack recently shut down an entire US gas pipeline asset for two days, underscoring concerns raised by experts and advocacy groups about the growing threat of cyberattacks in energy and other infrastructure sectors

  • IRS guidance "big win" for carbon capture tax equity

    After two years of waiting, tax equity investors finally have much-needed guidance from the Internal Revenue Service on the framework for investments in carbon capture and storage projects

  • Miami-Dade Courthouse, Florida

    After years of delays, Plenary Justice Miami has reached financial close on the Miami-Dade County civil and probate courthouse that will replace an existing courthouse so old that it once held a trial for Chicago mobster Al Capone

  • SOFR, so good?

    As lenders and borrowers prepare to say goodbye to Libor, also known as “the most important number in finance,” are project finance professionals ready?

  • Gulf Plains Wind acquisition, US

    US-based fund manager Harbert Management Corporation almost doubled its renewable energy holdings at the end of last year when it acquired a stake in an 812MW wind portfolio − a deal it ultimately opted to finance in the bank market through a holding company called Gulf Plains Wind

  • B-Day landings in World War 5G

    Wow. What a week to have lived through. It started with UK prime minister Boris Johnson revealing that Huawei would be involved in the roll-out of 5G in Britain – potentially leading to a schism with the US – and ended with Brexit… a rift with Europe

  • C&I solar developers weigh their options

    While yield-hungry investors of all stripes are viewing distributed, small-scale solar companies ever more favorably, the founders and management of the target companies are finding that there are attractive alternatives to selling stakes in their businesses outright

  • Battle lines drawn for Intelligent Infra

    The lines are being drawn for an East/West technology battle as Intelligent Infrastructure takes a step closer to becoming reality… with the US placing itself in the vanguard as the tech protector for Western nations

  • 2020: Year of the debt fund?

    While the gap between equity and debt fundraising was still wide in 2019, Q4 figures highlight a potentially new trend

  • CCGT sponsors push on in PJM, auction or no auction

    Developers of gas-fired projects in PJM Interconnection are forging ahead with financing plans for Q1 2020, despite lingering uncertainty over the delayed capacity auction timetable and rules, while frustrated renewable energy developers have been forced back to the drawing board

  • Bring on the infra revolution

    It seems fitting that the first editorial of a new decade should focus on how the market is evolving to meet future demands as greenfield infrastructure morphs into a creature significantly different to the beast we know

  • No, actually… it’s all about us!

    When we go out to meetings and dare to drop into the conversation the subject of awards nights, it can go either of two ways. Either they lean in, ears pricking up… or they peer at you through fingers, shaking heads vigorously

  • The renewable race to refi

    All you ever hear these days is doom and gloom. You’d think we were back in the days of box-toting bankers smiling ruefully for the cameras as they exit Lehman Brothers for a final time, liberated pot plant under arm

  • Taxiing before take-off

    Airport privatisations in the US have largely remained grounded, with numerous cancellations, but two deals are now at least moving towards the runway

  • US infra spending – a missed opportunity

    The cancellation of the Mobile River Bridge P3 shows the limitations of federal efforts to increase infrastructure spending

  • Another year older, another year…

    There are certain things by which you can chart your life and it’s a little bit sad when it dawns on you that IJGlobal’s quarterly league tables have become a landmark for tracking the flow of years

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