FuelCell Energy closed its definitive agreement to sell a 1.4-MW fuel cell power plant project to NRG Energy; FPL proposes to purchase CBAS Power for a price of $520.5 million; Renewable Energy Trust secured CAD $115MM in financing to acquire the 12.6 MW DiscoveryLight and 14.2 MW FotoLight projects from Canadian Solar; b secured $86.2MM in financing to acquire the 31.26 MW DC McHenry Solar PV Plant in Modesto, Calif. and the 13.1 MW DC Heber Solar PV project in Imperial County, Calif.; Peabody Energy completed its offering of $1.0 billion aggregate principal amount of 10% senior secured second lien notes due 2022; AES intends to offer $575 million aggregate principal amount of senior notes due 2025; And others ...
Constellation and EdF transfer nuclear licenses to Exelon for $400 million; NRG closes $244 million acquisition of Gregory cogen plant in Texas; Vivint Solar secures $200 million for rooftop solar leases; Virginia Power floats $585 million in bonds; Southern Company issues $700 million; plus equity deals totaling $844 million and debt issues totaling $3.635 billion.
Engineers and constructors adapt to serve an industry in transition.
From gas pipelines to PV arrays, the nation’s contractors are seeing growth in utility infrastructure. Fortnightly talks with executives at engineering and construction firms to learn what kinds of projects are moving forward, where they’re located, and what lies over the horizon.
Entergy Mississippi to spin off its transmission business to ITC; Calpine acquires Bosque Power merchant plant in Texas; WPS acquires Fox Energy plant; E.On buys interest in Magic Valley wind farm; plus bond issues by Nstar, Western Mass. Electric, Texas Eastern Transmission, Alabama Power, and NSP totaling $1.55 billion.