Advanced Power secured $1.3 billion in financing to build South Field Energy, a 1.18GW combined-cycle natural gas electric generating facility in Columbiana County, OH.
GE Energy Financial Services and UPF Energia Elctrica have secured $220 million of project financing for two jointly owned thermal power projects in Argentina. Citi, Credit Suisse and EDC led the financing.
Falvez Energy closed the financing of the Falvez Astra wind project in Texas. GE Energy Financial Services provided the construction financing in addition to 50% of the long term tax equity.
The Merkur offshore wind development project has closed. GE Energy Financial was a 6.25% equity investor in the $1.96 billion project.
Recurrent Energy closed on a tax equity investment commitment with a unit GE Energy Financial Services for the 75 megawatt (MWac) Astoria 2 solar power project.
Canadian Solar subsidiary Recurrent Energy closed on an equity commitment with GE Energy Financial Services for a 75 megawatt solar power project. A related debt facility was arranged by Santander and included Nord/LB, Radobank, Key Bank and CIT Bank.
Recurrent Energy closed on a tax equity investment commitment with GE Energy Financial for a solar power project. Santander Bank arranged $260 million in financing, along with a five member bank club, to support the project.
GE Energy Financial Services is partnering with GPI to invest in a solar project in Japan. GE Energy Financial Services is also investing in the project, and financing from a syndicate, led by MUFG, is being utilized.
GE Energy Financial Services and Virginia Solar Group subsidiary Pacifico Energy have partnered for a third time to construct a solar power project in Japan. GE’s commitment is worth $62.5 million.
GE Energy Financial Services completed its second solar project financing transaction with Tokyo-based Pacifico Energy. Bank of Tokyo–Mitsubishi UFJ and Chugoku Bank financed $109 million for the project.