The funding will support ongoing construction and early operations of the company’s utility-scale solar projects in Georgia, Maryland and Pennsylvania that together have a combined capacity of 400 MWdc. (Source: Shutterstock)
Competitive Power Ventures (CPV) closed $370 million in revolving credit facilities in support of the company’s renewables development pipeline, CPV announced in an Aug. 24 press release.
The funding will support ongoing construction and early operations of the company’s utility-scale solar projects in Georgia, Maryland and Pennsylvania that together have a combined capacity of 400 MWdc. The Massachusetts-based company already has five wind farms in operation.
Lead arrangers for the funding were Deutsche Bank and Nomura Securities. Bank Leumi and BNP Paribas also provided commitments.
“This arrangement improves the efficiency of our financing efforts and enhances our capital sourcing in support of our next wave of renewable and low carbon projects that will help drive us towards our decarbonization goals,” said CPV’s CFO Paul Buckovich in the release.
Recommended Reading
E&Ps Pivot from the Pricey Permian
2025-02-01 - SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
Exxon Enlists Baker Hughes to Support Uaru, Whiptail Offshore Guyana
2025-02-03 - Baker Hughes’ will provide specialty chemicals and related services in support of the Uaru and Whiptail projects in the Stabroek Block.
Tamboran, Falcon JV Plan Beetaloo Development Area of Up to 4.5MM Acres
2025-01-24 - A joint venture in the Beetalo Basin between Tamboran Resources Corp. and Falcon Oil & Gas could expand a strategic development spanning 4.52 million acres, Falcon said.
TGS to Conduct Ocean-Bottom Node Survey Offshore Trinidad
2025-04-07 - TGS has awarded a client a shallow water ocean bottom node contract offshore Trinidad.
Shell Takes FID on Gato do Mato Project Offshore Brazil
2025-03-23 - Shell Plc will be the operator and 50% owner, with Ecopetrol holding 30% interest and TotalEnergies 20%.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.