Deals this week: Hull Street Energy, Banco de Comercio Exterior, Thrive Renewables

31 August 2018 (Last Updated August 31st, 2018 12:36)

Hull Street Energy has acquired nine hydroelectric power facilities located in New Hampshire from Eversource.

Hull Street Energy has acquired nine hydroelectric power facilities in New Hampshire, US, from Eversource.

The facilities have a combined power-generation capacity of 68MW.

Hull acquired the facilities through its affiliate in a competitive auction process established by the New Hampshire Public Utilities Commission. J.P. Morgan acted as the auction manager.

The company has engaged Manatt Phelps and Phillips, and Van Ness Feldman as legal counsel for the transaction.

Hull Street Energy is engaged in electric industry-focused private equity firm, while Eversource is engaged in energy generation. Both companies are based in the US.

Atlas Renewable Energy has secured long-term financing from Banco de Comercio Exterior (Bancomext) for the development of the Guajiro solar power plant in Hidalgo, Mexico.

Bancomext has agreed to provide $88.5m for the plant construction and a $17m line of credit, under the agreement.

Based in the US, Atlas Renewable Energy is engaged in renewable energy generation, while Mexico-based Bancomext is a state-owned bank and credit agency.

“Bancomext has agreed to provide $88.5m for the plant construction and a $17m line of credit, under the agreement.”

Advanced Power has raised $1.3bn in financing for developing the 1.18GW combined-cycle natural gas facility, South Field Energy, in Columbiana County, Ohio, US.

Advanced Power jointly owns the facility, along with Kyushu Electric Power, NH-Amundi Asset Management and PIA Investment Management, RS Global Capital Investment, Shikoku Electric Power, and an affiliate of Bechtel Development Company.

The financing was provided by Crédit Agricole Corporate and Investment Bank, CIT Group, GE Energy Financial Services, NH Investment & Securities, and ten other commercial banks.

Based in the US, Advanced Power is engaged in acquiring and developing power-generation and related infrastructure projects throughout Europe and North America.

DTEK Renewables has raised €90m ($105m) in debt financing for constructing the first phase of the 100MW Primorskaya Wind Electricity Plant (WEP) in Zaporizhzhya, South Ukraine.

A consortium of German banks, including Bayerische Landesbank, KfW IPEX-Bank, Bremer Kreditbank, and others provided the debt financing, while German export credit agency (ECA) Euler Hermes provided the risk coverage.

Based in Ukraine, DTEK Renewables manages DTEK’s assets in the renewable energy sector.

VivoPower International subsidiary Aevitas Group has raised A$5m ($3.65m) debtor finance facility.

Aevitas intends to use the proceeds for meeting the working capital requirements of its power services businesses J.A. Martin Electrical and Kenshaw Electrical.

Based in the US, VivoPower is engaged in solar power generation, while Aevitas is an Australian provider of critical energy infrastructure generation and distribution solutions.