Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
July 14, 2016

Deals this week: Dominion Resources, Copenhagen Infrastructure Partners, and Axium Infrastructure

Dominion Resources has priced its 2016 series-A 5.25% enhanced junior subordinated notes through a public offering.

Dominion Resources has priced its 2016 series-A 5.25% enhanced junior subordinated notes through a public offering. 

Due 30 July 2016 the notes were priced with an intention to raise $800m. Underwriters for the offering include Morgan Securities and RBC Capital Markets.

The offering is expected to close on or about 19 July 2016 and the interest will be paid quarterly on 30 January, 30 April, 30 July, and 30 October of each year commencing from 30 October 2016.

Merrill Lynch, Pierce, Fenner & Smith, Morgan Stanley, UBS Securities, and Wells Fargo Securities are acting as joint book running managers, whereas McGuireWoods LLP is acting as legal advisor.

Copenhagen Infrastructure Partners has acquired the 366MW Bearkat Renewable Energy Project and the 150MW Blue Cloud Renewable Energy Project from TriGlobal Energy.

The two onshore US projects are being developed in collaboration with their respective local communities. TriGlobal Energy will continue to assist Copenhagen Infrastructure Partners to achieve the financial close for the projects, which are anticipated to start operations in 2018.

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration

Axium Infrastructure and a consortium partner have reached an agreement with EDF Renewable Energy to acquire a 50% stake in the 150MW Slate Creek wind project located in Sumner County in Kansas.

The electricity generated from the plant will be sold to Kansas City Power and Light under a 20-year fixed-price power purchase agreement.

The transaction will increase Axium Infrastructure and its consortium partner’s participation in projects alongside EDF EN Canada and EDF Renewable Energy to four assets with a combined installed capacity of 277MW.

D.E. Shaw Renewable Investments has completed the acquisition of the 100MW North Star solar project in Chisago County in Minnesota from Community Energy.

The electrical output from the project will be purchased by Xcel Energy under a 25-year power purchase agreement. The construction contract has been awarded to Swinerton Renewable Energy, who will install approximately 400,000 crystalline photovoltaic modules. Construction is expected to be completed in 2016 and commercial operations are anticipated to begin in 2017.


Image: A 50% stake in the 150MW Slate Creek wind project is to be acquired by Axium Infrastructure. Photo: courtesy of Mortenson Construction.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU