Industry News

Intersect Power receives more than $600M to accelerate clean energy growth 27 Jan 2021, 4:31 pm

Utility-scale renewable energy developer Intersect Power, LLC announced that it secured $127 million in equity funding from Climate Adaptive Infrastructure, LLC and Trilantic North America In addition, the company said it has also closed on a $482 million debt facility with Generate Capital and CarVal Investors.

“The Intersect Power team has developed 3.7 GW DC of solar assets with a portfolio value of more than $8 billion. The investments announced today will give us the ability to scale our core business of solar and energy storage more quickly, while expanding further into emerging classes of clean infrastructure, like green hydrogen,” said Intersect Power CEO and co-founder Sheldon Kimber.

“Having deployed billions of dollars of clean infrastructure, our innovative approach to the convergence of power markets and financial markets served as a stepping-stone for Intersect to become a large, scalable IPP. That same approach positions us at the forefront of what’s next in clean infrastructure,” Kimber added.

Bill Green, Founder and Managing Partner at Climate Adaptive Infrastructure, said, “Intersect Power’s deep bench of senior executives are experts at strategically deploying capital across low-carbon infrastructure assets. Additionally, we look forward to Intersect Power’s expansion into green hydrogen, another critical component for global decarbonization.”

Orrick, Herrington & Sutcliffe provided legal counsel to Intersect Power. Latham & Watkins acted as legal counsel for the equity providers and Kirkland & Ellis and Foley & Lardner for debt.

The post Intersect Power receives more than $600M to accelerate clean energy growth appeared first on Renewable Energy World.

PNC Bank Announces Definitive Agreement To Acquire Tempus Technologies, Inc. 27 Jan 2021, 1:25 pm

PITTSBURGH, Jan. 27, 2021 /PRNewswire/ -- PNC Bank N.A. today announced it has reached a definitive agreement to acquire Tempus Technologies, Inc., a leading payment gateway provider that delivers secure and innovative payment-processing solutions for businesses of all sizes. The...

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Alstom to Supply 10 Extra Citadis Trams to Bordeaux Metropole 12 Jan 2018, 8:44 am

Alstom is to supply 10 additional Citadis trams to Bordeaux Metropole for a total amount of nearly EUR30 million[1] as part of the optional order for the Bordeaux Phase III project, which was notified on 29 August 2011. 26 trams, representing the firm order, entered circulation in 2013 and 2014. 15 trams are currently being manufactured as part of the optional order at the Alstom site in La Rochelle. These new 44-metre-long trams are identical to those of the previous orders and are intended ...

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