As the U.S. government moves closer to licensing the first new nuclear power plants in decades, companies planning new nuclear projects will likely find themselves in competition for financing with the booming natural gas sector, attorneys say.
An energy subsidiary of private equity firm Starwood Capital Group has acquired a minority stake in a Gainesville, Fla., biomass power plant project from Tyr Energy Inc., Starwood announced Tuesday.
A joint venture between California-based construction and engineering contractor ECC International Constructors LLC and its Turkish counterpart METAG Insaat Ticaret AS has won a $477 million project to redevelop a stretch of land completing Afghanistan's main artery, Ring Road, ECC said Tuesday.
Australian mining and technology firm Astra Resources PLC has teamed up with project finance specialist MidOil USA LLC to raise $750 million to commercialize its steelmaking technology, the company announced Tuesday.
Joule Unlimited Inc., a Massachusetts-based biofuels developer, has closed a $70 million third round of fundraising, furthering plans to launch commercial production of its patented plant-to-fuel process, the company said Tuesday.
London Mining PLC on Monday hit back at its joint venture partner on a Chinese iron ore mine, accusing Wits Basin Precious Minerals Inc. of filing an unfounded $650 million breach of contract suit to avoid paying a $1.2 million loan obligation.
French engineering giant Alstom SA and Scottish energy developer SSE Renewables have signed an agreement to begin developing the largest wave energy project in the world off the coast of Scotland, the companies said Tuesday.
The Royal Bank of Scotland Group PLC will sell its aircraft leasing business to a consortium led by Sumitomo Mitsui Financial Group Inc. for about $7.3 billion as the Japanese partners look to harness increasing demand for commercial aircraft, the companies announced Tuesday.
One of the most important issues in project financing is the emphasis placed upon compliance with environmental and social standards. The former are easier to measure than the latter, says David Zacks, a partner with Blake Cassels & Graydon LLP specializing in project finance.
With a move toward stricter time limits on appropriated funds, the U.S. Department of Energy laid out the implications for contract planning, award and administration in a Thursday letter to its contracting officers.
Canada's Mountain Province Diamonds Inc, a joint venture partner with De Beers Diamond Jewellers Ltd., plans to spin off a mining project into a separate TSX Venture Exchange-listed company, according to a filing with the U.S. Securities and Exchange Commission on Friday.
The U.S. Environmental Protection Agency is looking for outside scientists to peer-review a draft report finding that groundwater near an Encana Corp. gas field in Wyoming contains chemicals linked with hydraulic fracturing, according to a notice the agency plans to post Tuesday.
The Obama administration on Friday unveiled a pilot program that seeks to speed up environmental reviews for high-speed rail projects in the Northeast corridor.
Business in utility-scale solar projects is booming — on track to triple by 2015, according to market research firm NPD Solarbuzz — but pulling off those projects can be a difficult task. The process can be a lengthy and complex, fraught with hurdles such as environmental battles or financial difficulties, said attorneys who focus on solar deals.
The Inter-American Development Bank has approved a $30 million loan for a new fund designed to boost the private sector's role in developing clean technologies and renewable energy in Latin America, the bank announced Friday.
Brazilian energy company CPFL Energias Renovaveis SA has agreed to buy four wind power projects in its home country from Madrid-based developer Cobra Instalaciones y Servicios SA, the company announced Friday.
Santos Ltd. has pulled the trigger on a $504 million oil project off the coast of Western Australia and expects the black gold to start flowing at an initial rate of 15,000 barrels a day by late 2013, the fossil fuels producer said Friday.
Japanese energy company Inpex Corp. and French petroleum giant Total SA signed a deal late Thursday for a $34 billion liquefied natural gas project in northern Australia, the second-biggest project ever launched in the country and a big bet on future gas demand in Japan.
The financing of infrastructure in the U.S. is in need of a complete overhaul. The issue, essentially, is one of proper risk allocation and how fairly to spread costs, but too often the dialogue seems to be focused on how I can get someone else to pay for what I want or need, says Mark Vecchio, a partner with Venable LLP specializing in infrastructure development.
A Chilean appeals court on Thursday ordered the country's state-owned copper company to pay Anglo American PLC's legal fees related to an injunction it had filed and then withdrawn in an ongoing battle over contract options for a coveted copper mine's vast reserves.