Project Finance

  • March 22, 2012

    Grace, Al Dahra Plan Oil Additives Plant In Abu Dhabi

    Chemical and construction company W.R. Grace & Co. and Al Dahra Agriculture Co. signed a preliminary joint agreement to build and operate a new plant in Abu Dhabi that would manufacture machinery that refines crude oil into more valuable products like gasoline, the two announced Thursday.

  • March 22, 2012

    Thrust Of Obama's Keystone Order Could Be Limited

    President Barack Obama’s order Thursday directing federal agencies to expedite their review of a U.S. leg of TransCanada Corp.’s Keystone XL pipeline could speed up water permitting, but doesn’t appear to affect other remaining regulatory hurdles, according to TransCanada and others familiar with the project.

  • March 22, 2012

    DOE Carves Out Up To $450M For 2 Reactor Projects

    The Obama administration will provide up to $450 million, to be matched by private companies, for two U.S.-based nuclear reactor projects, the U.S. Department of Energy said Thursday.

  • March 22, 2012

    Sutherland Leads Enbridge In 1st US Solar Farm Buy

    Canadian oil pipeline giant Enbridge Inc. has bought a 50-megawatt photovoltaic project in Nevada from beleaguered First Solar Inc., taking its first step into the U.S. solar market, the company said Thursday.

  • March 22, 2012

    Philippines Ready To Bid $1.4B Light Rail Project

    A $1.38-billion proposal to expand the Manila metro area's light rail system cleared a final regulatory hurdle in the Philippines on Thursday, and the government is now preparing to put the project out to bid.

  • March 21, 2012

    BIA, Tribe Seek To Stall Approval Of Hydro Power Project

    The Bureau of Indian Affairs told the Federal Energy Regulatory Commission on Wednesday to hold off on granting a preliminary permit for a proposed 2,000-megawatt pump storage hydroelectric project in Arizona, citing concerns about impacts to endangered species and water supplies.

  • March 21, 2012

    FERC Challenges Plan To Recoup $786M Alaska Pipeline Costs

    Trial staff at the Federal Energy Regulatory Commission said the owners of the Trans-Alaska Pipeline should not be allowed to recoup from ratepayers costs associated with mismanagement of their $786 million “train wreck” reconfiguration project, according to a briefing filed Wednesday.

  • March 21, 2012

    Obama To Speed Up US Portion Of Keystone Pipeline

    President Barack Obama said Wednesday that he will order federal agencies to quicken approval of a U.S. portion of the TransCanada Corp.'s Keystone XL pipeline in a move the White House hopes will thwart Republican attacks on his energy policy and assuage concerns over rising gas prices.

  • March 21, 2012

    IDB Sets Aside $700M For Eco-Friendly Projects In 2012

    The Inter-American Development Bank expects to dole out more than $700 million in financing this year for private-sector green energy projects in Latin America and the Caribbean, the bank announced at its annual meeting, which concluded Monday.

  • March 21, 2012

    Shell Scores China's First Shale Gas Sharing Deal

    The Chinese arm of oil and gas behemoth Royal Dutch Shell Plc has snagged the country's first shale gas production sharing contract in a joint venture with state-owned China National Petroleum Corp, Shell announced on Monday.

  • March 20, 2012

    FERC OKs Proposal For 2,250-Turbine Miss. River Project

    The U.S. Federal Energy Regulatory Commission on Tuesday greenlighted a proposal by Free Flow Power Corp. to install 2,250 hydrokinetic turbines on the bottom of the Mississippi River, simultaneously denying a permit for a similar, competing project.

  • March 20, 2012

    House Favors Highway Bill Extension Over Senate Option

    The U.S. House of Representatives is considering extending the current highway funding bill instead of approving the bipartisan transportation bill passed by the U.S. Senate last week, Rep. John Mica, R-Fla., said Tuesday.

  • March 20, 2012

    NYC Seeks Plans For Solar, Wind Power At Landfill Site

    The New York City Economic Development Corp. issued a request Tuesday for proposals to lease 75 acres of land near the former Fresh Kills landfill on Staten Island and build solar and wind power farms on the property.

  • March 20, 2012

    House GOP Budget Would Slash Obama Energy Policies

    House Republicans released their 2013 budget plan Tuesday, proposing to eliminate the Obama administration’s clean energy incentive programs and environmental regulations while encouraging domestic oil and gas development.

  • March 20, 2012

    Vt. Blocked From Shuttering 600-MW Nuke Plant

    A Vermont federal judge on Monday forced the state's public utilities board to hold off on shuttering a 600-megawatt nuclear generator operated by Entergy Corp. until the Second Circuit decides whether the board actually has the power to do so.

  • March 20, 2012

    New York, Feds Map Hot Spots For Offshore Wind

    A report released on Tuesday pushes New York closer to its plans for offshore wind power, mapping vital wildlife and geologic data about its coastal waters in an effort to streamline siting decisions and head off environmental challenges. 

  • March 20, 2012

    Riverkeeper Backs Blackstone’s $2B Canada-NYC Power Line

    Riverkeeper Inc., the influential New York environmental group, came out in support Monday of a planned settlement that would allow a unit of Blackstone Group LP to build an estimated $2 billion, 330-mile underwater cable that would bring hydroelectric power from Quebec to New York City.

  • March 20, 2012

    Hawaii's Biggest Wind Farm Locks Down $236M Loan

    A group of U.S., Canadian and German banks has made a $236 million project loan to what will be Hawaii's biggest wind farm, developer First Wind Energy LLC said Tuesday.

  • March 20, 2012

    Dominion Virginia Asks Feds For Offshore Wind Project

    Dominion Virginia Power told the federal government Monday that it is interested in snatching up a swath of offshore space to build wind turbines, which the power provider said would yield 1,500 to 2,000 megawatts of electricity.

  • March 20, 2012

    Chu Fights New GOP Claims Against Energy Loan Programs

    Secretary of Energy Steven Chu defended his agency Tuesday against allegations from the top congressional oversight panel that the U.S. Department of Energy’s loan programs were plagued by mismanagement and corruption, saying the programs were aggressively monitored and deserved renewal.