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  1. NYCEEC brings the battery to Brooklyn, financing energy storage for a low-income housing microgrid

    The New York City Energy Efficiency Corporation has made a 10-year project loan of more than $1 million to the energy storage company Demand Energy, bringing large-scale battery storage technology to a privately owned low-income housing development in Brooklyn, NY. Demand Energy's lithium-ion battery system will be used to store power generated onsite by the Marcus Garvey housing complex's solar panels and fuel cell systems—or lower-cost off-peak Con Edison power—dramatically reducing power demand when electricity is at its highest cost. It will be the first battery storage microgrid installation at a low-income property in greater New York. The 625-unit Marcus Garvey Apartments, located in the Brownsville section of Brooklyn, is owned by L+M Development Partners, a large owner/developer of low-income housing. L+M has already installed 400 kW of solar and committed to adding 400 kW of fuel-cell generating capacity as part of a major property renovation. The energy storage and distributed energy resources will be integrated into a microgrid managed by Demand Energy's DEN.OS™ software platform, which will optimize the value of L+M's energy generation investments. The system will cut power expenses, help keep the grid reliable and provide off-grid backup power for emergencies. "Managing on-site generation and extracting value from the demand response market have made battery storage a smart, cost-effective choice," said Brian Asparro, chief commercial officer for Demand Energy. "This software-controlled microgrid is exactly what building owners and Con Edison are looking to implement. NYCEEC's innovative approach—non-recourse debt financing—made it possible." "Energy storage closes the loop with energy efficiency and clean, localized generation, and helps encourage their adoption," said Posie Constable, NYCEEC's head of business development. "That's why NYCEEC has designed a loan product to encourage energy storage projects." The installation will more than pay for itself through incentives from Con Edison's Brooklyn Queens Neighborhood Program (formerly BQDM) initiative, and from ongoing revenue generated through participation in demand response and peak shaving power programs. To avoid building new capacity at a cost of more than $1 billion, Con Edison is offering major incentives to reduce electricity demand in the fast-growing Brooklyn-Queens area. Con Edison's efforts in New York City are in line with the state's Reforming the Energy Vision (REV) Initiative, which is aimed at creating a cleaner, more affordable, modern and efficient energy system that seamlessly includes distributed energy resources like rooftop solar, combined heat and power, energy efficiency, and energy storage.

    Online Articles

    Online Articles

    Wed, 7 Dec 2016

  2. Carnegie signs $3.69 million debt financing agreement for microgrid project that includes wave energy

    Carnegie Wave Energy has signed an A$3.69 million debt financing agreement to support its Garden Island Microgrid Project, which will involve integrating a 2-MW solar PV array and a 2-MW battery energy storage system with the company’s CETO wave energy technology.

    Online Articles

    Online Articles

    Fri, 21 Oct 2016

  3. NextEra makes deals for control of transmission firm Oncor

    NextEra will pay $4.4 billion in cash and $5.4 billion in debt financing to purchase the 80 percent piece of Oncor

    Online Articles

    Online Articles

    Tue, 1 Nov 2016

  4. Fortuna FLNG decision expected by mid-2017

    Ophir Holdings & Ventures and OneLNGSM will form a joint operating company to develop the Fortuna gas project in block R offshore Equatorial Guinea using Golar’s FLNG technology.

    Online Articles

    Online Articles

    Thu, 10 Nov 2016

  1. Keyera to enter long-term private placement debt financing

    Online Articles

    Online Articles

    Fri, 22 Jul 2016

  2. Freeport LNG arranges debt financing of first NG liquefaction train

    Freeport LNG Expansion LP reports that its subsidiary, FLNG Liquefaction LLC, has entered into definitive agreements for the debt financing of $3.85 billion of capital required for the development of Freeport LNG's first train facility (Train One) at its proposed natural gas liquefaction and LNG ...

    Online Articles

    Online Articles

    Thu, 30 Oct 2014

  3. Ontario Power Generation wraps up financing for Lower Mattagami hydro projects

    Ontario Power Generation (OPG) said Oct. 7 that it has reached the financial close of a C$220 million private placement bond offering to complete the financing for the completed redevelopment and expansion of four hydroelectric stations on the lower part of the Mattagami River.

    Online Articles

    Online Articles

    Mon, 17 Oct 2016

  4. 43% of PE firms planning global oil and gas acquisitions in 2017

    Capital requirements for the oil and gas sector are high; the shortage of bank-led debt financing is offering plenty of scope for Private Equity (PE) firms to invest and provide more alternative financing sources than historical options to fund the world’s future energy needs.

    Online Articles

    Online Articles

    Wed, 21 Sep 2016

  5. Macquarie in frame to buy UK Green Investment Bank

    Australian bank Macquarie is the front runner to buy the UK’s Green Investment Bank in what would be the first major British privatization since Theresa May became Prime Minister in July.

    Online Articles

    Online Articles

    Mon, 10 Oct 2016

  6. Hunton & Williams represents groups on financial facilities for LNG project

    Hunton & Williams LLP has successfully represented Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), and a group of commercial banks on a $4.369 billion senior secured project debt finance , letter of credit, and working capital facilities to finance the ...

    Online Articles

    Online Articles

    Mon, 1 Dec 2014

  7. Cheniere secures debt financing for Train 5 at Sabine Pass liquefaction project

    Cheniere Energy Partners LP’s Sabine Pass Liquefaction LLC has engaged 18 financial institutions to act as joint lead arrangers to assist in the structuring and arranging of up to approximately $5.8 billion of debt facilities, including approximately $4.6 billion of credit facilities and an ...

    Online Articles

    Online Articles

    Tue, 30 Jun 2015

  8. Recurrent Energy secures debt financing for 200 MW solar power project

    The project, developed by Recurrent Energy, is currently under construction

    Online Articles

    Online Articles

    Thu, 10 Sep 2015

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