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North American Biomass Deal of the Year 2011: Gainesville Renewable Energy Center
The 100MW Gainesville biomass project is one of the largest ever in North America, and its $500 million financing is certainly the largest project financing ever for a biomass project. Earlier deals for biomass plants have been smaller, often for unusual fuels, or using unusual equipment, and many o...
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North American Mezzanine Deal of the Year 2011: Plainfield biomass
Severe cuts to the incentives available to renewable projects are already spurring innovations in US power finance. The investment tax credit cash grant, which has buoyed the market since early 2009, is about to expire, and sponsors will need to put forward projects whose economics can survive witho...
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North American Oil & Gas Deal of the Year 2011: Ryckman Creek
The $145 million financing for the $270 million Ryckman Creek gas storage project involves a new venture from the management of a former award-winner – Falcon Gas Storage – that will connect to another recent award winner – the Ruby natural gas pipeline. The project is a rare example ...
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North American Project Bond Deal of the Year 2011: CHUM Hospital
Collectif CHUM closed a C$3.17 billion ($3.21 billion) financing for the Centre Hospitalier de l’Universite de Montreal (CHUM) concession in Quebec on 9 June 2011. The deal was the first widely distributed B-rated private infrastructure bond in Canada and was by far the largest healthcare conce...
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North American Single Asset Deal of the Year 2011: CPV Sentinel
The $795 million debt financing for the $900 million Sentinel peaking power plant marked the moment when the US power market resembled – briefly – its late 1990s glory days. The deal won hold commitments of $200 million from its lead arrangers, and sold down to another 18 institutions.
In...
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North American Social Infrastructure Deal of the Year 2011: CSE Canada
Plenary closed the C$1.13 billion ($1.14 billion) Long-Term Accommodations Project (LTAP) concession in Ontario on 29 January 2011. The financing is the Canadian federal government’s largest public-private partnership to date and the record low pricing on its debt was one reason for the inclusi...
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North American Solar Deal of the Year 2011: Desert Sunlight
The Department of Energy’s financial institutions partnership programme (FIPP) had a short and controversial existence. It proved as controversial with the lending community as the wider loan guarantee programme became with the US public. FIPP was rolled out in October 2009, during a period whe...
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North American Transmission Deal of the Year 2011: Wind Energy Transmission Texas
Wind Energy Transmission Texas closed on a $584.5 million debt financing for its competitive renewable energy zones transmission project in Texas on 28 July 2011. The financing is split between loans at the operating company and holding company, which allowed the sponsors – Brookfield Power and...
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North American Transport Deal of the Year 2011: Metropistas
Autopistas Metropolitanas de Puerto Rico closed a $1.136 billion financing for the PR-22 and PR-5 real toll concession on 22 September 2011. The deal, sponsored by Goldman Sachs Infrastructure Partners II and Abertis, was the only real toll deal to close in North America in 2011 and the first brownf...
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North American Wind Deal of the Year 2011: Seigneurie de Beaupré 2&3
Canadian wind projects usually require much less complicated financing structures than their counterparts in the US. The provinces of Quebec, British Columbia and, until recently, Ontario, are characterised by 20-year power purchase agreements with well- rated state-owned offtakers. Without any of t...
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