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Lightshift Energy, a developer, owner, and operator of energy storage projects, has partnered with Basis Climate to complete the sale of nearly $10 million of investment tax credits (ITCs) tied […] The post Lightshift Energy, Basis Climate Complete Sale of ITCs for BESS Projects appeared first on POWER Magazine.
Electric heavy-duty truck developer Windrose Technology has completed the second phase of its Series B financing, raising the total funding for this round to $110 million.
The company said in a media release it completed a $175 million JOLCO lease financing, which generated net proceeds of approximately $42 million, extending debt maturity to 2035 and reducing the cost of debt by 1.5 “We are pleased to have completed our first refinancing of 2025 at very attractive terms. percent per year.
imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion, Chinas Finance Ministry said in a statement. Oil prices, which had been climbing before China's announcement, dropped in response to the news.
The completion of the transaction is subject to customary regulatory approvals. Eni says that its so-called ‘satellite model’ of managing various divisions is based on creating separate entities that can independently access capital markets to finance their own growth and be suitable for specialized investors.
NYSE: NRGV) (Energy Vault or the Company), a leader in sustainable, grid-scale energy storage solutions, today announced the successful close of $28 million in project financing for its Calistoga Resiliency Center (CRC). The financing includes the completed sale of an Investment Tax Credit (ITC) associated with the CRC.
Today we continue our series on nuclear project financing. In this post we will discuss why it may be a desirable for customers to start making payments during the construction period rather than wait until a nuclear plant has been completed as is the more traditional approach to new plant financing.
NextDecade said it anticipates that owner’s costs, contingencies, financing fees and interest during construction will total approximately $1.8 For Train 5, NextDecade said it projects that owner’s costs, contingencies, financing fees and interest during construction will total about $1.8 billion to $2.0 billion to $2.0
a provider of hydrogen engines and fueling solutions enabling e-mobility, has completed the acquisitions of United Hydrogen Group Inc. Plug Power Inc., and Giner ELX.
(Yahoo Finance) –Chevron purchased about 4.99% of Hess Corp’s common shares this year, the oil giant said in a regulatory filing on Monday. Chevron said the stock purchase reflects its continuing confidence in completing the pending acquisition of Hess. shale footprint.
Financing a world scale Hydrogen Export project The key issues that will need to be addressed to make a green hydrogen export project bankable are the political, offtake, and completion risks.
Assess hybrid project economics in minutes with 20-year nodal forecasts and transparent market drivers, replacing custom models with dynamic, scenario-based forecasts to reduce risk and accelerate financing. With Enverus, customers don’t just pick a site, they pick the right site. Finding land is easy.
Credit Facility Concurrent with this acquisition, USEDC completed an increase in the borrowing base and commitments under its syndicated revolving credit facility led by Citibank, N.A. led the financing syndicate, with TCBI Securities, Inc., Increased Citibank, N.A. from $165 million to $300 million. Advisors Citibank, N.A.
All debentures issued to finance the Acquisition will be obligations of Entropy Inc. and are non-recourse to Advantage. “We are excited to expand Entropy’s footprint into Saskatchewan and strengthen our commitment to the carbon capture and sequestration business in Alberta ,” said Entropy CEO Sanjay Bishnoi.
The company's stock was briefly halted after the report, and then proceeded to have its second-sharpest rally since Core Scientific returned to the Nasdaq in January 2024 after completing a reorganization.
In addition to the primary Ahpun Topset target, Dubhe-1 will test three additional zones and may undergo a lateral completion and long-term flow test to confirm oil deliverability and gas quality. Pantheon says oil remains the key value driver, while associated gas could support financing through Alaska LNG Phase 1.
“This agreement will enable NextDecade to progress towards the FID of the project and notably to start its financing process. This SPA completes the commercial support we need for Rio Grande LNG Train 4, and we are now focused on progressing Train 4 toward a positive FID.” ” TotalEnergies holds a 16.7%
This kind of optimization benefits you not only by squeezing more out of each well, but it also allows you to make smarter decisions across the entire asset development plan, from spacing and stacking to timing and completion design. Operational Efficiency and Automation AI is also driving gains in operational efficiency through automation.
In a bid to regain investor confidence, Auchincloss, who was finance chief under Looney, in February announced BP would completely abandon the plan and renew its focus on oil and gas. A few months later BP started backtracking. The company pursued too much while looking to build new low carbon businesses.
Image by Alexyz3d via iStock The NATO Innovation Fund (NIF) said it had led a financing round with participation from Norwegian sovereign investment fund Investinor AS for Kongsberg Ferrotech AS, a Norwegian company offering robotic solutions for the maintenance and repair of offshore infrastructure including oil and gas facilities.
“This transaction underscores the strength of the Ares platform, which leverages experience across its diversified businesses, including asset-based finance and renewables infrastructure, to deliver flexible capital at scale”, Joel Holsinger, partner and co-head of Alternative Credit at Ares, said in a separate press release.
Image by Philipp Pelka via iStock DNO ASA said it has completed its acquisition of Sval Energi Group AS from HitecVision for cash consideration of $450 million based on an enterprise value of $1.6 DNO completed a private placement of $400 million of subordinated hybrid bonds with a coupon rate of 10.75
Operational expertise and increased scale drive meaningful synergies EOG expects to generate more than $150 million of synergies in the first year driven by lower capital, operating, and debt financing costs. A replay of the webcast will be available on EOGs website for one year. Advisors Goldman Sachs & Co.
With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world.
With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world.
Once the report is complete, the lender deposits the EEM loan into an escrow account. The SBA does not offer financing. 2. State energy efficiency financing loans: These are state-based initiatives that offer businesses loans at low-interest rates. This EEM loan initiative was financed by the municipality.
The average Chime customer completes more than 55 transactions per month using the Chime card and interacts with the app four to five times a day. Active member growth rose 23% in the first quarter from a year earlier, Britt said, with 8.6
GED classes are designed for people who have not completed high school. OC Global provides educational opportunities to anybody, anywhere, anytime, with fully accredited and completely online degree programs. Additional class sites and community partnerships are established as determined by needs and funding.
The information contained herein: (1) may not be copied or distributed; and (2) is not warranted to be accurate, complete or timely. The information contained herein: (1) may not be copied or distributed; and (2) is not warranted to be accurate, complete or timely. percent in open-ended funds and ETFs, according to Morningstar data.
Financing Overview Consideration for the transactions totals $105 million comprised of the following (and as described more fully in Flotek’s April 28, 2025 Form 8-K filing with the Securities and Exchange Commission): $17.6 million funded by offsetting $17.6 ProFrac Holding Corp. SOURCE Flotek Industries, Inc.
The partners also announced that development of the KM-250 project, which promises to boost capacity by a further 50%, has accelerated the expected completion to Q1 2026. The proceeds will be used to finance these near-term growth opportunities and for general corporate purposes.
The acquisition will be financed from existing liquidity including available credit facilities. The Company will set in place the optimal capital structure prior to completion.
The three officials said in the report March 24 that two factors account for expansion of production on federal lands greater well productivity and an increasing number of completions. New Mexicos legislative finance committee said aggregate tax receipts from oil and gas totaled about $11.3 billion for the state and $0.8
3) The IEA Relies on Unrealistic Energy Transition Financing The IEA assumes massive clean energy investments despite historical failures to meet even modest climate finance goals. Economic growth has always been linked to energy expansion, and there is no historical precedent for GDP growing without increased oil consumption.
Completing the design phase will provide a more accurate estimate of the projects actual costa crucial step in securing the necessary financing and achieving financial closure. This will pave the way for construction to begin in 2026, with commercial operations expected to launch thereafter, the Ministry stated on Thursday.
Application will be made to London Stock Exchange for admission of the Second Placing Shares to trading on AIM (“ Second Admission “), subject to, amongst other things, completion of the First Placing and the passing of the Resolutions. on 29 July 2025). (the
Yokoy’s core AI technology is a game-changer for finance departments, efficiently merging data and learning from company-specific patterns to automate reconciliation and prevent issues like double invoicing or VAT reconciliation in highly regulated and specific areas like Germany.
Funded entirely by Pennsylvanias impact tax on natural gas development, the Commonwealth Financing Authority (CFA) is awarding $16 million in grants to fund 148 new projects across the state, Governor Josh Shapiro recently announced. I thank the Commonwealth Financing Authority and state Sen. What Theyre Saying Senator Anthony H.
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