29 September '10
4:02 PM UTC
No Comments
  Geothermal

Terra-Gen Closes $286M Leaseback

Terra-Gen Power has closed a $286 million leaseback financing supporting its 67 megawatts Dixie Valley geothermal power plant in Churchill County, Nev. The facility is backed by a long-term power purchase agreement with Southern California Edison. Read More »

23 July '10
5:13 PM UTC
No Comments
  Wind

How Did Renewable Energy Company Terra-Gen Raise $1.2 Billion?

Earlier today we spoke to , a partner at Chadbourne & Parke, in New York. Katz counseled Terra-Gen Power on its landmark $1.2 billion financing supporting the construction of 570-megawatt of wind power at Terra-Gen’s Alta Wind Energy Center in Kern County, Calif.

Citi, which led the financing, was advised by New York law firm Simpson Thacher. Read More »

30 October '09
2:20 PM UTC
No Comments
  Solar

Global Infrastructure Partners Enters Clean Energy Space with Terra-Gen Investment

Global Infrastructure Partners (GIP), the infrastructure fund headed by Adebayo Ogunlesi, a former vice chairman of Credit Suisse’s investment banking arm,  has reached an agreement to acquire a 40 percent convertible preferred interest in New York-based Terra-Gen Power from private equity fund ArcLight Capital Partners.  The deal is GIP’s first cleantech investment.

Terra-Gen owns or operates geothermal, wind and solar projects in the U.S., that combine, generate some 800 megawatts of electricity. It’s also has 5,000 megawatts of clean power projects under development.

“In Terra-Gen, we have a solid portfolio of operating renewable projects combined with a unique growth platform that includes each of the three most attractive clean energy technologies, ” said Jonathan Bram, the GIP partner leading the transaction, in a prepared statement.

Terms of the deal were not disclosed. Credit Suisse advised GIP.

ArcLight is also reportedly shopping around a portfolio of five wind farms in Europe, according to industry Website . We’ve contacted ArcLight and will post with any update.