Private Equity

Oil Product Prices Predicted To Spike If Philadelphia Refinery Closes

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The planned closure of Sunoco’s Philadelphia refinery, which accounts for a quarter of the US East Coast’s capacity, looks set to constrain supplies of diesel, heating oil, and perhaps gasoline, while pushing prices higher.

The projected shutdown, due to take effect in July if no buyer is found, was highlighted by the Energy Information Administration in a February 27 report saying petroleum product markets in the Northeast could be “significantly impacted” if the closure goes ahead. Keep reading →

 /  Published March 1, 2012 at 3:30 PM

Connecticut Biomass Plant Clears Financing Hurdle

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A flagship Enova biomass power project in the Northeastern US has cleared a string of financial hurdles following an agreement between private equity giant The Carlyle Group and SAIC.

The 37.5MW Plainfield, Connecticut project will cost $225 million and will consume recycled wood materials, removing it from an industry debate over the use of fresh-cut biomass for power generation. Keep reading →

 /  Published January 10, 2012 at 6:00 AM

Asian Countries At Head Of Developing World Pack In Renewable Energy Shift

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Renewable energy’s future is now in the developing world, analysts at accounting giant Ernst & Young claim, as cost-conscious and indebted industrial economies focus on investments like smart grid that can slow demand and cut costs.

After a robust decade driven first by concerns about climate change and eventually-foiled expectations that a global price on greenhouse gas emissions would emerge followed by heavy central-government subsidies for renewable energy projects seen as promoting energy security and job growth, the renewable energy sector is moving into a “revolutionary” new phase, a new E&Y report indexing renewable energy country attractiveness says. Keep reading →

 /  Published January 4, 2012 at 7:00 AM

Shadow Banks Go Long Energy: AOL Energy Comment

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Hundreds of millions of dollars have been committed to solar and wind projects in recent weeks, and while the end of the year often brings with it a spate of deals to avoid upcoming changes in tax policy, this time the money is coming from a new and different source.

The rush of dealmaking in the final weeks of 2011 has been striking after a relatively slow year in fundraising for energy deals of any kind, but even more surprising have been the players: private equity firms and hedge funds. Keep reading →

 /  Published December 23, 2011 at 10:30 AM

Regular Returns From ‘Downstream’ Solar Attract Google, KKR

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It is the best of times and the worst of times for the solar energy business.

Using the language of the oil patch, Recurrent Energy CEO Arno Harris says that while the “upstream” part of solar – manufacturing solar panels – is suffering amid the cost compression and reduced appetite for technology risk represented by the failure of Solyndra and other solar firms in 2011; at the same time, the “downstream” part of solar – installations to generate power – are thriving. Keep reading →

 /  Published December 22, 2011 at 2:00 PM
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