sPower closes bond deal for 565 MW of wind & solar

By Michelle Froese sPower, a renewable energy Independent Power Producer, recently closed a $421.4 million private placement financing on a portfolio of approximately 565 MW of utility-scale wind and solar assets. The financed portfolio represents approximately 44% of sPower’s 1.3 GW operating portfolio. In December 2017, the transaction was awarded 2017 “Deal of the Year” by Project Finance International for its Americas renewable energy category.
The financed portfolio represents approximately 44% of sPower’s 1.3 GW operating portfolio.
“We are obviously thrilled with the recognition of ‘Deal of the Year.’ This was our inaugural institutional bond market transaction and was very complex given the nine underlying

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