Mizuho Americas has been recognized by IJInvestor for its role in supporting our clients with financing and advisory solutions for energy and infrastructure projects.
“We are proud to be recognized by IJInvestor for our continuous work in leading complex transactions for our clients,” said Rahul D. Shah, Head of Project Finance, Mizuho Americas. “We work hard to exceed client expectations and are grateful that they chose to put their trust in us to finance and advise on these important infrastructure transactions.”
Mizuho was recognized in conjunction with our clients as follows:
Joint Venture Acquisition of the Year, Americas for our role as Financial Advisor, Initial Underwriter and Coordinating Lead Arranger, Syndication Agent, Depositary Agent and Interest Rate Hedge Provider in GIP’s acquisition of a 50% non-controlling interest in the 132-megawatt South Fork and 715-megawatt Revolution offshore wind projects from Eversource as a JV partner to Ørsted. The projects are located off the coast of New York and Rhode Island in one of the best offshore wind sites in North America and will provide renewable-fueled electricity to hundreds of thousands of residents in Connecticut and Rhode Island.
Power & Transmission Acquisition of the Year, North America for our role as Coordinating Lead Arranger, Bookrunner, Initial Underwriter and Swap Provider in the $442 million financing to support a joint venture between BlackRock and Capital Power in the acquisition financing of New Harquahala Generating Company, LLC, a 1,092-megawatt combined cycle natural gas-fired generation plant that supports the delivery of sustainable water and energy to Arizona residents.
Renewable Acquisition of the Year, North America for Mizuho’s role as Lead Left Arranger and Administrative Agent on the $1.1 billion acquisition financing of Brookfield’s $2.8 billion acquisition of Duke Energy Renewables, a 4-gigawatt utility scale operating portfolio of nearly 90 renewable energy projects with a 6-gigawatt development pipeline. The pipeline of projects is expected to begin commercial operations between 2023 and 2028. The acquisition immediately increased Brookfield’s renewable energy presence in North America and represents one of the largest renewable energy portfolio acquisitions to date. Mizuho structured the transaction as a bespoke financing solution so that as projects from the development pipeline reach operation they will move to the operating portfolio, further increasing its cash flow and diversity.
Renewable Energy Financing of the Year, Latin America for our role as Joint Lead Arranger and Joint Bookrunner on EnfraGen $1.04 billion renewable assets acquisition refinancing which allowed the company to refinance its existing portfolio and acquire hydroelectric, solar and wind assets in Panama and Costa Rica.
For more information on the awards visit: IJInvestor Awards 2024.