December 2024
The US Department of Energy closed on a $303.5 million loan guarantee to Eos Energy Enterprises to support expansion of Eos's industrial-scale, zinc-bromine battery energy storage system (BESS) manufacturing capacity to 8 GWh per year. Greengate served as financial advisor to DOE in connection with issuance of the loan guarantee and will continue to support DOE in post-closing activities.
October 2024
The US Department of Energy closed on a $162.4 million loan guarantee to LongPath Technologies to support deployment of an innovative laser spectrography system for real-time methane detection at oil and gas facilities. Greengate served as financial advisor to DOE in connection with issuance of the loan guarantee and continues to support DOE in various post-financial close activities.
September 2024
Unit 4 of the Barakah nuclear power plant has entered commercial operation, marking full delivery of the plant. Greengate served as financial advisor to the export credit agencies for this transaction.
May 2024
The US Department of Energy announced a conditional commitment for a loan guarantee of up to $1.66 billion to finance construction of up to six facilities producing clean hydrogen using Plug Power's electrolyzer technology. Greengate is advising DOE on financing this project.
April 2024
Vogtle Unit 4 entered commercial operation, making Vogtle the largest nuclear power plant in the United States. Greengate advised the US Department of Energy on multiple loan guarantees in support of Vogtle Units 3 and 4.
March 2024
The US Department of Energy announced a conditional commitment for a loan guarantee of up to $1.52 billion for the Holtec Palisades nuclear power plant. Greengate is advising DOE on financing this project, planned to be the first recommissioning of a shut-down nuclear reactor in the U.S.
January 2024
The US Department of Energy announced a conditional commitment for a loan guarantee of up to $189 million to LongPath Technologies to support fabrication and installation of real-time methane emissions monitoring. Greengate is advising DOE on financing the commercialization of this novel laser spectrography for methane detection.
November 2023
The US Environmental Protection Agency announced a $56 million WIFIA loan to the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians' Utility Authority, also known as the Gun Lake Tribal Utility Authority. This is the WIFIA program's first loan to a tribal borrower. Greengate advised the WIFIA Office on the financing of this project.
September 2023
The US Department of Energy closed on a $3 billion partial loan guarantee to Project Hestia, sponsored by Sunnova Energy Corporation. Hestia will be a virtual power plant (VPP) including approximately 568MW of solar PV generation with associated battery energy storage, located at 75,000-115,000 households across the United States, including Puerto Rico. Greengate advised DOE on this financing, which is DOE's first VPP project and first guarantee of an asset-backed securitization.
August 2023
The US Department of Energy announced a conditional commitment for a loan guarantee of up to $398.6 million to Eos Energy Enterprises. Eos is to construct up to four production lines for a next-generation utility and industrial-scale zinc-bromine battery energy storage system. Greengate is providing financial advisory services to DOE on this financing.
August 2023
The Department of Transportation Build America Bureau closed a TIFIA loan for $501 million in connection with the I-25 Express Lane Expansion in Colorado. The $1.6 billion project, sponsored by the Colorado Transportation Investment Office, will add 52 miles of express toll lanes in the I-25 corridor between Denver and Fort Collins. Greengate served as financial advisor to the Bureau.
July 2023
Vogtle Unit 3, the first newly constructed nuclear unit in the U.S. in 30 years, entered commercial operation. Greengate advised the US Department of Energy on multiple loan guarantees in support of this project.
June 2023
SBM Offshore signed a $1.615 billion project financing of the Alexandre de Gusmão floating production, storage and offloading unit, to operate in the Mero field of the Santos Basin, offshore Brazil. Greengate advised a consortium of three export credit agencies financing this transaction.
May 2023
495 Project NEXT was named the Proximo 2022 Deal of the Year for North American PPP financing. Greengate served as financial advisor to the Department of Transportation Build America Bureau, which provided a $1.05 billion TIFIA loan for this project.
April 2023
Vogtle Unit 3 generated power and connected to the grid for the first time. Greengate advised the US Department of Energy on mulitple loan guarantees in support of this project.
March 2023
SBM Offshore signed a $1.63 billion project financing of the Almirante Tamandaré floating production, storage and offloading unit, to operate in the Búzios field of the Santos Basin, offshore Brazil. Greengate advised a consortium of four export credit agencies financing this transaction.
March 2023
Vogtle Unit 3 achieved initial criticality, and Unit 4 began hot functional testing. Greengate advised the US Department of Energy on mulitple loan guarantees in support of this project.
February 2023
Unit 3 of the Barakah nuclear power plant in the United Arab Emirates has begun commercial operation, while Unit 4 has completed hot functional testing and is in the final stages of commissioning. Greengate served as financial advisor to the export credit agencies for this transaction.
April 2022
The Department of Transportation Build America Bureau closed a TIFIA loan for up to $1.76 billion in connection with the restructuring of the Purple Line Light Rail Transit Project in Maryland. The Purple Line will be a 16-mile light rail line directly connecting northern suburbs of Washington, DC, and providing links to existing Metrorail, commuter rail, and Amtrak lines. Greengate served as financial advisor to the Bureau.
March 2022
The Department of Transportation Build America Bureau closed a TIFIA loan for up to $1.05 billion to finance 495 Project NEXT and refinance the existing Capital Beltway Express, LLC TIFIA loan. 495 Project NEXT will extend four express lanes on I-495 by 2.5 miles in northern Virginia, as well as provide transit investments and new pedestrian and bicycle paths. Greengate served as financial advisor to the Bureau.
November 2021
Unit 3 of the Barakah nuclear power plant in the United Arab Emirates has been completed. Greengate served as financial advisor to the export credit agencies financing this four-unit plant.
April 2021
Unit 1 of the Barakah nuclear power plant in the United Arab Emirates has begun commercial operation, and fuel loading is complete for Unit 2. Greengate served as financial advisor to the export credit agencies for this transaction.
March 2021
Sadara Chemical Company has agreed with agency creditors and commercial lenders to restructure its debt. Greengate advised the agency creditor group, consisting of six export credit agencies (ECAs) and the Public Investment Fund of the Kingdom of Saudi Arabia (PIF), on the resutructuring. Sadara is a joint venture developed by Saudi Aramco and Dow, comprising the largest chemical complex ever built in a single phase, with 26 integrated world-scale manufacturing plants, over 3 million metric tons of capacity per year, and a total investment of about US$20 billion.
January 2021
Globeleq has acquired a 74% shareholding in CPGNL Limited, a Nigerian power business serving commercial and industrial customers from 12 operating plants. Greengate advised Globeleq on this investment.
December 2020
The Area 1 Mozambique LNG project has been awarded Global Multilateral Deal of the Year for 2020 by PFI. Greengate advised eight export credit agencies and a multilateral development institution on the financing of this $20+ billion project, the largest project financing ever in Africa.
October 2020
The Hampton Roads Sanitation District closed on the first tranche of a US EPA Water Infrastructure Finance and Innovation Act (WIFIA) loan in connection with the Sustainable Water Initiative for Tomorrow (SWIFT). Greengate advised the WIFIA Office on the financing of this project.
July 2020
Total announced the signing of a $14.9 billion senior debt financing agreement for the Mozambique LNG project. This is the largest project financing ever in Africa. Greengate advised eight export credit agencies and a multilateral development institution on the financing of this $20+ billion project.
May 2020
Greengate has been appointed as financial advisor to six export credit agencies (ECAs) and the Public Investment Fund of the Kingdom of Saudi Arabia (PIF) in connection with a proposed debt reprofiling for Sadara Chemical Company. Sadara is a joint venture developed by Saudi Aramco and Dow, comprising the largest chemical complex ever built in a single phase, with 26 integrated world-scale manufacturing plants, over 3 million metric tons of capacity per year, and a total investment of about US$20 billion.
February 2020
Fuel loading has begun at Unit 1 of the Barakah nuclear power plant in the United Arab Emirates. Greengate served as financial advisor to the export credit agencies for this transaction.
January 2020
PFI has selected RAPID as the 2019 Asia-Pacific Petrochemical Deal of the Year. Greengate advised the group of export credit agencies participating in the long-term financing for the project, consisting of multiple Asian and European agencies providing a mix of direct and covered loans.
December 2019
The Department of Transportation Build America Bureau closed a TIFIA loan for up to $501.5 million to support financing of the Complete 540 Project, an expansion of the existing Triangle Expressway toll road near Raleigh, North Carolina, sponsored by the North Carolina Turnpike Authority and the North Carolina Department of Transportation. Greengate served as financial advisor to the Bureau.
September 2019
Total announced the closing of the acquisition of Anadarko's 26.5% interest in the Mozambique LNG project. Greengate is advising export credit agencies and a multilateral development institution on the financing of this $20+ billion project.
June 2019
Anadarko and its co-developers took a Final Investment Decision on the $20+ billion Mozambique LNG project. Greengate is advising export credit agencies and a multilateral development institution on the project financing.
May 2019
Greengate LLC announces the opening of a London-based subsidiary to expand and complement its existing operations in Washington DC. The London office will be led by Brandon Bowen, who rejoins Greengate having worked previously at the firm from 2009–2014.
Christopher Dymond, Managing Director, commented “Our London operations will help us meet growing client demand as we continue to support major infrastructure transactions around the globe. We are pleased to welcome Brandon back to Greengate as we look forward to the firm’s continued growth”.
February 2019
OneWeb has launched the first six satellites for its global, broadband internet service. A constellation of 650 satellites is planned. Greengate is advising the full lender group to this project.
December 2018
Over the past several months, Greengate LLC has been appointed by the Build America Bureau (U.S. Department of Transportation) to provide financial advisory services in respect of three separate assignments: the Fredericksburg Extension (near Washington, DC), the Midtown Express Managed Lanes Project (near Dallas, Texas), and the Complete 540 Project (Raleigh, North Carolina).
December 2018
The Duqm refinery achieved financial close of $4.6 billion in project financed debt, the largest project financing in Oman. Greengate was ECA Coordinator on the financing for this project.
August 2018
SOCAR Turkey Aegean Refinery (STAR) has received its first cargo of crude oil for processing. The 10 million metric ton per year refinery is to begin full operations in the fourth quarter of 2018. Greengate advised a group of eight export credit agencies on financing this $6.3 billion project.
March 2018
Construction of the first unit of the Barakah nuclear power plant in the United Arab Emirates has completed. Operation is expected to begin in 2019. Greengate served as financial advisor to the export credit agencies for this transaction.
November 2017
Greengate is serving as financial advisor to the U.S. Environmental Protection Agency WIFIA Program Office in connection with a loan request from the Indiana Finance Authority to support funding of its Drinking Water and Wastewater State Revolving Funds.
June 2017
Greengate has been selected by the US EPA Water Infrastructure Finance and Innovation Act (WIFIA) office to serve as financial advisor. The WIFIA program provides development and implementation funding for clean water, wastewater, desalination, drought mitigation and other eligible projects.
February 2017
Greengate has been appointed ECA Coordinator on the financing for the Duqm refinery project in Oman.
January 2017
Greengate has been appointed financial advisor by the Build America Bureau to provide support in the evaluation and negotiation of a TIFIA loan commitment in respect of the I-395 Express Lane (tolled) managed lane project, sponsored by the Virginia Department of Transportation and to be implemented under a public private partnership by the selected concessionaire.
December 2016
Greengate has been appointed to advise the full lender group to OneWeb, which is planning to launch a constellation of satellites to provide global, low-latency, broadband internet connectivity.
November 2016
The U.S. Department of Transportation, acting through the Build America Bureau, has provided a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan commitment of $338.5 million to finance the construction of a new tunnel at Thimble Shoal Channel on Virginia's Chesapeake Bay Bridge-Tunnel. Greengate served as financial advisor to the Build America Bureau on this project.