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NEWS

February 2025​

Floating production, storage and offloading unit (FPSO) Amirante Tamandaré completed its continuous production test and is operating under charter to Petrobras. FPSO Amirante Tamandaré is the largest oil producing unit in Brazil, with a capacity of 225,000 barrels of oil and 12 million cubic meters of gas per day.​
 

Greengate advised a consortium of four export credit agencies financing the project.

February 2025
 

The Amiral petrochemical project, an expansion of the existing SATORP refinery, has been awarded Middle East & Africa Petrochemical Deal of the Year for 2024 by Project Finance International.

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Greengate advised three export credit agencies on the financing of this $11 billion project, sponsored by Saudi Aramco and TotalEnergies.

January 2025

Boring of the mile-long Parallel Thimble Shoal Tunnel, part of the Chesapeake Bay Bridge-Tunnel, was completed.

 

Greengate advised the US Department of Transportation TIFIA program on the financing of this project.

January 2025

The US Department of Energy closed on a $1.66 billion loan guarantee to finance construction of up to six facilities producing clean hydrogen using Plug Power's electrolyzer technology.

 

Greengate advised DOE on financing this project and will continue to support DOE in post-closing activities.

September 2024

Unit 4 of the Barakah nuclear power plant has entered commercial operation, marking full delivery of the plant.


Greengate served asfinancial 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 advised DOE on financing this project.

April 2024

Vogtle Unit 4 entered commercial operation, making Vogtle the largest nuclear powerplant in the United States.
 

Greengate advised the US Department of Energy on multiple loan guarantees in support of Vogtle Units 3 and 4.

January 2025

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.

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 Department of Transportation Build America Bureau closed a TIFIA loan for $501million 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.

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.

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.

495 Project NEXT

May 2023

495 Project NEXT was named the Proximo 2022 Deal of the Year for North American PPP financing.
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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 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. â€‹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.

November 2021

Unit 3 of the Barakah nuclear power plant in the United Arab Emirates has been completed.
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Greengate served as financial advisor to the export credit agencies financing this four-unit plant.

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.

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