HASI

HASI Announces First Quarter 2024 Results, Establishes $2b Strategic Partnership with KKR

Retrieved on: 
Tuesday, May 7, 2024
Environment, Finance, Banking, Professional Services, Alternative Energy, Green Technology, Energy, Socially Responsible Investing, Asset Management, Sale, Rotation, Investment, GAAP, Growth, HASI, Comparison, Bank

Interest expense increased $25 million primarily due to a larger average outstanding debt balance and a higher average interest rate.

Key Points: 
  • Interest expense increased $25 million primarily due to a larger average outstanding debt balance and a higher average interest rate.
  • We recorded a $2 million provision for loss on receivables and securitization assets as a result of loans and loan commitments made during the quarter.
  • GAAP net income (loss) to controlling shareholders in the first quarter of 2024 was $123 million, compared to $24 million in the same period in 2023.
  • The calculation of our fixed-rate debt and leverage ratios as of March 31, 2024 and December 31, 2023 are shown in the table below:

HASI and KKR Establish $2 Billion Strategic Partnership to Invest in Sustainable Infrastructure Projects

Retrieved on: 
Tuesday, May 7, 2024
Environment, Climate Change, Finance, Environmental Health, Professional Services, Alternative Energy, Sustainability, Energy, Asset Management, Climate change, State, Lazard, Investment, Natural gas, Partnership, Water, Carbon, Growth, Morgan Stanley, Bloomberg L.P., KKR, Global warming potential, HASI, Climate, Renewable energy

These investments will be consistent with HASI’s existing investment strategy which is focused on behind-the-meter, grid-connected, renewable natural gas and transport projects.

Key Points: 
  • These investments will be consistent with HASI’s existing investment strategy which is focused on behind-the-meter, grid-connected, renewable natural gas and transport projects.
  • At close, CCH1 will be seeded with assets representing approximately 10% of the up to $2 billion total committed amounts.
  • “We look forward to working together to advance projects in the sustainable infrastructure space and accelerate the energy transition.”
    With over 15 years of experience in infrastructure investing, KKR has invested more than $15 billion in renewable energy and climate-related investments from its infrastructure platform alone.
  • Morgan Stanley & Co. LLC acted as the financial advisor for KKR, and Lazard acted as financial advisor for HASI.

HASI Announces First Quarter 2024 Earnings Release Date and Conference Call

Retrieved on: 
Wednesday, April 24, 2024
Professional Services, Environment, Sustainability, Alternative Energy, Energy, Finance, Asset Management, The Company, HASI, Eastern Time Zone, Online shopping

Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced that the Company will release its first quarter 2024 results after market close on Tuesday, May 7, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time).

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced that the Company will release its first quarter 2024 results after market close on Tuesday, May 7, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time).
  • The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll).
  • Participants should inform the operator you want to be joined to the HASI call.
  • The conference call will also be accessible as an audio webcast with slides on our website.

HASI Extends and Upsizes Bank Facilities to $1.625 Billion, Further Strengthening Diversified Funding Platform

Retrieved on: 
Wednesday, April 17, 2024
Utilities, Environment, Finance, Alternative Energy, Energy, Banking, Climate Change, Professional Services, CP, Climate change, Investment, Policy, Water, Carbon, J. P. Morgan, Line of credit, BofA Securities, Global warming potential, The Company, HASI

The applicable margins remain unchanged for all three bank facilities at 187.5 bps for the revolving line of credit, 212.5 bps for term loan A, and 140 bps for the green CP program.

Key Points: 
  • The applicable margins remain unchanged for all three bank facilities at 187.5 bps for the revolving line of credit, 212.5 bps for term loan A, and 140 bps for the green CP program.
  • Each facility provides for interest rate reductions if HASI achieves certain levels of its CarbonCount metric on an annual basis.
  • The CarbonCount Green CP Program was the first fully green commercial paper program in the United States when launched in 2021.
  • “The upsize and term extension of our credit facilities simultaneously addresses a majority of our 2025 maturities and enhances the flexibility of our diversified funding platform,” said Marc Pangburn, Chief Financial Officer, HASI.

SunPower Secures More Than $300M in Project Financing Commitments for Industry-Leading Residential Solar and Storage Lease Programs

Retrieved on: 
Friday, February 23, 2024
Sustainability, ATLAS, APO, SunPower, HASI, Renewable energy

RICHMOND, Calif., Feb. 23, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that it has secured over $300 million in project financing commitments from funds managed by Apollo (NYSE: APO) (the "Apollo Funds"), ATLAS SP Partners, ("ATLAS SP") and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) ("HASI") for its residential solar and storage lease programs, which will be paid upon installation. The transaction supports SunPower's ability to offer a variety of attractive financing options to its customers, advancing its mission to change the way our world is powered.

Key Points: 
  • "SunPower's financing agnostic model is a differentiator in the industry and gives customers the ability to choose the best financing product for their needs," said Peter Faricy, SunPower CEO.
  • This includes amendments to its existing first lien financing and a second lien term loan from Sol Holding LLC.
  • Since 2010, SunPower has provided solar lease financing options to customers through its network of residential solar dealers across the U.S., new home builders where the company holds a market-leading position and direct sales teams.
  • SunPower lease contracts made up 73% of SunPower Financial originated volume in the fourth quarter of 2023 compared to 26% in the fourth quarter of 2022.

HASI Announces Fourth Quarter and Full Year 2023 Results, Dividend Increase, Record Closings, and New Three-Year Guidance

Retrieved on: 
Thursday, February 15, 2024
Construction & Property, Environment, Finance, Alternative Energy, Environmental, Social and Governance (ESG), Energy, Professional Services, REIT, Investment, Carbon, HASI, GAAP, Real estate investing, Real estate investment trust, EPS

Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today reported results for the fourth quarter and full year of 2023.

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today reported results for the fourth quarter and full year of 2023.
  • Our Board of Director’s decision was made after careful consideration of all relevant implications and is not expected to have any material impact on the Company’s business or operations.
  • The Company expects its existing net operating losses ("NOLs") and other tax attributes will enable HASI to continue to operate in a tax efficient manner.
  • "Our updated earnings and dividend guidance demonstrates continued confidence in our strategy over the next three years."

Arevon and Blackstone Credit & Insurance Close $350 Million Preferred Equity, Debt, and ITC Transfer Financing for Condor Energy Storage Project

Retrieved on: 
Tuesday, February 13, 2024
Engineering, Project finance, Blackstone Credit, Senior, EVP, Climate, Stifel, Winston & Strawn, CoBank, Bank, Condor, Andrew Downey Orrick, HASI, ACB, Sumitomo Mitsui Banking Corporation, Collateral, Partner, EPC, BNY Mellon, Partnership, Renewable energy

NEW YORK and SCOTTSDALE, Ariz., Feb. 13, 2024 /PRNewswire/ -- Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, together with Blackstone Credit & Insurance (BXCI), today announced a successful financial close for the 200 megawatt/800 megawatt-hour Condor Energy Storage Project (Condor) currently under construction in Grand Terrace, California.

Key Points: 
  • The project will be capable of providing firming capacity, enhancing grid reliability and stability alongside increased adoption of renewable energy resources.
  • Blackstone's preferred equity investment in Condor is structured to simplify the monetization of tax credits, eliminating the need for traditional tax equity financing.
  • Zachary Rubenstein, Managing Director in the Blackstone Credit & Insurance Sustainable Resources Group, commented "Arevon is a world-class renewable energy company, and we are excited to be their partner on the Condor financing.
  • Arevon secured real estate financing from climate investment firm HASI related to the Condor Energy Storage Project land.

HASI Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call

Retrieved on: 
Friday, February 2, 2024
Sustainability, Environment, Finance, Alternative Energy, Energy, Asset Management, Socially Responsible Investing, Professional Services, The Company, Eastern Time Zone, HASI, Online shopping

The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll).

Key Points: 
  • The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll).
  • Participants should inform the operator you want to be joined to the HASI call.
  • The conference call will also be accessible as an audio webcast with slides on our website.
  • Financial and other material information regarding HASI is routinely posted on the Company's website and is readily accessible.

LeddarTech's Board of Directors Appoints Sylvie Veilleux and Lizabeth Ardisana

Retrieved on: 
Monday, January 29, 2024
ASG, BEN, Franklin Templeton Investments, Compensation, Prezi, CIO, Committee, Ardisana, Woman, ADAS, AAPL, Ford Motor Company, CRM, IPO, HASI, Kettering University, Mozilla, Marketing, PDW, Grand Canyon Conservancy, Audit committee, Chairperson, Management

QUEBEC CITY, Jan. 29, 2024 /PRNewswire/ - LeddarTech ® (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately.

Key Points: 
  • QUEBEC CITY, Jan. 29, 2024 /PRNewswire/ - LeddarTech ® (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately.
  • "We are pleased to welcome Sylvie and Liz to our board," said Mr. Derek Aberle, Chair of the Board.
  • Ms. Sylvie Veilleux is a strategic global technology leader and former CIO with over three decades of experience, holding top management positions at fast-growing technology firms.
  • Ms. Ardisana is also an influential figure in the Michigan and Hispanic Communities, actively contributing as a business and civic leader.

LeddarTech's Board of Directors Appoints Sylvie Veilleux and Lizabeth Ardisana

Retrieved on: 
Monday, January 29, 2024
ASG, BEN, Franklin Templeton Investments, Compensation, Prezi, CIO, Committee, Ardisana, Woman, ADAS, AAPL, Ford Motor Company, CRM, IPO, HASI, Kettering University, Mozilla, Marketing, PDW, Grand Canyon Conservancy, Audit committee, Chairperson, Management

QUEBEC CITY, Jan. 30, 2024 /PRNewswire/ -- LeddarTech ® (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately.

Key Points: 
  • QUEBEC CITY, Jan. 30, 2024 /PRNewswire/ -- LeddarTech ® (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately.
  • "We are pleased to welcome Sylvie and Liz to our board," said Mr. Derek Aberle, Chair of the Board.
  • Ms. Sylvie Veilleux is a strategic global technology leader and former CIO with over three decades of experience, holding top management positions at fast-growing technology firms.
  • Ms. Ardisana is also an influential figure in the Michigan and Hispanic Communities, actively contributing as a business and civic leader.