Utilities, Power & Renewables

KeyBanc Capital Markets® is a premier provider of investment banking services to the electric power sector, working with investor-owned utilities, electric cooperatives and independent power producers. We work with some of the country’s major power companies including Duke Energy, East Kentucky Power Cooperative and FirstEnergy.

$82 billion+ raised for utilities, renewables, clean tech

In addition to a focusing on conventional power generation, we are a premier provider of capital and advisory services to the renewable energy sector, serving companies such as EverPower, First Wind and Terra-Gen Power. We have financed more than 4,000 megawatts of renewable power generation in the U.S. since 2008. We also provide services to clean technology firms in the smart grid, energy management and pollution control sectors.

We have helped our utility and power clients raise more than $82 billion in debt and equity financing, while assisting in nearly $3 billion in M&A transactions.

KeyBanc Capital Markets is a premier provider of investment banking services to the electric power sector. Some of our recent successes can be found here (PDF), and include:

  • EverPower: Acquisition of Alta VI Wind Farm from Terra-Gen Power, buy-side advisor
  • NorthWestern Energy: $150 million private placement of first mortgage bonds, joint lead placement agent
  • Pepco: $200 million first mortgage bonds, joint bookrunner
  • Terra-Gen Power: $650 million senior credit facilities for Alta Wind VII & IX, joint lead arranger

The KeyBanc Capital Markets Utilities, Energy, and Renewables group has structured financing for a wide variety of companies with varying needs. Specific focus sectors include:

  • Advanced lighting
  • Biomass power
  • Electric cooperatives
  • Energy storage
  • Hydroelectric power
  • Investor owned utilities
  • Pollution control
  • Resource management technology
  • Smart grid and energy management technology
  • Solar power producers
  • Wind power producers

KeyBanc Capital Markets' energy and renewables experts have been featured recently in a number of publications including: