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.

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, NRG, Pattern, and SunEdison. We have financed more than 9,000 megawatts of renewable power generation in the U.S. since 2008.

We have helped our utility and power clients raise more than $82 billion in debt and equity financing, while assisting in over $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:

  • KeyBanc Capital Markets acted as Joint Lead Arranger on $297 million senior secured credit facilities for Deepwater Wind’s 30 MW Block Island Wind Farm.
  • KeyBanc Capital Markets successfully advised First Wind on the sale of a 255 MW wind portfolio to institutional investors.
  • KeyBanc Capital Markets acted as Joint Bookrunner on a $1.2 billion senior notes offering for Wisconsin Energy Corporation.
  • KeyBanc Capital Markets acted as Sole Placement Agent on a $200 million private placement of first mortgage bonds for Potomac Edison, a FirstEnergy Company.

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:

  • Project Finance International Yearbook 2015 - Andrew Redinger was quoted in this annual publication, for the article, "Yieldcos Reprice Renewable Equity. "Demand for cashflows generated by renewable energy assets is accelerating the evolution of the yieldco sector.” Andrew explained, "This asset class has become much better understood by investors over the past 12 months and we are seeing increased receptiveness translate into a packed IPO pipeline for next year."