Mizuho Spotlight

Mizuho recognized for funding essential energy projects in the Americas

January 2, 2024

Mizuho Americas is committed to delivering attractive and effective funding solutions in support of critical infrastructure projects serving the energy needs of millions of people. This year, two such transactions were honored with awards from IJ Investor. 

Mizuho acted as Mandated Lead Arranger on a $1.56 billion financing of TC Energy’s natural gas pipeline project spanning eastern, central, and westerns regions of Mexico that received Latin America Refinancing Deal of the Year. TC Energy is one of the first private pipeline developers in the Mexican Market with over 20 years of experience in constructing and operating pipeline assets in the country. Its commitment to executing its activities responsibly, reliably, and collaboratively position TC Energy to maintain a global focus on sustainability. 

In addition, Mizuho acted as Joint Lead Arranger, Joint Bookrunner, and Co-Syndication Agent on LS Power’s $850 million refinancing of Ravenswood Generating Station that was awarded North America Refinancing Deal of the Year. Ravenswood, the largest power plant in New York City with over 20% of the city’s generating capacity, is essential for providing grid reliability in New York City and is essential to the energy transition evolution.  

"Leveraging both our long-standing relationships with clients and our integrated advisory and financing capabilities has enabled Mizuho to increase our leadership across vital projects with idea-driven solutions across a variety of asset classes," said Paul McNutt, Head of Power, Energy & Infrastructure, Investment & Corporate Banking, Mizuho Americas. "We are proud to be among the industry leaders that are helping to modernize advancements towards the net-zero energy transition across North and Latin America," said Rahul Shah, Head of Project Finance, Investment & Corporate Banking, Mizuho Americas.

The awards recognize great infrastructure investments across the world as determined by IJ’s independent panel of judges. Selection criteria include companies, deals, and individuals who move the dial with the most exciting market developments of the year.

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