Recurrent Energy, China Gasoline Exports, Partners Group: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

TERMINALS
China's Gasoline Exports Fall to 12-Year Lows - China's gasoline exports in February fell to their lowest level since August 2012, customs data showed on Tuesday, on lower refinery production and slimmer profit margins. While gasoline exports led the decline, falling 73% on the year to 200,000 metric tons (1.69 million barrels) in February, exports of diesel and aviation fuel also weakened, the data from the General Administration of Customs showed. For the January-February period, gasoline exports were at 700,000 tons, down 56% on the year. Diesel exports fell 42% on the year to 710,000 tons during the two months, and aviation fuel exports slipped 5% on the year to 2.67 million tons. (Reuters)

POWER
Recurrent Energy Obtains Financing for Texas Energy Storage Project - Recurrent Energy, a unit of Canadian Solar (NASDAQ:CSIQ) (Guelph, Ontario), said on Tuesday that it has obtained $183 million in project financing and tax equity to support its 100-megawatt Fort Duncan Storage project in Maverick County, Texas. Fort Duncan Storage, to be owned and operated by Recurrent Energy, is being built by Burns & McDonnell (Kansas City, Missouri) and is scheduled to be commercially operational by the summer of 2025. (Renewables Now)

Partners Group to Buy California Power Assets for $2.2 Billion - Swiss private equity firm Partners Group (Baar) will buy an energy asset management platform and certain gas-fired power plants in California from U.S.-based Avenue Capital Group (New York, New York) for $2.2 billion, the companies said on Tuesday. Under the deal, Partners Group will buy Middle River Power (Chicago, Illinois) and a 1.9-gigawatt portfolio of 11 natural gas power plants from a fund managed by Avenue. Middle River Power was formed in 2016 to operate and manage Avenue's investments in the power sector. (Reuters)

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Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).