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Startup financier and advisor Westerly Wind is planning to make investments in early stage wind projects which it thinks have been overlooked in the last few years as larger developers and utilities--the former acquirers--targeted shovel-ready projects to reduce development risk.
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Portland General Electric will be in the market for construction loans for crystalline photovoltaic projects it plans to build, Joe Barra, director of customer energy resources in Portland, Ore., says.
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Some bankers and developers say the rush to develop renewable projects and the resulting dearth of gas-fired projects will come back to bite the industry over the long term.
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Coram Energy has signed non-disclosure agreements with five undisclosed financial institutions looking at taking a tax equity stake or providing debt and equity for wind projects.
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Chemical giant DuPont is looking to develop renewable energy on a Brownfield site in Pompton Lakes, N.J., once the site has been cleaned up.
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Puget Sound Energy has refinanced debt that matured last month with $325 million 30-year notes that are temporarily secured by mortgages on its gas utility.
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Banks on a $985 million Kleen Energy Systems loan that funded construction on the 620 MW natural gas-fired project in Middletown, Conn., (PFR 2/8), have named Natixis to replace Goldman Sachs as administrative agent.
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Ormat Technologies has completed the acquisition of the Hot Sulphur Springs II geothermal project in Elko County, Nev. from Energy Investors Funds.
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First Wind received a $117 million loan guarantee from the U.S. Department of Energy for a project in Kahuku, Hawaii, that will include battery storage technology.
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Glenn Smith, v.p. for wind development, at Gamesa Energy USA, left the company Wednesday.