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  • Bank of Tokyo-Mitsubishi, BBVA and Lloyds TSB are participating in a roughly $400 million financing backing BP Wind Energy’s Cedar Creek II wind farm.
  • BP Alternative Energy and Sempra Generation have wrapped a financing backing their $300-350 million, 199.5 MW Fowler Ridge II wind farm in Benton County, Ind.
  • Google and Good Energies, a renewables investment firm, have agreed to take 37.5% stakes in Maryland-based Trans-Elect’s proposed 350-mile line that will support offshore wind farms along the Atlantic coast.
  • Hedge funds tied to investors Carl Icahn and Douglas Hirsch have invested in Dynegy under the expectation that Blackstone will up its $4.7 billion bid for the company.
  • General Electric has signaled it will expand production of thin-film solar products, collaborating with Japan’s Showa Shell Sekiyu KK’s Solar Frontier unit.
  • California utilities are balking at a proposed feed-in tariff, arguing it would increase power bills for customers.
  • The Sierra Club is pushing Virginia lawmakers to adopt a 20% renewable energy standard by 2025 and to offer rebates or tax credits for investments in energy efficiency and renewables.
  • The Tennessee Valley Authority has launched a program to sign PPAs for 100 MW of renewable energy from projects up to 20 MW.
  • Constellation Energy has shelved its application for a federal loan guarantee to build its Calvert Cliffs nuclear project, citing high costs associated with the application process.
  • Low natural gas prices have pushed the value of Energy Future Holdings down $4 billion last quarter.