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  • Scotland To Overtake RES Target
    Scotland is poised to obtain 80% of its electricity from renewables sources within 10 years, 30% more than its target, according to an independent analysis by Scottish Renewables.
    September 23, 2010
  • NordLB Bankers Fire Up Advisory Shop
    Bulent Osma and Kunal Moudgil, former senior director and analyst at NordLB, have left the bank earlier this month to start up project finance advisory shop P50 Capital.
    September 23, 2010
  • Three Banks To Take Mirant Slices
    CoBank, ING and Mitsubishi UFJ Financial Group are taking commitments in a $630 million loan backing Mirant’s $700 million, 760 MW gas-fired Marsh Landing Generation Station near Antioch, Calif.
    September 23, 2010
  • Banks Circle BP Colo. Wind
    Banco Santander, Caja Madrid, ING and Société Générale are among banks participating in a roughly $400 million financing backing BP Wind Energy’s $500 million, 250.8 MW Cedar Creek II farm in Weld County, Colo., deal watchers say.
    September 23, 2010
  • Canadian Developer Hunts Growth Capital
    Tonbridge Power, a Canadian transmission developer, has launched a process with boutique investment bank Stephens aimed at evaluating ways to fund growth and development.
    September 23, 2010
  • Southern Co. Sub Scouts Debt Issue
    Alabama Power is considering issuing debt before year-end after parent company Southern Co. and sister company Georgia Power snagged record-low rates on bonds.
    September 22, 2010
  • Ft. Chicago Scoops Pristine For $314M
    Ft. Chicago Energy Partners has agreed to buy Pristine Power for $314 million, including a $195 million assumption of debt.
    September 22, 2010
  • Wind Developer Scouts Project Funding
    U.S. Wind Force is looking for financing for its $131 million Pinnacle wind project now that its secured power purchase agreements with the University of Maryland and a Maryland government agency.
    September 22, 2010
  • Iberdrola, BPA Test Power Balancing Plan
    Iberdrola Renewables is balancing its own wind resources in the U.S. Northwest by contracting back-up power to supply the Bonneville Power Administration at peak times.
    September 22, 2010
  • Vattenfall To Cut Costs, Weigh Asset Sales
    Vattenfall will consider selling some of its international and coal-fired assets as the Swedish government looks to reduce the state-owned utility’s carbon footprint and curb expenses.
    September 22, 2010
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