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  • Ormat Technologies has received roughly $12 million of $340 million in federal geothermal grants to test aerial imaging technologies in Oregon and Hawaii.
  • The bipartisan Governors’ Wind Energy Coalition is lobbying leaders of the U.S. Senate to pass a national renewable energy standard.
  • West Texas lacks sufficient transmission lines to the state’s big cities to the east for its surging wind portfolio.
  • Ram Power has hired John O’Neill as cfo, replacing Paul Zavesov, who will shift to a senior role in business development.
  • First Wind has landed a refinancing backing its 125 MW Cohocton farm in Steuben County, N.Y., which uses Clipper Liberty wind turbines.
  • Mirant and RRI Energy are seeking a $500 million term loan and a $1 billion revolver to finance their merger into GenOn Energy.
  • Industry Current is a new feature, wrtten by industry professionals, that highlights and clarifies key issues in the power sector. Power Finance & Risk will run the feature periodically. The first Industry Current focuses on feed-in tariffs, which are widely regarded as a key component of European renewables generation economics. As they appear on the radar of U.S. states, some legal hurdles need to be cleared.
  • American Transmission Co. is planning to spend $3.4 billion on new projects and upgrades over the next 10 years, including regional projects.
  • Blackstone Group’s $542.7 million purchase of Dynegy has been approved by the U.S. Department of Justice and the Federal Trade Commission.
  • GDF Suez sold its 5% stake in Gas Natural for EUR540 million ($687 million).