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  • National Grid officials are contending that its 15-year, $2.7 billion offtake contract for Cape Wind Associates’ farm off the shores of Massachusetts is the best way to comply with state laws mandating increased use of renewables sources.
  • China has surpassed the U.S. as the most attractive country for renewables projects, according to second-quarter data compiled by Ernst & Young.
  • SunPower Corp. will receive a $1.875 million grant from California to determine whether the combination of solar panels and energy storage is more economical than either technology alone.
  • Gamesa Corporacion Tecnologica is planning to build a factory in Brazil to accommodate the 129 turbines it is providing for nine Iberdrola wind parks in the country by 2012.
  • Banco Santander, Banesto, China Investment Corp., Helaba and Lloyds TSB are among the banks taking tickets in a $400 million loan backing enXco’s 201 MW Lakefield wind farm, a deal watcher says.
  • National Grid is shopping its New Hampshire power utility Granite State Electric Co. and gas distribution utility National Grid NH.
  • Enbridge has taken a 20%, $23.8 million stake in U.S. Geothermal’s 35 MW Neal Hot Springs project in Oregon.
  • MetLife has become an equity partner in Pattern Energy Group’s 283 MW Gulf Wind farm in Kenedy County, Texas.
  • The U.S. Congress won’t pass climate change legislation this year that includes a cap-and-trade, says Sen. Harry Reid.
  • A Korea Electric Power Corp.-led consortium has received a 25-year PPA worth $230 million from the Mexican government for a power plant that will be online in May 2013.