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  • Abengoa Solar and JGC, a Japan-based engineering company, are partnering to build two 50 MW solar plants in El Carpio, Spain, costing more than $637 million.
  • Congressional Democrats are considering restoring roughly $1.5 billion to the U.S. Department of Energy’s Section 1705 loan guarantee program before year-end.
  • Exelon will finance its $860 million entry into the wind development arena with its agreement to buy John Deere Renewables with senior unsecured bonds.
  • Iain Smedley has joined Barclays Capital as a managing director in the power, utilities and infrastructure group in the London office.
  • Noble Environmental Power is talking to lenders and investors about restructuring a $227 million turbine loan and paying down a $460 million non-recourse loan it recently defaulted on.
  • Electric utilities are looking to prefund capital expenditures and upcoming maturities with bond issues as peers have snagged record-low coupons in the past three weeks.
  • Royal Dutch Shell is considering taking on partners or equity investors in its wind development unit Shell WindEnergy.
  • The U.S. Environmental Protection Agency is planning to issue guidance this month to determine what power sources will be favored to reduce green house gas emissions going forward.
  • PPL has agreed to not raise base rates at Louisville Gas & Electric Co. and Kentucky Utilities until 2013 as part of its agreement to purchase the utilities from E.ON.
  • San Diego Gas & Electric has received approval from California regulators to build and own 26 MW of solar projects and to sign power purchase agreements for an additional 74 MW.