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  • Minneapolis-based Cargill Inc. has signed an agreement with Marubeni Corp., Japan’s fourth-largest trading company, to develop renewables, forestry and biomass projects in developing countries to generate carbon offset credits.
  • Sean O’Donnell, managing director at JPMorgan, left the firm last week. The reason for his departure could not be determined.
  • Mitsubishi UFJ Financial Group will launch a $100 million syndication backing Rollcast Energy’s Piedmont Green Power 50 MW biomass plant in Barnesville, Ga., next month.
  • Rahman D’Argenio, a director with First Reserve, has left to join Energy Capital Partners as a principal in October.
  • Hyundai Heavy Industries Co. has agreed to build two solar projects totaling $700 million with Matinee Energy.
  • NRG Energy is planning to offer $750 million in 10-year notes to help fund its $1.36 billion acquisition of power plants from Dynegy, which is being bought by Blackstone Group.
  • Energy Capital Partners has closed its $4.335 billion Energy Capital Partners II fund.
  • Two Chinese power producers are planning initial public offerings this year.
  • International Power teamed with Nareva, the power arm of Moroccan conglomerate ONA, to land a mandate to build a 200 MW wind project in Morocco.
  • Scotia Capital is looking to wrap a financing backing Brookfield Renewable Power’s roughly $322 million, 166 MW Comber Wind Project in Essex County, Ontario, next month, deal watchers say.