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  • California’s proposed renewable energy standard of 33% by 2020 will be shelved if voters approve a November ballot measure suspending the state’s global-warming law, according to the state Legislative Analyst’s Office.
  • The Port Authority of New York and New Jersey continues to pitch a 700 MW offshore wind farm in the Atlantic Ocean off Long Island as it pursues smaller wind projects.
  • Less than 20% of nuclear reactors proposed in the U.S. five years ago are active proposals, leaving just six projects in development.
  • A123 Systems is selling 44 MW worth of lithium-ion batteries to AES Energy Storage to regulate intermittent generation from solar and wind into the New York grid.
  • Lake Turkana Wind Power has yet to select lenders for its $719.42 million, 300 MW wind farm in Kenya, after receiving $1 billion in offers from banks.
  • Allied Irish Bank, Scotia Bank and Siemens Financial Services have snagged tickets in the $580 million deal backing Northland Power’s 265 MW combined-cycle plant in North Battleford, Saskatchewan.
  • GMR Infrastructure Ltd. is selling its 50% stake in InterGen.
  • First Solar is looking for financing to back its $3 billion, 550 MW Desert Sunlight project in Desert Center, Calif.
  • Hedge fund Stark Investments is looking to sell its 730 MW gas-fired Wolf’s Hollow plant.
  • Credit Suisse and Morgan Stanley have reportedly shelved the $335 million B loan backing a natural gas-fired project in Ontario.