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  • The California Public Utilities Commission approved Southern California Edison’s 20-year offtake agreement for 484 MW generated at two planned Solar Millennium plants in Blythe, Calif.
  • China Development Bank Corp. has loaned Yingli Green Energy Holding $5.3 billion to expand production of solar panels, potentially increasing the world’s solar wafer and cell capacity by 100%.
  • Germany’s upper house of parliament cut subsidies for roof-mounted solar facilities by 13% and subsidies on open-field sites by 12%, retroactive to July 1.
  • Solar developers Axio Power and SolarGen USA have launched separate campaigns to garner up to $400 million each in debt and equity financing for portfolios of solar photovoltaic in California and Ontario, respectively.
  • Generators hedging power could be looking for bigger, or more, credit facilities under a proposed derivative provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act.
  • --Tom Murray, managing director and global head of energy at WestLB in New York, on wrapping a financing backing a Macquarie Power Infrastructure Income Fund subsidiary's 20 MW photovoltaic plant in Ontario.
  • Banks submitted bids to lead $500 million in financing backing Hudson Transmission Partners' proposed eight-mile, 345 kV line connecting Ridgefield, N.J., to midtown Manhattan.
  • Hudson Clean Energy Partners is looking to sell its solar portfolio company Recurrent Energy.
  • Mirant and RRI Energy are planning to finance their merger into GenOn Energy through a $1.4 billion bond offering and a $500 million term loan, but the deal is expected to encounter resistance from investors.
  • The Maricopa County Board of Supervisors in Arizona approved Abengoa Solar’s proposed 280 MW solar plant near Gila Bend, Ariz.