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News
Calif. PUC Approves Solar PPA
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.
July 09, 2010
News
China To Boost Solar Capacity
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%.
July 09, 2010
News
Germany Cuts Solar Subsidies
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.
July 09, 2010
News
Solar Shops Target $800M In Project Funds
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.
July 08, 2010
Reform Bill May Up IPP Liquidity Needs
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.
July 08, 2010
"Pricing is slightly ahead of wind deals... but from our perspective we are just as comfortable with solar as we are with wind."
--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.
July 08, 2010
One Year Ago In Power Finance & Risk
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.
July 08, 2010
News
Hudson Puts Solar Shop On the Block
Hudson Clean Energy Partners is looking to sell its solar portfolio company Recurrent Energy.
July 08, 2010
News
Mirant, RRI Plot Merger Financing
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.
July 08, 2010
News
Abengoa’s Snags 280 MW Solar Plant Approval
The Maricopa County Board of Supervisors in Arizona approved Abengoa Solar’s proposed 280 MW solar plant near Gila Bend, Ariz.
July 08, 2010
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