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  • Australia’s climate change minister says the government will maintain its target of 20% of the nation’s energy from renewables sources by 2020, about two months after Prime Minister Kevin Rudd scrapped a carbon-trading plan.
  • Senators Maria Cantwell and Susan Collins have introduced a bipartisan energy bill dubbed “cap and dividend” that would steer less than one-quarter of money from federal auctions of emissions allowances to a new trust fund for clean energy.
  • Renewables financing has halted in Italy, after the country’s energy regulator absolved the state-run energy management agency from serving as buyer of last resort for green certificates.
  • BP Alternative Energy is talking to potential partners for a $500 million, 250 MW project in Colorado.
  • Banks leading financing backing GE Energy and Caithness Energy’s $2 billion Shepherds Flat wind project are pushing commitments through their respective credit committees ahead of a wider deal launch set for later this quarter.
  • PPL is planning to sell north of 90 million shares and $1 billion of equity unit securities to fund a portion of its $6.7 billion acquisition of E.ON U.S.
  • Dow Jones & Co. has partnered with SunPower to install a 4.1 MW solar project at Dow Jones' corporate offices in New Jersey.
  • Senate Democrats are considering a bill that would attach greenhouse emission regulations only to power plants, scaling down an economy-wide reach as a way to secure 60 votes necessary to pass the climate change legislation.
  • Macquarie Capital Funds expects infrastructure investments to flow from new investors in developing countries as typical markets like North American pension funds have dried up.
  • General Electric is investing $72 million in a 333 MW natural gas plant in Mexico with Abengoa.