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  • enXco and several of its peers are asking bankers to consider crafting leveraged lease structures for the financing wind farms—a first for wind generation.
  • Alliant Energy has put its subsidiary Industrial Energy Applications on the auction block. IEA, based in Cedar Rapids, Iowa, is an asset manager and provides power and steam to industrial and commercial customers.
  • NRG Energy and ArcLight Capital Partners have bought nine solar development projects in California and Arizona, ranging from 20 MW to 99 MW.
  • Florida Power & Light will ask the Manatee County Commission in Florida today to change the agricultural designation on about 2,500 acres of an existing oil and natural gas plant, allowing the company to build a 75 MW solar plant.
  • Solar start-up Solyndra has canceled a $300 million initial public offering, citing market uncertainties.
  • PG&E subsidiary Pacific Energy Capital II has created the largest single solar leasing pool—a $100 million tax equity fund—to finance solar installations by SunRun, a San Francisco-based start-up.
  • Europe intends to import solar generation from the Sahara within five years.
  • FPL Group subsidiary NextEra Energy Resources is talking to banks to finance its next round of wind projects.
  • Union Bank, a mainstay of power project finance, is expanding its syndications team into New York City.
  • Diversified Utility & Energy Trusts, or DUET Group, is selling its 29% stake in Duquesne Light Holdings, the Pittsburgh, Penn.-based utility holding company.