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"The thoroughness of the DOE's scrubbing of the deals is more than expected. It's a deeper review process, which taxpayers may welcome, but if you're trying to close a deal, it's not good news."
--Kenneth Hansen, partner at Chadbourne & Parke in Washington, D.C., on the U.S. Department of Energy's evaluation of deals submitted for loan guarantees under the Financial Institution Partnership Program.
June 17, 2010
News
Wal-Mart Challenges Cape Wind Deal
Wal-Mart is challenging an agreement between the developer of the proposed offshore Cape Wind farm in Massachusetts and offtaker National Grid over the cost of wind power purchased from the farm, in a complaint filed with the state.
June 17, 2010
News
Oil Spill Opens Window For Clean Energy Bill
Energy and environmental analysts say the best chance to pass a clean energy bill is this year, in the aftermath of the Gulf oil spill and with a Democratic majority in the U.S. Senate guaranteed through December.
June 17, 2010
News
California Candidate Pushes 20 GW Of Renewables
California gubernatorial candidate Jerry Brown proposes 20 GW in renewables by 2020, 12 GW of which would be small energy systems near cities.
June 17, 2010
News
New Jersey Eyes Offshore Incentives
The majority and minority leaders of the New Jersey Senate are sponsoring a bill that would extend renewables incentives to offshore wind projects, which would help developers secure financing.
June 17, 2010
News
Spain Veers From Solar Cuts
Spanish leaders are expected to back away from a plan to cut incentives to existing solar plants, says Rafael Benjumea, ceo of Fotowatio Renewable Futures.
June 17, 2010
News
Hudson Line Debt To Launch
Lead banks Royal Bank of Scotland and Société Générale are preparing to launch financing backing Hudson Transmission Partners $500 million transmission line late in the third quarter.
June 17, 2010
News
Helaba, UniCredit Wrap NextEra Loan
Helaba and UniCredit have closed a five-year, back-leveraged $78 million term loan backing NextEra Energy Resources 120 MW Ashtabula II and the 49.5 MW Milton II wind farms in North Dakota.
June 17, 2010
News
Canadian Geo. Co. Snags Debut FIPP Guarantee
U.S. Department of Energy has awarded the first loan guarantee under its Financial Institution Partnership Program to a $98.5 million facility for Nevada Geothermal Power.
June 17, 2010
News
Spanish Conglomerate Eyes Third Planet
Grupo ACS, a Spanish construction firm, is said to have entered into an exclusive contract to purchase Third Planet Windpower.
June 17, 2010
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