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  • Duke Energy Carolinas is selling $450 million first mortgage bonds to fund costs associated with its ongoing generation construction program in North Carolina.
  • NZX, operator of New Zealand's stock exchange, is considering its plan to offer power derivatives after major generator EnergyHedge formed a trading venture with Australia's stock exchange ASX.
  • Japan-based Itochu Corp. and and General Electric Co. have agreed to partner to expand two GE-led wind farms in the U.S. and look to invest in renewable energy projects worldwide.
  • AES Solar Energy, a joint venture between AES Corp. and Riverstone Holdings, has closed on a $31 million long-term, non-recourse financing for the construction of the 8 MW Torchiarolo solar PV project in Puglia, Italy.
  • Petaluma, Calif.-based Enphase Energy, which makes microinverters for solar panels, has raised $63 million in a fifth-round of financing.
  • Several companies, including Santa Cruz, Calif.-based Joby Energy and Moffett Field, Calif.-based Magenn Power, are developing airborne wind turbines to generate power.
  • President Obama vowed yesterday to act quickly on climate change legislation, using the Gulf oil spill as an opportunity to sway opponents to his side.
  • The University of Michigan at Ann Arbor will receive up to $8.5 million over five years to work on nuclear research and development.
  • Brookfield Asset Management, a Toronto-based renewables asset manager, has approached at least two European project finance banks about financing a greenfield transmission line in Texas.
  • Capital Power, an independent power producer in Edmonton, Canada, is targeting acquisitions of natural gas generation assets in the American northeast and west.