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  • U.S. Renewables Group is planning to raise a CNY2 billion ($293 million) fund for solar and waste-to-energy projects in China.
  • The U.S. Department of Energy has awarded $62 million to companies, including Abengoa Solar and eSolar, that are looking to build concentrated solar power projects.
  • Australia will invest A$652 million ($588 million) on a new Renewable Energy Future Fund as part of a clean energy initiative.
  • The U.K. Crown Estate has approved Scottish and Southern Energy and RWE npower Renewables’ 500 MW offshore wind project off the Suffolk coast.
  • Seth Keller and Boyd Nelson have left their positions as directors at boutique investment bank New Harbor to be the co-heads of the U.S. power and utilities investment banking at Scotia Capital in New York.
  • Bruno Mejean, NordLB’s head of structured finance origination in the Americas, will leave the company Friday after more than a decade.
  • El Paso has reached financial close on its $3 billion Ruby Express Pipeline, including syndicated debt of $1.5 billion that was nearly doubly over-subscribed.
  • Black Hills Power is selling a stake in its newly operational 100 MW coal-fired plant near Gillette, Wyo., to the local power district for $62 million.
  • China Longyuan Power Group intends to spend $13 billion on 16,000 MW of wind turbines in China and overseas by 2015.
  • Tokyo Electric Power Company bought an 18% stake in NRG Energy’s two proposed nuclear reactors southwest of Houston for $280 million.