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  • Brookfield Asset Management and Spanish development partner Isolux Corsan Concesiones have selected Banco Santander, Bank of Tokyo-Mitsubishi, Scotia Capital and Société Générale to lead a $400-500 million financing backing its transmission lines in West Texas.
  • Pricing on loans backing power project development is poised to fall toward 200 basis points over LIBOR this year, as lenders gain confidence in the project finance market and look to compete for mandates in a period of limited deal flow.
  • Developer Davenport Power is looking for up to $30 million in equity investment to fund development of its Newberry project in Bend, Ore.
  • Calpine is in the market with a $1.3 billion term loan that will refinance debt associated with its purchase of Conectiv Energy last year.
  • AES is looking to divest four coal-fired plants totaling 1.169 GW under subsidiary Eastern Energy in upstate New York.
  • Some of the U.S.’ most potent geothermal resources rest in Northern Nevada, which probably explains why the U.S. Department of Energy awarded a $995,000 grant to develop and operate the National Geothermal Academy at the University of Nevada, Reno.
  • Wind Capital Group is targeting the second quarter to wrap a financing backing a U.S. wind project.
  • DPL Energy Resources of Ohio has bought MC Squared Energy Services, a Chicago-based retail power company.
  • Martin O’Malley, Maryland’s governor, is lobbying state lawmakers to back his plan to launch an offshore wind industry in the state, contending it would cost residents $1.44 monthly.
  • Premier Renewable Energy of Victoria, British Columbia, has bought five wind projects generating a combined 50 MW in Ontario from Ottawa-based developer Wind Works Power.