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  • Société Générale is considering participating in a financing backing at least $400 million of solar photovoltaic plants developed by Starwood Energy in Ontario.
  • Dexia Crédit Local has submitted a proposal to lead a financing backing NRG Energy’s $600 million, 550 MW El Segundo combined-cycle plant.
  • The auction of Brick Power's two natural gas-fired plants in New England is nearing the final round of bids, after a delay because of an operational issue at one of the facilities.
  • Morris Energy Group is looking to sell its 945 MW portfolio of natural gas-fired plants on the East Coast.
  • Olafur Grimsson
  • Government subsidies, tax equity investment and the address by the president of Iceland created the buzz at the Geothermal Energy Association's Geothermal Energy Finance Forum 2011. Bankers, investors, developers and regulators gathered at the Ritz Carlton Battery Park in New York for the event on Feb. 9. Senior Reporter Brian Eckhouse filed the following stories:
  • --Brian Harenza, senior v.p. of Hannon Armstrong in San Francisco, on GeoBanc, the company's joint venture with Islandsbanki subsidiary Glacier that will serve as a one-stop advisory shop for geothermal project development and finance.
  • Eastern Power had retained Morgan Stanley to arrange C$400 million ($379 million) financing for its 280 MW Greenfield South combined-cycle project in Ontario.
  • Vestas and the LEGO Group, yes, the maker of those irresistible blocks, have form an initiative aimed at kindling consumer interest in the wind industry.
  • Competitive Power Ventures has mandated Bank of Tokyo-Mitsubishi UFJ to lead a more than $400 million financing backing its 800 MW Sentinel gas-fired project in Riverside County, Calif.