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  • Geothermal Developer Locks In PPAs
    Ram Power has secured 20-year PPA’s for three 50 MW facilities in Imperial Valley, Calif. “The is where you have the greatest reserve,” says Hezy Ram, ceo of the Reno, Nev.-based company in New York this week for its initial public offering road show. “It’s the Saudi Arabia of geothermal.” The Imperial Valley is estimated to have a 22 GW resource. Ram declined to identify the Southern California utility offtaker.
    July 24, 2009
  • First Wind Wraps Financing
    First Wind has wrapped $191 million in financing with Alberta Investment Management and HSH Nordbank. A portion of the proceeds will go toward a 25.5 MW expansion of the 57 MW Stetson wind farm near Danforth, Maine, and other projects under development, says Leo De Bever, ceo of AIM in Edmonton, Canada, declining to elaborate.
    July 24, 2009
  • Lexicon To Start Up NY Utility Group
    London-based financial advisory Lexicon Partners is starting a North American utility and infrastructure unit in New York in September.
    July 23, 2009
  • Babcock Wind Farm Financing Secured
    Six banks have joined a roughly $200 million financing for a wind farm that was part of Babcock & Brown's development portfolio.
    July 23, 2009
  • Canadian Asset Manager To Juice Up Power Plays
    Alberta Investment Management, an investment firm that manages pension funds and endowments, is looking to make debt investments in the North American power sector.
    July 23, 2009
  • pfr-biomass.gif
    U.K. Developer Seeks Mega Biomass Funding
    MGT Power, a U.K-based developer, is looking to arrange financing for a GBP500 million ($822.54 million), 295 MW Tees Renewable Energy biomass plant in development in Teesport, England.
    July 23, 2009
  • N.D. Developer To Repower IPO
    Crownbutte Wind Power is picking up plans for an initial public offering, a move that, if successful, would signal the market is open again for wind players.
    July 23, 2009
  • Terra-Gen Pulls Back From B Loan
    Terra-Gen Power, an affiliate of Arclight Capital Partners, stepped back from the institutional loan market mid-July, pulling a planned $275 million term B loan.
    July 23, 2009
  • News In Brief
    Americas
    July 23, 2009
  • Canadian IPP Hunts French Assets
    Maxim Power is looking to buy cogeneration facilities in France after purchasing two peaking plants in the country via subsidiary Comax France.
    July 23, 2009
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