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  • An undisclosed partnership of developers is talking to lenders and equity investors for $400-500 million in financing backing three wind projects and a biomass facility in the Pacific Northwest.
  • Scottish and Southern Energy is applying for GBP400 million ($661.34 million) in loans from the European Investment Bank to support the construction, commissioning and operation of six onshore wind farms in Scotland.
  • Jeff McDermott, former joint global head of investment banking at UBS, has created financial advisory firm Greentech Capital Advisors to help companies exclusively in the alternative energy and power space.
  • Joint lead arrangers Bank of Tokyo Mitsubishi-UFJ and WestLB are aiming to launch financing for American Renewables joint venture partners' 100 MW Nacogdoches biomass project in the third quarter.
  • Debut developers are flocking to Southern Co. subsidiary Georgia Power's call for 80,000 MWh of renewable power.
  • InterGen is planning to expand its 860 MW gas-fired Spalding Energy facility north of Spalding in Lincolnshire, England. Boutique outfit Consilium is financial advisor for the project.
  • While grill masters are far from developing carbon capture and storage for an Independence Day celebration, some manufacturers are bringing the renewables trend to backyards with solar-powered barbeques.
  • GenConn, a joint venture between NRG Energy and United Illuminating, was preparing to hand out a mandate to lead financing for its $200 million, 200 MW peaker in Middletown, Conn.
  • --Greg Jenner, tax partner with law firm Stoel Rives in Minneapolis, on whether the U.S. Treasury will allow the use of blocker corporations so tax-exempt investors can take advantage of stimulus package money.
  • Allegheny Energy Supply has tapped the tax-exempt market to issue $235 million in unsecured tax-exempt facilities revenue bonds.