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  • Manulife Financial has landed a mandate to lead a financing backing Western Wind Energy’s roughly $120 million, 30 MW solar project in Yabucoa, Puerto Rico.
  • LongSol, a privately funded Madrid-based financial player, is in the market to buy about $50-$70 million of solar photovoltaic projects in North America this year, with the aim of amassing a 240 MW portfolio in the next four years.
  • Brookfield Renewable Power has acquired majority stakes in a pair of wind assets in British Columbia from Aeolis Wind Power.
  • The U.S. Department of Energy is preparing to launch a $27 million program that will work to bring the cost of solar generation down by 75% by 2020.
  • Actividades de Construccion y Servicios is considering dividing up its EUR4.6 billion ($6.26 billion) renewable asset portfolio after difficulties finding a buyer for the whole fleet.
  • Financing delays for wind projects last year created oversupply of turbines, bringing the price for turbines below EUR1 million ($1.4 million) per MW for the first time since 2005.
  • General Electric Co. will try to persuade a federal appeals court in Washington, D.C., Thursday to reverse a ruling that says Mitsubishi Heavy Industries’ is not infringing up on a GE patent for variable-speed wind turbines.
  • Michael Eckhart, president of the American Council on Renewable Energy, will join Citigroup in New York as managing director and head of environmental market strategies upon retirement from ACORE later this month.
  • EDF Energies Nouvelles and RES Canada are close to mandating four banks to lead a financing backing a nearly $700 million, 300 MW wind farm in Quebec.
  • Sociéte Générale has submitted a proposal to lead a financing backing Competitive Power Ventures’ $540 million, 850 MW simple-cycle Sentinel Energy Project in Riverside County, Calif.