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NRG Energy and Toshiba are looking for an equity partner to stump up $300 million for their $10 billion, 2.7 GW South Texas nuclear project. Bank of America is advising.

Next month, the Department of Energy will begin soliciting applicants for renewable and transmission project loan guarantees under its 2005 and 2009 programs.

South Carolina Electric & Gas plans to expand its Jenkinsville nuclear plant regardless of what the Department of Energy may offer in loan terms.

Americas

Cobisa Corp. has not been able to move ahead with the development of its 1,750 MW natural gas-fired power plant located north of Dallas, because of trouble securing financing.

MD Departs Dutch Fund

LatAm Bankers Leave RBS

BNP Paribas and Helaba have reportedly joined the $1.1 billion financing backing Astoria Energy’s 500 MW natural-gas-fired plant in Queens, N.Y., with $75 million tickets, bringing total commitments up to roughly $1 billion. Officials at the banks either declined to comment or did not return calls.

Spinnaker Energy is in final negotiations with a roughly six-bank club for project financing the first $400 million, 174 MW phase of two wind farms in southern Texas. The company aims to finalize a term sheet by this month, says Doug Wert, ceo in San Diego. Wert declined specify the amount of debt and equity in the project.

Mainstream Renewable Power expects that its first U.S. wind generation purchase will position it to take advantage of expected carbon regulations since the projects sit amid a cluster coal-fired electricity generation. The Dublin firm announced today it closed last week on the purchase of three wind development projects in Illinois that feed into the PJM grid. “With coming carbon legislation, it represents a good value for renewable energy credits,” says Patrick Maguire, coo, of the U.S. unit. “[PJM] is heavy in terms of coal and would be a market impacted long term by carbon legislation.”