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GE, Plutonic Prep Dokie Funding
GE Energy Financial Services and Plutonic Power are in talks with Manulife Financial to provide C$200 million ($181.28 million) in debt to complete construction of the 300 MW Dokie Ridge wind project near Chetwynd, B.C.
June 11, 2009
News
Carlyle/Riverstone Closes In On Babcock Wind
Carlyle/Riverstone is reportedly set to close on a deal to buy the development portion of Babcock & Brown's wind assets.
June 11, 2009
News
RBS Reels In First Wind Commitments
Royal Bank of Scotland expects to receive commitments from roughly six banks totaling $40-60 million for retail syndication of the loan backing First Wind's 203 MW Milford Corridor project in Utah.
June 11, 2009
News
Geothermal Costs In Question On Cash Grant
The U.S. Department of Treasury is debating whether it will offer a 10% or 30% cash grant to fund the wellfield equipment portion of a geothermal project as part of the stimulus package under the American Recovery and Reinvestment Act.
June 11, 2009
News
Solar Co. To Seek Tax Equity
Tecta Solar, a solar generation developer, will be in the market this summer for roughly $10 to $20 million of tax equity for about $50 million worth of solar rooftop and freestanding projects.
June 11, 2009
News
"We would have normally increased our bank line, but we took advantage of this market. The capital markets are functioning really well, while the bank markets are still constrained."
--Nick Bijur, treasurer of Pacific Gas & Electric in San Francisco, on why it issued 364-day floating rate notes instead of asking banks for funding to cover power hedging costs.
June 11, 2009
News
Alternating Current: On The Boardwalk
Atlantic City is known for casinos and gambling, the boardwalk and Donald Trump.
June 11, 2009
News
News In Brief
Americas
June 11, 2009
News
AES Takes Bids On Oasis Portfolio
AES has taken bids on its Oasis portfolio in the Middle East.
June 11, 2009
News
One Year Ago In Power Finance & Risk
Pristine Power of Calgary was looking to project finance 70% of its 1.8 GW pipeline.
June 11, 2009
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