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  • Invenergy is reportedly considering a club financing for its $220 million, 111 MW expansion to the 99 MW Grand Ridge wind farm in LaSalle County, Ill.
  • Algonquin Power Income Fund and Emera have decided to enter a new market and combine operational experience with the purchase of California electric distribution and generation assets from NV Energy.
  • Mitsubishi subsidiary Diamond Generating is looking to acquire wind projects in the U.S. or form a partnership with a developer for assets slated for operation within a year.
  • Established Spanish renewables developer Grupo Ibereólica is hunting for a partner with knowledge of the U.S. market as it seeks to expand into North America.
  • San Diego-based Spinnaker Energy is planning to approach the project finance market to fund a $500-$800 million 106.8 MW solar and biomass hybrid project.
  • JPMorgan is looking to wrap up the sale of Atmos Energy's Greenfield Fort Necessity Gas Storage Facility before the summer.
  • JPMorgan is looking to wrap up the sale of Atmos Energy’s Greenfield Fort Necessity Gas Storage Facility before the summer.
  • Toronto-based Schneider Power is finalizing the purchase of a 50 MW wind project in Ontario next week. “We’ve got money in the bank and we have existing shareholders that are willing to finance these [purchases],” says Thomas Schneider, founder and president. He declined to identify details of the sale.
  • At least four banks are in the running to back Sithe Global’s 800 MW Southdown Station in Mississauga, Ontario. Bank of Tokyo Mitsubishi, Royal Bank of Scotland, Société Générale and Toronto-Dominion are all reportedly vying to lead the roughly C$1 billion ($830 million) financing.
  • Consolidated Edison is expected to release a request for proposals for solar generation totaling 12 MW in a few months. The New York-based utility is waiting on approval from the New York Public Service Commission.