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AORA, an Israel-based solar developer, is looking for strategic partners in the U.S., Europe and Asia. The company is seeking partners with a clear understanding of energy markets in their respective regions and experience in engineering large-scale solar projects, says Yuval Susskind, operations manager in Yavne.

Bart Chilton, a commissioner with the Commodity Futures Trading Commission, says the agency is gearing up to expand its regulation of carbon trading, which he described as potentially the largest commodity market. The move is in advance of expected congressional action to create a cap-and-trade system aimed at cutting U.S. greenhouse gas emissions. The CFTC has expanded its Energy and Environmental Markets Advisory Committee, which will meet May 13 to start assessing the regulatory issues that the burgeoning market poses. Much of the new trading will occur via unregulated over-the-counter transactions, Chilton tells PFR sister publication Compliance Reporter, adding that the Commission will seek authority to monitor those trades for fraud and manipulation.

Bank of Tokyo-Mitsubishi UFJ and Union Bank of California have joined the $1.1 billion financing backing Astoria Energy’s 500 MW gas-fired plant in Queens. “We’re getting there,” says Chuck McCall, ceo, adding 70% of the deal is committed with lenders taking a combined $790 million in tickets.

NordLB, along with Bremer Landesbank and three undisclosed partners, have closed a EUR160 million ($208.27 million) financing supporting a 53 MW solar photovoltaic project. First Solar and juwi solar are constructing the facility near Lieberose in the state of Brandenburg in Germany.

International Power has decided to sell a 50% stake in 300 MW gas and oil-fired peaking Hartwell facility in Hart County, Ga., to Southern Co. for $148.5 million. The plant is in a non-core region for the seller. IP did not use an advisor for the transaction and a spokesman for Southern in Atlanta, Ga., declined to disclose if the company used an advisor for the deal.

Toronto-based Brookfield Renewable Power has issued C$100 million ($81 million) of unsecured notes to pre-fund C$65 million in 4.65% notes coming due this fall. “Because the markets have been so choppy, they probably figured that it would be prudent to pre-fund these obligations and I would have to agree that it’s a good strategy in this environment,” says Glen Grabelsky, managing director at Fitch Ratings Service in New York, which rates the notes BBB. Remaining proceeds will go toward general corporate purposes. Donald Tremblay, cfo, and Zev Korman, director of investor relations, did not return calls.

Mohave Sun Power, a startup solar developer, is planning to build a 340 MW solar trough project—that would be the world’s largest—in northwestern Arizona. The company is expected to hit the market the second quarter of next year to finance the project expected to cost about $2 billion, says Mitchell Dong, founder in Boston.

Alex Sokoletsky, v.p. at MMC Energy in New York, has left the company to start an energy consulting firm. His last day was March 31.

AES Gener has won PFR's Eighth Annual Deal of the Year Award for the Americas.

Noble Power AltonaNoble's New York Portfolio