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Karl Miller, founder of MMC Energy, and advisors are looking to launch an master limited partnership as soon as next quarter.

Penn Energy Trust is looking to acquire utility-scale solar projects in the Continental U.S. and the Caribbean.

Lakeside Energy, the investment unit of American Securities Capital Partners, is in talks to purchase a generation asset by this summer as it looks to bag $1 billion in purchases. “We’re really concentrating on contracted assets that justify investment. We do have some money to spend and we’re in a buying mode,” says Bill Johnson, ceo of Lakeside in Chicago. The company is looking at several auctions and projects in the Northeast, Southwest and California, though Johnson declined to disclose details of any future acquisitions.

Penn Energy Trust is looking to acquire utility-scale solar projects in the Continental U.S. and the Caribbean. “We believe we can cost effectively deliver the projects,” says CEO Sean McCloskey in Bala Cynwyd, Pa.

A number of undisclosed parties are chasing the 570 MW Victorville 2 gas- and solar-powered facility owned by the City of Victorville, Calif. The plant is in development at the Southern California Logistics Airport, 90 miles north of Los Angeles and was put on the block last year through auctioneer Goldman Sachs (PFR, 6/27).

Karl Miller, founder of MMC Energy, along with advisors are looking to launch an master limited partnership as soon as the third quarter. The MLP would trade on the New York Stock Exchange or NASDAQ.

Renewable energy company Solar Systems is readying an initial public offering with the goal of raising at least $300,000. The Neptune, N.J.-based start-up has filed an S-1 registration to raise the funds on the OTC Bulletin Board.

A unit of Portugal’s Banco Espirito Santo has taken a joint lead arranger role in the $376 million project financing for First Wind’s 203 MW Milford Corridor farm in Milford, Utah. “We are looking to expand our capacity and are identifying strategic relationships,” says Carl Adams, head of structured finance origination in New York. “The management there is very impressive and our focus with renewables is their focus as well,” he adds.

Citigroup has appointed Joe Sauvage, vice chairman of investment banking, and Nick McKee, head of North American power, corporate banking, as co-heads of North American power in New York. The appointments follow the departure of Kirk Andrews to Deutsche Bank earlier in the month (PFR, 3/20).

NextEra Energy Resources is looking for eight to 10 banks to take buy and hold commitments of around $50 million in the roughly $400 million Heartland II wind portfolio financing. It is seeking to close the club deal by the middle or the end of next month.