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New Energy Fund, a sustainable energy and technology-based hedge fund, is targeting $500 million for its renewable energy vehicles between the next three to 10 years.

Enel North America will finance roughly 1.2 GW of wind in development with partner TradeWind Energy through tax equity financing.

--Jim Emery, head of strategy for Africa at the International Finance Corp., on the appeal of CIC Energy's plans to build a 1.2 GW coal plant in Botswana.

Allco Financial Group had opted to sell its roughly 4 GW global wind portfolio.

FPL Group financial arm FPL Capital Group has issued $500 million in senior notes that will go toward paying down roughly $1 billion in commercial paper.

Americas

Welsh Power has decided to focus solely on generation after agreeing to sell its 850 MW gas-fired Severn plant in development near Newport, Wales, and the engineering business Carron Engineering & Construction to DONG Energy.

San Francisco-based Pacific Gas & Electric has issued $900 million in unsecured senior notes at the utility and holdco level in the face of uncertain financial markets.

Enel North America will finance roughly 1.2 GW of wind in development with partner TradeWind Energy through tax equity financing. Michael Storch, executive v.p. of strategy and development for the Andover, Mass.-based unit of Italian utility giant Enel, says of its financing process, said the company’s strategy of financing construction with equity and lining up tax equity investments on the back-end has worked in the past. Rob Freeman, president of TradeWinds in Lenexa, Kan., says it does not foresee a problem despite the economic downturn. “It has definitely gotten to be a much tougher market. [But] I don’t think we’ve seen the situation or experienced a situation where tax equity can’t be raised. You just have to wring out the best economics you can get to,” he says.

San Francisco-based Pacific Gas & Electric has issued $900 million in unsecured senior notes at the utility and holdco level in the face of uncertain financial markets. “We took more out of the market than we needed due to concerns that the market could deteriorate in the future,” says Nick Bijur, assistant treasurer at the utility, adding the companies originally aimed to issue around $600 million.