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  • Halifax, Nova Scotia-based RMS Energy has closed on $90 million in financing from Manulife Financial supporting the company's debut 51 MW project in the province.
  • Botswana Power Corp. has received bids from lenders for the planned 1.2 GW expansion at 132 MW coal-fired Morupule, near Palapye in southeast Botswana—the country's largest power plant.
  • Astoria Energy II has received bids from lenders and is set to mandate a club of lead arrangers for the $1.1 billion, 500 MW gas-fired Astoria Energy II project before month-end.
  • Prague-based CEZ is planning to apply to the European Investment Bank for a circa EUR500 million ($628.96 million) loan to fund a wind project in Romania.
  • EdF Energies Nouvelles unit enXco has purchased from SkyPower 270 MW of General Electric SLE 1.5 MW turbines set to be delivered in 2009.
  • Alabama Power is planning to use the proceeds from a $500 million issue of 30-year senior unsecured notes to repay short-term debt and fund its capital expenditures program.
  • Banco Espirito Santo has hired Oliver Langel, executive director for infrastructure at WestLB, as it expands into renewable project finance in North America. Langel will report to Carl Adams, head of structured finance origination, and starts in New York next Monday.
  • Halifax, Nova Scotia-based RMS Energy has closed on $90 million in financing from Manulife Financial supporting the company’s debut 51 MW project in the province. “I didn’t shop. We made a very good agreement and just stuck with it,” says Reuben Burge, president and founder.
  • Bank of Ireland is seeking potential sponsors of Irish renewable energy projects to invest in its newly launched EUR100 million ($127.45 million) renewable energy fund.
  • Macquarie Capital is expected to tap a club of three to four banks in the next several weeks for roughly $100 million backing a 35 MW solar project in Amherstburg, Ontario.