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  • Tyr Energy has closed on financing for its purchase of a 50% share of the 593 MW Fox Energy Center in Kaukauna, Wis., from GE Energy Financial Services.
  • Minneapolis-based National Wind and development partner Red Rock Energy are in talks with lenders and tax equity investors to finance their 300 MW Red Rock wind farm in Emmet and Dickinson Counties, Iowa.
  • Seattle-based Principle Power is seeking strategic partners and equity investors for two maiden offshore wind projects with a combined 300-350 MW capacity.
  • British Virgin Islands-based Dragon Power Limited, the parent company of biomass developer Dragon Power China, is seeking $150-200 million in equity in advance of initial public offering it plans for 2010.
  • Six banks closed syndication of $393 million in financing supporting GDF SUEZ' 165 MW coal-fired Central Termaoélectrica Andina plant in Mejillones, Chile, on Dec 19.
  • The disappearance of large tax equity investors and big balance sheet losses wiping out appetite for some that remain have left sponsors and bankers grappling with how to fund renewable projects.
  • Many assets sales this year have been pushed back or canceled due to frozen credit markets and bids coming in shy of targeted amounts.
  • Utilities and IPPs have scoped consolidation as equity values plummeted across the board due to the escalating financial crisis, but deals are suffering as potential acquirers struggle to land financing.
  • J-Power USA Generation, a 50:50 joint venture between J-Power USA Investment and John Hancock Life Insurance, has secured its first financing from Bank of Tokyo-Mitsubishi.
  • DKRW Energy, founded by former Enron officials Bob Kelly and Ron Doyle, is looking for a strategic partner for its wind business and has hired Marathon Capital to help with the search.