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  • Horizon Wind Energy has closed on a tax equity portfolio for an unknown amount supporting three wind farms in construction.
  • The three lead banks arranging $425-430 million in debt for BP Alternative Energy and Dominion's 750 MW Fowler Ridge financing are restructuring the deal as a club and looking for more banks to join.
  • Earth Capital Partners, a London-based fund manager, will soon start fundraising for dedicated funds in the sustainable, renewable and clean tech asset classes. "We think there's a very strong move for sustainable energy," says Ben Cotton, partner in London.
  • Royal Bank of Scotland is readying a nearly $1.5 billion refinancing supporting a two billion cubic feet per day gas pipeline in the Middle East.
  • Austin, Texas-based Lower Colorado River Authority will use proceeds from its $300 million issue of refunding and improvement revenue Series 2008A bonds to pay down its $350 million commercial paper program.
  • Tucker, Ga.-based Oglethorpe Power Corp. will use the majority of proceeds from a $380 million pollution control revenue bond issue to refinance the last piece of $660 million variable rate bonds.
  • MACH Gen was looking to sell its 3.6 GW combined cycle portfolio or enter a merger.
  • Houston-based natural gas pipeline and storage company Enterprise Products Operating will use the proceeds from its $500 million bond issuance for liquidity and to pay down debt on a $1.75 billion revolver.
  • --T. Boone Pickens on the slowdown in traditional lending for renewables projects due to market turmoil.
  • An Arclight Capital Partners-backed developer and Hess Corp. are in preliminary talks with banks to finance development of a 512 MW gas-fired project in Bayonne, N.J.