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  • Chris Stala, director in KPMG Corporate Finance’s energy and natural resources team in New York, has left the firm.
  • T. Boone Pickens is looking to President-elect Barack Obama’s incoming administration to facilitate renewables financing, following a slowdown of traditional lending due to market turmoil.
  • LS Power along with Luminus Management has received approval from the Federal Energy Regulatory Committee to increase its stake in Calpine Corp. to up to 40%.
  • Vizcaya, Spain-based Solarpack is planning to finance three solar farms of up to 10 MW each with debt and equity.
  • Tenaska Energy has made its first move into solar with an investment in Soltage, a Jersey City, N.J.-based solar developer, in part to access the tax equity market.
  • Hydroelectric and wave power developer Verdant Power is planning to deploy 30 turbines in the East River in New York late next year or early 2010.
  • Lenders and solar developers are looking to utilities and industrial companies as the next generation of tax equity.
  • The Dubai Electricity & Water Authority is taking submissions to build its planned 1.5 GW/100 million gallons per day Hassyan Power and Desalination Station in Dubai. The project is estimated to cost around $2-3.3 billion.
  • Madrid-based Torresol Energy is seeking up to a EUR110 million ($138.83 million) loan from the European Investment Bank backing a first-of-a-kind concentrating solar power tower able to store heat near Seville, Spain.
  • SolarWorks NJ, a solar installer and developer, is seeking equity investors for five photovoltaic projects totaling 8 MW planned for southern New Jersey on farmland and industrial zones.