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  • Fred Olsen Renewables, a venture between Norway's Bonheur and Ganger Rolf, has closed a GBP303 million ($453.98 million) financing.
  • Oslo, Norway-based OceanWind, a developer of offshore wind farms, will seek a majority partner for its planned NOK20-30 billion ($2.85-4.28 billion), 1 GW Ægir project.
  • Calgary-based Pristine Power will finance its proposed $400 million 350 MW gas-fired York Energy Centre peaker in King, Ontario with a combination of debt and equity.
  • Diamond Castle, a New York-based private equity firm, has hired former Catamount Energy CEO James Moore as chairman of power and alternative energy. The new position was added due to shifts in the market, says Moore.
  • The Municipal Electric Authority of Georgia is planning to return its Municipal Competitive Trust, worth about $750 million, to the cities that contributed to the fund.
  • China's Tianjin Climate Exchange is expected to start trading sulfur dioxide emissions early next year, says Richard Sandor, founder, chairman and ceo of the Chicago Climate Exchange, a 25% owner in the exchange.
  • Joint venture partners SkyPower and SunEdison have closed financing with NordLB for their 9 MW photovoltaic First Light project in Lennox and Addington County, Ontario, in a rare Canadian solar project financing.
  • Americas
  • Calpine Corp. was preparing to sell two gas-fired cogenerating plants in ERCOT via auctioneer Miller Buckfire.
  • AIG Financial Products is shopping an equity interest in a coal plant lease and a partnership interest in a wind farm.