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The lead arrangers of EUR204.2 million ($289.5 million) in non-recourse refinancing of Babcock & Brown's 165 MW French wind portfolio are planning to syndicate the debt in a few weeks, after reaching financial close last week.

British Petroleum and GE Energy are separately shopping two gas-fired plants on a site owned by BP in Port Talbot, Wales.

Sri Lanka's largest IPP, South Asia Energy Management Systems, has closed on the first round of some $85 million in financing from Dutch development bank FMO for 78 MW across 15 hydro projects in Sri Lanka and Uganda.

Credit Suisse has ended its best efforts syndication of $310 million in financing for the Tres Palacios Gas Storage development in Matagorda and Wharton Counties, Texas.

Joint venture partners SunEdison and Lehman Brothers-backed SkyPower have tapped NordLB to arrange C$80 million ($74.8 million) in financing for a 19 MW ground-mount solar project in Ontario.

Start-up SolarReserve has taken $140 million in equity funding to allow it to finance early development on some of its 5 GW of projects.

Between three to six bidders are reportedly in the hunt to acquire a pair of combined cycle plants in ERCOT owned by Navasota Holdings Texas Partners in the second phase of the JPMorgan-led auction.

Denham Capital Management has hired Juliet Wallace, managing director at Fieldstone Private Capital Group in New York, for a new slot as a director focusing on investments in power and carbon in the U.S. and internationally.

Lehman Brothers has agreed to sell its North American investment banking and capital markets business to Barclays Capital. But the deal is subject to approval by the U.S. bankruptcy court for the Southern District of New York and may be terminated if not rubber stamped by regulators by next Wednesday.The trading assets the U.K. bank will acquire are estimated at GBP40 billion and its liabilities at GBP38 billion, for which Lehman will receive a cash consideration of just GBP0.14 billion. Its New York headquarters and related property in New Jersey will fetch GBP0.8 billion.“This is a once in a lifetime opportunity for Barclays,” said Robert Diamond, president of Barclays, in a statement released tonight. “We will now have the best team and most productive culture across the world’s major financial markets, backed by the resources of an integrated universal bank.”

Between three to six bidders are reportedly in the hunt to acquire a pair of combined cycle plants in ERCOT owned by Navasota Holdings Texas Partners in the second phase of the JPMorgan-led auction. A warm summer in Texas leading to decreased ERCOT reserve margins has led to increased interest in the plants, says a deal tracker.