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  • Otter Tail Power is positioning itself to take advantage of tax benefits and lower costs of power by buying a 49.5 MW portion of M-Power’s 157.5 MW Luverne wind farm in Griggs and Steele Counties, N.D.
  • Rockland Capital Energy Investments is in talks with lenders to line up the first batch of a total of about $200 million in financing for environmental upgrades at its 447 MW B.L. England plant.
  • Wind Capital Group has hired David Boyce, senior v.p. of finance at E.ON Climate and Renewables, for a new role of the same title as the developer prepares to tap the markets later this year for financing.
  • Barclays Capital has hired Russell Johnson, managing director of natural resources at Deutsche Bank in Houston, for a new position as managing director on the energy team.
  • The syndication has wrapped for $3.25 billion in limited-recourse loans supporting the Ras Laffan C, a 2,730 MW/286,000 cubic meters of water per day IWPP in Ras Laffan Industrial City, Qatar.
  • --John O'Donnell, executive v.p. at solar developer Ausra in Palo Alto, Calif., on the company's addition of three team members.
  • North America
  • Nevada Power raised an initial $400 million bond offering of 6.5%, 10-year general refunding mortgage bonds to $500 million due to investor demand.
  • The initial public offering of Sohar Power Co., was oversubscribed 21 times, for a total of more than OMR280 million ($727.4 million) in subscriptions.
  • DnB NOR is the final bank to commit to the syndication of $1.1 billion in financing for GNL Quintero’s liquefied natural gas receiving and regasification terminal in Quintero Bay, Chile, following Bank of Tokyo Mitsubishi UFJ and DekaBank.