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Commitments Roll In For Dokie Syndication
Some half dozen banks have joined WestLB’s syndication of $215.75 million in financing for EarthFirstCanada’s 144 MW Dokie I wind farm in British Columbia.
August 04, 2008
Barclays, Goldman Prep New England Recap
Barclays Capital and Goldman Sachs will launch a $200 million recapitalization of two former Calpine plants in New England with a 12:30 bank meeting tomorrow.
August 04, 2008
Barclays Expands Energy Team
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 in Houston.
August 03, 2008
BLM Beckons Bidders For Geothermal Land
The Bureau of Land Management is holding a competitive bid for the geothermal leasing of 105,312 acres in Nevada.
August 03, 2008
News In Brief
Americas
July 31, 2008
Power SPAC Ices IPO
Orbit Acquisition Corp. has shelved a planned $250 million initial public offering on the American Stock Exchange due to a lack of liquidity in the equity markets.
July 31, 2008
Marubeni May Self-Fund Caribbean Take-Out
Marubeni Caribbean Power Holdings is reportedly looking to repay the one-year bridge it used to acquire a 1,150 MW fleet from Mirant International Investments using funds generated by a European affiliate and a bank loan guaranteed by its group credit.
July 31, 2008
Falcon Gas Taps Quartet For MoBay Financing
Falcon Gas Storage has selected four banks to arrange $400 million in debt underpinning its MoBay Storage Hub development in Mobile County, Ala.
July 31, 2008
Longview Shortlist Details Emerge
Some five or six contenders are reportedly left in the race to acquire all or part of Longview Power, owner of a 695 MW supercritical pulverized coal plant under construction in Maidsville, W.Va.
July 31, 2008
Tax Equity Costs Head North For Renewable Developers
The cost of renewable tax equity financing is inching higher because subprime losses have meant the banks and insurers that typically provide it don't now have the taxable income volumes that stoked their previous appetite.
July 31, 2008
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