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  • Calpine Corp. is selling $1.2 billion in 144A senior secured bonds in a private placement this week to refinance the remaining debt on a $4.7 billion term loan that fueled the company’s exit from bankruptcy court.
  • The U.S. Bureau of Land Management says it will rate how the 50 renewables projects it expects to assess in 2011 may affect tribal cultural, spiritual and natural resources.
  • Martin O’Malley, Maryland’s governor, is planning to introduce a bill next week requiring utilities to sign power purchase agreements for offshore wind farms.
  • The Los Angeles Department of Water and Power generated 20 percent of its electricity in 2020 through renewables, including wind solar and solar.
  • Kaua’i Island Utility Cooperative has inked a deal with Xtreme Power of Kyle, Texas to buy a 1.5 MW battery storage system, which will aid the intermittency of a 3 MW solar photovoltaic plant.
  • Massachusetts-based Evergreen Solar will close its U.S. solar manufacturing base in Devens, Mass.
  • New possibilities for the loan guarantee program, more available capital from private equity and lenders, leveraged leases, and regulation created the most buzz at Infocast's Projects & Money 2011 conference. Dozens of sponsors, bankers and investors gathered at Harrah's New Orleans for the event on Jan. 11-13. Senior Reporter Brian Eckhouse filed the following stories:
  • The project finance market was forecast to grow in 2010, according to bankers attending Infocast's Projects & Money conference in New Orleans.
  • --Elizabeth Waters, v.p. of the structured finance group at Bank of Tokyo-Mitsubishi at Infocast's Projects & Money 2011 conference in New Orleans, on lenders looking to expand their project financing deal volumes.
  • Turning off the mobile phones, PDAs, televisions and computers was not what the late Bill Cunningham had in mind when he decided to build his home off the grid in Southern Arizona.