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  • The New York Power Authority has opted to issue $72.1 million in tax-exempt commercial paper in August to refinance auction-rate securities after a series of auction failures dating back to February.
  • Watch out Goodyear and MetLife! Valencia, Spain-based Turtle Airships is developing what will be the first solar-powered flying aircraft.
  • --Asier Aya, financial director at Abengoa Solar in Denver, Colo., on how the uncertain status of federal investment tax credits for solar generation is affecting the financing for its $1 billion Arizona project.
  • Berkshire Wind Power Cooperative is unsure how it plans to finance the $43 million cost of constructing a 15 MW wind project on Brodie Mountain, Mass., which it recently bought for $4 million from Berkshire Wind Power.
  • Americas
  • SUEZ Energy South America Participações all-cash offer to acquire Econergy International is driven by its strategy to expand its renewable development pipeline in Latin America.
  • TNK-BP, the Russian-British joint venture, and wholesale generating company OGK-1 were looking to appoint a financial advisor for the first limited-recourse power project financing in Russia.
  • Philip Roberts, senior director of power project finance at Royal Back of Scotland in London, has been promoted to head of power for Europe, Middle East and Africa.
  • Midwest Wind Finance is privately raising $10 million for a new fund that will finance mid-stage development capital for community wind projects.
  • BNB Renewable Energy, an Exton, Pa.-based developer, is looking for a partner to build a wind project in an undisclosed location in Ohio.