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  • NextEra Energy Resources has agreed to buy a 150 MW wind project currently under construction in McLean County, Ill., from Invenergy.
  • Affiliates of ArcLight Capital Partners have wrapped a $275 million B loan led by Barclays Capital and Credit Suisse.
  • Merchant generation owners will likely look to sell this year if low power and electricity demand remain stagnant.
  • Transmission projects totaling at least $3.5 billion are expected to be financed in the next two years, after several years of slogging through municipal, state and federal regulatory bodies.
  • Caithness Energy and GE Energy Financial Services have wrapped the largest wind financing in the U.S., a $1.431 billion deal backing the roughly $1.9 billion Shepherds Flat wind farm.
  • SMART Papers, an Ohio-based paper manufacturer, will replace almost 50% of coal-fired generation at its 37.8 MW co-generation plant in Hamilton, Ohio, with biomass.
  • Dominion Virginia Power, a division of Dominion Resources, has snagged an air permit from the Virginia Air Pollution Control Board for a proposed 1.3 GW gas-fired plant near Warren County, Va.
  • AES Solar, a joint venture between AES Corp. and Riverstone Holdings, has wrapped $134.58 million in non-recourse financing backing the 24 MW II Terzo solar portfolio in the Lazio, Puglia and Sicilia regions of Italy.
  • Spain’s government expects to formalize a 30% cut to solar subsidies today, saving the nation roughly $969 million.
  • Tax equity remains a prized commodity despite several banks and investors tiptoeing back into the space.