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  • Arizona Public Service Co. has agreed to purchase Southern California Edison’s 48% stake in a coal-fired plant for $294 million as the first step to shutting down a portion of the units.
  • Wells Fargo has teamed with GCL Solar Energy to install $100 million of solar photovoltaic projects in the U.S. by the end of 2011.
  • Enerjisa Enerji Uretim, a subsidiary of Austrian power company Verbund that develops generation in Turkey, is working with International Finance Corp., UniCredit and WestLB to arrange a EUR700 million ($972 million) financing behind a trio of power projects
  • SkyPower has mandated Deutsche Bank to lead a financing backing a roughly $120 million, 30 MW portfolio of solar plants in Ontario.
  • A group of second lien lenders to Boston Generating Co. are getting ready to make a bid to takeover the company.
  • Banks leading a financing backing GE Energy and Caithness Energy’s $2 billion Shepherds Flat wind farm are inviting lenders to a bank meeting in New York tomorrow.
  • Entergy is working with Morgan Stanley on the possible sale of its Vermont Yankee nuclear facility.
  • Developer RRE Austin Solar is planning two $240 million, 60 MW solar farms roughly 40 miles from Austin, Texas.
  • Solyndra is delaying expansion plans and closing first factory amid heavy competition from solar panel makes, particularly manufacturers in China.
  • Institutional Shareholder Services, a proxy advisory firm, is encouraging shareholders to approve Dynegy’s proposed $542 million sale to Blackstone Group.