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  • Tyr Energy and Chubu Electric Power Co. have agreed to buy portions of Tenaska’s stakes in a 4.8 GW natural gas-fired portfolio.
  • Terra-Gen Power has put the first stage of its 3 GW Alta Wind project in Tehachapi, Calif., up for sale.
  • Catalyst Renewables is looking to raise an undisclosed amount of capital to back its purchase of a 55 MW coal-fired plant from Energy Investors Funds after it finalizes a PPA for the facility.
  • Constellation Energy Group has offered to sell its 50% stake in a proposed third Maryland nuclear reactor to EDF Group for $1 in exchange for a $117 million reimbursement for development and design costs.
  • Solar Trust of America, which is developing the 1 GW solar thermal plant in Blythe, Calif., says its application for a U.S. loan guarantee is taking longer than expected.
  • Several Rhode Island communities are planning to build a $50-63 million onshore wind farm near Fall River, Mass.
  • Southern California Edison has initiated construction on a 6.7 MW solar photovoltaic plant in San Joaquin Valley, Calif.
  • Sumitomo Corp. and Korea Electric Power Corp. have won priority negotiating rights to build and operate a $1.8 billion, 1.6 GW gas-fired plant in Shuweihat, United Arab Emirates.
  • A new tax break allows renewable energy project owners to write off 50% of projects costs in addition to being able to take advantage of other federal subsidies, making such projects more attractive to tax equity investors.
  • The bumper year of renewable project financing doesn’t appear likely to be repeated as the expiration of the U.S. Department of Treasury cash grant program at year-end will leave a funding gap tough to fill.