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With Uncertainty Ahead Edison Mission Cuts Wind Investments

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First Wind to Construct 140MW of New Capacity

Over the next 12 months Boston-based wind developer First Wind is plowing ahead with the construction of its North American project pipeline, arranging financing for the construction of about 140-megawatts of new capacity. A significant portion of the increased capacity will come from the expansion of installations that are already operating. The company will expand…

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Eletrobras Ready to Go Global With Renewable Investments

Eletrobras, one of Brazil’s largest power generators, is looking to boost its renewable energy portfolio by acquiring projects outside Brazil. The Rio de Janeiro-based utility  says it is looking to invest in renewable and conventional energy projects outside Latin America. “We may… identify and pursue growth opportunities outside of South America, including renewable energy projects,” the…

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Hudson Clean Energy Partners Hires Industry Veteran to Lead Portfolio Company

Hudson Clean Energy Partners, the New Jersey-based private equity fund, has hired David Tuohy as Chief Executive Officer of its  Wind to Power System (w2pS) portfolio company. Based in Madrid, w2pS develops technologies that help integrate wind-powered electricity into conventional power grid infrastructures. Prior to joining w2pS, Tuohy headed a solar photovoltaic technology start-up in…

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Pattern Closes Financing of 75MW Caribbean Project

San Francisco-based renewable energy developer Pattern Energy Group  has secured an undisclosed amount in bank financing supporting the construction of a 75 megawatts wind facility in Puerto Rico. Siemens Financial Services, a unit of the German industrial group, provided construction financing for the 75-megawatt Finca de Viento Santa Isabel project. Siemens is also supplying the…

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