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Bank Talks for $1Bln Cape Wind Project to Start Next Month – UPDATE

Cape Wind says it plans to start discussions with banks to structure a debt and equity funding package supporting the construction of its $1 billion, 420 megawatts offshore wind farm next month.

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Terra-Gen Closes $286M Leaseback

Terra-Gen Power has closed a $286 million leaseback financing supporting its 67 megawatts Dixie Valley geothermal power plant in Churchill County, Nev. The facility is backed by a long-term power purchase agreement with Southern California Edison.

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Exelon Buys John Deere’s Wind Biz

Deere�&�Company, the he world’s largest farm-equipment maker, has agreed to sell its� John Deere Renewables wind energy business to Chicago-based power company Exelon for $900 million.

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French Solar Market to Remain Strong Despite Subsidy Cuts

News came out yesterday that France’s finance ministry would cut key solar feed-in tariff subsidies (FiT) cut for all commercial solar installations from September 1st, 2010.

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Congress To Shave Off $1.5Bln From Renewable Energy Loan Guarantees

Congress could cut the popular Department of Energy loan guarantee program by as much as $1.5 billion as it wrestles to fund a $26 billion state education and Medicaid funding package. The House passed the legislation and the Senate is now debating the bill and proposed the loan guarantee cuts.

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