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The Week in Green Energy: The Bankable Project

It’s a good news/bad news scenario right now for renewable project developers. Banks are finally funding projects, but accessing that cash is difficult. Banks are requiring a signed, long-term power purchase agreement with a large utility and a cash-rich, A-rated blue-chip backer. Fulfill these two requirements and bankers will crack open the vault! It’s a…

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Exclusive: Mass. Regulators Close to Decision on Cape Wind PPA

Massachusetts regulators are expected to conclude their review of Cape Wind’s 15-year power purchase agreement with National Grid early next week, a Massachusetts Department of Public Utilities (DPU) spokesman tells G.E.R.

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The Week In Green Energy: iBanking Goes Sustainable

The renewable energy and cleantech sector is ripe for a wave of consolidation and Wall Street banks don’t want to miss out on this potentially lucrative stream of green advisory fees. That’s why a growing number of banks are forming dedicated renewable energy and cleantech-focused banking groups, including Lazard, which this week, hired veteran energy…

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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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May Top Ten Players In Green Energy

1: Tony Hayward, BP CEO As any coach of a professional sports team knows, when your bosses publicly declare their support for you, the end is nigh. So it is with BP head Tony Hayward, who, a spokesman has averred, �has the full support of the board.� To be sure, Hayward has been dealt a…

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