6 December '10
10:07 AM UTC
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First Wind Secures $98M for Maine Project

Massachusetts developer First Wind has obtained $98 million in financing to support the construction of a 60-Megawatt project in Maine.

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1 October '10
6:45 PM UTC
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The Week In Green Energy

The Week In Green Energy: On Your Mark, Get Set, Go!

Welcome to day one of the fourth quarter…2011 is only 90 days away! That’s just 90 days before crucial stimulus programs, including the very popular 1603 cash grants, expire. With Congress adjourned and a Democratic majority that’s fighting for its survival, it sure doesn’t seem like these green initiatives . That stark reality is pushing the green deal economy to move quickly to get projects approved by year-end. The clock is ticking and developers want a piece of the government pie while it’s still available

On the regulatory front, we’ve seen California’s powerful energy commission green light a record 2,729 megawatts of solar projects over the past month. Just this week the commission approved Tessera Solar’s 709-megawatt Imperial Valley project and NextEra Energy’s 250 megawatt Genesis project. “In order to qualify for federal stimulus funds, the projects needed to be approved… before December 31, 2010,” the commission said. Translation: time is running out. Read More »

28 September '10
10:32 AM UTC
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Starwood Energy Closes Financing for 30 MW Solar Projects — UPDATED

Infrastructure fund Starwood Energy has closed an undisclosed financing led by Norddeutsche Landesbank Girozentrale (Nord/LB) and KfW IPEX-Bank (KfW) supporting  the construction of  the  30 megawatt, SSM2 solar project in Sault Ste. Marie, Ont. Read More »

9 July '10
4:32 PM UTC
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The Week In Green Energy: During Summer Doldrums Renewable Energy Funding Heats Up

The sweltering heat that has hammered the East Coast for the better part of the week did not dry up the renewable energy deal flow, as some developers managed to clinch crucial funding. And as is often the case these days — especially in the cleantech and renewable energy sectors — Washington was the de facto deal maker. Hence, as we headed into the Fourth of July weekend, some $2 billion in Department of Energy loan guarantees supporting solar developers.

Of the $2 billion announced by the President, Spanish company Abengoa Solar got $1.45 billion for the construction of the 250 megawatt Solana Concentrating Solar Power (CSP) plant in Arizona. Colorado-based start-up Abound Solar also scored a $400 million guarantee to scale production of its thin-film, photovoltaic modules from a current 67 megawatts to nearly 1 gigawatt over the next three years. Read More »

7 July '10
8:46 AM UTC
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Exclusive: SunEdison Closes $60M Financing For Two Ontario Solar Projects

We’ve learned that last week solar power plant developer SunEdison closed a $60 million, long-term  financing supporting the construction of two photovoltaic power plants in Ontario. Read More »

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