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The Week In Green Energy: The Tar Heel Green Giant

A green giant emerged this week. Duke Energy’s $13.7 billion acquisition of Progress Energy formed the country’s largest power company with a $37 billion market capitalization and a whopping 57 gigawatts of domestic generating capacity, largely from conventional resources (coal, nuclear and natural gas). But they�ll also be a big player in renewables. The combination…

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The Alternative Agenda: Duke buys progress, military buys American, GE buys wind

Duke Energy to acquire Progress Energy for $47.48 a share Duke, the Charlotte-based energy powerhouse, has bid $13.7 billion for Progress Energy of Raleigh. Progress is not known for its green energy ventures but Duke certainly is � the deal could be good for the growth of renewables. American military must buy homegrown solar A…

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Developer Seeks $20M For Biogas Power Projects

Charlotte, N.C., -based renewable energy developer Methane Power seeks to�raise $20 million to support the construction of up to 10 megawatts of landfill gas-to-energy power projects.

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Peregrine Energy to build $135M S.C. biomass plant

Peregrine Energy, a Greenville, S.C., developer of biomass facilities, plans to invest $135 million to develop a 50 megawatts woody biomass-fueled cogeneration plant in South Carolina. Once operational, in 2012, Peregrine will sell all of the plant’s output to Progress Energy, the Raleigh, N.C., power utility, under a long-term power purchase agreement. The proposed facility…

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