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Recurrent Energy Scores $18M Financing

Distributed solar power company and PV panel maker Recurrent Energy has secured an $18 million, 24-year debt financing arranged by Prudential Capital Group. The financing supports the construction of a 5 megawatts� photovoltaic power plant in San Francisco.

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An Election Win for Green Energy?

With the dust still settling from last week�s elections, political pundits remain in full post-mortem mode. In California, where the state�s ballot initiative process allows the electorate a direct vote on new state laws, one of the most discussed election results may be the defeat of Proposition 16. Had it passed, Prop 16 would have…

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PG&E�s Green Clout On California�s Prop. 16

When Californians go to the polls on June 8th, they have a chance to vote on a ballot amendment that could result in a massive change to the green energy landscape in the country�s most populous state. Proposition 16 is an initiative that, if approved by voters, would require a two-thirds vote of the electorate…

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PG&E Buys 246 MW Wind Project in Southern California

San Francisco utility Pacific Gas and Electricity (PG&E)�has acquired a $900 million, 246-megawatt wind project in Southern California from Iberdrola Renewables, the U.S. unit of the Spanish renewable energy company. This is PG&E�s first direct investment in wind generation. The deal was announced Thursday. In the U.S. direct investments by utilities in renewable energy projects…

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Ausra Co-Founder Joins San Francisco Solar Tech Company

John O�Donnell, a co-founder of solar power developer Ausra, has joined GlassPoint Solar, a provider of solar thermal technology, as vice president of business development. San Francisco-based GlassPoint manufactures Concentrating Solar Process (CSP) systems that tap solar heat that drive steam turbines, which instead of generating electricity, produce heat for large-scale manufacturing process. O’Donnell tells…

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