Today's News 

• Ormat Acquires EIF Nev. Geo Project March 11, 2010 

  Ormat Technologies has completed the acquisition of the Hot Sulphur Springs II geothermal project in Elko County, Nev. from Energy Investors Funds.

• First Wind Lands DOE Funding March 11, 2010 

  First Wind received a $117 million loan guarantee from the U.S. Department of Energy for a project in Kahuku, Hawaii, that will include battery storage technology.

• Gamesa Loses U.S. Wind Chief March 11, 2010 

  Glenn Smith, v.p. for wind development, at Gamesa Energy USA, left the company Wednesday.

• Shortlisted Buyer Exits Axio Solar Sale March 10, 2010 

  One shortlisted bidder vying for the Axio Power solar portfolio dropped out of the process several weeks ago.

• SoCalEd Taps Bonds To Refi March 10, 2010 

  Southern California Edison issued $500 million first and refunding mortgage bonds to refinance short term debt. SoCal Ed has two credit facilities totaling $2.9 billion.

• Kleen Lenders To Nudge Out Goldman March 09, 2010 

  Lenders in the $985 million Kleen Energy Systems loan are in the process of replacing Goldman Sachs as administrative agent.

• Int’l Power Lands 10 Banks For Indonesia March 09, 2010 

  International Power has signed 10 banks to provide financing for a $1.5 billion 815 MW coal plant in Indonesia.

• Boutique Adds Private Placement Chief March 09, 2010 

  Heather Smith is joining Greentech Capital Advisors as a partner and head of private placements in a newly created role.

• PSEG Offloads Calif. Plant Stake March 09, 2010 

  PSEG Global, a unit of PSEG, is selling its 50% in three California natural gas plants to Harbert Power for $70 million.

• WestLB Senior Banker Leaves March 08, 2010 

  Jonathan Cody, senior managing director in the global energy group at WestLB, left the bank last week.