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Union Eolica nears market with Penonome

Spanish wind developer Unión Eólica is looking for debt for its 100MW Penonome project in Panama

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UPDATE 2-US natgas futures up for 5th day, front hits 2012 high

* Front month hits highest mark since early December 2011
* Cool Northeast, Midwest forecasts back recent gains
* Concerns grow that gas becoming less competitive with coal

(New throughout,…

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TransAlta closes on acquisition of Fortescue’s Solomon

Canadian independent power producer TransAlta has closed on the $318 million acquisition of the Solomon power plant from embattled iron ore producer Fortescue Metals Group.

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