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The U.S. government’s finance institution, The Overseas Private Investment Corporation (OPIC), plans to invest $520 million in financing and insuring solar energy projects in India by the end of 2011
Senators John Thune (R-SD) and Chuck Grassley (R-IA) sent a letter to Energy Secretary Steven Chu August 14 questioning whether A123 Systems Inc. is still eligible to receive stimulus funds after China-based Wanxiang purchased $200 million of the company’s secured debt and provided up to $250 million in additional financing August 9
Ralls Corp. filed a lawsuit October 2 in the U.S. District Court for the District of Columbia against President Obama, the Committee on Foreign Investment, and Treasury Secretary Tim Geithner for blocking the firm from owning or building four wind farm projects near the Naval Weapons Systems Training Facility Boardman’s restricted airspace in Oregon
President Obama issued an executive order prohibiting a Chinese-owned company from acquiring and owning four wind farms in the U.S. on September 28, 2012, which marks the first time in over two decades that a U.S. president has blocked a foreign transaction
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Workarea - Energy & Natural Resources
Workarea - Corporate Finance/M&A
Jurisdiction - USA
Firm Name - Mintz Levin Cohn Ferris Glovsky and Popeo PC
