If you believe, as New York artist Jenny Holtzer puts it, that "money creates taste," then Energy Capital Partners must be very tasty, indeed.

ECP says raised a billion too much in its latest fund (see below.) What a welcome change, after the latest story this week of money gone missing in the industry.

Without further ado, this week in greentech dealflow:

• Energy Capital Partners closed its Energy Capital Partners I fund after raising a whopping $2.25 billion, almost double what it planned to. ECP invests in North American energy infrastructure, primarily in power generation, renewables, electric transmission and midstream gas sectors.
• Diametrics Medical, a OTC company that recently changed "focus", according to management, has changed its name to Allegro Biodiesel Corporation after acquiring a biodiesel plant in Pollock, Louisiana. It's now trading as OTC: ABDS.OB.
• Cathay Industrial Biotech received $52M USD in Series B financing. It says it will use the money to start a new green energy and renewable bio-material program to "convert starch and fiber into a unique type of biofuel with better burn energy than ethanol." CIB has raised a total of $78M USD in 2006.
• Terra Firma Capital Partners is considering a Gpb800 million IPO or sale of portfolio company Infinis, a UK-based renewable waste-to-energy company, according to The Telegraph. Terra Firma has retained advisors Merrill Lynch, Climate Change Capital and Deutsche Bank.
• BioPetroClean, a Israeli provider of commercial grade bioremediation systems for oil contamination, closed $3 million USD in Series A funding led by sole institutional investor New York-based 21Ventures LLC.
• Sierra Geothermal Power, based in Vancouver, acquired Cayley Geothermal Corp, which gives it an interest in 15 geothermal projects throughout Nevada and California. The company completed a $5.06M CDN private placement at the same time.
• Quanlight, an LED (light-emitting diode) company in San Diego, landed a series A investment of $1 million from Blackbird Ventures, also of San Diego. Neil Senturia, principal of Blackbird Ventures, has joined the start-up as chief executive officer. Quanlight anticipates a Series B round in the spring of 2007.