First Wind Secures $98M Financing For Rollins Wind Project

December 10, 2010 by admin · Leave a Comment · 596 views
Filed under: Bussiness & Finances 

First Wind, an independent U.S.-based wind energy company, recently announced that it has obtained $98M in financing for its 60 Megawatt (MW) Rollins Wind project in Penobscot County, Maine.

First Wind closed an $81M non-recourse construction loan and a $17M letter of credit facility for the Rollins project. Key Bank National Association (KeyBank) and Norddeutsche Landesbank Girozentrale (Nord/LB) served as the joint lead arrangers for the financing. In addition to the financing, JPM Capital Corporation has executed a tax equity financing agreement with a subsidiary of First Wind. When the project goes into commercial operation, JPM Capital will provide long-term capital to take out the construction loan.

Since the end of September, First Wind has raised $357M in financing and repaid $118M in short-term turbine supply loans. Financings include the funds for the Rollins project, $247M for the 68-turbine expansion of its Milford, Utah project, and $12M for its Steel Winds facility in Lackawanna, NY.

read more detail at:

Incoming search terms :

·  hurricane earl us  ·  

Tags: , , , ,

Random Posts

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

Travel · Weight loss · Girl · Insurance · Car