in News Departments > Projects & Contracts
print the content item

Escondio, Calif.-based enXco, an EDF Energies Nouvelles company, has closed on the project financing for the Shiloh II wind energy project, under construction in the Montezuma Hills wind resource area of Solano County, Calif. Lenders to the projects are Dexia and Credit Industriel et Commercial, and Nord/LB as lead administrative agent. Equity was arranged by JPMorgan as lead investor, with Wells Fargo and New York Life rounding out the investor group.

"Bringing the financing to completion during this current financial crisis is testimony to the quality of our projects as well as to the long-term relationship with our financial partners," says Tristan Grimbert, president and CEO of enXco. "Even though funding is scarce, this further confirms that first class, high-quality projects will succeed."

Construction of the 150 MW wind farm - consisting of 75 2 MW REpower wind turbines - commenced in May, with commercial operation expected in December.

Pacific Gas & Electric will purchase the power generated under a 20-year power purchase agreement. The Shiloh II wind farm will be operated and maintained by enXco Service Corp.

SOURCE: enXco



Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
Canwea_id1984