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

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008