in News Departments > Projects & Contracts
print the content item

Lone Star Wind LLC, a wholly owned subsidiary of FPL Energy LLC, has closed on a $700 million credit facility consisting of a $600 million, 15-year variable-rate term loan and a $100 million, 10-year letter of credit (LC) facility.

FPL Energy will repay a portion of the investment made by the company in the development, acquisition and/or construction of three completed wind power projects in western Texas - projects that represent 606.5 MW of capacity.

"This loan and LC facility represent one of our largest single wind financings to date and further validate wind energy as a viable investment option," says Moray Dewhurst, chief financial officer of FPL Group.


Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

Renewable NRG_id1934
BG 2015DblBox_id2032
Hybrid Energy Innovations 2015