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

Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.


Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995