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

Six Key Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965