in News Departments > Projects & Contracts
print the content item

Escondido, Calif.-based enXco, an EDF Energies Nouvelles company, has closed on equity funding for the Wapsipinicon Wind Energy Project with Union Bank.

Construction of the 100.5 MW wind farm, consisting of 67 1.5 MW GE wind turbines, commenced last April, and commissioning was achieved in December 2008.

"Union Bank has been extremely constructive to work with during this difficult economic crisis," says Tristan Grimbert, president and CEO of enXco. "This financing demonstrates their commitment to renewable energy and proves again that funding is available for solid projects."

Southern Minnesota Municipal Power Agency will purchase the power generated under a 20-year power purchase agreement. The Wapsipinicon Wind Project, located in Mower County, Minn., will be operated and maintained by enXco Service Corp.

SOURCE: enXco


Helukabel_id1908
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

Acciona_id1907
UEA_id1896
JLG_id1900
WomenofWind_id
bonfiglioli_id1913
AWEA_id1886