North American Windpower: Debt Offerings Deemed Success

Debt Offerings Deemed Success

by NAW Staff on Tuesday 27 June 2006

FPL Energy LLC's wholly owned subsidiary, Bison Wind LLC, has closed a private offering of $186 million of 6.665%, 24.5-year senior secured notes. The company also announced that Bison Wind Portfolio LLC, another wholly owned subsidiary of FPL, has closed a private offering of $20 million of 7.51%, 15-year senior secured notes.

The financing consisted of two wind projects in diverse geographic regions totaling 196.5 MW of capacity. The two facilities are located in North Dakota and Oklahoma. FPL Energy intends to use substantially all of the net proceeds it will receive from the offerings to repay a portion of the investment made by the company in the development, acquisition and/or construction of the two wind power projects.

Latest Top Stories

Study: How Northwest Wind Can Play With Energy Storage And Provide Operational Flexibility

Researchers have identified two possible sites in eastern Washington to build compressed-air energy-storage facilities that could temporarily store the Northwest’s abundant wind resources.

Wind Consortium Deploys Nacelle-Mounted LIDAR At Offshore Site In Irish Sea

In an important development for performance verification for offshore wind sites, a group of companies have deployed a nacelle-mounted LIDAR at DONG Energy's 367 MW Walney Wind Farm.

As U.S. DOJ Investigates, Duke Works Adaptive Management Plan

With previous golden eagle fatalities reported at two company-owned wind farms in Wyoming, Duke Energy Renewables is going to great lengths to protect raptors.

DOE To Recast Landmark 20% Wind Energy Report; Study Looks Back, Ahead

The U.S. Department of Energy will update its 20% Wind Energy By 2030 report, which indicated increased levels of wind penetration for the U.S. is not only possible but feasible.

Wind Energy Procurement Top Of Mind For Big-Name Companies

With greater frequency, top-tier companies are discovering the economic and environmental power of wind energy and upping their investments in the resource.