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Germany-based NORD/LB Norddeutsche Landesbank has completed financing for the Benton County Wind Farm project, located in Benton County, Ind. Other lenders included Dexia, Helaba and Lloyds. The project sponsors are Orion Energy Group and GE Energy Financial Services. Financial details of the transaction were not disclosed.

The 130.5 MW wind farm, consisting of 87 GE 1.5 SLE wind turbines, achieved commercial operation in May 2008. Duke Energy Indiana and Vectren Power Supply Inc. will purchase power from the project under a 20-year power purchase agreements. The Benton Wind County Farm is operated and maintained by enXco Service Corp.

SOURCE: NORD/LB Norddeutsche Landesbank



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