North American Windpower: DOE Finalizes Loan Guarantee For Caithness Shepherds Flat Wind Project

DOE Finalizes Loan Guarantee For Caithness Shepherds Flat Wind Project

in News Departments > Projects & Contracts

by NAW Staff on Friday 17 December 2010

A partial loan guarantee from the U.S. Department of Energy (DOE) for a $1.3 billion loan has been finalized to support the Caithness Shepherds Flat project. The 845 MW project will be located in eastern Oregon and is being developed by Caithness Energy LLC and GE Energy Financial Services.

The wind project will use 338 GE 2.5xl wind turbines. Once completed, the project will sell all of the power and renewable energy credits generated to Southern California Edison under 20-year fixed-price power purchase agreements.

The project is expected to directly employ 400 workers during construction and 35 workers during operation, according to Caithness Energy.

SOURCE: The U.S. Department of Energy

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