in News Departments > FYI
print the content item

Putting the pieces in place to develop and construct 400 MW worth of U.S. wind farm projects next year, Airtricity Inc. has appointed the three lead arrangers for those projects' debt financing. The company is currently completing construction on its first two wind farm projects in the U.S., both located in Texas and totaling 215 MW in capacity.

Airtricity has appointed Bayerische Landesbank (acting through its New York branch), Bayerische Hypo und Vereinsbank AG, and Norddeutsche Landesbank, New York branch, as lead arrangers with respect to up to $175 million in turbine purchase credit loans and letters of credit, up to $500 million in construction/equity bridge loans and letters of credit, and up to $180 million in term loans to be used to refinance in part the construction loans on the 2007 wind farm projects.

"The continued and irreversible depletion of fossil fuel stocks, regardless of any prospects for nuclear energy, means that renewable sources such as wind are certain to play a major role in the future energy strategy of the U.S., and other major economies around the world," says CEO Eddie O'Connor.


Trachte Inc._id1770
Latest Top Stories

Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.


Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six 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.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965
UnitedEquip_id1995