in News Departments > Projects & Contracts
print the content item

UPC Wind Partners LLC, a Newton, Mass.-based wind power developer, recently closed a $95 million turbine supply loan underwritten by New York-based HSH Nordbank AG for an additional 50 units of Clipper's 2.5 MW Liberty turbines.

"UPC Wind is pleased to close the first limited recourse turbine loan facility for Clipper turbines," says Tim Rosenzweig, UPC Wind's chief financial officer. "We are demonstrating to the market that the new technology is financeable and plan to close additional financing facilities early next year."

In October 2006, UPC completed a sales agreement with Clipper to purchase 80 Liberty turbines for a 2008 delivery (click here to view story), and at the end of September 2006, UPC finalized an agreement to purchase 50 Liberty turbines (click here to view story).


Trachte Inc._id1770
Latest Top Stories

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.

Navigant_id1983
Renewable NRG_id1934