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

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934