in News Departments > Projects & Contracts
print the content item

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


Advertisement

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015