ABB_id2059
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.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015