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

Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Future Energy_id2008