Rabobank To Arrange Financing For 80 MW Wind Farm In Utah

NA Windpower, Wednesday 28 August 2013 - 12:40:57

Greenbriar Capital Corp. has retained Rabobank Group, a Dutch mortgage lender, to arrange project financing for the construction of the 80 MW Blue Mountain wind project, to be located in Utah.

Greenbriar Capital Corp. has also engaged Rabo Securities USA Inc., a U.S.-registered broker-dealer and affiliate of Rabobank, as its exclusive financial advisor in connection with the placement of limited partnership interests in the wind project.

According to a Bloomberg report, the Blue Mountain project is poised to sell its output to PacifiCorp under a 20-year power purchase agreement when it comes online. In addition, the company’s CEO told the news agency that the project is expected to cost $135 million and could be finished by the third quarter of next year.





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