Terra-Gen bags $631m for more phases at California's Alta Wind

The giant Alta Wind complex will add to California's existing wind power fleet

kcdsTM via Flickr

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Andrew Lee

 Friday, June 03 2011

Updated: Sunday, November 25 2012

Developer Terra-Gen Power has wrapped up $631m of finance to add another 300MW at Alta Wind, its multi-stage 1.55GW wind-power complex in California.

The construction finance is for Alta Wind phases 6 and 8, each of 150MW, at the Alta Wind Energy Centre (AWEC) in Tehachapi.

The news follows an agreement late last month by Google and Citigroup to each put $55m into the Alta Wind 4 sub-project.

The first five Alta projects with a generating capacity of 720MW are already complete and supplying electricity to the grid.

Jim Pagano, chief executive of Terra-Gen, says the latest finance leaves Alta Wind on course to have 1.02GW installed by the end of the year…

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