Pattern Development 2.0 has completed construction financing, a letter of credit and a term tax equity financing commitment for its 79.75MW Stillwater project in Montana, a US state with enormous wind resource but little power capacity development thus far.
The project developer did not provide details for the transactions.
“This successful closing of construction financing for our first wind project in Montana demonstrates our access to low cost debt and continued attractive tax equity for our projects,” Mike Garland, chief executive of Pattern Development, said in a statement.
