Tri Global qualifies 1.52GW for PTC
12 February 2014 06:55 GMT
NJRCEV acquires 20MW Iowa project
05 February 2014 04:32 GMT
Google invests in Texas project
14 January 2014 06:51 GMT
Richard A. Kessler
Wednesday, February 12 2014
Morgan Stanley and Santander acted as
joint lead arrangers, with Morgan Stanley serving as the administrative agent.
The two banks also committed tax equity into the deal.
Morgan Stanley Commodities is
providing a long-term Electric Reliability Council of Texas (ERCOT) power hedge
and BayernLB bank is providing term debt financing for the project.
The project has qualified for the
federal production tax credit (PTC), according to First Wind, based in Boston.
Vestas will supply 75 V110 turbines
with a capacity of 2MW each. The project, the developer’s first in Texas, is
located near Amarillo.
Route 66 will deliver power to major
load centers using high-voltage transmission lines recently completed in the
Texas Panhandle and West Texas.
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