Engie North America says it has secured financing for its 200MW Live Oak wind farm under construction in Texas, due on line by the end of the year using Siemens Gamesa turbines.
Bank of America Merrill Lynch will supply $147m in construction financing and $155m in tax equity financing, while Rabobank will provide a letter of credit.
Meanwhile, BoAML Global Commodities has provided a power hedge and arranged an offtake deal for half of the hedged output to serve commercial and industrial customers – a key focus for Engie in North America.
