The financing facility is for $360m, and the total construction cost is $420m. KeyBanc Capital Markets served as the joint lead arranger.
Vestas will supply 3.3MW turbines for the project.
Eversource, National Grid and Unitil will purchase the electricity under separate 15-year agreements awarded in a competitive bidding process. The project will generate power for about 65,000 homes.
Once online, Bingham will boost SunEdison’s installed wind capacity in Maine to 552MW.
