First Wind Gets $210 Million in Financing for Washington Project
December 19, 2011, 10:20 AM ESTBy Justin Doom
Dec. 19 (Bloomberg) -- First Wind Holdings Inc, a closely held energy company, received $210 million in financing to build a 105-megawatt wind farm in central Washington state.
The Palouse Wind project in Whitman County is expected to begin delivering electricity by the end of next year and will generate enough power for about 30,000 homes, the Boston-based company said today in a statement. First Wind received a $170 million construction loan and letters of credit of as much as $40 million, arranged by KeyCorp, Nordduetsche Landesbank Girozentrale, CoBank ACB and Banco Santander SA.
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To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net
To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net
