Financing in place for Flat Water Wind Farm in Nebraska
Tax equity financing is in place for Gestamp Wind's recently completed 60 MW Flat Water Wind Farm in Nebraska, USA.
U.S. Bancorp, the parent company of U.S. Bank, and Banco Santander have invested in tax equity for the project. Additional funds were secured from Rabobank and Third Planet Wind Power, an affiliate of the Morgan Stanley Renewable Development Fund.
Located in Richardson County roughly 140 km south of Omaha near Falls City, Nebraska, the project was completed in December 2010 and has a total generating capacity of 60 MW.
The site is comprised of 60 GE wind turbines, each capable of producing 1.5 MW.
A 20-year Power Purchase Agreement (PPA) is in place with Omaha Public Power District (OPPD) to purchase 100 % of the 213 GW produced by the wind farm annually.
Alejandro Burgaleta, CFO of Gestamp Wind, has commented:
"This project has been the culmination of more than three years of planning and hard work by those dedicated to the idea of providing tomorrow's energy sources today. U.S. Bank was a natural partner due to their leadership and experience in the tax equity market."
Omaha Public Power District (OPPD) is a publicly owned electric utility which serves more customers than any other electric utility in Nebraska. It is targeting to source 10 % of the electricity it sells from renewables by 2020.
Country news
-
-
August 06, 2015
Ramesh Raman Joins Arup's Energy Transaction Advice Group
Arup has announced that Ramesh Raman has joined its New York office as an associate principal and the energy leader in the Transaction Advice group. Read more -
August 06, 2015
TerraForm Global prices $810 million of green bonds
TerraForm Global, through its indirect subsidiary TerraForm Global Operating, has priced US$810 million aggregate principal amount of 9.75% senior notes due 2022. Read more -
August 06, 2015
Building Energy awarded preferred bidder status for 16.8 MW photovoltaic plant in Annapolis, Maryland
Building Energy, an Italian independent power producer from renewable sources, has been selected as preferred bidder for the development of the 16.8 MW Annapolis Solar Park in USA.
Read more -
August 07, 2015
Renewable Energy Group to acquire Imperium Renewables
Renewable Energy Group (REG) and Imperium Renewables have signed an asset purchase agreement where REG would acquire substantially all the assets of Imperium. Read more -
August 07, 2015
SunEdison closes financing for 300 MW wind farm In Texas
SunEdison has closed financing and begun construction on the 300 MW South Plains II wind farm in Floyd County, Texas (USA). Read more
