Cordelio Power achieves financial close, commissions 185 MW Glacier Sands wind project in Illinois
Cordelio Power has commissioned its 185 MW Glacier Sands wind project in the US. The project, located in Mason County, Illinois, is comprised of 43 Vestas V150-4.3 wind turbines. The wind farm will sell 100% of its renewable energy under a 15-year contract with Microsoft.
Simultaneously with commercial operations, the Glacier Sands project financing was completed. Cordelio’s tax equity partner, Berkshire Hathaway Energy Investment Group, has funded its initial investment, and the remaining portion of the original construction loan has been converted into a term loan coordinated by Rabobank and provided by affiliates of Rabobank, Bank of Montreal, National Bank of Canada, and MUFG.
Country updates
-
-
December 14, 2021
Contracts signed for two major transmission projects in New York
New York authorities have finalized contracts for the Clean Path NY project, a US$11 billion infrastructure project that would feature more than 20 solar and wind plants and a 174-mile undergroun...
Read more -
December 10, 2021
Invenergy orders Vestas turbines for 235 MW Sapphire Sky Wind Energy Center in Illinois
Vestas has secured a 235 MW order of V150-4.2 MW turbines and V136-3.45 MW turbines in 3.6 MW operating mode from Invenergy to power the Sapphire Sky wind project in Illinois, USA. The order includes...
Read more -
December 08, 2021
DESRI signs PPA with Entergy Louisiana for 350 MW solar projects in Louisiana
DE Shaw Renewable Investments (DESRI) has signed power purchase agreements (PPAs) with Entergy Louisiana LLC for the three solar photovoltaic farms it is currently developing in Louisiana, USA.&n...
Read more -
December 07, 2021
Ares closes refinancing of Panda Power’s 778 MW Stonewall combined-cycle power plant
Ares Management Corp has closed the refinancing of Panda Power’s 778 MW combined-cycle, gas-fired Stonewall project in Virginia, USA. Panda Power has earlier lined up lenders to refinance a US$...
Read more -
December 07, 2021
Commercial operations start for 800 MW wind link in USA
Pattern Energy Group LP and the New Mexico Renewable Energy Transmission Authority (RETA) announced that the Western Spirit Transmission line has been energized and is fully operational.
Read more
