Leeward secures financing for 145 MW Panorama wind project in Weld County

Leeward Renewable Energy, LLC has closed construction financing and secured tax equity commitments for its Panorama Wind Farm located in Weld County, Colorado. MUFG Bank, Ltd. served as coordinating lead arranger, bookrunner, and administrative agent for the approximately US$190 million financing. The financing is comprised of a construction loan, tax equity bridge loan, and back leverage term loan commitment. National Australia Bank, Silicon Valley Bank, and Helaba Group served as part of the lending group and Goldman Sachs provided a US$135 million tax equity commitment.

Vestas-American Wind Technology supplied the 66 wind turbine generators that will have the capacity to generate 145 megawatts (MW) of clean energy. Under a previously announced power purchase arrangement with Guzman Energy, the project will generate affordable electricity for approximately 53,000 homes in Colorado, New Mexico, and Wyoming.

Construction of the Panorama Wind Farm has commenced and is expected to be completed in the second quarter of 2022.