Tenaska closes US$158 million financing for 250 MW Nobles 2 project in Minnesota

Tenaska has closed US$158 million in commercial financing for the Nobles 2 wind project, which is under construction in Nobles County in southwest Minnesota.

Associated Bank, BNP Paribas, CoBank, Credit Agricole and Helaba are providing the debt financing for the project.

The Nobles 2 wind farm is owned by Nobles 2 Power Partners, LLC, which is comprised of affiliates of Tenaska and ALLETE, Inc.

Construction of the 250 MW Nobles 2 wind farm, located near Wilmont in Nobles County, began in August. Vestas is supplying 74 wind turbines and will provide maintenance services for the project. Mortenson is the engineering, procurement and construction (EPC) contractor.

Commercial operation is anticipated in 2020. When complete, the Nobles 2 wind farm will deliver power under a 20-year power purchase agreement with Minnesota Power.