Leeward Renewable Power has closed roughly tax fairness commitments and debt amenities for its GSG Wind undertaking.
The repowered GSG Wind is anticipated to be operational subsequent month. Leeward just lately decommissioned the 40 generators that comprised the corporate’s legacy 80 MW wind facility and commenced building on 26 new generators with enhanced capability.
The undertaking is located on 3,000 acres close to West Brooklyn, Illinois, and first reached business operation in 2007. It featured Gamesa G87 2.0 MW wind generators and interconnects to ComEd’s transmission system in PJM territory.
“This key milestone displays the continued confidence from main monetary establishments and educated buyers in LRE’s development plans and our means to execute,” says Chris Loehr, senior vice chairman of finance at Leeward. “We’ve accomplished a file quantity of financing for LRE initiatives this yr and we’re wanting ahead to carrying this momentum into 2024.”
The tax fairness dedication was made by Wells Fargo Financial institution, and the debt facility was offered by Mizuho Financial institution Ltd., Nationwide Financial institution of Canada, Société Générale and Sumitomo Mitsui Belief Financial institution Ltd.
As beforehand introduced, LRE will recycle or reuse 100% of the wind turbine blades from the decommissioned generators at GSG Wind.
