http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/wind/duke-energy-secures-231m-to-finance-wind-projects.html

Duke Energy’s renewable energy development and energy generation services unit has secured $231m in non-recourse credit facilities, including an 18-year loan of $193m and nearly $38m in credit letters.

The developer plans to use the funding to finance its continued investment in renewable power, primarily in the 200MW Top of the World wind farm that it brought online in October. All of the power from the wind farm, which incorporates 66 General Electric turbines and 44 Siemens turbines, is sold to PacifiCorp under a 20-year power purchase agreement.
‘We’ve spent more than $1.5bn to grow our commercial wind power business over the last three years, and financing the Top of the World Windpower Project will help fuel additional investments in renewable energy,’ said Keith Trent, group executive and president of Duke Energy’s commercial businesses.
Duke Energy will not stop at the financing arranged by Bank of Tokyo-Mitsubishi UFJ, along with BBVA, Societe Generale and Caja Madrid, as it intends to explore opportunities to finance its commercial renewable energy business and accelerate further growth, according to Duke Energy’s senior vice president and treasurer Stephen De May.
‘Our strong financial position and track record in developing power generation projects make Duke Energy an attractive partner for banks,’ he said.
Duke Energy owns and operates 986MW of commercial wind power generation in the US, including four wind farms in Wyoming.