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Prima / Noutati / Western Wind Energy closes funding for $300m Windstar projects
Western Wind Energy closes funding for $300m Windstar projects
17.12.2010  
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http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/wind/western-wind-energy-closes-funding-for-300m-windstar-projects.html

Renewable energy producer Western Wind Energy is set to begin construction of a $300m wind power project after closing the relevant credit facilities.

The US-based company expects to secure at least $70m in federal tax-free cash grant funds, based on the 120MW Windstar project. Half the proceeds from the project will also be eligible for tax depreciation, Western Wind’s CEO Jeffrey Ciachurski said in a release.
Western Wind said it anticipates that the project will be a ‘transformational asset’ for the company.
Western Wind is a vertically-integrated renewable energy electrical production company that owns more than 500 wind turbines with an aggregate rated power capacity of 34.5MW.
It has also formed expanded power purchase agreements in California and Arizona states, for an additional 131MW of power capacity.
Western Wind also owns additional solar and wind energy development assets in these states, as well as in Ontario, Canada and in the Commonwealth of Puerto Rico.
Western Wind owns and acquires land for the production of wind and solar electricity.

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