First Wind has closed on $236 million in financing for what will be the largest wind power project in Hawaii, the 69-megawatt Kawailoa Wind farm on Oahu’s North Shore.
A subsidiary of Boston-based First Wind closed on a loan of $220 million and $16 million in letters of credit for the project from lead lender Union Bank, along with Bayern AB, Rabobank and Siemens Financial Services , the company said in a statement. CIBC and CoBank also participated in the financing, the company said.
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