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.
More at Pacific Business News
Showing posts with label first wind holdings. Show all posts
Showing posts with label first wind holdings. Show all posts
Wednesday, March 21, 2012
Wednesday, November 30, 2011
Oahu wind farm project faces federal grant deadline
Hawaii regulators have two weeks to approve a contract for a wind farm on the North Shore of Oahu in order for developer First Wind to take advantage of a federal grant that would cover 30 percent of the project's costs.
More at Pacific Business News
More at Pacific Business News
Friday, July 15, 2011
State signs off on North Shore wind farm plans
Developer First Wind LLC hopes to have its second project on Oahu generating electricity by next year
By Alan Yonan Jr. A second wind project on Oahu's North Shore, designed to be twice as large as the recently completed Kahuku plant, could be producing power as soon as next year.
First Wind LLC has completed an environmental impact statement for a proposed 70-megawatt wind energy project on former sugar cane land northeast of Haleiwa that would be the state's largest, generating enough energy to supply 14,500 homes.
More at the Honolulu Star Advertiser
Friday, March 25, 2011
Wind farm in Kahuku powers up
The state’s world-class tradewinds are now producing electricity for Oahu homes and businesses.
Officials from First Wind LLC, Hawaiian Electric Co. and state government will gather in Kahuku today to dedicate the island’s first large-scale wind farm. The 30-megawatt facility developed by Boston-based First Wind officially began selling electricity to HECO yesterday, allowing Oahu to join Maui and the Big Island in the effort to harness Hawaii’s famous winds.
More at the Star Advertiser
Officials from First Wind LLC, Hawaiian Electric Co. and state government will gather in Kahuku today to dedicate the island’s first large-scale wind farm. The 30-megawatt facility developed by Boston-based First Wind officially began selling electricity to HECO yesterday, allowing Oahu to join Maui and the Big Island in the effort to harness Hawaii’s famous winds.
More at the Star Advertiser
Saturday, July 31, 2010
Kahuku wind farm lands $117M loan guarantee
First Wind Holdings LLC has closed on a $117 million loan guarantee from the U.S. Energy Department to build a wind farm in Kahuku, the federal agency said yesterday.
The 30-megawatt project is being built by Kahuku Wind Power LLC, a unit of Newton, Mass.-based First Wind. The project is expected to create more than 200 jobs, the Department of Energy said in a news release.
The power will be sold to Hawaiian Electric Co., Oahu's only electric utility, under a 20-year contract. First Wind broke ground on the project this month and plans to complete it by early 2011.
More at the Star Advertiser
The 30-megawatt project is being built by Kahuku Wind Power LLC, a unit of Newton, Mass.-based First Wind. The project is expected to create more than 200 jobs, the Department of Energy said in a news release.
The power will be sold to Hawaiian Electric Co., Oahu's only electric utility, under a 20-year contract. First Wind broke ground on the project this month and plans to complete it by early 2011.
More at the Star Advertiser
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