First Wind Plots Financing For 2GW Pipeline

Newton, Mass.-based First Wind will likely be in the project finance market again this year as it looks to develop nearly 2 GW of projects in Hawaii, Maine, New York, Utah and Vermont. "First Wind is always looking to efficiently capitalize its projects and I wouldn't be surprised if we came to market again this year," says Steve Schauer, v.p. of finance. Wind development costs roughly $2 million per megawatt, project financiers say, bringing the portfolio's costs to $4 ...