08 February 2010
US wind developer First Wind is currently putting together a bank financing for the second phase of its Milford wind project. The $250 million project would be financed in part with a construction loan, to be repaid with the proceeds of a US treasury cash grant and a prepayment from its offtaker. The structure resembles the $376 million deal that RBS put together for the first phase of Milford in April 2009, and RBS is thought to be working on the debt for phase II.
According to the developer's public filings, the Milford II project would have a capacity of 102MW, use 68 GE 1.5MW turbines, and like the first ...
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