First Wind aims to put more financing in its sails

First Wind Holdings Inc. could have gone public in October, but it wouldn’t have been on ideal terms, the company’s CEO said.

“We could’ve done a deal,” CEO Paul Gaynor said in a recent interview. But the company would have only pulled in about $200 million from investors, far short of what the company had hoped to raise through the IPO. The proceeds would have been used as equity for new projects and to pay off a high-interest loan.

Now, the Boston-based wind farm developer is pursuing Plan B. The company expects to complete private financing in the range of ...