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Archive for Friday, January 13, 2012

2 wind farms in western Kansas secure financing

January 13, 2012

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— Developers of two separate wind farms in western Kansas say they have secured financing to complete the projects.

CPV Renewable Energy Co. has received $262.8 million to help construct a 165.6-megawatt wind farm near Cimarron in Gray County. The company says the financing comes from five investors, led by Bank of Tokyo Mitsubishi and Union Bank of California.

The Hutchinson News reports that the company expects the plant to be operating by November. The project will supply Tennessee Valley Authority with renewable energy.

Also this week, BP Wind Energy said it reached agreement with Sempra U.S. Gas & Power to invest more than $1 billion in a wind farm in Barber, Kingman and Harper counties, and another wind farm in Pennsylvania.

Comments

Shane Garrett 2 years, 3 months ago

I wonder if the return on investments will work? I am sure some studies were done but it would be nice to know.

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