![\"\"](\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" "\\"Funding\\"")
![\"\"](\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/wind.png\" "\\"Wind\\"")
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In exchange for the financing GE Energy Financial Services is getting the wind farm’s production tax credits, the company said in a release issued today.<\/p>\n CPV is funding the rest of the project with equity and a $212 million\u00a0project finance loan arranged by The Bank of Tokyo-Mitsubishi and Union Bank, formerly known as the Union Bank of California. Also funding the project are Key Bank, Helaba, LBBW, Natixis and Rabo Bank.<\/p>\n Keenan II is backed by\u00a0a 20-year power purchase agreement with Oklahoma Gas & Electric Company.<\/p>\n Wind comprises nearly 80 percent of GE Energy Financial Services\u2019 renewable energy portfolio. The portfolio includes equity investments in 47 wind farms with a total capacity to produce 6 gigawatts of electricity, as well as loans to 36 wind farms totaling 1.3 gigawatts.<\/p>\n Last year GE Energy Financial Services, said\u00a0it was on track to meet its goal of having $6 billion invested in renewable energy<\/a> by the end of 2010. Last December\u00a0it invested $228 million<\/a> in a string of wind-generated power plants owned and operated by Horizon Wind Energy, the North American unit of Portugal\u2019s EPD Renewables.<\/p>\n CPV Renewable Energy Company has scored a $65 million equity investment from GE Energy Financial Services to support the construction of the $319 million, 152 megawatts Keenan II wind farm in Oklahoma. The project is scheduled for completion by year\u2019s end and GE\u2019s energy financing unit could invest an additional\u00a0 $100 million in the project […]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-329247","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=329247"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329247\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=329247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=329247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=329247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"http:\/\/www.renewbl.com\/wp-content\/uploads\/2009\/11\/blue-canyon-wind-farm.jpg\")
CPV Renewable Energy Company has scored a $65 million equity investment from GE Energy Financial Services to support the construction of the $319 million, 152 megawatts Keenan II wind farm in Oklahoma. The project is scheduled for completion by year\u2019s end and GE\u2019s energy financing unit could invest an additional\u00a0 $100 million in the project once it goes live. <\/span><\/p>\n<\/p>\n","protected":false},"excerpt":{"rendered":"