{"id":443103,"date":"2010-03-18T12:03:04","date_gmt":"2010-03-18T16:03:04","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=7088"},"modified":"2010-03-18T12:03:04","modified_gmt":"2010-03-18T16:03:04","slug":"terra-gen-power-locks-down-394-million-in-financing-for-alta-wind-i","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/443103","title":{"rendered":"Terra-Gen Power Locks Down $394 Million in Financing for Alta Wind I"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Funding\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/wind.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Wind\" \/><\/p>\n<p>Terra-Gen Power has <a href=\"http:\/\/www.prnewswire.com\/news-releases\/terra-gen-power-announces-closing-of-394-million-construction-financing-for-alta-wind-i-88381157.html\">scored $394 million in financing<\/a> for the 150-megawatt Alta Wind I project in California.<\/p>\n<p>The financing will be used to complete construction on the project in Tehachapi, Calif., which is using General Electric 1.5 SLE wind turbine generators and is slated to start delivering energy to Southern California Edison customers in 2011.<span id=\"more-7088\"><\/span><\/p>\n<p>The lender group includes Union Bank N.A., Prudential Investment Management, Cooperative Centrale Raiffeisen-Boerenleenbank BA and Banco Santander SA. Credit Agricole CIB and Natixis acted as bookrunners and structured the financing.<\/p>\n<p>The project is the first phase of the planned 3,000 MW Alta Wind Energy Center.<\/p>\n<p>The financing includes a seven-year construction and tem loan, ancillary credit facilities and a bridge loan to the investment tax credit (ITC) from the U.S. Department of Energy.<\/p>\n<p>Terra-Gen is <a href=\"http:\/\/greenenergyreporter.com\/2009\/10\/global-infrastructure-partners-enters-clean-energy-space-with-terra-gen-investment\/\">owned by<\/a> Boston-based ArcLight Capital Partners and GIP, the Stamford,Conn.-based infrastructure fund headed by Adebayo Ogunlesi.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/Q-Um9fuU848\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terra-Gen Power has scored $394 million in financing for the 150-megawatt Alta Wind I project in California. The financing will be used to complete construction on the project in Tehachapi, Calif., which is using General Electric 1.5 SLE wind turbine generators and is slated to start delivering energy to Southern California Edison customers in 2011. [&hellip;]<\/p>\n","protected":false},"author":854,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-443103","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/443103","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\/854"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=443103"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/443103\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=443103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=443103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=443103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}