A wind farm project near Goldendale in Klickitat County received $178 million in funds from Siemens Financial Services Inc. (SFS) to expand.
Windy Point Partners II LLC received the senior secured credit facility to buy more Siemens wind turbines and to recapitalize existing debt. Windy Point Partners is an affiliate of Cannon Power Corp. of San Diego, which is developing the project.
“Providing the funding for this major wind project’s expansion was particularly gratifying in that it allowed SFS to value-add Siemens technology to its financing solution and further underscores our overall commitment to support renewable energy,” said Roland Chalons-Browne, president and CEO of SFS Inc., in a statement.
Puget Sound Business Journal – http://seattle.bizjournals.com/seattle/stories/2009/10/12/daily5.html