First Wind Obtains Tax Equity Financing for its Steel Winds Power Project
BOSTON, Aug 28, 2008 (BUSINESS WIRE) -- First Wind, an independent developer of wind power in the United States, today announced that Lehman Brothers Holdings. Inc. has funded a tax equity investment in the 20 megawatt (MW) Steel Winds wind power project operating in Lackawanna, N.Y.
This project was built with the first eight 2.5 MW Clipper "Liberty" turbines produced at Clipper's Cedar Rapids facility.
"We're pleased to close and fund this tax equity financing of Clipper turbines with one of the world's top investment banks," said Tim Rosenzweig, First Wind's SVP of Finance. "The Lehman Brothers financing follows the successful turbine supply and construction loans for Clipper equipment we closed with HSH Nordbank and Nord LB last year."
(Click to read entire press release)
This project was built with the first eight 2.5 MW Clipper "Liberty" turbines produced at Clipper's Cedar Rapids facility.
"We're pleased to close and fund this tax equity financing of Clipper turbines with one of the world's top investment banks," said Tim Rosenzweig, First Wind's SVP of Finance. "The Lehman Brothers financing follows the successful turbine supply and construction loans for Clipper equipment we closed with HSH Nordbank and Nord LB last year."
(Click to read entire press release)
posted by SARTRE at 7:43 AM - permanent link
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