Hawaii's Biggest Wind Farm Locks Down $236M Loan

Law360, New York (March 20, 2012, 5:30 PM EDT) -- A group of U.S., Canadian and German banks has made a $236 million project loan to what will be Hawaii's biggest wind farm, developer First Wind Energy LLC said Tuesday.

Union Bank NA led a six-bank consortium, which delivered a $220 million nonrecourse construction and term loan and $16 million in letters of credit for the 69-megawatt Kawailoa project, First Wind said. BayernLB, Rabobank, Siemens Financial Services GmbH, Canadian Imperial Bank of Commerce and CoBank ACB also contributed financing.

The Kawailoa Wind onshore project on Oahu's...
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