Summit Power Nets Funding For Alaska Wind Turbines

Law360, New York (December 16, 2011, 5:46 PM EST) -- Summit Power Group LLC has secured financing for 11 wind power turbines in Alaska, which moves developer Cook Inlet Region Inc. one step closer to completing a plan it has been working on since 2005, the firms said Friday.

Construction of the wind turbines, which will provide power to Fire Island, Alaska, will begin immediately for completion by late 2012, the firms said in a statement. Summit Power, which will develop the project for client Cook Inlet Region, did not disclose the amount of the financing or the source....
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