Samsung, Others Secure $850M For Canadian Wind Project

Law360, New York (March 24, 2014, 3:32 PM EDT) -- Samsung Renewable Energy Inc., Pattern Energy Group LP and Capital Power LP have secured $850 million in financing for the 270-megawatt K2 wind power project in Goderich, Ontario, they said Monday.

The project developers said that they secured the $850 million from 15 undisclosed financial institutions in the form of a construction loan that will ultimately convert to long-term operational debt. In addition, the developers said that work on the project, which is being performed by local workers, began on Monday.

Mike Garland, CEO of Pattern...
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