Rabobank to Arrange Financing for Utah Wind Power Project

Rabobank Group, the largest Dutch mortgage lender, will arrange financing for an 80-megawatt wind farm in Utah being developed by Greenbriar Capital Corp. (GRB)

The Blue Mountain Wind Project will sell power to MidAmerican Energy Holdings Co. utility unit PacifiCorp under a 20-year power contract once operational, Coquitlam, British Columbia-based Greenbriar said today in a statement.

Blue Mountain’s total cost will be $135 Million and completion is set for as early as the third quarter of 2014, Jeff Chiachurski, chief executive officer of Greenbriar, said in an e-mail.

The project was seeking $150 million in non-recourse project debt and tax equity, Greenbriar said on Aug. 3.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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