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.
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