First Wind Receives $206 Million Financing for Route 66 ProjectJustin Doom
First Wind Holdings Inc., a Boston-based renewable-energy developer, is getting $206 million for its Route 66 project in Texas.
Morgan Stanley and Banco Santander SA arranged the financing and provided tax equity, according to a statement today from First Wind. BayernLB Holdings AG provided debt financing.
The 150-megawatt project in Armstrong and Carson counties is expected to deliver power to the Electric Reliability Council of Texas. Morgan Stanley Commodities is providing a long-term power hedge.
John Lamontagne, a First Wind spokesman, didn’t immediately return messages seeking comment.