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CPV completes financing for Kansas wind farm

CPV Renewable Energy Company has closed financing for the construction of its 165.6 MW Cimarron Wind Energy Project in Gray County, Kansas, USA.

By Kari Williamson

Construction started in December 2011 and the wind farm is expected to start commercial operation in November 2012.

The wind farm will consist of 72 Siemens 2.3 MW wind turbines, and will sell its output to the Tennessee Valley Authority (TVA) under a 20-year power purchase agreement.

The wind farm project is managed by a CPV affiliate, is being constructed by Wanzak Construction, a MasTec Company, and will be operated by North American Energy Services.

Coordinating Lead Arrangers Bank of Tokyo Mitsubishi UFJ and Union Bank of California were joined by Mandated Lead Arrangers Helaba, Siemens Financial Services and Lloyds in providing US$262.8 million of senior credit facilities.

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