First Wind has announced that it has obtained US$ 254 million in financing for its South Plains Wind project in Floyd County, Texas.
Mitsubishi UFJ Financial Group (MUFG) has committed tax equity for the project. BayernLB is providing term debt financing for the project. The 200MW South Plains Wind project is located on approximately 51,000 acres in Floyd County, northeast of Lubbock, Texas and will consist of 100 V100 Vestas turbines with a capacity of 2MW each. Once complete, the project is expected to deliver power to the ERCOT (Electric Reliability Council of Texas) power markets through the CREZ (Competitive Renewable Energy Zone) transmission system. The project will be completed and online by the end of 2015.