The Deal: A Novel Pre-pay Approach for a Wind Power Project

Happy Watts – Cannon Power Group, a San Diego wind energy developer, closed a $178 million financing deal with Siemens Financial Services in October, allowing it to expand an existing wind generation project in southern Washington State. The Siemens arrangement is only part of the story, however. Cannon combined a government grant with a pre-pay agreement involving a public power authority to complete the financing. The structure is novel and well suited to the current financial climate. via Renewable Energy World>>


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s