US Developer Closes 170MW Colorado Wind Deal
25 Apr 2020 by Renews.BIZ
US company Leeward Renewable Energy has closed tax equity and construction financing for the 170MW Mountain Breeze wind farm in Colorado.
Funding totalling $162.9m has been closed, with Citi providing the project’s construction finance.
Mountain Breeze, which is located in Weld County, will comprise 62 GE turbines with individual output of 2.3MW and 2.82MW.
Construction is underway, with phase one of the project creating approximately 250 jobs, Leeward Renewable Energy said.
The project is scheduled for completion in December 2020.
The company has entered into a long-term power purchase agreement with Xcel Energy Colorado for electricity generated by the turbines.
Mountain Breeze will also contribute property tax payments to Weld County.
Leeward Renewable Energy interim chief executive Jason Allen said: “The financing of this wind farm marks an important milestone for Leeward.
“The continued investment from our financial partners allows us to provide our customers with a sustainable and clean energy alternative.
“Mountain Breeze is a great asset to our expanding renewable energy portfolio and will create significant benefits for our customers and Weld County.”
