News / Rabobank to arrange Project Financing for Utah wind project

Rabobank to arrange Project Financing for Utah wind project

🕔 August 29, 2013
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Greenbriar Capital Corp. has announced that Rabobank has been mandated to arrange project financing for the construction of the 80 MW Blue Mountain Wind Project located in Utah. Financial Close for this loan will be subject to the usual and customary due diligence for a wind project as well as lender approvals. $150 million in nonrecourse project debt and tax equity is sought.

Greenbriar Capital Corp. has also engaged Rabo Securities USA, Inc., a U.S. registered broker-dealer and affiliate of Rabobank, as its exclusive financial advisor in connection with the placement of limited partnership interests in the 80 MW Blue Mountain Utah wind project.

Recently, Greenbriar Capital Corp. completed the formal acquisition agreement for project. The agreement, signed with Champlin Windpower LLC, granted Greenbriar an immediate 50 % interest which can increase to full ownership interest after the completion of two milestone tasks.

Blue Mountain has a 20-year power purchase agreement with Pacificorp.

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