2022-01-21
http://w3.windfair.net/wind-energy/news/39508-leeward-renewable-energy-repowering-wind-farm-crescent-rirdge-financing-investment-tax-equity-illinois-turbine-construction

Leeward Renewable Energy finishes repowering project in Illinois

Image: PixabayImage: Pixabay
Leeward Renewable Energy has announced the company has successfully completed the full-scale repower of its Crescent Ridge Wind Farm located in Tiskilwa, Illinois, in the last months.

Official Press Release Leeward Renewable Energy:

Leeward Renewable Energy Completes Repowering of Crescent Ridge Wind Project

$92 million secured in financing and tax equity funding

Leeward Renewable Energy, LLC (Leeward) today announced the company has successfully completed the full-scale repower of its Crescent Ridge Wind Project (“Crescent Ridge”) located in Tiskilwa, Illinois. The 54.4 megawatt (MW) Crescent Ridge repower included decommissioning nine turbines, repowering 24 legacy turbines and constructing four new turbines. The upgrades utilize the latest Vestas technology, enhancing turbine capacity, reliability and performance, while reducing operating costs. Wells Fargo served as coordination lead arranger, administrative agent, and collateral agent on the $92 million financing for the project, including a construction plus a five-year term loan, tax equity... ... More: Official Press Release Leeward Renewable Energy

Keywords:
Leeward Renewable Energy, repowering, wind farm, Crescent Rirdge, financing, investment, tax equity, Illinois, turbine, construction







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