North American Windpower: juwi Wind Nets Financing For Minnesota Wind Project

juwi Wind Nets Financing For Minnesota Wind Project

in News Departments > Projects & Contracts

by NAW Staff on Tuesday 13 November 2012

juwi Wind has secured financing for the Community Wind South project, a 30 MW wind farm in southwestern Minnesota that is currently under construction.

Deutsche Zentral-Genossenschaftbank (DZ Bank AG) served as the mandated lead arranger and provided the construction, investment tax credit cash-grant bridge and term loans. KfW IPEX also joined the transaction as a lender.

Jeff Chester, from Kaye Scholer, and his team represented juwi Wind, and Rob Goldberg, from Mayer Brown, and his team represented DZ Bank AG.

The project features 15 REpower MM92 turbines with 100-meter towers, and the power from the project will be sold to Xcel Energy under a long-term purchase agreement. The project is expected to be completed by the end of this year.

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