Siemens Financial Services Provides Senior Secured Credit Facility To Windy Point Partners II

Posted by NAW Staff on October 12, 2009 No Comments
Categories : Projects & Contracts

Windy Point Partners II LLC is a getting a financial boost for its project in Klickitat County, Wash. An affiliate of Cannon Power Corp., Wind Point Partners has received a $178 million senior secured credit facility from Siemens Financial Services Inc. (SFS).

The Windy Flats wind project will use the funds for additional Siemens wind turbines and to recapitalize a portion of an existing credit facility.

‘Providing the funding for this major wind project's expansion was particularly gratifying in that it allowed SFS to value-add Siemens technology to its financing solution and further underscores our overall commitment to support renewable energy,’ says Roland Chalons-Browne, president and CEO of SFS.

SOURCE: Siemens Financial Services

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