AES Announces Financial Close On 49 MW California Wind Project

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AES Corp. has reached financial close on the 49 MW Mountain View IV wind project located in Palm Springs, Calif. The project expands AES' operational wind platform in California to approximately 200 MW. Electricity generated by the project will be sold to Southern California Edison Co. under a 20-year, fixed-price power purchase agreement. Commercial operation is expected by the end of the year.

The project is owned by AES Wind Generation, a wholly owned subsidiary of AES, and debt financing for the project was underwritten by MUFG Power & Utilities Group.

Mountain View IV will consist of 49 Mitsubishi MHI MWT62/1.0 1 MW wind turbine generators. The wind turbines will be erected on 60-meter towers in compliance with the height parameters set forth by the City of Palm Springs.

SOURCE: AES Corp.

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