Suzlon-Powered Wind Project Receives Financing


Suzlon Wind Energy Corp., the North American subsidiary of Suzlon Energy Ltd., has announced that the owners of the Grant County wind farm, powered by 10 Suzlon S88-2.1 MW wind turbines, have closed on long-term financing.

Olympus Power LLC's financing agreement, arranged with Prudential Capital Group, includes a purchase of $20 million in senior secured notes for a term of 18.8 years and fixed interest.

The 20 MW project, located in Grant County, Minn., began generating electricity in 2010.

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