WestLB circled up a 12-year $215 million project financing for Starwood Arroyo, LLC, a Fort Lupton, Colo.-based 272 MW gas-fired combined cycle cogeneration power plant last week, sources said.
WestLB has added two wind farms to its pending project finance deal for the Dokie Wind Energy Project, said a source. The addition of the two wind farms increases the deal's size to $350 million from $214 million...
WestLB is set to launch a project financing for a wind farm in British Columbia, Canada, sources said. The 150 megawatt wind farm, called the Dokie Wind Energy Project, is sponsored by renewable energy developer EarthFirst Canada Inc. The $214 million deal will include a two-year construction period and will have a 20-year final maturity, with an average life in the 10- to 13-year range. Though the deal itself has no rating, it benefits from a 20-year power purchase agreement with British Columbia-based electric utility BC Hydro, which has a rating of AA' by Standard & Poor's. The deal is expected to launch in mid-February, and to price in March.
BNP Paribas was in the market last week with a 144A for the Panoche Energy Center in California. The deal has no registration rights and is $330 million in size, with a 21.5-year final, 14-year average life maturity. Standard & Poor's has a rating of BBB-' on the deal, which is expected to price this week.
WestLB last week launched a $318.7 financing for a wind-power project sponsored by RES Americas Inc., sources said. More than half of the deal will be...