Wind project receives $1.3 billion guarantee
The loan is funded by a group of 26 institutional investors and commercial banks led by Citigroup Inc, Bank of Tokyo-Mitsubishi UFJ, Ltd, and RBS Securities.
The $2 billion Shepherds Flat project, being developed by independent power producer Caithness Energy, will span some 30 square miles 78 sq km and have the capacity to generate 845 megawatts of electricity. That is enough to meet the needs of 235,000 typical homes in California, where most of the power generated will be sold.
The Shepherds Flat wind farm will supply energy to Southern California Edison, a unit of Edison International.
Earlier this month, General Electric Co had won a $1.4 billion contract from energy producer Caithness Energy LLC to supply wind turbines for what will eventually be the world's biggest wind farm.
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Alberta is a powerhouse for both green energy and fossil fuels
CALGARY - By Chris Varcoe, Calgary Herald
A few things are abundantly clear about the state of renewable energy in Alberta today.
First, the demise of Alberta’s Renewable Electricity Program (REP) under the UCP government isn’t going to see new projects come to a screeching halt.
In fact, new developments are already going ahead.
And industry experts believe private-sector companies that increasingly want to purchase wind or solar power are going to become a driving force behind even more projects in Alberta.
BluEarth Renewables CEO Grant Arnold, who spoke Wednesday at the Canadian Wind Energy Association conference, pointed out the sector is poised to keep…
