Financing for 100-MW Northwest Ohio Wind Project finalized

A $200-million project that will add “about 40 new wind turbines” in Paulding County will sell 100% of its energy output to General Motors, Paulding Progress reports. Starwood Energy Group Global LLC, “a leading private investment firm focused on energy infrastructure,” recently announced “it has finalized agreements to finance and construct the 100-megawatt (MW) Northwest Ohio Wind Project,” according to the article. An “affiliate of Citi has committed to provide tax equity for the project” which “is contracted to sell 100 percent of its output to General Motors pursuant to a long-term power purchase agreement.” Citi’s global head of alternative energy finance, Marshal Salant, said the “innovative partnership highlights Citi’s commitment to sustainable growth and to financing the development of clean renewable energy infrastructure.” For more, read the full article

Project Finance, Renewable Energy, Sustainability, Wind