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First Wind Secures $376M For UT Project

Royal Bank of Scotland is leading a group of investors providing $376 million in financing for Boston-based First Wind’s project to build a 97-turbine wind farm in Milford, UT, the company announced today. The other lenders include Banco Espirito Santo, Banco Santander, BNP Paribas, CoBank, HSH Nordbank, KeyBank, Société Générale and Credit Suisse. Separately, First Wind said today that Maine’s Department of Environmental Protection has approved its proposed 40-turbine Rollins Wind project in Penobscot County, Maine.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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