First Wind Closes $254 Million Financing for Wind Farm in Texas

Nov. 6 (Bloomberg) — First Wind Holdings Inc., a Boston-based renewable-energy developer, arranged $254 million in
financing for a wind farm in Texas.

Mitsubishi UFJ Financial Group Inc. is committing tax
equity, and BayernLB Holdings AG will provide debt financing for
the 200-megawatt South Plains wind farm, First Wind said in a
statement today. Terms weren’t disclosed.

The project in Floyd County, northeast of Lubbock, will use
100 2-megawatt Vestas Wind Systems A/S turbines.

South Plains is First Wind’s second renewable-energy
project in Texas and is expected to begin producing power by the
end of next year. The company’s 150-megawatt Route 66 wind
project also is scheduled for completion in 2015.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Tina Davis

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