Tenaska closes debt for 242-MW under-construction wind farm in Missouri

Vestas wind turbines. Author: Siebe Schootstra.

April 19 (Renewables Now) - US energy company Tenaska has closed USD 302 million (EUR 268.6m) in financing for its 242-MW Tenaska Clear Creek wind farm that is under construction in Missouri, it said on Thursday.

The commercial financing was provided through debt from BNP Paribas (EPA:BNP), CoBank, Credit Agricole (EPA:ACA), Helaba and KeyBank.

Currently being built in Missouri’s Nodaway County, the wind park will be put into service late this year. It will use 111 turbines by Vestas Wind Systems (CPH:VWS), the output of which will be sold to Associated Electric Cooperative Inc under a 25-year power purchase agreement signed in February. Denmark's Vestas will be in charge of operating and maintaining the plant.

Mortenson Construction is the engineering, procurement and construction (EPC) contractor. It is expected that during the peak construction phase, the Tenaska Clear Creek scheme will open over 200 job positions, while up to 15 full-time jobs will be created once it is switched on.

Nebraska-headquartered Tenaska has a portfolio totalling 8 GW that includes natural gas and renewable energy assets.

(USD 1.0 = EUR 0.889)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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