Leeward Renewable Energy has closed construction financing to repower its 90-MW Aragonne Wind project and the construction of the new 145-MW Aragonne Mesa Wind project.
Under a previously announced power purchase agreement with Arizona Public Service Company (APS), the projects, which will use GE wind turbine technology, will provide a combined 200 MW of wind power generation to APS over a 20-year period. The Aragonne Repower and Aragonne Mesa projects, both located in Guadalupe County, New Mexico, will help APS achieve its goal of delivering 100% clean, carbon-free electricity to its customers by 2050.
“We are excited to have completed the financings for our Aragonne projects in partnership with Wells Fargo and Santander – two well-respected leaders in the renewable financial community,” commented Chris Loehr, Chief Financial Officer at Leeward. “We are grateful to Wells Fargo and Santander for their partnership and investment as Leeward continues to modernize and expand our fleet of projects and deliver clean, renewable energy to our customers.”
Construction of the Aragonne Repower and Aragonne Mesa projects has already commenced and is expected to be completed by December 2021.
News item from Leeward Renewable Energy
Filed Under: News, Projects