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Leeward Renewable Energy Closes Financing For The Aragonne Repower And Aragonne Mesa Wind Projects

Jul 08, 2021•about 4 years ago
Dallas

Description

Leeward Renewable Energy, LLC (Leeward) today announced that it has closed construction financing and secured tax equity commitments for the repowering of Leeward’s 90 megawatt (MW) Aragonne Wind project (Aragonne Repower) and the construction of the new 145 MW Aragonne Mesa Wind project (Aragonne Mesa). Wells Fargo served as coordination lead arranger, administrative agent and collateral agent on the $262 million financing, which included a construction plus five-year term loan, tax equity bridge loan and a letter of credit facility. Santander served as a joint lead arranger.

Company Information

Company

Leeward Renewable Energy

Location

Dallas, Georgia, United States

About

Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 21 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$105 billion in net assets (as at December 31, 2020). For more information, visit www.leewardenergy.com.