February 12 (Renewables Now) - Clearway Energy Group has finalised debt financing for its 160-MW Rattlesnake Flat wind project in Washington and brought online a repowered wind farm in Texas.
The US company announced the milestones in two separate press statements on Tuesday. While it did not provide specific details about the financing deal, the company said it has secured debt for the Rattlesnake Flat scheme from KeyBanc Capital Markets Inc, Sumitomo Mitsui Banking Corp Mizuho Corporate Bank Ltd.
The Rattlesnake Flat wind farm will be installed in Washington’s Adams County, with its construction expected to open up to 250 jobs. The project has in place a 20-year power purchase agreement (PPA) with energy company Avista Corp (NYSE:AVA), which in 2019 committed to buy 50 average megawatts (MWa), or as much as 144 MW of nameplate capacity, from the power plant.
Additionally, Clearway has completed the repowering of the 161-MW Wildorado wind park in Texas’ Oldham County that was originally built in 2007. The power plant was repowered with Siemens Gamesa hardware that will extend its lifetime and lower operational and maintenance costs. The repowering was led by construction group Mortenson.