Cordelio brings online 185-MW wind farm to serve Microsoft
Wind turbines in Illinois, USA. Author: Tom. License: Creative Commons. Attribution 2.0 Generic.
Cordelio Power, a renewable power producer fully owned by Canada Pension Plan Investment Board (CPP Investments), on Tuesday said it has launched commercial operations at its 185-MW Glacier Sands wind farm in Illinois.
Located in Mason County, the plant will be selling its entire output to Microsoft Corporation (NASDAQ:MSFT) under a 15-year power off-take deal.
The wind park is equipped with 43 Vestas V150-4.3 turbines. White Construction, a subsidiary of Infrastructure and Energy Alternatives Inc (NASDAQ:IEA), handled its installation, while K2 Management delivered project and construction management services.
Together with reaching the commercial operations date, Cordelio said it has also completed project financing for Glacier Sands. The developer’s tax equity partner, Berkshire Hathaway Energy Investment Group has funded its initial investment and the remaining part of the original construction debt has been converted into a term loan. The transaction was coordinated by Rabobank and the financing was provided by affiliates of Rabobank, Bank of Montreal, National Bank of Canada and MUFG.
At present, Cordelio owns over 1.2 GW of renewable power plants across the US and Canada.
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.