$191M in Loans for First Wind

Newton, MA-based wind farm developer and operator First Wind said today that it has lined up two major loans totaling $191 million. The first is an 8.5-year, $115 million term loan from Canada’s Alberta Investment Management Corporation (AIMco), and the second is a 1-year, $76 million loan from Hamburg, Germany-based HSH Nordbank. The HSH Nordbank loan will go toward expansion of First Wind’s Stetson Mountain wind project in Maine (profiled here in January 2008).

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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