The AES Corporation (AES) has announced it has reached financial close on the 49MW Mountain View IV wind project located in Palm Springs, California. The project expands AES' operational wind platform in California to approximately 200MW.
Electricity generated by Mountain View IV will be sold to Southern California Edison Company under a 20 year, fixed price Power Purchase Agreement, and commercial operation is expected by the end of 2011. The project is owned by AES Wind Generation, a wholly owned subsidiary of The AES Corporation, and debt financing for the project was underwritten by MUFG Power & Utilities Group. Mountain View IV will consist of 49 Mitsubishi MHI MWT62/1.0 1MW wind turbine generators. The wind turbines will be erected on 60-meter towers in compliance with the height parameters set forth by the City of Palm Springs.
Electricity generated by Mountain View IV will be sold to Southern California Edison Company under a 20 year, fixed price Power Purchase Agreement, and commercial operation is expected by the end of 2011. The project is owned by AES Wind Generation, a wholly owned subsidiary of The AES Corporation, and debt financing for the project was underwritten by MUFG Power & Utilities Group. Mountain View IV will consist of 49 Mitsubishi MHI MWT62/1.0 1MW wind turbine generators. The wind turbines will be erected on 60-meter towers in compliance with the height parameters set forth by the City of Palm Springs.
