enXco has announced that it has closed on the project financing for the Shiloh II Wind Energy Project under construction in the Montezuma Hills Wind Resource Area of Solano County, California, USA.
Lenders to the projects are Nord/LB as lead administrative agent, Dexia
and Credit Industriel et Commercial; equity arranged by JP Morgan as
lead investor with Wells Fargo and New York Life rounding out the
investor group. Construction of the 150MW wind farm, consisting of 75
REpower 2MW turbines, commenced in May, with commercial operation
expected in December 2008. Pacific Gas & Electric (PG&E) will
purchase the power generated under a 20-year power purchase agreement.
The Shiloh II wind farm will be operated and maintained by enXco
Service Corporation.
