Lincoln Clean Energy (LCE), a portfolio company of I Squared Capital, has announced the financing of its Willow Springs project, a 250MW wind farm in Haskell County, Texas, USA.
GE Renewable Energy will supply the project with 100 of its 2.5-116 wind turbines. Upon entering commercial operations, the wind farm will be supported by a 20-year, extended full service agreement performed by GE. The US$ 330 million project will receive construction and term financing from Bank of America Merrill Lynch (BAML) and Rabobank as well as long-term tax equity from BAML and BHE Renewables, LLC. Power from the project is contracted under an agreement with Merrill Lynch Commodities.
