06 Jun '12, 5pm

E.ON Climate & Renewables Secures $150mm for Illinois Wind Farm

E.ON Climate & Renewables Secures $150mm for Illinois Wind Farm

Some welcome news on the US wind energy front: E.ON Climate & Renewables North America on June 4 announced that it had secured $150 million of institutional equity financing for its 150-MW Pioneer Trail Wind Farm from Bank of America Merrill Lynch. Located in central Illinois’ Ford and Iroquois counties, E.ON Climate & Renewables intends to install 94 GE 1.6-MW turbines on the site, enough to power more than 45,000 homes. The GE wind turbines, blades and towers are all manufactured in the US. In addition to providing clean, renewable electricity and avoiding CO2 and greenhouse gas emissions, the Pioneer Trail Wind Farm project is expected to yield more than $29 million in local taxes, $8 million in local salaries, and reward landowners with more than $50 million, according to E.ON. Illinois on the Wind Energy Fast Track Wind energy’s been growing rapidly in Illinois. With ...

Full article: http://cleantechnica.com/2012/06/06/e-on-climate-renewabl...

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