Apex Secures Financing for Timbermill Wind, North Carolina's Second Wind Farm [Yahoo! Finance]
Weyerhaeuser Company (WY)
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Source: Yahoo! Finance
CHARLOTTESVILLE, Va., December 05, 2024 BUSINESS WIRE )--Apex Clean Energy today announced the financing of the 189 MW Timbermill Wind facility, following the execution of construction financing from a consortium of lenders and a tax equity investment from Goldman Sachs. Construction financing is provided by coordinating lead arrangers Helaba (also acting as admin agent), BNP Paribas, SMBC, and Societe Generale. Timbermill Wind, located in Chowan County, is the first wind project approved in North Carolina by the Department of Environmental Quality since state lawmakers passed siting legislation in 2013. It will be the second wind farm ever built in the state and, through a power purchase agreement , will support the operations of a major corporate offtaker. "The successful financing of Timbermill Wind represents a pivotal milestone in North Carolina's energy transition and underscores the growing demand for wind power in markets across the country," said Ken Young, Apex Clean En
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