United States

United States

100MW West Virginia project set for completion

UNITED STATES: GE turbines will be used in AES' 130MW Laurel Mountain project in West Virginia.

The $250 million wind installation, approved as long ago as 2008, recently started construction. It will be completed by the end of summer 2011, according to a spokesperson for Virginia-based AES.

Meanwhile, Edison Mission Energy has closed $75 million in debt financing for upgrades for its $190 million High Lonesome Mesa wind project in New Mexico.

The financing consists of $50 million of bonds issued by the state Renewable Energy Transmission Authority, with proceeds loaned to High Lonesome Mesa, and $25.26 million issued directly by the project.

The balance of the costs for the 100 MW wind plant is being paid from a US Treasury cash ‘stimulus’ grant and an equity contribution.

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