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Wind energy gets $500 million loan to build Texas power line
Wind Energy Transmission Texas LLC, a joint venture of Brookfield Asset Management Inc. and Isolux Corsan Concesiones SA, arranged a $500 million loan to build 378 miles (608 kilometers) of power lines in west Texas.
August 10, 2011
in Bloomberg News
Wind Energy Transmission Texas LLC, a joint venture of Brookfield Asset Management Inc. and Isolux Corsan Concesiones SA, arranged a $500 million loan to build 378 miles (608 kilometers) of power lines in west Texas.
The company expects to begin construction next month, it said today in a statement. The five 345-kilovolt substations and transmission lines will connect wind farms in 12 west Texas counties to the grid. The funding was provided by a group of banks that Wind Energy Transmission Texas did not name.
The lines will expand to 18 gigawatts the region's transmission capacity for wind power, from 10 gigawatts... [continue via Web link]
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