Renewable Energy Systems Americas Inc. (RES Americas), has secured a $222 million construction loan for the 150-MW Border Winds Project in Rolette County, North Dakota and a $286 million construction loan for the 200-MW Pleasant Valley Wind Project in Mower and Dodge Counties, Minnesota.
“We appreciate the dedication, creativity and financial strength that BayernLB, Société Générale, and the rest of the bank groups have brought to these transactions,” said Seth McIntosh, vice president of RES Americas. “Having these global institutions on the Border Winds and Pleasant Valley teams is a key to the success of these projects.”
RES Americas will lead as the developer and engineering, procurement, and construction (EPC) contractor of Border Winds and Pleasant Valley projects which will utilize 175 V100-2.0 MW Vestas turbines.
When completed, RES Americas will transfer the projects to Xcel Energy which will own and operate the projects.