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Siemens loans $178M to finance wind expansion
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ISELIN, N.J. - Siemens Financial Services Inc. said Monday that it has loaned Windy Point Partners II $178 million to finance expansion of a wind project in Washington state.
The money Siemens is providing to Windy Point, an affiliate of Canon Power Corp., will pay for an expansion of the project in Klickitat County. The money will be used to buy additional Siemens wind turbines and to recapitalize a portion of existing credit facility.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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