Lost Creek Wind Project Financing Closes

Norddeutsche Landesbank (NORD/LB) has closed on financing for the Lost Creek Wind Farm project located in DeKalb County, Missouri. The project is being developed by Wind Capital Group.

Construction on the 150-megawatt (MW) wind farm, which includes 100 GE 1.5xle turbines, began in June. Associated Electric Cooperative Inc. will purchase the power generated by the wind farm under 20-year power purchase agreement. 

The Lost Creek Project will be operated and maintained by GE and Wind Capital Group, a Missouri based wind energy developer that is the largest driving force behind that state’s wind industry.

Other lenders included Bayern LB, Rabobank, Santander, and Union Bank. NORD/LB said that financial details of the transaction were not disclosed. 

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