Siemens Financial Services Provides US $178M Credit Facility to Windy Point Partners

Siemens Financial Services Inc. (SFS Inc.) announced that it has provided a US $178 million senior secured credit facility to Windy Point Partners II LLC, an affiliate of Cannon Power Corporation, for its expansion of the Windy Flats wind project located in Klickitat County, Washington.

The funds are being used to expand the project with additional Siemens wind turbines and to recapitalize a portion of an existing credit facility, Windy Point Partners said.

“Providing the funding for this major wind project’s expansion was particularly gratifying in that it allowed SFS to value-add Siemens technology to its financing solution and further underscores our overall commitment to support renewable energy,” said Roland Chalons-Browne, president and CEO of SFS Inc. “With Siemens leading technology in this sector, SFS Inc. is ideally positioned to provide complete financial solutions for energy projects with Siemens customers.”

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