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Duke secures $231M for wind farm

Charlotte-based Duke Energy Corp. said it has secure about $231 million in financing for its Wyoming wind farm.

The financing includes an 18-year term loan worth about $193 million and nearly $38 million in letters of credit.

In October, Duke announced that its 200-megawatt Top of the World Windpower Project near Casper, Wyo., was in operation and producing electricity.

Duke Energy Generation Services, a Duke commercial unit that develops and owns renewable-power assets, secured the $231 million.

All of the energy generated at Top of the World is sold to PacifiCorp under a 20-year power-purchase agreement.

Bank of Tokyo-Mitsubishi UFJ, BBVA, Societe Generale and Caja Madrid arranged the financing.

Duke owns and operates 986 megawatts of commercial wind-power generation at nine U.S. sites, including four wind farms in Wyoming.

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