According to reports, SP Amherst Wind Power L.P. closed a $45 million financing for their planned 31.5-megawatt wind farm in Amherst, Nova Scotia.
When completed in the first quarter of 2012, the Amherst project is expected to generate enough power for more than 11,000 Canadian homes.
SP Amherst Wind Power is a partnership between subsidiaries of Sprott Power Corp. and Firelight Infrastructure Partners L.P.
The $45 million in non-recourse, construction and take-out debt financing for the project was arranged by Stonebridge Financial Corporation, with funding provided by the Great-West Life Assurance Company and the Ontario Pension Board.
Suzlon Wind Energy Corp., the North American subsidiary of Suzlon Energy Limited, will supply 15 turbines for the project.
Suzlon’s S97 turbine has a 2.1-MW generation capacity, designed for improved energy yields in low to moderate wind conditions, the company says.
According to a company statement, the Amherst project will be the first stand-alone wind farm built with the S97 turbines which is an offering from their S9X suite of low- to medium-wind-speed machines.