First Wind Receives $206 Million Financing for Route 66 Project

Feb 12, 2014 5:16 pm ET

Feb. 12 (Bloomberg) -- First Wind Holdings Inc., a Boston- based renewable-energy developer, is getting $206 million for its Route 66 project in Texas.

Morgan Stanley and Banco Santander SA arranged the financing and provided tax equity, according to a statement today from First Wind. BayernLB Holdings AG provided debt financing.

The 150-megawatt project in Armstrong and Carson counties is expected to deliver power to the Electric Reliability Council of Texas. Morgan Stanley Commodities is providing a long-term power hedge.

John Lamontagne, a First Wind spokesman, didn’t immediately return messages seeking comment.

--Editors: Jasmina Kelemen, Will Wade