NEWTON - A Massachusetts-based developer of wind power projects says it has secured $191 million in financing.
First Wind of Newton said yesterday that it received an 8 1/2-year, $115 million loan from the Alberta Investment Management Corp., one of the largest investment management firms in Canada.
The company also said it closed on a $76 million loan from HSH Nordbank for the Stetson Wind project in Maine. Stetson began generating electricity in January as the largest wind-harnessing facility in New England, capable of powering 23,500 homes.
First Wind also has four other operating wind projects in the United States, in Maine, New York, and Hawaii. A fifth is under construction in Utah.