Business

First Wind gets $206m in financing for Route 66 Wind Project in Texas

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First Wind, a Boston-based renewable energy company, said Wednesday that it has obtained $206 million in financing for a Texas initiative known as the Route 66 Wind Project. Route 66 Wind Power LLC, a company subsidiary, closed on the financing agreement with Morgan Stanley and Santander acting as joint lead arrangers, and Morgan Stanley serving as the administrative agent, First Wind said in a press release.  The Route 66 Wind Project has the capacity to generate up to 150 megawatts of clean, renewable energy, said First Wind, adding that construction on the project began in late 2013. “We are excited to complete the financing and continue construction of the Route 66 Wind project, which is our first project in the state of Texas,” First Wind chief executive Paul Gaynor said.

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