The financing has been secured from JPM Capital Corp (JP Morgan) and Wells Fargo Wind Holdings in exchange for a partial interest in the wind farm.
The project, which is located in Iroquois County, consists of 94 units of GE 1.6MW turbine.
JP Morgan acted as lead investor in the financing.
The wind facility generates around 150MW of power, enough to provide clean power to more than 45,000 households in the central Illinois region using North American made turbines, blades and towers.
EC&RNA CEO Steve Trenholm said wind farms generate clean, affordable, homegrown electricity, creating jobs, providing an economic shot in the arm to farmers, ranchers, and rural communities across America.
The project is expected to generate around $29m in local taxes, pay $8m in local salaries, and earn landowners more than $20m.
