During the construction phase, enXco, the US subsidiary of EDF Energies Nouvelles, secured a project financing agreement with Nord LB, in partnership with CIC, Dexia and Societe Generale, as well as an agreement with a group of investors led by JP Morgan, together with Wells Fargo and New York Life, which now holds a minority interest in the wind farm.
Commenting on the commissioning of the project, David Corchia said: “Our US teams can be proud of their accomplishment: developing new projects in California is highly challenging and requires a long term local relationship and a high level of development expertise. The financing of the Shiloh II facility, which was arranged in challenging financial conditions, evidences the quality and low-risk profile of the projects developed by EDF Energies Nouvelles.”
