The company closed a $222m construction loan for the 150MW Border Winds project in Rolette County, North Dakota, and a $286m construction loan for the 200MW Pleasant Valley wind project in Mower and Dodge counties, Minnesota.
The New York branch of Germany’s Bayerische Landesbank and Société Générale acted as joint lead arrangers and bookrunners for both transactions.
RES Americas vice president Seth McIntosh said: "We appreciate the dedication, creativity and financial strength that BayernLB, Societe Generale, and the rest of the bank groups have brought to these transactions.
"Having these global institutions on the Border Winds and Pleasant Valley teams is a key to the success of these projects."
RES Americas is the developer and engineering, procurement, and construction contractor of both the projects, which will feature 175 V100-2.0 MW Vestas turbines.
After completion, RES Americas will transfer the projects to Xcel Energy which will own and operate the facilities.
RES Americas, which currently has over 7,000MW of renewable energy projects, offers a suite of development and construction services for wind, solar, transmission, and energy storage projects.
Image: RES Americas secured project financing for two wind projects in the US. Photo: Courtesy of pakorn/FreeDigitalPhotos.net.
