Canadian renewable energy company Cordelio Power has announced that the 185 MW Glacier Sands wind project has been completed and that commercial operations have commenced. The Mason County, Illinois, project has 43 Vestas V150-4.3 wind turbines. Under a 15-year arrangement with Microsoft, the wind farm will sell all of its renewable energy. Cordelio also announced that it has finalized project finance for Glacier Sands, in addition to attaining the commercial operations date. Berkshire Hathaway Energy Investment Group, the developer’s tax equity partner, has paid its initial investment, and the remainder of the original construction debt has been converted into a term loan. Rabobank supervised the acquisition, and finance was supplied by Rabobank affiliates, Bank of Montreal, National Bank of Canada, and MUFG.
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“We are very delighted to begin operations at Glacier Sands, the first project in Cordelio’s new US expansion phase. We are grateful for the county officials’ and Mason County residents’ trust and support for the project, as well as the significant contributions made by Vestas, White Construction, a subsidiary of Infrastructure and Energy Alternatives, and K2 Management to the project’s construction “Cordelio’s Chief Operating Officer, Paul Rapp, made the statement.
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Cordelio Power is a renewable energy producer that manages over 1,000 MW of renewable production assets across North America, including 396 MW of wind and solar projects in Ontario, as well as a 656 MW (net) wind and solar portfolio interest owned by the Canada Pension Plan Investment Board. Cordelio also has a growth pipeline of approximately 4,500 MW of wind, solar, and storage projects in the western and midwestern United States, including the Glacier Sands project, which it owns entirely and through a joint venture. Cordelio conducts its operations and expansion efforts in an efficient, safe, and ecologically responsible manner with all stakeholders. CPP Investments owns 100% of Cordelio.
