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Cannon Power Group - Windy Flats Project

Supporting a project expansion

Challenge

Cannon Power Group sought funding options to expand its Windy Flats wind farm project in Washington state.

As Cannon Power is a highly-valued Siemens Energy customer, Siemens Financial Services outlined a financing solution for the project’s expansion.

Solution

SFS provided a $178 million senior secured credit facility to fund the Windy Flats project expansion.

The funds were used to expand the project with additional Siemens wind turbines and to recapitalize a portion of the existing credit facility.

Customer Benefits

Siemens performed as the single supplier for both the equipment and funding for the project expansion.

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