Cannon Power Group - Windy Flats Project
Supporting a project expansion
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.
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.
Siemens performed as the single supplier for both the equipment and funding for the project expansion.