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Apex Clean Energy - Grant Wind Project

Project Financing for Onshore Wind Power

Challenge

Apex Clean Energy sought financing support for the construction of the Grant Wind project in Grant County, Oklahoma. With a capacity of 151 megawatts, the wind power project is expected to create enough clean energy to power approximately 50,000 average U.S. homes. Installation of the turbines began in fall 2015, with the start of operations expected in the spring of 2016.

Solution

Siemens Financial Services is supporting the project's construction financing with a commitment of $50 million.The project will feature 66 Siemens SWT-2.3-108 wind turbines. In addition, Siemens will also supply the project’s main step-up transformer and will provide a long-term service & maintenance agreement.

Customer Benefits

The construction of the Grant Wind Project will provide clean, homegrown renewable energy for Grant County residents and will support the local economy. Siemens provided financial support, in addition to equipment and services. The organization also will offer remote monitoring and diagnostic services for the turbines in order to boost performance throughout their operational life.

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