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Home News Crownbutte Accepts Terms for $37.5M in Project Financing

Crownbutte Accepts Terms for $37.5M in Project Financing

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TES Staff March 4, 2010

MANDAN, ND - The board of directors of Crownbutte Wind Power, Inc. has approved and signed a non-binding term sheet with iStreet Global for 37.5 million dollars in debt financing for the company's Gascoyne I, 19.5 MW wind project in Bowman County, North Dakota. A binding agreement will be executed upon successful completion of the due diligence phase and disbursement of funds is expected to begin no later than April 30, 2010.

 

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