The project, located in Ford and Iroquois counties, Illinois, is located 4 miles west of Paxton and consists of 94 GE 1.6 megawatt turbines providing more than 150MW of power - enough to supply clean power to more than 45,000 households in the central Illinois region using North American made turbines, blades and towers.
"We welcome Bank of America Merrill Lynch as an investor in our Pioneer Trail Wind Farm," said Steve Trenholm, CEO, EC&R North America. "This transaction demonstrates EC&R's commitment to boosting local economies and plays a major role in promoting clean, affordable, homegrown energy."
"EC&R closely analyzes the specific aspects of each project to find a customized transaction tailored for the best fit," said Dr Verena Volpert, Senior Vice President Finance, E.ON AG. "We look forward to a mutually beneficial long-term relationship with BofA Merrill."
The project is expected to generate more than $29 million in local taxes, pay $8 million in local salaries, and earn landowners more than $50 million. The Pioneer Trail Wind Farm is the.....E.ON C&R secures equity financing for Pioneer Trail Wind Farm
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