Wind Farms In Western Kansas Get Financing

Developers of two separate wind farms in

western Kansas say they have secured financing to complete the

projects.

CPV Renewable Energy Co. has received $262.8 million to help

construct a 165.6-megawatt wind farm near Cimarron in Gray County.

The company says the financing comes from five investors, led by

Bank of Tokyo Mitsubishi and Union Bank of California.

The company expects the plant to be operating by November. The project

will supply Tennessee Valley Authority with renewable energy.

Also this week, BP Wind Energy said it reached agreement with

Sempra U.S. Gas & Power to invest more than $1 billion in a wind

farm in Barber, Kingman and Harper counties, and another wind farm

in Pennsylvania.