The company closed an $81m non-recourse construction loan and a $17m letter of credit facility for the Rollins power project.
Key Bank National Association and Norddeutsche Landesbank Girozentrale (Nord/LB) served as the joint lead arrangers for the financing.
In addition to the financing, JPM Capital has executed a tax equity financing agreement with a subsidiary of First Wind.
When the project goes into commercial operation, JPM Capital will provide long-term capital to take out the construction loan.
The power project is expected to be online and operating in the early fall of 2011.
Since the end of September, First Wind has raised $357m in financing and repaid $118m in short-term turbine supply loans, the company said.
First Wind is focused on the development, financing, construction, ownership and operation of utility-scale wind projects in the US.
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