With financing in place, First Wind will continue on schedule with construction of the renewable energy facility in the county.

The project will have the capacity to generate enough clean energy to power about 30,000 Northwest homes, equal to the total energy load of all of Whitman County.

As part of the financing, Palouse Wind closed about $170m construction and term facility loan, and letters of credit of up to $40m.

KeyBank National Association served as the joint lead arranger and administrative agent, and Nordduetsche Landesbank Girozentrale, CoBank ACB, and Banco Santander served as joint lead arrangers.

The project will feature 58 units of Vestas 1.8MW wind turbine with a generating capacity of about 105MW of electricity.

The general contractor on the project, RMT, began construction in October 2011, and will complete before the end of 2012.