NaturEner secured a $320 million construction loan with Morgan Stanley Jan. 9, putting the project on track to be commercially operational by the end of 2012. With the MATL line expected to be placed into service in 2012, Rim Rock will have the transmission access it needs to deliver renewable energy.
“The strong financial backing of the U.S. Department of Energy, carried out through Western, has enabled MATL which, together with incentives such as the Production Tax Credit, has allowed Rim Rock to proceed,” added Jose M Sanchez-Seara, CEO of NaturEner. “We greatly appreciate the U.S. Government’s support for renewable energy generation and the transmission lines that allow them to deliver the energy to markets across North America.”
Rim Rock is a 189-MW wind farm project located in Glacier and Toole Counties, Mont., that will consist of 126 Acciona AW-77 1.5 MW turbines. The project area encompasses about 21,000 acres of private land. The project is expected to generate enough energy to power more than 60,000 homes and will offset more than 389,000 metric tons of CO2 emissions per year.