First Wind, a Boston-based renewable energy company, said Wednesday it has obtained $206 million in financing for a Texas initiative known as the Route 66 Wind Project.
Route 66 Wind Power LLC, a company subsidiary, closed on the financing agreement, with Morgan Stanley and Santander acting as joint lead arrangers and Morgan Stanley serving as the administrative agent, First Wind said.
The Route 66 Wind Project has the capacity to generate up to 150 megawatts of clean, renewable energy, said First Wind, adding that construction on the project began in late 2013.
“This financing is an important milestone for the construction of Route 66 Wind,’’ First Wind chief executive Paul Gaynor said in a statement.
First Wind owns and operates wind projects in Maine, Vermont, New York, Utah, Washington, and Hawaii.