Business

First Wind gets funds for Texas site

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. 

Advertisement

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.

Get Talking Points in your inbox:
An afternoon recap of the day’s most important business news, delivered weekdays.
Thank you for signing up! Sign up for more newsletters here

First Wind owns and operates wind projects in Maine, Vermont, New York, Utah, Washington, and Hawaii. 

Chris Reidy

Chris Reidy can be reached at reidy@globe.com.
Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com