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Bonds bind Nebraska wind

$400m in debt finance secured for 400MW Grand Prairie project

Bonds bind Nebraska wind image

BHE Renewables has secured investment of more than $400m for the 400MW Grand Prairie wind farm in Nebraska from Allianz Global Investors.

The finance consists of unlisted bonds with a 20-year term privately placed with US and European investors.

It is Allianz’s first infrastructure debt renewable energy investment in the US.

BHE Renewables, a subsidiary of Berkshire Hathaway Energy, will use the proceeds to reimburse the costs of the construction that started in 2015 and will be completed by the end of this year.

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