The board of directors of Crownbutte Wind Power, Inc. has approved and signed a non-binding term sheet with iStreet Global for 37.5 million dollars in debt financing for the company's Gascoyne I, 19.5 MW wind project in Bowman County, North Dakota. A binding agreement will be executed upon successful completion of the due diligence phase and disbursement of funds is expected to begin no later than April 30, 2010.
Source: Crownbutte Wind press release
No comments:
Post a Comment