Information about Clean, Renewable Energy.
«
»

Nevada Geothermal secures $100M

Morgan Stanley extended a $100M loan to Nevada Geothermal to construct the Faulkner I project at Blue Mountain, Nevada. This comes on the heels of a 20 year duration power purchase agreement that Nevada Geothermal entered into with Nevada Power. In addition to building the plant infrastructure and more drilling, a 20 mile transmission line will need to be completed to bring the power to the grid. Nevada Geothermal projects the plant to be online in 2009.

This entry was posted on Friday, July 27th, 2007 at 7:47 am and is filed under Business, Geothermal.

2 Comments so far

  1. » Western Geopower raises $18M > Renewable Energy Journal July 27th, 2007 10:07 am

    […] Our Team Subjects related to clean, renewable energy. « Nevada Geothermal secures $100M […]

  2. » Nevada Geothermal bridges $20M > Renewable Energy Journal August 1st, 2007 7:20 am

    […] in the preconstruction phase of the Blue Mountain project. Upon entering the construction phase, the previously announced $100M loan from Morgan Stanley will be used to repay the bridge loan from Glitnir. The near-term financing should help the project […]