At least two lenders have reportedly joined the financing backing American Renewables joint venture partners’ $400 million, 100 MW Nacogdoches biomass project in Sacul, Texas. Calyon is reportedly one of the lenders joining the deal, however, a bank official could not confirm its participation. Baycorp Holdings, Energy Management Inc., and Tyr Energy comprise the partnership and are likely looking for roughly $300 million in debt for the facility.
July 29, 2009