Oakland, Calif.-based Orion Energy Group is talking to banks for a $100 million term loan that would be backed by its 130 MW wind farm in Benton County, Ind. The company has reportedly been in discussions with BNP Paribas, Dexia Crédit Local and WestLB and is looking to secure funds by quarter-end. Bank officials either declined to comment or did not return calls and Reid Buckley, cfo of the BP Alternative Energy-owned company, did not return a call. A BP official declined to comment or make an official available.
April 03, 2009