Monday, July 26, 2010

Terra-Gen lands major funding, expects to complete America's largest wind farm next year

By Darren Murph posted Jul 26th 2010 9:46AM

And you thought that 1,000 megawatt wind farm planned for Lake Erie was going to be huge. Terra-Gen Power recently secured a staggering $1.2 billion in construction financing, which it fully intends to use on 3D projectors, PlayStation 3 consoles and parts necessary to build America's largest wind farm. Granted, only one of those points is actually true, but we suspect you're hanging with us. The latest round of cash will help build four wind power projects with a total of 570 megawatts of capacity at the company's Alta Wind Energy Center in Kern County, California. But when you put that with projects already in motion, you're left with a 3,000MW wind power initiative, which should be completed and operational "in the first and second quarters of 2011." So, anyone feeling up to topping this?

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