Transactions
Jun. 18, 2002
SAN GORGONIA PASS WILL HOUSE ENERGY PROJECT
Cabazon Wind Partners, a wind energy project created by Cannon Power Corp., has secured nearly $55 million in construction debt financing. The deal closed May 1.
The New York branch of Munich's Bayerische Landesbank Girozentrale provided the funding.
With the financing, San Cabazon Wind Partners will build 62 wind turbines in the San Gorgonio Pass near Palm Springs. The turbines should generate electricity by August's end, and the electricity will be sold to the California Department of Water Resources. Cannon Power Corp., part of Madrid's Cannon Group, provided the initial funding for the project.
San Francisco-based Orrick Herrington & Sutcliffe represented Cabazon Wind Partners. Partner Bradley White led the deal team from Los Angeles. Associates Ramon Galvan and Duane Beasley assisted. Partner Michael Hornstein chipped in from Washington, D.C.
Los Angeles' Milbank Tweed Hadley & McCLoy represented Bayerische Landesbank. Edwin Feo, managing partner of the Los Angeles office, led the deal team. Associates Edward Kayukov, Roger Chae, John Ha and Jaime Rodgriguez assisted.
Stefanie Knapp
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