MMA Praxis Intermediate Income Fund recently purchased $1 million in ten-year bonds from LL&P Wind Energy, Inc. LL&P will use this money – part of a $54 million bond issue – to finance costs associated with acquiring energy rights to the White Creek Wind Project, located near Goldendale, WA.

LL&P was created in 2006 explicitly to purchase and distribute a percentage of the power generated by the White Creek Project. The company will receive 26% of the annual energy produced by White Creek for at least the next 20 years.

Construction of the wind farm is nearly complete and includes 89 Siemens 2.3 Megawatt wind turbine generators, bringing capacity to 204.7 MW. This is enough electricity to power 38,000 residences. According to White Creek chairman Robin Rego, the site of the project is excellent for wind power production and there is room for further expansion.

This entry was posted on Wednesday, November 7th, 2007 at 1:43 pm and is filed under MMA, Environment, Chris. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.