DOE breaks new ground with wind farm financing

Pauline McCallion
01 Mar 2011

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On December 16, 2010, the US Department of Energy (DOE) issued a partial loan guarantee for $1.3 billion to an 845 megawatt wind farm in Oregon called Caithness Shepherds Flat, the world's largest wind project to date.

The guarantee was provided under the Financial Institution Partnership Program (FIPP), a DOE initiative supported by the 2009 American Recovery and Reinvestment Act. FIPP was designed to expand aggregate credit capacity for US renewable energy projects and expedite the loan

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