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Terra-Gen closes $650M construction financing of 400-MW Mo. wind farm

Terra-Gen LLC closed a $650 million construction financing for its planned 400-MW High Prairie wind farm.

The facility, located in Schuyler and Adair Counties, Mo., is expected to achieve operational status by the end of the third quarter of 2020. Terra-Gen will transfer the ownership of the power plant to Ameren Corp. subsidiary Ameren Missouri under a build-transfer agreement signed in April 2018, its said in a Sept. 4 news release.

MUFG Bank Ltd. led the group in the construction financing, which also included Canadian Imperial Bank of Commerce, Citibank NA, ING Capital LLC, KeyBanc Capital Markets Inc. and Mizuho Bank Ltd.

Ameren Missouri is known legally as Union Electric Co. Terra-Gen is owned by Energy Capital Partners LLC.