First Wind locks down project financing

First Wind, parent company of the Palouse Wind firm building a wind farm on Naff Ridge, received financing for the project Monday from Key Bank.

The firm announced a $170 million construction and term facility loan and letters of credit for up to $40 million.

“We’re excited to be building our first project in the Northwest, and we are grateful for the support we have received from the local community and Whitman County to help us advance this project,” said Paul Gaynor, CEO of First Wind.

The project is located in northern Whitman County, between Oakesdale and Highway 195.

Preparation work beg...