Financial close for first US poultry litter power plant

Financing for the US' first poultry litter fired power plant, for Homeland Renewable Energy's subsidiary Fibrominn, closed at the end of 2004. The financing has been structured as a traditional sale-leaseback, through a property investment vehicle, which will purchase the capital plant bef...

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Bibliographic Details
Published in:Asset Finance International 2004-12, p.1
Format: Article
Language:English
Subjects:
Alternative energy sources
Financing
Life insurance
Poultry
Power plants
Renewable resources
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Summary:Financing for the US' first poultry litter fired power plant, for Homeland Renewable Energy's subsidiary Fibrominn, closed at the end of 2004. The financing has been structured as a traditional sale-leaseback, through a property investment vehicle, which will purchase the capital plant before leasing it back to Fibrominn. The financing is split into $26 million equity and $202 million of debt. Six insurance companies will fund the debt.
ISSN:1367-8086