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/PRNewswire-FirstCall/ -- The board of directors of Crownbutte Wind Power, Inc. (OTC Bulletin Board: CBWP) has approved and signed a non-binding term sheet with iStreet Global for 37.5 million dollars in debt financing for the company's Gascoyne I, 19.5 MW wind project in Bowman County, North Dakota . A binding agreement will be executed upon successful completion of the due diligence phase and disbursement of funds is expected to begin no later than April 30, 2010 . About Crownbutte Wind Power, Inc. Established in 1999, Crownbutte Wind Power, Inc., ( www.crownbutte.com ) is a North Dakota based developer of merchant wind ...
The high demand in California for electricity from renewable energy is creating opportunities for developers to build projects along the Baja peninsula in Mexico and then export the electricity across the border into California. However, such projects face a series of practical and economic challenges. Among these challenges are the uncertainties involved in negotiating financeable land rights in the Baja California region of Mexico, limited transmission capacity to carry power across the border and the fact that Baja projects will have to compete with domestic U.S. projects in bidding to ... Read More
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