Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: February 23, 2011

Project Name: Keenan II Wind Farm, Oklahoma
Year in Operation:
Sector: Energy
Subsector: Energy Generation
Status: Design / Construction
Type: New Facility
Description: $319 million, 152 MW Keenan II Wind Farm ib aoorix, 8000 acres of land 12 miles southwest of Woodward, Oklahoma. Scheduled for completion of this phase in 2010, with total build-out potential exceeding 400 MW.
Delivery Method as described in the country where it's located: Design Build
Is the project still active: Yes
Comments: Delaney Group has overall responsibility to CPV Keenan II Renewable Energy Company, LLC. Siemens will furnish and erect 66 2/3 MW turbines, including electrical collection, transmission lines, grid connection, and wind turbine foundations.

Project Locations

City: Woodward
State: Oklahoma
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Developer has lease to control land during operation of Wind Farm.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): License to sell produced energy to the grid through state and local permitting and regulatory agencies. Developer has secured a 20-year Power Purchase Agreement with Oklahoma Gas & Electric Company to purchase the power generated by the wind farm and transmitted to the grid.
Checkbox Checked Environmental Clearance: State and Federal agencies.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: $319 million estimated total cost of initial delivery. Public sponsor is federal and state regulatory agencies. $212 million senior secured credit facility jointly arranged by Bank of Tokyo-Mitsubishi, and Union Bank. A number of banks are particpating in the lending syndicate.

Checkbox Checked

From Producers as Equity: Public sponsor is federal and state regulatory agencies. Balance is presumed to be equity from developer -- $107 million.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? Yes
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Based Selection
Request for
Request for
for Bids

Term for Key Components & Forms of Contract

Project Component
Combined Term: Initial Design, Construction, O&M Period

Project Value (If and As Known)

Date of Estimated Project Value: February 23, 2011
Project Value
Hard Cost
Hard & Soft Costs
$25-100 Million US
$250 Million - 1 Billion US
$200-500 Million US


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