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Wednesday, June 8, 2016

Ground Breaks on Lordstown Energy Center

From Business Journal Daily:
Executives from Siemens Financial Services and Macquarie Infrastructure Partners III will be on hand Monday when ground is broken for the $890 million Lordstown Energy Center. 
The press event will take place at 1 p.m. near the plant’s site on the Henn Parkway where hardhats are already at work preparing the site. 
Siemens and Macquarie are equity investors in the natural gas fueled electricity power plant that’s being developed by Clean Energy Future LLC of Boston. 
Siemens is also a major lender as is Bank of America, London-based Investec, Credit Agricole of Paris, and ICBC, based in China, Siderewicz said. This consortium will provide the $445 million term debt to fund construction.
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