GE Energy Financial Services, a GE unit, will provide equity investment in a 77MW wind farm to be built by Finavera Wind Energy in British Columbia, Canada.
GE Energy Financial Services will offer cash equity for the $200m Wildmare Wind Energy project.
Finavera will provide the non-cash equity, which will include the energy contract, permits and development work to date and serve as managing partner for the project, retaining a 30% economic interest.
The two firms will together arrange debt financing and retain a third-party engineering firm to oversee construction of the project.
The project has a 25-year power purchase agreement with BC Hydro.