Seminole Financial Services (“Seminole”) announced today closing of $19.5 million of construction loans for three separate wind projects in California with Foundation Windpower, LLC. The three projects – a one, two, and three turbine installation, respectively – have a combined capacity of 7.5MW, with an annual energy output of approximately 30,000,000kWh. All of the power will be used to offset energy costs and will provide clean energy for the production facilities at each location. Consistent with Seminole’s philosophy of being a relationship lender, these will be the fifth, sixth, and seventh projects developed by Foundation Windpower, which have been financed by Seminole. Each system is planned to be operational by late spring 2012.
For more information about this transaction or renewable energy financing, please contact Chris Diaz, Senior Vice President for Seminole Financial Services, at 727-460-0578 or at
Seminole Financial Services, LLC (SFS) is the operating entity of the six companies that collectively make up the Seminole Companies (Seminole). SFS is responsible for originating, underwriting, servicing and providing asset management for the debt and equity investments originated for institutional investors managed by sister company, Seminole Advisory Services, LLC (SAS). SAS is a registered investment advisor with the SEC and presently has several hundred million dollars in assets under management. SFS provides debt and equity investments for commercial real estate and renewable energy transactions nationwide, specializing in short and intermediate term investments.