Content area
Full Text
Zilkha Renewable Energy, the Houston-based developer backed by entrepreneur Selim Zilkha, has ditched an effort to raise a $60 million loan to fund construction of a 74.25 MW wind farm in Oklahoma. Bayerische Landesbank had been set to lead the loan (PFR, 9/1). One financier says some permitting issues related to the farm itself and its interconnection have yet to be resolved. He adds the bank market isn't normally willing to take on that sort of risk. Calls to Joe Romano, president and ceo of Zilkha Renewable Energy in Houston, and BLB officials in New York were not returned. The precise status and nature of the permitting issues could not be determined.