First Wind, a wind farm developer and operator vying to become the state’s largest provider of wind power, said it had received $191 million of financing, some of which will be used for development activity here and on the Mainland.
The Newton, Massachusetts-based company said it received a $115 million loan from Alberta Investment Management Corp. and a $76 million one-year loan from HSH Nordbank for a wind farm in New England.

“These investments in First Wind in the midst of very difficult financing markets show confidence in First Wind’s ability to continue to develop, build and operate wind farms in our target markets,” said Paul Gaynor, First Wind chief executive officer, in a press statement.
First Wind’s projects here include the 30-megawatt Kaheawa Wind farm on Maui. It has four other projects in various stages of development in the state, including a 30-megawatt facility in Kahuku and a proposed 250-megawatt project on Molokaçi.