December 23, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Western Wind Energy Corp. (WND – TSX Venture) said it has closed a $24 million financing for its 100% wholly-owned 10.5 megawatt combined wind and solar project located in Kingman, Arizona.

According to the company, the financing includes a one year construction loan convertible to a seven year term loan, a bridge loan to the ITC cash grant from the US Department of Energy and some vendor financing.

Western Wind said that construction on the project will start “immediately.”

Western Wind said it now has 165.5 MW of wind and solar capacity either in production or in construction. 

Canada-based Western Wind is a renewable energy electrical production company that currently owns over 500 wind turbines with 165.5 MW of rated capacity either in production or in construction in the States of California and Arizona.

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