Wilmington, Del. (PRWEB) March 14, 2014
Wilmington Trust congratulates Exelon Corp. on winning the “Portfolio Deal of the Year” award in the “Renewable, North America, Project Bond” category by Project Finance Magazine. The deal involved securing financing for Exelon’s indirect subsidiary Continental Wind, LLC, which owns and operates a portfolio of wind farms in six states with a total net capacity of 667 megawatts.
“We are pleased to congratulate Exelon on this important award,” said Doug Lavelle, head of Project Finance Business Development for Wilmington Trust’s Global Capital Markets group. “We wish them continued success and are proud to support this deal in our capacity as the depositary bank, collateral agent, and trustee.”
Exelon was presented the award on March 13, at the Project Finance Deals of the Year awards dinner in New York. The Project Finance Awards started 15 years ago to recognize the best financing deals for large and small infrastructure projects. About 300-350 deals are submitted for consideration. All submitted deals are considered by the magazine’s staff and industry representatives.
Project Finance Magazine, by Euromoney Publications, covers the oil and gas, power, renewables, transport, and PPP sectors, as well as infrastructure funds, project bonds, water, mining, petrochemicals, and telecoms.
Exelon Corporation is the nation’s leading competitive energy provider, with 2012 revenues of approximately $23.5 billion. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with approximately 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon’s utilities deliver electricity and natural gas to more than 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO).
ABOUT WILMINGTON TRUST
Wilmington Trust’s Institutional Client Services (ICS) division offers institutional trustee, agency, asset management, retirement plan, and administrative services for clients worldwide who use capital markets financing structures, as well as clients that seek to establish or maintain nexus, or legal residency for special purpose entities. ICS is distinguished from many competitors by its status as a core business of Wilmington Trust, as well as the experience and expertise of its global staff, its multi-jurisdictional presence, and its reputation for superior service. ICS serves clients in more than 90 countries.
Wilmington Trust also provides Wealth Advisory services for affluent clients in every state in the United States and in 35 other countries.
Wilmington Trust has offices throughout the United States and internationally in London, Luxembourg, Frankfurt, Dublin, Amsterdam, Cayman Islands, and Channel Islands. Wilmington Trust is an affiliate of M&T Bank. For more information, visit http://www.WilmingtonTrust.com.
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Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation. Investment services, wealth advisory, and corporate and institutional products and services are offered by Wilmington Trust Company, operated in Delaware only, and Wilmington Trust, N.A., a national bank. International corporate and institutional services are offered through our international affiliates.