By Tux Turkel tturkel@mainetoday.com
Staff Writer
Lamontagne acknowledged, however, that the company has yet to arrange financing for the 40-turbine wind farm it began developing earlier this month near Lincoln. ...
But a financial analyst and critic of the wind industry said today's events threaten First Wind's survival, and that it may need to tap a new round of federal stimulus funds to help pay for Rollins...
But unless Shaw and Dearborn put in more money, or First Wind finds a buyer, Downes said, the company could go under. ...
[FW] says it has substantial, short-term debt and insufficient money to pay back loans. ". . . failure to comply with these obligations could result in an event of default under those agreements, which could be difficult to cure, or result in our bankruptcy."
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