NewswireToday - /newswire/ -
Chicago, IL, United States, 2013/09/03 - Invenergy, LLC (“Invenergy”) announced the successful refinancing of the St. Clair Energy Centre (“St. Clair”), a 584 MW combined cycle, natural gas-fired energy generation facility in Ontario, Canada - InvenergyLLC.com.
St. Clair Energy Centre is located near the town of Sarnia, approximately seventy miles northeast of Detroit, Michigan. St. Clair is jointly owned by affiliates of Invenergy and Stark Investments. The facility is operated and maintained by Invenergy Services Canada ULC, an affiliate of Invenergy.
Royal Bank of Canada (RBC) and Union Bank served as Joint Book Runners for the transaction, with RBC acting as the Administrative Agent. Natixis, Bayern LB, and Sumitomo Mitsui Banking Corporation, in addition to RBC and Union Bank, were Joint Lead Arrangers for the financing. Royal Bank of Scotland, Siemens Financial Ltd., Nord LB, Helaba, and Mizuho Bank also were lenders to the transaction.
"We thank these participating banks for recommitting to the financing of this project. Their support underscores the confidence by our broad-based lender group in the St. Clair project and in our operating and asset management capabilities,” said Jim Murphy, Chief Financial Officer and Chief Operating Officer of Invenergy.
Invenergy and its affiliated companies develop, own and operate large-scale renewable and other clean energy generation facilities. North America’s largest independent wind power generation company, Invenergy is committed to clean power alternatives and continued innovation in electricity generation. The company’s home office is located in Chicago and it has regional development offices throughout the United States and in Canada and Europe.
Invenergy (invenergyllc.com) has developed more than 7,100 MW of clean energy projects that are in operation, in construction, or under contract, including 58 wind, solar, and natural gas power facilities. This includes 2,275 MW of natural gas fired facilities in Canada and the United States, with an additional 584 MW generation facility under construction in Illinois.