NewswireToday - /newswire/ -
Chicago, IL, United States, 2016/01/08 - Invenergy Wind, LLC (“Invenergy”) announced that it has arranged debt and tax equity project financing for its Gunsight Wind Energy Center (“Gunsight”), which currently is under construction in Howard County, Texas - InvenergyLLC.com.
Cooperative Centrale Raiffeisen-Boerenleenbank B.A.,“Rabobank Nederland,” New York Branch acted as the Sole Lead Arranger, Administrative Agent, and Lender for the construction financing.
Invenergy’s Gunsight facility will have the capacity to generate approximately 120 MW of power from 67 GE1.79 MW wind turbines when commercial operation commences June of 2016. Details on the project output will be disclosed at a later time.
“We’re pleased to reach financial close of the Gunsight project and add to our growing portfolio of wind facilities in Texas,” said Jim Murphy, Chief Financial Officer and Operating Business Group President at Invenergy. “With the addition of Gunsight, Invenergy will operate more than 1,500 MW of power plants in the state.”
Gunsight is creating more than 250 construction jobs and eight permanent jobs once the project begins operation. The wind farm will further benefit its host community economically through annual payments to Howard County and lease payments to participating landowners.
Invenergy (invenergyllc.com) drives innovation in energy. Invenergy provides power generation and storage solutions at scale around the world to create a cleaner energy future. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas and Europe. Invenergy's home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan and Europe.
Invenergy and its affiliated companies have developed more than 10,300 MW of projects that are in operation, in construction, or under contract, including wind, solar, and natural gas-fueled power generation projects and energy storage facilities.