MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
More news: Energy
Written by / Agency / Source: Invenergy, LLC / Invenergy Services
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Invenergy Closes Financing for California Ridge Wind Project in Illinois - Invenergy Wind, LLC (“Invenergy”) announced today that it has closed debt financing for its 200 MW California Ridge Wind Energy (“California Ridge”) project, which currently is under construction in central Illinois - InvenergyLLC.com
Invenergy Closes Financing for California Ridge Wind Project in Illinois

 

NewswireToday - /newswire/ - Chicago, IL, United States, 2012/04/30 - Invenergy Wind, LLC (“Invenergy”) announced today that it has closed debt financing for its 200 MW California Ridge Wind Energy (“California Ridge”) project, which currently is under construction in central Illinois - InvenergyLLC.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The financing included construction, bridge and term loans and a letter of credit facility. The financing was allocated across a bank tranche and an institutional tranche. Santander/Sovereign Bank acted as Lead Arranger and Global Coordinator. Rabobank was Syndication Agent and Letter of Credit Issuer. Union Bank, RBC Capital Markets, and Lloyds were Co-Documentation Agents. Prudential Capital Group led the Institutional tranche of the facility, and acted as Structuring and Documentation Advisor. Allstate also participated in the Institutional Tranche.

“Invenergy is proud to complete financing for the seventh wind project we are building in our home state,” said Jim Murphy, Chief Financial Officer and Chief Operating Officer of Chicago-based Invenergy. “This financing utilized a blend of bank and institutional sources to provide both flexibility and tenor.”

California Ridge is located northwest of Danville, Illinois, in Champaign and Vermilion Counties. Upon its scheduled completion later this year, the project will feature 134 General Electric 1.6 MW wind turbines and generate enough energy to power approximately 65,000 homes. Energy produced from California Ridge will be purchased by the Tennessee Valley Authority through a long-term power purchase agreement.

The wind turbines utilize GE’s latest technology, including 100 meter rotor diameters and 100 meter towers. White Construction is responsible for the turbine erection and other balance of plant work. Henkels & McCoy will be responsible for the construction of the project’s transmission line and substation. GE will provide certain construction management services for the substation work. The project will be operated by Invenergy Services LLC.

About Invenergy

Invenergy and its affiliated companies develop, own and operate large-scale renewable and other clean energy generation facilities in North America and Europe. Invenergy (invenergyllc.com) is committed to clean power alternatives and continued innovation in electricity generation. Invenergy's home office is located in Chicago with regional development offices located throughout the United States, Canada, and Europe.

As the nation's largest independent wind power generation company, Invenergy and its affiliated companies currently have over 6,600 MW of wind, solar and thermal projects under contract, in construction or in operation.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Invenergy, LLC / Invenergy Services

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Invenergy Closes Financing for California Ridge Wind Project in Illinois

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Alissa Krinsky - InvenergyLLC.com 
312-582-1554 akrinsky[.]invenergyllc.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Invenergy, LLC / Invenergy Services securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Invenergy, LLC / Invenergy Services / Company Profile


Read Energy Most Recent Related Newswires:

Iskraemeco Lauded by Frost & Sullivan for Expanding Rapidly in the Global Market by Employing Solid Multi-tiered Growth Strategies
Large Wind-power Plant with Yokogawa Control System Comes Online in Japan
Technology-led Solutions Help Onshore Wind Turbine Manufacturers Tap Additional Revenue Opportunities Finds Frost & Sullivan
ABB Completes Acquisition of Chinese EV Charging Provider Chargedot
ABB Launches Innovative UPS Solution
E-mobility for the Masses with ABB Home EV Charging Solution
ABB Wins Digital Service Contract to Increase Offshore Wind Reliability
ABB Powers e-Mobility Progress in Chile with Innovative Charging Solution
ABB Adds Cylon Controls to its Smart Buildings Portfolio
ABB Helps Maximize Energy Efficiency At Future Fossil-free Steel Pilot
Fermi Energia Starts Cooperation with the Major Energy Utility Fortum and Tractebel
Voith Hydro Awarded Single-source Contract for BC Hydro’s Bridge River Power House II Generator Replacement
ABB to Deliver the Power Supply for Europe’s Largest Battery Factory
ABB Selected by IONITY for Second Phase of European Charging Network Expansion
Imeon Energy Announces Compatibility of its Hybrid Solar Inverters with Dyness Energy Storage System

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)