in News Departments > Projects & Contracts
print the content item

Invenergy has arranged project debt and tax equity financing for its 288.6 MW Miami Wind Energy Center, which is under construction in northern Texas.

Morgan Stanley & Co. arranged the project debt, including a construction loan and a term loan commitment. Tax equity commitments also were secured from several financial institutions, notes Invenergy. Further financial details were not disclosed.

The wind farm, which will use 156 GE 1.85 MW wind turbines, is located in the Texas Panhandle, approximately 80 miles northeast of Amarillo in Roberts, Hemphill, Gray and Wheeler Counties. Commercial operation is scheduled to begin in the third quarter of 2014.

Invenergy, which acquired the project from Austin, Texas-based Pioneer Green Energy LCC, says that RMT Inc. will perform balance-of-plant duties while System 3 Inc. will construct the project’s substation and transmission line.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.

Canwea_id1984
Renewable NRG_id1934