in News Departments > Projects & Contracts
print the content item

Invenergy Wind LLC has closed on the project financing for the first phase of its Des Moulins wind energy project, which is currently under construction in Quebec.

Prudential Capital Group acted as the structuring and documentation adviser, and Sovereign Bank NA acted as the left lead coordinating bank, joint lead arranger, joint book runner and co-syndication agent for the transaction, which included construction, bridge and term loans. Rabobank Nederland-NY Branch and Union Bank NA also acted as joint lead arrangers and joint book runners. Sunlife Assurance Company of Canada also participated in the financing as a fixed-rate note purchaser.

The wind farm is located approximately 140 miles northeast of Montreal, in the municipalities of Kinnear’s Mills, St-Jean-de-Brebeuf, and Thetford Mines in Quebec, and will consist of 59 Enercon E-82 2.3 MW wind turbines, for a total installed capacity of 135.7 MW.

The project has a 20-year power supply contract with Hydro Quebec and will connect to the Hydro-Quebec TransEnergie transmission grid.



Trachte Inc._id1770
Latest Top Stories

New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Future Energy_id2008