Invenergy Completes Equity Financing For Two Wind Sites

NAW staff, Thursday 11 December 2008 - 01:00:00

Chicago-based Invenergy Wind LLC has successfully closed equity financing with GE Energy Financial Services and Metropolitan Life Insurance Co. (MetLife) for its Middle-South Wind Holdings portfolio, which consists of the 150 MW McAdoo Energy wind farm in Dickens County, Texas, and the 99 MW Grand Ridge Energy Center in La Salle County, Ill. Both facilities began commercial operations in October.

The investments by GE Energy Financial Services and MetLife were used to retire construction financing on the facilities.

The McAdoo site has 100 1.5 GE sle turbines and is selling its output to the Electric Reliability Council of Texas wholesale market. The Grand Ridge Energy Center is composed of 66 1.5 GE MW sle turbines and is selling its output to the PJM wholesale market.

SOURCE: Invenergy Wind LLC



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