Wind energy project closes on financing

Invenergy Wind LLC has closed on financing for the 110.4 MW capacity Gratiot County Wind Project in Michigan. Terms of the deal were not disclosed.

GE Energy Financial Services, a unit of GE (NYSE: GE) will invest in the project that is currently under construction. Invenergy is also building an additional 102.4 MW. Both projects will use 133 1.6 MW GE turbines.

The first phase of the farm is scheduled for completion in early 2012. DTE Energy (NYSE: DTE) signed power purchase agreements for both phases of the wind farm.

Read more financial news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...