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


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...