Invenergy completes project financing for Texas wind power project

Invenergy Wind LLC has arranged project debt and tax equity financing for a 288.6-MW wind farm in northern Texas. The project, the Miami Wind Energy Center, will be located about 80 miles northeast of Amarillo.

Morgan Stanley & Co. arranged the project debt for the wind farm, including a construction loan and a term loan commitment, and tax equity commitments were also secured from several financial institutions. Financial details were not disclosed.

The project, which Invenergy acquired from Pioneer Green Energy LLC, will use 156 GE 1.85 MW turbines. The plant construction will be completed by RMT Inc., a subsidiary of Infrastructure and Energy Alternatives LLC, and System 3 Inc. will construct the project’s substation and transmission line.

The project is scheduled to begin commercial operation in the third quarter of 2014.

Read more renewable energy 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...