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.

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