Innvenergy, Enerco close financing on 24 MW wind power project

Invenergy and Enreco complete project financing for Porzecze wind power project in Poland. Pictured: Tymien Wind Power Farm, an Invenergy Enerco Joint Venture in Poland

Invenergy Wind LLC and Polish renewable energy developer Enerco Sp. have announced the completion of project financing for the 24 megawatt (MW) Porzecze wind power project currently under construction in northwest Poland.

The new wind project features 16 GE 1.5 MW turbines and is scheduled to begin commercial operations in early 2014. Power produced at the project will be sold under a long-term power purchase agreement.

“We are very pleased to work with Rabobank on expanding our portfolio of wind projects in Poland,” said Jim Murphy Chief Financial Officer and Chief Operating Officer of Invenergy. “This project represents the latest milestone of almost a decade of collaboration between Invenergy and Enerco.”

Invenergy and Enerco currently co-own eight operational wind farms in northern Poland, with a total capacity of 227.5 MW. In addition, the companies are initiating construction of a tenth Polish wind project, a 48.5 MW facility also scheduled for completion in 2014.

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