CHICAGO – July 6, 2007 -- Invenergy Wind LLC announced today that its Camp Springs WindEnergy Facility has commenced commercial operation. The 130.5 MW project is located in ScurryCounty just outside of Snyder, Texas and consists of 87 General Electric 1.5 sle wind turbines. Strongsupport from Scurry County and Western Texas College was instrumental in helping the projectproceed on a fast track basis. At full capacity the facility will generate enough electricity to power50,000 homes.
All power will be sold into the ERCOT (Electric Reliability Council of Texas) wholesale market.Commodity price risk was mitigated under a long-term hedging structure that Invenergy Windcompleted with Fortis Merchant and Private Banking, a division of Fortis. Fortis also arranged andprovided construction financing for the facility. The initial development work for the project wascompleted by Wind Tex Energy, L.P. Along with Invenergy Wind, equity investment was providedby affiliates of JPMorgan, Northwestern Mutual, Prudential Capital Group and Wells Fargo.
Over the past three years, Invenergy Wind has completed development and construction of 686 MWof wind energy facilities with capital costs of $1.1 billion. This includes projects in Colorado,Montana, Idaho, Tennessee, Iowa, Oklahoma, and Texas as well as projects in Europe. InvenergyWind has released construction on a further 320 MW of wind energy projects so far in 2007.
Wind energy projects completed and under construction by Invenergy Wind in North America andEurope are expected to generate more than three billion kilowatt hours of electricity per year withclean and renewable generation technology.
About Invenergy Wind LLC
Invenergy Wind LLC is an affiliate of Invenergy LLC, a developer, owner and operator of utility-scaleelectricity generating facilities including wind energy and natural gas-fired projects. The company hascomprehensive expertise in the development, financing, construction, operation and management ofpower generation projects serving a wide range of utilities, load serving entities and energy tradingcompanies. The members of Invenergy’s senior management team have extensive experience indiverse areas of the energy market and a track record of resounding success at Invenergy and in theirprior business entities.
Invenergy is headquartered in Chicago and has professional staff located in its North American officesin Denver, Washington D.C, Toronto, Milwaukee, Tampa, San Francisco, Portland and Austin, Texas.Overseas offices are located in London (UK), Warsaw (Poland) and Athens (Greece).
Contact: Lesa Kelley - 312.224.1423