Invenergy has arranged debt and tax equity project financing for its 207 MW Rattlesnake Wind Energy Center, whichis currently under construction in Glasscock County, Texas.
Affiliates of Morgan Stanley acted as the sole lead arranger, administrative agent and lender for the debt financingtransaction, which included construction and term loans. Tax equity commitments were provided by financialinstitutions. Details were not disclosed.
Rattlesnake is located approximately 40 miles southeast of Midland, and the project’s output will feed into Texas’Competitive Renewable Energy Zone infrastructure. The facility will consist of 118 GE 1.7 MW wind turbines.
“We’re pleased to have reached this milestone for this important project for the region and for our company,” says JimMurphy, chief financial officer and chief operating officer at Invenergy. “Based on established and successful workingrelationships between Invenergy and our financing parties, we were able to achieve a timely and efficient financialclose.”
According to Invenergy, the Rattlesnake Wind Energy Center is creating more than 200 construction jobs. BlattnerEnergy is the project’s general contractor, and System 3 Inc. is the substation and transmission line contractor.
The wind project is slated to come online in the third quarter of 2015.