CHICAGO – November 2, 2007 – Invenergy Wind LLC (“Invenergy”) announced thesuccessful closing of construction and equity financing for its 120 MW Stanton WindEnergy Center (“Stanton”) in Martin County, Texas. The debt facility was underwritten by lead arranger Dexia Credit Local and co-arranger Natixis. The equity will be provided byGE Energy Financial Services.
Invenergy acquired Stanton from Wind Tex Energy, L.P., who had completed the initialdevelopment work on the project. Strong support from officials with Martin County, andthe Stanton and Grady Independent School Districts was instrumental in helping theproject move forward on a fast track basis.
Stanton will utilize 80 General Electric 1.5MW SLE wind turbines and construction isbeing managed by DH Blattner & Sons. Full commercial operation of the wind farm isscheduled for early 2008. The project interconnects with Oncor, the transmission affiliate of TXU, and all power will be sold into the ERCOT market. Energy price risk is hedgedthrough a long-term agreement with Credit Suisse Energy. The wind farm will be ownedand operated by Invenergy.
About Invenergy Wind LLC
Chicago-based Invenergy Wind LLC is an affiliate of Invenergy LLC, a developer, ownerand operator of utility-scale electricity generating facilities including wind energy andnatural gas-fired projects. Invenergy Wind currently has 12 facilities representing more than 1,300 megawatts of wind energy projects in operation and construction in the US andEurope. Wind energy projects completed and under construction by Invenergy Wind areexpected to generate more than 3.6 billion kilowatt hours of electricity per year with cleanand renewable generation technology, enough to power almost 400,000 homes.
Invenergy is headquartered in Chicago and has North American offices in Denver,Washington D.C., Toronto, Milwaukee, Tampa, San Francisco and Austin, Texas.Overseas offices are located in London, Warsaw, Budapest and Athens.
Contact: James Murphy 312.224.1408